+ Prepare a pro forma cash flow forecast with 0.50 per year dividend by completing the following table. Fuyao Glass Cash flows from operating activities Pro Forma Cash Flow Forecast 2015 2016 2017 2018 (millions of) Cash generated from operations Income tax paid Net cash generated from or (used in) operating activities Cash flow from investing activities Capital expenditures - United States Capital expenditures -Russia Capital expenditures -Others including China Working capital investment Net cash generated from or (used in) investing activities Net cash available before financing Cash flow from financing activities Borrowings or (Repayments) Dividends paid to the company's shareholders Other interest received Capital injections issuance of new shares Net cash generated from or (used in) financing activities Net (decrease) or increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period (4,335.50) (1.121.57) (949.42) (1.242.42) 227.00 5.00 61.00 13.00 Notes: 1. Cash generated from operations and revenue increase at a constant rate of 10 per cent per year from 2014 to 2018. 2. Income tax paid is 12 per cent of cash generated from operations from 2015 to 2018. 3. In Exhibit 5, "Others" means Others including China. 4. Planned capital expenditures for Others including China remains the same amount from 2016 to 2018. 5. Working capital investment increases at a rate of 163 per cent of the change in cash generated from operating activities until 2018.