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2 Asiaray Media Group Limited 110,000,000 11,000,000 99,000, % % 0.005% C % %0.005% S

3 eipo (2) (3) (4) eipo (3) (5) (1) (2) (3) (6) (1) (2) (7) i

4 (8) (1) (2) 11 30www.eipo.com.hkeIPO (3) (4) (5) (6) (7) (i) (ii) (8) (9) ii

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6 I-1... II-1... III-1... IV-1... V-1 iv

7 (i)25(ii) (iii)10 (iv)360 LED

8 25 (1) (2)... (51%) (51%) (5) (3)... (49%) (30%) (4) (6)... (40%)

9 (1) (2) (3) (4) 49%30% % %70.0% (5) (6) (1) (1) (1)

10 (1) (2) (3) (1) (2) (3) (1) (1)

11 % 84.0% 82.7% 87.3% 5

12 , ,095 1,211, , (618,461) (729,169) (846,764) (390,930)... 99, , , , (3,600) 97, , , (9,803) (25,448) (37,817) (22,760)... (13,403) (1) 71, ,803 91, (18,051) 59, ,261 61, ,648 12,177 37,542 30,128 (1) (i) 4 (ii) , , , , , , , ,129 (1)... (125,095) (114,987) 8, , ,758 40, , , , , , ,282 6

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14 (5) , , ,724 82, ,439 39,071 67,225 34, ,225 21,341 35,318 16, , , , , , , , , ,534 78, ,371 43,662 41,738 53, , ,095 1,211, ,093 (1) 11 (2) (3) (4) (i)(ii) (iii) , , , , ,260 24,320 13,163 (a)... 15, , , , , ,249 (a) 2 (5) 8

15 % Media Cornerstone100% Media Cornerstone55% Space Management20% 25% Space Management Media Cornerstone Shalom Family Holding 9

16

17 (i)(ii) (1) (2)... 2,574 3,089 (3)(4) (1) (2) 110,000, ,000,000 (3) 440,000,000 (4) Media Cornerstone Space Management

18 % % % % % % % % 12

19 Media Cornerstone Space Management

20

21 Asiaray Metro Asiaray Metro Media Limited Asiaray Outdoor Asiaray Outdoor Media Limited

22 20% 50% LED 16

23 % 10%

24 Media Cornerstone Space Management Shalom Family Holding 14 The Shalom Trust UBS Trustees (BVI) Limited

25 % 70% GDP Genesis Printing Genesis Printing and Production Limited Genesis Signmaker Genesis Signmaker and Construction Limited eipo % 40% 20%

26 % 49% ,000,000 20

27 1% %0.005% S 99,000,000 21

28 LED Media Cornerstone Media Cornerstone Limited Shalom Family Holding 22

29 1% % 0.005% ,500,000 15% 16,500,

30 % 49% S S Shalom Family Holding Shalom Family Holding Limited

31 % 51% % 55% 25

32 Space Management Space Management Limited Space Management UBS Trustees (BVI) Limited 26

33 1933 eipo eipowww.eipo.com.hk eipo % 10% % 20% % 25% 24% % 27

34 28

35 (i)(ii) (iii) (iv) (i)25 (ii) (iii) 10(iv) % 29

36

37

38 % 0.9% 3.5% 4.9% % 0.6% 4.5% 12.1% 32

39 , % 2.6% 2.5% 2.6% % 6.6% 4.9% 5.1% % 0.1% 0.2% 0.1%

40 % 1.8% 1.9% 2.3%

41

42 36

43 LED 37

44

45 39

46 40

47 41

48 70% 42

49

50

51 (i) 45

52 (ii) (iii) (iv)50% 25% 10% % 46

53 47

54 % 0.5% % % 48

55 49

56 50

57 14A 51

58

59 53

60

61 B A D... 6 SBS JP... 5 SBS JP B 55

62

63

64 Maples Corporate Services Limited PO Box 309, Ugland House Grand Cayman, KY Cayman Islands HKICPA A B A SBS JP SBS JP SBS JP SBS JP SBS JP 58

65

66

67 %

68 %

69 GB/T /ISO9001: ,000 10, Asiaray Limited ,000,000499, , , % % 63

70 1993 Genesis Printing Genesis Printing ,000 10, Genesis Printing Genesis Printing Genesis Printing 2007 Asiaray Metro Asiaray Metro ,000 10, Asiaray Metro 1.00Asiaray Metro Asiaray Metro Asiaray Metro %50%) 64

71 % 400, ,000 40% 10% 90% 10% ,000 90% 100,000 10% % 10%10% % % 10% 10% 10% % 65

72 % 49% 25% 24% % 25% 24%

73 Media Cornerstone ,500,000 50,000500,000100,000,000 1,000,000, % % % ,9009,900 67

74 Asiaray Outdoor Genesis Printing Genesis Signmaker Asiaray Metro ,500,000 2,500,000 Space Management25,000, ,000 Asiaray Outdoor Asiaray Outdoor 10,000 Space Management100,000Asiaray Outdoor Asiaray Outdoor ,000 Genesis Printing Genesis Printing 10,000 Space Management100,000Genesis Printing Genesis Printing ,000 Genesis Signmaker Genesis Signmaker 10,000 Space Management100,000Genesis Signmaker Genesis Signmaker Asiaray MetroAsiaray Metro 1 Space Management10Asiaray Metro Asiaray Metro 68

75 Asiaray Outdoor Genesis Printing Genesis Signmaker Asiaray Metro Space Management Media Cornerstone 88,000,000241,500,000 Asiaray Outdoor Genesis Printing Genesis Signmaker Asiaray Metro Shalom Family HoldingMedia Cornerstone Shalom Family HoldingUBS Nominees Limited Shalom Family Holding Media Cornerstone 69

