.............................................................................................................

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............................................................... 28

.................................................................. 29
30

............................................................................................... 31
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63
................. 156
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160
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.................... 168
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99

99 100

99
1.

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99 ()

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16,819,500

13,275,503
66,401
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Accession Limited

Standard Industries, LLC.

Renewable Resource Technology (Cayman)

Co., Ltd.

Authenex, Inc.

Octamer, Inc.
Techgains Pan-Pacific Corporation
Walden VC II, L.P.
VantagePoint Communications Partners, L.P.
iGlobe Partners Fund, L.P.

363,333

35.5%

7,675,325
3,000,000
1,600,000
960,000
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97.1%
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192,679
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AsiaVest Opportunities Fund IV

1
2
3

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( 3)

( 3)
200
131,000
8,297,000
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556,012

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7,675,325
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( 2)
( 3)

97.1%
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100%

( 3)

100%

0.7%
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200
131,000
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0.2%
23.7%
16.4%

-32-

10

10

10

10

10

10

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81/03

82/07

83/02

84/03

85/02

86/03

87/03

100

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100

75/09

80/07

100

75/06

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100

75/06

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450,000

150,000

50,000

50,000

60,201,792

43,001,280

30,715,200

19,440,000

16,200,000

5,000,000

5,000,000

602,017,920

430,012,800

307,152,000

194,400,400

162,000,000

45,000,000

15,000,000

450,000

150,000

47,884

47,883

60,201,792

43,001,280

30,715,200

19,440,000

16,200,000

194,400,000 32,400,000
48,600,000
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602,017,920 172,005,120

84,833,857

848,338,570

84,833,857

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430,012,800 122,860,800

307,152,000

45,000,000 30,000,000
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15,000,000 10,211,600

4,788,400 100

4,788,300

240,807,170
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4,417,100
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()

75.06.06 (75)
2799
75.06.27 (75)
3149
75.09.22 (75)
4718
77.04.09 (77)
1831
79.05.16 (79)
3425
80.05.15(80)()
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81.02.17(81)()
00269
82.04.13(82)()
00771
83.01.14(83)()
49242
84.01.07(84)()
52905
84.12.04(84)()
62578
85.12.24(85)()
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86.12.16(86)()
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-33-

10

10

10

10

10

88/02

89/02

90/02

98/08

99/08

380,000,000 3,800,000,000 370,901,489 3,709,014,890 483,784,550

330,000,000 3,300,000,000 322,523,034 3,225,230,340 16,045,920

330,000,000 3,300,000,000 262,360,651 2,623,606,510

523,675,590
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330,000,000 3,300,000,000 302,264,506 3,022,645,060
5,497,570
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99.07.05
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87.12.28(87)()
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103971
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370,901,489

9,098,511

380,000,000

()
()

100 4 17

21

120

16,257

66

16,465

3,348,550 21,966,681 62,646,965 263,905,428 19,033,865 370,901,489

0.90%

()

1-999
1,000-5,000
5,001-10,000
10,001-15,000
15,001-20,000
20,001-30,000
30,001-40,000
40,001-50,000
50,001-100,000
100,001-200,000
200,001-400,000
400,001-600,000
600,001-800,000
800,001-1,000,000
1,000,001

5.92%

16.89%

71.16%

5.13%

100.00%

10
100 4 17 %

8,760
1,133,694
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5,744
11,412,016
3.07%
900
6,908,369
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326
4,062,963
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181
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164
4,005,161
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104
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44
2,034,834
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92
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65
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31
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4
2,827,915
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28
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370,901,489
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-34-

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100 417 %

148,816,762

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46,706,817

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16,819,500

4.53%

13,275,503

3.58%

6,120,000

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5,935,850

1.60%

5,576,225

1.50%

4,986,615

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3,911,250

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3,348,550

0.90%

()

98

100 4 30
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99

44.20

93.90

93.50

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37.20

69.10

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14.02

69.56
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320,172,380

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2.35

3.50

( 1)

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2.00

( 1)

1.50

( 1)

( 2)

7.45

12.01

( 3)

15.02

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6.66%

( 1)

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2
3
4
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()
1.

2.
100 4 26 2.5
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100

3,709,014,890

2.5

()

()

0.25
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()

()

100
100

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2.

26,845,380
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3.
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(2)

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4.
16,256,635
11,611,879
()

-38-


86 6 19

()

()

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99

(USD)
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Euro MTF Market

USD29,070,000
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15,000,000

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14.56
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()

()

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()
1.

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100%

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2.
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(3)
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:
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2010

2009 100%
2010
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2010

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(2)
2010

2009

(3)

360

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2006

2009

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2001
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2006

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2010
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(3)

2011

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2011

2011

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(3)
2010

-46-

2011

2 1/2+1/2

()
1.

2.
->->->->->
->->->->->->
->->->->->
->->->->->
->->->->->
->->->->

()

-47-

-48-

1
2
3
4
5
6
7
8
9
10

6,137,291
9,729,708

2,362,260
1,230,157

63.1
100.0

24.3
12.6

3,019,111
1,433,791

6,970,961

11,423,863

61.0
100.0

26.4
12.6

1,945,111
3,297,159

858,654
493,394

59.0
100.0

26.0
15.0

100 3 31

1
2

(%)

()
1.

-49-

B
A

1
2
3
4
5
6
7
8
9
10
74.4
100.0

1,242,554
1,577,636

78.8
100.0

(%)
205,073
13.0
130,009
8.2

100 3 31

(%)
1,044,316
17.8
B
458,747
7.8
A

4,359,614

5,862,677

B
A

1
2 A B

64.9
100.0

(%)
1,177,638
22.4
667,838
12.7

3,412,853

5,258,329

2.

()

99

79,000.00

62,644.53

4,801,316

85,000.00

74,103.14

5,290,431

33,000.00

18,735.78

895,016

33,000.00

22,105.28

1,047,550

9,378.77

202,346

8,081.30

192,659

90,759.08

5,898,678

118,000.00 104,289.72

6,530,640

()

98

112,000.00

()

()

98

99

59,524.5

7,890,415

38.0

5,110 75,178.6

18,469.4

1,582,379

18.8

8,698.4

250,317

0.0

86,692.3

9,723,111

56.8

9,550,592

33.0

4,650

1,487 21,002.1

1,603,330

17.5

1,469

7,421.4

263,822

0.0

6,597 103,602.1

11,417,744

50.5

6,119

-50-

0.0


100 4 30

98

99

100 4 30

416

425

424

243

275

301

659

700

725

36.80

36.78

36.89

8.60

8.60

8.58

66

77

77

312

316

323

209

237

252

68

65

68

-51-

()()
99
100 4 30
()
()

99 2

()
1.
(1)
(2)
100

101

6,250

102

6,250
6,250

(3)

100

101

102

2.

-52-


()
1

(1)

(2)

(3)
(4)
(5)

(1)
(2)
(3)
(4)
(5)
(6)

148470
12761

94.07.01
94.07.01

-53-

99 5,995
4

(1)

(2)
(3)

(4)

(5)

(6)
(7)

(8) 10

-54-


(9)
(10)

(11)
(12)

(13)

(14)
(15)

(16)

(1)

(2)

(3)
(4)
(5)
(6)

(7)

(8)

(9)

(10)

(11)

(12)

-55-

(13)

()

100 4 30

83.07--113.07( 1)

( 2)

100.04.28-103.04.27

( 3)

100.04.26-101.04.25
( 4)

99.06.07-101.06.06

99.06.07-101.06.06

5.8

99.03.15-101.03.15

1 5
2

3 3 3

-56-

( )

()

100 3 31

()

95

96

97

98

99

2,250,071
2,232,019
1,196,652
53,519
302,688
6,034,949
942,754
1,371,982
500,000
20,050
1,462,804
1,892,032
3,209,184
17,828
1,259,449
830,221
101,625

2,699,031
1,880,133
1,095,435
33,607
347,337
6,055,543
1,315,178
1,613,139
187,000
20,916
1,523,094
1,821,055
3,209,184
19,501
1,211,389
913,428
105,945

3,176,944
1,695,862
1,061,252
9,763
444,493
6,388,314
1,400,054
1,849,340
52,535
1,452,589
1,901,875
3,209,184
21,606
1,618,977
1,153,645
135,698

3,409,102
2,436,854
1,004,865
8,474
421,476
7,280,771
1,419,202
2,064,248
552
53,500
1,473,254
2,118,300
3,225,230
29,242
2,443,854
1,315,023
95,399

3,664,896
3,990,077
986,367
11,566
391,956
9,044,862
1,816,336
()
1,029
55,332
1,872,697
()
3,709,015
33,947
3,445,609
()
(39,756)

4,504,305
4,166,680
996,913
10,046
377,287
10,055,231
1,916,796
()
947
21,860
1,973,288
()
3,709,015
33,947
4,310,706
()
3,907

