<SEC-DOCUMENT>0001477932-15-006296.txt : 20151007
<SEC-HEADER>0001477932-15-006296.hdr.sgml : 20151007
<ACCEPTANCE-DATETIME>20151007161524
ACCESSION NUMBER:		0001477932-15-006296
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151007
FILED AS OF DATE:		20151007
DATE AS OF CHANGE:		20151007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			China Xiniya Fashion Ltd
		CENTRAL INDEX KEY:			0001499494
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34958
		FILM NUMBER:		151149083

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, 33 WANG HAI ROAD
		STREET 2:		XIAMEN SOFTWARE PARK PHASE II
		CITY:			XIAMEN, FUJIAN PROVINCE
		STATE:			F4
		ZIP:			361000
		BUSINESS PHONE:		86 1365 5939 932

	MAIL ADDRESS:	
		STREET 1:		4TH FLOOR, 33 WANG HAI ROAD
		STREET 2:		XIAMEN SOFTWARE PARK PHASE II
		CITY:			XIAMEN, FUJIAN PROVINCE
		STATE:			F4
		ZIP:			361000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>xny_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title>xny_6k.htm</title><!--Document Created by EDGARMaster--></head><BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <div style="FONT-SIZE: 1px; WIDTH: 100%; BORDER-BOTTOM: #000000 4px solid; MARGIN: 0px"></div>  <p style="MARGIN: 0px">  <div style="FONT-SIZE: 1pt; WIDTH: 100%; MARGIN-TOP: 2px; BORDER-BOTTOM: #000000 1px solid"></div>  <p style="MARGIN: 0px">  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="3"><b>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION</b><br>WASHINGTON, D.C. 20549</font>&nbsp;</p>  <p style="MARGIN: 0px" align="center">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b><font size="6">FORM 6-K</font></b><font size="2"> </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b><font size="2">REPORT OF FOREIGN PRIVATE ISSUER</font></b><font size="2"> </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">Pursuant to Rule 13a-16 or 15d-16 of<br>The Securities Exchange Act of 1934 </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">For the Month of October, 2015</font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">Commission File Number 001-34958</font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b><font size="6">CHINA XINIYA FASHION LIMITED</font></b><font size="2"></font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b><font size="2">2nd Floor, 90 An Ling Er Road,</font></b>&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b><font size="2">Xiamen City, Fujian Province 361010</font></b>&nbsp;</p>  <p style="MARGIN: 0px" align="center"><u><b><font size="2">People&#8217;s Republic of China (86) 1365 5939 932</font></b>&nbsp;</u></p>  <p style="MARGIN: 0px" align="center"><font size="2">(Address&nbsp;of&nbsp;Principal&nbsp;Executive&nbsp;Offices)</font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">(Indicate by check mark whether the registrant files or will file annual</font></p>  <p style="MARGIN: 0px" align="center"><font size="2">reports under cover of Form 20-F or Form 40-F.) </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">Form 20-F </font><font size="2"><font face="Wingdings">x </font></font><font size="2">Form 40-F </font><font size="2"><font face="Wingdings">o</font></font><font size="2"></font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">(Indicate by check mark if the registrant is submitting the Form 6-K </font></p>  <p style="MARGIN: 0px" align="center"><font size="2">in paper as permitted by Regulation S-T Rule 101(b)(1).) </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">Yes </font><font size="2"><font face="Wingdings">o </font></font><font size="2">No </font><font size="2"><font face="Wingdings">x</font></font><font size="2"> </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">(Indicate by check mark if the registrant is submitting the Form 6-K </font></p>  <p style="MARGIN: 0px" align="center"><font size="2">in paper as permitted by Regulation S-T Rule 101(b)(7).) </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">Yes </font><font size="2"><font face="Wingdings">o </font></font><font size="2">No </font><font size="2"><font face="Wingdings">x</font></font><font size="2"></font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">(Indicate by check mark whether the registrant by furnishing the </font></p>  <p style="MARGIN: 0px" align="center"><font size="2">information contained in this Form is also thereby furnishing the </font></p>  <p style="MARGIN: 0px" align="center"><font size="2">information to the Commission pursuant to Rule 12g3-2(b) under the </font></p>  <p style="MARGIN: 0px" align="center"><font size="2">Securities Exchange Act of 1934.) </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">Yes </font><font size="2"><font face="Wingdings">o </font></font><font size="2">No </font><font size="2"><font face="Wingdings">x</font></font><font size="2"> </font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><font size="2">(If "Yes" is marked, indicate below the file number assigned to the </font></p>  <p style="MARGIN: 0px" align="center"><font size="2">registrant in connection with Rule 12g3-2(b): 82-<u> N/A </u>) <p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center">  <div style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: #000000 1px solid; MARGIN: 0px"></div>  <p style="MARGIN: 0px" align="center">  <div style="FONT-SIZE: 1pt; WIDTH: 100%; MARGIN-TOP: 2px; BORDER-BOTTOM: #000000 4px solid; PAGE-BREAK-AFTER: always"></div>  <p style="MARGIN: 0px" align="center">  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"></font>&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b><font size="2">EXHIBIT</font></b><b><font size="2"> INDEX</font></b><b><font size="2"></font></b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="3d5c36d2-a9c5-4542-861e-a8726533c795" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0" cell.colspan="" cell.rowspan="">    <tr>  <td style="BORDER-BOTTOM: black 1px solid" width="8%">  <p style="MARGIN: 0px"><strong><font size="2">Number</font><font size="2"> </font></strong></p></td>  <td width="2%">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td style="BORDER-BOTTOM: black 1px solid" width="90%">  <p style="MARGIN: 0px"><font size="2"><strong>Description of Document </strong></font><font size="2"></font></p></td></tr>  <tr bgcolor="#cceeff">  <td>  <p style="MARGIN: 0px"><font size="2">99.1</font></p></td>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td>  <td>  <p style="MARGIN: 0px"><font size="2">Press release dated October 7, 2015</font></p></td></tr></table>  <p style="MARGIN: 0px">&nbsp;</p>  <table id="pagebreakf965bc41-9172-4ece-a925-01356c99a9a7" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td class="hpbhr">&nbsp;</td></tr>  <tr>  <td style="BORDER-BOTTOM: black 1px solid">  <p style="MARGIN: 0px" align="center">2</p></td></tr>  <tr></tr>  <tr>  <td>  <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>  <tr>  <td>&nbsp;</td></tr></table>  <p style="MARGIN: 0px"><font