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2 Most Kwai Chung Limited 67,500,000 6,750,000 60,750, % %0.005% A C %0.0027%0.005%

3 (1) ewww.ewhiteform.com.hk (2) (3) (4) e (3) (5) (6) i

4 (1) ( (i) (ii) ii

5 (1) 8. e1,000, B e e e iii

6 i... iv iv

7 I-1... II-1... III-1... IV-1... V-1 v

8 (i) (a) 100 (b) (ii)(a) 100 (b) (iii)

9 ,

10 (i) (ii) (iii)

11 (i) 100 (ii) % 52.9%46.4% % %2.0%

12 % 56.3%21.6%6.3% (i) (ii) (iii) (iv) % (%) % (%) % (%) % (%) % (%) (1) 28, , , , , , , , , , , , (2) 12, , , , , , , , , , , , , , (3) , , , (4) , , , , , , , , , , , , , , , , (1)

13 (2) (3) (4) %8.3% 0.4% (B) %45.2%37.9%41.0% 26.7%12.1%19.6%14.7% (i)(ii) (iii)(iv) (v)(vi) 6

14 %26.2%25.2%25.0% 33.9%14.5%11.0%8.8% 20161, % %3.1% 80 7

15 Blackpaper BVI 67.5%Blackpaper BVI Blackpaper BVI ,986 54,825 95,228 76,125 55,316 15,163 36,332 58,270 50,040 27,978 9,322 26,729 43,477 39,238 8,410 7,818 22,400 36,263 32,728 5, % % 51.8% 78.2% % % % %

16 % % % % % 7, , , , , , , , , , , , , , , , , % ,336 1,403 1,883 18,119 34,469 39,077 49,117 2,254 6,649 10,065 37, ,865 27,820 29,012 11, ,773 15,048 42,669 31,887 7,698 (709) (921) (632) (556) (643) 357 (10,000) (35,000) (10,000) (2,260)

17 (%) (1) (%) (2) (%) (3) (%) (4) (5) (6) (7) (%) (8) (%) (1) % (2) % (3) % (4) % (5) (6) (7) % (8) % 10

18 (i) (ii) (i) (ii) (iii) ,400 (C)

19 % % % % %

20 1. 270,000, ,000, Tronix Investment Tronix Investment30% 30%30%10%

21 Blackpaper BVI Blackpaper Limited

22 A

23 Blackpaper BVI D e ewww.ewhiteform.com.hk e e 16

24 French Rotational French Rotational Production Limited General Productions General Productions Limited e 17

25 Ipsos Limited

26 Most BVI Most Kwai Chung (BVI) Limited Most Multimedia Most Multimedia Limited Most Publishing Most Publishing Limited Tronix Investment 19

27 Number Eighteen Number Eighteen Limited Number Eighteen BVI Number Eighteen LimitedMost Music Limited % %0.005%

28 60,750,000 90% Maples Fund Services (Cayman) Limited 21

29 6,750,000 10% ,500,000 25% D

30 Tronix Investment Tronix Investment Limited

31 % 24

32 AHK Like CASH 25

33 (i)100 (ii) 26

34 27

35 (i)(ii) (iii)(iv)

36 100 29

37 (A) 30

38 (i)(ii) (iii) (i) (ii)(iii) 31

39 100 32

40 %45.2%37.9%41.0% 33

41 99.3%41.4%10.3%8.3%

42

43 , % 46.9%21.7%7.6% 36

44 %0.5%0.4% (C)

45 B

46 39

47 B

48 41

49

50 43

51 44

52 45

53 571V 46

54 44B(1) Maples Fund Services (Cayman) Limited 47

55 ,

56

57 112D D 17 1/2 M/S 2B6 B5B

58

59 Ipsos Limited

60 PO Box 309, Ugland House Grand Cayman, KY Cayman Islands B B 112D D D 53

61 Maples Fund Services (Cayman) Limited PO Box 1093 Boundary Hall, Cricket Square Grand Cayman KY Cayman Islands B 1 54

62 430,000 Ipsos SA Ipsos SA ,600 (i) (ii)(iii) (i) (ii) GDP

63 (i)(ii) GDP % 6.7%5.9%5.9%2015 GDP GDP % % % % 56

64 % 85.2% 4G 30,000Wi-Fi % 0.9% 8,000 6,000 4,000 2, ,100 5,178 5,315 5, % 72.9% 74.2% 79.9% 6,191 6,258 6,529 6,745 6,963 7, % 85.2% 88.2% 90.5% 92.8% 7, % 97.6% % 110% 100% 90% 80% 70% 60% % 57

65 % 88.2%97.6% 20,000 15,000 10,000 5,000 16,403 17,194 17,372 16,736 17,053 17,173 17,224 17,241 17,259 17,343 14, % 230% 230% 232% 240% 232% 231% 230% 228% 230% 210% 280.0% 260.0% 240.0% 220.0% % BMI % % %