76 100% 99.99% (1) % (2) 100% 100% 100% Asiaray Outdoor Genesis Signmaker Genesis Printing 99% (3) 90% (4) 100% 100% (5) 100% Asiaray Metro 49% 51% 100% 100% 100% (9) 40% (11) 90% 80% 100% 20% 10% 49% (6) 100% 45% 55% 51% (10) 100% 100% 100% 90% (12) 100% 100% 100% 51% (7) 49% (8) 70

77 (1) 0.01% (2) % (3) 1% (4) 10% (5) (6) 51% (7) 49%25%24% (8) 51% % % 70% (9) (10) 49% (11) 60%40%20% (12) 10% 71

78 (1) Shalom Family Holding 100% 100% Space Management Media Cornerstone 26.67% 73.33% 100% 100% 100% 100% 100% 100% Asiaray Metro Asiaray Outdoor Genesis Signmaker Genesis Printing 100% 100% 100% 100% (2) 51% 49% 100% 100% 100% 49% (3) 45% 100% 55% 100% 90% 10% 100% 51% (7) (6) 40% (8) 80% 20% 100% 100% 90% (9) 100% 100% 100% 51% (4) 30% (5) 72

79 (1) UBS Trustees (BVI) Limited (2) (3) 51% (4) 49%25%24% (5) 70% 49% % (6) (7) 49% (8) 60%40%20% (9) 10% 73

80 (1) Shalom Family Holding 100% 100% Space Management Media Cornerstone 20% 55% 25% 100% (2) 100% 100% 100% 100% 100% Genesis Asiaray Metro (3) (4) Asiaray Outdoor (5) Genesis Printing Signmaker (7) (6) 100% 100% 100% (8) (9) (10) 100% (11) 51% (12) 49% 100% 100% 100% 49% (16) 45% 100% (13) (14) (15) (16) 55% (17) (18) 100% 90% 10% 100% 51% (25) (26) (27) (28) 40% 80% 20% (30) (31) 100% 100% 100% 100% 51% 30% (19) (20) (21) (22) (23) (24) 90% 100% (29) (32) 74

81 (1) UBS Trustees (BVI) Limited (2) (3) Asiaray Metro (4) (5) Asiaray Outdoor (6) Genesis Signmaker (7) Genesis Printing (8) (9) (10) (11) (12) (13) (14) (15) (16) 51% (17) (18) (19) (20) (21) 75

82 (22) (23) 49%25% 24% (24) 70%49% % (25) (26) (27) (28) 49% (29) 10% (30) 60%40% 20% (31) (32) 76

83

84 2090 LED LED , % 11.0%

85

86 % % % LED 80

87 % 28.3% 12.9% % 11.0%

88 % % % 82

89 ,797 83

90 % % % %

91 % % % %

92 86

93 % % 20.1%

94 2013 (1) % 2 A 5 2 B % 3 B 4 3 A % (1) 50% 88

95 2013 (1) (2) 10 1 C (3) 44 1 C (3) % 2 A 31 2 A % D (3) % 4 E % 5 F (3) 15 5 B % 5 G 15 (1) (2) 50% (3) C D F 2013 (1) 10 1 B 37 1 B % 2 J 12 2 J % % (1) 50% 89

96 2013 (1) (2) 10 1 B 37 1 B % 2 H 32 2 J % 3 I 27 3 H % 4 J % K (3) % 5 K (3) 6 (1) (2) 50% (3) K

97 91

98 (i)25(ii) (iii)10 (iv) % 92

99 % % 20131, % BMWErmenegildo Zegna H&M OK 15 93

100

101 %

102

103

104 98

105

106

107 101

108

109 (1) (2) (1) (2) 103

110 25 (1) (2)... (51%) (51%) (5) (3)... (49%) (30%) (4) (6)... (40%)

111 (1) (2) (3) (4) 49%30% % %70.0% (5) (6) (1) (1) (1)

112 (1) (2)... (3) (1) (2) (3) (1) (1)

113 40 LED LED ,240 1,548 1,716 1, ,696 7,690 7,707 7, ,257 9,558 9,769 9,558 (i)(ii)

114 % 80.0% (i)(ii)(iii) (iv)

115 (i) (ii) (iii)

116 LED 110

117 2621 (1) (2)... 51% (25%); (24%) 51% (49%) 30% (70%)... 40% (40%); (20%)... 49% (51%) (1)

118 (2) % % 30.0%70.0%

119 (i) (ii) % 59.4% 61.0% 55.3% 113

120 (i) (ii) (iii) 114

121 % 21.3% 22.7% 23.1%

122 % (i)(ii) (a) (b) Nike Ermenegildo Zegna H&M LED 116

123 % 14.7% 12.8% 12.9% 117

124 118

125 Ermenegildo Zegna H&MLED LED 119

126 (1) (1) (1) 11 (1) 11 (1)... (1) 11 LED 120

127 400,000 2,500, ,000 2,500,

128 35 LED 3D 122

129 123

130 % 55.6% 56.8% 61.3% % 20.6% 19.4% 17.5% 124

131 % BMW Ermenegildo Zegna H&MOKNike Refresh % 2.4% 3.5% 2.8% 125

132 , % 7.6% 9.0% 10.4% % 2.0% 2.8% 3.3% %

133 16 127

134 % 6.2% 6.2% 5.5%

135 The Spark Awards for Media Excellence, GB/T /ISO9001: Marketing

136 TOM 130

137

138 ,000 15% 5 6(2) 342(1)(b) 34(2) 132

139 1. (1) (2) , , , ,

140 (i) (ii) (i) (ii) (iii) % 1.8% 1.9% 2.3% 134

141 2. (1) (2) (3) (4) (5) (6) 仕維 ,325,000 4,995,000 4,665,000 4,665,

142 % 6.6% 4.9% 5.1% (i) (ii)