size="2"></font>&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b><font size="2">SIGNATURE</font></b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><font size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="6c214cdb-f5c2-4c21-bdf8-176db177a351" style="WIDTH: 100%; TEXT-ALIGN: left; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td>  <td colspan="2"><font style="FONT: 10pt TIMES NEW ROMAN"><strong>China Xiniya Fashion Limited</strong></font></td>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr>  <td width="47%">&nbsp;</td>  <td width="4%">&nbsp;</td>  <td width="30%">&nbsp;</td>  <td width="15%">&nbsp;</td></tr>  <tr>  <td><font style="FONT: 10pt TIMES NEW ROMAN">Date: <font size="2">October 7</font><font size="2">, 201</font><font size="2">5</font></font></td>  <td><font style="FONT: 10pt TIMES NEW ROMAN">By:</font></td>  <td style="BORDER-BOTTOM: black 1px solid"><font style="FONT: 10pt TIMES NEW ROMAN"><em>/s/ Chee Jiong Ng </em></font></td>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td>  <td>  <p style="MARGIN: 0px">Name:&nbsp;</p></td>  <td><font style="FONT: 10pt TIMES NEW ROMAN">Chee Jiong Ng</font></td>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td>  <td>  <p style="MARGIN: 0px">Title:</p></td>  <td><font style="FONT: 10pt TIMES NEW ROMAN">Chief Financial Officer</font></td>  <td>  <p style="MARGIN: 0px">&nbsp;</p></td></tr></table></p>  <p style="MARGIN: 0px"><font size="2"></font>&nbsp;</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center">3</p>  <hr style="COLOR: #000000" noshade="">    <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="right">&nbsp;</p></BODY></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>xny_ex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html><head><title>xny_ex991.htm</title><!--Document Created by EDGARMaster--></head><BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p style="MARGIN: 0px" align="right"><b><font size="2">EXHIBIT 99.1</font></b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><b>China Xiniya Fashion Limited Reports 2015 Second Quarter Financial Results</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">XIAMEN, FUJIAN, China&#8212;(PR NEWSWIRE)&#8212;October 7, 2015&#8212;China Xiniya Fashion Limited ("Xiniya" or the "Company" NYSE:XNY), a leading provider of men's business casual apparel in China, today reported financial results for the second quarter of 2015. The unaudited consolidated financial statements and other financial information included in this press release have been prepared in conformity with International Financial Reporting Standards (&#8220;IFRS&#8221;). </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">The Company publishes its consolidated financial statements in Renminbi (&#8220;RMB&#8221;). </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>Second Quarter 2015 Highlights</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><font size="2"><font face="Symbol">  <table id="eb0bb162-03ba-422f-b055-ea6b94926c9c" style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr>  <td valign="top" width="4%">  <p style="MARGIN: 0px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font></p></td>  <td valign="top" width="96%">  <p style="MARGIN: 0px">Revenue during the second quarter of 2015 decreased by 47.2% to RMB106.4 million, as compared to RMB201.7 million in the second quarter of 2014.</p></td></tr>  <tr height="15">  <td valign="top"></td>  <td valign="top"></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font></p></td>  <td valign="top">  <p style="MARGIN: 0px">Gross margin was 20.8% of revenue in the second quarter of 2015 as compared to 27.0% in the second quarter of 2014.</p></td></tr>  <tr height="15">  <td valign="top"></td>  <td valign="top"></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font></p></td>  <td valign="top">  <p style="MARGIN: 0px">Loss before taxation during the second quarter of 2015 was RMB8.7 million as compared to profit before taxation of RMB18.4 million in the second quarter of 2014.</p></td></tr>  <tr height="15">  <td valign="top"></td>  <td valign="top"></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font></p></td>  <td valign="top">  <p style="MARGIN: 0px">Net loss in the second quarter of 2015 was RMB6.8 million as compared to net profit of RMB13.3 million in the second quarter of 2014.</p></td></tr>  <tr height="15">  <td valign="top"></td>  <td valign="top"></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font></p></td>  <td valign="top">  <p style="MARGIN: 0px">Loss per ADS amounted $0.08 in the second quarter of 2015 as compared to earnings per ADS of $0.15 per ADS in the second quarter of 2014.</p></td></tr>  <tr height="15">  <td valign="top"></td>  <td valign="top"></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font></p></td>  <td valign="top">  <p style="MARGIN: 0px">Xiniya&#8217;s network of authorized retailers had a net increase of 31 authorized retail outlets in the second quarter of 2015, consisting of 64 new retail outlets opened and 33 retail outlets closed. The total number of authorized retail outlets was 635 as of June 30, 2015.</p></td></tr></table></font></font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>Recent development</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="f61b8196-5e90-418c-84f5-777af8483cfe" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="2" cellpadding="0" width="100%" align="center" border="0">    <tr>  <td valign="top" width="4%">  <p style="MARGIN: 0px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol">&#183;</font></p></td>  <td width="96%">  <p style="MARGIN: 0px">The Company successfully held its 2015 Winter Collection Sales Fair in June 2015 in Xiamen City, Fujian Province. The Company&#8217;s distributors and authorized retailers in attendance placed their orders for Xiniya&#8217;s latest 2015 Winter collection. Xiniya exhibited over 500 new products during the sales fair including apparel, shoes, bags and accessories for distributors and authorized retailers to select from based on each store&#8217;s location, climate and local consumer taste. Deliveries will take place during the fourth quarter of 2015. The distributors will then either deliver these products to authorized retailers or display them in their own retail outlets. The total orders for the 2015 Winter Collection increased 15%, when compared to the total orders from the corresponding period last year.