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For the period: 1.1.2009 - 30.6.2009eta s: r a a ance - onso

09 OJE

09 AJE

2007 Annual Brought forward and reassess

Current year audit adjustment no. OJE #136 CLA #1 CLA #2 CLA #3 RJE#1 RJE#2 RJE#3 RJE#4 RJE#5

Year 2007 adjustment reference number

Balance per

mana ement account Difference

Balance per

PRC auditor re ort All O enin Ad Summar of OJE

To record the

bank balances of

&

rep. office as at

31 December

2008.

To record the

bank movement

for certain

bank account on

December 2008

To transfer the

additional cost for

rep. office CIP

ro ect as PPE.

To transfer the

additional

construction cost

of-

.

To recognize

certain mis-

recorded bills

payables balance

and their

corresponding

bank deposit

balance.

To reallocate the

restricted bank

balance as at 31

December 2008.

To realloca

accrued exp

and depo

received ba

as at 31 Dece

2008.

RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB

DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (C

BALANCE SHEET

Non-Current Assets

Investment - available for sales -

Prepayment for an investment in a subsidiaries - - - -

Investment in subsidiaries 20,415,600.00 20,415,600.00 20,798,208.00 20,798,208.00

Prepayment for an investment in an associate - - - -

Investment in an associate 3,750,000.00 3,750,000.00 - -

Other intangible assets - - - -

Property, plant and equipment 25,470,309.19 25,470,309.19 (31,178,224.80) (31,178,224.80)735,629.33

Investment properties - - 65,220,000.00 65,220,000.00

Construction-in-progress 54,809,563.64 54,809,563.64 (11,480,919.00) (11,480,919.00)(735,629.33) (3,437,495.31)

Prepaid lease payments on land use rights 2,149,375.19 2,149,375.19 (1,395,114.88) (1,395,114.88)3,437,495.31

106,594,848.02 106,594,848.02 41,963,949.32

Current Assets

Inventories 26,374,225.11 26,374,225.11 (17,845,238.84) (17,845,238.84)

Accounts receivables 68,155,253.70 68,155,253.70 21,752,307.29 21,752,307.29 (1,747,436.99)

Amount due from customers for contract work - -

Other receivables 79,888,906.17 79,888,906.17 (3,679,606.45) (3,679,606.45) (216,885.01) (135,000.00)

Prepayment and deposits - - - -

Prepaid lease payments on land use rights -current - - - -

Amounts due from directors - - - -

Amounts due from related companies - - - -

Amounts due from immediate holding co - -

Amount due from holding company - - - -

Other deferred expenses - - - -

Financial asset at fair value through profit and loss - - - -

Tax recoverable - tariff 91,537.31 91,537.31 - -

Tax recoverable - -

Deferred tax asset - - 13,568,960.00 13,568,960.00

Bills receivable - - - -

Pledged bank balances - -

Restricted bank balances - - - - 1,005,200.00

Cash and bank balances 10,001,052.42 10,001,052.42 245,959.53 245,959.53 1,964,576.87 135,286.56 (1,005,200.00)

Intra-group current account (51,963,436.75) (51,963,436.75) 24,424,395.81 24,424,395.81

132,547,537.96 132,547,537.96 38,466,777.34

Current Liabilities

Accounts payable (37,254,781.18) (37,254,781.18) 1,677,735.50 1,677,735.50

Accrued expenses - - - - (3,940,383.83)

Accrued salaries + Welfare (506,511.29) (506,511.29) - -

Other payables (57,277,233.24) (57,277,233.24) 2,807,275.72 2,807,275.72 3,940,383.83

Receipt-in-advance - - (105,355.00) (105,355.00)

Amounts due to directors - - (561,997.00) (561,997.00)

Amount due to customers for contract work - -

Dividend payable - - - -

Short-term loan (107,000,000.00) (107,000,000.00) - -

Loan from substantial shareholders- - - -

Bank overdraft - - - -

Bills payable - - - -

Tax payable (1,972,088.16) (1,972,088.16) (7,382,959.00) (7,382,959.00)

Other tax payable (221,259.77) (221,259.77) (5,333,581.54) (5,333,581.54)

Amounts due to related companies - - - -

Amounts due to associate - -

Amounts due to ultimate holding company - - - -

Amounts due to group companies - - - -

(204,231,873.64) (204,231,873.64) (8,898,881.32)