143 (1) (2) (3) (4) (5) (6) (7) , ,

144 (i) (ii) (iii) (i) (ii) % 0.6% 4.5% 12.1% % 8.9% 10.3% 14.8%

145 (i) (ii) (iii) (iv) (v)

146 ... (i) (ii)

147 AATB

148 Asiaray Outdoor 5. Asiaray Metro 6. Genesis Printing 7. Genesis Signmaker ,

149 (i) 122 (ii) (iii) (iv) 143

150 Asiaray Outdoor 5. Asiaray Metro 6. Genesis Printing 7. Genesis Signmaker ,000 50,

151 (i)(ii) (iii) (iv) 145

152

153 123N (i) (ii) (iii) 147

154 E (i) (ii) (iii) B (i) (ii) 148

155 (i) (ii) (iii) Q 149

156

157 392 (a) (b) (c) (d) (e) (f) (g) (i) (ii) I 151

158 (i) (ii) (iii) 152

159

160

161 (i) (ii)(iii) (iv) (v) 155

162 (i) (ii) (i) (ii) 30,000 50,000 (i) (ii) 1,000 5,

163 (i) (ii) 10,000 30,

164 (i) (ii) 30,000(iii) 158

165 (i) 100 (ii) 1 (iii) 10 (i) (ii) 159

166 (i) (ii)(iii) (iv) (v)(vi)(vii)(viii) (ix) 160

167 (i) (ii) (i) 300,000,000 (ii) 50,000, ,000, % 161

168

169 %

170 [2008] [2010] [2012]

171 < >[2013] % 50% (i) (ii) 165

172

173 (i) % 2008 (ii) % 2013 (iii)

174 % % 25%

175 % 20% % % 5% 1%

176 % % % 170

177 (i)25 (ii) (iii)10 (iv) % % 20131, %

178

179 (i) (ii) (i) (ii) (iii) 173

180 4 174

181 20% 50% 175

182

183 , % 565, % 738, % 360, % 338, % , % 203, % 275, % 116, % 141, % , % 140, % 155, % 65, % 78, %... 26, % 43, % 41, % 18, % 53, % , % 953, % 1,211, % 559, % 612, % 177

184 (1)... 63, , , , , , , ,606 65,125 74, ,069 86, ,618 50,315 57, ,933 78,845 90,846 42,787 46, ,356 21,522 29,080 14,853 16, ,897 4,035 3,819 2,117 2,231 (2)... 81,459 86,433 71,738 38, ,293 33,661 30,220 16,177 4,742 (3)... 8,477 7,869 2,293 1, ,524 3,277 5,400 2,570 2,196 (4) , , , , ,347 (5) , , ,724 74,188 82, ,439 39,071 67,225 27,990 34, ,225 21,341 35,318 14,206 16, , , , , , , , ,450 88, ,935 40,995 52, ,702 46,945 48,067 22,243 23, ,027 2,117 3,464 1,473 1, ,378 2,344 1, , , ,534 65,313 78, ,371 43,662 41,738 18,109 53, , ,095 1,211, , ,093 (1) 11 (2)

185 (3) (4) (i)(ii)(iii) , , , , , ,260 24,320 10,014 13,163 (a)... 15, , , , , , ,249 (a) 2 (5) ,594 92, ,558 57,013 95, , , , , , , , , ,767 11, , , , , , ,639 35,318 14, ,849 60, , , , ,439 9, , , , , , ,096 54,086 86,059 24,946 41, ,077 78,378 60,911 36,716 33, ,384 7,929 8,564 3,651 3, , , ,534 65,313 78, ,371 43,662 41,738 18,109 53, , ,095 1,211, , ,

186 (1) , ,702 1,115, , ,036 (2)... 46,310 57,393 95,929 36,732 44, , ,095 1,211, , ,093 (1) (2) , , , , , , , , , , , ,095 1,211, , ,

187 , , , , , ,284 37,680 53,980 17,050 20, ,541 36,149 41,544 16,580 10, ,730 21,079 27,751 11,544 11,977 (1)... 2,106 1, ,472 10,067 12,831 3,980 3, ,312 10,789 10,779 6,651 2, , , , , ,930 (1) %

188 , , , , , , , ,059 95,436 99, , , ,048 53,460 54, ,876 35,576 36,702 15,729 50, , , , , , (1) , , , , ,591 (2)... 81,522 94, ,158 48,534 56, , , , , ,115 (1) (2) 182

189 , , , , , ,991 83, ,983 54,090 5, ,064 70,668 67,789 38,949 37, ,339 77,848 84,531 42,369 45, ,280 33,964 30,760 13,919 45, , , , , , , , , , , ,991 83, ,983 54,090 5, , , ,401 86,871 93, ,860 79,677 85,430 42,981 46, ,280 33,964 30,760 13,919 45, , , , , ,

190 (i) (ii) (iii) 6% 37% (i) (ii) 1% 15% (i) (ii) (iii) 2% 9% % % % 82% % 83% , % 152, % 248, % 125, % 152, %... (6,413) 22, % 68, % 20, % 41, %... 35, % 40, % 42, % 11, % 23, %... 2, % 8, % 5, % 2, % 3, %... 99, % 223, % 364, % 160, % 221, % 184

191 ()... (29,956) (126)... 97, % 102, % 124, % 66, % 152, %... 50, % 124, % 59, %... 67, % 152, % 248, % 125, % 152, % ()... (36,830) (19,132) 1, % (2,271) 2, %... 30, % 41, % 67, % 23, % 39, % (6,413) 22, % 68, % 20, % 41, % 185

192 , % 69, % 77, % 26, % 34, %... 45, % 154, % 287, % 134, % 186, %... 99, % 223, % 364, % 160, % 221, %