</p></td></tr></table></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>Chairman&#8217;s statement</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">&#8220;I am pleased to report that orders for our 2015 Winter Collection Sales Fair increased 15% despite the continued challenging economic environment and increased competition in China&#8217;s menswear industry,&#8221; commented Mr. Qiming Xu, Xiniya&#8217;s Chairman and Chief Executive Officer. &#8220;To further support and stabilize our retail network during this transition period, we implemented the second phase of our inventory buyback. We are beginning to see a definite positive impact on our business from the buyback initiatives and expect this progress to continue for the rest of the year. Confidence from our distributors and existing and prospective authorized retailers has improved, evidenced by the increase in orders from our sales fair and the net increase in number of authorized retail outlets. While we expect the economic environment to remain challenging, we are confident that our strategy to adjust our business will ensure the long-term sustainability of our business and brand.&#8221;</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="pagebreak9acbcf07-c95f-4f91-8718-7720fb39a2e1" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td class="hpbhr">&nbsp;</td></tr>  <tr>  <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr>  <tr></tr>  <tr>  <td>  <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>  <tr>  <td>&nbsp;</td></tr></table></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>Second Quarter 2015 Results</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Revenue for the second quarter of 2015 was RMB106.4 million, a 47.2% decrease from RMB201.7 million during the second quarter of 2014. The Company delivered approximately 730,000 units to its distributors during the second quarter of 2015, compared with 1,192,000 units during the second quarter of 2014. As of June 30, 2015, the Company had a total of 635 retail outlets. The table below sets forth the number of retail outlets by outlet type:</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="2f5f9940-1fcf-4103-9ed5-fb2312872b1d" style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr>  <td valign="bottom">  <p style="MARGIN: 0px"><b>Outlet Type:</b></p></td>  <td valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><b>As of <br>December 31,<br>2014</b></p></td>  <td valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><b>As of <br>June </b><b>30, <br>2015</b></p></td>  <td valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><b>Company-operated flagship store</b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><b>Distributor-operated stores </b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">81</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">99</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><b>Distributor-operated flagship stores</b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">3</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">3</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><b>Distributor-operated retail website</b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><b>Managed by authorized retailers</b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">812</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">531</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><b>Total outlet count</b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">898</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">635</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr></table>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Gross profit during the second quarter of 2015 was RMB22.1 million, a decrease from RMB54.4 million during the second quarter of 2014. Gross margin was 20.8% of revenue in the second quarter of 2015 as compared with 27.0% in the second quarter of 2014. The decrease in gross margin was primarily due to an increase in research and development expenses as a percentage of total sales in the second quarter of 2015 and a decrease in retail prices to improve the price competitiveness and attractiveness of the Company&#8217;s products to consumers. </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Interest and other income was RMB4.7 million in the second quarter of 2015 as compared to RMB5.3 million in the second quarter of 2014. The decrease was mainly due to lower time deposits of RMB370 million placed with banks in the second quarter of 2015 as compared to time deposits of RMB600 million placed with banks during the same period last year.</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Selling and distribution expenses were RMB29.8 million in the second quarter of 2015, a decrease from RMB34.4 million during the second quarter of 2014. The decrease was primarily due to a decrease of RMB4.1 million in rack expenses for authorized retailers, as well as a decrease in packaging expenses. </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Administrative expenses were RMB5.7 million in the second quarter of 2015, a decrease from RMB7.0 million during the second quarter of 2014. The decrease was primarily due to reduction of headcounts, office and other miscellaneous expenses during the second quarter of 2015.</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="pagebreak49997f27-8b36-48ec-a1fd-0a77518d7623" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td class="hpbhr">&nbsp;</td></tr>  <tr>  <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</td></tr>  <tr></tr>  <tr>  <td>  <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>  <tr>  <td>&nbsp;</td></tr></table></p>  <p style="MARGIN: 0px">&nbsp;&nbsp;</p>  <p style="MARGIN: 0px">Loss before taxation was RMB8.7 million in the second quarter of 2015, as compared to profit before taxation of RMB18.4 million during the second quarter of 2014. </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Income tax benefit in the second quarter of 2015 was RMB2.0 million, as compared to income tax expense of RMB5.0 million during the second quarter of 2014. </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Loss after taxation for the second quarter of 2015 was RMB6.8 million, as compared to profit after taxation of RMB13.3 million during the second quarter of 2014. Loss per ADS was $0.08 in the second quarter of 2015, compared to earnings per ADS of $0.15 in the second quarter of 2014.</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>Financial Position</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">As of&nbsp;June 30, 2015, the Company had cash and cash equivalents of&nbsp;RMB699.0 million, and time deposits of&nbsp;RMB120.0 million held at banks with maturities of more than three months. </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">As of June 30, 2015, the Company had inventory of RMB217.7 million. The increase in inventory, as compared to December 31, 2014, was primarily due to the Company&#8217;s repurchase of approximately RMB211.3 million of inventory from certain distributors in the second quarter of 2015. This inventory was written down by RMB115.6 million. Correspondingly, the provision for this liability, which was recorded in 2014, was reduced by RMB115.6 million.</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>Conference Call</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Xiniya will host a conference call and live webcast at 8 a.m. Eastern Daylight Time (EDT) on October 8, 2015, (8 p.m. Beijing time on the same day).