VMEP HOLDINGS 00422·

Gross margin ------------------------------------------------------------6.30%--10.20%3.90%14.73%4.53%8.98%5.75%8.68%0.30% Net margin -------------------------------------------------------------5.99%---0.15%5.84%1.60%1.75%-4.74%6.34%5.34%10.08% ROE -------------------------------------------------------------10.59%---0.39%10.20%3.30%3.69%-8.55%11.85%67.34%75.89% ROA -------------------------------------------------------------4.90%---0.16%4.74%1.59%1.75%-3.72%5.31%4.48%8.20% Revenue growth ----------------------------------------------------------------56.07%---19.54%75.61%-21.68%2.14%4.85%26.53% Attributable profit growth ----------------------------------------------------------------96.07%--955.91%859.84%-331.40%1287.31%218.18%549.58% Debt-to-assets ------------------------------------------------------------53.75%--59.94%6.19%51.80%8.14%56.48%4.67%53.25%3.23% Current ratio ------------------------------------------------------------1.75--1.600.151.850.251.700.151.830.13 Operating cash flow / net profit ------------------------------------------------------------0.86---1.622.47-2.020.41-2.470.45-2.400.07 Operating cash flow / revenue -------------------------------------------------------------5.13%--0.24%5.38%-3.24%3.49%11.71%14.95%-12.83%24.54%

Gross margin 11.59%--9.97%--6.78%4.81%7.28%2.69% Net margin 0.09%---2.11%---3.77%3.86%-4.30%2.19% Revenue growth ---------18.90%---13.59%-- Attributable profit growth ---------3447.14%---75.91%-- Debt-to-assets --------48.51%------ Current ratio --------2.10--2.03-- Operating cash flow / net profit ----7.13-------2.439.56 Operating cash flow / revenue -----15.06%------10.46%25.52%

Revenue ------------------------------------------------------------593.06M--925.59M56.07%744.73M19.54%583.26M21.68%611.56M4.85% Other income and gains ------------------------------------------------------------2.78M--7.99M187.99%7.30M8.69%4.77M34.64%79.20M1559.89% Gross profit ------------------------------------------------------------37.36M--94.42M152.75%109.71M16.19%52.38M52.26%53.07M1.32% Selling and distribution expenses ------------------------------------------------------------33.07M--43.33M31.05%41.90M3.31%30.19M27.95%29.51M2.27% Administrative expenses ------------------------------------------------------------44.78M--49.17M9.79%56.10M14.10%47.40M15.51%44.55M6.02% Net finance costs ----------------------------------------------------------------14.55M--20.76M42.65%18.41M11.33%23.47M27.48% Income tax ------------------------------------------------------------22.56K--1.09M4737.50%1.22M11.42%2.30M89.14%16.02M596.65% Operating profit -------------------------------------------------------------42.06M--4.52M110.76%13.30M194.02%-20.44M253.68%58.21M384.78% Share of associates and JVs ------------------------------------------------------------175.22K--25.51K85.44%186.64K631.58%-500.00K367.90%356.31K171.26% Profit before tax -------------------------------------------------------------35.53M---304.12K99.14%13.16M4426.77%-25.34M292.54%48.68M292.14% Net profit -------------------------------------------------------------35.50M---1.40M96.07%11.94M955.92%-27.64M331.40%32.66M218.18% Net profit attributable to owners -------------------------------------------------------------35.50M---1.40M96.07%11.94M955.91%-27.64M331.40%32.66M218.18%

Revenue 46.60M--66.68M--37.79M18.90%57.62M13.59% Other income and gains 564.24K--767.96K--319.74K43.33%286.39K62.71% Cost of sales 41.20M--60.03M--35.23M14.49%53.42M11.01% Gross profit 5.40M--6.65M--2.56M52.56%4.20M36.89% Selling and distribution expenses 1.94M--2.96M--1.88M2.83%3.00M1.34% Administrative expenses 3.12M--4.65M--2.71M13.12%4.00M13.99% Net finance costs 704.48K--954.99K--539.23K23.46%1.06M11.46% Income tax 59.84K--105.01K--102.28K70.94%128.11K22.00% Operating profit 902.97K---196.91K---1.71M289.91%-2.52M1180.26% Share of associates and JVs 29.21K--43.71K--40.08K37.20%79.66K82.27% Profit before tax 102.43K---1.30M---1.32M1389.46%-2.35M80.26% Net profit 42.60K---1.41M---1.42M3440.85%-2.48M75.92% Net profit attributable to owners 42.52K---1.41M---1.42M3447.14%-2.48M75.91%

Cash and cash equivalents ------------------------------------------------------------322.51M--385.12M19.41%382.33M0.73%102.64M73.15%29.28M71.48% Trade and bills receivables ------------------------------------------------------------164.35M--256.29M55.94%147.18M42.57%135.76M7.75%19.59M85.57% Inventories ------------------------------------------------------------188.03M--180.74M3.88%161.86M10.45%160.25M1.00%21.09M86.84% Total current assets ------------------------------------------------------------675.11M--822.16M21.78%691.37M15.91%687.00M0.63%99.61M85.50% Total assets ------------------------------------------------------------724.96M--884.64M22.03%751.51M15.05%742.98M1.14%729.22M1.85% Total current liabilities ------------------------------------------------------------385.19M--513.75M33.37%373.59M27.28%404.70M8.33%54.57M86.52% Total liabilities ------------------------------------------------------------389.66M--530.27M36.09%389.32M26.58%419.63M7.78%388.28M7.47% Equity attributable to owners ------------------------------------------------------------335.28M--354.35M5.69%362.16M2.20%323.32M10.72%48.50M85.00% Total equity ------------------------------------------------------------335.31M--354.38M5.69%362.19M2.20%323.35M10.72%48.51M85.00%

Cash and cash equivalents --------23.30M--22.62M-- Trade and bills receivables --------16.46M--12.42M-- Inventories --------15.71M--16.35M-- Total current assets --------82.75M--84.16M-- Total assets --------82.75M------ Total current liabilities --------39.48M--41.45M-- Total liabilities --------40.14M------ Equity attributable to owners --------46.73M--46.26M-- Total equity --------46.73M--46.26M--

Net cash from operating activities -------------------------------------------------------------30.43M--2.26M107.42%-24.16M1170.37%68.28M382.64%-78.47M214.93% Net cash from investing activities -------------------------------------------------------------29.45M---29.89M1.47%69.16M331.41%-16.19M123.41%168.16M1138.86% Net cash from financing activities ------------------------------------------------------------26.26M--28.50M8.52%5.40M81.06%-66.64M1334.70%17.55M126.33% Net change in cash -------------------------------------------------------------33.62M--871.10K102.59%50.40M5685.64%-14.55M128.87%107.24M836.96%

Net cash from operating activities -----10.04M------6.03M160.04% Net cash from investing activities ----3.16M-------2.21M169.94% Net cash from financing activities ----7.37M-------10.72M245.45% Net change in cash ----488.90K-------6.90M1511.41%