193 (i) (ii) (iii) (1)... 35,027 43,518 57,699 24,271 27,849 (2)... 4,358 6,657 7,398 3,001 3, ,011 4, ,294 (3)... 1,121 1,408 1, (4) (5)... 1,810 2, ,012 1,065 1, ,163 59,480 74,986 30,217 33,919 (1) (2) (3) (4) (5) 187

194 (i) (ii) (iii) (1)... 26,363 34,546 44,693 18,297 22,818 (2)... 10,356 10,074 13,873 5,931 5,683 (3)... 7,809 9,176 11,604 5,254 5,673 (4)... 5,213 7,480 9,513 3,291 3, ,115 1,267 1, ,388 2,260 2,633 1,555 1, ,471 2,771 2,950 1,430 1, ,406 2,313 1,237 1, ,880 18, ,016 2,634 1,750 1,677 4, ,054 1, , ,631 76,341 95,294 40,576 66,823 (1) (2) (3) (4) 188

195 ,742 5,817 4, , , , ,696 7,126 8,025 1,345 2,

196 (733) (1,334) (5,792) (801) (2,771)... 3,900 3,778 8,114 3,861 4, ,167 2,444 2,322 3,060 1, (1)... 3,137 5,253 6,345 2,861 (398)... (3,768) (1,171) (2) (1,163)... (2,052) (7,551) 3,137 1,485 3,122 1,698 (7,949) 190

197 (1) 49%30% % %70.0% (2) ,991 17,225 30,760 21,789 18, ,263 4,559 10,381 3,773 3,484 14,254 21,784 41,141 25,562 22, (4,451) 3,664 (3,324) (1,068) 433 9,803 25,448 37,817 24,494 22,

198 25% 15% 16.5% % % 18.5% (i) (ii) 15% % 19.9% (i) (ii)

199 , % 953, % 1,211, % 559, % 612, %... (618,461) (86.2%) (729,169) (76.5%) (846,764) (69.9%) (399,354) (71.3%) (390,930) (63.9%)... 99, % 223, % 364, % 160, % 221, %.. (44,163) (6.2%) (59,480) (6.2%) (74,986) (6.2%) (30,217) (5.4%) (33,919) (5.5%)... (63,631) (8.9%) (76,341) (8%) (95,294) (7.9%) (40,576) (7.2%) (66,823) (10.9%)... 5, % 7, % 8, % 1, % 2, %... (547) (0.1%) 2, % 1, % % %... (3,570) (0.5%) 98, % 203, % 91, % 123, % % 1, % 5, % % 2, %... (3,900) (0.5%) (3,778) (0.4%) (8,114) (0.7%) (3,861) (0.7%) (4,272) (0.7%)... (3,167) (0.4%) (2,444) (0.3%) (2,322) (0.2%) (3,060) (0.5%) (1,501) (0.2%).... 3, % 1, % 3, % 1, % (7,949) (1.3%)... (3,600) (0.5%) 97, % 204, % 90, % 114, %... (9,803) (1.4%) (25,448) (2.7%) (37,817) (3.1%) (24,494) (4.4%) (22,760) (3.7%)... (13,403) (1.9%) 71, % 166, % 65, % 91,551 15%... (18,051) (2.5%) 59, % 129, % 43, % 61,423 10%... 4, % 12, % 37, % 22, % 30, %... (13,403) (1.9%) 71, % 166, % 65, % 91,551 15% 193

200 % %

201 % % % % % % %

202 % % % (i) (ii) %

203 % , % 36.2% % ,300LED %

204 % % % % 58.7% % % %

205 % % % % %

206 % % 24.9% % % % % i) 200

207 ii) iii) % % %

208 % % % % (i) 4 (ii)

209 ,681 94, ,657 80,125 (11,105)... (46,184) (60,194) (159,613) (20,774) (3,562)... 25,696 (34,951) 51,714 53,129 17, ,193 (380) 31, ,480 3, , , , , , , ,691 3,317 (1,688).. 164, , , , , (i) (ii)112.0 (iii)13.7(iv) 10.7(i) 33.2 (ii) (i) (ii)56.3 (iii)31.0(iv) 0.8(i) 32.5(ii)

210 (i) 97.3 (ii)12.7 (iii) 24.3(iv) 1.2 (i) 11.6(ii) (i) 3.6 (ii)80.7 (iii) 15.6(iv) 2.8 (i)10.9(ii) (i)1.3(ii) (i) 108.4(ii) (iii) (i) 30.3 (ii) 28.0(iii)

211 (i) 27.0 (ii) 10.7(iii) (35.0) (i) (ii) 12.4(iii) (i) 52.5(ii) (i) 58.6(ii)

212 (125.1) (115.0) , , , , , ,657 11, , , , ,587 27,082 11,043 66,181 56, , , , , , , , , , , ,389 19, , , , , ,404 (1) , , , , , ,584 18,746 27,406 16,582 9, ,512 51, , , , , , , , , (125,095) (114,987) 8, , ,866 (1)

213 (i) 61.5 (ii)55.1(iii) 10.8(i) 28.5 (ii) (i) (ii) 200.5(iii) (i) (ii) (i) (ii)51.7 (i) (ii)

214 (i) (ii)58.5 (i) (ii) (i) (ii) , , , , (2,019) (3,792) (6,172) (7,196)... 70, , , , ,940 92, , , (2,117) (997) (1,030) (1,018)... 54,823 91, , , ,956 3, ,678 4,462 3,118 5, ,503 26,306 22,326 37, , , , ,

215 , , , , ,898 16,239 24,439 52, , , , , % (i) (ii) 209

216 ,071 53,750 59,809 46, , , , , , , , , ,084 16,108 5,301 5, ,781 11,200 18,528 13, , ,808 69,996 56,770 66, , , , , (7,293) (15,400) (9,819) (4,547) , , , , (i) (ii) (iii)