66 59 (i)(ii) (iii) % % % %

67 (1) (2) Classified Post , ,7002.0% , ,0004.1% , ,0000.6% ,

68 2016 1, % 4AHK 4AHK 4AHK A 1972 B 1978 C 1979 D 1965 E AHK % 61

69 (B) , (i) (ii) (iii)

70 (A)

71 % % % 0.9%1.5% % 3.0% 0.0% 2.9% 0.0% 2.9% 0.0% 0.0% 0.0% 2.8% 10.0% 6.8% 4.3% 2.0% 0.0% 2.0% 0.0% 2.0% 1.9% 1.9% % % % %2.0% ,600 1,400 1, , , , , , , , , , , , ,

72 ,000 15,000 10,000 5,000 16,596 16,619 17,181 17,637 17, (1) (2) , , % United Nations Comtrade % 20111, , % 20171, , % 65

73 %3.1% % F ,499.2 (1) G (2) H (3) I (4) J (5) (1) % (2) (3) (4) % (5) % 66

74 % % 67

75 B

76 7A 13E13F13G13H13I 77A13E13F13G13H13I 500, ,

77 7 8 (i) (ii) (iii)

78 486 2(i) (ii) (iii)

79

80 400, , (a)(b)(c) (d)(e) (a) (b) 73

81 17(1) 17(2)(1) 20(1) 5,000 15,000 20(2) 17 1, B 13(1) 13(3) 19 1, ,000 74

82 26 16(a) (b)(c) 75

83 (1)

84 (2) 2017Effie (3)

85 ,000 10, (i)1,000,000 (ii) %30%30%10% ,000500, , % % Tronix InvestmentTronix Investment Tronix Investment30%30%30% 10%Tronix Investment(i) Tronix Investment10% 7.5%(ii)Tronix InvestmentTronix Investment 78

86 Number EighteenFrench Rotational Number EighteenFrench RotationalTronix Investment Tronix Investment Tronix Investment Tronix Investment Tronix Investment Tronix Investment(i) (ii)hkex-gl HKEX-GL Tronix Investment ,00010,

87 French Rotational French Rotational French Rotational French Rotational Number Eighteen Number Eighteen Number Eighteen 80

88 Number Eighteen %30% % 30% (i) (ii) 81

89 Tronix Investment 30% 30% 30% 10% 100% 100% 100% 100% Number Eighteen French Rotational 33.33% 33.33% 33.33% 82

90 (I) ,00038,000, Mapcal Limited Blackpaper BVI Blackpaper BVITronix Investment (II) Most BVI Most BVI Most BVI1.0050, Most BVI Most BVI (III) General ProductionsMost MultimediaMost PublishingNumber Eighteen BVI General ProductionsMost MultimediaMost Publishing Number Eighteen BVI General ProductionsMost MultimediaMost PublishingNumber Eighteen BVI , General ProductionsMost MultimediaMost Publishing Number Eighteen BVIMost BVIGeneral ProductionsMost MultimediaMost PublishingNumber Eighteen BVI (IV) (a) Number EighteenNumber Eighteen BVI Number Eighteen BVI Number EighteenNumber Eighteen Number Eighteen BVI 83

91 Blackpaper BVI Tronix Investment (b) French RotationalGeneral Productions General Productions French RotationalFrench Rotational General Productions Blackpaper BVI Tronix Investment (c) General Productions General Productions General Productions Blackpaper BVI Tronix Investment (d) Most Multimedia Most Multimedia Most Multimedia Blackpaper BVI Tronix Investment (e) Most Publishing Most Publishing Most Publishing 84

92 (f) Most Multimedia Tronix InvestmentMost Multimedia Tronix Investment Most Multimedia Tronix Investment Blackpaper BVITronix Investment Number EighteenFrench Rotational 33.33% 33.33% 33.33% Blackpaper BVI Tronix Investment 90% 10% 100% Most BVI 100% 100% 100% 100% Number Eighteen BVI General Productions Most Multimedia Most Publishing 100% Number Eighteen 100% 100% 100% 100% 100% French Rotational 85

93 25%75% Tronix Investment 33.33% 33.33% 33.33% Blackpaper BVI Tronix Investment 67.5% 7.5% 25% 100% Most BVI 100% 100% 100% 100% Number Eighteen BVI General Productions Most Multimedia Most Publishing 100% 100% 100% 100% 100% 100% Number Eighteen French Rotational 8.24Tronix Investment 86

94 (i) (a) 100 (b) (ii)(a) 100 (b) (iii)

95 ,

96

97 (A) 90

98 (i) (ii)(a) (b) (iii)