Net current assets / (liabilities) (71,684,335.68) (71,684,335.68) 29,567,896.02

Non-Current Liabilities

Long-term payable - - - -

Deferred tax - - - -

Other loan - - - -

Long-term bank loan - -

Amount due to immediate holding company - -

Amount due to intra-group companies - - - -

- - -

Minority Interests 2,671,714.56 2,671,714.56

NET ASSETS / (LIABILITIES) 34,910,512.34 34,910,512.34 74,203,559.90

CAPITAL AND RESERVE

Share capital (45,861,500.00) (45,861,500.00) - -

Share premium - - - -

Capital reserve (431,116.18) (431,116.18) 4,333,515.14 4,333,515.14

Discretionary reserve - - (6,170,000.00) (6,170,000.00)

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Statutory reserve (6,150,000.00) (6,150,000.00) 6,130,000.00 6,130,000.00

Translation reserve - - - -

Dividend reserve - - - -

Retained profit 17,619,048.38 17,619,048.38 (78,497,075.04) (78,497,075.04) (254.87) (286.56) -

(profits) / losses for the year (8,600,257.61) (86,944.54) - - - - - - - - -

(43,423,825.41) (34,910,512.34) (74,203,559.90)

Control (8,513,313.07) - - 0.00 (0.00) - - - - -

INCOME STATEMENT

Turnover (143,432,874.31) (143,432,874.31) -

Cost of sales 109,611,050.64 109,611,050.64 -

VAT

Gross (profit) / loss (33,821,823.67) (33,821,823.67) - - - - - - - -

Other revenue (7,851,857.19) (7,851,857.19) -

Other expenses 7,598,052.97 7,598,052.97 -

Selling and distribution expenses 17,113,325.58 17,113,325.58 -

Administrative expenses 10,159,185.83 10,159,185.83 -

(Profit) / loss from operations (6,803,116.48) (6,803,116.48) - - - - - - - -

Impairment loss/ share of assoc loss -

Finance costs 254.87 8,495,524.96 -

Non-operating income (2,161,735.44) (2,161,735.44) -

Non-operating expenses 364,339.44 364,339.44 -

Net fair value increase on investment properties - - -

(Profit) / loss before taxation (8,600,257.61) (104,987.52) - - - - - - - -

Taxation -

(Profit) / loss after taxation (8,600,257.61) (104,987.52) - - - - - - - -

Minority interests - PL -

Net (profit) / loss for the year (8,600,257.61) (104,987.52) - - - - - - - -

Accumulated (profits) / losses brought forward 17,619,048.38 17,619,048.38 (78,497,075.04) (78,497,075.04) (254.87) (286.56)

Dividend - - -

Profits appropriations to statutory reserve - - -

Accumulated (profits) / losses carried forward 9,018,790.77 17,514,060.86 (78,497,075.04) (254.87) (286.56) - - - - -

Check digit - (18,042.98) - - - - - - - - -

8/13/2019 18977831-null

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Current year audit adjustment no.


BALANCE SHEET

Non-Current Assets

Investment - available for sales

Prepayment for an investment in a subsidiaries

Investment in subsidiaries

Prepayment for an investment in an associate

Investment in an associate

Other intangible assets

Property, plant and equipment

Investment properties

Construction-in-progress

Prepaid lease payments on land use rights

Current Assets

Inventories

Accounts receivables

Amount due from customers for contract work

Other receivables

Prepayment and deposits

Prepaid lease payments on land use rights -current

Amounts due from directors

Amounts due from related companies

Amounts due from immediate holding co

Amount due from holding company

Other deferred expenses

Financial asset at fair value through profit and loss

Tax recoverable - tariff

Tax recoverable

Deferred tax asset

Bills receivable

Pledged bank balances

Restricted bank balances

Cash and bank balances

Intra-group current account

Current Liabilities

Accounts payable

Accrued expenses

Accrued salaries + Welfare

Other payables

Receipt-in-advance

Amounts due to directors

Amount due to customers for contract work

Dividend payable

Short-term loan

Loan from substantial shareholders

Bank overdraft

Bills payable

Tax payable

Other tax payable

Amounts due to related companies

Amounts due to associate

Amounts due to ultimate holding company

Amounts due to group companies

Net current assets / (liabilities)


Long-term payable

Deferred tax

Other loan

Long-term bank loan

Amount due to immediate holding company

Amount due to intra-group companies

Minority Interests

NET ASSETS / (LIABILITIES)

CAPITAL AND RESERVE

Share capital

Share premium

Capital reserve

Discretionary reserve

Stay 2008-AJE

RJE#21 RJE#22 RJE#23 RJE#24 RJE#25 RJE#26 RJE#27 RJE#28 09-OJE#1 09-OJE#2 09-OJE#3 09-OJE#4 09-O

To reallocate the

depreciation

expenses to proper

accounts.