217 ,925 16,064 36,814 34, ,351 17,970 7,039 4, ,969 17,637 6,094 6, , ,401 1, ,737 1, ,071 53,750 59,809 46, %

218 ,293 57,642 64,008 55, , , , ,831 44,249 66,444 39, ,444 2,060 2,697 2, ,251 9,328 8,919 9, ,953 38,955 43,379 42, ,851 31,816 31, , , , , ,200 13,592 10,258 28, ,293 15,400 9,819 4, ,654 29,012 20,077 32,

219 % 19.0% ,953 38,955 43,379 42, (161) (20) (75)... 42,792 38,935 43,379 42,

220 , , , , ,459,205 1,149, ,249 1,274, ,405 45,228 1, ,631 2,081,081 1,677,946 1,304,816 2,479, , , ,

221 , , ,025 11,130 25,394 23, (1,233) (1,272) (6,260) (6,257)... 7,600 5,200 2,800 13,200 11, (2,400) (2,400) (2,400) (4,000) (3,200) 5,200 13,592 10,258 28,334 25, ,112 48, , , , ,000 11, ,400 3,633 3,672 10,260 9,457 58,512 51, , , , ,712 65, , , ,

222 ,512 51, , , ,400 3,633 1,672 8, ,800 4,100 3,816 15, ,858 4,770 3,694 63,712 65, , , % 6.99% 7.70% 4.66% % 7.44% 6.54% 4.77%

223 (b) 217

224 % 32.8% 27.1% 9.3% % 39.5% (1) % 23.5% 30.1% 36.1% % 17.6% 19.4% (2) % 13.8% 15.0% (3) % 134.8% 37.1% (4) % 22.5% 10.0% (5) (6) (7) % 163.0% 60.7% 56.1% (8)... (9) (10) (11) (1) (2) (3) 100% (4) 100% (5) (6) (7) (8) (9) (10) (11)

225 BB- 219

226 20.0% 220

227 ,839 26, , , ,873 39,159 11,130 36,994 63,712 65, , , (67) (147) (42) (139) (146) (17) (86) (382)

228 5% , , , ,000 5% , , , ,

229 Media Cornerstone Space Management

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233 3. 於 ,600,0002,000, Media Cornerstone Space Management Shalom Family Holding (a) (b) (a) 227

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235 (ii) (a) (b) (c) 229

236

237 (a) 14A (b) (c) 231

238 (1) (2) (3) 49% 51%

239 (i) (ii) (i) (ii)

240 31 (i)(ii) (iii) (i) (ii)

241 3.7% 8.7% 12.6% % % (i)(ii) 235

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243 17.9 (i)(ii) (iii) (i) (ii) 237

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253 (a) (b) (c) 247

254 SBS JP SBS JP

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261 C3 255

262 B A5 14A

263 3A.19 3A.23 (i) (ii) (iii) (iv)

264

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266 1,000,000, ,000, ,000,000 33,000, ,000,000 11,000, ,000,000 44,000,000 16,500, ,500,

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268 (a) (b) (c) 262

269 % % % % % % % 263

270 %

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272 (H5N1) (H7N9) (ii) (iii) (iv) (v) (vi) (vii) (viii) (A) 266

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274 (xviii) (xix) (1) (2) (3) (4) (b) (i) 268

275 (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) 269

276 (xii) (xiii) (xiv) (1) (5) 10.07(1) (a) 270

277 (b) (a) (a) (a) 10.07(2) 2155 (b) (a) 271

278 (b) (c) (a) (b) (d) (i) (ii) 272

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280 (d) (a)(i) (ii) (iii) (e) 12 (i) (ii) (f) (g) (i) (1) (2)

281 (ii) (iii) (iv) (v) (h) 8.24(A)25% (B) 30 16,500,000 15% 275

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286 (a) (b) (c) (d) (a) (b) 280

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292

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294 eipo (i)

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296 eipo (i) (ii) (iii) (iv) (v) (vi) (vii) 290

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298 (xix) (i) (ii) 5. eipo eipo eipo eipo eipo eipo eipo eipo eipo 292

299 eipo E eipo eipo eipo

300 (i) (ii) 294

301 40 295

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305 9. eipo

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307 12. (i) eipo E (ii) eipo (iii) 301

308 (iv) eipo 50%

309 14. (i) (ii)

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312

313

314 IIV II 1.2 II I-1

315 II 1.2 II 1.3 II II I-2

316 I II II 1.3 II II 1.3 II 2 I-3

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325 II PO Box 309, Ugland House Grand Cayman, KY1-1104, Cayman Islands % Genesis Printing And Production Limited Genesis Printing100% Genesis Signmaker & Construction Limited Genesis Signmaker100% Asiaray Outdoor Media Limited Asiaray Outdoor100% 99% 90% Asiaray Metro Media Limited Asiaray Metro100% 80% %1%10% 20%10% 10% % Asiaray Outdoor Asiaray Metro Genesis Printing Genesis Signmaker I-12

326 Asiaray Outdoor Asiaray Metro Genesis Printing Genesis Signmaker (1) Media Cornerstone Limited Media Cornerstone (2) (3) % (4) % (5) % (6) ,900 9, (7) ,500,000 2,500,000 Space Management Limited Space Management 25,000,000 (8) ,000 Asiaray Outdoor Asiaray Outdoor10,000Space Management 100,000 Asiaray Outdoor Asiaray Outdoor (9) ,000 Genesis Printing Genesis Printing10,000Space Management 100,000 Genesis Printing Genesis Printing (10) ,000 Genesis Signmaker Genesis Signmaker10,000Space Management 100,000 Genesis Signmaker Genesis Signmaker I-13