</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">The toll free dial-in details for the live conference call are as follows:</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">- USA: <font size="2">1877-679-2987</font>&nbsp;</p>  <p style="MARGIN: 0px">-&nbsp;China: <font size="2">800-803-6152</font>&nbsp;</p>  <p style="MARGIN: 0px">- Hong Kong: <font size="2">800-908-575</font>&nbsp;</p>  <p style="MARGIN: 0px">- International access: <font size="2">+852 3056 2688</font></p>  <p style="MARGIN: 0px">Participant PIN Code: <font size="2">647733#</font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">A live webcast of the conference call will be available on: <font size="2">http://www.corpasia.net/cancast/us/index.php?id=usXNY_37&amp;version=e</font></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">A telephone replay of the call will be available 2 hours after the end of the conference through November 6, 2015 at 8 a.m. EDT. </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">The dial-in details for the replay are as follows: </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="37549462-6cfa-4712-a4bd-87d6ea98e632" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="2" cellpadding="0" width="100%" align="center" border="0">    <tr>  <td width="8%">  <p style="MARGIN: 0px">Hong Kong</p></td>  <td width="92%">  <p style="MARGIN: 0px">3060-0238</p></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px">China</p></td>  <td>  <p style="MARGIN: 0px">1080-0265-2561 Southern China - CT<br>1080-0650-0588 Northern China &#8211; CNC</p></td></tr>  <tr>  <td>  <p style="MARGIN: 0px">USA</p></td>  <td>  <p style="MARGIN: 0px">1866-345-5132</p></td></tr></table><font size="2">Conference Reference: </font><font size="2">216646#   <p style="MARGIN: 0px">  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="pagebreak0c6481d9-180d-48bc-bffa-cade433fd00e" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td class="hpbhr">&nbsp;</td></tr>  <tr>  <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">3</td></tr>  <tr></tr>  <tr>  <td>  <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>  <tr>  <td>&nbsp;</td></tr></table></p>  <p style="MARGIN: 0px"></font>&nbsp;</p>  <p style="MARGIN: 0px"><b>Safe Harbor Statement</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>Exchange Rate Information</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">The United States dollar ($) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the certified exchange rate of $1.00 = RMB6.2000 on June 30, 2015 as set forth in the H.10 weekly statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into $ at that rate on June 30, 2015, or at any other date. The percentages stated are calculated based on RMB amounts. </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px"><b>About China Xiniya Fashion Limited</b></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Xiniya is a leading provider of men's business casual apparel in China. The Company designs men's business casual and business formal apparel and accessories, which are marketed under the Xiniya brand, and sells through its distribution network that includes 22 distributors. Its products are sold to consumers at over 600 authorized retail outlets owned and managed by third parties located in 22 provinces, four autonomous regions, and four municipalities in China. This retail network focuses on second and lower-tier cities, where increasing affluence has led to an improvement in living standards and where most international men's apparel brands do not have a significant presence. The Company's target consumers are male working professionals in China between the ages of 25 and 45 who seek fashionable clothing to suit their working and lifestyle needs. For more information, please visit the Company's website at http://www.xiniya.com.</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">For additional information, please contact:</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">China Xiniya Fashion Limited&nbsp;</p>  <p style="MARGIN: 0px">Mr. Chee Jiong Ng&nbsp;</p>  <p style="MARGIN: 0px">Chief Financial Officer&nbsp;</p>  <p style="MARGIN: 0px">Telephone: +86 1365 5939 932&nbsp;</p>  <p style="MARGIN: 0px">Email: ngcheejiong@xiniya.com</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Christensen</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Ms. Linda Bergkamp&nbsp;</p>  <p style="MARGIN: 0px">Phone: +1-480-614-3004 in U.S.A.&nbsp;</p>  <p style="MARGIN: 0px">Email: lbergkamp@ChristensenIR.com</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">or</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">Mr. Christian Arnell&nbsp;</p>  <p style="MARGIN: 0px">Telephone +86 10 5900-1548 in Beijing&nbsp;</p>  <p style="MARGIN: 0px">email: carnell@christensenir.com </p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="pagebreak305e0244-9a91-4459-ae7f-e34aec9c167e" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td class="hpbhr">&nbsp;</td></tr>  <tr>  <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">4</td></tr>  <tr></tr>  <tr>  <td>  <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>  <tr>  <td>&nbsp;</td></tr></table></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><strong><font size="2">C</font><font size="2">HINA XINIYA FASHION LIMITED</font>&nbsp;</strong></p>  <p style="MARGIN: 0px" align="center"><strong><font size="2">UNAUDITED </font><font size="2">CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</font><font size="2">/(LOSS)</font></strong><font size="2">&nbsp;  <p>  <p style="MARGIN: 0px" align="center"><strong>(Expressed in thousands, except per share and per ADS amounts)</strong></p>  <p style="MARGIN: 0px" align="center"></font>&nbsp;</p>  <p style="MARGIN: 0px">  <table id="1413e192-8e58-4be0-b784-ed42bd9acd77" style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr>  <td>  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td>  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" colspan="8">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;Three months ended June 30</strong></p></td>  <td id="hdcell">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td style="BORDER-BOTTOM: black 1px solid" colspan="8">  <p style="MARGIN: 0px" align="center"><strong>Six months ended June 30</strong></p></td>  <td><strong></strong></td></tr>  <tr>  <td valign="bottom"><strong>&nbsp;</strong></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2014</strong></font></p>  <p style="MARGIN: 0px" align="center"><font size="2"><strong>RMB</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p>  <p style="MARGIN: 0px" align="center"><font size="2"><strong>RMB</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p>  <p style="MARGIN: 0px" align="center"><font size="2"><strong>USD</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2014</strong></font></p>  <p style="MARGIN: 0px" align="center"><font size="2"><strong>RMB</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p>  <p style="MARGIN: 0px" align="center"><font size="2"><strong>RMB</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p>  <p style="MARGIN: 0px" align="center"><font size="2"><strong>USD</strong></font></p></td>  <td style="PADDING-BOTTOM: 1px" valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr>  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Revenue</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">201,715</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">106,378</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">17,158</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">406,306</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">214,274</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">34,560</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Cost of sales</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(147,313</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(84,244</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(13,588</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(291,435</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(162,019</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(26,132</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Gross profit</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">54,402</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">22,134</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">3,570</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">114,871</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">52,255</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">8,428</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Interest and other income</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">5,287</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">4,666</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">753</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">10,521</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">10,493</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,692</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Selling and distribution expenses</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(34,355</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(29,807</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(4,808</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(54,772</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(36,991</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(5,966</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Administrative expenses</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(6,959</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(5,736</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(925</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(16,083</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(12,420</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(2,003</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Profit</font>/(loss)<font size="2"> before taxation</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">18,375</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(8,743</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(1,410</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">54,537</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">13,337</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">2,151</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Income tax </font><font size="2">(</font><font size="2">expense</font><font size="2">)/benefit</font><font size="2"></font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(5,037</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,968</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">317</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(14,600</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(3,773</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(608</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Profit</font>/(loss)<font size="2"> for the period</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">13,338</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(6,775</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(1,093</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">39,937</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">9,564</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,543</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Other comprehensive income/(loss) for the period:</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Exchange differences on translation of financial statements of entities outside the mainland of the People&#8217;s Republic of China</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(44</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(4</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(1</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">695</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">14</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Total comprehensive income/(loss) for the period</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">13,294</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">(6,779</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">(1,094</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">)&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">40,632</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">9,578</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">1,545</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Earnings/(loss) per share - basic and diluted (in RMB)</font><font size="2"></font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">0.06</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(0.03</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">0.18</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">0.04</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Earnings/(loss) per ADS &#8211; basic and diluted (in USD)</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">0.15</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(0.08</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">)</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">0.45</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">0.11</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Weighted average shares outstanding in the period</font><font size="2"> (&#8216;000)</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">227,717</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">227,717</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">227,717</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">227,717</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Weighted average ADS outstanding in the period</font><font size="2"> (&#8216;000)</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">14,232</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">14,232</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">14,232</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">14,232</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr></table></p>  <p style="MARGIN: 0px"><font size="2"></font>&nbsp;</p>  <p style="MARGIN: 0px"><font size="2">One ADS represents </font><font size="2">16</font><font size="2"> ordinary shares.