939

3,310

(51,692)

11,840

21,398

22,416

4,302

4,302

23,134

23,134

23,134

23,134

(21,182)
(21,182)
(21,182)
(21,182)
(21,182)
4,572,145 4,532,449 4,935,725 5,807,517 7,172,165
()
4,142,917 4,234,488 4,486,439 5,162,471

(21,182)
8,081,943
()

97 3 31 49,596

-57-

()

95

96

97

98

100 3 31
()

99

5,925,441 6,730,825 8,317,144 9,729,708 11,423,863

2,297,252 2,670,848 3,283,806 4,077,647 4,870,548
560,447
847,099 1,347,019 1,809,108 2,370,888

3,297,159
1,434,281
863,415

66,184

74,249

32,370

19,262

241,912

170,769

272,154

385,102

419,301

156,098

36,684

4,198

354,477

536,246

960,088 1,672,272

2,576,116

1,029,986

244,391

381,168

705,549 1,290,209

2,130,586

865,097

3,321

247,712
0.67

381,168
1.04

705,549 1,290,209
1.92
3.50

2,130,586
5.79

865,097
2.35

136 500 603 908

()

99

98

97

96

95

-58-

97

98

99

22.74

20.23

20.70

19.62

423.86

430.83

465.09

577.99

727.23

810.79

238.67

205.22

226.92

240.21

201.77

234.99

122.89

101.54

133.11

137.70

124.65

168.25

25.06

56.89

631.81

209,035.0

1,923.47

79,230.69

5.16

5.94

6.64

6.96

7.19

7.40

70.78

61.45

54.98

52.41

50.80

49.34

3.78

3.52

3.81

4.22

4.73

5.77

13.00

11.68

10.23

10.07

10.30

10.16

96.55

103.61

95.85

86.55

77.19

63.31

4.81

5.87

7.71

9.42

11.47

13.30

0.95

1.11

1.34

1.42

1.40

1.38

4.17

6.42

11.36

18.88

26.11

9.06

5.58

8.37

14.90

24.02

32.83

11.34

17.46

26.40

45.04

56.09

63.92

23.28

11.05

16.71

29.92

51.85

69.46

27.77

4.18

5.66

8.48

13.26

18.65

26.24

0.78

1.19

2.20

4.03

5.79

2.35

67.36

57.19

105.54

99.60

126.84

47.24

240.27

202.54

218.14

221.83

227.29

292.42

96
25.15

95

100 3 31

24.24

()

4.50

5.53

18.45

12.99

18.76

9.27

1.93

1.99

1.63

1.52

1.40

1.28

1.03

1.01

1.00

1.00

1.00

1.00

1.

2.

3.

-59-


4.

5.

1.
(1)
(2)
2.
(1)
(2)
(3)
3.
(1)()
()
(2)365
(3)
(4)()
()
(5)365
(6)
(7)
4.
(1)1
(2)
(3)
(4)
5.
(1)
(2)(
)
(3)()(
)
6.
(1)()
(2) ()

-60-

-61-

-62-

0920123784

0920123784

-63-

-64-

! ! ! ! ! !

1XXX

1800
1820
1830
1860
18XX
$ 9,044,862

129,172
9,132
9,685
243,967
391,956

11,566

1750

396,267
665,020
1,308,136
21,726
88,742
1,664
30,974
2,512,529
56,819
2,569,348
1,626,612 )
43,631
986,367

! !
! !

1501
1521
1531
1551
1561
1611
1681
15X1
15X8
15XY
15X9
1670
15XX

29,353
172,178
3,788,546
3,990,077

1450
1480
1421
14XX

100

1
3
4

5
7
15
1
28
28
18 )
1
11

2
42
44

19
1
15
1
41

1150
1160
1180
120X
1250
1260
1286
1298
11XX

1,677,874
78,293
12,112
906
1,360,823
40,080
20,187
19,753
3,510
3,664,896

5
-

429,779
18,950
2,629

1100
1320
1120
1140

16,949
! 13,871

129,724
11,512
1,444
278,796
421,476

8,474

396,267
648,212
1,267,800
19,002
104,242
738
30,229
2,466,490
56,819
2,523,309
1,566,779 )
48,335
1,004,865

32,629
193,976
2,210,249
2,436,854

1,373,044
46,885
18,369
126
1,410,926
43,982
52,301
19,424
3,111
3,409,102

144,773
295,144
1,017

$ 7,280,771

100

2
4
6

34XX
3XXX

3420
3451
3460
3480

3310
3350
33XX

3220
3260
32XX

31XX

2XXX

2810
2820
28XX

2510

10
! 380,000 330,000
! 370,901 322,523
!

2,703
! 2,351

! !

2440

2120
2140
2150
2160
2170
2228
2288
2298
21XX

6
9
17
2
34
1
35
22 )
1
14

3
30
33

19
1
19
1
1
47

2
4
-

$ 9,044,862

21,182 )
16,406 )
7,172,165

39,756 )
21,398
23,134

823,240
2,622,369
3,445,609

20,373
13,574
33,947

3,709,015

1,872,697

20,730
917
21,647

33,685

1,029

2,748
686,090
2,226
302,529
758,271
42,657
320
21,495
1,816,336

(
(

100

79

9
29
38

41

21

8
3
8
1
20

21,182 )
109,191
5,807,517

95,399
11,840
23,134

694,219
1,749,635
2,443,854

15,672
13,570
29,242

3,225,230

1,473,254

19,665
150
19,815

33,685

552

3,079
578,202
418
148,264
657,745
29,415
140
1,939
1,419,202

$ 7,280,771

100

2
80

1
1

10
24
34

44

20

8
2
9
1
20

4110
4170

$11,849,947
104

$10,130,192
104

91,091

96,484

334,993

304,000

4100

11,423,863

100

9,729,708

100

5110

6,553,315

57

5,652,061

58

5910

4,870,548

43

4,077,647

42

2,206,517
235,054
58,089
2,499,660

19
2
1
22

1,963,287
232,633
72,619
2,268,539

20
2
1
23

2,370,888

21

1,809,108

19

2,161

3,112

217,789
2,676

2
-

2,493

139
4,485
14,662

310
4,671
8,676

241,912

19,262

4190

6100
6200
6300
6000

6900

7110
7121
7122
7130
7140
7480
7100

-65-

7510
7521
7530
7560
7630
7880
7500

1,340

58,147

50
21,854

1,504
1,834

12,334
1,106

92,856
1,749

1
-

36,684

156,098

2,576,116

23

1,672,272

17

445,530

382,063

$ 2,130,586

19

$ 1,290,209

13

8110

7900

9600

9750

9850

$ 7.00
$ 6.99

$ 5.79
$ 5.78

$ 4.54
$ 4.53

$ 3.50
$ 3.50

$ 2,135,287

$ 1,293,484

$ 5.76

$ 3.49

$ 5.75

$ 3.48

-66-

-67-

15,672

3,225,230

20,373

$ 3,709,015

4,701

2
15%

483,785

3,275

16,046

13,574

13,570

4,361

$
12,397
$
9,209
$

1.4
0.5%

$ 3,209,184

33,947

4,701

29,242

3,275

4,361

21,606

$ 2,622,369

2,130,586

129,021 )
645,046 )
483,785 )

1,749,635

1,290,209

70,555 )
449,286 )
16,046 )

(
(

(
(

$ 3,445,609

2,130,586

645,046 )
483,785 )

2,443,854

1,290,209

449,286 )
16,046 )

($

39,756 )

135,155 )

95,399

40,299 )

$ 135,698

(
(
(

(
(
(

823,240

129,021
-

694,219

70,555
-

$ 623,664
$ 995,313
$ 1,618,977

(
$

21,398

1,792 )

11,350

11,840

32,041

31,491

($
51,692 )

($

21,182 )

21,182 )

($
21,182 )

23,134

23,134

$
23,134

($

16,406 )

1,792 )

135,155 )

11,350

109,191

32,041

40,299 )

31,491

85,958

$ 7,172,165

1,792 )

135,155 )

2,130,586

4,701

11,354

645,046 )
-

5,807,517

32,041

40,299 )

1,290,209

3,275

35,852

449,286 )
-

$ 4,935,725

-68-

$2,130,586
94,430
10,097
(
4,485 )
( 217,789 )
91,208
12,334
(
89 )
2,860
34,500

$1,290,209
130,636
11,576
(
4,671 )
58,147
512
92,856
1,194
550
45,414

(
(
(

1,612 )
304,830 )
31,408 )
4,472
(
780 )
50,103
3,902
32,114
(
399 )
(
331 )
107,888
1,808
154,265
100,526
13,834
19,556
1,065
2,303,825

(
(
(
(
(
(

(
(
(
(

176
81,080 )
32,916
6,201 )
116 )
141,364 )
221 )
23,085 )
371
1,654
39,299
383 )
119,669 )
121,788
2,117 )
36,979 )
1,103
965
1,413,480

( $2,583,107 )
2,864,183
7,064
2,400
( 1,570,816 )
(
72,491 )
169
(
14,015 )
2,380
(
10,307 )
( 1,374,540 )

( $3,846,569 )
3,835,831
22,352
( 879,966 )
264
(
62,237 )
445
(
5,651 )
(
274 )
(
1,170 )
( 936,975 )

767
645,046 )
644,279 )

449,286 )
449,286 )

(
(

(
(

285,006

27,219

144,773

117,554

$ 429,779

$ 144,773

$
1,340
$ 256,765

$
8
$ 456,318

$2,862,410

$3,837,604

1,773

$2,864,183

-69-

1,773 )
$3,835,831



$ 75,899

$ 73,897

23,678
140
552
(
(
(
$

26,429 )
320 )
1,029 )
72,491

169

10,672

12,710
(
(
(
$

157

23,678 )
140 )
552 )
62,237

12

(
$
$

3,343

14,015

451

-70-

12 )
445
8,994
-

(
$

457

3,343 )
5,651

! !