99 (i)(ii) (iii)(iv) (v) (i) (ii) %

100 % %78.2%91.3% % % 93

101 ,

102

103 100 (i) (ii)(iii) (i) (i) (ii) (ii)

104 (i) (i) (a) (b) (c) (d) (e) (ii) (ii) %78.2% 91.3%

105 % (%) % (%) % (%) % (%) % (%) (1) 28, , , , , , , , , , , , (2) 12, , , , , , , , , , , , , , (3) , , , (4) , , , , , , , , , , , , , , , , (1) (2) (3) (4)

106 (B) 99

107 % % % % % 6, , , , , , , , , , , , , , , (i) (ii) (iii) 100

108 (A) ( ) 101

109 (i)(ii)(iii) (iv) (v) (vi) % (i) (ii) 102

110 A B C (B)

111 , , ,5009, %24.9%3.9%1.3%

112 ,

113

114 45.5%11.8%3.5%3.4% 20.2%35.3%58.6%48.5% 107

115 (i)(ii) (ii)(b) (C) ,

116 (i) (ii)(iii) (iv) (v)

117 %0.5%0.4% %76.7%82.1%92.6% 110

118 % 46.4% 76.7%82.1%92.6% (i) (ii) (iii) (a)100(b)

119 , (i) (ii) (iii)

120 %87.6% 87.5%95.1%(i)(ii) (iii)(iv)(v) (vi)(vii)(viii) (i) (ii) 113

121 % % 114

122 115

123 116

124

125

126 (i) (ii)(iii) (iv)

127

128 121

129

130 17 123

131

132 %53.5%45.1%

133 % 100 (i) (ii) (iii)(iv) (v) 50% 50%

134 % A , , ,

135 % 4 B 78, C 47, , , , A , D , B ,

136 % 4 C , , D 2 A 3 B 4 E 24, , , , , F 2, , ,

137 % 1 E , D 3 B , , A , G , , %45.2%37.9%41.0% 5% 130

138 (i) (ii)(iii)(iv) (v)(vi)(vii)(viii) 2. (i)(ii)(iii) (iv)(v)(vi)(vii)(viii) 131

139 090 (B) 132

140 % 26.2%25.2%25.0% 33.9%14.5%11.0%8.8% 15 5% 30 (i) (ii)(iii)

141

142 FR B

143

144 Effie , % 137

145 %3.1% 80 12, B % 5.01A 32L6(2) 34(2) 342(1)(b) 138

146 100 (i) (ii) 139

147 CASHCASH (i)cash CASH(ii) (iii) 140

148 (iv)20151 (v)

149 268268B 7(1) (1) , ,000 (i) (ii)

150 142 3(1) 100 3(3) 3(2) 2,

151 (i) (ii) (iii) (i) (ii) 144

152 Blackpaper BVI 67.5%Blackpaper BVI Blackpaper BVI (i) 100 (ii) (iii) 145

153 (i) (i) (ii) (ii)

154 (1) (2) (1) (2) CASH 147

155 (iii) , , ,000 (iv) The Pancakes Rewind Records 148

156 (A) (i) (i) (ii) (iii)

157 100 (ii)

158 100 (a) (b) (c) 151

159 (iii) (a) (b) 152

160 (iv) 153

161 (v) 154

162 (B) (i) (a) (b) 100 (c)

163 (d) (ii) (a) (b) (iii) 156

164 (iv) (a) (b) (c) %78.2%91.3%

165 (a) (b) , , ,001 1,380 (i) (ii) (iii) 158

166 (i) (ii) (c) (v) (a) (b) %0.5%0.4%

167 , ,

168 (a) (b) (c) (d) (C) (i) (a) (b) (c) 161

169 (ii) (a) (1) (2) (b)

170 5% 30 (i)(ii) (i) (ii) 163

171 (iii) 30 (i) 30% (ii) 164

172 Blackpaper BVIBlackpaper BVI Blackpaper BVIRewind Records 165

173 (i) (ii) (iii) (iv) (v) 2037 (vi)

174 (a) (b) (c) (i) (ii)(iii) (d) (e) (f) 167

175 20114 French RotationalNumber Eighteen (a) (b)

176 12%12%

177 % %3.0 A 170

178 ,001 1, ,001 1, %

179 50% ,124 1,221 1,326 (i) (ii)50%iii %8.6% %3.0 A 172

180

181 Bu

182

183 P (2) (a) (b) (c) (d) XV C.1.(e) (f) 13.51(2) 176

184 (Skyhigh Department) Birmingham City UniversityUniversity of Central England in Birmingham

185 OMNIMEDIA HK LIMITED

186 F

187 , , , ,638 2,484 3,942 2,628 (i) (ii) 180

188 27.8%25.8%26.7%25.3% (i)(ii) (iii)

