January Financial Statement 一月份財政報表

Js Fund Balance Sheet at 31 Jan 2007
Asset
	Cash	$ 64,268.38
	Avaliable for sales securities -1919 (7500 shares, $5.82@)	$ 43,622.90
	Fair value adjustment of securities	$ (1,172.90)
			$ 106,718.38
Equity
	Capital - Tung	$ (100,000.00)
	Capital - Ming	$ (3,000.00)
	Capital - Js	$ (4,891.28)	$ (107,891.28)
	Retained Earnings
	Other Comprehensive Income	$ 1,172.90
			$ (106,718.38)

Purchase of securities 買入證券

Name of Securities 證券名稱: 1919 China Cosco 中國遠洋控股股份有限公司
Quantity 數量: 5000
Unit Price 單價: HKD$ 5.70
Consideration 價值: 　　　　　　　　HKD$ 28500.00
Plus 加 Brokage 經紀佣金: 　　 　　HKD$ 100
　　　　XACT Levy 交易徵費: 　　　HKD$ 1.14
　　　　XACT COMM 交收服務費:　HKD$ 50.00
　　　　AD Val Stamp 從價印花稅: 　HKD$ 29.00
　　　　Trading Fee 交易費: 　　　　HKD$ 1.43
Settlement Amount 成交金額: 　　　 HKD$ 28681.57

Average Settlement Amount 平均成交單價: HKD$ 5.736314

1919 total Book Value of 持貨總帳面值:
2500 shares : HKD$ 15021.34
5000 shares: HKD$ 28681.57
-------------------------------
7500 shares: HKD$ 43702.91
Average BV: HKD$ 5.8271/Share

Purchase of securities 買入證券

Name of Securities 證券名稱: 1919 China Cosco 中國遠洋控股股份有限公司
Quantity 數量: 2500
Unit Price 單價: HKD$ 5.95
Consideration 價值: 　　　　　　　　HKD$ 14875.00
Plus 加 Brokage 經紀佣金: 　　 　　HKD$ 100
　　　　XACT Levy 交易徵費: 　　　HKD$ 0.60
　　　　XACT COMM 交收服務費:　HKD$ 30.00
　　　　AD Val Stamp 從價印花稅: 　HKD$ 15.00
　　　　Trading Fee 交易費: 　　　　HKD$ 0.74
Settlement Amount 成交金額: 　　　 HKD$ 15021.34

Average Settlement Amount 平均成交單價: HKD$ 6.008536

Change of shares and book keeping 入帳及股權變更

22 Jan 2007
Contribution供入:
Income from sale of 1055 from Js account total HKD$7,891.28 in which HKD$3,000 used to pay back Ming i.e. 由Js帳戶賣出1055的股票收益入帳，其中$3,000用作償還Ming，故此,
Js: HKD$ 4,891.28 and
Ming: HKD$3,000

On 31 Dec 2007
Total Net Asset Value 資本總值: HKD$ 106,718.38
Distribution 分佈: Tung HKD $98,912.88 ( 92.69%)
　　　　　　　　Js HKD$4,838.11 (4.53%)
　　　　　　　　Ming HKD$2,967.39 (2.78%)

Fixed Deposit 定期存款

Deposit Amount (P): HKD 70,000.00
存入總數(本金): HKD 70,000.00
Deposit Type: FIXED DEPOSIT
存款類型:定期存款
Deposit Period: 1 Week Fixed
存款期:1星期
Deposit Placed on: 17 Jan 2007
存款日:17 -1 -2007
Maturity Date: 24 Jan 2007
成熟日:24-1-2007
interest Amount (I): HKD 33.56
利息: HKD 33.56
Balance (P + I): HKD 70,033.56
總結算:HKD 70,033.56
Interest Rate: 2.5% p.a.
息率:2.5%每年

與持有人相關從業原則 Owner related Business Principle

與持有人相關從業原則 Owner related Business Principle

1. 基金的持有權均來自基金投資者，而基金經理只擁有基金的管理權非持有權。如果基金經理直接以資金投資於基金，基金經理可成為基金持有人。 Ownership of the fund is entirely belongs to the shareholder of the fund, while fund manager is assigned to manage the fund only. He/she may be the owner of the fund if he/she contributed cash to the fund.

2. 本基金的投資目標為長線的資產增長。Our investment goal is to achieve successive investment growth of the portfolio.

3. 為加強基金經理的投資彈性，所有投資決策權均為基金經理持有，股東沒有干預投資決策的能力。In order to enhance fund manager's investment flexibility, all decision concerning investment is belonged to fund manager and shareholders has no right to interrupt the decision.

4. 基金持有人可無限制的注資入基金，而持有人比例則以注資金額加以當時所持資金總值除以當時基金的資產總值加以注資金額。當時資金總值為當月最後交易日收市價為準則，如在月頭注資也視為月尾結算。 Shareholders of the fund enjoy unlimited capital injection opportunities. Ownership ratio is calculated as (Capital injection + Net Asset Value (NAV) owned)/(Capital injection + Total NAV of the fund)

5. 股東可隨時要求提取他們的資產，但需給予一個月時間的通知。而股東可獲取回的資產則已經扣除交易費，故可能與市價有所差別，但退回資產不另加任何手續費。 Shareholders are allowed to withdraw their money pirored with a month of notice. Shareholders withdrawal would be deducted by the transaction cost and so it would be a slightly different with the market price. There is no extra fee collected by withdrawal.

6. 由於基金經理是受聘於基金持有人，故投資的風險由持有人承擔。Since fund manager is employed by the shareholders, all liablities aroused by investment risk is beared by the owners.

7. 基金經理不會徵收管理年費，而基金經理會在每次入帳盈利中抽取20%入帳盈利為薪金。 Fund manager will not collect any annual management fee from the fund, however he is awarded by 20% of recorded profit per every profited transaction.

Js 基金成立 Js Fund Formation

成立日期: 12/1/07
NAV資產總值:$100,000
　　現金: $100,000
持有人: Tung: 100%
　　　 Jerry: 0%
基金管理者: Jerry WU