0175 Geely Automobile Holdings Limited Annual Report 2011

Annual Report 2011Geely Automobile Holdings Limited4. Disposal of Land Use Right of the Land to Zhongjia AutoPursuant to the sales and purchase agreement dated 8 September 2011, the Group agreed with ZhongjiaAutomobile Manufacturing (Chengdu) Company Limited (“Zhongjia Auto”) for the disposal of land use right of theland located in Chengdu City, Sichuan Province, the PRC at a total consideration of RMB80,897,800.5. Acquisition of 8% Interest in the Registered Capital of Zhejiang JirunPursuant to the equity transfer agreement dated 25 November 2011, Zhejiang Geely Automobile Company Limited(“Zhejiang Geely”) entered into a transaction with Zhejiang Kingkong Automobile Parts and Components R&DCompany Limited (“Zhejiang Kingkong R&D”) to transfer an 8% interest in the registered capital of Zhejiang JirunAutomobile Company Limited (“Zhejiang Jirun”) to Zhejiang Kingkong R&D at a consideration of RMB350,477,000.The completion of the acquisition of the 8% interest in the registered capital of Zhejiang Jirun took place by endof December 2011.6. Acquisition of 8% Interest in the Registered Capital of Shanghai MaplePursuant to the equity transfer agreement dated 25 November 2011, Shanghai Maple Automobile Company Limited(“Shanghai Maple Automobile”) entered into a transaction with Zhejiang Kingkong R&D to transfer an 8% interestin the registered capital of Shanghai Maple Guorun Automobile Company Limited (“Shanghai Maple”) to ZhejiangKingkong R&D at a consideration of RMB116,590,900. The completion of the acquisition of the 8% interest inthe registered capital of Shanghai Maple Guorun took place by end of December 2011.7. Acquisition of 8% Interest in the Registered Capital of Hunan GeelyPursuant to the equity transfer agreement dated 25 November 2011, Zhejiang Haoqing entered into a transactionwith Zhejiang Fulin Guorun to transfer an 8% interest in the registered capital of Hunan Geely AutomobileComponents Company Limited (“Hunan Geely”) to Zhejiang Fulin Guorun at a consideration of RMB135,009,700.The completion of the acquisition of the 8% interest in the registered capital of Hunan Geely took place by endof December 2011.8. Acquisition of 8% Interest in the Registered Capital of Zhejiang KingkongPursuant to the equity transfer agreement dated 25 November 2011, Zhejiang Haoqing Automobile ManufacturingCompany Limited (“Zhejiang Haoqing”) entered into a transaction with Zhejiang Fulin Guorun Automobile Partsand Components Company Limited (“Zhejiang Fulin Guorun”) to transfer an 8% interest in the registered capital ofZhejiang Kingkong Automobile Company Limited (“Zhejiang Kingkong”) to Zhejiang Fulin Guorun at a considerationof RMB162,805,100. Nevertheless, the completion of the acquisition of the 8% interest in the registered capitalof Zhejiang Kongkong took place in February 2012.9. Acquisition of 8% Interest in the Registered Capital of Zhejiang RuhooPursuant to the equity transfer agreement dated 25 November 2011, Zhejiang Haoqing entered into a transactionwith Zhejiang Fulin Guorun to transfer an 8% interest in the registered capital of Zhejiang Ruhoo AutomobileCompany Limited (“Zhejiang Ruhoo”) to Zhejiang Fulin Guorun at a consideration of RMB52,581,400. Nevertheless,the completion of the acquisition of the 8% interest in the registered capital of Zhejiang Ruhoo took place inFebruary 2012.45