</font>   <p style="MARGIN: 0px"><font size="2">&nbsp;   <p style="MARGIN: 0px">  <table id="pagebreak1615dafb-2de0-4314-9c0a-1160193b7104" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td class="hpbhr">&nbsp;</td></tr>  <tr>  <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">5</td></tr>  <tr></tr>  <tr>  <td>  <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>  <tr>  <td>&nbsp;</td></tr></table></p>  <p style="MARGIN: 0px">&nbsp;</font></p>  <p style="MARGIN: 0px" align="center"><strong>CHINA XINIYA FASHION LIMITED&nbsp;</strong></p>  <p style="MARGIN: 0px" align="center"><strong>CONSOLIDATED STATEMENTS OF FINANCIAL POSITION&nbsp;</strong></p>  <p style="MARGIN: 0px" align="center"><strong>(<font size="2">Expressed in thousands)</font></strong></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="3b258911-23a3-43cf-9bcd-0fd0d1a85e17" style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr>  <td valign="bottom">&nbsp;</td>  <td valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="hdcell" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>As of</strong></p>  <p style="MARGIN: 0px" align="center"><strong>December 31,</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6" align="center">  <p style="MARGIN: 0px"><strong>As of<br></strong><strong>June 30,</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td></tr>  <tr>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>2014</strong></p></td>  <td style="PADDING-BOTTOM: 1px" valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>2015</strong></p></td>  <td style="PADDING-BOTTOM: 1px" valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>2015</strong></p></td>  <td style="PADDING-BOTTOM: 1px" valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td></tr>  <tr>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>RMB</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>RMB</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>USD</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td></tr>  <tr>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>Unaudited</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px" align="center"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><strong>Unaudited</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px"><strong>Assets</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px"><strong>Non-current assets</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Property, plant and equipment</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">5,316</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">4,737</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">764</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Intangible assets</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">6,379</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">5,285</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">852</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Deposit for land use right</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">8,854</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">8,854</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,428</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Deferred tax assets</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">54,760</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">50,987</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">8,224</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Total non-current assets</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">75,309</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">69,863</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">11,268</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Current assets</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Cash and cash equivalents</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">985,097</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">699,060</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">112,752</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Time deposits held at banks with maturity over three months</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">70,000</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">120,000</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">19,355</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Trade receivables</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">278,446</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">241,023</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">38,875</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Prepayments to suppliers</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">48,140</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">58,200</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">9,387</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Inventories</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">97,800</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">217,738</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">35,119</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Other receivables and prepayments</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">58,106</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">105,960</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">17,090</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Total current assets</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,537,589</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,441,981</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">232,578</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Total assets</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">1,612,898</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">1,511,844</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">243,846</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Equity and liabilities</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Equity</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Share capital</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">77</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">77</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">12</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Additional paid-in