189 D. 1. 3A.19 3A.23 (i) (ii) 182

190 (iii) (iv) 183

191 XV23 10% (1) Blackpaper BVI (2) 54 90% 182,250,000(L) 67.5% (3) 54 90% 182,250,000(L) 67.5% (3) 54 90% 182,250,000(L) 67.5% (3) 54 90% 182,250,000(L) 67.5% (4) 54 90% 182,250,000(L) 67.5% Tronix Investment (5) 6 10% 20,250,000(L) 7.5% Loka Investment Limited (5) 6 10% 20,250,000(L) 7.5% One Media Holdings Limited (6) 6 10% 20,250,000(L) 7.5% (7) 6 10% 20,250,000(L) 7.5% Comwell Investment Limited (8) 6 10% 20,250,000(L) 7.5% Media Chinese International Holdings Limited (9) 6 10% 20,250,000(L) 7.5% (1011) 6 10% 20,250,000(L) 7.5% 184

192 (1) LXV (2) Blackpaper BVI67.5% (3) Blackpaper BVI Blackpaper BVI Blackpaper BVI 67.5% (4) (5) Tronix InvestmentLoka Investment Limited100% Loka Investment LimitedTronix Investment (6) Loka Investment LimitedOne Media Holdings Limited100% One Media Holdings LimitedLoka Investment Limited (5) (7) One Media Holdings Limited100% One Media Holdings Limited(6) (8) Comwell Investment Limited73.01% Comwell Investment Limited(7) (9) Comwell Investment LimitedMedia Chinese International Holdings Limited100% Media Chinese International Holdings Limited Comwell Investment Limited(8) (10) Media Chinese International Holdings Limited100% Media Chinese International Holdings Limited (9) (11) 50.62% 185

193 C. XV 23 10% 186

194 380,000, ,800, ,500, , ,499,940 2,024, ,000,000 2,700,000.0 (i) (ii) 8.08(1)25% 187

195 (i)(ii) (iii)(iv)(v) (1) 20% (2) 188

196 (a) (b) (c) A % A. 7. (i) (ii) 189

197 (iii) A D

198 (i) (a) 100 (b) (ii)(a) 100 (b) (iii) %73.7%

199 % %61.9%

200 % %73.7% % %41.4%10.3% %8.3%

201 %24.3%22.2% %26.5% +/-5% +/-10% +/-15% /+205 -/+409 -/ /+962 -/+1,923 -/+2, /+866 -/+1,733 -/+2,599 +/-5% +/-10% +/-15% /+231 -/+462 -/ /+666 -/+1,331 -/+1, /+1,057 -/+2,115 -/+3, /+733 -/+1,466 -/+2,

202 (i)(ii) (iii)(i) (ii)(iii)

203 (i) (ii) (i) (ii) (B) 196

204 (i) (ii) (a) (b) 197

205 ,986 54,825 95,228 76,125 55,316 (8,823) (18,493) (36,958) (26,085) (27,338) 15,163 36,332 58,270 50,040 27, (36) (36) (4) (3,231) (4,444) (6,832) (4,903) (3,801) (2,666) (5,195) (7,949) (5,875) (15,774) 9,290 26,715 43,477 39,238 8, ,322 26,729 43,477 39,238 8,410 (1,504) (4,329) (7,214) (6,510) (3,243) 7,818 22,400 36,263 32,728 5,

206 (i)(ii)(iii) (i) (ii) (i) (ii) (i) (ii) (i) (a) (b) (c) (d) (e) (ii) 199

207 % % % % % (1) 28, , , , , , , , , , , , , , , , , , , , , (2) , , , , , , , , (1) (2) (i) (ii)

208 % (i) %78.2% %91.3% (ii) (a)(b)

209 99.3%41.4%10.3% % 8.3% (a) (b) (iii) %6.8%11.5%0.4% ,

210 ,000465,000201, %76.7%82.1%92.6% % % % % % 6, , , , , , , , , , , , , , ,

211 % 55.4%54.1% % % % % %87.6%87.5%95.1% (B) 204

212 % % % % % 3, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , (i)(ii)

213 (i)(ii) (iii)(iv)(v)(vi) % % % % % 21, , , , , , , , , , , , , , , ,

214 %66.3%61.2%50.6% (i)(ii) (iii)(iv) (v) %66.3%61.2% % ,000 22,00024,00011, ,0004,

215 % % % % % () , , , , , , , , , , %8.1%7.2%6.9% 208

216 % % % % % 1, , , , , , , , , , , , , , %25.8%26.7%25.3%

217 ,0001.9% 11.1%9.5%8.3%28.5% ,00014, , (i) 210

218 (ii) 16.5% %16.2% 16.6% % %40.9%38.1%9.3% %

219 %91.3% % % % ,00081,000201,

220 % % % % % % % % % 213

221 (i) (ii) % % % % ,00011,

222 (i) 22.1(ii) % % % % % 215

223 % %(i) %(ii) (iii) (iv) % %

224 % %54.1% %45.9% %87.5% % (i) 19.4 (ii)

