Bilibala Finance Portfolio - Mar 10

Top 10 Holdings @ Mar 31, 10

1. China Life Insurance 8.4% M/M (reduce)
2. China Mobile Ltd (2.7%) M/M (add)
3. Google Inc 7.7% M/M (reduce)
4. Wells Fargo & Company 13.8% M/M (no change)
5. China Consturction Bank Corp 8.5% M/M (add)
6. Manulife Financial 3.9% M/M (add)
7. Berkshire Hathaway Inc 1.6% M/M (no change)
8. Imperial Oil Limited 0.8% M/M (no change)
9. General Electric Company 13.3% M/M (no change)
10. Intact Financial Inc 6.1% M/M (no change)

Bilibala Portfolio by Sector @ Mar 31, 10

1. Insurance 32.3%
2. Telecommunication 24.6%
3. Banking 13.3%
4. Information Techology 7.0%
5. Conglomerate 5.8%
6. Energy 3.2%
7. Property 2.3%
8. Health 2.2%
9. Food 1.7%
10. Others 7.5%

Bilibala Portfolio by Region @ Mar 31, 10

• Asia 7 (add 1)
• USA 16 (add 2)
• Canada 10
• Europe 6 (add 1)

Investing in 39 corporations in total.

Performance & Market Stat @ Mar 31, 10

• S&P500 up 5.9% M/M, up 4.9% YTD, 2005-10 average return (0.7%)
• Toronto up 3.5% M/M, up 2.5% YTD, 2005-10 average return 5.2%
• Hong Kong up 3.1% M/M, down 2.9% YTD, 2005-10 average return 7.9%
• Shanghai up 1.9% M/M, down 5.1% YTD, 2005-10 average return 18.7%
• Bilibala Finance up 5.5% M/M, up 2.4% YTD, 2005-10 average return 24.8%