! !
! !
700 659

! !

! !

! !

! !

-71-


! !

! !

! !

! !
! !

! !

! !

! !

-72-

! !

! !

! !

! !

! !

! !

-73-

! !

! !

! !

! !

! !

! !
! !

! !

! !

! !

-74-

! !

! !

!
! !
( )
( )
( )

$ 1,283
35,134
393,362
$429,779

$ 1,301
12,341
121,144
9,987
$ 144,773

$ 18,950
29,353
48,303
( 18,950 )
$ 29,353

$ 38,812
256,332
32,629
327,773
( 295,144 )
$ 32,629

-75-

! ! 1,000
3.00%
! ! !

$ 525,057
463,811
90,928
270,335
20,689
1,370,820
(
9,997 )
$ 1,360,823

! !


! !

$ 688,135
398,254
63,193
244,364
28,120
1,422,066
(
11,140 )
$ 1,410,926

! ! 1,143
6,576 12,347 246
96,399
11,956 13,799 589
!

$ 72,080

$ 74,676

26,279
15,732
15,681
11,933
9,600

30,000
20,000
15,681
18,010
9,600

6,219
5,697
5,022

8,603
5,697
7,422

3,935

4,287

! ! Walden VC II, L.P.

! !

! !
! !
! ! iGlobe Partners Fund, L.P.
! !
! ! Techgains Pan-Pacific
Corporation
! !
! !
! ! VantagePoint
Communications
Partners, L.P.

-76-

! ! Authenex, Inc.
! !

! !
! ! Octamer, Inc.
! !

$
-

$
-

$172,178

$193,976

! !

Walden VC II, L.P.

Techgains Pan-Pacific
Corporation

Silicon Valley Equity Fund, L.P.

II

Walden Media and Information

Technology Fund, L.P.

$ 4,268
3,721
2,596

$
49,000

1,749
-

15,254
12,696

10,133
4,578

$ 12,334

822
373
$ 92,856

! ! Walden VC II, L.P.VantagePoint Communications

Partners, L.P. iGlobe Partners Fund, L.P.

250

-77-

! ! Accession Limited
! !

! !

! !

! !

! ! Standard Industries, LLC

! ! Renewable Resource
Technology (Cayman)
Co., Ltd.RRT

$ 2,838,230

100.0%

$ 1,421,164

100.0%

510,231

100.0%

391,237

100.0%

173,035

100.0%

152,846

100.0%

159,489

52.0%

120,224

52.0%

77,709
28,342

97.1%
50.0%

78,666
33,047

97.1%
50.0%

1,510
$ 3,788,546

35.5%

13,065
$ 2,210,249

35.5%

! !

( $ 27,667 )
204,770
10,776
44,663
(
1,323 )
(
1,884 )
( 11,546 )
$217,789

Accession Limited

Standard Industries, LLC

RRT

( $161,975 )
89,956
(
4,798 )
21,337
616
(
3,234 )
(
49 )
( $ 58,147 )

! ! Accession Limited

! ! RRT

-78-

!
! !

$ 370,815
1,153,163
13,206
63,908
283
25,237
$ 1,626,612

$ 346,244
1,107,392
12,187
77,488
41
23,427
$ 1,566,779

! !

! !

136

0.58%-0.68%
!

$118,709
10,672
451
129,832

$109,715
8,994
118,709

110,235
8,031
118,266
$ 11,566

99,952
10,283
110,235
$ 8,474

$121,446
19,704
141,150

$121,446
19,704
1,706
142,856

! !
! !
! !
! !
! !

! !
! !
! !

!
! !
! !
! !

!
! !

-79-

$ 11,978
11,978
$129,172

$ 11,426
1,706
13,132
$129,724

! !
! !
! !

! !

3,000
1,250

$437,940

$ 418,058

43,325 )
10,233
3,236
(
290 )
407,794

( 104,455 )
29,139
16,966
( 18,900 )
340,808

! !
! !

! !
! !
! !
! ! ! !
! !

(
(

7,725 )
194
594 )
2,108 )
44,733
3,236
$445,530

-80-

(
(

48,074 )
24,100
628 )
4,537 )

74,553
(
4,159 )
$ 382,063

! !

! !

!
! !
! !
! !
! !

! !
! !
! ! ! !

! !
! ! ! !

7,310
1,700
10,743
19,753

$ 19,753

! !
! ! ! !

! ! ! ! ! !

$240,666
3,301
$243,967

7,901
2,228
9,550
19,679

255 )
$ 19,424

$274,048
4,748
$278,796

! !

! !

-81-

! !

$
1,963

$
1,963

2,620,406
$ 2,622,369

1,747,672
$ 1,749,635

! !
341,799 544,481
! ! 24.59%
37.21%

! ! 54,143
10,828.6 5
Euro MTF Market

! !
! ( )

! ( )
! !

! ! 26,845
16,257 19,175
11,612
1.4% 1%

-82-

! !

! !

$129,021
$ 70,555
645,046
449,286
$ 2.00
$ 1.40
483,785
16,046
1.50
0.05

! !

$ 16,257
11,612

$ 10,368
6,350

$ 16,257
$ 11,612
$ 10,368
$
6,350

16,257
11,612
8,443
6,350
! ! ! !
$
$
$
1,925
$
-

! !
1,925

! !

-83-

2,351
352
2,703

2,339

12

2,351

! !

! !

! !

! !

! !

! !

! !

! !

$ 2,576,116

$ 2,130,586

368,198

$ 7.00

$ 5.79

530

$ 2,576,116

$ 2,130,586

368,728

$ 6.99

$ 5.78

$ 1,672,272

$ 1,290,209

368,198

$ 4.54

$ 3.50

613

$ 1,672,272

$ 1,290,209

368,811

$ 4.53

$ 3.50

! !

-84-

! !
4.03 3.50
4.02 3.50

! !

18,615 16,475
! !

! !

$ 504
$ 7,138
381
6,045
( $ 4,220 )
(
975 )
( 5,195 )
1,042
$ 885
$ 9,030

$ 495
$ 6,721
496
7,109
( $ 1,667 )
( 5,476 )
( 7,143 )
80
$ 991
$ 6,767

! !

! !
! !
! !
! !

$ 16,037
16,037
1,487

-85-

$ 41,261
182,446
223,707
88,256

$ 18,511
18,511
530

$ 20,129
192,331
212,460
89,773

! !

$ 17,524
$ 311,963
( 266,036 )
17,524
45,927
(
683 )
2,462
$ 19,986
$ 19,750

$ 19,041
$ 302,233
( 256,251 )
19,041
45,982
(
763 )

44,500 )
744

60
$ 19,101

$ 51,215

$ 19,250

44,655 )
564

$ 24,718

! !


2.00%
2.00%
2.00%
2.00%
3.00%
3.00%
3.00%
3.00%

2.00%

2.00%

2.00%

2.00%

! ! ! !
! !
! !
! ! ! !
! !
! !

$278,876
20,080
11,635
55,084
$365,675
$ 49,947
$
675

$352,821
21,198
16,895
37,448
$428,362
$ 43,931
$ 9,422

-86-

$
$
$

552
-

$631,697
41,278
28,530
92,532
$794,037
$ 94,430
$ 10,097

! ! ! !
! !
! !
! ! ! !

$231,649
17,795
9,197
41,320
$299,961
$ 65,880
$
328

! !
! !

$328,079
19,708
15,036
34,624
$397,447
$ 63,996
$ 11,248

760
-

$
$
$

$559,728
37,503
24,233
75,944
$697,408
$130,636
$ 11,576

! ( )

! ( )

$ 78,167
126
$ 78,293

$ 46,885
$ 46,885

906

126

2,226

418

1.
! !
! !
2.
! !
3.
! !