225 % % % % % % %(i) % 100(ii) % % % ,00024, ,

226 % % , %

227 ,000 (a) (b) (c) (d) (e) % %16.6% 220

228 % % % % % % (i) (ii) % %

229 % % % % % 87.6% % (i) (ii) 1.2(iii) %

230 % %(i)(ii) 56.3% % % % % % % ,00022, %

231 % (i) 1.0(ii)0.6(iii) , , % , % %16.2% %

232 % % % % ,773 15,048 42,669 7,698 (709) (921) (632) (643) 357 (10,000) (35,000) (2,260) 3,421 4,127 7,037 4,795 7,565 10,986 15,113 22,150 10,986 15,113 22,150 26,

233

234

235 ,341 16,858 13,670 16,559 14, ,227 1,367 3,443 3, ,284 1,284 4,013 10,986 15,113 22,150 26,945 22,905 18,119 34,469 39,077 49,117 45, ,330 2,334 5,595 5,964 22,000 22, ,486 1, ,986 4,413 7,465 1,068 2,254 6,649 10,065 37,397 30,388 15,865 27,820 29,012 11,720 15,

236 (i) (ii) (iii) (i)(ii) (iii)

237 ,000987,000606,000886, , , ,000 (a)(b)

238 , , %

239 , ,373 3, , ,689 3, , , ,711 4,491 7,316 13,

240 % %

241 ,052 1,202 3, ,227 1,367 3, ,341 1,527 4, ,000289,000325, ,

242 ,000983,000742, ,

243 , ,029 2,009 2, ,330 2,334 5, ,000289, ,000356, % 50%

244 , , , % 237

245 ,043 1, , ,516 2,158 1, (i) (ii) (iii)(iv) 238

246 ,000176,000263,00075, (i) (ii) 239

247 ,0002,686, (a)(b) 10015% + 15% 15%

248 ,000780,000800, ,00010,

249 (%) (1) (%) (2) (%) (3) (%) (4) () (5) () (6) (%) (7) (%) (8) (1) % (2) % (3) % (4) % (5) (6) (7) % (8) % 242

250 % 77.1%119.6%(i)(ii) % % 62.6%89.6% % (i)2.6 (ii)

251 %0.3%0.3% 90, %

252 Tronix Investment Tronix Investment30% 30%30%10%

253 (i) (ii) (iii) ,400 (C) 246

254 %15.0 (i) (ii) 21.9%

255 (i) (ii) % % (i)(ii) (iii) (iv) (v) 10.0%

256 6.75 (i) (ii) (iii) 249

257 (iv) (v) 250

258 ,750,

259 (a) (i) (ii) (iii) (iv) (v) (vi) 252

260 (vii) (A) (B) (a) (b) (a) (a) 253

261 10.07(2)3 12 (i) 10.07(2)2 155 (ii) 2.07C (A) (a) (i) 254

262 (ii) (b) (a) (c) (a) (B) (i) (a) 255

263 (b) (c) (a)(b) (d) (a)(b)(c) (a)(b)(c)(d) (ii) (i)(a)(b)(c) (iii) (i)(a)(b)(c) (iv) 256

264 12 (i) 10.07(2)2 (ii) 60,750,

265 4.0% 4.0%

266 3A (1) 25% 259

267 (a) 6,750,000 (b) 60,750,000 25% 6,750,000 10% 2.5% 260

268 100% (a) (i) (ii) 156,750,000 13,500,000 20% (iii) ,500,000 20,205,000 30% (iv) ,250,

269 27,000,000 40% (v) 10027,000,000 33,750,00050% (b) (i) (ii) 6,750,000 13,500,000 20% (xx) (a)(ii)15(yy)(b)(ii) 1.0 HKEX-GL ,500,

270 60,750,000 90% 22.5% 263

271 %0.0027%0.005% 2,0002, ( com) 264

272 10% ( 265

273

274 267

275 1. e S e(i) (ii) 268

276 e (i)

277 (ii)

278 4. e (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 271

279 (ix) (x) (xi) (xii) (xiii) (xiv) 1,000,000 (xv) (xvi) (xvii e (xviii) (i) (ii) 272

280 E 5. e e e ee e www.ewhiteform.com.hke ee e 273

281 e E 6. (852)

282 (i) (ii) 275

283 40 276

284 2,0002,

285 (1) (1) (1) (1) (1) E 278

286 7. ee e (i)(ii)

287 e 9. e2,000 2,

288 www.mostkwaichung.com www.ewhiteform.com.hk/results (852)

