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1 A. To our Shareholders 49 C. Combined Management Report 21 B. Corporate Governance

September ,  Equity interest
in %
Siemens Finance and Leasing Ltd., Beijing / China 100
Siemens Financial Services Ltd., Beijing / China 100
Siemens Gas Turbine Parts Ltd., Shanghai / China 51
Siemens Healthcare Diagnostics (Shanghai) Co., Ltd.,
Shanghai / China
100
Siemens Hearing Instruments (Suzhou) Co. Ltd.,
Suzhou / China
100
Siemens High Voltage Circuit Breaker Co., Ltd.,
Hangzhou / China
51
Siemens High Voltage Switchgear Co., Ltd. Shanghai,
Shanghai / China
51
Siemens High Voltage Switchgear Guangzhou Ltd.,
Guangzhou / China
94
Siemens Industrial Automation Ltd., Shanghai, Shanghai / China 90
Siemens Industrial Turbomachinery (Huludao) Co. Ltd.,
Huludao / China
84
Siemens Industry Software (Shanghai) Co., Ltd., Shanghai / China
100
Siemens International Trading Ltd., Shanghai, Shanghai / China 100
Siemens Ltd., China, Beijing / China 100
Siemens Manufacturing and Engineering Centre Ltd.,
Shanghai / China
51
Siemens Mechanical Drive Systems (Tianjin) Co., Ltd.,
Tianjin / China
100
Siemens Medical Solutions Diagnostics Ltd., Beijing / China 100
Siemens Medium Voltage Switching Technologies (Wuxi) Ltd.,
Wuxi / China
85
Siemens Numerical Control Ltd., Nanjing / China 80
Siemens PLM Software (Shenzhen) Limited, Shenzhen / China 100
Siemens Power Automation Ltd., Nanjing / China 100
Siemens Power Equipment Packages Co. Ltd., Shanghai,
Shanghai / China
65
Siemens Power Plant Automation Ltd., Nanjing / China 100
Siemens Process Analytics Co. Ltd., Shanghai, Shanghai / China 100
Siemens Real Estate Management (Beijing) Ltd., Co.,
Beijing / China
100
Siemens Sensors & Communication Ltd., Dalian / China 100
Siemens Shanghai Medical Equipment Ltd., Shanghai / China 100
Siemens Shenzhen Magnetic Resonance Ltd., Shenzhen / China 100
Siemens Signalling Co. Ltd., Xi'an, Xian / China 70
Siemens Special Electrical Machines Co. Ltd., Changzhi / China 77
Siemens Standard Motors Ltd., Jiangsu, Yizheng / China 100
Siemens Surge Arresters Ltd., Wuxi / China 100
Siemens Switchgear Co. Ltd., Shanghai / China 55
Siemens Technology Development (Beijing) Ltd. Corp.,
Beijing / China
90
September ,  Equity interest
in %
Siemens Transformer (Guangzhou) Co., Ltd.,
Guangzhou / China
63
Siemens Transformer (Jinan) Company Ltd., Jinan / China 90
Siemens Transformer (Wuhan) Company Ltd.,
Wuhan City / China
100
Siemens VAI Manufacturing (Taicang) Co., Ltd., Taicang / China 100
Siemens VAI Metals Technologies Co., Ltd., Shanghai,
Shanghai / China
100
Siemens Water Technologies and Engineering (Tianjin) Co.,
Ltd., Tianjin / China
68
Siemens Water Technologies Ltd., Beijing / China 100
Siemens Wind Power Blades (Shanghai) Co., Ltd.,
Shanghai / China
100
Siemens Wind Power Turbines (Shanghai) Co. Ltd.,
Shanghai / China
100
Siemens Wiring Accessories Shandong Ltd., Zibo / China 100
Siemens X-Ray Vacuum Technology Ltd., Wuxi / China 100
Sunny World (Shaoxing) Green Lighting Co., Ltd.,
Shaoxing / China
100
Trench High Voltage Products Ltd., Shenyang, Shenyang / China 65
Winergy Drive Systems (Tianjin) Co. Ltd., Tianjin / China 100
Yangtze Delta Manufacturing Co. Ltd., Hangzhou,
Hangzhou / China
51
Asia Care Holding Limited, Hong Kong / Hong Kong 100
OSRAM Asia Pacific Ltd., Hong Kong / Hong Kong 100
OSRAM Holding Company Ltd., Hong Kong / Hong Kong 100
OSRAM Hong Kong Ltd, Hong Kong / Hong Kong 100
OSRAM Lighting Control Systems Ltd., Hong Kong / Hong Kong 65
OSRAM Opto Semiconductors Asia Ltd., Hong Kong / Hong Kong 100
Siemens Healthcare Diagnostics Limited, Hong Kong / Hong Kong
100
Siemens Industry Software Limited, Hong Kong / Hong Kong 100
Siemens Ltd., Hong Kong / Hong Kong 100
Siemens Water Technologies International Sales Ltd.,
Hong Kong / Hong Kong
100
Traxon Technologies Ltd., Hong Kong / Hong Kong 100
eMeter India Pvt. Ltd., New Delhi / India 100
Morgan Construction Company India Private Limited,
Mumbai / India
100
OSRAM Automotive Lamps Private Limited, Bengaluru / India 100
OSRAM India Pvt. Ltd., Gurgaon / India 100
PETNET Radiopharmaceutical Solutions Pvt. Ltd.,
New Delhi / India
100
Powerplant Performance Improvement Ltd., New Delhi / India 50
Siemens Financial Services Private Limited, Mumbai / India 100
Siemens Hearing Instruments Pvt. Ltd., Bengaluru / India 100
1 Control due to a majority of voting rights.
2 Control due to contractual arrangements.
3 Control due to economic circumstances.
4 No control due to contractual arrangements or legal circumstances.
5 No significant influence due to contractual arrangements or legal circumstances.
6 Significant influence due to contractual arrangements or legal circumstances.
7 Not consolidated due to immateriality.
8 Not accounted for using the equity method due to immateriality.
9 Exemption pursuant to Section  b, HGB.
10 Exemption pursuant to Section  () HGB.