{\rtf1\deflang1033\deflangfe1033\margl720\margr720\margt360\margb360{\stylesheet{\fs20\lang1033\snext0 Normal;} {\s1\sb240\keepn{\*\pn \pnlvl1\pndec\pnprev1\pnstart1\pnsp144}\b\f0\fs30\lang1033 \sbasedon0\snext0 heading 1;} {\s2\sb200\keepn{\*\pn \pnlvl2\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs26\lang1033 \sbasedon0\snext0 heading 2;} {\s3\sb180\keepn{\*\pn \pnlvl3\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 3;} {\s4\sb160\keepn{\*\pn \pnlvl4\pnucltr\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 4;} {\s5\sb140\keepn{\*\pn \pnlvl5\pncltr\pnprev1\pnstart1\pnsp144}\b\f0\fs20\lang1033 \sbasedon0\snext0 heading 5;} {\s6\tqc\lang1033\sbasedon0\snext6 footer;} {\*\cs16 \additive\super\sbasedon10 footnote reference;} {\*\cs18 \additive\sbasedon10 page number;}} {\fonttbl{\f0\fnil Times New Roman;}{\f1\fnil Courier New}{\f2005\fnil Courier New;}{\f2010\fnil Wingdings;}{\f2020\fnil Webdings;}{\f2\fnil Arial;}{\f3\fnil Arial;}{\f4\fnil LucidaHandwriting;}{\f5\fnil Symbol;}{\f6\fnil Symbol;}{\f7\fnil Ferdsch;}{\f30\fnil Myriad Cn Semibold;}{\f31\fnil Myriad Roman;}{\f50\fnil Courier New;}{\f51\fnil Times New Roman;}{\f52\fnil Arial;}{\f53\fnil Symbol;}{\f54\fnil Wingdings;}{\f55\fnil Wingdings 2;}{\f56\fnil Wingdings 3;}{\f57\fnil Webdings;}{\f58\fnil Arial Narrow;}{\f59\fnil Arial Unicode MS;}{\f60\fnil Cyberbit;}{\f61\fnil Morningstar 1U Light;}{\f62\fnil Calibri;}} {\colortbl;\red0\green0\blue0;\red127\green0\blue0;\red0\green0\blue255;\red127\green127\blue127;\red0\green51\blue153;\red255\green204\blue0;\red255\green255\blue255;\red246\green244\blue236;\red0\green0\blue0;\red207\green240\blue252;} {\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1}\par\pard\plain\cf1\f51\fs18\ql \~\par\pard\plain\cf1\f51\fs36\b\qc UNITED STATES\par\pard\plain\cf1\f51\fs36\b\qc SECURITIES AND EXCHANGE COMMISSION\par\pard\plain\cf1\f51\fs24\b\qc WASHINGTON, D.C. 20549\par\pard\plain\sb264\cf1\f51\fs36\b\qc FORM 6-K\par\pard\plain\sb264\cf1\f51\fs20\b\qc Report of Foreign Private Issuer\par\pard\plain\cf1\f51\fs20\b\qc Pursuant to Rule 13a-16 or 15d-16\par\pard\plain\cf1\f51\fs20\b\qc of the Securities Exchange Act of 1934\par\pard\plain\sb264\cf1\f51\fs20\b\qc FOR THE MONTH OF SEPTEMBER 2017\par\pard\plain\sb264\cf1\f51\fs20\b\qc COMMISSION FILE NUMBER: 001-33863\par\pard\plain\sb264\cf1\f51\fs48\b\qc XINYUAN REAL ESTATE CO., LTD.\par\pard\plain\sb264\cf1\f51\fs20\b\qc 27/F, China Central Place, Tower II\par\pard\plain\cf1\f51\fs20\b\qc 79 Jianguo Road, Chaoyang District\par\pard\plain\cf1\f51\fs20\b\qc Beijing 100025\par\pard\plain\cf1\f51\fs20\b\qc People\u8217?s Republic of China\par\pard\plain\cf1\f51\fs16\b\qc (Address of principal executive offices)\par\pard\plain\sb264\cf1\f51\fs20\ql Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.\par\pard\plain\sb264\cf1\f51\fs20\b\qc Form 20-F\~\~\u9746?\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~Form 40-F\~\~\u9744?\par\pard\plain\sb264\cf1\f51\fs20\ql Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule\plain\cf1\f51\fs20\ql 101(b)(1):\~\~\u9744?\par\pard\plain\sb264\cf1\f51\fs20\ql Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule\plain\cf1\f51\fs20\ql 101(b)(7):\~\~\u9744?\par\pard\plain\sb264\cf1\f51\fs20\ql Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the\plain\cf1\f51\fs20\ql information to the Commission pursuant to Rule\~12g3-2(b) under the Securities Exchange Act of 1934.\par\pard\plain\sb264\cf1\f51\fs20\b\qc Yes\~\u9744?\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~No \u9746?\par\pard\plain\sb264\cf1\f51\fs20\ql If \u8220?Yes\u8221? is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):\plain\cf1\f51\fs20\ql 82-________.\par\pard\plain\li132\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\cf1\f51\fs20\b\qc TABLE OF CONTENTS\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10152\clbrdrb\brdrs\brdrcf7\cellx10260\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Page\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10152\clbrdrb\brdrs\brdrcf7\cellx10260\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh248\row}}} {\trowd\clvertalb\cellx10152\cellx10260\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh264 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "explanatory_note_11806523" }{\*\fldrslt\cf3\f51\fs20\ql Explanatory Note}}\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2\cell{ {\trowd\clvertalb\cellx10152\cellx10260\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx10152\cellx10260\clvertalb\cellx10800\trrh248 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "forwardlooking_statements_118065" }{\*\fldrslt\cf3\f51\fs20\ql Forward-Looking Statements}}\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2\cell{ {\trowd\clvertalb\cellx10152\cellx10260\clvertalb\cellx10800\trrh248\row}}} {\trowd\clvertalb\cellx10152\cellx10260\clvertalb\cellx10800\trrh248 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_index_11806523" }{\*\fldrslt\cf3\f51\fs20\ql Exhibit Index}}\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4\cell{ {\trowd\clvertalb\cellx10152\cellx10260\clvertalb\cellx10800\trrh248\row}}} {\trowd\clvertalb\cellx10152\cellx10260\clvertalb\cellx10800\trrh248 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "signature_11806523" }{\*\fldrslt\cf3\f51\fs20\ql Signature}}\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5\cell{ {\trowd\clvertalb\cellx10152\cellx10260\clvertalb\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\cellx1404\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql Exhibit 99.1\cell\pard\plain\intbl\sb132\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_991_11806523" }{\*\fldrslt\cf3\f51\fs20\ql Unaudited interim consolidated financial statements as of June 30, 2017 and for the six months ended June 30,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_991_11806523" }{\*\fldrslt\cf3\f51\fs20\ql 2017 and 2016 of Xinyuan Real Estate Co., Ltd. and its Subsidiaries.}}\cell{ {\trowd\cellx1404\cellx10800\trrh630\row}}} \par\pard\plain {\trowd\cellx1404\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql Exhibit 99.2\cell\pard\plain\intbl\sb132\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_992_11806523" }{\*\fldrslt\cf3\f51\fs20\ql Selected consolidated financial data as of June 30, 2017 and December 31, 2016 and for the six months ended}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_992_11806523" }{\*\fldrslt\cf3\f51\fs20\ql June\~30, 2017 and 2016 of Xinyuan Real Estate Co., Ltd. and its Subsidiaries.}}\cell{ {\trowd\cellx1404\cellx10800\trrh630\row}}} \par\pard\plain {\trowd\cellx1404\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql Exhibit 99.3\cell\pard\plain\intbl\sb132\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_993__11806523" }{\*\fldrslt\cf3\f51\fs20\ql Operating and Financial Review and Prospects as of June 30, 2017 and for the six months ended June 30, 2017}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_993__11806523" }{\*\fldrslt\cf3\f51\fs20\ql and 2016 of Xinyuan Real Estate Co., Ltd. and its Subsidiaries.}}\cell{ {\trowd\cellx1404\cellx10800\trrh630\row}}} \par\pard\plain {\trowd\cellx1404\cellx10800\trrh1868 \pard\plain\intbl\sb132\cf1\f51\fs20\ql Exhibit 101\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql The following financial statements as of and for the six months ended June 30, 2017 from the Xinyuan Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\u8217?s Report on Form 6-K for the month of September 2017, formatted in XBRL\plain\intbl\cf1\f51\fs20\ql (eXtensible Business Reporting Language): (i) Condensed consolidated balance sheets as of December 31, 2016\plain\intbl\cf1\f51\fs20\ql (audited) and June 30, 2017 (unaudited), (ii) Condensed consolidated statements of comprehensive income for\plain\intbl\cf1\f51\fs20\ql the six months ended June\~30, 2016 and 2017 (unaudited), (iii) Condensed consolidated statements of cash flows\plain\intbl\cf1\f51\fs20\ql for the six months ended June 30, 2016 and 2017 (unaudited), and (iv) Notes to unaudited condensed\plain\intbl\cf1\f51\fs20\ql consolidated financial statements for the six months ended June 30, 2016 and 2017.\cell{ {\trowd\cellx1404\cellx10800\trrh1868\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\qc 1\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}{\*\bkmkstart explanatory_note_11806523}{\*\bkmkend explanatory_note_11806523}\par\pard\plain\cf1\f51\fs20\b\qc EXPLANATORY NOTE\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql Xinyuan Real Estate Co., Ltd. (\u8220?Xinyuan\u8221? or the \u8220?Company\u8221?) is furnishing this Form 6-K to\plain\cf1\f51\fs20\ql provide six-month interim financial statements and incorporate such financial statements into the Company\u8217?s registration\plain\cf1\f51\fs20\ql statements referenced below.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql This Form 6-K is hereby incorporated by reference into the registration statements of the Company on Form S-8\plain\cf1\f51\fs20\ql (Registration Numbers 333-152637, 333-198525 and 333-205371) and on Form F-3 (Registration Number 333-192046) and\plain\cf1\f51\fs20\ql any outstanding prospectus, offering circular or similar document issued or authorized by the Company that incorporates by\plain\cf1\f51\fs20\ql reference any of the Company\u8217?s reports on Form 6-K that are incorporated into its registration statements filed with the\plain\cf1\f51\fs20\ql Securities and Exchange Commission, and this Form 6-K shall be deemed a part of each such document from the date on which\plain\cf1\f51\fs20\ql this Form 6-K is filed, to the extent not superseded by documents or reports subsequently filed or furnished by the Company\plain\cf1\f51\fs20\ql under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.{\*\bkmkstart forwardlooking_statements_118065}{\*\bkmkend forwardlooking_statements_118065}\par\pard\plain\sb396\cf1\f51\fs20\b\qc FORWARD-LOOKING STATEMENTS\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql This Report on Form 6-K, including the Exhibits hereto, contains forward-looking statements that involve risks and\plain\cf1\f51\fs20\ql uncertainties. All statements other than statements of historical facts are forward-looking statements. These statements involve\plain\cf1\f51\fs20\ql known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be\plain\cf1\f51\fs20\ql materially different from those expressed or implied by the forward-looking statements.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql You can identify these forward-looking statements by words or phrases such as \u8220?may,\u8221? \u8220?will,\u8221?\plain\cf1\f51\fs20\ql \u8220?expect,\u8221? \u8220?is expected to,\u8221? \u8220?anticipate,\u8221? \u8220?aim,\u8221? \u8220?estimate,\u8221?\plain\cf1\f51\fs20\ql \u8220?intend,\u8221? \u8220?plan,\u8221? \u8220?believe,\u8221? \u8220?potential,\u8221? \u8220?continue,\u8221?\plain\cf1\f51\fs20\ql \u8220?is/are likely to\u8221? or other similar expressions or negatives of such expressions. These forward-looking statements\plain\cf1\f51\fs20\ql include, among others, statements about: \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our anticipated growth strategies;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our future business development, results of operations and financial condition;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our expectations with respect to our ability to acquire adequate financing for our future business development;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our expectations with respect to our ability to acquire adequate suitable land use rights for future development; and\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our belief with respect to market opportunities in, and growth prospects of, our target market cites in China and our\plain\intbl\cf1\f51\fs20\ql targeted areas in the United States.\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh630\row}}}\pard\plain\sb264\fi528\cf1\f51\fs20\ql We have based these forward-looking statements largely on our current expectations and projections about future events\plain\cf1\f51\fs20\ql and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial\plain\cf1\f51\fs20\ql needs. However, a number of known and unknown risks, uncertainties and other factors could affect the accuracy of these\plain\cf1\f51\fs20\ql statements. Among the important factors to consider in evaluating our forward-looking statements are: \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our ability to continue to implement our business model successfully;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our ability to secure adequate financing for our project development;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our ability to successfully sell or complete our property projects under construction and planning;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our ability to enter into new geographic markets and expand our operations;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql the marketing and sales ability of our third-party sales agents;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql the performance of our third party contractors;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql laws, regulations and policies relating to real estate developers and the real estate industry in the markets in which\plain\intbl\cf1\f51\fs20\ql we operate;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh630\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql our ability to obtain permits and licenses to carry on our business in compliance with applicable laws and\plain\intbl\cf1\f51\fs20\ql regulations;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh630\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql competition from other real estate developers;\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql the growth of the real estate industry in the markets in which we operate; and\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}} \par\pard\plain {\trowd\cellx432\cellx1116\cellx10800\trrh382 \pard\plain\intbl\sb132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql fluctuations in general economic and business conditions in the markets in which we operate.\cell{ {\trowd\cellx432\cellx1116\cellx10800\trrh382\row}}}\pard\plain\sb264\cf1\f51\fs20\qc 2\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql Additional factors which could adversely impact our business and financial performance, including the risks outlined in our\plain\cf1\f51\fs20\ql 2016 Form 20-F under \u8220?Item 3. Key Information - D. Risk Factors.\u8221? You should read thoroughly this Report on\plain\cf1\f51\fs20\ql Form 6-K and the Exhibits hereto with the understanding that our actual future results may be materially different from and/or\plain\cf1\f51\fs20\ql worse than what we expect. We qualify all of our forward-looking statements by these cautionary statements. Moreover, we\plain\cf1\f51\fs20\ql operate in an evolving environment. New risk factors emerge from time to time and it is not possible for our management to\plain\cf1\f51\fs20\ql predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or\plain\cf1\f51\fs20\ql combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements\plain\cf1\f51\fs20\ql made in this Report on Form 6-K relate only to events or information as of the date on which the statements are made in this\plain\cf1\f51\fs20\ql Report on Form 6-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new\plain\cf1\f51\fs20\ql information, future events or otherwise, except as otherwise required by applicable securities laws.\par\pard\plain\sb264\cf1\f51\fs20\qc 3\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}{\*\bkmkstart exhibit_index_11806523}{\*\bkmkend exhibit_index_11806523}\par\pard\plain\cf1\f51\fs20\b\qc EXHIBIT INDEX\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1080\clbrdrb\brdrs\brdrcf7\cellx1188\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\b\ql Exhibit\par\pard\plain\intbl\cf1\f51\fs20\b\ql Number\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Description\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1080\clbrdrb\brdrs\brdrcf7\cellx1188\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh495\row}}} {\trowd\clvertalb\cellx1080\cellx1188\clvertalb\cellx10800\trrh148 \pard\plain\intbl\cf1\f51\fs12\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\b\ql \~\cell{ {\trowd\clvertalb\cellx1080\cellx1188\clvertalb\cellx10800\trrh148\row}}} {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Exhibit 99.1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_991_11806523" }{\*\fldrslt\cf3\f51\fs20\ql Unaudited interim consolidated financial statements as of June 30, 2017 and for the six months ended June 30,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_991_11806523" }{\*\fldrslt\cf3\f51\fs20\ql 2017 and 2016 of Xinyuan Real Estate Co., Ltd. and its Subsidiaries.}}\cell{ {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh495\row}}} {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh148 \pard\plain\intbl\cf1\f51\fs12\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\ql \~\cell{ {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh148\row}}} {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Exhibit 99.2\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_992_11806523" }{\*\fldrslt\cf3\f51\fs20\ql Selected consolidated financial data as of June 30, 2017 and December 31, 2016 and for the six months ended}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_992_11806523" }{\*\fldrslt\cf3\f51\fs20\ql June 30, 2017 and 2016 of Xinyuan Real Estate Co., Ltd. and its Subsidiaries.}}\cell{ {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh495\row}}} {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh148 \pard\plain\intbl\cf1\f51\fs12\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\ql \~\cell{ {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh148\row}}} {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Exhibit 99.3\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_993__11806523" }{\*\fldrslt\cf3\f51\fs20\ql Operating and Financial Review and Prospects as of June 30, 2017 and for the six months ended June 30, 2017}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "exhibit_993__11806523" }{\*\fldrslt\cf3\f51\fs20\ql and 2016 of Xinyuan Real Estate Co., Ltd. and its Subsidiaries.}}\cell{ {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh495\row}}} {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh148 \pard\plain\intbl\cf1\f51\fs12\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\ql \~\cell\pard\plain\intbl\cf1\f51\fs12\ql \~\cell{ {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh148\row}}} {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh1732 \pard\plain\intbl\cf1\f51\fs20\ql Exhibit 101\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The following financial statements as of and for the six months ended June 30, 2017 from the Company\u8217?s\plain\intbl\cf1\f51\fs20\ql Report on Form 6-K for the month of September 2017, formatted in XBRL (eXtensible Business Reporting\plain\intbl\cf1\f51\fs20\ql Language): (i) Condensed consolidated balance sheets as of December 31, 2016 (audited) and June 30, 2017\plain\intbl\cf1\f51\fs20\ql (unaudited), (ii) Condensed consolidated statements of comprehensive income for the six months ended June 30,\plain\intbl\cf1\f51\fs20\ql 2016 and 2017 (unaudited), (iii) Condensed consolidated statements of cash flows for the six months ended June\plain\intbl\cf1\f51\fs20\ql 30, 2016 and 2017 (unaudited), and (iv) Notes to unaudited condensed consolidated financial statements for the six\plain\intbl\cf1\f51\fs20\ql months ended June 30, 2016 and 2017.\cell{ {\trowd\cellx1080\cellx1188\clvertalb\cellx10800\trrh1732\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\qc 4\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}{\*\bkmkstart signature_11806523}{\*\bkmkend signature_11806523}\par\pard\plain\cf1\f51\fs20\b\qc SIGNATURE\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed\plain\cf1\f51\fs20\ql on its behalf by the undersigned, thereunto duly authorized.\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx152\clvertalc\cellx807\clvertalc\cellx1124\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx152\clvertalc\cellx807\clvertalc\cellx1124\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx152\clvertalb\cellx4319\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql XINYUAN REAL ESTATE CO., LTD.\cell{ {\trowd\cellx152\clvertalb\cellx4319\trrh248\row}}} {\trowd\cellx152\clvertalb\cellx4319\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx152\clvertalb\cellx4319\trrh248\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\cellx808\clbrdrb\brdrs\brdrcf7\cellx1125\clbrdrb\brdrs\brdrcf1\clvertalc\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql By:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{\*\bkmkstart ole_link1_11806523}{\*\bkmkend ole_link1_11806523}{\*\bkmkstart ole_link2_11806523}{\*\bkmkend ole_link2_11806523}\pard\plain\intbl\ri22\cf1\f51\fs20\ql /s/ Yuan (Helen) Zhang\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\cellx808\clbrdrb\brdrs\brdrcf7\cellx1125\clbrdrb\brdrs\brdrcf1\clvertalc\cellx4320\trrh248\row}}} {\trowd\clvertalb\cellx808\cellx1125\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4320\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Name:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri22\cf1\f51\fs20\ql Yuan (Helen) Zhang\cell{ {\trowd\clvertalb\cellx808\cellx1125\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4320\trrh264\row}}} {\trowd\clvertalb\cellx808\cellx1125\clvertalb\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Title:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri22\cf1\f51\fs20\ql Chief Financial Officer\cell{ {\trowd\clvertalb\cellx808\cellx1125\clvertalb\cellx4320\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql Date: September 22, 2017\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\qc 5\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}{\*\bkmkstart exhibit_991_11806523}{\*\bkmkend exhibit_991_11806523}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 99.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc Xinyuan Real Estate Co., Ltd. and Subsidiaries\par\pard\plain\sb264\cf1\f51\fs20\b\qc CONTENTS\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10152\clbrdrb\brdrs\brdrcf7\cellx10260\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Pages\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10152\clbrdrb\brdrs\brdrcf7\cellx10260\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh248\row}}} {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248\row}}} {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh248 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "condensed_consolidated_balance_s" }{\*\fldrslt\cf3\f51\fs20\ql Condensed consolidated balance sheets as of December 31, 2016 (audited) and June 30, 2017 (unaudited)}}\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr F-2\cell{ {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh248\row}}} {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248\row}}} {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh495 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "condensed_consolidated_statement" }{\*\fldrslt\cf3\f51\fs20\ql Condensed consolidated statements of comprehensive income for the six months ended June 30, 2016 and 2017}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "condensed_consolidated_statement" }{\*\fldrslt\cf3\f51\fs20\ql (unaudited)}}\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr F-5\cell{ {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh495\row}}} {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248\row}}} {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh248 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "condensed_consolidated_statement" }{\*\fldrslt\cf3\f51\fs20\ql Condensed consolidated statements of cash flows for the six months ended June 30, 2016 and 2017 (unaudited)}}\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr F-7\cell{ {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh248\row}}} {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\clvertalc\cellx10152\cellx10260\clvertalc\cellx10800\trrh248\row}}} {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh248 \pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "notes_to_unaudited_condensed_con" }{\*\fldrslt\cf3\f51\fs20\ql Notes to unaudited condensed consolidated financial statements for the six months ended June 30, 2016 and 2017}}\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr F-9\cell{ {\trowd\cellx10152\cellx10260\clvertalb\cellx10800\trrh248\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-1\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES{\*\bkmkstart condensed_consolidated_balance_s}{\*\bkmkend condensed_consolidated_balance_s}\par\pard\plain\cf1\f51\fs20\b\qc CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2016 (AUDITED)\par\pard\plain\cf1\f51\fs20\b\qc AND JUNE 30, 2017 (UNAUDITED)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December 31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6766\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6869\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8775\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8878\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8976\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Notes\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6766\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6869\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8775\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8878\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8976\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9501\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql ASSETS\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9501\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9501\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9501\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9501\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Current assets\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9501\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Cash and cash equivalents\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 578,244,378\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 953,511,338\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Restricted cash\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 328,499,059\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 321,614,668\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Short-term investments\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 3\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 39,310,595\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 49,685,723\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Accounts receivable\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 32,703,517\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 27,668,667\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Other receivables\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 31,822,187\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 38,749,716\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Deposits for land use rights\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 153,252,126\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 80,376,122\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Other deposits and prepayments\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 525,263,384\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 492,217,775\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Advances to suppliers\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 27,457,335\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 38,465,493\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Real estate properties development completed\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 4\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 477,179,252\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 381,237,725\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1502 \pard\plain\intbl\li286\cf1\f51\fs20\ql Real estate properties under development (including real estate\plain\intbl\li286\cf1\f51\fs20\ql properties under development of the consolidated variable\plain\intbl\li286\cf1\f51\fs20\ql interest entities (\u8220?Consolidated VIEs\u8221?) to be used\plain\intbl\li286\cf1\f51\fs20\ql only to settle obligations of the Consolidated VIEs of\plain\intbl\li286\cf1\f51\fs20\ql US$105,056,385 and US$118,406,540 as of December 31,\plain\intbl\li286\cf1\f51\fs20\ql 2016 and June 30, 2017, respectively)\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 4\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,719,135,164\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,135,226,368\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1502\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Amounts due from related parties\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 10\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 17,731,875\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 24,583,947\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clshdng100\clcfpat7\clcbpat7\cellx7584\clshdng100\clcfpat7\clcbpat7\cellx8774\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Amounts due from employees\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 10\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 620,462\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,482,166\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Other current assets\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 225,785\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 583,347\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx7584\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9501\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\li286\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx7584\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9501\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total current assets\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3,931,445,119\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,545,403,055\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9501\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5887\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6765\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9501\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clshdng100\clcfpat7\clcbpat7\cellx5887\clshdng100\clcfpat7\clcbpat7\cellx6765\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Real estate properties held for lease, net\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 159,873,934\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 191,021,265\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clshdng100\clcfpat7\clcbpat7\cellx5887\clshdng100\clcfpat7\clcbpat7\cellx6765\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Deposits for land use rights\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 28,830,907\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 29,522,910\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clshdng100\clcfpat10\clcbpat10\cellx7584\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clshdng100\clcfpat7\clcbpat7\cellx5887\clshdng100\clcfpat7\clcbpat7\cellx6765\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Property and equipment, net\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,090,096\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 33,154,475\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clshdng100\clcfpat7\clcbpat7\cellx5887\clshdng100\clcfpat7\clcbpat7\cellx6765\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Other long-term investment\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 5\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 241,648\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,098,521\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clshdng100\clcfpat7\clcbpat7\cellx5887\clshdng100\clcfpat7\clcbpat7\cellx6765\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Investment in joint ventures\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 7,555,911\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 7,501,664\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5539\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clshdng100\clcfpat7\clcbpat7\cellx5887\clshdng100\clcfpat7\clcbpat7\cellx6765\clshdng100\clcfpat7\clcbpat7\cellx6868\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clshdng100\clcfpat7\clcbpat7\cellx9501\clshdng100\clcfpat7\clcbpat7\cellx10691\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Deferred tax assets\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 49,689,528\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,189,636\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clshdng100\clcfpat10\clcbpat10\cellx9501\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Other assets\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 24,718,147\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 40,976,764\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx7584\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9501\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\li286\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5539\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5639\clshdng100\clcfpat10\clcbpat10\cellx5887\clshdng100\clcfpat10\clcbpat10\cellx6765\clshdng100\clcfpat10\clcbpat10\cellx6868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7163\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx7584\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx8774\clshdng100\clcfpat10\clcbpat10\cellx8877\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8975\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9501\clbrdrt\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10691\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql TOTAL ASSETS\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,236,445,290\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,906,868,290\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx5539\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5639\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6765\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6868\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7163\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7584\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8877\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8975\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9501\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qc The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\qc F-2\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs18\qc \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2016 (AUDITED)\par\pard\plain\cf1\f51\fs20\b\qc AND JUNE 30, 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clvertalb\cellx10706\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December 31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clvertalb\cellx10706\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6793\clvertalb\cellx6896\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10706\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Notes\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6793\clvertalb\cellx6896\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10706\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5902\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10706\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5902\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10706\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clvertalb\cellx10706\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx8802\clvertalb\cellx8892\clvertalb\cellx8990\clvertalb\cellx10706\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql LIABILITIES AND SHAREHOLDERS\u8217? EQUITY\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Current liabilities\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh1254 \pard\plain\intbl\li286\cf1\f51\fs20\ql Accounts payable and notes payable (including accounts\plain\intbl\li286\cf1\f51\fs20\ql payable and notes payable of the Consolidated VIEs without\plain\intbl\li286\cf1\f51\fs20\ql recourse to the primary beneficiary of US$2,321,966 and\plain\intbl\li286\cf1\f51\fs20\ql US$2,367,075 as of December 31, 2016 and June 30, 2017,\plain\intbl\li286\cf1\f51\fs20\ql respectively)\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 524,663,366\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 482,028,204\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh1254\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Short-term bank loans and other debt\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 6\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 178,576,151\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 109,855,800\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Customer deposits\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 150,545,253\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 173,326,136\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Income tax payable\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 120,573,148\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 102,735,919\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh1254 \pard\plain\intbl\li286\cf1\f51\fs20\ql Other payables and accrued liabilities (including other payables\plain\intbl\li286\cf1\f51\fs20\ql and accrued liabilities of the Consolidated VIEs without\plain\intbl\li286\cf1\f51\fs20\ql recourse to the primary beneficiary of US$1,583,399 and\plain\intbl\li286\cf1\f51\fs20\ql US$2,667,181 as of December 31, 2016 and June 30, 2017,\plain\intbl\li286\cf1\f51\fs20\ql respectively)\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 199,661,165\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 242,832,041\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh1254\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007 \pard\plain\intbl\li286\cf1\f51\fs20\ql Payroll and welfare payable (including payroll and welfare\plain\intbl\li286\cf1\f51\fs20\ql payable of the Consolidated VIEs without recourse to the\plain\intbl\li286\cf1\f51\fs20\ql primary beneficiary of nil and US$1,603 as of December 31,\plain\intbl\li286\cf1\f51\fs20\ql 2016 and June 30, 2017, respectively)\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 19,521,772\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 11,923,036\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh289 \pard\plain\intbl\li286\cf1\f51\fs20\ql Current portion of long-term bank loans and other debt\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 7,8\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 704,695,082\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,077,419,087\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh289\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Current maturities of capital lease obligations\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 13\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3,923,394\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,313,809\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\cellx7612\cellx8802\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh289 \pard\plain\intbl\li286\cf1\f51\fs20\ql Mandatorily redeemable non-controlling interests\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 2(a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 12,613,522\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 12,916,273\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\cellx7612\cellx8802\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh289\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5555\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx8802\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx8892\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10706\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Amounts due to related parties\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 10\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 66,229,724\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 69,307,495\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5555\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx8802\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx8892\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10706\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clbrdrt\brdrs\brdrcf1\cellx7612\clbrdrt\brdrs\brdrcf1\cellx8802\cellx8892\clvertalc\cellx8990\clbrdrt\brdrs\brdrcf1\cellx9516\clbrdrt\brdrs\brdrcf1\cellx10706\cellx10800\trrh281 \pard\plain\intbl\li286\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clbrdrt\brdrs\brdrcf1\cellx7612\clbrdrt\brdrs\brdrcf1\cellx8802\cellx8892\clvertalc\cellx8990\clbrdrt\brdrs\brdrcf1\cellx9516\clbrdrt\brdrs\brdrcf1\cellx10706\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5555\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total current liabilities\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,981,002,577\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,286,657,800\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5555\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7612\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9516\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10706\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7612\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9516\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10706\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Long-term bank loans\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 7\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 235,885,009\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 360,945,449\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Other long-term debt\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 8\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 974,791,324\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,099,563,119\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Deferred tax liabilities\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 93,106,706\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 172,894,391\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Unrecognized tax benefits\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 9\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,491,988\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,493,767\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\cellx9516\cellx10706\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Capital lease obligations, net of current maturities\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 13\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,015,508\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 13,092,632\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clshdng100\clcfpat10\clcbpat10\cellx9516\clshdng100\clcfpat10\clcbpat10\cellx10706\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx5555\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5902\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6793\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6896\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7191\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7612\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8802\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8892\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8990\clbrdrb\brdrs\brdrcf1\cellx9516\clbrdrb\brdrs\brdrcf1\cellx10706\clbrdrb\brdrs\brdrcf7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Amounts due to related parties\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 10\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,542,922\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx5555\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5902\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6793\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6896\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7191\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7612\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8802\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8892\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8990\clbrdrb\brdrs\brdrcf1\cellx9516\clbrdrb\brdrs\brdrcf1\cellx10706\clbrdrb\brdrs\brdrcf7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx5555\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5654\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx5902\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6793\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6896\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx7191\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7612\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8802\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8892\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx8990\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9516\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10706\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total liabilities\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3,320,293,112\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3,955,190,080\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx5555\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5654\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx5902\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6793\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6896\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx7191\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7612\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8802\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8892\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx8990\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9516\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10706\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh315 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh315\row}}} {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Commitments and contingencies\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 13\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5555\clvertalc\cellx5654\clvertalb\cellx5902\clvertalb\cellx6793\clvertalb\cellx6896\clvertalb\cellx7191\clvertalb\cellx7612\clvertalb\cellx8802\clvertalb\cellx8892\clvertalc\cellx8990\clvertalb\cellx9516\clvertalb\cellx10706\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5555\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6793\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7191\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7612\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8802\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8990\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9516\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10706\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-3\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2016 (AUDITED)\par\pard\plain\cf1\f51\fs20\b\qc AND JUNE 30, 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx8768\clvertalb\cellx8874\clvertalb\cellx8972\clvertalb\cellx10688\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December 31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx8768\clvertalb\cellx8874\clvertalb\cellx8972\clvertalb\cellx10688\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6760\clvertalb\cellx6863\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8769\clvertalb\cellx8875\clvertalb\cellx8973\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Notes\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6760\clvertalb\cellx6863\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8769\clvertalb\cellx8875\clvertalb\cellx8973\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5893\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx8768\clvertalb\cellx8874\clvertalb\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5893\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx8768\clvertalb\cellx8874\clvertalb\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx8768\clvertalb\cellx8874\clvertalb\cellx8972\clvertalb\cellx10688\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx8768\clvertalb\cellx8874\clvertalb\cellx8972\clvertalb\cellx10688\clvertalb\cellx10800\trrh264\row}}} {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clvertalb\cellx9498\clvertalb\cellx10688\clvertalb\cellx10800\trrh264 {\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\b\ql Shareholders\u8217? equity\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clvertalb\cellx9498\clvertalb\cellx10688\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5546\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Common shares, US$0.0001 par value:\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5546\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clvertalb\cellx9498\clvertalb\cellx10688\clvertalb\cellx10800\trrh759 \pard\plain\intbl\li286\cf1\f51\fs20\ql Authorized-500,000,000 shares; shares issued and\plain\intbl\li286\cf1\f51\fs20\ql outstanding-129,966,045 shares as of June 30, 2017\plain\intbl\li286\cf1\f51\fs20\ql (December 31, 2016: 131,426,741 shares)\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,051\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,151\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clvertalb\cellx9498\clvertalb\cellx10688\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5546\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Treasury shares\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (53,734,088\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (65,589,869\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5546\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\cellx9498\cellx10688\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Additional paid-in capital\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 538,414,246\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 542,040,455\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\cellx9498\cellx10688\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5546\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clshdng100\clcfpat10\clcbpat10\cellx9498\clshdng100\clcfpat10\clcbpat10\cellx10688\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Statutory reserves\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 95,973,296\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 95,964,858\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5546\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clshdng100\clcfpat10\clcbpat10\cellx9498\clshdng100\clcfpat10\clcbpat10\cellx10688\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\cellx9498\cellx10688\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Retained earnings\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 354,273,848\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 357,146,978\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clvertalb\cellx7578\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\cellx9498\cellx10688\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Accumulated other comprehensive income\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 14\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (34,682,888\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (11,255,929\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\cellx9498\clbrdrt\brdrs\brdrcf1\cellx10688\cellx10800\trrh281 \pard\plain\intbl\li286\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\cellx9498\clbrdrt\brdrs\brdrcf1\cellx10688\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total Xinyuan Real Estate Co., Ltd. shareholders\plain\intbl\cf1\f52\fs20\b\ql '\plain\intbl\cf1\f51\fs20\b\ql equity\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 900,260,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 918,322,644\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9498\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9498\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Non-controlling interest\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 15\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,891,713\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 33,355,566\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9498\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9498\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total equity\cell\pard\plain\intbl\cf1\f52\fs20\i\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 916,152,178\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 951,678,210\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9498\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5546\clvertalc\cellx5645\clvertalb\cellx5893\clvertalb\cellx6759\clvertalb\cellx6862\clvertalb\cellx7157\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7578\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8768\clvertalb\cellx8874\clvertalc\cellx8972\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9498\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql TOTAL LIABILITIES AND EQUITY\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,236,445,290\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,906,868,290\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5546\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5645\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5893\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6759\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6862\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7157\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7578\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8768\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8874\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8972\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9498\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qc The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\qc F-4\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs18\qc \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES{\*\bkmkstart condensed_consolidated_statement}{\*\bkmkend condensed_consolidated_statement}\par\pard\plain\cf1\f51\fs20\b\qc CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six months ended June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6848\clvertalb\cellx6952\clvertalb\cellx7052\clbrdrb\brdrs\brdrcf1\clvertalc\cellx8750\clvertalc\cellx8870\clvertalc\cellx8990\clbrdrb\brdrs\brdrcf1\clvertalc\cellx10688\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Notes\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6848\clvertalb\cellx6952\clvertalb\cellx7052\clbrdrb\brdrs\brdrcf1\clvertalc\cellx8750\clvertalc\cellx8870\clvertalc\cellx8990\clbrdrb\brdrs\brdrcf1\clvertalc\cellx10688\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5933\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8749\clvertalb\cellx8869\clvertalb\cellx8989\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10687\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5933\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8749\clvertalb\cellx8869\clvertalb\cellx8989\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10687\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx8749\clvertalb\cellx8869\clvertalb\cellx8989\clvertalb\cellx10687\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalb\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx8749\clvertalb\cellx8869\clvertalb\cellx8989\clvertalb\cellx10687\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Revenue:\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Real estate sales, net of sales taxes of US$34,932,216 for the six\plain\intbl\cf1\f51\fs20\ql months ended June 30, 2016 and US$6,721,058 for the six months\plain\intbl\cf1\f51\fs20\ql ended June 30, 2017.\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 594,465,950\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 746,338,113\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Real estate management services income\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 12,867,287\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,793,921\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Real estate lease income\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,980,041\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,592,865\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other revenue\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,693,558\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,153,429\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total revenue\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 612,006,836\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 768,878,328\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Cost of revenue:\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Cost of real estate sales\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (471,580,587\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (578,883,729\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Cost of real estate management services\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (10,052,465\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (13,149,916\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Cost of real estate lease income\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,795,262\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (4,454,101\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other costs\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,379,095\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,901,483\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total cost of revenue\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (485,807,409\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (598,389,229\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Gross profit\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 126,199,427\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 170,489,099\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Selling and distribution expenses\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (16,921,743\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (28,558,928\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql General and administrative expenses\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (55,604,870\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (54,839,800\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Operating income\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 53,672,814\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 87,090,371\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Interest income\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 12,693,566\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6,973,766\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Interest expense\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (10,063,297\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (29,520,400\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net realized gain on short-term investments\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 3\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 915,903\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,844,695\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Unrealized gain on short-term investments\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 3\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 766,955\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,777,579\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Share of loss of equity investees\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (597,966\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (508,247\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Exchange gains/(loss)\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 235,624\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (97,185\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other income\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,108,053\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 159,225\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Income from operations before income taxes\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qr 61,731,652\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qr 68,719,804\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Income taxes\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (27,032,761\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (40,525,242\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5584\clvertalc\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10685\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Net income\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,698,891\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 28,194,562\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net income attributable to non-controlling interest\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 15\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,053,922\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (11,655,638\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\cellx5584\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5685\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8988\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\b\ql Net income attributable to Xinyuan Real Estate Co., Ltd.\plain\intbl\cf1\f51\fs20\b\ql shareholders\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 32,644,969\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,538,924\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\cellx5584\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5685\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8988\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh315 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh315\row}}} {\trowd\cellx5584\clvertalb\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Earnings per share:\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5584\clvertalb\cellx5685\clvertalb\cellx5933\clvertalb\cellx6847\clvertalb\cellx6951\clvertalb\cellx7051\clvertalb\cellx7577\clvertalb\cellx8748\clvertalb\cellx8868\clvertalc\cellx8988\clvertalb\cellx9514\clvertalb\cellx10685\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Basic\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 11\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 0.24\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 0.13\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8988\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Diluted\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 11\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 0.23\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 0.13\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx5584\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5933\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6847\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6951\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7051\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7577\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8748\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8868\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8988\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5584\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5933\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6951\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7051\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7577\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8748\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8868\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8988\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-5\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalc\cellx10688\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six months ended June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalc\cellx10688\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6873\clvertalb\cellx6977\clvertalb\cellx7077\clbrdrb\brdrs\brdrcf1\clvertalc\cellx8762\clvertalc\cellx8882\clvertalc\cellx9002\clbrdrb\brdrs\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Notes\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6873\clvertalb\cellx6977\clvertalb\cellx7077\clbrdrb\brdrs\brdrcf1\clvertalc\cellx8762\clvertalc\cellx8882\clvertalc\cellx9002\clbrdrb\brdrs\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5955\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8761\clvertalb\cellx8881\clvertalb\cellx9001\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10686\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5955\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8761\clvertalb\cellx8881\clvertalb\cellx9001\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10686\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalb\cellx8761\clvertalb\cellx8881\clvertalb\cellx9001\clvertalb\cellx10686\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx5606\clvertalb\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalb\cellx8761\clvertalb\cellx8881\clvertalb\cellx9001\clvertalb\cellx10686\clvertalb\cellx10800\trrh264\row}}} {\trowd\cellx5606\clvertalc\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalb\cellx7602\clvertalb\cellx8761\clvertalb\cellx8881\clvertalc\cellx9001\clvertalb\cellx9527\clvertalb\cellx10686\clvertalb\cellx10800\trrh264 {\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\b\ql Shares used in computation:\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5606\clvertalc\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalb\cellx7602\clvertalb\cellx8761\clvertalb\cellx8881\clvertalc\cellx9001\clvertalb\cellx9527\clvertalb\cellx10686\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7602\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9527\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Basic\cell\pard\plain\intbl\cf1\f52\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 11\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 134,617,909\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 128,317,210\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7602\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9527\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx5606\clvertalc\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalb\cellx7602\clvertalb\cellx8761\clvertalb\cellx8881\clvertalc\cellx9001\clvertalb\cellx9527\clvertalb\cellx10686\clvertalb\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Diluted\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 11\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 138,984,932\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 131,557,491\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5606\clvertalc\cellx5707\clvertalb\cellx5955\clvertalb\cellx6872\clvertalb\cellx6976\clvertalb\cellx7076\clvertalb\cellx7602\clvertalb\cellx8761\clvertalb\cellx8881\clvertalc\cellx9001\clvertalb\cellx9527\clvertalb\cellx10686\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7602\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9527\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7602\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9527\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx5606\clvertalc\cellx5707\clvertalc\cellx5955\clvertalc\cellx6872\clvertalc\cellx6976\clvertalc\cellx7076\clvertalc\cellx7602\clvertalc\cellx8761\clvertalc\cellx8881\clvertalc\cellx9001\clvertalc\cellx9527\clvertalc\cellx10686\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Other comprehensive (loss)/income, net of tax of nil\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx5606\clvertalc\cellx5707\clvertalc\cellx5955\clvertalc\cellx6872\clvertalc\cellx6976\clvertalc\cellx7076\clvertalc\cellx7602\clvertalc\cellx8761\clvertalc\cellx8881\clvertalc\cellx9001\clvertalc\cellx9527\clvertalc\cellx10686\clvertalc\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5606\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5955\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6872\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6976\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7076\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7602\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8761\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8881\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9527\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10686\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Foreign currency translation adjustments\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc 14\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (19,435,836\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 23,426,959\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5606\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5955\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6872\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6976\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7076\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7602\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8761\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8881\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9527\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10686\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx5606\clvertalc\cellx5707\clvertalc\cellx5955\clvertalc\cellx6872\clvertalc\cellx6976\clvertalc\cellx7076\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7602\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8761\clvertalc\cellx8881\clvertalc\cellx9001\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9527\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10686\clvertalc\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx5606\clvertalc\cellx5707\clvertalc\cellx5955\clvertalc\cellx6872\clvertalc\cellx6976\clvertalc\cellx7076\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7602\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8761\clvertalc\cellx8881\clvertalc\cellx9001\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9527\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10686\clvertalc\cellx10800\trrh281\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7076\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7602\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9527\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Comprehensive income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,263,055\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 