327 (11) Asiaray Metro Asiaray Metro1Space Management10 Asiaray MetroAsiaray Metro (12) Asiaray Outdoor Genesis Printing Genesis Signmaker Asiaray Metro Space Management Media Cornerstone 88,000,000241,500,000 Asiaray Outdoor Genesis Printing Genesis Signmaker Asiaray Metro UBS Trustees (BVI) Limited Shalom Family Holding Limited Media CornerstoneShalom Family Holding LimitedUBS Nominees Limited Shalom Family Holding Limited Media Cornerstone I-14

328 Asiaray Metro Asiaray Outdoor Genesis Signmarker Genesis Printing , % 1 100% 100% 100% 100% 2,500, % 100% 100% 100% 10, % 100% 100% 100% 10, % 100% 100% 100% 10, % 100% 100% 100% (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) 10, % 100% 100% 100% (i) (i) (i) 9, % 100% 100% 100% (i) (i) (i) % 100% 100% 100% 50,000, % 100% 100% 100% (i) (i) (i) (ii) (iii) (iii) I-15

329 20(b) ,365, % 100% 100% 100% 5,000, % 100% 100% 100% 1,000, % 100% 100% 100% 40,000, % 100% 100% 100% 1,030, % 100% 100% 100% (ii) (iii) (iii) (ii) (iii) (iii) (ii) (iii) (iii) (ii) (iii) (iii) (ii) (iii) (iii) ,000,000 51% 51% 51% 51% (ii) (iii) (iii) ,000, % 100% 100% 100% (ii) (iii) (iii) 2,000, % 100% 100% 100% (ii) (iii) (iii) 1,000, % 100% 100% 45% (ii) (iii) (iii) I-16

330 (iv) ,200, % 100% 100% 100% (ii) (iii) (iii) ,500, % 100% 100% 100% (ii) (iii) (iii) ,000, % 100% 100% 100% (ii) (iii) (iii) 10,000, % 100% (iii) 1,000, % 100% (iii) 5,000,000 51% 51% 51% 51% (ii) (iii) (iii) ,000, % 100% 100% (iii) (iii) ,000,000 90% ,000,000 I-17

331 (i) (ii) (iii) (iv) I-18

332 (1) (2) (1) (2) (3) (4) (5) I-19

333 2.2 (i) 39 (ii) I-20

334 (iii) (iv) % 50% 2.4 I-21

335 2.5 (a) (b) (c) (i) (ii) (iii) (d) 2.6 I-22

336 (a) (b) (a) I-23

337 (i) 12 (ii) 12 (iii) 12 (b) (a) I-24

338 (b) (a) I-25

339 (a) (b) I-26

340 (c) 2.21 (a) (b) 2.22 (a) (b) I-27

341 (c) (d) (e) I-28

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343 (67) (147) (42) (139) (146) (17) (86) (382) (iii) 5% , , , ,0005% , , , ,000 (b) I-30

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346 ,697 2, ,919 8,919 11,616 11, ,993 2, ,180 9,180 12,173 12, ,444 2,060 2, ,444 2,060 2,697 2, I-33

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350 , ,384 65,313 18, , (234,729) (95,436) (53,460) (15,729) (399,354) ,389 20,948 11,853 2, , (30,217).... (40,576).... 1, , (3,861).... (3,060).... 1,698 1, , (24,494) , , ,530 78,757 53, , (186,115) (99,937) (54,811) (50,067) (390,930) ,232 41,593 23,946 3, , (33,919).... (66,823).... 2, , , (4,272).... (1,501).... (7,949) (7,949) , (22,760) ,551 I-37

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355 (b) (c) ,452,000 5,173,000 4,883,000 4,935,000 3 I-42

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358 (b) ,251 9,328 8, ,255 9, (9,328).... (1,004) 1,077 (282) ,251 9,328 8,919 9, , , ,444 1, ,251 8, ,587 3, ,657 10, , , ,091 1,444 8, , , , ,060 2, ,328 9, ,082 27, ,025 11, , , ,113 2,060 9, ,501 I-45

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367 ,380 24,133 4,271 9,368 7, (235) (882) (467) (424).... (381) (380) (466) (444) (369).... 1,999 23,518 2,923 8,457 6, (1,533) (31,211) (4,608) (2,958) ,593 (1,208) (622) (631) ,900 (2,893) 4,877 6, ,886 10,851 13,810 13,810 11, (120)... 10,851 13,810 11,195 18,974 17, ,984 35,329 41,623 38, ,969 3,626 1,756 4,199 42,953 38,955 43,379 42, (161) (20) (75) 42,792 38,935 43,379 42,481 I-54

368 ,373 42,792 38,935 43, ,451 (3,664) 3,324 (433) (178) 47 (43) (185)... 1,802 (15) 1,258 (422)... 42,792 38,935 43,379 42, , , , , (2,635) (45) 4, , , , ,969 (37) , , ,969 (37) , (753) 210 (3,340) 58 (3,825)... (158) (158)... (13) 1 (3) (15)... 34,095 1,142 3, ,955 I-55

369 ,095 1,142 3, , , (1,761) (15) 3, (185) (185)... 1, , ,886 1,633 1, , ,886 1,633 1, , (3,065) 236 2,476 (6) (9) (368)... (33) (33)... (373) (16) (33) (422)... 36,448 1,853 4, , ,774,000 56,975,000 70,823,000 66,975,000 6,118,000 12,945,000 16,368,000 15,430, ,100,000 79,323,000 47,842,000 28,130,000 19,525,000 19,831,000 11,960,000 7,033, , ,450 4, ,799 8,010 27, ,799 8,010 27,040 14, ,010 27,040 14,491 1, ,817 17,145 16,851 18,091 29,774 56,975 70,823 66,975 I-56

370 (461) (3) (464) (16) (16)... (161) (161) (161) (161) (20) (20)... (20) (20) (20) (20) (65) (65)... (10) (10)... (65) (10) (75) (a) ,851 31,816 31,514 (a) ,025,000 11,130,000 10,394, I-57