$709,245
126
$709,371

$680,460
$680,460

4.
! !
! !

-87-

$522,598
13,429
$536,027

$301,923
16,967
$318,890

533

3,154

2,190

20

5. ! !
! !
! !
6.
! !
7.

! !

! !
! !
! ( )

$ 28,022

$ 20,725

! !

$303,109

$320,837

! !

! ( )

! ( ) 1,300 1,000

-88-

! ( ) 65,000
! ( )
120,000 475,547
! ( )

$ 17,627
16,630
1,469
1,380
1,428
2,618

! ( )

! !
! !
! !

! !
! !
! !
! !
! !
! !

! !

! !

! !
! !
! !
! !
! !
! !

429,779

429,779

144,773

144,773

18,950
2,629
1,677,874
78,293
12,112
906

18,950
2,629
1,677,874
78,293
12,112
906

295,144
1,017
1,373,044
46,885
18,369
126

295,144
1,017
1,373,044
46,885
18,369
126

29,353

29,353

32,629

32,629

172,178

193,976

3,788,546

2,210,249

2,748
686,090
2,226
42,657

2,748
686,090
2,226
42,657

3,079
578,202
418
29,415

3,079
578,202
418
29,415

1,349

1,349

692

692

-89-

! ( )
1.

2.
3.

4.

! ( )
422,715 158,760
1,349 692

5,000
! ( )
2,693 33,011

4,485 970
11,350
31,491
! ( )
1.
! !

2.
! !

-90-

3.
! !

! !
! !

! ! ! !
! ! ! !
! ! ! !

442
0.7
53

29.13
38.92
29.68

1,008

29.13

98,458

182
230
173
3

12,885
29
1,577

33
1,001
2,482

31.99
46.10
28.79

1,041
46,130
71,466

29,353

1,020

31.99

32,629

29.13

2,868,082

45,867

31.99

1,467,276

29.13
38.92
29.68
31.07

5,308
8,944
5,148
107

398
34
614
3

31.99
46.10
28.79
31.03

12,717
1,564
17,673
98

! ! ! !

! ! ! !

!
!
!
!

!
!
!
!

! !
! !
! !

! ( )
1.
2.
3.
4.

5.

-91-

6.

7.

8.

9.
! ( )
! ( )

! ( )
! !

! ( )
! !

! ( )
! !

! ( )
! !

$ 3,019,111
26.4
1,433,791
12.6

-92-

$ 2,362,260
24.3
1,230,157
12.6

-93-

232,228

$ 1,421,164

$ 1,421,164

Accession Limited 100% 1,421,164 1,421,164 100%

(2) 2

(1) 1

256,304

Accession Limited $

0 Accession Limited 1

-94-

(3)

(2)

(2)

5,408,421 (

5,408,421 (

$ 5,408,421 (
2,070,705

15,000

$ 520,000
475,547

$ 120,000

$
-

100% 6,760,526 6,760,526 100%

80% 5,408,421 6,760,526 80%

(6)

(5)

(4)

(3)

(2)

(1)

7%

2%

6,760,526 ()

6,760,526 ()

$ 6,760,526 ()

0 1

-95-

!
!
!
!

! !

! !

! !

! !

! !

! !

! !
! !
! !

!
!
!
!

979,564
$
14,448

60,751
4,502

DB 2009-1
100
29,353

Accession Limited
123,600,000
2,838,230

30,000,000
510,231

15,000,000
173,035

Standard Industries, LLC

28,342

10,374,399
159,489

7,675,325
77,709
Renewable Resource Technology
363,333
1,510
(Cayman) Co., Ltd.

3,125,554
15,681

1,194,249
9,600

1,600,000
5,697

VantagePoint Communications
3,935
Partners, L.P.

Walden VC II, L.P.

72,080

iGlobe Partners Fund, L.P.

11,933

Techgains Pan-Pacific
500,000
6,219
Corporation

960,000
5,022

3,000,000
26,279

! !
! !
! !

17,682
4,332

0.3%
2.7%

4,713
4,700
27,932

0.8%
2.3%
1.9%

1.4%

2.1%

0.5%

15,683

158,900
76,988
1,510

52.0%
97.1%
35.5%
9.4%

2,838,230
513,231
377,941
28,342

100.0%
100.0%
100.0%
50.0%

$
14,448
4,502
29,353

-96-

Octamer, Inc.

! !

! !

! !

JF

! !

! !
! !
! !

! !

100.0%

2,393,636
18,410
1,415
18,009
20,510
30,027
204,907
5,216
24,509
12,257
8,156

131,000
1,619,840
1,479,299
2,372,497
2,703,252
53,500
731,609
206,000
386,532

0.2%

100.0%

29,515
42,229

84,859
200

0.7%

48,963
14,998

84,001
25,628

5,216
24,509
12,257
8,156

204,907

30,027

20,510

18,009

2,116

18,410

2,393,636

29,515

48,963
14,998

2,000,000
$
15,732
7.0%
$
15,262

2,424,242
5.5%

11,200
0.4%

907,815
8.8%

1,000,000
1.4%

674,000
0.9%

Accession Limited

PIMCO
AsiaVest Opportunities Fund IV

! !

Authenex, Inc.

! !

! !

! !

Accession Limited

! !

-97-

! !

! !

JF

! !

26,586

1,564,000
2,000,000
3,600,000

16.4%

2.8%

2.1%

13,312

416,750
$
6,368
$
6,368

500,000
4,280
4,280

797,435
9,747
9,747

500,000
5,660
5,660

1,524,664
21,139
21,139

292,657
3,508
3,508

150,000
1,773
1,773

205,556
3,059
3,059

295,159
7,686
7,686

196,356
5,025
5,025

8,297,000
23.7%

719,524
10,486
10,486

200,665
3,103
3,103

437,537
5,348
5,348

180,495
2,503
2,503

! !

-98-

JF

ING

ING

Accession Limited

Accession
Limited

9,888,348

43,005
83,001
40,003
50,007
1,421,164
940,196

3,224,515
6,942,686
2,564,694
3,880,873
73,600,000

28,857 88,513

27,667 132,325

8,334,826

50,000,000

7,641,221

10,557,761

14,638,378

17,941,436

15,059,256

9,185,352

16,904,623

7,237,030

9,965,745

11,453,346

10,487,298

19,234,836

8,706,931

/
7,459,799 $

/
- $

1,570,810

125,000

1,577,058

128,500

98,600

152,500

212,000

248,000

247,000

141,000

256,000

113,000

145,000

137,000

140,000

221,000

110,000

7,515,851

8,334,826

11,522,094

10,557,761

14,638,378

17,941,436

15,059,256

9,185,352

16,904,623

9,801,724

9,965,745

18,396,032

13,711,813

19,234,836

8,706,931

/
115,000
7,459,799 $

1,570,810 6,248

95,016

128,508

148,658

152,510

212,018

248,049

247,032

141,004

256,054

153,028

145,017

220,030

183,031

221,021

110,020

117,370

94,989

159,992

128,500

148,607

152,500

212,000

248,000

247,000

141,000

256,000

153,003

145,000

220,001

183,005

221,000

110,000

27

51

10

18

49

32

54

25

17

29

26

21

20

16

2,372,497

123,600,000

2,393,636

30,027

2,838,230

/
115,006 $ 115,000 $
6 $
- $

-99-

59%

28%

709,245

522,598

! !

! !

55

55
-

78,167 )

50%

! !

$ 709,245
6%
$ 78,167
4%

55

! !

522,598
9%

55

-100-

Accession Limited $232,228

Accession Limited

! !
! !

! !

! !
! !

600
!
$ 5,858
$ 6,286
$ 428
10
!
99
105
(
6)

! !
2,321
! !
1,376

-101-

-102-

Renewable Resource
Cayman Islands,
Technology (Cayman) British West
Co., Ltd.
Indies

U.S.A.

92,235

89,290
99,553

89,290
99,553

92,235

324,127

324,133

2,409,985

150,000
39,867

150,000
39,867

3,980,795

448,286

448,286

$3,930,777
$2,359,967
$

7,675,325
363,333

10,374,399

15,000,000

30,000,000

15,477 4,701

( 1,868) 545

100.0%

100.0%

97.1%
35.5%

52.0%

100.0%
50.0%

100.0%

123,600,000
100.0%
$

199,828 4,942

Accession
Limited

Tortola, British
Virgin Islands

Standard Industries,
LLC

Accession Limited

18,410

2,393,636

77,709
1,510

159,489

173,035
28,342

510,231

(
(

2,459 )

28,857 )

1,925 )
32,504 )

85,878

15,477
3,768 )

199,828

(
(

1,323 ) ()
11,546 )

10,776 ()
1,884 )

44,663

204,770 ()

2,838,230
( $ 27,667 )
( $ 27,667 )

-103-

92,235

3,980,795

$ 172,482

$5,104,577

5,443

18,410

2,393,636

2.(2)

4,034,074 53,279 Accession Limited

99,553 2,612 Renewable Resource Technology (Cayman) Co., Ltd.