capital</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">519,077</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">519,077</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">83,722</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Statutory reserve</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">122,615</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">122,615</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">19,777</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Currency translation reserve</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(19,469</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(19,483</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(3,142</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Retained earnings</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">708,804</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">718,368</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">115,866</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Total equity</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,331,104</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,340,654</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">216,235</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Current liabilities</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Trade payables</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">45,288</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">38,219</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">6,164</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Deposits received from distributors</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">63,400</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">69,600</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">11,226</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Other payables and accruals</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">34,493</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">40,350</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">6,508</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Provision for liability</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">136,200</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">20,608</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">3,324</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px">Current income tax payable</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,413</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">2,413</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">389</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px">Total current liabilities</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">281,794</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">171,190</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">27,611</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><strong>Total equity and liabilities</strong></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">1,612,898</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">1,511,844</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">243,846</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr></table>  <p style="MARGIN: 0px">&nbsp;</p>  <table id="pagebreak48e040d9-ba89-45fe-9492-ec82e1c28ae3" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr>  <td class="hpbhr">&nbsp;</td></tr>  <tr>  <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">6</td></tr>  <tr></tr>  <tr>  <td>  <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr>  <tr>  <td>&nbsp;</td></tr></table>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center"><strong>CHINA XINIYA FASHION LIMITED</strong></p>  <p style="MARGIN: 0px" align="center"><strong>UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS</strong></p>  <p style="MARGIN: 0px" align="center"><strong>(<font size="2">Expressed in thousands)</font></strong></p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">  <table id="369f459d-41ab-409d-9dc0-53904fd9ac4a" style="WIDTH: 100%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr>  <td>&nbsp;</td>  <td>  <p style="MARGIN: 0px" align="center"><font size="2"><strong></strong></font>&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" colspan="10">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>Six months ended June 30</strong></font></p></td>  <td></td></tr>  <tr>  <td valign="bottom"><strong>&nbsp;</strong></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2014</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>2015</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td></tr>  <tr>  <td valign="bottom"><strong>&nbsp;</strong></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>RMB</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>RMB</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td valign="bottom">  <p style="MARGIN: 0px"><strong>&nbsp;</strong></p></td>  <td id="hdcell" valign="bottom" width="9%" colspan="2" align="center">  <p style="MARGIN: 0px" align="center"><font size="2"><strong>USD</strong></font></p></td>  <td valign="bottom">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr>  <td valign="top">  <p style="MARGIN: 0px"><b><font size="2">Cash flows from operating activities:</font></b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" colspan="2" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Profit before taxation</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">54,537</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">13,337</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">2,151</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Adjustments for:</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Depreciation of property, plant and equipment</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">2,091</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,591</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">257</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Amortization of intangible assets</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,093</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,094</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">176</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Loss on disposal of property, plant and equipment</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">&#8212;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">387</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">62</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Interest income</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(9,976</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(8,618</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(1,390</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Foreign exchange (gains)/losses</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(751</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">11</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">2</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Share-based