51,621,521\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7076\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7602\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9527\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5606\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5707\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5955\clbrdrb\brdrs\brdrcf7\clvertalc\cellx6872\clbrdrb\brdrs\brdrcf7\clvertalc\cellx6976\clbrdrb\brdrs\brdrcf7\clvertalc\cellx7076\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7602\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8881\clbrdrb\brdrs\brdrcf7\clvertalc\cellx9001\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9527\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10686\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Comprehensive income attributable to non-controlling interest\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,053,922\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (12,290,819\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5606\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5707\clbrdrb\brdrs\brdrcf7\clvertalc\cellx5955\clbrdrb\brdrs\brdrcf7\clvertalc\cellx6872\clbrdrb\brdrs\brdrcf7\clvertalc\cellx6976\clbrdrb\brdrs\brdrcf7\clvertalc\cellx7076\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7602\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8881\clbrdrb\brdrs\brdrcf7\clvertalc\cellx9001\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9527\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10686\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7076\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7602\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9527\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5606\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5707\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5955\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6872\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6976\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7076\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7602\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8761\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8881\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9001\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9527\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5606\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5707\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5955\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx6872\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx6976\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx7076\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7602\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8761\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8881\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx9001\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9527\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10686\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Comprehensive income attributable to Xinyuan Real Estate Co.,\plain\intbl\cf1\f51\fs20\ql Ltd. Shareholders\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 13,209,133\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 39,330,702\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5606\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5707\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5955\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx6872\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx6976\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx7076\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7602\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8761\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx8881\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx9001\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9527\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10686\clbrdrb\brdrdb\brdrcf7\clvertalb\cellx10800\trrh512\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qc The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\qc F-6\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES{\*\bkmkstart condensed_consolidated_statement}{\*\bkmkend condensed_consolidated_statement}\par\pard\plain\cf1\f51\fs20\b\qc CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrb\brdrs\brdrcf1\clvertalc\cellx10692\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six months ended June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrb\brdrs\brdrcf1\clvertalc\cellx10692\clvertalc\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8653\clvertalb\cellx8773\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8893\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8653\clvertalb\cellx8773\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8893\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx6761\clvertalb\cellx6864\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8653\clvertalb\cellx8773\clvertalc\cellx8893\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx6761\clvertalb\cellx6864\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8653\clvertalb\cellx8773\clvertalc\cellx8893\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx8653\clvertalb\cellx8773\clvertalb\cellx8893\clvertalb\cellx10690\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx8653\clvertalb\cellx8773\clvertalb\cellx8893\clvertalb\cellx10690\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql CASH FLOWS FROM OPERATING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,698,891\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 28,194,562\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Adjustments to reconcile net income to net cash (used in)/provided by operating\plain\intbl\cf1\f51\fs20\ql activities:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,321,389\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6,887,338\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Stock-based compensation expenses\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,271,661\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,266,757\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Deferred tax (benefit)/expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (26,387,082\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,190,815\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Amortization of deferred charges\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,233,891\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,775,738\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Share of loss of equity investees\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 597,966\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 508,247\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Exchange (gains)/loss\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (235,624\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 97,185\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Changes in unrecognized tax benefit\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 305,511\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net realized gain on short-term investments\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (915,903\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,844,695\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Unrealized gain on short-term investments\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (766,955\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,777,579\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Proceeds from disposal of trading securities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,410,536\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 577,866,769\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Purchase of trading securities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (46,414,501\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (583,492,828\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Bargain purchase gain\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,004,507\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Effect of remeasurement of equity interest in joint venture\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,100,563\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Others\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (820,514\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 181,913\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Changes in operating assets and liabilities:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Accounts receivable\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 25,830,383\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6,121,326\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Real estate properties development completed\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,883,228\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 87,425,687\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Real estate properties under development\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,317,523\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (190,999,510\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Real estate properties held for lease\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (532,482\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (31,019,439\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Advances to suppliers\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,720,032\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (10,206,454\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other receivables\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 119,468,434\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (4,982,595\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Deposits for land use rights\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (41,387,969\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (25,894,715\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other deposits and prepayments\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 29,395,254\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 44,850,418\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other current assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,796,533\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (653,641\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Amounts due from related parties\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (58,153,898\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (6,790,212\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Amounts due from employees\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,538,762\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (835,920\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,059,626\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (14,448,652\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Accounts payable\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (49,788,059\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (53,622,472\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Customer deposits\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 8,652,670\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 18,935,748\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Income tax payable\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (6,007,499\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (20,372,658\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6761\clvertalb\cellx6864\clvertalb\cellx7390\clvertalb\cellx8652\clvertalb\cellx8772\clvertalc\cellx8892\clvertalb\cellx9418\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Other payables and accrued liabilities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,117,907\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 40,843,728\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8652\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8772\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8892\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9418\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Payroll and welfare payable\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (13,872,499\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (7,948,831\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8652\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8772\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8892\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9418\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6761\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6864\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8652\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8772\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8892\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9418\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8652\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8772\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8892\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9418\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net cash provided/(used in) by operating activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,478,740\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (129,743,970\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx6761\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6864\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8652\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8772\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8892\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9418\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qc The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.\par\pard\plain\sb264\cf1\f51\fs20\qc F-7\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six months ended June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6859\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8654\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8894\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6859\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8654\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8894\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6757\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8654\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6757\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8654\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8774\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql CASH FLOWS FROM INVESTING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Disposal of properties held for lease and property and equipment\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 83,564\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 159,353\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Purchase of property and equipment\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (921,985\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,673,991\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Acquisition of subsidiaries, net of cash acquired\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,055,431\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Acquisition of other long-term investment\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (8,780,788\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Acquisition of other equity method investment\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (11,543,711\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net cash provided/(used in) investing activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,673,299\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (11,295,426\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql CASH FLOWS FROM FINANCING ACTIVITIES\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Proceeds from exercise of stock options\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,454,020\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 185,815\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Purchase of shares under Restricted Stock Unit (\u8220?RSU\u8221?) plan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (4,003,999\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Purchase of treasury shares\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (21,216,816\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (11,855,780\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Dividends to shareholders\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (7,015,794\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (13,674,234\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql (Increase)/decrease in restricted cash\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (111,232,195\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 13,696,761\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Amounts due to related parties\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,314,496\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Repayments of short-term bank loans and current portion of long-term bank\plain\intbl\cf1\f51\fs20\ql loans\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (503,479,828\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (14,868,503\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Proceeds from short-term bank loans and current portion of long-term bank\plain\intbl\cf1\f51\fs20\ql loans\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 335,814,445\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 26,367,481\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Repayment of long-term bank loans\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,403,019\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Proceeds from long-term bank loans\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 41,624,237\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 170,375,060\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Repayment of other short-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (364,240,569\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Proceeds from other short-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 12,249,492\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 428,837,561\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Repayment of other long-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (37,766,126\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (60,018,729\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Proceeds from other long-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 314,944,294\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 342,318,842\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Deferred charges\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,308,992\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (13,215,796\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Capital lease payments\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,204,634\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,021,892\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Repayment of mandatorily redeemable non-controlling interests\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,296,780\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (12,731,957\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Proceeds from mandatorily redeemable non-controlling interests\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 459,356\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 12,734,867\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net cash provided by financing activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,020,680\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 501,800,404\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql NET INCREASE IN CASH AND CASH EQUIVALENTS\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,172,719\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 360,761,008\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6757\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Effect of exchange rate changes on cash and cash equivalents\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (4,871,495\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 14,505,952\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clvertalb\cellx7385\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clvertalb\cellx9420\clvertalb\cellx10689\clvertalb\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Cash and cash equivalents, at beginning of period\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 387,528,092\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 578,244,378\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6757\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx6757\clvertalb\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10689\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6757\clvertalb\cellx6859\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7385\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8654\clvertalb\cellx8774\clvertalc\cellx8894\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9420\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10689\clvertalb\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6757\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql CASH AND CASH EQUIVALENTS, AT END OF PERIOD\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 416,829,316\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 953,511,338\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6757\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6859\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7385\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8654\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8774\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8894\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9420\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qc The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb264\cf1\f51\fs20\qc F-8\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs18\qc \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES{\*\bkmkstart notes_to_unaudited_condensed_con}{\*\bkmkend notes_to_unaudited_condensed_con}\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\sb264\cf1\f51\fs20\b\ql 1. Background information of business and organization\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql Xinyuan Real Estate Co., Ltd. (the \u8220?Company\u8221?) and its subsidiaries (collectively the \u8220?Group\u8221?)\plain\cf1\f51\fs20\ql are principally engaged in residential real estate development and the provision of property management services. The\plain\cf1\f51\fs20\ql Group\u8217?s operations are conducted mainly in the People\u8217?s Republic of China (\u8220?PRC\u8221?). In 2012, the\plain\cf1\f51\fs20\ql Group expanded its business into the U.S. residential real estate market.\~\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql As of June 30, 2017, subsidiaries of the Company and its consolidated variable interest entities included the following\plain\cf1\f51\fs20\ql entities:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2739\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2843\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4622\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4726\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7141\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7247\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7351\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8725\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8931\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9035\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh1254 \pard\plain\intbl\cf1\f51\fs20\b\ql Company Name\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered Place\plain\intbl\cf1\f51\fs20\b\qc and\par\pard\plain\intbl\cf1\f51\fs20\b\qc Date of\plain\intbl\cf1\f51\fs20\b\qc Incorporation\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered\par\pard\plain\intbl\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Percentage\par\pard\plain\intbl\cf1\f51\fs20\b\qc of Equity\par\pard\plain\intbl\cf1\f51\fs20\b\qc Directly\par\pard\plain\intbl\cf1\f51\fs20\b\qc Attributable\par\pard\plain\intbl\cf1\f51\fs20\b\qc to the Group\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Principal Activities\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2739\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2843\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4622\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4726\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7141\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7247\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7351\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8725\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8931\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9035\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh1254\row}}} {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2739\clshdng100\clcfpat10\clcbpat10\cellx2843\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4622\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4726\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5736\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5968\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6200\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7140\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7246\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7350\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7893\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8723\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8929\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9033\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\ql Subsidiary companies:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2739\clshdng100\clcfpat10\clcbpat10\cellx2843\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4622\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4726\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5736\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5968\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6200\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7140\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7246\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7350\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7893\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8723\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8929\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9033\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2739\clshdng100\clcfpat7\clcbpat7\cellx2843\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4622\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4726\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5736\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5968\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6200\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7140\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7246\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7350\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7893\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8723\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8929\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9033\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan International Property\plain\intbl\cf1\f51\fs20\ql Investment Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Cayman Islands\par\pard\plain\intbl\cf1\f51\fs20\ql October 6, 2011\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 500,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2739\clshdng100\clcfpat7\clcbpat7\cellx2843\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4622\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4726\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5736\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5968\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6200\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7140\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7246\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7350\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7893\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8723\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8929\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9033\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2739\clshdng100\clcfpat10\clcbpat10\cellx2843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4622\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4726\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5736\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5968\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6200\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7140\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7246\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7350\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8723\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8929\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9033\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan International (HK)\plain\intbl\cf1\f51\fs20\ql Property Investment Co.,\plain\intbl\cf1\f51\fs20\ql Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Hong Kong\par\pard\plain\intbl\cf1\f51\fs20\ql October 26, 2011\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql HK$\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2739\clshdng100\clcfpat10\clcbpat10\cellx2843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4622\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4726\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5736\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5968\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6200\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7140\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7246\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7350\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8723\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8929\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9033\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2739\clshdng100\clcfpat7\clcbpat7\cellx2843\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4622\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4726\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5736\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5968\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6200\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7140\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7246\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7350\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7893\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8723\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8929\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9033\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql XIN Development Group\plain\intbl\cf1\f51\fs20\ql International Inc.