Being intra-group

current account

balance as at 31

December 2008

reallocated.

Being reallocate

of related

companies current

account balance as

at December

2008.

Being reallocate

of associates'

current account

balance as at

December 2008.

Being record

estimate AP

balance transfer

from

To record the

rental income

received from

on

behalf of

.

To reallocate the

CIP project

to

account.

To reallocate the

deferred tax

liabilities at 31

December 2008.

To reallocate AR

to AP

To reclass Cash

and bank to

restricted bank

balance

To adjust 2008

depreciation

char es for PPE.

To remove the

remaining cost of

and

representative

offices CIP

ro ects.

To reallocate

the land cost of

completed CIP

projects wrongly

booked as PPE.

To adjust the

amortization

charges for

Company's

prepaid lease

payament for year

2008.

To re

intra

compan

acc

wrongl

in Com

bo

RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB R

DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR

74,597.13 (157,319.00) (1,545,702.38)

(803,828.58) 157,319.00

589,476.83

5,223,400.00

15,492,144.38 4,241,323.89

1,052,548.00

72,516,000.00

(72,516,000.00) (3

- (15,326,637.82) 331,567.39 397,163.44 - (3,437,495.31) 1,545,702.38 3

(339,455.93) (5,223,400.00)

(294,843.40)

(57,707.51)

(165,506.56)

(36,723.99)

(1,052,548.00)

8/13/2019 18977831-null

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Statutory reserve

Translation reserve

Dividend reserve

Retained profit

(profits) / losses for the year

Control

INCOME STATEMENT

Turnover

Cost of sales

VAT

Gross (profit) / loss

Other revenue

Other expenses

Selling and distribution expenses

Administrative expenses

(Profit) / loss from operations

Impairment loss/ share of assoc loss

Finance costs

Non-operating income

Non-operating expenses

Net fair value increase on investment properties

(Profit) / loss before taxation

Taxation

(Profit) / loss after taxation

Minority interests - PL

Net (profit) / loss for the year

Accumulated (profits) / losses brought forward

Dividend

Profits appropriations to statutory reserve

Accumulated (profits) / losses carried forward

Check digit

(74,597.13) - - (589,476.83)

- - - - - -

- - (0.00) - - - - - - - - -

- - - - - - - - - - -

- - - - - - - - - - - -

- - - - - - - - - - - -

- - - - - - - - - - - -

- - - - - - - - - - - -

(74,597.13) - - (589,476.83)

- - - - - - - - (74,597.13) - - (589,476.83)

- - - - - - - - - - - -

8/13/2019 18977831-null

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BALANCE SHEET

Non-Current Assets











Current Assets

Inventories



Other receivables










Tax recoverable

Deferred tax asset

Bills receivable





Current Liabilities

Accounts payable

Accrued expenses


Other payables

Receipt-in-advance



Dividend payable

Short-term loan


Bank overdraft

Bills payable

Tax payable

Other tax payable







Long-term payable

Deferred tax

Other loan

Long-term bank loan



Minority Interests


CAPITAL AND RESERVE

Share capital

Share premium

Capital reserve


09-OJE#22 09-OJE#23 09-OJE#24 09-OJE#25 09-OJE#26 09-OJE#27 09-OJE#28 09-OJE#29 09-OJE#30 09-OJE#31 09-OJE#32 09-OJE#33 09-OJE#34 09-OJE#35 09-OJE#36 09-O

To recognize

yr 2008

unbilled sales

balance.

To adjust the cost

of material

purchase and

VAT for material

purchase from

using

estimation unit

rice.

To adjust the

cost of material

purchase and

VAT for

material

purchase from

which

already received

invoices.

To adjust

current year

provision for

obsolete stock

balance.

To record the

disposal of

CA7220E

.

To record the

rental income

receivable from

for

.

To record

current year

office admin.

Exp. payable to

Zhongda

Industry Group

Ltd.

To reverse client

entr -41

To reverse client

entr -42.

To reverse the

interest expenses

/ income

recorded in OJE

#120.

To reverse client

entry-

370.

To adjust client

entry-

123,-

922and-

12185

To transfer Yr

2008 unbilled

sales of repair

services income.

Being partly

reverse OJE

#132.