289 12. (i) e E 282

290 (ii) e (iii) (iv) e 100% 283

291 (i) (ii)

292 (i) 1,000, B 1,000, (ii) 1,000,000 1,000,

293 (iii) e 1,000, B 1,000,

294 (iv)

295

296 I-1I I-4I I-4I I-1

297 I-2

298 I I-3

299 I. I-4

300 ,986 54,825 95,228 76,125 55,316 6 (8,823) (18,493) (36,958) (26,085) (27,338) 15,163 36,332 58,270 50,040 27, (36) (36) (4) 6 (3,231) (4,444) (6,832) (4,903) (3,801) 6 (2,666) (5,195) (7,949) (5,875) (15,774) 9,290 26,715 43,477 39,238 8, ,322 26,729 43,477 39,238 8, (1,504) (4,329) (7,214) (6,510) (3,243) 7,818 22,400 36,263 32,728 5, I-5

301 ,222 1,243 1, ,336 1,403 1, ,341 16,858 13,670 16, ,227 1,367 3, ,284 1, ,986 15,113 22,150 26,945 18,119 34,469 39,077 49,117 18,957 35,805 40,480 51,000 27(b) 18 1,000 1,000 1, ,668 28,068 29,331 12,498 16,668 29,068 30,331 13, ,330 2,334 5,595 22, ,486 1,801 24(a) ,986 4,413 7,465 2,254 6,649 10,065 37,397 2,289 6,737 10,149 37,505 18,957 35,805 40,480 51,000 I-6

302 (a) 14,444 14,444 27(b) 27(c) 14,444 14,444 I-7

303 ,000 8,250 9,250 7,818 7,818 7,818 7, (400) (400) (400) (400) ,000 15,668 16, ,000 15,668 16,668 22,400 22,400 22,400 22, (10,000) (10,000) (10,000) (10,000) ,000 28,068 29, ,000 28,068 29,068 36,263 36,263 36,263 36, (35,000) (35,000) (35,000) (35,000) ,000 29,331 30,331 I-8

304 ,000 29,331 30,331 5,167 5,167 5,167 5, (22,000) (22,000) 27(b) (3) (3) (3) (22,000) (22,003) ,498 13, ,000 28,068 29,068 32,728 32,728 32,728 32, (10,000) (10,000) (10,000) (10,000) ,000 50,796 51,796 I-9

305 (a) 5,780 16,997 49,460 32,886 7,865 (2,007) (1,949) (6,791) (999) (167) 3,773 15,048 42,669 31,887 7, (741) (935) (644) (568) (650) 22(b) (709) (921) (632) (556) (643) (400) (10,000) (35,000) (10,000) 22(c) 757 (2,260) 357 (10,000) (35,000) (10,000) (2,260) 3,421 4,127 7,037 21,331 4,795 7,565 10,986 15,113 15,113 22, ,986 15,113 22,150 36,444 26,945 I-10

306 II PO Box 309, Ugland House Grand Cayman, KY1-1104, Cayman Islands Blackpaper Limited (BVI) Blackpaper BVI Tronix Investment Limited Tronix Investment90%10%Tronix Investment 426 Blackpaper BVI Blackpaper BVI33.33% 1.2 French Rotational Production Limited French Rotational (i) Blackpaper BVI Blackpaper BVI1 (ii) Blackpaper BVI Blackpaper BVI Blackpaper BVI0.01Tronix Investment Blackpaper BVITronix Investment90%10% (iii) Most Kwai Chung (BVI) Limited Most BVI Most BVI Most BVI I-11

307 (iv) Number Eighteen Limited (BVI) Number Eighteen BVI General Productions Limited General Productions Most Multimedia Limited Most Multimedia Most Publishing Limited Most Publishing Number Eighteen BVIGeneral ProductionsMost Multimedia Most Publishing Number Eighteen BVIGeneral ProductionsMost MultimediaMost Publishing1.00 Most BVINumber Eighteen BVIGeneral ProductionsMost MultimediaMost Publishing (v) Number Eighteen (BVI)Number Eighteen Limited (Number Eighteen) Number Eighteen (BVI)Blackpaper BVITronix Investment Number Eighteen 100% Number Eighteen (vi) General ProductionsFrench Rotational General ProductionsBlackpaper BVITronix Investment100% General ProductionsBlackpaper BVITronix Investment French Rotational Production Limited French Rotational100%French Rotational (vii) Most Multimedia Most MultimediaBlackpaper BVITronix Investment100% Most MultimediaBlackpaper BVITronix InvestmentTronix Investment 100% (viii) Most Publishing Most Publishing2,442100% Most (BVI)(i) % 100% (ii) % 100% 100% 100% 100% I-12