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql United States\par\pard\plain\intbl\cf1\f51\fs20\ql November 10, 2011\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 0\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ 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\~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ 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2012\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2739\clshdng100\clcfpat10\clcbpat10\cellx2843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4622\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4726\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5736\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5968\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6200\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7140\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7246\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7350\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7893\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8723\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8929\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9033\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-9\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain 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of\plain\intbl\cf1\f51\fs20\b\qc Incorporation\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered\par\pard\plain\intbl\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Percentage\par\pard\plain\intbl\cf1\f51\fs20\b\qc of Equity\par\pard\plain\intbl\cf1\f51\fs20\b\qc Directly\par\pard\plain\intbl\cf1\f51\fs20\b\qc Attributable\par\pard\plain\intbl\cf1\f51\fs20\b\qc to the Group\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Principal Activities\cell{ 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\~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ 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2013\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 60,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate development\cell{ 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{\trowd\clshdng100\clcfpat7\clcbpat7\cellx2577\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2675\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4381\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4479\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5415\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5647\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5879\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7022\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7120\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8450\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8656\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8754\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan (China) Real Estate,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql April 10, 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{\trowd\clshdng100\clcfpat10\clcbpat10\cellx2577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2675\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4381\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4479\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5415\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7022\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7120\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8450\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8656\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8754\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Real Estate\plain\intbl\cf1\f51\fs20\ql Co., Ltd. (\u8220?Henan\plain\intbl\cf1\f51\fs20\ql Xinyuan\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql May 19, 1997\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 200,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2675\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4381\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4479\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5415\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7022\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7120\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8450\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8656\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8754\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2577\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2675\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4381\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4479\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5415\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5647\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5879\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7022\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7120\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8450\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8656\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8754\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Qingdao Xinyuan Xiangrui\plain\intbl\cf1\f51\fs20\ql Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql February 9, 2006\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate development\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2577\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2675\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4381\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4479\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5415\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5647\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5879\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7022\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7120\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8450\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8656\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8754\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2675\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4381\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4479\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5415\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7022\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7120\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8450\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8656\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8754\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Shandong Xinyuan Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 2, 2006\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 300,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2675\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4381\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4479\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5415\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7022\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7120\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8450\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8656\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8754\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2577\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2675\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4381\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4479\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5415\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5647\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5879\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7022\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7120\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8450\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8656\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8754\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan Technology Service\plain\intbl\cf1\f51\fs20\ql Co., Ltd. (\u8220?Xinyuan\plain\intbl\cf1\f51\fs20\ql Service\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql December 28, 1998\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 94\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Property management\plain\intbl\cf1\f51\fs20\ql services\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2577\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2675\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4381\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4479\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5415\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5647\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5879\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7022\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7120\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8450\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8656\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8754\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2675\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4381\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4479\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5415\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7022\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7120\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8450\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8656\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8754\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Mingyuan Landscape\plain\intbl\cf1\f51\fs20\ql Engineering Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql February 17, 2004\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Landscaping\~engineering\plain\intbl\cf1\f51\fs20\ql and management\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2577\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2675\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4381\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4479\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5415\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7022\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7120\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8450\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8656\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8754\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-10\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain 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of\plain\intbl\cf1\f51\fs20\b\qc Incorporation\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered\par\pard\plain\intbl\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Percentage\par\pard\plain\intbl\cf1\f51\fs20\b\qc of Equity\par\pard\plain\intbl\cf1\f51\fs20\b\qc Directly\par\pard\plain\intbl\cf1\f51\fs20\b\qc Attributable\par\pard\plain\intbl\cf1\f51\fs20\b\qc to the Group\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Principal Activities\cell{ 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{\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\ql Subsidiary companies:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ 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{\trowd\clshdng100\clcfpat7\clcbpat7\cellx2691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5664\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5896\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7168\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7273\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7376\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8947\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9050\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Wanzhuo Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql December 29, 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Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 16, 2009\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 30,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ 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{\trowd\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan Renju (Beijing) Asset\plain\intbl\cf1\f51\fs20\ql Management Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 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{\trowd\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5664\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5896\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7168\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7273\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7376\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8947\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9050\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Jiantou Xinyuan\plain\intbl\cf1\f51\fs20\ql Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 13, 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{\trowd\clshdng100\clcfpat7\clcbpat7\cellx2691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5664\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5896\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7168\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7273\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7376\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8947\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9050\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Xinyuan Priority Real\plain\intbl\cf1\f51\fs20\ql Estate Consulting Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 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{\trowd\clshdng100\clcfpat7\clcbpat7\cellx2691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5664\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5896\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7168\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7273\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7376\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8947\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9050\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Priority\plain\intbl\cf1\f51\fs20\ql Commercial Management Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql August 10, 2012\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Leasing\plain\intbl\cf1\f51\fs20\ql management\plain\intbl\cf1\f51\fs20\ql services\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5664\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5896\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7168\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7273\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7376\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8947\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9050\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Suzhou Xinyuan Wanzhuo Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql September 20, 2012\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 200,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5664\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5896\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7168\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7273\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7376\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8947\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9050\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Jiangsu Jiajing Real Estate Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql March 28, 2005\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 150,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx2691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4663\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5664\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5896\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7168\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7273\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7376\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8947\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9050\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Beijing XIN Media Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql July 10, 2013\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Culture and Media\plain\intbl\cf1\f51\fs20\ql services\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2691\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2794\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4560\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5664\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5896\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6128\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7168\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7273\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7376\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7919\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8947\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9050\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-11\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2681\clvertalb\cellx2751\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4579\clvertalb\cellx4649\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7125\clvertalb\cellx7215\clvertalb\cellx7285\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8813\clvertalb\cellx9019\clvertalb\cellx9089\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254 \pard\plain\intbl\cf1\f51\fs20\b\ql Company Name\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered Place\plain\intbl\cf1\f51\fs20\b\qc and\par\pard\plain\intbl\cf1\f51\fs20\b\qc Date of\plain\intbl\cf1\f51\fs20\b\qc Incorporation\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered\par\pard\plain\intbl\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Percentage\par\pard\plain\intbl\cf1\f51\fs20\b\qc of Equity\par\pard\plain\intbl\cf1\f51\fs20\b\qc Directly\par\pard\plain\intbl\cf1\f51\fs20\b\qc Attributable\par\pard\plain\intbl\cf1\f51\fs20\b\qc to the Group\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Principal Activities\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2681\clvertalb\cellx2751\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4579\clvertalb\cellx4649\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7125\clvertalb\cellx7215\clvertalb\cellx7285\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8813\clvertalb\cellx9019\clvertalb\cellx9089\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254\row}}} {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\ql Subsidiary companies:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xingyang Xinyuan Real Estate\plain\intbl\cf1\f51\fs20\ql Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql July 25, 2013\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 200,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql APEC Construction Investment\plain\intbl\cf1\f51\fs20\ql (Beijing) Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 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{\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Jinan Xinyuan Wanzhuo Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql 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{\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xinrongji (Beijing) Investment\plain\intbl\cf1\f51\fs20\ql Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql December 25, 2013\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Sanya Beida Science and\plain\intbl\cf1\f51\fs20\ql Technology Park Industrial\plain\intbl\cf1\f51\fs20\ql Development Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 10, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 200,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Chengdu Xinyuan Wanzhuo\plain\intbl\cf1\f51\fs20\ql Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql February 21, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Hengsheng Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 19, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Xinyuan Xindo Park\plain\intbl\cf1\f51\fs20\ql E-commerce Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql August 12, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 202,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Electronic\plain\intbl\cf1\f51\fs20\ql commerce\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} 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PRC\par\pard\plain\intbl\cf1\f51\fs20\ql September 15, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 90\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ 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\~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql November 25, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Property\plain\intbl\cf1\f51\fs20\ql management\plain\intbl\cf1\f51\fs20\ql services\cell{ 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{\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Xinleju Technology\plain\intbl\cf1\f51\fs20\ql Development Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql December 24, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Technical service\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007 \pard\plain\intbl\cf1\f51\fs20\ql Changsha Xinyuan Wanzhuo\plain\intbl\cf1\f51\fs20\ql Real Estate Co., Ltd.\plain\intbl\cf1\f51\fs20\ql (\u8220?Changsha\plain\intbl\cf1\f51\fs20\ql Wanzhuo\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql April 3, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007\row}}} {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Shanghai Junxin Real Estate\plain\intbl\cf1\f51\fs20\ql Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 16, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Yue-Mart Commerce\plain\intbl\cf1\f51\fs20\ql and Trade Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 5, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 30,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Retail store\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Xinhe Investment\plain\intbl\cf1\f51\fs20\ql Development Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql May 5, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Jinan Xinyuan Commercial\plain\intbl\cf1\f51\fs20\ql Management Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql December 4, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Retail store\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Yue-Mart Commerce\plain\intbl\cf1\f51\fs20\ql and Trade Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql March 23, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Retail store\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Guangsheng\plain\intbl\cf1\f51\fs20\ql Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql July 27, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 40,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2681\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2751\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4579\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4649\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5619\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5851\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6083\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7123\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7213\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7283\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7826\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8810\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9016\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9086\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh1007 \pard\plain\intbl\cf1\f51\fs20\ql Shanghai Hexinli Property\plain\intbl\cf1\f51\fs20\ql Management Center (Limited\plain\intbl\cf1\f51\fs20\ql partnership) (\u8220?Shanghai\plain\intbl\cf1\f51\fs20\ql Hexinl\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql July 28, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 78.95\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Property\plain\intbl\cf1\f51\fs20\ql management\plain\intbl\cf1\f51\fs20\ql services\cell{ {\trowd\cellx2681\clvertalb\cellx2751\clvertalb\cellx4579\clvertalb\cellx4649\clvertalb\cellx5619\clvertalb\cellx5851\clvertalb\cellx6083\clvertalb\cellx7123\clvertalb\cellx7213\clvertalb\cellx7283\clvertalb\cellx7826\clvertalb\cellx8810\clvertalb\cellx9016\clvertalb\cellx9086\clvertalb\cellx10800\trrh1007\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-12\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2671\clvertalb\cellx2746\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4588\clvertalb\cellx4663\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7080\clvertalb\cellx7175\clvertalb\cellx7250\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8790\clvertalb\cellx8996\clvertalb\cellx9071\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254 \pard\plain\intbl\cf1\f51\fs20\b\ql Company Name\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered Place\plain\intbl\cf1\f51\fs20\b\qc and\par\pard\plain\intbl\cf1\f51\fs20\b\qc Date of\plain\intbl\cf1\f51\fs20\b\qc Incorporation\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered\par\pard\plain\intbl\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Percentage\par\pard\plain\intbl\cf1\f51\fs20\b\qc of Equity\par\pard\plain\intbl\cf1\f51\fs20\b\qc Directly\par\pard\plain\intbl\cf1\f51\fs20\b\qc Attributable\par\pard\plain\intbl\cf1\f51\fs20\b\qc to the Group\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Principal Activities\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2671\clvertalb\cellx2746\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4588\clvertalb\cellx4663\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7080\clvertalb\cellx7175\clvertalb\cellx7250\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8790\clvertalb\cellx8996\clvertalb\cellx9071\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh289 {\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\b\ql Subsidiary companies:\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh289\row}}} {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Shenzhen Xilefu Internet\plain\intbl\cf1\f51\fs20\ql Financial Service Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 12, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} 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\~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\par\pard\plain\intbl\cf1\f51\fs20\qr 1,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\par\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ 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\~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} 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\~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Shenzhen Xinchuang\plain\intbl\cf1\f51\fs20\ql Investment Consulting Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 20, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 500,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Shenzhen Keye Investment Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql February 26, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Henan Yueshenghang Property\plain\intbl\cf1\f51\fs20\ql Service Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql April 15, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Property\plain\intbl\cf1\f51\fs20\ql management\plain\intbl\cf1\f51\fs20\ql services\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Quansheng\plain\intbl\cf1\f51\fs20\ql Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 14, 2015\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 40,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Shengdao Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql October 14, 2013\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Shunsheng\plain\intbl\cf1\f51\fs20\ql Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 13, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 30,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Hunan Erli Real Estate Co.,\plain\intbl\cf1\f51\fs20\ql Ltd. (\u8220?Hunan\plain\intbl\cf1\f51\fs20\ql Erli\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 4, 2008\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Ningbo Meishan Bonded Port\plain\intbl\cf1\f51\fs20\ql Xinshoulei Investment\plain\intbl\cf1\f51\fs20\ql Management Co., Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql July 13, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan (China) Technology\plain\intbl\cf1\f51\fs20\ql Research Institute Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Hong Kong\par\pard\plain\intbl\cf1\f51\fs20\ql July 8, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql HK$\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql XIN Queens Holding LLC\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql United States\par\pard\plain\intbl\cf1\f51\fs20\ql July 6, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Queens Theatre Holdco LLC\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql United States\par\pard\plain\intbl\cf1\f51\fs20\ql July 6, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Queens Theatre Owner LLC\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql United States\par\pard\plain\intbl\cf1\f51\fs20\ql July 6, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql US$\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\cellx2671\clvertalb\cellx2746\clvertalb\cellx4588\clvertalb\cellx4663\clvertalb\cellx5647\clvertalb\cellx5879\clvertalb\cellx6111\clvertalb\cellx7078\clvertalb\cellx7173\clvertalb\cellx7248\clvertalb\cellx7791\clvertalb\cellx8788\clvertalb\cellx8994\clvertalb\cellx9069\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan Future Science &\plain\intbl\cf1\f51\fs20\ql Technology Research (Beijing)\plain\intbl\cf1\f51\fs20\ql Co., Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql July 8, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2671\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2746\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4588\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4663\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5647\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5879\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7078\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7173\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7791\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8788\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8994\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9069\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-13\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2885\clvertalb\cellx2960\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4728\clvertalb\cellx4803\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7223\clvertalb\cellx7318\clvertalb\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8872\clvertalb\cellx9078\clvertalb\cellx9153\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254 \pard\plain\intbl\cf1\f51\fs20\b\ql Company Name\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered Place\plain\intbl\cf1\f51\fs20\b\qc and\par\pard\plain\intbl\cf1\f51\fs20\b\qc Date of\plain\intbl\cf1\f51\fs20\b\qc Incorporation\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered\par\pard\plain\intbl\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Percentage\par\pard\plain\intbl\cf1\f51\fs20\b\qc of Equity\par\pard\plain\intbl\cf1\f51\fs20\b\qc Directly\par\pard\plain\intbl\cf1\f51\fs20\b\qc Attributable\par\pard\plain\intbl\cf1\f51\fs20\b\qc to the Group\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Principal\plain\intbl\cf1\f51\fs20\b\ql Activities\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2885\clvertalb\cellx2960\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4728\clvertalb\cellx4803\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7223\clvertalb\cellx7318\clvertalb\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8872\clvertalb\cellx9078\clvertalb\cellx9153\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254\row}}} {\trowd\clvertalb\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh289 {\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\b\ql Subsidiary companies:\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell{ {\trowd\clvertalb\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh289\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Xinnan Real Estate\plain\intbl\cf1\f51\fs20\ql Co., Ltd. (\u8220?Zhengzhou\plain\intbl\cf1\f51\fs20\ql Xinnan\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql January 21, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 51\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Xinyan Investment Management\plain\intbl\cf1\f51\fs20\ql Co.,\plain\intbl\cf1\f51\fs20\ql Limited(\u8220?Xinrock\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql April 8, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 70\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Hangzhou Investment Consulting\plain\intbl\cf1\f51\fs20\ql Co., Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql May 25, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 70\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Hunan Yue-Mart Commercial\plain\intbl\cf1\f51\fs20\ql Management Co.,Ltd\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql October 11, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Retail store\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan Tianjin Technology\plain\intbl\cf1\f51\fs20\ql Development Co., Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql December 8, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Industrial Co.,\plain\intbl\cf1\f51\fs20\ql Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql December 22, 2016\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh512\row}}} 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{\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Hunan Xintian Real Estate Co.,\plain\intbl\cf1\f51\fs20\ql Ltd. (\u8220?Hunan\plain\intbl\cf1\f51\fs20\ql Xintian\u8221?)(1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql September 28, 2009\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ 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{\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh1007 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Hangmei Technology\plain\intbl\cf1\f51\fs20\ql Development Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.(\u8220?Zhengzhou\plain\intbl\cf1\f51\fs20\ql Hangmei\u8221?)(2)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql November 25, 2014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 51\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh1007\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Hangmei Zhengxing\plain\intbl\cf1\f51\fs20\ql Technology Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.(\u8220?Hangmei\plain\intbl\cf1\f51\fs20\ql 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{\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Xi\u8217?an Dingrun Real Estate\plain\intbl\cf1\f51\fs20\ql Co., Ltd. (\u8220?Xi\u8217?an\plain\intbl\cf1\f51\fs20\ql Dingrun\u8221?)(4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 1, 2011\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Kangshengboda Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\plain\intbl\cf1\f51\fs20\ql (\u8220?Zhengzhou\plain\intbl\cf1\f51\fs20\ql 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{\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Xinyuan Technology\plain\intbl\cf1\f51\fs20\ql Development Operation Henan\plain\intbl\cf1\f51\fs20\ql Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql March 16, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Zhuhai Prince Real Estate Co.,\plain\intbl\cf1\f51\fs20\ql Ltd. (\u8220?Zhuhai\plain\intbl\cf1\f51\fs20\ql Prince\u8221?)(6)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql September 13, 1990\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Henan Renxin Real Estate Co.,\plain\intbl\cf1\f51\fs20\ql Ltd. (\u8220?Henan\plain\intbl\cf1\f51\fs20\ql Renxin\u8221?)(7)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql July 11, 2008\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 200,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 51\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Huanzhou Construction\plain\intbl\cf1\f51\fs20\ql Engineering Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 1, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh512\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Kunshan Litai Construction Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 29, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 30,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh0 \pard\plain\intbl\cf1\f51\fs20\ql Suzhou Danhua Construction Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 29, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 30,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\cellx2885\clvertalb\cellx2960\clvertalb\cellx4728\clvertalb\cellx4803\clvertalb\cellx5717\clvertalb\cellx5949\clvertalb\cellx6181\clvertalb\cellx7221\clvertalb\cellx7316\clvertalb\cellx7391\clvertalb\cellx7934\clvertalb\cellx8870\clvertalb\cellx9076\clvertalb\cellx9151\clvertalb\cellx10800\trrh0\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Xinchuang Technology Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql May 2, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2885\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2960\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4728\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4803\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5717\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5949\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6181\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7221\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7316\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7391\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7934\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8870\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9076\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9151\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-14\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2672\clvertalb\cellx2747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4570\clvertalb\cellx4645\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7117\clvertalb\cellx7212\clvertalb\cellx7287\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8811\clvertalb\cellx9017\clvertalb\cellx9092\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254 \pard\plain\intbl\cf1\f51\fs20\b\ql Company Name\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered Place\plain\intbl\cf1\f51\fs20\b\qc and\par\pard\plain\intbl\cf1\f51\fs20\b\qc Date of\plain\intbl\cf1\f51\fs20\b\qc Incorporation\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Registered\par\pard\plain\intbl\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Percentage\par\pard\plain\intbl\cf1\f51\fs20\b\qc of Equity\par\pard\plain\intbl\cf1\f51\fs20\b\qc Directly\par\pard\plain\intbl\cf1\f51\fs20\b\qc Attributable\par\pard\plain\intbl\cf1\f51\fs20\b\qc to the Group\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Principal Activities\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2672\clvertalb\cellx2747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4570\clvertalb\cellx4645\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7117\clvertalb\cellx7212\clvertalb\cellx7287\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8811\clvertalb\cellx9017\clvertalb\cellx9092\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh1254\row}}} {\trowd\clvertalb\cellx2672\clvertalb\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalb\cellx5843\clvertalb\cellx6075\clvertalb\cellx7115\clvertalb\cellx7210\clvertalb\cellx7285\clvertalb\cellx7828\clvertalb\cellx8809\clvertalb\cellx9015\clvertalb\cellx9090\clvertalb\cellx10800\trrh289 {\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\b\ql Subsidiary companies:\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs22\qr \~\cell\pard\plain\intbl\cf1\f51\fs22\ql \~\cell{ {\trowd\clvertalb\cellx2672\clvertalb\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalb\cellx5843\clvertalb\cellx6075\clvertalb\cellx7115\clvertalb\cellx7210\clvertalb\cellx7285\clvertalb\cellx7828\clvertalb\cellx8809\clvertalb\cellx9015\clvertalb\cellx9090\clvertalb\cellx10800\trrh289\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Hangzhou Xinyansuifeng\plain\intbl\cf1\f51\fs20\ql Investment Partnership\plain\intbl\cf1\f51\fs20\ql Enterprise (Limited partnership)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql April 11, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh759\row}}} {\trowd\cellx2672\clvertalb\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalb\cellx5843\clvertalb\cellx6075\clvertalb\cellx7115\clvertalb\cellx7210\clvertalb\cellx7285\clvertalb\cellx7828\clvertalb\cellx8809\clvertalb\cellx9015\clvertalb\cellx9090\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Hangzhou Huiyuan Investment\plain\intbl\cf1\f51\fs20\ql Management Partnership\plain\intbl\cf1\f51\fs20\ql Enterprise (Limited partnership)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql May 23, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Investment holding\plain\intbl\cf1\f51\fs20\ql company\cell{ {\trowd\cellx2672\clvertalb\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalb\cellx5843\clvertalb\cellx6075\clvertalb\cellx7115\clvertalb\cellx7210\clvertalb\cellx7285\clvertalb\cellx7828\clvertalb\cellx8809\clvertalb\cellx9015\clvertalb\cellx9090\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xinyuan Education\plain\intbl\cf1\f51\fs20\ql Technology, Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql May 31, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 51\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\cellx2672\clvertalb\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalb\cellx5843\clvertalb\cellx6075\clvertalb\cellx7115\clvertalb\cellx7210\clvertalb\cellx7285\clvertalb\cellx7828\clvertalb\cellx8809\clvertalb\cellx9015\clvertalb\cellx9090\clvertalb\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql Shenzhen Ruizhuoxizhi\plain\intbl\cf1\f51\fs20\ql Technology Development Co.,\plain\intbl\cf1\f51\fs20\ql Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 29, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Dormant\cell{ {\trowd\cellx2672\clvertalb\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalb\cellx5843\clvertalb\cellx6075\clvertalb\cellx7115\clvertalb\cellx7210\clvertalb\cellx7285\clvertalb\cellx7828\clvertalb\cellx8809\clvertalb\cellx9015\clvertalb\cellx9090\clvertalb\cellx10800\trrh759\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\cellx2672\clvertalc\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalc\cellx5843\clvertalc\cellx6075\clvertalc\cellx7115\clvertalc\cellx7210\clvertalc\cellx7285\clvertalc\cellx7828\clvertalc\cellx8809\clvertalc\cellx9015\clvertalc\cellx9090\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql VIE:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx2672\clvertalc\cellx2747\clvertalb\cellx4570\clvertalb\cellx4645\clvertalb\cellx5611\clvertalc\cellx5843\clvertalc\cellx6075\clvertalc\cellx7115\clvertalc\cellx7210\clvertalc\cellx7285\clvertalc\cellx7828\clvertalc\cellx8809\clvertalc\cellx9015\clvertalc\cellx9090\clvertalb\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Ruihao Rongtong Real\plain\intbl\cf1\f51\fs20\ql Estate Co., Ltd.