PDF《WUHAN BOILER CO., LTD.》

227 227 (454) - Balance at

31 December

1999 297,000 89,890 54,741 5,296 5,296 35,506 487,729 *Pursuant to a document Cai Hui Zi (1999) [35] promulgated by the Ministry of Finance, the Company has adopted the accounting standards for changes in accounting policies in respect of provisions for bad and doubtful debts and permanent diminution in value of investments with effect from

1 January

1999 in the PRC statutory financial statements. Also the Company has changed the revenue recognition method for construction contracts from the completion method to the percentage of completion method in the preparation of the PRC statutory financial statements. These changes in accounting policies have been accounted for in the statutory financial statements retrospectively. The changes have the effects of an increase in statutory surplus reserve fund and statutory public welfare fund as of

31 December

1998 by approximately RMB185,000 each and a decrease in retained earnings as of that date by approximately RMB370,000. . Changes in Share Capital and Particulars about the Principal Shareholders 1. Changes in Share Capital In Share Changes (+ / -) this year Before the change Shares allotted Bonus shares Public reserve capitalization Shares issued additionally others Sub- total After the change 1. Shares not in circulation (1) Promoters'

shares Including: Stated-owned shares Domestic legal person shares

172000000 172000000 Foreign legal person shares Others (2) Legal person shares placed (3) Employees'

shares (4) Preference shares or others Including: Shares allotted and capitalized Total of shares not in circulation

172000000 172000000 2. Shares in circulation (1) Ordinary shares (in RMB) (2) Domestically listed foreign shares

125000000 125000000 (1)Foreign investment shares listed abroad (2) Others Total of shares listed

125000000 125000000 3. Total shares

297000000 297000000 2. Issuance and Listing On March 20, 1998, the Company placed B-shares to foreign investors at the issuance price of HKD 1.496 per share with total volume of 125,000,000 shares. The shares were listed in Shenzhen Stock Exchange for trading on April 15,

1998 with the stock code of 2770. 3. Particulars about the Shareholders: (1) Ended this report period, the Company had totally

2715 shareholders, including

1 legal person share shareholder. (2) Particulars about shares held by the top ten shareholders No. Shareholders Shares held (In Share) Proportion in total shares (%)

1 WUHAN BOILER GROUP CO., LTD 172,000,000 57.9

2 FANG JING WEN 8,079,188 2.72

3 GUANGBO INVESTMENT CO., LTD 2,600,000 0.88

4 MULTI-NATIONAL CO., LTD. 2,300,000 0.77

5 SHANGHAI SHENYIN SECURITIES (HK) LIMITED 2,140,000 0.72

6 Guomeng Investment Co., Ltd. 2,012,000 0.68

7 HKIT/006-104483-478 2,000,000 0.67

8 MAXFORM ENTERPRISES LTD 1,880,000 0.63

9 NEW JAPAN SECURITIES INTERNATI ONAL (HK) LTD 1,854,200 0.62

10 DA WEI ZHANG 1,652,800 0.57 The shareholder holding over 5% (including 5%)........