371 (a b f)... 72, , , ,706 35(b) , , , ,706 (b)... (2,019) (3,792) (6,172) (7,196)... 70, , , ,510 (c d f)... 56,940 92, , ,107 35(b) ,189 32,192 61,862 63, ,751 60,259 45,524 50,451 (d)... (2,117) (997) (1,030) (1,018)... 54,823 91, , , ,956 3, ,678 4,462 3,118 5,803 (e)... 39,503 26,306 22,326 37,177 35(b)... 1,674 3,553 1, ,829 22,753 21,007 36, , , , ,981 (a) , , , , ,389 6,272 8,454 34, ,279 5,500 11,439 12, , , ,343 2,184 3,989 4,037 72, , , , ,955, ,006, ,756, ,881, , , , ,881 I-58

372 ,898,000 16,239,000 24,439,000 52,825, ,019,000 3,792,000 6,172,000 7,196, ,389 6,272 8,454 34, ,279 5,500 11,439 12, , , ,343 2,184 3,989 4,037 12,898 16,239 24,439 52,825 (b) ,060 2,019 3,792 6, ,013 2,311 1, (59) (242) (142)... 2,019 3,792 6,172 7,196 (c) ,189,000 32,192,000 61,862,000 63,656, ,798 11,261 34,033 56, ,391 20,931 27,829 7,174 24,189 32,192 61,862 63,656 I-59

373 ,938,000 18,967,000 15,748,0002,486, ,117, ,000 1,030,000 1,018, ,137 9,166 4,773 1, ,801 9,801 10,975 1,248 12,938 18,967 15,748 2,486 (d) ,136 2, , (122) (607) 2 (3).... (509) (4) 31 (9)... 2, ,030 1,018 (e) ,978 24,297 19,601 26, , ,525 2,009 2,089 3,633 39,503 26,306 22,326 37,177 (f) , , , , ,110 68, ,903 96, , , , ,981 I-60

374 % 3.30% 3.17% 3.19% , , , ,181 (b)... (3,587) (27,082) (11,043) (66,181) (a) , , , ,000 (a) , , , , ,929 23,027 23,867 23, ,141 7, , , , ,000 (b) ,587 27,082 11,043 66,181 I-61

375 , ,857,000 19% % % , , ,500,000 50, ,000100,000,000 1,000,000, ,500, , ,000 33,000, ,000,000 I-62

376 ,466 (3) 7,463 (a).. (965) (965).... (838) (838)... (497) (497) ,969 (841) (965) 5, , (965) 6, (235) (235).... (61) (61) (382) (382) ,857 (238) (965) 5, , (965) 6, (327) (327).... (61) (61) ,691 (330) (965) 6, ,857 (238) (965) 5,654 (b)... 7,264 7, (1,078) (1,078) ,779 (20) 6,299 12,058 I-63

377 (a) ,00022% (689) (b) % 7,264, (a)... 12,025 11,130 25, (1,233) (1,272) (6,260) (a)... 7,600 5,200 2,800 13, (2,400) (2,400) (2,400) (4,000) 5,200 13,592 10,258 28,334 (a)... 56,112 48, , ,866 (a)... 11, ,400 3,633 3,672 10,260 58,512 51, , , ,712 65, , ,460 I-64

378 (a) ,220 84, ,970 20,967 26,711 26, , ,873 27, ,025 11,130 10,394 AAML ,000 56,112 60, , ,260 I-65

379 ,600 5,200 2,800 12, ,600 7,600 5,200 2,800 24,200 (b) % 6.99% 7.70% 4.66% % 7.44% 6.54% 4.77% (c) ,512 51, , , ,400 3,633 1,672 8, ,800 4,100 3,816 15, ,858 4,770 3,694 63,712 65, , , ,712 54, , , ,792 9,858 7,894 63,712 65, , ,460 I-66

380 (d) ,073 32, ,767 5, ,439 19,731 1, , ,200 7,733 5,488 24, ,858 4,770 4,095 63,712 65, , ,460 (e) ,200 13,592 10,258 28, ,094 13,556 10,256 28, ,112 60, , , ,600 5,200 2,800 39,200 63,712 65, , ,460 I-67

381 (a)... 27,071 53,750 59,809 46,497 35(b) , ,009 53,750 58,906 28,909 (b) , , , ,085 35(b) ,303 47,028 62, , , , , , , , , , ,084 16,108 5,301 5, ,781 11,200 18,528 13, ,043 (c)... 29,808 69,996 56,770 66,201 35(b) ,929 51,918 34,697 36, ,879 18,078 22,073 29, , , , , (7,293) (15,400) (9,819) (4,547) 408, , , ,421 (a) ,925 16,064 36,814 34, ,351 17,970 7,039 4, ,969 17,637 6,094 6, , ,401 1, ,737 1, ,071 53,750 59,809 46,497 (b) (c) I-68

382 , , , , , ,284 37,680 53,980 17,050 20,383 (a)... 25,541 36,149 41,544 16,580 10, ,730 21,079 27,751 11,544 11, ,106 1, ,472 10,067 12,831 3,980 3, ,312 10,789 10,779 6,651 2, , , , , ,930 (a).... 5% (*)... 7%.... 3%... 2% (*) <> [2011]110 [2013] % ,027 43,518 57,699 24,271 27, ,358 6,657 7,398 3,001 3, ,011 4, , ,121 1,408 1, (a).... 1,810 2, ,012 1,065 1, ,163 59,480 74,986 30,217 33,919 I-69

383 ,363 34,546 44,693 18,297 22, ,356 10,074 13,873 5,931 5, ,809 9,176 11,604 5,254 5, ,213 7,480 9,513 3,291 3, ,115 1,267 1, ,388 2,260 2,633 1,555 1, ,471 2,771 2,950 1,430 1, ,406 2,313 1,237 1, ,880 18, ,016 2,634 1,750 1,677 4, ,054 1, , ,631 76,341 95,294 40,576 66, (a) ,209 66,097 86,311 35,712 42, ,658 2,922 3,745 1,314 1, ,523 9,045 12,336 5,542 6,902 61,390 78, ,392 42,568 50,667 I-70