\plain\intbl\cf1\f51\fs20\ql (\u8220?Ruihao\plain\intbl\cf1\f51\fs20\ql Rongtong\u8221?)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql PRC\par\pard\plain\intbl\cf1\f51\fs20\ql June 15, 2006\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql RMB\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 250,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 65\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Real estate\plain\intbl\cf1\f51\fs20\ql development\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx2672\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx2747\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4570\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4645\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5611\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5843\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6075\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7115\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7210\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7285\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7828\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8809\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9015\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9090\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh1007\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\cellx432\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql Acquired on January 25, 2017.\cell{ {\trowd\cellx432\cellx10800\trrh248\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh292 \pard\plain\intbl\sb44\cf1\f51\fs20\ql (2)\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Acquired on January 18, 2017.\cell{ {\trowd\cellx432\cellx10800\trrh292\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh540 \pard\plain\intbl\sb44\cf1\f51\fs20\ql (3)\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Acquired on January 18, 2017. The Company indirectly controls Hangmei Zhengxin through its subsidiary, Zhengzhou\plain\intbl\cf1\f51\fs20\ql Hangmei, which owns 60% equity interest in Hangmei Zhengxing.\cell{ {\trowd\cellx432\cellx10800\trrh540\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh292 \pard\plain\intbl\sb44\cf1\f51\fs20\ql (4)\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Acquired on May 10, 2017.\cell{ {\trowd\cellx432\cellx10800\trrh292\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh292 \pard\plain\intbl\sb44\cf1\f51\fs20\ql (5)\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Acquired on June 23, 2017.\cell{ {\trowd\cellx432\cellx10800\trrh292\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh292 \pard\plain\intbl\sb44\cf1\f51\fs20\ql (6)\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Acquired on June 28, 2017.\cell{ {\trowd\cellx432\cellx10800\trrh292\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh292 \pard\plain\intbl\sb44\cf1\f51\fs20\ql (7)\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Acquired on June 20, 2017.\cell{ {\trowd\cellx432\cellx10800\trrh292\row}}}\pard\plain\sb264\fi528\cf1\f51\fs20\ql Equity holdings remained unchanged throughout the six months ended June 30, 2017 except for Zhengzhou Hangmei,\plain\cf1\f51\fs20\ql Hangmei Zhengxing, Hunan Xintian, Xi\u8217?an Dingrun, Zhengzhou Kangshengboda, Zhuhai Prince and Henan Renxin.\par\pard\plain\sb396\cf1\f51\fs20\b\ql 2. Summary of significant accounting policies\par\pard\plain\sb132\cf1\f51\fs20\b\i\ql (a) The Company and basis of presentation and consolidation\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql The Group is principally engaged in residential real estate development and the provision of property management services.\plain\cf1\f51\fs20\ql The Group\u8217?s operations are conducted mainly in the PRC. In 2012, the Group expanded its business into the U.S.\plain\cf1\f51\fs20\ql residential real estate market. The accompanying unaudited condensed consolidated financial statements have been prepared in\plain\cf1\f51\fs20\ql accordance with U.S. generally accepted accounting principles (\u8220?U.S. GAAP\u8221?). The unaudited condensed\plain\cf1\f51\fs20\ql consolidated financial statements include the financial statements of the Company and its subsidiaries. All inter-company\plain\cf1\f51\fs20\ql transactions and balances between the Company and its subsidiaries have been eliminated upon consolidation.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql These unaudited condensed consolidated financial statements of the Group have been prepared in accordance with U.S.\plain\cf1\f51\fs20\ql GAAP for interim financial information using accounting policies that are consistent with those used in the preparation of the\plain\cf1\f51\fs20\ql Company\u8217?s audited consolidated financial statements for the year ended December 31, 2016. Accordingly, these unaudited\plain\cf1\f51\fs20\ql condensed consolidated financial statements do not include all of the information and footnotes required by U.S. GAAP for\plain\cf1\f51\fs20\ql annual financial statements.{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal\plain\cf1\f51\fs20\ql recurring adjustments necessary to present fairly the financial position, operating results and cash flows of the Company for each\plain\cf1\f51\fs20\ql of the periods presented. The results of operations for the six months ended June 30, 2017 are not necessarily indicative of results\plain\cf1\f51\fs20\ql to be\par\pard\plain\sb264\cf1\f51\fs20\qc F-15\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\ql expected for any other interim period or for the full year of 2017. The condensed consolidated balance sheet as of December 31,\plain\cf1\f51\fs20\ql 2016 was derived from the audited consolidated financial statements at that date but does not include all of the disclosures\plain\cf1\f51\fs20\ql required by U.S. GAAP for annual financial statements. These unaudited condensed consolidated financial statements should be\plain\cf1\f51\fs20\ql read in conjunction with the Company\u8217?s consolidated financial statements included in the Annual Report on Form 20-F\plain\cf1\f51\fs20\ql for the fiscal year ended December 31, 2016.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql Subsidiaries are consolidated from the date on which control is transferred to the Group and cease to be consolidated from\plain\cf1\f51\fs20\ql the date on which control is transferred out of the Group. Where there is a loss of control of a subsidiary, the unaudited\plain\cf1\f51\fs20\ql condensed consolidated financial statements include the results for the part of the reporting year during which the Group has\plain\cf1\f51\fs20\ql control.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In accordance with ASC 810,\plain\cf1\f51\fs20\i\ql Consolidation\plain\cf1\f51\fs20\ql , Ruihao Rongtong as of June 30, 2017 and December 31, 2016 is variable\plain\cf1\f51\fs20\ql interest entity as it was not established with sufficient equity at risk to finance its activities without additional subordinated\plain\cf1\f51\fs20\ql financial support. As of June 30, 2017 and December 31, 2016, the Company is considered as the primary beneficiary of Ruihao\plain\cf1\f51\fs20\ql Rongtong, as it has the power to direct the activities of Ruihao Rongtong that most significantly impact its economic performance\plain\cf1\f51\fs20\ql and has the obligation to absorb the losses and the right to receive benefits from Ruihao Rongtong through its voting interest\plain\cf1\f51\fs20\ql underlying the 65% equity interests, in accordance with PRC Company Law and the articles of association of Ruihao Rongtong.\plain\cf1\f51\fs20\ql Based on the above, Ruihao Rongtong is consolidated by the Company.\~\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql Ruihao Rongtong, with registered capital of US$37.6 million (RMB250.0 million), was invested in by the Company on\plain\cf1\f51\fs20\ql May 6, 2015, for the purpose of undertaking a residential property development project in Beijing. On March 1, 2016\plain\cf1\f51\fs20\ql (\u8220?transaction date\u8221?), June 28, 2016 and September 18, 2016, an unrelated trustee company, Ping\u8217?an trust Co.,\plain\cf1\f51\fs20\ql Ltd. (\u8220?Ping\u8217?an trust\u8221?) purchased 20%, 5% and 10% of the Company\u8217?s equity interest in Ruihao\plain\cf1\f51\fs20\ql Rongtong, respectively, and loaned US$124.3 million (RMB862.5 million) in aggregate to the Group. On February 28, 2017, the\plain\cf1\f51\fs20\ql Company repurchased the 35% equity interest of Ruihao Rongtong from Ping\u8217?an trust. On May 23, 2017, Ping\u8217?an\plain\cf1\f51\fs20\ql trust subsequently repurchased back 35% of the Company\u8217?s equity interest in Ruihao Rongtong, and loaned US$234.2\plain\cf1\f51\fs20\ql million (RMB1.59 billion) in aggregate to the Group. As of June 30, 2017, Ruihao Rongtong had one project under construction.\plain\cf1\f51\fs20\ql Pursuant to the share purchase agreement, the 35% of non-controlling equity interest of Ruihao Rongtong will be repurchased by\plain\cf1\f51\fs20\ql the Company in cash at the earlier of the second anniversary date, or the date the Company elects to repurchase the 35% equity\plain\cf1\f51\fs20\ql interest of Ruihao Rongtong. Therefore, the non-controlling interest is mandatorily redeemable and is accounted for as liability in\plain\cf1\f51\fs20\ql accordance with ASC 480, Distinguishing Liabilities from Equity. In addition, since the Company planned to repurchase the 35%\plain\cf1\f51\fs20\ql equity interest of Ruihao Rongtong within the next 12 months, the liability is classified as current liability as of June 30, 2017.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The carrying amounts and classifications of the assets and liabilities of the VIEs are as follows:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December 31,\par\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30,\par\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6845\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Current assets\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 143,994,102\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 149,306,353\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6845\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Non-current assets\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,184\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 62,117\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6845\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6845\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total assets\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 144,004,286\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 149,368,470\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6845\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6845\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 109,607,206\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 115,503,856\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Non-current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6845\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7393\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8778\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8883\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9409\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total liabilities\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 109,607,206\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 115,503,856\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6845\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7393\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8883\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\qc F-16\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\fi528\cf1\f51\fs20\ql The financial performance and cash flows of the VIEs are as follows:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6744\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six months ended June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6744\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6744\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8652\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8772\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8892\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6744\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8652\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8772\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8892\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8652\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8772\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8892\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8652\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8772\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8892\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8652\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8772\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8892\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8652\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8772\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8892\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6744\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6849\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7375\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8651\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8771\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8891\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9417\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Revenue\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 97,735,245\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6744\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6849\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7375\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8651\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8771\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8891\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9417\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8651\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8771\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8891\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Cost of revenue\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (69,973,777\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8651\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8771\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8891\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6744\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6849\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7375\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8651\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8771\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8891\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9417\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net income/(loss)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,432,349\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,338,996\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6744\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6849\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7375\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8651\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8771\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8891\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9417\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8651\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8771\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8891\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net cash provided/(used in) by operating activities\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 17,690,147\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (5,763,624\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8651\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8771\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8891\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6744\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6849\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7375\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8651\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8771\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8891\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9417\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net cash used in investing activities\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (4,627,334\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx6744\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6849\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7375\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8651\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8771\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8891\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9417\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8651\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8771\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8891\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Net cash provided/(used in) by financing activities\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,839,240\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,036,391\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx6744\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6849\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8651\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8771\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8891\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\fi528\cf1\f51\fs20\ql As of June 30, 2017, the current liabilities of the VIE included amounts due to subsidiaries of the Group of\plain\cf1\f51\fs20\ql US$110,471,203 (December 31, 2016: US$105,701,841), which was eliminated upon consolidation by the Company.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql As of June 30, 2017, the land use rights included in real estate properties under development of the VIE of US$85,962,895\plain\cf1\f51\fs20\ql (December 31, 2016: US$76,002,595) were pledged as collateral for other debt. Creditors of the VIE have no recourse to the\plain\cf1\f51\fs20\ql general credit of the primary beneficiary.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The VIE contributed nil (Six-month period ended June 30, 2016: 16.0%) of the Company\u8217?s consolidated revenues\plain\cf1\f51\fs20\ql for the six-month period ended June 30, 2017.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql (b) Use of Estimates\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and\plain\cf1\f51\fs20\ql assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying\plain\cf1\f51\fs20\ql notes, and disclosure of contingent liabilities at the date of the unaudited condensed consolidated financial statements. Estimates\plain\cf1\f51\fs20\ql are used for, but not limited to, the selection of the useful lives of property and equipment and capital lease, allowance for\plain\cf1\f51\fs20\ql doubtful debt associated with accounts receivable, other receivables, deposit for land use rights, other deposits and prepayments\plain\cf1\f51\fs20\ql and advances to suppliers, fair values of the purchase price allocation with respect to business combinations, revenue recognition\plain\cf1\f51\fs20\ql for percentage of completion method, accounting for the share-based compensation, classification of financial instruments,\plain\cf1\f51\fs20\ql accounting for mandatorily redeemable non-controlling interests, accounting for deferred income taxes, impairment of real estate\plain\cf1\f51\fs20\ql properties under development, real estate properties held for lease and long-term investments, and provision necessary for\plain\cf1\f51\fs20\ql contingent liabilities. Management analyzed the forecasted cash flows for the twelve months from September 22, 2017, which\plain\cf1\f51\fs20\ql indicates that the Group will have sufficient liquidity from cash flows generated by operations and existing credit facilities and\plain\cf1\f51\fs20\ql therefore will be sufficient financial resources to settle borrowings and payables that will be due in the next twelve\plain\cf1\f51\fs20\ql months.\~Management believes that the estimates utilized in preparing its unaudited condensed consolidated financial statements\plain\cf1\f51\fs20\ql are reasonable and prudent. Actual results could differ from these estimates.\~\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql (c) Foreign currency translation\~\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql The Group\u8217?s financial information is presented in U.S. dollars. The functional currency of the Company is U.S.\plain\cf1\f51\fs20\ql dollars. The functional currency of the Company\u8217?s subsidiaries in the PRC is Renminbi (\u8220?RMB\u8221?), the\plain\cf1\f51\fs20\ql currency of the PRC. The functional currency of the Company\u8217?s subsidiaries in Malaysia is Malaysian Ringgit\plain\cf1\f51\fs20\ql (\u8220?MYR\u8221?), the currency of the Malaysia. The functional currency of the Company\u8217?s subsidiaries other than\plain\cf1\f51\fs20\ql those in the PRC and Malaysia is U.S. dollars. Transactions by the Company\u8217?s subsidiaries which are denominated in\plain\cf1\f51\fs20\ql currencies other than RMB are remeasured into RMB at the exchange rate quoted by the People\u8217?s Bank of China\plain\cf1\f51\fs20\ql (\u8220?PBOC\u8221?) prevailing on the dates of the transactions. Exchange gains and losses resulting from transactions\plain\cf1\f51\fs20\ql denominated in a currency other than RMB are included in the consolidated statements of comprehensive income as exchange\plain\cf1\f51\fs20\ql gains or losses. The unaudited condensed consolidated financial statements of the Company\u8217?s subsidiaries have been\plain\cf1\f51\fs20\ql translated into U.S. dollars in accordance with ASC 830,\plain\cf1\f51\fs20\i\ql Foreign Currency Matters\plain\cf1\f51\fs20\ql . The PRC subsidiaries\u8217? financial\plain\cf1\f51\fs20\ql information is first prepared in RMB and then is translated into U.S. dollars at period-end exchange rates as to assets and\plain\cf1\f51\fs20\ql liabilities and average exchange rates as to revenue and expenses. Capital accounts are translated at their historical exchange rates\plain\cf1\f51\fs20\ql when the capital transactions occurred.\par\pard\plain\sb264\cf1\f51\fs20\qc F-17\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The effects of foreign currency translation adjustments are included as a component of accumulated other comprehensive\plain\cf1\f51\fs20\ql income in shareholders\u8217? equity.\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5590\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5693\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7247\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7353\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7456\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8926\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9032\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9135\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30,\par\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December 31,\par\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30,\par\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5590\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5693\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7247\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7353\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7456\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8926\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9032\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9135\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5590\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5693\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7247\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7353\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7456\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8926\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9032\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9135\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5590\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5693\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7247\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7353\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7456\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8926\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9032\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9135\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5590\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5693\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6219\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7246\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7352\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7455\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7898\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8925\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9031\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9134\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9660\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Period end RMB: US$ exchange rate\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6.6312\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6.9370\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6.7744\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat10\clcbpat10\cellx5590\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5693\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6219\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7246\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7352\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7455\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7898\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8925\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9031\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9134\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9660\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5590\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5693\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6219\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7246\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7352\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7455\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7898\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8925\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9031\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9134\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9660\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Period average RMB: US$ exchange rate\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6.5309\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6.6401\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6.8709\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx5590\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5693\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6219\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7246\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7352\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7455\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7898\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8925\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9031\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9134\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9660\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\fi528\cf1\f51\fs20\ql RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through\plain\cf1\f51\fs20\ql authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into U.S.\plain\cf1\f51\fs20\ql dollars at the rates used in translation.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql (d) Senior Secured Notes\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql On December 6, 2013, the Company issued notes with an aggregate principal amount of US$200,000,000 due on June 6,\plain\cf1\f51\fs20\ql 2019 (the \u8220?June 2019 Senior Secured Notes\u8221?) at a coupon rate of 13% per annum payable semi-annually. Interest is\plain\cf1\f51\fs20\ql payable on June 6 and December 6 of each year, commencing June 6, 2014. Given that the June 2019 Senior Secured Notes is\plain\cf1\f51\fs20\ql debt in its legal form and is not a derivative in its entirety, it has been classified as other long-term debt. The Company has\plain\cf1\f51\fs20\ql evaluated and determined that there was no embedded derivative requiring bifurcation from the June 2019 Senior Secured Notes\plain\cf1\f51\fs20\ql under the requirements of ASC 815. The embedded redemption options and repurchase features did not qualify for derivative\plain\cf1\f51\fs20\ql accounting because the embedded derivatives were considered clearly and closely related to the characteristics of the June 2019\plain\cf1\f51\fs20\ql Senior Secured Notes. The June 2019 Senior Secured Notes were issued at par.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql On February 13, 2015, through a consent solicitation to the holders of the June 2019 Secured Notes, the Company amended\plain\cf1\f51\fs20\ql the June 2019 Indentures (collectively, known as the \u8220?Indentures\u8221?) to provide it with additional flexibility in\plain\cf1\f51\fs20\ql pursuing new business opportunities and new sources of capital. The amendments to the Indentures include changes to: (i) incur\plain\cf1\f51\fs20\ql additional Indebtedness (as defined in the Indentures) in furtherance of the Company\u8217?s business plans; (ii) make certain\plain\cf1\f51\fs20\ql Restricted Payments (as defined in the Indentures) and Permitted Investments (as defined in the Indentures); and (iii) make\plain\cf1\f51\fs20\ql certain deemed Investments (as defined in the Indentures) without having to satisfy the Fixed Charge Coverage Ratio (as defined\plain\cf1\f51\fs20\ql in the Indentures) requirement. The amendments also amend (i) the \u8220?Limitation on Issuances of Guarantees by Restricted\plain\cf1\f51\fs20\ql Subsidiaries\u8221? covenant in the Indentures to the extent that the Company believes necessary as a result of the amendments\plain\cf1\f51\fs20\ql to other covenants and (ii) the \u8220?Limitation on Asset Sales\u8221? covenant in the Indentures to remove the Fixed Charge\plain\cf1\f51\fs20\ql Coverage Ratio requirement for Asset Dispositions (as defined in the Indentures). The amendments also amended certain related\plain\cf1\f51\fs20\ql definitions in the Indentures. The Company accounted for the amendments, which did not result in a debt extinguishment\plain\cf1\f51\fs20\ql pursuant to ASC 470-50, Debt \u8211?\plain\cf1\f51\fs20\i\ql Modifications and Exchanges\plain\cf1\f51\fs20\ql .\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql On February 3, 2016, through a consent solicitation to the holders of the June 2019 Secured Notes, the Company amended\plain\cf1\f51\fs20\ql the Indentures to provide it with additional flexibility in pursuing new business opportunities and new sources of capital. The\plain\cf1\f51\fs20\ql amendments to the Indentures include: (i) amending the provisions relating to future Subsidiary Guarantors, JV Subsidiary\plain\cf1\f51\fs20\ql Guarantors and pledged subsidiary Capital Stock (each, as defined in the Indentures); (ii) amending the \u8220?Limitation on\plain\cf1\f51\fs20\ql Indebtedness and Preferred Stock\u8221? covenant; (iii) amending the \u8220?Limitation on Transactions with Shareholders and\plain\cf1\f51\fs20\ql Affiliates\u8221? covenant and the provisions relating to \u8220?Designation of Restricted Subsidiaries and Unrestricted\plain\cf1\f51\fs20\ql Subsidiaries\u8221?; (iv) amending the definition of \u8220?Permitted Investment\u8221? and the \u8220?Limitation on Restricted\plain\cf1\f51\fs20\ql Payments\u8221? covenant; and (v) removing the \u8220?Limitation on the Company\u8217?s Business Activities\u8221?