To adjust

previous year

unrecorded

administrative

ex enses.

To re

the ov

s

comm

exp

recorde

#6, 26

RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB R

DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR

(77,164.00)

(450,000.00)

(23,910.08)

450,000.00 341,530.00 609,343.78 200,000.00 1,810,000.00 1,068,851.62 87,510.60 (2,150,557.05) 1,93

(64,369.23) (956,502.80) - 35,727.20 3,000,000.00 (1,200,000.00)

1,569.23 138,979.04 - (155,303.23)

8/13/2019 18977831-null

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Statutory reserve

Translation reserve

Dividend reserve

Retained profit


Control

INCOME STATEMENT

Turnover

Cost of sales

VAT


Other revenue

Other expenses





Finance costs





Taxation





Dividend



Check digit

62,800.00 817,523.76 - 23,910.08 41,436.80 (3,000,000.00) 1,200,000.00 - (341,530.00) (609,343.78) (200,000.00) (1,810,000.00) (913,548.39) (87,510.60) 2,150,557.05 (1,93

- - - - - - - - - - - - - - -

- - - - - - - - - (0.00) - - (0.00) - -

- - - - - - - - - - - - - - -

- - - - - - - - - - - - - - -

- - - - - - - - - - - - - - -

- - - - - - - - - - - - - - -

62,800.00 817,523.76 - 23,910.08 41,436.80 (3,000,000.00) 1,200,000.00 - (341,530.00) (609,343.78) (200,000.00) (1,810,000.00) (913,548.39) (87,510.60) 2,150,557.05 (1,93

62,800.00 817,523.76 - 23,910.08 41,436.80 (3,000,000.00) 1,200,000.00 - (341,530.00) (609,343.78) (200,000.00) (1,810,000.00) (913,548.39) (87,510.60) 2,150,557.05 (1,93

- - - - - - - - - - - - - - -

8/13/2019 18977831-null

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BALANCE SHEET

Non-Current Assets











Current Assets

Inventories



Other receivables










Tax recoverable

Deferred tax asset

Bills receivable





Current Liabilities

Accounts payable

Accrued expenses


Other payables

Receipt-in-advance



Dividend payable

Short-term loan


Bank overdraft

Bills payable

Tax payable

Other tax payable







Long-term payable

Deferred tax

Other loan

Long-term bank loan



Minority Interests


CAPITAL AND RESERVE

Share capital

Share premium

Capital reserve


Different in treatme

NEW Keep, as client won

09-iAJE#3 09-iAJE#4 09-iAJE#5 09-iAJE#6 09-iAJE#7 09-iAJE#8 09-iAJE#9 09-iAJE#9b 09-iAJE#10 09-iAJE#11 09-iAJE#12 09-iAJE#13 09-iAJE#14 09-iAJE#15

Cancel Veri I/M Cancelled Ok Veri

Reversed in 09OJE#8 (one off

Reversal) OK Re ver One Off Reversal

One Off

Reversal

One Off

Reversal Veri One Off Reversal NA

To reallocate

the land cost of

completed CIP

projects wrongly

booked as PPE.

To adjust the

amortization

charges for

Company's

prepaid lease

payament for

interim 2009

To reallocate

intra-group

companies' bank

accounts

wrongly booked

in Companys

book.

To reverses year

2007 exchange

difference

recorded in OJE

# 81

To record

current year

exchange

difference on

bank foreign

currencies

accounts.

To reverseOJE

#131.

To reverse goods

delivered but not

recorded as sales in

2008 (Annual)

To record cost of

sales delivered

without billing the

customers (No

sales reco nised)

To reverse OJE

#82

To reverse OJE

#130

Being partically

reverse OJE

#129.

To record the

estimate AP

balance transfer

from

after

reassessment.

To reverse

estimated Ap

balance

transferred

in 08

YE

To reverse client

entry -6173,

7163,

8123,

10127.

