(b)  
750,000 (1,125,000 after the completion of the Bonus Shares Issue) H Shares, representing approximately 0.06% of the Company’s then total issued H Shares, were held by JF International Management Inc. JF Asset Management Limited was 99% held by J.P. Morgan Fleming Asset Management Holdings Inc, the ultimate holding company, through JP. Morgan Fleming Asset Management (Asia) Inc.(a wholly owned subsidiary of J.P. Morgan Fleming Asset Management Holdings Inc)

22 ANNUAL REPORT 2008

Report of the Directors
3.  Among the 1,739,679,397 H Shares held by HKSCC Nominees Limited, Deutsche Bank Aktiengesellschaft (or certain of its controlled or indirectly controlled subsidiaries), namely had a long position of 59,184,586 (88,776,879 after the completion of the Bonus Shares Issue) H Shares and a short position of 21,131,166 (31,696,749 after the completion of the Bonus Shares Issue) H Shares, representing 5.04% and 1.80% respectively of the then total issued H Shares. According to the information as disclosed in the website of the Hong Kong Stock Exchange and so far as the Directors and Supervisors of the Company were aware, Deutsche Bank Aktiengesellschaft held its interest in the Company in the following manner:
(a)  
regarding the long position of 59,184,586 (88,776,879 after the completion of the Bonus Shares Issue) H Shares, 8,225,870 (12,338,805 after the completion of the Bonus Shares Issue) H Shares were held in the capacity of beneficial owner, 8,500,000 (12,750,000 after the completion of the Bonus Shares Issue) H Shares were held in the capacity of investment manager (through its controlled or indirectly controlled subsidiaries, namely Deutsche Asset Management (Japan) Limited (8,000,000 (12,000,000 after the completion of the Bonus Shares Issue) H Shares) and DWS Finanz-Service GmbH (500,000 (750,000 after the completion of the Bonus Shares Issue) H Shares)) and 42,458,716 (63,838,074 after the completion of the Bonus Shares Issue) H Shares were held in the capacity as person having a security interest in Shares; and

(b)  
regarding the short position of 21,131,166 (31,696,749 after the completion of the Bonus Shares Issue) H Shares, 1,167,350 (1,751,025 after the completion of the Bonus Shares Issue) H Shares were held in the capacity of beneficial owner and 19,963,816 (29,945,724 after the completion of the Bonus Shares Issue) H Shares were held in the capacity of person having a security interest in Shares.

4.  CSAHC also had a long position in 721,150,000 A Shares and through Nan Lung Holding Limited (a wholly-owned subsidiary of CSAHC), a long position in 721,150,000 H Shares as a result of the signing of the A Shares subscription agreement dated 10 December 2008 entered into between the Company and CSAHC and the H Shares subscription agreement dated 10 December 2008 entered into between the Company and Nan Lung Holding Limited respectively.
Save as disclosed above, as at 31 December 2008, so far as was known to the Directors and Supervisors, no other person (other than the Directors, chief executive or Supervisors) had an interest or a short position in the Shares or underlying Shares that was required to be recorded pursuant to section 336 of the SFO.
ANNUAL REPORT 2008 23

Report of the Directors

PARTICULARS OF SHAREHOLDERS
The total number of shareholders of the Company as at 31 December 2008 was 400,902, of whom 399,885 were shareholders of A Shares and 1,017 were shareholders of H Shares.
Particulars of shareholdings of the Company’s ten largest shareholders as at 31 December 2008 are as follows:
Shareholdings of ten largest shareholders
Name of  Nature of  Total number  Pledged or 
shareholders  shares  of shares  frozen shares 
Percentage 
% 

CSAHC 50.30 3,300,000,000 None
A shares with selling restrictions
　
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