308 (ii) % 100% 100% 100% 100% (iii) % 100% 100% 100% 100% (iii) % 100% 100% 100% 100% Number Eighteen % 100% 100% French Rotational(iv) % 100% 100% Number Eighteen BVI (i) % 100% General Productions(i) % 100% Most Multimedia(i) % 100% Most Publishing(i) % 100% (i) (ii) (iii) (iv) I-13

309 1.3 Tronix Investment90%10% I-14

310 (1)(2) (3)(4)(5) ,158, I-15

311 (a) I-16

312 39 (b) (c) % 20.00% 30.00% 33.33% I-17

313 I-18

314 I-19

315 2.14 (a) (b) (c) 2.15 (a) (b) I-20

316 (c) (d) (e) 2.16 (a) (b) (c) I-21

317 3 3.1 (a) (b) , , ,284 1,067 25, (c) I-22

318 I-23

319 (i) (ii)(iii) , ,986 23, ,986 9, ,322 (1,504) 7, I-24

320 ,402 22,701 4,309 55,412 (587) (587) 28,402 22,701 3,722 54,825 16,629 7,689 2,411 26,729 (4,329) 22, ,478 9,826 13,530 97,834 (2,606) (2,606) 74,478 9,826 10,924 95,228 36,173 (1,004) 8,308 43,477 (7,214) 36, I-25

321 ,550 4,565 1,051 56,166 (850) (850) 50,550 4, ,316 19,797 (2,306) ,592 (9,182) (3,243) 5, ,677 8,113 11,878 77,668 (1,543) (1,543) 57,677 8,113 10,335 76,125 31,849 (353) 7,742 39,238 (6,510) 32, I-26

322 10% A 609 6,258 18,636 16,185 4,257 B 2,509 6,618 6,039 5,431 2,480 C 6,401 3,134 1,634 1, D 4,502 3,332 1,692 1, E 3,730 1,478 8,122 F 1,387 4,792 5,611 5,194 5, ,685 22,659 17,349 17,922 1,421 1,658 1, ,100 2,788 1,681 1, ,620 13,312 21,147 14,338 14, , , ,720 28,132 51,739 36,863 46,913 I-27

323 ,086 9,614 15,253 9,967 11, , ,308 3,656 3,008 1,714 a ,620 13,312 21,147 14,338 14,661 (a) I-28

324 (b) ,818 1,487 1, ,586 2,411 1,877 1, ,000, ,000,001 1,500, ,500,001 2,000, % ,503 4,276 7,218 6,507 3,219 (10) 1,493 4,276 7,218 6,507 3, (4) ,504 4,329 7,214 6,510 3,243 I-29

325 ,322 26,729 43,477 39,238 8, % 1,538 4,410 7,174 6,474 1,388 (5) (2) , (20) (80) (10) 1,504 4,329 7,214 6,510 3, (a) ,818 22,400 36,263 32,728 5, (b) (b) I-30

326 (37) (9) (9) (55) (41) (15) (29) (88) (173) (78) (24) (38) (88) (228) (123) (31) (84) (199) (437) , ,887 (201) (55) (122) (287) (665) , , (198) (61) (117) (199) (575) (48) (48) , , ,460 (376) (116) (239) (486) (1,217) ,243 I-31

327 , (139) (38) (103) (112) (392) (5) (6) (11) , , ,738 (514) (154) (286) (598) (1,552) , , (131) (34) (71) (133) (369) (48) (48) , , ,383 (309) (89) (193) (419) (1,010) , ,341 16,858 13,670 16, ,986 15,113 22,150 26,945 17,476 32,260 36,145 43,939 I-32

328 , ,671 24(a) ,374 1,157 25, a 187 1,052 1,202 3, ,227 1,367 3, ,341 1,527 4, (a) ,800, ,421,0001,658,0001,134,0001,348,000 1,322,000 I-33

329 551, ,032 4,934 15,087 22,143 26, ,986 15,113 22,150 26,945 10,966 15,087 22,143 26, ,986 15,113 22,150 26, ,341 16,858 13,670 16, ,031 10,033 5,366 8, ,744 5,371 1,722 4, ,869 2, ,713 1,160 6,341 16,858 13,670 16,559 I-34

330 ,630 12,367 6,354 3, ,373 3, , ,689 3, , , ,341 16,858 13,670 16, ,711,000 4,491,000 7,316,00013,067, ,373 3, , ,689 3, , , ,711 4,491 7,316 13, I-35

331 , ,029 2,009 2, ,330 2,334 5, ,159, I-36

332 (4) ,000 2,001,00030,000330, (a) ,322 26,729 43,477 39,238 8,410 (32) (14) ,463 27,152 44,789 39,643 8,806 (4,430) (10,517) 3,038 (9,770) (2,889) (221) (1,005) (186) (801) (49) (312) (417) (170) (327) (280) (241) (262) (209) 530 1, ,258 3, (48) 2,226 1,145 (685) (90) 5,780 16,997 49,460 32,886 7,865 I-37