To transfer certain

outstanding OP bala

as sundr income

RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB

DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR)

294,738.42

22,989,595.54 (20,868,000.00)

4,000,000.00 (3,988,788.95)

(4,000,000.00) 3,988,788.95

8/13/2019 18977831-null

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Statutory reserve

Translation reserve

Dividend reserve

Retained profit


Control

INCOME STATEMENT

Turnover

Cost of sales

VAT


Other revenue

Other expenses





Finance costs





Taxation





Dividend



Check digit

- - - - - - - - - - - - -

- (294,738.42) - - - - (22,989,595.54) 20,868,000.00 - - - - -

- - - - - - - - - - - - 0.00 -

(22,989,595.54) 20,868,000.00

- - - - - - (22,989,595.54) 20,868,000.00 - - - - - -

(294,738.42)

- (294,738.42) - - - - (22,989,595.54) 20,868,000.00 - - - - -

- (294,738.42) - - - - (22,989,595.54) 20,868,000.00 - - - - -

- (294,738.42) - - - - (22,989,595.54) 20,868,000.00 - - - - -

- (294,738.42) - - - - (22,989,595.54) 20,868,000.00 - - - - -

- (294,738.42) - - - - (22,989,595.54) 20,868,000.00 - - - - -

- - - - - - - - - - - - - -

8/13/2019 18977831-null

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BALANCE SHEET

Non-Current Assets











Current Assets

Inventories



Other receivables










Tax recoverable

Deferred tax asset

Bills receivable





Current Liabilities

Accounts payable

Accrued expenses


Other payables

Receipt-in-advance



Dividend payable

Short-term loan


Bank overdraft

Bills payable

Tax payable

Other tax payable







Long-term payable

Deferred tax

Other loan

Long-term bank loan



Minority Interests


CAPITAL AND RESERVE

Share capital

Share premium

Capital reserve


Bank interest not Bank interest not recorded (

09-iAJE#31 09-iAJE#32 09-iAJE#33 09-iAJE#34 09-iAJE#34b 09-iAJE#35 09-iAJE#36 09-iAJE#36b 09-iAJE#37 09-iAJE#38 09-iAJE#39 09-iAJE#40 09-iAJE#41 09-iAJE#42 09-iAJE#42b 09-iAJ

One off error

(I/M)

One off error

(I/M)

One off error

(Material) Veri Reversed I/M cancelled Veri Reversed

One-off

(cancelled)

One-off & IM

(cancelled) I/M leave Veri Veri Veri Reversed Ve

To reverse the

interest expenses

/ income

recorded in OJE

#120.

To reverse client

entry-

370.

To adjust client

entry-

123,-

922and-

12185

To adjust for Yr

2009 unbilled

sales of repair

services income.

To reverse

09OJE#34 (cut-

off error unbilled

sales of repair

services income

at 08 Y.E.

Being partly

reverse OJE

#132.

To adjust

unrecorded

administrative

ex enses.

To reverse

08YE

unrecorded

administrative

ex enses.

To reverse for

the overbooked

sales

commission

expenses

recorded in OJE

#6, 26, 43, 66,

83.

To reverse OJE

#127.

To reverse Yr

2009 rental

income received

in advance for

office.

To adjust the

-

.

To adjust for

unrecorded

interest income

from restricted

bank balance as

at 09 Interim

To reverse the

'09OJE42' (int

income from

restricted bk not

recorded at 08

Y.E.

To reco

estimated

expens

bank borr

from

Decembe

31 Decem

RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB RM

DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (CR) DR / (

1,068,851.62 (1,068,851.62) (2,150,557.05) 2,150,557.05 725,811.18 (725,811.18)

(246,

(155,303.23) 155,303.23

8/13/2019 18977831-null

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Statutory reserve

Translation reserve

Dividend reserve

Retained profit


Control

INCOME STATEMENT

Turnover

Cost of sales

VAT


Other revenue

Other expenses





Finance costs





Taxation





Dividend



Check digit

- - - - - - - - - - - - - - -

- - - (913,548.39) 913,548.39 - 2,150,557.05 (2,150,557.05) - - - - - (725,811.18) 725,811.18 246,

- - - - - - - - - - - - - - -

(913,548.39) 913,548.39

- - - (913,548.39) 913,548.39 - - - - - - - - - -

(725,811.18) 725,811.18

2,150,557.05 (2,150,557.05) 246,

- - - (913,548.39) 913,548.39 - 2,150,557.05 (2,150,557.05) - - - - - (725,811.18) 725,811.18 246,

- - - (913,548.39) 913,548.39 - 2,150,557.05 (2,150,557.05) - - - - - (725,811.18) 725,811.18 246,

- - - (913,548.39) 913,548.39 - 2,150,557.05 (2,150,557.05) - - - - - (725,811.18) 725,811.18 246,

- - - (913,548.39) 913,548.39 - 2,150,557.05 (2,150,557.05) - - - - - (725,811.18) 725,811.18 246,

- - - (913,548.39) 913,548.39 - 2,150,557.05 (2,150,557.05) - - - - - (725,811.18) 725,811.18 246,

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