(3) ! !

(2)

(1)

2.

1.

5.

4.

3.

2.

1.

2.
$ 96,941
$
$
$ 96,941
35.5%
( $ 11,436 )

3.
2,409,985
1,570,810
3,980,795
100.0%
( 28,857 )

5.
100.0%
(
2,459 )

$4,133,627

! !

! !

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

-104-

0920123784

0920123784

-105-

-106-

! !

! ! ! ! ! !

1710
1750
1760
1770
1780
17XX

1800
1820
1830
1860
18XX

1XXX

! !
! !

1501
1521
1531
1611
1681
15X1
15X8
15XY
15X9
1671
15XX

30,876
! 20,359

1450
1480
1421
1423
14XX

1150
1160
1180
120X
1250
1260
1286
1291
1298
11XX

1100
1320
1120
1140

269,854
32,228
12,704
244,393
559,179

44
12,782
559
826
10,803
25,014

702,317
1,278,958
2,417,830
1,664
326,747
4,727,516
56,820
4,784,336
2,748,101 )
76,401
2,112,636
(

100

3
2
5

7
12
23
3
45
45
26 )
1
20

3
1
4

31
23
1
5
1
71

3,207,961
5,701
36,552
107
2,465,895
79,368
539,180
22,065
44,812
4,348
7,498,364

29,353
242,408
29,852
54,556
356,169

7
3
-

757,776
320,795
13,804

$ 10,551,362

9,655,377

149,650
32,859
5,046
279,417
466,972

71
9,082
559
869
11,618
22,199

100

2
3
5

9
13
24
3
49
1
50
27 )
1
24

3
1
4

26
27
1
4
67

4
5
-

3610
3XXX

34XX

3420
3451
3460
3480

3310
3350
33XX

3220
3260
32XX

31XX

2XXX

10
! 380,000 330,000
! 370,901 322,523
!

2,703
! 2,351

! !

100

68
1
69

21,182 )
16,406 )
7,172,165
148,993
7,321,158
(
(

$ 10,551,362

39,756 )
21,398
23,134

8
25
33

35

31

1
1

1
1

3
9
3
13
1
29

823,240
2,622,369
3,445,609

20,373
13,574
33,947

3,709,015

3,230,204

22,382
13,797
36,179

125,724
1,029
126,753

349,654
3,820
916,731
305,893
1,341,824
69,065
21,028
320
25,252
3,033,587

2810
2820
28XX

33,685

2510

2420
2440
24XX

2100
2120
2140
2160
2170
2210
2270
2288
2298
21XX

823,764
1,289,701
2,325,145
738
326,928
4,766,276
56,820
4,823,096
2,666,545 )
116,957
2,273,508

32,629
283,651
46,112
54,632
417,024

2,483,379
43,928
2,595,375
91,241
345,148
21,541
2,700
3,954
6,475,674

406,367
471,811
10,230

9,655,377

21,182 )
109,191
5,807,517
112,809
5,920,326

95,399
11,840
23,134

694,219
1,749,635
2,443,854

15,672
13,570
29,242

3,225,230

3,735,051

18,397
9,681
28,078

33,685

171,964
552
172,516

1,271,199
3,500
766,112
148,264
1,186,186
61,518
57,539
140
6,314
3,500,772

100

1
60
1
61

1
-

7
18
25

34

39

2
2

13
8
1
12
1
1
36

4110

$ 18,484,731
103

$ 16,095,960
103

4170

115,091

127,008

4190

379,406

335,412

4100

17,990,234

100

15,633,540

100

5110

10,722,631

59

9,377,093

60

7,267,603

41

6,256,447

40

4,198,453
369,909
68,102
4,636,464

23
2
1
26

3,848,244
399,874
86,106
4,334,224

25
3
28

2,631,139

15

1,922,223

12

8,155
3,671

5,570
3,531

12,553
9,690
23,947

4,617
22,876

6,409
18,213

12,191
21,070

82,638

69,855

5910

6100
6200
6300
6000

6900

7110
7122
7130
7140
7210
7310
7480
7100

-107-

7510
7521
7530
7540
7560
7630
7880
7500

13,430

1,537
24,933

12,061
38,108
3,284

19,993
9,941

146,905
16,480

1
-

93,593

300,071

2,620,184

15

1,692,007

11

450,100

382,067

2,170,084

12

1,309,940

1,678

$ 2,171,762

12

$ 1,309,940

$ 2,130,586
41,176
$ 2,171,762

12
12

$ 1,290,209
19,731
$ 1,309,940

8
8

9750

9850

$ 7.00
$ 6.99

$ 5.79
$ 5.78

6,393

9300
91

8900

23,759

8110

9601

9602

76,840

7900

9600

$ 4.54
$ 4.53

$ 3.50
$ 3.50

-108-

-109-

15,672

3,225,230

20,373

$ 3,709,015

4,701

2
15%

483,785

3,275

13,574

13,570

4,361

$
12,397
$
9,209
$

16,046

$ 3,209,184

1.4
0.5%

33,947

4,701

29,242

3,275

4,361

21,606

(
(
(

(
(
(

$ 2,622,369

2,130,586

129,021 )
645,046 )
483,785 )

1,749,635

1,290,209

70,555 )
449,286 )
16,046 )

(
(

(
(

$ 3,445,609

2,130,586

645,046 )
483,785 )

2,443,854

1,290,209

449,286 )
16,046 )

($

39,756 )

135,155 )

95,399

40,299 )

823,240

129,021
-

694,219

70,555
-

$ 623,664
$ 995,313
$ 1,618,977

21,398

1,792 )

11,350

11,840

32,041

31,491

$ 135,698
($
51,692 )

23,134

23,134

($

($

16,406 )

1,792 )

135,155 )

11,350

109,191

32,041

40,299 )

31,491

85,958

$ 7,172,165

1,792 )

135,155 )

2,130,586

4,701

11,354

645,046 )
-

5,807,517

32,041

40,299 )

1,290,209

3,275

35,852

449,286 )
-

$ 4,935,725

21,182 )

21,182 )

$
23,134
($
21,182 )

148,993

4,992 )

41,176

112,809

51 )

19,731

$
93,129

$ 7,321,158

4,992 )

1,792 )

135,155 )

2,171,762

4,701

11,354

645,046 )
-

5,920,326

51 )

32,041

40,299 )

1,309,940

3,275

35,852

449,286 )
-

$ 5,028,854

$ 2,171,762
178,529
14,837
13,430
19,993
(
9,690 )
(
11,016 )
2,860
34,500
-

$ 1,309,940
200,336
16,475
6,393
146,905
38,108
7,444
550
45,414
26

(
(
(

3,574 )
782,135 )
5,701 )
4,344
(
107 )
83,696
10,692
(
218,263 )
(
178 )
339
156,480
157,629
174,356
15,507
19,180
4,028
2,031,498

( 3,485,565 )
3,642,812
21,011
2,400

-110-

(
(
(
(
(
(
(
(

5,723
158,556 )
12,188 )
448,986 )
14,993
9,480 )
477
447 )
36,018
119,669 )
169,714
39,720 )
89 )
1,232
1,210,613

( 4,630,612 )
4,542,494
(
6,760 )
66,208
-

($
6)
(
228 )
(
177,666 )
20,198
(
44,254 )
(
15,785 )
(
272 )
(
13,092 )
(
50,447 )

(
(
(

908,514 )
78,419 )
4,481
640,345 )
4,937 )
1,627,734 )

1,908 )

($
7)
264
(
204,694 )
12,827
(
5,701 )
37,271
(
4,736 )
(
193,446 )

(
(
(
(

273,092
164,000 )
656,821 )
3,783
446,011 )
989,957 )
3,746

351,409

30,956

406,367

375,411

$ 757,776

$ 406,367

$ 25,980
$ 258,062

$ 81,465
$ 456,322

$ 3,641,039

$ 4,544,267

1,773

$ 3,642,812
$ 169,252

-111-

1,773 )
$ 4,542,494
$ 245,338

(
(
(

54,933
140
552

45,862 )
320 )
1,029 )
$ 177,666

20,198

12,442

(
(
(

20,186

14,981
-

54,933 )
140 )
552 )
$ 204,694
$

12,839

12

(
$

12 )
12,827

9,044

3,343

15,785

$
$
$ 129,507
$
451

3,343 )
5,701

$
$
$
$

26,586
54,632
-

-112-

!
! !