333 (b) (36) (36) (4) (c) ,000, Tronix Investment , , , ,516 2, I-38

334 Ming Pao Newspapers Limited (a) ,102 Ming Pao Newspapers Limited 5 4, Ming Pao Newspapers Limited I-39

335 (b) Ming Pao Newspapers Limited Ming Pao Newspapers Limited 21 (600) (780) (520) (800) (2,714) Ming Pao Newspapers Limited (12) (12) (31) (14) (3) (1) (1) (27) (10) (2) (1) (138) (152) (258) (141) (74) (196) (176) (263) (143) (75) (105) (100) (10) I-40

336 (c) ,104 3,255 4,899 3,205 3, ,294 1, ,218 4,320 6,539 4,479 4, ,000, (a) , , , ,484 I-41

337 , ,314 1, ,314 1, ,314 3, , , , , , (i)(ii) (iii) (b) (c) (d) I-42

338 (e) 1.224(b) 27 (a) ,444 (b) ,000 38,000, Blackpaper BVITronix ,000, (c) ,444 14, ,444 14,444 Tronix Investment I-43

339 III II I-44

340 A ,495 55,509 69, ,495 68,535 82, II-1

341 (1) ,495,000 (2) (3) ,000,000 (4) II-2

342 B II-1II II-1II II-3

343 1 4.29(7) II-4

344 (a) (b) (c) 4.29(1) II-5

345 ,800, ,000, (a) III-1

346 (b) (c) (d) (e) (f) III-2

347 (i) (ii) (iii) (iv) (A) III-3

348 (B) (v) (g) III-4

349 (h) (i) III-5

350 (ii) (iii) 12 (iv) (v) (vi) (vii) 3 (i) (j) III-6

351 (a) III-7

352 (b) (c) 2.6 III-8

353 2.7 III-9

354 III-10

355 (a) (b) 95%) 2.11 III-11

356 (a) (b) (c) (d) (e) (f) III-12

357 (a) (b) III-13

358 6 III-14

359 III-15

360 III-16

361 III-17

362 (a)3 12(b)(d)3 (c)12 (d) 12 3 III-18

363 (a) (b) (c) 37 (d) III-19

364 (e) (f) III-20

365 5 Foss v. Harbottle (a)(b) (c) (a) (b) (c) III-21

366 III-22

367 13 (a) (b) (a) (b) 14 75% %4 III-23

368 16 17 (a) (b) III-24

369 21 III-25

370 A B ,00038,000, Blackpaper BVI Blackpaper BVITronix Investment ,000,000380,000 3,800,000380,000, ,700, ,000,000110,000,000 A IV-1

371 (i) (a) (b) 342,000, ,0003,800, ,000, (c) (i) (ii) (i) (ii) (iii) D.1. (d) 2,024, IV-2

372 202,499,940 (e) (d) 20% (i) (ii) (iii) (f) 10% (i) IV-3

373 (ii) (iii) (g) (f) 10% (e) IV-4

374 7. (a) (i) % (ii) (b) (c) IV-5

375 (d) 270,000,000 27,000,000 (i) (ii) (iii) (e) IV-6

376 26 27,000,000 10% Blackpaper BVI 77.5% 25% 8.08 B. 1. (i) Number Eighteen LimitedNumber Eighteen BVI Number Eighteen LimitedNumber Eighteen HK Number Eighteen HK IV-7

377 Number Eighteen BVI(i) 0.01 Blackpaper BVI (ii) 0.01 Tronix Investment Limited (ii) General Productions Limited French Rotational Production LimitedFrench Rotational Production LimitedGeneral Productions Limited (i)0.01 Blackpaper BVI(ii) 0.01 Tronix Investment Limited (iii) General Productions Limited General Productions Limited(i) 0.01 Blackpaper BVI(ii) 0.01Tronix Investment Limited (iv) General Productions Limited (v) Most Multimedia Limited Most Multimedia Limited(i) 0.01 IV-8

378 Blackpaper BVI(ii) 0.01Tronix Investment Limited (vi) Most Publishing Limited ,442 Most Publishing Limited (vii) Most Multimedia LimitedTronix Investment Limited Tronix Investment Limited Most Multimedia Limited (i)0.01 Blackpaper BVI(ii) 0.01 Tronix Investment Limited (viii) Tronix Investment Limited (i) (ii) (ix) IV-9

379 (x) (i) (ii) (xi) Tronix Investment Limited Tronix Investment Limited (xii) D. 3. (xiii) (xiv) IV-10

380 2. (a) IV-11

381 French Rotational B.2. (b) (b) 9 DVD IV-12

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