\plain\cf1\f51\fs20\ql covenant and amend the related definitions and provisions. The amendments also clarify certain other provisions in the\plain\cf1\f51\fs20\ql Indentures.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql On August 30, 2016, the Company issued notes with an aggregate principal amount of US$300,000,000 due on August 30,\plain\cf1\f51\fs20\ql 2019 (the \u8220?August 2019 Senior Secured Notes\u8221?) at a coupon rate of 8.125% per annum payable semi-annually.\plain\cf1\f51\fs20\ql Interest is payable on February 28 and August 30 of each year, commencing February 28, 2017. The August 2019 Senior\plain\cf1\f51\fs20\ql Secured Notes have a three year term maturing on August 30, 2019. Given that the August 2019 Senior Secured Notes is debt in\plain\cf1\f51\fs20\ql its legal form and is not a derivative in its entirety, it has been classified as other long-term debt. The Company has evaluated\plain\cf1\f51\fs20\ql and determined that there was no embedded derivative requiring bifurcation from the August 2019 Senior Secured Notes under\plain\cf1\f51\fs20\ql the requirements of ASC 815. The embedded redemption options and repurchase features did not qualify for derivative\plain\cf1\f51\fs20\ql accounting because the embedded derivatives were considered clearly and closely related to the characteristics of the August 2019\plain\cf1\f51\fs20\ql Senior Secured Notes. The August 2019 Senior Secured Notes were issued at par.\par\pard\plain\sb264\cf1\f51\fs20\qc F-18\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql On February 28, 2017, the Company issued notes with an aggregate principal amount of US$300,000,000 due on February\plain\cf1\f51\fs20\ql 28, 2021 (the \u8220?February 2021 Senior Secured Notes\u8221?) at a coupon rate of 7.75% per annum payable\plain\cf1\f51\fs20\ql semi-annually. Interest will be payable on February 28 and August 28 of each year, commencing August 28, 2017. The February\plain\cf1\f51\fs20\ql 2021 Senior Secured Notes have a four year term maturing on February 28, 2021. Given that the February 2021 Senior Secured\plain\cf1\f51\fs20\ql Notes is debt in its legal form and is not a derivative in its entirety, it has been classified as other long-term debt. The Company\plain\cf1\f51\fs20\ql has evaluated and determined that there was no embedded derivative requiring bifurcation from the February 2021 Senior\plain\cf1\f51\fs20\ql Secured Notes under the requirements of ASC 815. The embedded redemption options and repurchase features did not qualify for\plain\cf1\f51\fs20\ql derivative accounting because the embedded derivatives were considered clearly and closely related to the characteristics of the\plain\cf1\f51\fs20\ql February 2021 Senior Secured Notes. The February 2021 Senior Secured Notes were issued at a discount.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql (e) Asset acquisitions and business combinations\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql Pursuant to ASC 805,\plain\cf1\f51\fs20\i\ql Business Combinations\plain\cf1\f51\fs20\ql (\u8220?ASC 805\u8221?), the Company determines whether a transaction or\plain\cf1\f51\fs20\ql other event is a business combination by applying the definition below, which requires that the assets acquired and liabilities\plain\cf1\f51\fs20\ql assumed constitute a business. If the assets acquired are not a business, the reporting entity shall account for the transaction or\plain\cf1\f51\fs20\ql other event as an asset acquisition. A business consists of inputs and processes applied to those inputs that have the ability to\plain\cf1\f51\fs20\ql create outputs. Although businesses usually have outputs, outputs are not required for an integrated set to qualify as a business.\plain\cf1\f51\fs20\ql The three elements of a business are defined as follows:\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql a. Input. Any economic resource that creates, or has the ability to create, outputs when one or more processes are applied\plain\cf1\f51\fs20\ql to it.\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql b. Process. Any system, standard, protocol, convention, or rule that when applied to an input or inputs, creates or has the\plain\cf1\f51\fs20\ql ability to create outputs.\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql c. Output. The result of inputs and processes applied to those inputs that provide or have the ability to provide a return in\plain\cf1\f51\fs20\ql the form of dividends, lower costs, or other economic benefits directly to investors or other owners, members, or participants.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The Company accounted for its acquisitions of Hunan Erli on August 1, 2016 as asset acquisitions since the acquired\plain\cf1\f51\fs20\ql entities had no processes in place to apply to inputs to have the ability to create outputs.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The Company accounted for its acquisitions of Zhengzhou Hangmei, Hunan Xintian, Xi\u8217?an Dingrun, Zhengzhou\plain\cf1\f51\fs20\ql Kangshengboda, Zhuhai Prince and Henan Renxin, on January 18, 2017, January 25, 2017, May 10, 2017, June 23, 2017, June\plain\cf1\f51\fs20\ql 28, 2017 and June 20, 2017, respectively, as asset acquisitions since the acquired entities had no processes in place to apply to\plain\cf1\f51\fs20\ql inputs to have the ability to create outputs.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql (f) Effect of change in estimate\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql Revisions in estimated gross profit margins related to percentage of completion revenues are made in the period in which\plain\cf1\f51\fs20\ql circumstances requiring the revisions become known. During the six months ended June 30, 2017, real estate development\plain\cf1\f51\fs20\ql projects (Suzhou Lake Royal Palace, Kunshan Royal Palace, Zhengzhou Thriving Family, Changsha Xinyuan Splendid, Sanya\plain\cf1\f51\fs20\ql Yazhou Bay No.1, Zhengzhou Xindo Park , Kunshan Xindo Park), which recognized gross profits in 2016, had changes in their\plain\cf1\f51\fs20\ql estimated gross profit margins. As of June 30, 2017, each of these projects has a percentage of completion at 33.7% or more. As\plain\cf1\f51\fs20\ql the construction cost and capitalized interest increased during the six months ended June 30, 2017, the Group revised upwards its\plain\cf1\f51\fs20\ql prior total estimated costs in conjunction with the change in total estimated sales, which led to a decrease of the percentage\plain\cf1\f51\fs20\ql completion and thus a decrease in the recognized revenues. As a result of the changes in estimate above, gross profit, net income\plain\cf1\f51\fs20\ql and basic and diluted earnings per share decreased by US$21.2 million, US$15.9 million, US$0.12 per share, and US$0.12 per\plain\cf1\f51\fs20\ql share, respectively, for the six months ended June 30, 2017.\~\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql (g) Long-term investments{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql The Company\u8217?s long-term investments consist of cost method investments and equity method investment. In\plain\cf1\f51\fs20\ql accordance with ASC subtopic 325-20,\plain\cf1\f51\fs20\i\ql Investments- Other: Cost Method Investments\plain\cf1\f51\fs20\ql (\u8220?ASC 325-20\u8221?), for\plain\cf1\f51\fs20\ql investments in an investee over which the Company does not have significant influence and which do not have readily\plain\cf1\f51\fs20\ql determinable fair value, the Company carries the investment at cost and only adjusts for other-than-temporary declines in fair\plain\cf1\f51\fs20\ql value and distributions of earnings that exceed the Company\u8217?s share of earnings since its investment. Management\plain\cf1\f51\fs20\ql regularly evaluates the impairment of the cost method investments based on performance and financial position of the investee as\plain\cf1\f51\fs20\ql well as other evidence of market value. Such\par\pard\plain\sb264\cf1\f51\fs20\qc F-19\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb132\cf1\f51\fs20\ql evaluation includes, but is not limited to, reviewing the investee\u8217?s cash position, recent financing, projected and historical\plain\cf1\f51\fs20\ql financial performance, cash flow forecasts and financing needs. An impairment loss is recognized in earnings equal to the excess\plain\cf1\f51\fs20\ql of the investment\u8217?s cost over its fair value at the balance sheet date of the reporting period for which the assessment is\plain\cf1\f51\fs20\ql made. The fair value would then become the new cost basis of investment.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql Where the Group has significant influence over the investee, the Group applies the equity method of accounting in\plain\cf1\f51\fs20\ql accordance with ASC subtopic 323-10-20,\plain\cf1\f51\fs20\i\ql Investments-Equity Method and Joint Ventures\plain\cf1\f51\fs20\ql (\u8220?ASC 323-10-20\u8221?).\plain\cf1\f51\fs20\ql The reporting dates and accounting policies of the equity investee are the same as the Group. The investment in the equity\plain\cf1\f51\fs20\ql investee is stated at cost, including the Group\u8217?s share of the equity investee\u8217?s net gain or loss, less any impairment\plain\cf1\f51\fs20\ql in value. The Group recognizes in its consolidated statement of comprehensive income its share of the net income of the equity\plain\cf1\f51\fs20\ql investees.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql (h) Recent Accounting Pronouncements\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql In May 2014, the Financial Accounting Standards Board (\u8220?FASB\u8221?) issued ASU 2014-09,\plain\cf1\f51\fs20\i\ql Revenue from\plain\cf1\f51\fs20\i\ql Contracts with Customers\plain\cf1\f51\fs20\ql , (\u8220?ASU 2014-09\u8221?). ASU 2014-09 provides a single comprehensive model for entities to\plain\cf1\f51\fs20\ql use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance,\plain\cf1\f51\fs20\ql including industry-specific guidance. ASU 2014-09 will require an entity to recognize revenue when it transfers promised goods\plain\cf1\f51\fs20\ql or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for\plain\cf1\f51\fs20\ql those goods or services. This update creates a five-step model that requires entities to exercise judgment when considering the\plain\cf1\f51\fs20\ql terms of the contract(s) which include (i) identifying the contract(s) with the customer, (ii) identifying the separate performance\plain\cf1\f51\fs20\ql obligations in the contract, (iii) determining the transaction price, (iv) allocating the transaction price to the separate performance\plain\cf1\f51\fs20\ql obligations, and (v) recognizing revenue when each performance obligation is satisfied. In July 2015, the FASB deferred the\plain\cf1\f51\fs20\ql effective date by one year and permitted early adoption of the standard, but not before the original effective date; therefore, ASU\plain\cf1\f51\fs20\ql 2014-09 will be effective for the Company\u8217?s fiscal year beginning December\~1, 2018 and subsequent interim periods. The\plain\cf1\f51\fs20\ql Company has the option to apply the provisions of ASU 2014-09 either retrospectively to each prior reporting period presented\plain\cf1\f51\fs20\ql or retrospectively with the cumulative effect of applying this ASU recognized at the date of initial application.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql Subsequent to the issuance of ASU 2014-09, the FASB has issued several ASUs such as ASU 2016-08, Revenue from\plain\cf1\f51\fs20\ql Contracts with Customers (Topic 606):\plain\cf1\f51\fs20\i\ql Principal versus Agent Considerations (Reporting Revenue Gross versus Net)\plain\cf1\f51\fs20\ql , ASU\plain\cf1\f51\fs20\ql 2016-10, Revenue from Contracts with Customers (Topic 606):\plain\cf1\f51\fs20\i\ql Identifying Performance Obligations and Licensing\plain\cf1\f51\fs20\ql , and ASU\plain\cf1\f51\fs20\ql 2016-12, Revenue from Contracts with Customers (Topic 606):\plain\cf1\f51\fs20\i\ql Narrow-Scope Improvements and Practical Expedients among\plain\cf1\f51\fs20\i\ql others\plain\cf1\f51\fs20\ql . These ASUs do not change the core principle of the guidance stated in ASU 2014-09, instead these amendments are\plain\cf1\f51\fs20\ql intended to clarify and improve operability of certain topics included within the revenue standard. These ASUs will have the\plain\cf1\f51\fs20\ql same effective date and transition requirements as ASU 2014-09. The Company is currently assessing how the adoption of ASU\plain\cf1\f51\fs20\ql 2014-09 and these ASUs will impact the consolidated financial statements and plan to adopt the guidance using the full\plain\cf1\f51\fs20\ql retrospective approach for the fiscal year beginning January 1, 2018. Interpretations are on-going and upon initial evaluation, the\plain\cf1\f51\fs20\ql Company believes the most significant effect relates to the timing of the recognition of real estate sales under the\plain\cf1\f51\fs20\ql percentage-of-completion method.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In February 2016, the FASB issued ASU No. 2016-02,\plain\cf1\f51\fs20\i\ql Leases\plain\cf1\f51\fs20\ql (Topic 842) (\u8220?ASU 2016-02\u8221?). ASU 2016-02\plain\cf1\f51\fs20\ql modifies existing guidance for off-balance sheet treatment of a lessees\u8217? operating leases by requiring lessees to recognize\plain\cf1\f51\fs20\ql lease assets and lease liabilities. Under ASU 2016-02, lessor accounting is largely unchanged. ASU 2016-02 is effective for\plain\cf1\f51\fs20\ql fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted.\plain\cf1\f51\fs20\ql The Company is evaluating this guidance and the impact to the Company, as both lessor and lessee, on the consolidated financial\plain\cf1\f51\fs20\ql statements.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230),\plain\cf1\f51\fs20\i\ql Classification of Certain Cash\plain\cf1\f51\fs20\i\ql Receipts and Cash Payments\plain\cf1\f51\fs20\ql (\u8220?ASU 2016-15\u8221?). ASU 2016-15 reduces the existing diversity in practice in financial\plain\cf1\f51\fs20\ql reporting across all industries by clarifying certain existing principles in ASC 230,\plain\cf1\f51\fs20\i\ql Statement of Cash Flows\plain\cf1\f51\fs20\ql , (\u8220?ASC\plain\cf1\f51\fs20\ql 230\u8221?) including providing additional guidance on how and what an entity should consider in determining the classification\plain\cf1\f51\fs20\ql of certain cash flows. In addition, in November 2016, the FASB issued ASU 2016-18,\plain\cf1\f51\fs20\i\ql Statement of Cash Flows\plain\cf1\f51\fs20\ql (Topic 230),\plain\cf1\f51\fs20\i\ql Restricted Cash\plain\cf1\f51\fs20\ql (\u8220?ASU 2016-18\u8221?). ASU 2016-18 clarifies certain existing principles in ASC 230, including\plain\cf1\f51\fs20\ql providing additional guidance related to transfers between cash and restricted cash and how entities present, in their statement of\plain\cf1\f51\fs20\ql cash flows, the cash receipts and cash payments that directly affect the restricted cash accounts. These ASUs will be effective for\plain\cf1\f51\fs20\ql the Company\u8217?s fiscal year beginning December 1, 2018 and subsequent interim periods. Early adoption is permitted. The\plain\cf1\f51\fs20\ql adoption of ASU 2016-15 and ASU 2016-18 will modify the Company's current disclosures and classifications within the\plain\cf1\f51\fs20\ql consolidated statement of cash flows but they are not expected to have a material effect on the Company\u8217?s consolidated\plain\cf1\f51\fs20\ql financial statements.\par\pard\plain\sb264\cf1\f51\fs20\qc F-20\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In October 2016, the FASB issued ASU No. 2016-16,\plain\cf1\f51\fs20\i\ql Income Taxes\plain\cf1\f51\fs20\ql (Topic 740): Intra-Entity Transfers of Assets Other\plain\cf1\f51\fs20\ql Than Inventory. Under the new standard, the selling (transferring) entity is required to recognize a current tax expense or benefit\plain\cf1\f51\fs20\ql upon transfer of the asset. Similarly, the purchasing (receiving) entity is required to recognize a deferred tax asset or liability, as\plain\cf1\f51\fs20\ql well as the related deferred tax benefit or expense, upon purchase or receipt of the asset. This pronouncement is effective for\plain\cf1\f51\fs20\ql reporting periods beginning after December 15, 2017, with early adoption permitted. The Company is still evaluating the effect\plain\cf1\f51\fs20\ql that this guidance will have on the consolidated financial statements and related disclosures.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In January 2017, the FASB issued ASU No. 2017-01,\plain\cf1\f51\fs20\i\ql Business Combinations (Topic 805): Clarifying Definition of a\plain\cf1\f51\fs20\i\ql Business\plain\cf1\f51\fs20\ql (\u8220?ASU 2017-01\u8221?). ASU 2017-01 clarifies the framework for determining whether an integrated set of\plain\cf1\f51\fs20\ql assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an\plain\cf1\f51\fs20\ql integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer\plain\cf1\f51\fs20\ql transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet\plain\cf1\f51\fs20\ql the definition of a business are accounted for as asset acquisitions. This update is effective for fiscal years, and for interim\plain\cf1\f51\fs20\ql periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted for transactions that have not\plain\cf1\f51\fs20\ql been reported in previously issued (or available to be issued) financial statements. The Company does not believe this standard\plain\cf1\f51\fs20\ql will have a material impact on the results of operations or financial condition.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In January 2017, the FASB issued ASU 2017-04,\plain\cf1\f51\fs20\i\ql Simplifying the Test for Goodwill Impairment\plain\cf1\f51\fs20\ql (\u8216?\u8216?ASU\plain\cf1\f51\fs20\ql 2017-04\u8217?\u8217?), which simplifies the accounting for goodwill impairment by eliminating Step two from the goodwill\plain\cf1\f51\fs20\ql impairment test. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an\plain\cf1\f51\fs20\ql amount equal to that excess, versus determining an implied fair value in Step two to measure the impairment loss. The guidance\plain\cf1\f51\fs20\ql is effective for annual and interim impairment tests performed in periods beginning after December 15, 2019. Early adoption is\plain\cf1\f51\fs20\ql permitted for all entities for annual and interim goodwill impairment testing dates on or after January 1, 2017. The guidance\plain\cf1\f51\fs20\ql should be applied on a prospective basis. The Company is still evaluating the effect that this guidance will have on the\plain\cf1\f51\fs20\ql consolidated financial statements and related disclosures.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In February 2017, the FASB issued ASU 2017-05,\plain\cf1\f51\fs20\i\ql Other Income-Gains and Losses from the Derecognition of\plain\cf1\f51\fs20\i\ql Nonfinancial Assets\plain\cf1\f51\fs20\ql (\u8216?\u8216?ASU 2017-05\u8217?\u8217?). ASU 2017-05 defines an in-substance nonfinancial asset\plain\cf1\f51\fs20\ql and clarifies guidance related to partial sales of nonfinancial assets. This standard is effective for fiscal years, and for interim\plain\cf1\f51\fs20\ql periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The Company does not\plain\cf1\f51\fs20\ql believe this standard will have a material impact on the results of operations or financial condition.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql In May 2017, the FASB issued ASU No. 2017-09,\plain\cf1\f51\fs20\i\ql Compensation \u8211? Stock Compensation: Scope of Modification\plain\cf1\f51\fs20\i\ql Accounting\plain\cf1\f51\fs20\ql . The guidance clarifies when changes to the terms or conditions of a share-based payment award must be accounted\plain\cf1\f51\fs20\ql for as modifications. Entities will apply the modification accounting guidance if the value, vesting conditions or classification of\plain\cf1\f51\fs20\ql the award changes. This guidance is effective for annual periods, including interim periods within those annual periods, beginning\plain\cf1\f51\fs20\ql after December 15, 2017. Early adoption is permitted. The adoption of this guidance is not expected to have an impact on the\plain\cf1\f51\fs20\ql Group\u8217?s consolidated financial statements or related disclosures unless there are modifications to the Group\u8217?s\plain\cf1\f51\fs20\ql share-based payment awards.\par\pard\plain\sb396\cf1\f51\fs20\b\ql 3. Short-term investments\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql The short-term investments represent investments in REITs publicly traded on the Hong Kong Stock Exchange, money\plain\cf1\f51\fs20\ql market instruments and publicly traded debt and equity securities, which are expected to be realized in cash during the next 12\plain\cf1\f51\fs20\ql months.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The Company accounts for the short-term investments in accordance with ASC subtopic 320-10,\plain\cf1\f51\fs20\i\ql Investments-Debt and\plain\cf1\f51\fs20\i\ql Equity Securities: Overall\plain\cf1\f51\fs20\ql . The Company classified the REITs, investment in debt and equity securities, and money market\plain\cf1\f51\fs20\ql instruments as trading securities which are bought and held principally for the purpose of selling them in the near term. The\plain\cf1\f51\fs20\ql Company uses quoted prices in active markets for identical assets (consistent with the Level 1 definition in the fair value\plain\cf1\f51\fs20\ql hierarchy) to measure the fair value of its investments on a recurring basis pursuant to ASC 820,\plain\cf1\f51\fs20\i\ql Fair Value Measurement\plain\cf1\f51\fs20\ql .\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The realized gains, and unrealized presented in the accompanying statements of comprehensive income are related to\plain\cf1\f51\fs20\ql trading securities held during the periods presented.\par\pard\plain\sb264\cf1\f51\fs20\qc F-21\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The following summarizes the short-term investments measured at fair value at December 31, 2016 and June 30, 2017:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December 31, 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\~(Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7372\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8748\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8872\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8996\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10686\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Aggregate\~fair\~value\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Cost\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Unrealized\~gain\par\pard\plain\intbl\cf1\f51\fs20\b\qc in profit\par\pard\plain\intbl\cf1\f51\fs20\b\qc and loss\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7372\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8748\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8872\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8996\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10686\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql Trading securities:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6201\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7372\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7700\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8747\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8871\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8995\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9680\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10685\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Debt securities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,601,816\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,599,683\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,133\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6201\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7372\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7700\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8747\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8871\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8995\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9680\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10685\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql REITs\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,612,864\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,266,447\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 346,417\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6201\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7372\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7700\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8747\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8871\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8995\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9680\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10685\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Money market instrument\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 866,630\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 864,927\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,703\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6201\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7372\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7700\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8747\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8871\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8995\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9680\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10685\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Equity securities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,229,285\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,344,204\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (114,919\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6201\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7372\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7700\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8747\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8871\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8995\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9680\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10685\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5220\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5319\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6201\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7248\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7372\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7496\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7700\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8747\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8871\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8995\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9680\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10685\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 39,310,595\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 39,075,261\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 235,334\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5220\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5319\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6201\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7248\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7372\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7496\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7700\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8747\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8871\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8995\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9680\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10685\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10695\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30, 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10695\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10695\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\~(Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10695\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7156\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7301\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7446\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8840\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8985\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Aggregate\~fair\~value\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Cost\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Unrealized\~gain\par\pard\plain\intbl\cf1\f51\fs20\b\qc in profit\par\pard\plain\intbl\cf1\f51\fs20\b\qc and loss\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7156\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7301\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7446\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8840\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8985\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh759\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5131\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5229\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6111\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7156\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7301\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7650\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8840\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8985\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9670\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql Trading securities:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5131\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5229\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6111\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7156\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7301\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7650\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8840\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8985\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9670\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6111\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7156\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7301\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7446\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7650\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8840\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8985\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9670\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql REITs\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,584,438\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 19,446,224\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,138,214\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6111\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7156\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7301\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7446\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7650\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8840\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8985\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9670\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5131\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5229\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7156\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7301\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7446\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7650\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8840\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8985\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9670\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Money market instrument\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,711,963\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,700,917\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 11,046\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5131\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5229\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6111\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7156\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7301\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7446\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7650\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8840\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8985\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9670\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6111\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7156\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7301\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7446\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7650\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8695\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8840\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8985\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9670\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Equity securities\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 8,389,322\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 7,761,003\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 628,319\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5131\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx5229\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6111\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7156\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7301\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7446\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7650\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8695\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8840\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8985\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9670\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5131\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5229\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6111\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7156\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7301\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7650\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8840\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8985\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9670\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5131\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5229\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6111\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7156\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7301\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7650\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8840\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8985\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9670\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5131\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5229\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx6111\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx7156\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx7301\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx7446\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx7650\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx8695\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx8840\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx8985\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx9670\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx10690\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 49,685,723\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 47,908,144\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,777,579\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5131\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx5229\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx6111\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx7156\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx7301\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx7446\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx7650\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx8695\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx8840\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx8985\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx9670\clbrdrb\brdrdb\brdrcf1\clvertalc\cellx10690\clbrdrb\brdrdb\brdrcf7\clvertalc\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\fi528\cf1\f51\fs20\ql During the six months ended June 30, 2017, US$2,844,695 (June 30, 2016: US$915,903) net realized gain and\plain\cf1\f51\fs20\ql US$1,777,579 (June 30, 2016: US$766,955) unrealized gain for trading securities are included in earnings.