! !

100.0%
100.0%

14,690
146,900
9,690
10

96,900
100.0%
100.0%

! !

52.0%
52.0%

34,959
349,590

0.7
7
6
97.1%
97.1%

1,193
11,930
3,000
10
30,000

95.3%
97.1%

-113-

Accession Limited

Accession
Limited

100.0%
100.0%
! !
Accession Limited

3,000
9,500 10,500
50,000
1

3,000
9,500
10,500
50,000
100.0%
100.0%

20,501
64,894
71,695
341,316

100.0%
100.0%

10,000

! !
! !
1,975 1,891
!
! !

! !

! !

-114-

! !

! !

! !

! !

! !

! !

-115-

! !
! !

! !

! !

! !

! !

! !

-116-


! !

! !

! !
! !
! !

! !

! !

! !

! !

-117-


! !

! !

! !

! !

! !
! !

! !

! !

! !

! !

-118-

! !

! !

!
! !

1,678

! !
( )
( )
( )

$ 11,891
187,838
164,685
393,362
$757,776

$ 9,881
180,634
205,865
9,987
$ 406,367

!
! !

-119-

! !

! !

! !

600

! !
$
5,858
$ 6,286
$
428
10
! !
99
105
(
6)

250

! !
$
1,943
$ 1,980
$
37

! !
10,308 8,781

! !
6,409 12,191

!

$ 60,932
1,773
258,090
29,353
350,148
( 320,795 )
$ 29,353

-120-

$ 65,785
1,659
404,367
32,629
504,440
( 471,811 )
$ 32,629

! ! 1,000
3.00%
! ! !

$ 525,057
844,289
284,470
801,027
45,750
2,500,593
(
34,698 )
$ 2,465,895

! !


! !

$ 688,135
720,139
97,269
1,079,016
50,700
2,635,259
(
39,884 )
$ 2,595,375

! ! 2,236
16,888 39,327 358
157,830
18,179 54,018 1,374
!

$ 72,080

$ 74,676

42,229

60,629

26,586

26,586

26,279
15,732
15,681
11,933
9,600

30,000
20,000
15,681
18,010
9,600

6,219
5,697
5,022

8,603
5,697
7,422

Walden VC II, L.P.

AsiaVest Opportunities
Fund IV

iGlobe Partners Fund, L.P.

Techgains Pan-Pacific
Corporation

-121-

VantagePoint
Communications
Partners, L.P.

IPCore Technologies
Corporation

Authenex, Inc.

Octamer, Inc.

Connectcom Solutions, Inc.

Taiwan Special
Opportunities Fund III

3,935
1,415

4,287
1,415

1,045
-

$242,408

$283,651

! !

AsiaVest Opportunities Fund
IV

Walden VC II, L.P.

Techgains Pan-Pacific
Corporation
Taiwan Special Opportunities
Fund III

Silicon Valley Equity Fund, L.P.

II

-122-

7,659
4,268
3,721
2,596

49,000

1,749

54,049
15,254
12,696

10,133
4,578



Walden Media and Information
Technology Fund, L.P.

$ 19,993

822
373
$146,905

! ! Walden VC II, L.P. VantagePoint

Communications Partners, L.P. iGlobe Partners Fund, L.P.
AsiaVest Opportunities Fund IV

250
!

! ! Standard Industries, LLC

! ! Renewable Resource
Technology (Cayman)
Co., Ltd. (RRT)

$ 28,342

50.0%

$ 33,047

50.0%

1,510
$ 29,852

35.5%

13,065
$ 46,112

35.5%

( $ 1,884 )
( 11,546 )
( $ 13,430 )

($
(
(
($

! !
Standard Industries, LLC
RRT

3,234 )
49 )
3,110 )
6,393 )

! !
23.4%
20%

! ! RRT

-123-

$ 46,943
11,048
57,991

$ 46,943
10,820
57,763

3,435
$ 54,556

3,131
$ 54,632

! !
! ! ! !
! !

! !

! !
228

! !

$ 606,388
1,913,058
283
228,372
$ 2,748,101

$ 575,560
1,853,434
41
237,510
$ 2,666,545

! !

! ! 143 129
0.58%-1.00% 1.00%-2.05%
!
!
! !
! !
! !
! !
! !

$139,909
12,442
451
(
1,683 )
151,119

$131,390
9,044
(
525 )
139,909

-124-

$130,827
9,135
(
1,625 )
138,337
$ 12,782

$ 120,349
10,993
(
515 )
130,827
$ 9,082

$168,246
148,837
317,083

$ 53,413
129,133
182,546

47,229
$269,854

32,896
$ 149,650

! !
! !
! !
! !

! !
! ! ! !
! !

! !
! !

! !

$ 25,388
3,124
937

1.2%- 1.2125%

1%

88,224
-

-125-

10,000

$ 224,433
-

$ 1,060,484
96,385

36,997

92,830

$ 349,654

11,500
$ 1,271,199

$ 47,500

$ 75,000

88,224

95,079

4.59%- 5.35%

4.37%-4.86%
4.62%

5.35%
4.13%

1.5%

1.72% 2.22%

3,000

1.059%
2.196%
375
1,875

1.303%
1.29%

11,028
146,752
( 21,028 )
$125,724

-126-

59,424
229,503
( 57,539 )
$171,964

! !
1,425,650

$489,606

$452,061

32,147 )
10,423 )
328
( 37,947 )
4,868
(
3,112 )
411,173

( 106,795 )
35,952
( 37,983 )
16,966
( 19,389 )
340,812

38,358
2,581
7,221
345
(
594 )
3,451
63,905
( 80,767 )
4,518
450,191

17,487
1,277 )
48,074 )
23,573
628 )
10,823 )
106,506
41,350 )
4,159 )
382,067

! !
! !
! !
! !

! !
! !
! !
! !
! !
! ! ! !
! !
! !

(
(

91 )
$450,100

(
(
(
(
(
(

$382,067

! !

! !

-127-

! !

!
! !
! !
! !
! !
! !
! !

! !
! !
! !
! !
! ! ! !

! ! ! !
! !
! ! ! !

! !
! ! ! !
! ! ! !
! ! ! !

! ! ! ! ! !
! ! ! !

$ 37,577
2,485
7,310
4,099
12,328
63,799
( 41,734 )
22,065

$ 17,600
2,823
7,901
2,771
14,623
45,718
( 23,920 )
21,798

$ 22,065

5,972
2,081

240,666
5,395
254,114
(
9,721 )
$244,393

257 )
$ 21,541

$ 78,761
4,325
274,048
5,369
362,503
( 83,086 )
$279,417

! !

! !

$
$
$
$ 5,411

45,526
2,642

20,688
25,996
1,259

1,811

97,936
1,049

49,767
2,154

1,931
$ 147,703
$ 20,688
$ 73,333
$ 14,446

-128-

! !

! ( )

$ 2,485
$ 2,485

352
352

241
241

$ 3,078
$ 3,078

! ( )

$ 1,488
$ 1,488

! !

! !

$
1,963
2,620,406
$ 2,622,369

$
1,963
1,747,672
$ 1,749,635

! !
341,799 544,481
! !
24.59% 37.21%

-129-


! ! 54,143
10,828.6 5
Euro MTF Market

! !
! ( )

! ( )
! !

! ! 26,845
16,257 19,175
11,612
1.4% 1%

! !

-130-

! !

$129,021
$ 70,555
645,046
449,286
$ 2.00
$ 1.40
483,785
16,046
1.50
0.05

! !

$ 16,257
11,612

! ! ! !

$ 16,257
$ 11,612

16,257
-

11,612
-

$ 10,368
6,350

$ 10,368
$
6,350

8,443
1,925

6,350
-

! !
1,925

! !

2,351
352
2,703

2,339

12

2,351

! !

-131-

! !

2,703

$ 21,182

$ 204,907

2,351

$ 21,182

$ 103,899

! !

! !

! !

! !

! !

! !

! !

$ 2,576,116

$ 2,130,586

368,198

530

$ 2,576,116

$ 2,130,586

$ 1,672,272

$ 7.00

$ 5.79

368,728

$ 6.99

$ 5.78

$ 1,290,209

368,198

$ 4.54

$ 3.50

613

$ 1,672,272

$ 1,290,209

368,811

$ 4.53

$ 3.50

! !

-132-

! !
4.03 3.50
4.02 3.50

! !

25,405
24,000
! !

! !

$ 504
$ 11,467
381
8,192
( $ 5,643 )
( 1,291 )
( 6,934 )
2,264
$ 885
$ 14,989

$ 495
$ 11,304
496
10,117
( $ 2,542 )
( 7,247 )
( 9,789 )
1,107
$ 991
$ 12,739

! !

! !
! !
! !
! !
! !

