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Report to Shareholders

Company Profile
  I. Company facts in brief
  II. Organization
  III. Capital and shares
  IV. Corporate bonds
  V. GDR issuance

Business Performance
  I. Contents of business lines
  II. Markets and production & marketing
  III. Employee composition over the past two years and of 2002 as of the Yearbook deadline
  IV. Environmental protection expenditures over the past years and of 2002 as of the Yearbook deadline
  V. Labor harmony over the past years and of 2002 as of the Yearbook deadline (March 31, 2002)
  VI. Major contracts
  VII. Litigious and non-litigious events
  VIII. Major trading of assets over the past years and of 2002 as of the Yearbook deadline (March 31, 2002)

Enforcement of capital disbursement plans
  I. Contents of the plans
  II. Enforcement

Financial standing
  I. Summarized balance sheet, income statement and Audit's audit opinions over the past five years
  II. Financial analysis over the past five years
  III. Supervisors' review report on financial statements 2001
  IV. Financial statements of latest years
  V. Consolidated financial statements of parent and subsidies duly audited by CPAs in latest years
  VI. Review and analysis of the financial standing and management results
  VII. Attainment in financial forecasts over the past two years