compensation</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">458</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">&#8212;</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">&#8212;</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Operating profit before working capital changes</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">47,452</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">7,802</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,258</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Decrease in trade receivables</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">315,434</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">37,423</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">6,036</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Increase in prepayments to suppliers</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(11,438</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(10,060</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(1,623</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Increase in inventories</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(3,839</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(235,530</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(37,989</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Increase in other receivables and prepayments</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(21,036</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(46,347</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(7,475</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Increase/(decrease) in trade payables</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">14,736</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(7,069</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(1,140</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Increase in deposits received from distributors</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">6,500</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">6,200</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,000</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">(Decrease)/increase in other payables and accruals</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(14,626</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">5,857</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">945</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Cash generated by/(used in) operating activities</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">333,183</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(241,724</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(38,988</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Income tax paid</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(25,846</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">&#8212;</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">&#8212;</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Net cash generated by/(used in) operating activities</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">307,337</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(241,724</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(38,988</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><b><font size="2">Cash flows from investing activities:</font></b></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Increase in time deposits held at banks with maturity over three months</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(160,000</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(50,000</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(8,064</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Acquisition of property, plant and equipment</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(40</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(3,397</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(548</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Proceeds from the disposal of property, plant and equipment</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">&#8212;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,998</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">322</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Interest received</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">4,369</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">7,111</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">1,147</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Net cash used in investing activities</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(155,671</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(44,288</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(7,143</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td>&nbsp;</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Net increase/(decrease) in cash and cash equivalents</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">151,666</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(286,012</td>  <td valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">(46,131</td>  <td valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Cash and cash equivalents at beginning of the period</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">806,467</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">985,097</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" valign="bottom" width="9%" align="right">158,887</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr>  <tr bgcolor="#cceeff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Exchange gains/(losses) on cash and cash equivalents</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">1,446</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(25</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%" align="right">(4</td>  <td style="PADDING-BOTTOM: 1px" valign="bottom" width="1%">)</td></tr>  <tr bgcolor="#ffffff">  <td valign="top">  <p style="MARGIN: 0px"><font size="2">Cash and cash equivalents at end of the period</font></p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">959,579</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">699,060</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td style="BORDER-BOTTOM: black 3px double" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td>  <td id="ffcell" style="BORDER-BOTTOM: black 3px double" valign="bottom" width="9%" align="right">112,752</td>  <td style="PADDING-BOTTOM: 3px" valign="bottom" width="1%">  <p style="MARGIN: 0px">&nbsp;</p></td></tr></table>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px">&nbsp;</p>  <p style="MARGIN: 0px" align="center">&nbsp;</p>  <p style="MARGIN: 0px" align="center">7</p>  <hr style="COLOR: #000000" noshade="">  </BODY></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