$ 16,037
16,037
1,487
17,524
17,524
2,462
$ 19,986

$ 42,941
256,576
299,517
111,326
410,843
( 343,281 )
67,562
(
7,589 )
(
58,403 )
826
$ 2,396

$ 18,511
18,511
530
19,041
19,041
60
$ 19,101

$ 26,450
272,014
298,464
111,059
409,523
( 340,896 )
68,627
(
8,471 )
(
61,729 )
869
($
704 )

$ 19,750

$ 53,375

$ 19,250

$ 32,554

-133-

! !

2.00%
2.00%
3.00%
1.00%-3.00%

2.00%

2.00%
2.00%
3.00%
2.00%-3.00%

2.00%

2.00%

1.00%-2.00%

! !

19,129 15,817

! ! ! !
! !
! !
! ! ! !

$
$
$

! !
! !

425,968
29,197
21,538
91,237
567,940
121,713
2,932

$
$
$

599,505
33,998
38,870
53,916
726,289
53,606
11,905

$
$
$

3,210
-

! !
! !

$
$
$

361,691
25,959
18,131
72,389
478,170
121,498
2,685

-134-

$
$
$

666,050
33,276
35,416
50,271
785,013
75,226
13,790

$
$
$

3,612
-

$ 1,025,473
63,195
60,408
145,153
$ 1,294,229
$ 178,529
$
14,837

! ! ! !
! !
! !
! ! ! !

$ 1,027,741
59,235
53,547
122,660
$ 1,263,183
$ 200,336
$
16,475


! ( )

! ( )

1.

2.

5,701

107

3.

4. ! !

5.

$ 25,380

990

3,274

3,041

! !
! !

! ( )

$ 49,339

$ 37,006

! !

$
-

$ 92,830

44,812
753,438
$798,250

2,700
829,885
$925,415

-135-


! !

! ( )

! ( ) 1,300 1,000

! ( ) 76,000
! ( )

$ 17,627
16,630
1,469
1,380
1,428
2,618

! ( )

-136-

3,122
1,041

! ( )

2,886
2,886
2,886
2,886
2,886
10,343

! ( )

7,156
3,551
2,398
2,072
2,072
11,739

! ( )

! !
! !
! !

! !
! !
! !
! !
! !

! !

$ 757,776

$ 757,776

$ 406,367

$ 406,367

320,795
13,804
3,207,961
5,701
36,552

320,795
13,804
3,207,961
5,701
36,552

471,811
10,230
2,483,379
43,928

471,811
10,230
2,483,379
43,928

107

107

29,353

29,353

32,629

32,629

-137-

! !

! !

! !
! !
! !
! !
! !
! !

! !

$ 242,408

$ 283,651

29,852

46,112

349,654
3,820
916,731
69,065

$ 349,654
3,820
916,731
69,065

1,271,199
3,500
766,112
61,518

$ 1,271,199
3,500
766,112
61,518

146,752

146,752

229,503

229,503

1,349

1,349

692

692

! ( )
1.

2.
3.

4.

5.

! ( )
587,400 243,481
262,779

-138-

1,363,470
234,976 137,924
5,000
! ( )
2,693 33,011

4,485 970
11,350
31,491
! ( )
1. !
! !

!
2.
! !

3.
! !

-139-

4.
! !
234,976

1%
2,350
! !
! !

! ! ! !
! ! ! !
! ! ! !
! !

! ! ! !

! ! ! !

! ! ! !
! ! ! !
! ! ! !
! !
! !

7,315
0.7
53
326,189

29.13-29.41
38.92
29.68
4.44

$ 213,955
29
1,577
1,448,442

4,217

29.13

1,025

6,669
230
173
90,869
3

5,228
1,001
2,482
221,170

31.69-31.99
46.10
28.79
4.64

$ 167,236
46,138
71,466
1,026,560

122,829

3,030

31.99

96,930

29.13

29,852

1,441

31.99

46,112

29.13-29.41
38.92
29.68
4.44
31.07

196,042
8,944
5,148
403,505
107

5,893
41
614
293,811
3

31.69-31.99
46.10
28.79
4.64
31.03

187,085
1,874
17,673
1,363,725
98

! ( )
1.
2.
3.
4.

5.

-140-

6.

7.

8.

9.
! ( )
! ( )
! ( )

! ( )
! !

! ( )
! !

$ 5,445,914

$ 5,445,914 $
($
18,509 ) ( $

$ 3,636,724

$ 4,774,175

$ 12,544,320

1,245,398
- $ 13,789,718
391 ) $ 2,641,813

212,493

$ 6,673,992

$ 10,859,365

999,350

-141-

$ 17,990,234

( 1,245,398 )
( $ 1,245,398 ) $ 17,990,234
$
8,226 $ 2,631,139
82,638
(
93,593 )
$ 2,620,184
($
2,258 ) $ 10,520,951

$
(

999,350 )

$ 15,633,540
-

$ 4,774,175 $
- $ 11,858,715 ( $ 999,350 ) $ 15,633,540

($
5,221 ) ( $
453 ) $ 1,930,718 ( $
2,821 ) $ 1,922,223

69,855

(
300,071 )

$ 1,692,007

$ 3,092,540 $ 226,009 $ 6,297,361 ( $

7,204 ) $ 9,608,706

A cce ss i o n L i mi te d

! ( )
! !
10%
! ( )
! ! 10%

$ 3,425,560
19.0

-142-

$ 2,778,423
17.8

-143-

232,228

$ 1,421,164

$ 1,421,164

Accession Limited 100% 1,421,164 1,421,164 100%

(2) 2

(1) 1

256,304

Accession Limited $

0 Accession Limited 1

-144-

(3)

(2)

(2)

5,408,421 (

5,408,421 (

$ 5,408,421 (
2,070,705

15,000

$ 520,000
475,547

$ 120,000

$
-

100% 6,760,526 6,760,526 100%

80% 5,408,421 6,760,526 80%

(6)

(5)

(4)

(3)

(2)

(1)

7%

2%

6,760,526 ()

6,760,526 ()

$ 6,760,526 ()

0 1

-145-

!
!
!
!

! !

! !

! !

! !

! !

! !

! !
! !
! !

!
!
!
!

979,564
$
14,448

60,751
4,502

DB 2009-1
100
29,353

Accession Limited
123,600,000
2,838,230

30,000,000
510,231

15,000,000
173,035

Standard Industries, LLC
28,342

10,374,399
159,489

7,675,325
77,709
Renewable Resource Technology
363,333
1,510
(Cayman) Co., Ltd.

3,125,554
15,681

1,194,249
9,600

1,600,000
5,697

VantagePoint Communications
3,935
Partners, L.P.

Walden VC II, L.P.

72,080

iGlobe Partners Fund, L.P.

11,933

Techgains Pan-Pacific
500,000
6,219
Corporation

960,000
5,022

3,000,000
26,279

! !
! !
! !

158,900
76,988
1,510
15,683
17,682
4,332

52.0%
97.1%
35.5%
9.4%
0.3%
2.7%

4,713
4,700
27,932

0.8%
2.3%
1.9%

1.4%

2.1%

0.5%

2,838,230
513,231
377,941
28,342

100.0%
100.0%
100.0%
50.0%

$
14,448
4,502
29,353

-146-

Octamer, Inc.

! !

! !

! !

JF

! !

! !
! !
! !

! !

100.0%

18,410
1,415
18,009
20,510
30,027
204,907
5,216
24,509
12,257
8,156

131,000
1,619,840
1,479,299
2,372,497
2,703,252
53,500
731,609
206,000
386,532

0.2%

100.0%

2,393,636

0.7%

29,515
42,229

84,859
200

5,216
24,509
12,257
8,156

204,907

30,027

20,510

18,009

2,116

18,410

2,393,636

29,515

2,000,000
$
15,732
7.0%
$
15,262

2,424,242
5.5%

11,200
0.4%

907,815
8.8%

1,000,000
1.4%

674,000
0.9%

84,001
48,963
48,963

25,628
14,998
14,998

Accession Limited

PIMCO
AsiaVest Opportunities Fund IV

! !

Authenex, Inc.

! !

! !

! !

Accession Limited

! !

-147-

! !

! !

JF

! !

416,750
$
6,368
$
6,368

500,000
4,280
4,280

797,435
9,747
9,747

500,000
5,660
5,660

1,524,664
21,139
21,139

292,657
3,508
3,508

150,000
1,773
1,773

205,556
3,059
3,059

295,159
7,686
7,686

196,356
5,025
5,025

8,297,000
23.7%

719,524
10,486
10,486

200,665
3,103
3,103

437,537
5,348
5,348

180,495
2,503
2,503

1,564,000
2.1%

2,000,000
2.8%

3,600,000
26,586
16.4%
13,312

! !

