0175 Geely Automobile Holdings Limited Annual Report 2011
0175 Geely Automobile Holdings Limited Annual Report 2011
0175 Geely Automobile Holdings Limited Annual Report 2011
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<strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><strong>Geely</strong> <strong>Automobile</strong> <strong>Holdings</strong> <strong>Limited</strong>NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTSFor the year ended 31 December <strong>2011</strong>41. Subsidiaries (Continued)Name of companyPlace ofincorporation/registration andoperationsIssued and fullypaid shares/registered capitalPercentageof equityinterests heldDirectlyIndirectlyPrincipal activitiesZhejiang <strong>Geely</strong><strong>Automobile</strong> SalesCompany <strong>Limited</strong> # PRC RMB15,000,000 – 100% Sales of automobileparts andcomponents in thePRC()Zhejiang Jirun <strong>Automobile</strong>Company <strong>Limited</strong>(formerly knownas “Zhejiang <strong>Geely</strong><strong>Automobile</strong> Company<strong>Limited</strong>”)^Shanghai Maple Guorun<strong>Automobile</strong> Company<strong>Limited</strong>^PRC USD330,715,081 – 99%(note 1)PRC USD121,363,600 – 99%(note 1)Research, development,production,marketing andsales of sedans andrelated automobilecomponents in thePRCResearch, development,production,marketing andsales of sedans andrelated automobilecomponents in thePRCZhejiang <strong>Geely</strong> HoldingGroup <strong>Automobile</strong> SalesCompany <strong>Limited</strong> # PRC RMB20,000,000 – 100% Marketing and sales ofsedans in the PRC<strong>Geely</strong> InternationalCorporation # PRC RMB20,000,000 – 100% Export of sedansoutside the PRCZhejiang <strong>Geely</strong><strong>Automobile</strong> ResearchInstitute <strong>Limited</strong> # PRC RMB30,000,000 – 100% Research anddevelopmentof sedans andrelated automobilecomponents in thePRC127