TABLE OF CONTENTS
Page
PART I
ITEM 1.
IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS
.................................................................
4
ITEM 2.
OFFER STATISTICS AND EXPECTED TIMETABLE
...............................................................................................
4
ITEM 3.
KEY INFORMATION
.................................................................................................................................................
4
3A.
Selected Financial Data
................................................................................................................................................
4
3B.
Capitalization And Indebtedness
..................................................................................................................................
6
3C.
Reasons For The Offer And Use Of Proceeds ..............................................................................................................
6
3D.
Risk
Factors
................................................................................................................................................................
6
ITEM 4.
INFORMATION ON THE COMPANY
......................................................................................................................
18
4A.
History And Development Of The Company
.............................................................................................................
18
4B.
Business
Overview
......................................................................................................................................................
20
4C.
Organizational
Structure
.............................................................................................................................................
29
4D.
Property, Plant And Equipment
.................................................................................................................................
29
ITEM 4A.
UNRESOLVED STAFF COMMENTS
.........................................................................................................................
44
ITEM 5.
OPERATING AND FINANCIAL REVIEW AND PROSPECTS
..................................................................................
45
5A.
Operating Results
........................................................................................................................................................
46
5B.
Liquidity
And
Capital
Resources
................................................................................................................................
66
5C.
Research And Development, Patents And Licenses, Etc .............................................................................................
68
5D.
Trend
Information
......................................................................................................................................................
68
5E.
Off-Balance Sheet Arrangements
................................................................................................................................
68
5F.
Tabular Disclosure Of Contractual Obligations ............................................................................................................
69
5G.
Safe
Harbor
................................................................................................................................................................
69
ITEM 6.
DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
...................................................................................
69
6A.
Directors And Senior Management
.............................................................................................................................
69
6B.
Compensation
............................................................................................................................................................
71
6C.
Board
Practices
...........................................................................................................................................................
73
6D.
Employees
..................................................................................................................................................................
77
6E.
Share Ownership
.........................................................................................................................................................
79
ITEM 7.
MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
...................................................................
81
7A.
Major
Shareholders
....................................................................................................................................................
81
7B.
Related
Party
Transactions
.........................................................................................................................................
83
7C.
Interests Of Experts And Counsel
................................................................................................................................
84
ITEM 8.
FINANCIAL INFORMATION
....................................................................................................................................
84
8A.
Consolidated Statements And Other Financial Information .........................................................................................
84
8B.
Significant
Changes
....................................................................................................................................................
84
ITEM 9.
THE OFFER AND LISTING
.......................................................................................................................................
84
9A.
Offer And Listing Details
............................................................................................................................................
84
9B.
Plan
Of
Distribution
....................................................................................................................................................
86
9C.
Markets
.......................................................................................................................................................................
86
9D.
Selling
Shareholders
...................................................................................................................................................
86
9E.
Dilution
.......................................................................................................................................................................
86
9F.
Expenses Of The Issue
................................................................................................................................................
86
ITEM 10.
ADDITIONAL INFORMATION
................................................................................................................................
86
10A.
Share
Capital
..............................................................................................................................................................
86
10B.
Memorandum of Incorporation
..................................................................................................................................
86
10C.
Material
Contracts
......................................................................................................................................................
89
10D.
Exchange
Controls
.....................................................................................................................................................
90
10E.
Taxation
.....................................................................................................................................................................
92
10F.
Dividends And Paying Agents
.....................................................................................................................................
96
10G.
Statement By Experts
................................................................................................................................................
96
10H.
Documents
On
Display
..............................................................................................................................................
96
10I.
Subsidiary
Information
..............................................................................................................................................
96
ITEM 11.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
.................................................
97
ITEM 12.
DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
................................................................
98
12A.
Debt Securities
...........................................................................................................................................................
98
12B.
Warrants and Rights
..................................................................................................................................................
98
12C.
Other Securities
..........................................................................................................................................................
98
12D
American Depositary Shares
......................................................................................................................................
98