\par\pard\plain\sb264\cf1\f51\fs20\qc F-22\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb396\cf1\f51\fs20\b\ql 4. Real estate properties development completed and under development\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql The following summarizes the components of real estate properties under development at December 31, 2016 and June 30,\plain\cf1\f51\fs20\ql 2017:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalb\cellx8696\clvertalb\cellx8801\clvertalb\cellx8903\clvertalb\cellx10690\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalb\cellx8696\clvertalb\cellx8801\clvertalb\cellx8903\clvertalb\cellx10690\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8801\clvertalb\cellx8903\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8801\clvertalb\cellx8903\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8801\clvertalc\cellx8903\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8801\clvertalc\cellx8903\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalb\cellx8696\clvertalb\cellx8801\clvertalc\cellx8903\clvertalb\cellx10690\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalb\cellx8696\clvertalb\cellx8801\clvertalc\cellx8903\clvertalb\cellx10690\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Development completed:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Century East A\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,277,168\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,361,326\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Suzhou International City Garden\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 89,490\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,119,152\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Suzhou Xin City\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 16,624,117\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,393,842\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kunshan International City Garden\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 867,612\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 500,541\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Jinan Xinyuan Splendid\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,309,387\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,184,911\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Xin City\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 15,762,256\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 13,306,319\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Xindo Park\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 52,671,437\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 53,344,269\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Suzhou Lake Royal Palace\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 76,426,976\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 43,705,398\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Xingyang Splendid Phase I\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 11,344,548\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 11,431,860\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Xindo Park (residential)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,985,798\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 13,806,463\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Shanghai Yipin Royal Palace\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 91,307,299\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 87,599,106\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql New York Oosten\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 197,513,164\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 149,484,538\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7436\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9429\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10689\clvertalc\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7436\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9429\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10689\clvertalc\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Real estate properties development completed\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 477,179,252\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 381,237,725\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx7436\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx9429\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx10689\clvertalc\cellx10800\trrh315 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx7436\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx9429\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx10689\clvertalc\cellx10800\trrh315\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Underdevelopment:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\i\ql Current:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Xuzhou Colorful City\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 39,910,908\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 33,046,389\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kunshan Royal Palace\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 106,317,899\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 38,619,020\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Xingyang Splendid Phase II\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 65,914,086\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 43,725,121\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Xingyang Splendid Phase III\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 25,059,220\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 31,967,125\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Xingyang Splendid Phase IV\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 7,355,332\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 7,887,063\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Xindo Park (commercial)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 97,287,900\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 79,496,983\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Jinan Royal Palace\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 267,899,017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 199,769,258\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Sanya Yazhou Bay No. 1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 142,950,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 144,727,730\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Changsha Xinyuan Splendid\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 213,231,900\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 148,336,752\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Chengdu Thriving Family\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 265,695,975\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 221,551,800\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Jinan Xin Central\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 120,430,389\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 91,938,057\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Fancy City\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 67,957,047\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,331,557\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Tianjin Spring Royal Palace\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 90,412,297\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 43,431,954\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xin Central I\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 112,073,981\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 19,502,055\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Henan Xin Central II\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 51,633,387\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 55,501,531\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Fancy City II (South)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 52,819,852\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 6,107,657\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Fancy City II (North)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 36,768,148\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 39,037,795\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Xi\u8217?an Metropolitan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 228,453,322\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 179,817,353\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kunshan Xindo Park\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 94,591,527\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 49,679,451\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou International New City I\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 140,971,898\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 117,407,233\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou International New City II\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 58,441,356\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 80,977,870\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh289 \pard\plain\intbl\cf1\f51\fs20\ql Beijing Liyuan\plain\intbl\cf1\f51\fs22\ql Project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 149,726,569\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 163,024,914\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh289\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Changsha Mulian Royal Palace\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 53,014,425\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 78,740,605\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6843\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7436\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8696\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8801\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8903\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9429\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10689\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Changsha Renmin East Road project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 48,005,908\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6741\clvertalc\cellx6843\clvertalc\cellx7436\clvertalc\cellx8696\clvertalc\cellx8801\clvertalc\cellx8903\clvertalc\cellx9429\clvertalc\cellx10689\clvertalc\cellx10800\trrh264\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-23\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalb\cellx8671\clvertalb\cellx8778\clvertalb\cellx8880\clvertalb\cellx10688\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalb\cellx8671\clvertalb\cellx8778\clvertalb\cellx8880\clvertalb\cellx10688\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8671\clvertalb\cellx8778\clvertalb\cellx8880\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8671\clvertalb\cellx8778\clvertalb\cellx8880\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8671\clvertalb\cellx8778\clvertalc\cellx8880\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8671\clvertalb\cellx8778\clvertalc\cellx8880\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10688\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalb\cellx8671\clvertalb\cellx8778\clvertalc\cellx8880\clvertalb\cellx10688\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalb\cellx8671\clvertalb\cellx8778\clvertalc\cellx8880\clvertalb\cellx10688\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 {\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou International New City III\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 112,787,054\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhuhai Prince Project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 88,917,347\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Xi\u8217?an Aerospace City Project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 125,116,008\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kunshan Zhongyu Project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 112,212,422\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou International New City IV\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 26,618,466\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Hangmei Project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 7,988,683\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql XIN Eco Marine Group Properties Sdn Bhd\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,961,455\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,511,324\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Hudson Garden Project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 64,926,299\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 72,088,154\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Flushing Project\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 68,572,237\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 73,422,742\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh281\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,632,376,891\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,562,293,381\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Profit recognized\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 332,294,461\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 178,898,299\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clvertalc\cellx7381\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clvertalc\cellx9406\clvertalc\cellx10687\clvertalc\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Progress billings\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,245,536,188\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (605,965,312\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrs\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrs\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrs\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrs\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total real estate properties under development\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,719,135,164\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,135,226,368\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh315 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh315\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total real estate properties development completed and under development\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,196,314,416\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,516,464,093\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6686\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6788\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7381\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8671\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8778\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8880\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9406\clbrdrb\brdrdb\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10687\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh191 \pard\plain\intbl\cf1\f51\fs10\ql \~\cell\pard\plain\intbl\cf1\f51\fs10\ql \~\cell\pard\plain\intbl\cf1\f51\fs10\ql \~\cell\pard\plain\intbl\cf1\f51\fs10\qr \~\cell\pard\plain\intbl\cf1\f51\fs10\ql \~\cell\pard\plain\intbl\cf1\f51\fs10\qr \~\cell\pard\plain\intbl\cf1\f51\fs10\ql \~\cell\pard\plain\intbl\cf1\f51\fs10\qr \~\cell\pard\plain\intbl\cf1\f51\fs10\ql \~\cell{ {\trowd\clvertalc\cellx6686\clvertalc\cellx6788\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx7381\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx8671\clvertalc\cellx8778\clvertalc\cellx8880\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx9406\clbrdrt\brdrdb\brdrcf1\clvertalc\cellx10687\clvertalc\cellx10800\trrh191\row}}}\pard\plain\cf1\f51\fs10\ql \~\par\pard\plain\fi528\cf1\f51\fs20\ql As of June 30, 2017, land use rights included in the real estate properties under development totaled US$1,570,542,771\plain\cf1\f51\fs20\ql (December 31, 2016: US$1,231,794,738).\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql As of June 30, 2017, land use rights with an aggregate net book value of US$481,999,694 (December 31, 2016:\plain\cf1\f51\fs20\ql US$379,078,976) were pledged as collateral for certain bank loans and other debts. As of June 30, 2017, real estate properties\plain\cf1\f51\fs20\ql under development with an aggregate net book value of US$39,730,922 (December 31, 2016: US$119,208,603) were pledged as\plain\cf1\f51\fs20\ql collateral for certain bank loans.\par\pard\plain\sb396\cf1\f51\fs20\b\ql 5. Other long-term investment and investment in joint ventures\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql As of December 31, 2016 and June 30, 2017, the other long-term investment consisted of the following:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx4198\clbrdrb\brdrs\brdrcf7\clvertalb\cellx4295\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5721\clvertalb\cellx5824\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5921\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7241\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7447\clvertalb\cellx7544\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9031\clbrdrb\brdrs\brdrcf7\clvertalb\cellx9134\clbrdrb\brdrs\brdrcf7\clvertalb\cellx9231\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10693\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Initial\~Cost\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Ownership\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\par\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\par\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\cellx4198\clbrdrb\brdrs\brdrcf7\clvertalb\cellx4295\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5721\clvertalb\cellx5824\clbrdrb\brdrs\brdrcf7\clvertalb\cellx5921\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7241\clbrdrb\brdrs\brdrcf7\clvertalb\cellx7447\clvertalb\cellx7544\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9031\clbrdrb\brdrs\brdrcf7\clvertalb\cellx9134\clbrdrb\brdrs\brdrcf7\clvertalb\cellx9231\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10693\clbrdrb\brdrs\brdrcf7\clvertalb\cellx10800\trrh512\row}}} {\trowd\clvertalb\cellx4198\clvertalb\cellx4295\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5721\clvertalb\cellx5824\clvertalb\cellx5921\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7241\clvertalb\cellx7447\clvertalb\cellx7544\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9031\clvertalb\cellx9134\clvertalb\cellx9231\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10693\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx4198\clvertalb\cellx4295\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5721\clvertalb\cellx5824\clvertalb\cellx5921\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7241\clvertalb\cellx7447\clvertalb\cellx7544\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9031\clvertalb\cellx9134\clvertalb\cellx9231\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10693\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx4198\clvertalb\cellx4295\clvertalb\cellx4785\clvertalb\cellx5720\clvertalb\cellx5823\clvertalb\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalb\cellx7543\clvertalb\cellx9030\clvertalb\cellx9133\clvertalb\cellx9230\clvertalb\cellx10692\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\cellx4198\clvertalb\cellx4295\clvertalb\cellx4785\clvertalb\cellx5720\clvertalb\cellx5823\clvertalb\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalb\cellx7543\clvertalb\cellx9030\clvertalb\cellx9133\clvertalb\cellx9230\clvertalb\cellx10692\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Cost method investee\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx4198\clvertalc\cellx4295\clvertalb\cellx4785\clvertalb\cellx5720\clvertalb\cellx5823\clvertalc\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalc\cellx7543\clvertalb\cellx8136\clvertalb\cellx9029\clvertalb\cellx9132\clvertalc\cellx9229\clvertalb\cellx9755\clvertalb\cellx10690\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Lianhe Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 241,648\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1.85\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 241,648\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 241,648\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx4198\clvertalc\cellx4295\clvertalb\cellx4785\clvertalb\cellx5720\clvertalb\cellx5823\clvertalc\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalc\cellx7543\clvertalb\cellx8136\clvertalb\cellx9029\clvertalb\cellx9132\clvertalc\cellx9229\clvertalb\cellx9755\clvertalb\cellx10690\clvertalb\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Zhengzhou Taike Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 738,073\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 3.75\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 738,073\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\cellx4198\clvertalc\cellx4295\clvertalb\cellx4785\clvertalb\cellx5720\clvertalb\cellx5823\clvertalc\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalc\cellx7543\clvertalb\cellx8136\clvertalb\cellx9029\clvertalb\cellx9132\clvertalc\cellx9229\clvertalb\cellx9755\clvertalb\cellx10690\clvertalb\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Equity method investee\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx4198\clvertalc\cellx4295\clvertalb\cellx4785\clvertalb\cellx5720\clvertalb\cellx5823\clvertalc\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalc\cellx7543\clvertalb\cellx8136\clvertalb\cellx9029\clvertalb\cellx9132\clvertalc\cellx9229\clvertalb\cellx9755\clvertalb\cellx10690\clvertalb\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Shenzhen Qianhai Jingjie City Renewal\plain\intbl\cf1\f51\fs20\ql Investment Partnership (limited partnership)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 8,118,800\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 19.96\cell\pard\plain\intbl\cf1\f51\fs20\ql %\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 8,118,800\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\clvertalc\cellx4198\clvertalc\cellx4295\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4785\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5720\clvertalb\cellx5823\clvertalc\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalc\cellx7543\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8136\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9029\clvertalb\cellx9132\clvertalc\cellx9229\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9755\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx4198\clvertalc\cellx4295\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4785\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5720\clvertalb\cellx5823\clvertalc\cellx5920\clvertalb\cellx6402\clvertalb\cellx7240\clvertalb\cellx7446\clvertalc\cellx7543\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8136\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9029\clvertalb\cellx9132\clvertalc\cellx9229\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9755\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10690\clvertalb\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,098,521\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 241,648\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,098,521\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4198\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx4295\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx4785\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5720\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx5823\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx5920\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6402\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7240\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7446\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7543\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8136\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9029\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9132\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9229\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9755\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\fi528\cf1\f51\fs20\ql As of June 30, 2017 and December 31, 2016, the Group recognized no investment profit or loss. During the six months\plain\cf1\f51\fs20\ql ended June 30, 2017, investment in joint ventures remains unchanged. As of June 30, 2017 and December 31, 2016, management\plain\cf1\f51\fs20\ql noted no indicators of impairment related to\~\~its other long-term investment and investment in joint ventures.\par\pard\plain\sb264\cf1\f51\fs20\qc F-24\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql On January 9, 2017, the Company set up a limited partnership, Shenzhen Qianhai Jingjie City Renewal Investment\plain\cf1\f51\fs20\ql Partnership ( \u8220?Shenzhen Qianhai\u8221?), with third parties and injected US$8.1 million. Shenzhen Qianhai will focus on\plain\cf1\f51\fs20\ql investment in real estate renewal projects in Shenzhen city. The total capital to be raised of the Fund is US$72.6 million and the\plain\cf1\f51\fs20\ql Company is required to invest US$14.5 million, representing 19.96% of the total capital. The Company has influence over\plain\cf1\f51\fs20\ql Shenzhen Qianhai operation and financial decisions and accounted for the investment under equity method in accordance with\plain\cf1\f51\fs20\ql according with\plain\cf1\f51\fs20\i\ql ASC\~\~323 - 30 Investments - Equity method and joint ventures - Partnerships, joint ventures, and limited\plain\cf1\f51\fs20\i\ql liability entities\plain\cf1\f51\fs20\ql .\par\pard\plain\sb396\cf1\f51\fs20\b\ql 6. Short-term bank loans and other debt\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql Short-term bank loans represent amounts due to various banks and are due on the dates indicated below. Short-term bank\plain\cf1\f51\fs20\ql loans as of December 31, 2016 and June 30, 2017 consisted of the following:\~\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10692\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from The Bank of East Asia\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\fi286\cf1\f51\fs20\ql Due June 2, 2017, at 1.1% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,421,617\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\fi286\cf1\f51\fs20\ql Due June 1, 2018, at 1.1% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,421,617\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\li132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,421,617\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 34,421,617\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7440\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8906\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from Ping\plain\intbl\cf1\f52\fs20\ql '\plain\intbl\cf1\f51\fs20\ql an Real Estate Co., Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7440\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8906\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\fi286\cf1\f51\fs20\ql Due April 20, 2017, at 6.00% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 43,246,360\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\li132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7440\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9432\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from Huarong International Trust Co.,Ltd.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx7440\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx8906\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9432\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\fi286\cf1\f51\fs20\ql Due September 30, 2017, at 8.30% per annum(3)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,908,174\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 73,807,275\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10691\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from Bank of China International Limited\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7440\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8906\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\fi286\cf1\f51\fs20\ql Due June 18, 2018, at 2.51% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,626,908\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrs\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\li132\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6745\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx6847\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx7440\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8699\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8804\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx8906\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9432\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10691\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total short-term bank loans and other debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 178,576,151\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 109,855,800\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6745\clbrdrb\brdrdb\brdrcf7\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx6847\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7440\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8699\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8804\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8906\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9432\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10691\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\cellx432\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql These loans were paid in full during first half year of 2017.\cell{ {\trowd\cellx432\cellx10800\trrh248\row}}} \par\pard\plain {\trowd\cellx431\cellx10800\trrh1125 \pard\plain\intbl\sb132\cf1\f51\fs20\ql (2)\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql The loan contract with the Bank of East Asia was amended to extend the maturity date of the loan. The Company\plain\intbl\cf1\f51\fs20\ql accounted for the amendments, which did not result in a debt extinguishment pursuant to ASC 470-50,\plain\intbl\cf1\f51\fs20\i\ql Debt \u8211?\plain\intbl\cf1\f51\fs20\i\ql Modifications and Exchanges\plain\intbl\cf1\f51\fs20\ql . Pursuant to the amended loan contract, this loan is denominated in US$ and is secured by\plain\intbl\cf1\f51\fs20\ql restricted cash of US$37,346,481 (December 31, 2016: US$36,471,097).\cell{ {\trowd\cellx431\cellx10800\trrh1125\row}}} \par\pard\plain {\trowd\cellx431\cellx10800\trrh1125 \pard\plain\intbl\sb132\cf1\f51\fs20\ql (3)\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql Pursuant to the agreements with Huarong International Trust Co., Ltd, this other short-term debt is secured by the\plain\intbl\cf1\f51\fs20\ql Group\u8217?s 65.98% equity interest of Shaanxi Zhongmao and the Group\u8217?s land use rights with net book value of\plain\intbl\cf1\f51\fs20\ql US$21,392,312 (December 31, 2016: US$24,975,886) and Group\u8217?s real estate properties under development with net\plain\intbl\cf1\f51\fs20\ql book value of US$23,704,238 (December 31, 2016: US$27,560,029).\cell{ {\trowd\cellx431\cellx10800\trrh1125\row}}}\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\fi528\cf1\f51\fs20\ql As of June 30, 2017, except when otherwise indicated, the Group\u8217?s short-term bank loans were denominated in\plain\cf1\f51\fs20\ql RMB and were mainly secured by the Group\u8217?s real estate properties under development with net book value of\plain\cf1\f51\fs20\ql US$23,704,238 (December 31, 2016: US$27,560,029), land use rights with net book value of US$21,392,312 (December 31,\plain\cf1\f51\fs20\ql 2016: US$24,975,886).\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The weighted average interest rate on short-term bank loans and other debt as of June 30, 2017 was 6.28% (December 31,\plain\cf1\f51\fs20\ql 2016: 6.53%).