-148-

JF

ING

ING

Accession Limited

Accession
Limited

9,888,348

50,007
1,421,164
940,196

3,880,873
73,600,000
-

28,857 88,513

27,667 132,325

8,334,826

50,000,000

7,641,221

10,557,761

14,638,378

17,941,436

15,059,256

9,185,352

16,904,623

7,237,030

40,003

2,564,694

9,965,745

11,453,346

83,001

6,942,686

10,487,298

43,005

3,224,515

19,234,836

8,706,931

/
7,459,799 $

/
- $

1,570,810 6,248

1,570,810

125,000

1,577,058

128,500

98,600

152,500

212,000

248,000

247,000

141,000

256,000

113,000

145,000

137,000

140,000

221,000

110,000

7,515,851

8,334,826

11,522,094

10,557,761

14,638,378

17,941,436

15,059,256

9,185,352

16,904,623

9,801,724

9,965,745

18,396,032

13,711,813

19,234,836

8,706,931

/
115,000
7,459,799 $

95,016

128,508

148,658

152,510

212,018

248,049

247,032

141,004

256,054

153,028

145,017

220,030

183,031

221,021

110,020

117,370

94,989

159,992

128,500

148,607

152,500

212,000

248,000

247,000

141,000

256,000

153,003

145,000

220,001

183,005

221,000

110,000

27

51

10

18

49

32

54

25

17

29

26

21

20

16

2,372,497

123,600,000

2,393,636

30,027

2,838,230

/
115,006 $ 115,000 $
6 $
- $

-149-

! !

! !

522,598

709,245

28%

59%

55

55
-

78,167 )

50%

! !

$ 709,245
6%
$ 78,167
4%

55

! !

522,598
9%

55

-150-

Accession Limited
232,228

$
! !

Accession Limited

$! !
-

! !
! !

! !

! !
! !

600
!
$ 5,858
$ 6,286
$ 428
10
!
99
105
(
6)

! !
2,321
! !
1,376

-151-

-152-

Renewable Resource
Cayman Islands,
Technology (Cayman) British West
Co., Ltd.
Indies

U.S.A.

92,235

89,290
99,553

89,290
99,553

92,235

324,127

324,133

2,409,985

150,000
39,867

150,000
39,867

3,980,795

448,286

448,286

$ 3,930,777
$ 2,359,967
$

7,675,325
363,333

10,374,399

15,000,000

30,000,000

15,477 4,701

( 1,868) 545

100.0%

100.0%

97.1%
35.5%

52.0%

100.0%
50.0%

100.0%

123,600,000
100.0%
$

199,828 4,942

Accession
Limited

Tortola, British
Virgin Islands

Standard Industries,
LLC

Accession Limited

18,410

2,393,636

77,709
1,510

159,489

173,035
28,342

510,231

(
(

2,459 )

28,857 )

1,925 )
32,504 )

85,878

15,477
3,768 )

199,828

(
(

1,323 ) ()
11,546 )

10,776 ()
1,884 )

44,663

204,770 ()

2,838,230
( $ 27,667 )
( $ 27,667 )

-153-

92,235

3,980,795

$ 172,482

$5,104,577

5,443

18,410

2,393,636

2.(2)

4,034,074 53,279 Accession Limited

99,553 2,612 Renewable Resource Technology (Cayman) Co., Ltd.

(3) ! !

(2)

(1)

2.

1.

5.

4.

3.

2.

1.

2.
$ 96,941
$
$
$ 96,941
35.5%
( $ 11,436 )

3.
2,409,985
1,570,810
3,980,795
100.0%
( 28,857 )

5.
100.0%
(
2,459 )

$4,133,627

! !

45
$ 126

-154-

$ 126

-155-

1
1
1
1
1
1
1
1
3

1
1
1
1
1
1
1
1
1
1
3
3
3

! !
! !

! !
! !

! !

46,885
126
418
680,460
16,967
301,923
3,154
20
255,029

78,167
126
906
2,226
709,245
126
13,429
522,598
533
2,190
232,228
11
115

0.5%
4.4%
0.1%
1.9%
2.6%

0.7%
3.9%
0.1%
2.9%
2.2%
-

3.

2.

1.

2. 1

1. 0

Accession Limited

0
0
0
0
0
0
0
0
1

Accession Limited

0
0
0
0
0
0
0
0
0
0
1
2
2

-156-

255,794
1,553,223
(18,498)
(26,428)
1,764,091
397,134
477
1,832
399,443
483,785
4,705
1,001,755
(135,155)

3,409,102
3,664,896
8

2,436,854
3,990,077
64

1,004,865
986,367
(2)

429,950
403,522
(6)

7,280,771
9,044,862
24

1,419,202
1,816,336
28

552
1,029
86
53,500
55,332

1,473,254
1,872,697
27

3,225,230
3,709,015
15

29,242
33,947
16

2,443,854
3,445,609
41

95,399
(39,756)
(142)

0
0
0
0

(
11,840
21,398
9,558
81
)

23,134
23,134
0
0

(21,182)
(21,182)
0
0

5,807,517
7,172,165
1,364,648
23

1.

2.

3.
4.
5.

-157-


()

10,130,192

$11,849,947

1,719,755

17

96,484

91,091

(5,393)

(6)

304,000

334,993

30,993

10

9,729,708

11,423,863

1,694,155

17

5,652,061

6,553,315

901,254

16

4,077,647

4,870,548

792,901

19

2,268,539

2,499,660

231,121

10

1,809,108

2,370,888

561,780

31

19,262

241,912

222,650

1,156

156,098

36,684

(119,414)

(76)

1,672,272

2,576,116

903,844

54

382,063

445,530

63,467

17

1,290,209
2,130,586
840,377
65

1.
2.

3.

4.
()

-158-


()

(1)

(2)

$144,773

$2,303,825

( 3)

()
(1)(2)- (3)

$2,018,819

$429,779

1. 2,303,825

2. 1,374,540

3. 644,279
()
1.
2.

()
(1)

(2)

(2)-(1) / (1)

99.60

126.84

27.35%

221.83

227.29

2.46%

12.99

18.76

44.42%

1.

2.

3.

()

(1)

(2)

$429,779

$1,665,815

()

(3)

(1)(2)-(3)

$33,338

$2,062,256

-159-

1.
(1)

(2)
(3)
2.

()

99

100

101

102

100

$297,139

$80,143

$216,996

$-

$-

()
1.
2.

99
()

($28,857)

$199,828

-160-


( )
1.: 99 0.0117%

2.: 99 (0.1913%)

3.: 100 2 CPI 0.80%

CPI 1.6(0.7) 4.9

5.5 3.6 4.3 1.21

()
99

()

18.9% 1,663 100

()
2009 5 2013
2009 IFRS

()
ERP

()
GMP CAS
ISO22000

()
()
()

()

-161-


()
()

()
1.

2.

(1)

(2)

(3)

-162-

1.99
(1)

100.0%

100.0%

97.1%

100.0%

100%

Accession Limited

100%

52.0%

-163-

-164-

199,471

75.07.30 6

97.05.28

20,000

(3)
(4)

Accession Limited

150,000

86.04.28 136 5

Portcullis TrustNet Chambers, P. O. Box

89.05.17 3444,Road Town, Tortola , British Virgin 123,600
Islands

124,500
90.09.11 1128

79,070

87.03.24 136 5

300,000

88.04.12 136 5

(2)

-165-

(5)

15,000,000

15,000,000

7,675,325

100.00%

100.00%

97.07%

97.07%

7,675,325

100.00%

100.00%

30,000,000

30,000,000

-166-

Accession Limited

Accession Limited

20,000

124,500

123,600,000

100.00%

100.00%

100.00%

0.38%

52.01%

10,374,399

75,517

-16792,235

18,423

13

18,410

2,393,636

2,838,230

305,577

377,941

79,312

513,231

1,056

5,444,959

520,313

17,793

13,429

1,832,113

(2,467)

(16,042)

(391)

73,096

15,485

(1,991)

200,673

()

(2,459)

(28,857)

(27,667)

85,878

15,477

(1,925)

199,828

(0.26)

4.43

1.03

(0.24)

6.66

()
()

() ()

()99 104 ~ 155

3,636,722 1,243,086

3,980,795

128

114,508

420,085

199,471

114

2,838,358

378,055

150,000

4,606

3,930,777

83,918

79,070

317,728

Accession Limited

830,959

300,000

(6)

-168-

150,000

100%
-

11,694
352,598

98
99

90

9,960

89

2,163,000
16,244

166,000
4,938

89

:;;%

21,182

2,703,252


()
1.

(1)
1.1.()
1.2.
A.
B.
C.

1.3.
(2)
2.1.
A.

B.
2.2.
A. 94

B.
2.

()

()
1
1
1
()
99/04/06
,,
,
,

-169-