\par\pard\plain\sb264\cf1\f51\fs20\qc F-25\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb396\cf1\f51\fs20\b\ql 7. Long-term bank loans\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql Long-term bank loans as of December 31, 2016 and June 30, 2017 consisted of the following:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs15\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from ICBC\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due December 26, 2021, at 6.175% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 144,154,534\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 145,153,814\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due December 22, 2021, at 6.175% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 72,577,645\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due December 30, 2021, at 6.600% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 67,902,692\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 144,154,534\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 285,634,151\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from Bank of China\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due March 27, 2018, at 5.230% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 43,246,360\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 36,903,637\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from China Guangfa Bank\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due December 15, 2018, at 4.75% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 4,612,945\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,067,312\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from Bank of Bohai\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due March 14, 2019 at 5.415% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 42,525,587\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 42,070,146\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from Bank of Beijing\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due October 31, 2019 at 6.175% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 18,740,089\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 18,451,819\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due February 14, 2020 at 4.750% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 47,623,407\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 18,740,089\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 66,075,226\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Loan from The Bank of East Asia\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due April 26, 2018, at 1.25% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 13,250,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 13,250,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due June 1, 2018, at 1.25% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,675,655\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,675,655\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due June 5, 2018, at 1.25% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due August 15, 2018, at 1.25% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due August 30, 2018, at 1.1% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,700,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,700,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9423\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\li286\cf1\f51\fs20\ql Due September 19, 2018, at 1.1% plus 3 month LIBOR(2)\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,220,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,220,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 64,845,655\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 64,845,655\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 318,125,170\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 505,596,127\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Current portion of long term bank loans\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (82,240,161\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (144,650,678\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6741\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6842\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7435\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8689\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8796\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8897\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9423\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10688\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total long-term bank loans\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 235,885,009\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 360,945,449\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6741\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6842\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7435\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8689\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8796\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8897\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9423\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10688\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\cellx432\cellx10800\trrh742 \pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql Pursuant to the loan contracts, if the Group achieves an agreed upon sales target from the sales of the underlying real estate\plain\intbl\cf1\f51\fs20\ql properties under development, the Group has an obligation to repay the loan before the maturity date. Therefore, the\plain\intbl\cf1\f51\fs20\ql respective current portions of these loans have been classified as current liabilities as of June 30, 2017.\cell{ {\trowd\cellx432\cellx10800\trrh742\row}}}\pard\plain\li88\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\cellx431\cellx10800\trrh1238 \pard\plain\intbl\cf1\f51\fs20\ql (2)\cell{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\ql Pursuant to the loan contract with The Bank of East Asia, these six loans from The Bank of East Asia, amounting to\plain\intbl\cf1\f51\fs20\ql US$13.3 million, US$9.7 million, US$10.0 million, US$20.0 million, US$9.7 million and US$2.2 million respectively, are\plain\intbl\cf1\f51\fs20\ql denominated in US$ and are secured by restricted cash of US$13,484,589 (December 31, 2016: US$13,168,517),\plain\intbl\cf1\f51\fs20\ql US$10,037,789 (December\~31, 2016: US$9,802,508), US$10,333,018 (December 31, 2016: US$10,090,817), US$20,990,789\plain\intbl\cf1\f51\fs20\ql (December 31,\cell{ {\trowd\cellx431\cellx10800\trrh1238\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-26\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\cellx431\cellx10800\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 2016: US$20,498,775), US$10,188,356 (December 31, 2016: US$9,949,546), and US$2,332,310 (December 31, 2016:\plain\intbl\cf1\f51\fs20\ql US$2,277,642) respectively.\cell{ {\trowd\cellx431\cellx10800\trrh495\row}}}\pard\plain\sb264\fi528\cf1\f51\fs20\ql As of June 30, 2017, except when otherwise indicated, the Group\u8217?s long term bank loans were denominated in RMB\plain\cf1\f51\fs20\ql and were mainly secured by the Group\u8217?s land use rights with net book value of US$249,803,342 (December 31, 2016:\plain\cf1\f51\fs20\ql US$103,643,167) and restricted cash with net book value of US$67,366,851 (December 31, 2016: US$65,787,805).\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The interest rates of these bank loans denominated in RMB are adjustable based on the range of 100% to 139% of the\plain\cf1\f51\fs20\ql PBOC prime rate. The weighted average interest rate on long-term bank loans as of June 30, 2017 was 5.45% (December 31,\plain\cf1\f51\fs20\ql 2016: 5.07%).\par\pard\plain\sb396\cf1\f51\fs20\b\ql 8. Other long-term debt\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql As of December 31, 2016 and June 30, 2017, other long-term debt consisted of the following:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh289 \pard\plain\intbl\cf1\f62\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh289\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql June 2019 Senior Secured Notes due on June 6, 2019 at 13% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 187,314,242\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 193,903,083\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql August 2019 Senior Secured Notes due on August 30, 2019 at 8.125% per\plain\intbl\cf1\f51\fs20\ql annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 294,819,248\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 294,336,357\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql February 2021 Senior Secured Notes due on February 28, 2021 at 7.75% per\plain\intbl\cf1\f51\fs20\ql annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 286,025,730\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Corporate bonds due on December\~\~28, 2020 at 7.5% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 143,484,912\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 147,091,896\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Corporate bonds due on January 27, 2021 at 7.47% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 100,618,930\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 103,101,611\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Corporate bonds due on March 14, 2021 at 7.09% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 71,860,897\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 73,632,132\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Corporate bonds due on August 15, 2019 at 7.50% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 215,084,667\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 220,339,777\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Corporate bonds due on April 7, 2020 at 8.20% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 165,874,391\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on June 25, 2017 at 8.5% per annum(1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 43,246,360\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on March 31, 2018 at 11% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 21,623,180\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 14,761,455\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on November 6, 2018 at 8.2% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 23,064,725\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 28,046,764\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on May 10, 2018 at 9.4% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 26,668,589\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 27,308,692\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on May 30, 2018 at 9.0% per annum (2)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 64,869,540\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 33,951,346\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on June 19, 2018 at 9.5% per annum (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 50,454,087\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on July 31, 2021 at 8.0% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 46,129,451\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 47,236,656\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on August 2, 2021 at 8.0% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,333,718\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,461,738\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on November 23, 2024 at 6.9% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 43,246,360\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 41,701,110\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Collateralized loan due on March 18, 2020 at 7.37% per annum\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 33,951,346\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Non-controlling shareholder's loan due on February 28, 2018 at 10.5% per\plain\intbl\cf1\f51\fs20\ql annum (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 20,614,098\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Non-controlling shareholder's loan due on February 28, 2018 at 8.5% Per\plain\intbl\cf1\f51\fs20\ql annum (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 103,719,187\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Non-controlling shareholder's loan due on May 30, 2019 at 8.5% per annum (3)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 234,190,482\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6738\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6840\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7433\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8695\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8800\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8902\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9428\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Fortress Credit Co. LLC loan due on June 9, 2017 at 7.25% plus LIBOR per\plain\intbl\cf1\f51\fs20\ql annum (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 48,457,937\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6738\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6840\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7433\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8695\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8902\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}}\pard\plain\sb264\cf1\f51\fs20\qc F-27\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh289 \pard\plain\intbl\cf1\f62\fs22\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh289\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc US$\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Audited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 {\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on January 23, 2020 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on April 30, 2020 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on June 25, 2020 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on August 4, 2020 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on August 20, 2020 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on October 1, 2020 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on November 23, 2020 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 10,000,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on March 15, 2021 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,500,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 9,500,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Kent EB-5 LLC loan due on September 12, 2021 at 5.95% per annum (4)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 500,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 500,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Ozarks loan due on July 13, 2017 at 4.50% plus 1 month LIBOR Per annum\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 26,636,117\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh512\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512 \pard\plain\intbl\cf1\f51\fs20\ql Ozarks loan due on March 24, 2020 at 4.50% plus 1 month LIBOR per annum\plain\intbl\cf1\f51\fs20\ql (5)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 21,416,962\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh512\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6694\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total principal of other long-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,597,246,245\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,032,331,528\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clshdng100\clcfpat10\clcbpat10\cellx6694\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10690\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,597,246,245\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 2,032,331,528\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx9408\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh264\row}}} {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Current portion of other long-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (622,454,921\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (932,768,409\cell\pard\plain\intbl\cf1\f51\fs20\ql )\cell{ {\trowd\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6694\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrs\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9408\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6694\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx6797\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx7390\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8672\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8779\clvertalb\clshdng100\clcfpat10\clcbpat10\cellx8882\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx9408\clbrdrt\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10690\clvertalc\clshdng100\clcfpat10\clcbpat10\cellx10800\trrh281\row}}} {\trowd\clbrdrb\brdrdb\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6694\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql Total other long-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 974,791,324\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,099,563,119\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clbrdrb\brdrdb\brdrcf7\clshdng100\clcfpat7\clcbpat7\cellx6694\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6797\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7390\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8672\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8779\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8882\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9408\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10690\clbrdrb\brdrdb\brdrcf7\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh264\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\cellx432\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\cf1\f51\fs20\ql These loans were paid in full during first half year of 2017.\cell{ {\trowd\cellx432\cellx10800\trrh248\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql (2)\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql Pursuant to the agreements with Ping An Trust Co., Ltd., this other long-term debt is secured by the Group\u8217?s 100%\plain\intbl\cf1\f51\fs20\ql equity interest of Changsha Wanzhuo.\cell{ {\trowd\cellx432\cellx10800\trrh630\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh878 \pard\plain\intbl\sb132\cf1\f51\fs20\ql (3)\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql Pursuant to the agreements with Ping An Trust Co., Ltd., which is the non-controlling shareholder of Ruihao Rongtong, this\plain\intbl\cf1\f51\fs20\ql other long-term debt is secured by the Group\u8217?s 65% equity interest in Ruihao Rongtong and the Group\u8217?s land\plain\intbl\cf1\f51\fs20\ql use rights with net book value of US$85,962,895 (December 31, 2016: nil).\cell{ {\trowd\cellx432\cellx10800\trrh878\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh630 \pard\plain\intbl\sb132\cf1\f51\fs20\ql (4)\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql Pursuant to the agreements with Kent EB-5 LLC, this other long-term debt amounting to US$60 million in total, is\plain\intbl\cf1\f51\fs20\ql denominated in US$ with maturity dates that vary from January 23, 2020 to September 12, 2021.\cell{ {\trowd\cellx432\cellx10800\trrh630\row}}} \par\pard\plain {\trowd\cellx432\cellx10800\trrh1372 \pard\plain\intbl\sb132\cf1\f51\fs20\ql (5)\cell\pard\plain\intbl\sb132\cf1\f51\fs20\ql Pursuant to the agreements with Bank of Ozarks (\u8220?Ozarks\u8221?), Hudson 888 Owner LLC has agreed to provide\plain\intbl\cf1\f51\fs20\ql security in the form of mortgages and assignment of leases and rents. In addition, XIN Development Group International\plain\intbl\cf1\f51\fs20\ql Inc., agreed to, jointly and severally, provide a number of guarantees, including carve out guaranty, completion guaranty,\plain\intbl\cf1\f51\fs20\ql repayment guaranty and carry guaranty to Ozarks and its successors in relation to the mortgaged property, liabilities of\plain\intbl\cf1\f51\fs20\ql and/or payments to Ozarks.\cell{ {\trowd\cellx432\cellx10800\trrh1372\row}}}\pard\plain\sb264\fi528\cf1\f51\fs20\ql As of June 30, 2017, except when otherwise indicated, the Group\u8217?s other long-term debt were denominated in RMB\plain\cf1\f51\fs20\ql and were mainly secured by the Group\u8217?s real estate properties under development with net book value of US$16,026,684\plain\cf1\f51\fs20\ql (December 31, 2016: US$91,648,575), land use rights with net book value of US$210,804,040 (December 31, 2016:\plain\cf1\f51\fs20\ql US$250,459,922) and real estate properties held for lease with net book value of US$24,265,078 (December 31, 2016:\plain\cf1\f51\fs20\ql US$23,696,316) and real estate properties development completed with net book value of US$44,506,313 (December 31, 2016:\plain\cf1\f51\fs20\ql US$13,437,413).\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql June 2019 Senior Secured Notes\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql On December 6, 2013, the Company issued senior notes with an aggregate principal amount of US$200,000,000 due June\plain\cf1\f51\fs20\ql 6, 2019 at a coupon rate of 13% per annum payable semi-annually. Interest is payable on June 6 and December 6 of each year,\plain\cf1\f51\fs20\ql commencing June 6, 2014.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The effective interest rate of June 2019 Senior Secured Notes is 14.05%.\par\pard\plain\sb264\cf1\f51\fs20\qc F-28\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The June 2019 Senior Secured Notes were issued pursuant to an indenture, dated December 6, 2013, between the\plain\cf1\f51\fs20\ql Company, the \u8220?Subsidiary Guarantors\u8221? identified below and Citicorp International Limited, as trustee and collateral\plain\cf1\f51\fs20\ql agent (the \u8220?June 2019 Indenture\u8221?). The Company\u8217?s obligations under the June 2019 Indenture and the June\plain\cf1\f51\fs20\ql 2019 Senior Secured Notes have been guaranteed by certain of the Company\u8217?s wholly-owned subsidiaries, Xinyuan Real\plain\cf1\f51\fs20\ql Estate, Ltd., Xinyuan International Property Investment Co., Ltd., Victory Good Development Ltd., South Glory International\plain\cf1\f51\fs20\ql Ltd., Elite Quest Holdings Ltd. and Xinyuan International (HK) Property Investment Co., Limited (the \u8220?Subsidiary\plain\cf1\f51\fs20\ql Guarantors\u8221?) and will be guaranteed by such other future subsidiaries of the Company as is set forth in and in accordance\plain\cf1\f51\fs20\ql with the terms of the June 2019 Indenture. The Company\u8217?s obligations under the June 2019 Indenture and the June 2019\plain\cf1\f51\fs20\ql Senior Secured Notes are secured by a pledge of the capital stock of the Company\u8217?s wholly-owned subsidiaries, Xinyuan\plain\cf1\f51\fs20\ql Real Estate, Ltd. and Xinyuan International Property Investment Co., Ltd., and the obligations of Xinyuan Real Estate, Ltd. as a\plain\cf1\f51\fs20\ql Subsidiary Guarantor are secured by a pledge of the capital stock of its wholly-owned subsidiaries, Victory Good Development\plain\cf1\f51\fs20\ql Ltd., South Glory International Ltd. and Elite Quest Holdings Ltd.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The Company may redeem the June 2019 Senior Secured Notes, in whole or in part, at 106.5% and 103.25% of principal\plain\cf1\f51\fs20\ql amount, plus accrued and unpaid interest, if any, to (but excluding) the redemption date during the 12 month period commencing\plain\cf1\f51\fs20\ql on June 6, 2017 and June 6, 2018, respectively.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql At any time prior to June 6, 2017, the Company may at its option redeem the June 2019 Senior Secured Notes, in whole\plain\cf1\f51\fs20\ql but not in part, at a redemption price equal to 100.0% of the principal amount of the June 2019 Senior Secured Notes plus the\plain\cf1\f51\fs20\ql Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date. \u8220?Applicable\plain\cf1\f51\fs20\ql Premium\u8221? means with respect to any Note at any redemption date, the greater of (i) 1.00% of the principal amount of such\plain\cf1\f51\fs20\ql Note and (ii) the excess of (A) the present value at such redemption date of the redemption price of such Note on June 6, 2017,\plain\cf1\f51\fs20\ql plus all required remaining scheduled interest payments due on such Note through June 6, 2017 (but excluding accrued and\plain\cf1\f51\fs20\ql unpaid interest to the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate (as defined in the\plain\cf1\f51\fs20\ql June 2019 Indenture) plus 100 basis points, over (B) the principal amount of such Note on such redemption date.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql At any time prior to June 6 2017 the Company may redeem up to 35% of the aggregate principal amount of the June 2019\plain\cf1\f51\fs20\ql Senior Secured Notes with the net cash proceeds of one or more sales of the Company\u8217?s common shares in certain equity\plain\cf1\f51\fs20\ql offerings, within a specified period after the equity offering, at a redemption price of 113% the principal amount of the June\plain\cf1\f51\fs20\ql 2019 Senior Secured Notes, plus accrued and unpaid interest, if any, to (but not including) the redemption date, provided that at\plain\cf1\f51\fs20\ql least 65% of the aggregate principal amount of the June 2019 Senior Secured Notes issued on December 6, 2013 remain\plain\cf1\f51\fs20\ql outstanding after each such redemption.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The Company has evaluated and determined that there was no embedded derivative requiring bifurcation from the June\plain\cf1\f51\fs20\ql 2019 Senior Secured Notes under the requirements of ASC 815. The embedded redemption options and repurchase features did\plain\cf1\f51\fs20\ql not qualify for derivative accounting because the embedded derivatives were considered clearly and closely related to the\plain\cf1\f51\fs20\ql characteristics of the June 2019 Secured Senior Notes.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The June 2019 Indenture, as amended, contains certain covenants that, among others, restrict the Company\u8217?s ability\plain\cf1\f51\fs20\ql and the ability of the Company\u8217?s Restricted Subsidiaries (as defined in the June 2019 Indenture) to incur additional debt\plain\cf1\f51\fs20\ql or to issue preferred stock, to make certain payments or investments, to pay dividends or purchase or redeem capital stock, to sell\plain\cf1\f51\fs20\ql assets (including limitations on the use of proceeds of asset sales), to grant liens on the collateral securing the June 2019 Senior\plain\cf1\f51\fs20\ql Secured Notes or other assets, to make certain other payments or to engage in transactions with affiliates and holders of more\plain\cf1\f51\fs20\ql than 10% of the Company\u8217?s Common Shares, subject to certain qualifications and exceptions and satisfaction, in certain\plain\cf1\f51\fs20\ql circumstances of specified conditions, such as a Fixed Charge Coverage Ratio (as defined in the June 2019 Indenture) of 2.75 to\plain\cf1\f51\fs20\ql 1.0 (reduced from 3.0 to 1.0 effective February 2016).\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql August 2019 Senior Secured Notes\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql On August 30, 2016, the Company issued an aggregate principal amount of US$300,000,000 of the August 2019 Senior\plain\cf1\f51\fs20\ql Secured Notes. The August 2019 Senior Secured Notes bear interest at 8.125% per annum payable semi-annually. Interest will\plain\cf1\f51\fs20\ql be payable on February 28 and August 30 of each year, commencing February 28, 2017.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The effective interest rate of August 2019 Senior Secured Notes is 9.06%.\par\pard\plain\sb264\cf1\f51\fs20\qc F-29\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The August 2019 Senior Secured Notes were issued pursuant to an indenture, dated August 30, 2016, between the\plain\cf1\f51\fs20\ql Company, the \u8220?Subsidiary Guarantors\u8221? identified below and Citicorp International Limited, as trustee and collateral\plain\cf1\f51\fs20\ql agent (the \u8220?August 2019 Indenture\u8221?). The Company\u8217?s obligations under the August 2019 Indenture and the\plain\cf1\f51\fs20\ql August 2019 Senior Secured Notes have been guaranteed by certain of the Company\u8217?s wholly-owned subsidiaries,\plain\cf1\f51\fs20\ql Xinyuan Real Estate, Ltd., Xinyuan International Property Investment Co., Ltd., Victory Good Development Ltd., South Glory\plain\cf1\f51\fs20\ql International Ltd., Elite Quest Holdings Ltd. and Xinyuan International (HK) Property Investment Co., Limited (the\plain\cf1\f51\fs20\ql \u8220?Subsidiary Guarantors\u8221?) and will be guaranteed by such other future subsidiaries of the Company as is set forth in\plain\cf1\f51\fs20\ql and in accordance with the terms of the August 2019 Indenture. The Company\u8217?s obligations under the August 2019\plain\cf1\f51\fs20\ql Indenture and the August 2019 Senior Secured Notes are secured by a pledge of the capital stock of the Company\u8217?s\plain\cf1\f51\fs20\ql wholly-owned subsidiaries, Xinyuan Real Estate, Ltd., Xinyuan International Property Investment Co., Ltd., Victory Good\plain\cf1\f51\fs20\ql Development Limited, South Glory International Limited and Elite Quest Holdings Ltd.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql At any time prior to August 30, 2019, the Company may at its option redeem the August 2019 Senior Secured Notes, in\plain\cf1\f51\fs20\ql whole but not in part, at a redemption price equal to 100.0% of the principal amount of the August 2019 Senior Secured Notes\plain\cf1\f51\fs20\ql plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date.\plain\cf1\f51\fs20\ql \u8220?Applicable Premium\u8221? means with respect to any August 2019 Senior Secured Note at any redemption date, the\plain\cf1\f51\fs20\ql greater of (i) 1.00% of the principal amount of such August 2019 Senior Secured Note and (ii) the excess of (A) the present\plain\cf1\f51\fs20\ql value at such redemption date of the principal amount of such August 2019 Senior Secured Note, plus all required remaining\plain\cf1\f51\fs20\ql scheduled interest payments due on such August 2019 Senior Secured Note through the maturity date of the August 2019 Senior\plain\cf1\f51\fs20\ql Secured Notes (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to the\plain\cf1\f51\fs20\ql Adjusted Treasury Rate (as defined in the August 2019 Indenture) plus 100 basis points, over (B) the principal amount of such\plain\cf1\f51\fs20\ql August 2019 Senior Secured Note on such redemption date.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql At any time prior to August 30, 2019, the Company may redeem up to 35% of the aggregate principal amount of the\plain\cf1\f51\fs20\ql August 2019 Senior Secured Notes with the net cash proceeds of one or more sales of our common shares in certain equity\plain\cf1\f51\fs20\ql offerings, within a specified period after the equity offering, at a redemption price of 108.125% of the principal amount of the\plain\cf1\f51\fs20\ql August 2019 Senior Secured Notes, plus accrued and unpaid interest, if any, to (but not including) the redemption date, provided\plain\cf1\f51\fs20\ql that at least 65% of the aggregate principal amount of the August 2019 Senior Secured Notes issued on August 30, 2016 remain\plain\cf1\f51\fs20\ql outstanding after each such redemption.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The Company has evaluated and determined that there was no embedded derivative requiring bifurcation from the August\plain\cf1\f51\fs20\ql 2019 Senior Secured Notes under the requirements of ASC 815. The embedded redemption options and repurchase features did\plain\cf1\f51\fs20\ql not qualify for derivative accounting because the embedded derivatives were considered clearly and closely related to the\plain\cf1\f51\fs20\ql characteristics of the August 2019 Secured Senior Notes.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The August 2019 Indenture, contains certain covenants that, among others, restrict the Company\u8217?s ability and the\plain\cf1\f51\fs20\ql ability of the Company\u8217?s Restricted Subsidiaries (as defined in the August 2019 Indenture) to incur additional debt or to\plain\cf1\f51\fs20\ql issue preferred stock, to make certain payments or investments, to pay dividends or purchase or redeem capital stock, to sell\plain\cf1\f51\fs20\ql assets (including limitations on the use of proceeds of asset sales), to grant liens on the collateral securing the August 2019\plain\cf1\f51\fs20\ql Senior Secured Notes or other assets, to make certain other payments or to engage in transactions with affiliates and holders of\plain\cf1\f51\fs20\ql more than 10% of the Company\u8217?s Common Shares, subject to certain qualifications and exceptions and satisfaction, in\plain\cf1\f51\fs20\ql certain circumstances of specified conditions, such as a Fixed Charge Coverage Ratio (as defined in the August 2019 Indenture)\plain\cf1\f51\fs20\ql of 2.50 to 1.0.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql February 2021 Senior Secured Notes\par\pard\plain\sb132\fi528\cf1\f51\fs20\ql On February 28, 2017, The Company issued an aggregate principal amount of US$300,000,000 of the February 2021\plain\cf1\f51\fs20\ql Senior Secured Notes. The February 2021 Senior Secured Notes bear interest at 7.75% per annum payable semi-annually.\plain\cf1\f51\fs20\ql Interest will be payable on February 28 and August 28 of each year, commencing August 28, 2017. The February 2021 Senior\plain\cf1\f51\fs20\ql Secured Notes have a four year term maturing on February 28, 2021.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The effective interest rate of February 2021 Senior Secured Notes is 8.68%.{\*\bkmkstart _aeioulastrenderedpagebreakaeiou}{\*\bkmkend _aeioulastrenderedpagebreakaeiou}\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql The February 2021 Senior Secured Notes were issued pursuant to an indenture, dated February 28, 2017, between the\plain\cf1\f51\fs20\ql Company, the \u8220?Subsidiary Guarantors\u8221? identified below and Citicorp International Limited, as trustee and collateral\plain\cf1\f51\fs20\ql agent (the \u8220?February 2021 Indenture\u8221?). The Company\u8217?s obligations under the February 2021 Indenture and\plain\cf1\f51\fs20\ql the February 2021 Senior Secured Notes have been guaranteed by certain of the Company\u8217?s wholly-owned subsidiaries,\plain\cf1\f51\fs20\ql Xinyuan Real Estate, Ltd., Xinyuan International Property Investment Co., Ltd., Victory Good Development Ltd., South Glory\plain\cf1\f51\fs20\ql International Ltd., Elite Quest Holdings Ltd. and Xinyuan\par\pard\plain\sb264\cf1\f51\fs20\qc F-30\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc XINYUAN REAL ESTATE CO., LTD. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2017 (UNAUDITED) (Continued)\par\pard\plain\cf1\f51\fs20\b\qc (All amounts stated in US$, except for number of shares data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\ql International (HK) Property Investment Co., Limited (the \u8220?Subsidiary Guarantors\u8221?) and will be guaranteed by such\plain\cf1\f51\fs20\ql other future subsidiaries of the Company as is set forth in and in accordance with the terms of the February 2021 Indenture. The\plain\cf1\f51\fs20\ql Company\u8217?s obligations under the February 2021 Indenture and the February 2021 Senior Secured Notes are secured by a\plain\cf1\f51\fs20\ql pledge of the capital stock of the Company\u8217?s wholly-owned subsidiaries, Xinyuan Real Estate, Ltd., Xinyuan International\plain\cf1\f51\fs20\ql Property Investment Co., Ltd., Victory Good Development Limited, South Glory International Limited and Elite Quest Holdings\plain\cf1\f51\fs20\ql Ltd.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql At any time prior to February 28, 2021, the Company may at its option redeem the February 2021 Senior Secured Notes, in\plain\cf1\f51\fs20\ql whole but not in part, at a redemption price equal to 100.0% of the principal amount of the February 2021 Senior Secured Notes\plain\cf1\f51\fs20\ql plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date.\plain\cf1\f51\fs20\ql \u8220?Applicable Premium\u8221? means with respect to any February 2021 Senior Secured Note at any redemption date, the\plain\cf1\f51\fs20\ql greater of (i) 1.00% of the principal amount of such February 2021 Senior Secured Note and (ii) the excess of (A) the present\plain\cf1\f51\fs20\ql value at such redemption date of the principal amount of such February 2021 Senior Secured Note, plus all required remaining\plain\cf1\f51\fs20\ql scheduled interest payments due on such February 2021 Senior Secured Note through the maturity date of the February 2021\plain\cf1\f51\fs20\ql Senior Secured Notes (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to\plain\cf1\f51\fs20\ql the Adjusted Treasury Rate (as defined in the February 2021 Indenture) plus 100 basis points, over (B) the principal amount of\plain\cf1\f51\fs20\ql such February 2021 Senior Secured Note on such redemption date.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql At any time prior to February 28, 2021, the Company may redeem up to 35% of the aggregate principal amount of the\plain\cf1\f51\fs20\ql February 2021 Senior Secured Notes with the net cash proceeds of one or more sales of our common shares in certain