384 ,027 43,518 57,699 24,271 27, ,363 34,546 44,693 18,297 22,818 61,390 78, ,392 42,568 50,667 20% 22% 5% (b) ,365 1, , , ,696 1, , , , , I-71

385 ,994 1, , , , , () () () () ,008 1, ,005 1, I-72

386 (c) ,858 3,003 2,906 1,065 1, ,894 3,031 2,936 1,080 1, ,000, ,000,001 1,500, ,500,001 2,000, (a)... 4,742 5,817 4, , , , ,696 7,126 8,025 1,345 2,442 (a) I-73

387 , (a) (b)... (836) 9(a) (150) (192) 304 (547) 2,978 1, (a) ,536 9, (9,328) (9,328) (b) 2011 I-74

388 (733) (1,334) (5,792) (801) (2,771)... 3,900 3,778 8,114 3,861 4, ,167 2,444 2,322 3,060 1, ,991 17,225 30,760 21,789 18, ,263 4,559 10,381 3,773 3,484 14,254 21,784 41,141 25,562 22, (4,451) 3,664 (3,324) (1,068) 433 9,803 25,448 37,817 24,494 22,760 (a) (b) % (c) 25% 15% I-75

389 (d) % 10% 5% (3,600) 97, ,620 90, , (3,137) (1,485) (3,122) (1,698) 7,949 (6,737) 95, ,498 88, ,260 25%... (1,684) 23,941 50,375 22,106 30, (2,825) (5,979) (11,915) (5,079) (3,751)... (236) (267) (735) (40) (321)... 1,387 1, , ,437 6,966 3,638 8, , (34) (152) (152) (56) (1,439)... (455) (9,306) (3,498) (5,767) ,959 2, ,803 25,448 37,817 24,494 22, ,601 12,374 I-76

390 ,558, ,043, ,374, (3,600) 97, ,620 90, , ,406 2,313 1,237 1, ,900 3,778 8,114 3,861 4, (733) (1,334) (5,792) (801) (2,771) (238) (273) (402) (89) (164) ,559 24,264 31,003 13,172 13, ,176 1, (56) (1,970) (171) (153) (18) (175) (281) (281) (12) (29) (50) (73) (90) (3,137) (1,485) (3,122) (1,698) 7,949 14, , , , , (25) (255) (373) ,473 (70,294) (65,744) (76,066) (80,697)... 70,937 81,125 (6,311) 48,821 23, (808) (23,495) 16,039 25,425 (55,138)... 95, , , ,176 26,617 I-77

391 , , % % 27,000,000 6,606, , (6,757)... (151)... 6, (375) 6, , (6,813) % Media Cornerstone I-78

392 (a) (i) ,312 6,925 3,415 (ii) (iii) ,065 10,262 8,769 6,096 2, ,124 1, , ,737 63, ,709 52,811 54, ,997 42,874 47,048 23,742 21,313 65, , ,236 83, ,872 I-79

393 (iv) ,810 2, (v) , ,398 1, (vi) ,815 4, , ,411 2,550 4,972 1,007 1,339 I-80

394 (vii) ,901 6,742 7,070 3,205 3, ,084 6,953 7,304 3,319 3,567 (viii) , (b) (i) (ii) , , ,588 I-81

395 (iii) ,674 3,422 1, ,674 3,553 1, (iv) , ,449 15,319 32,633 77, ,854 31,709 29,297 11,062 38,303 47,028 62, ,466 (v) , ,724 2,960 5, ,520 5,675 5, ,280 4,280 4, ,776 2,492 2, ,214 1,861 2, EGO Star Limited (BVI) I-82

396 Wiseford Investments Limited (BVI) Saneford Company Limited (BVI) , ,913 2,106 2, ,100 36,111 62,035 24,189 32,192 61,862 63,656 (vi) ,932 10,924 3, ,150 6,146 6, ,564 15,582 15, , ,805 18,430 9,367 36,659 24,929 51,918 34,697 36, I-83

397 , , , , ,459,205 1,149, ,249 1,274, ,405 45,228 1, ,631 2,081,081 1,677,946 1,304,816 2,479, Media Cornerstone Space Management III ,000 50,00030, IV I-84

398 I. A (1) (2) (3)(4) , , , , , , (1) ,244, ,000 II-1

399 (2) ,889, (3) 440,000, (4) Media Cornerstone Space Management II-2

400 B II-1 II II-1 II II-3

401 4.29(7) II-4

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

403 ,000,000 1,000,000, (a) III-1

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

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

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

407 (h) (i) (ii) III-5

408 (iii) (iv) (v) (vi) (vii) (i) (j) 2.3 III-6

409 (a) III-7

410 (b) (c) III-8

411 III-9

412 III-10

413 (a) (b) 95% (a) (b) (c) (d) (e) III-11

414 (f) 20% (g) (g) 2.11 (a) (b) (c) (d) (e) (f) III-12

415 III-13

416 (a) (b) III-14

417 III-15

418 % III-16

419 14 15% III-17

420 III-18

421 2.21 (a) 12 (b) (d) (c) 12 (d) III-19

422 3. (a) (b) (c) 37 (d) (e) (f) III-20

423 Foss v. Harbottle (a)(b) (c) 6. III-21

424 7. 8. (a) (b) (c) III-22

425 (a) (b) (a) (b) % III-23

426 15. 90% (a) (b) 18. III-24

427 (a) (b) (i) (ii) (3) III-25

428 , , Media Cornerstone 499, ,500,000 50, , ,000,0001,000,000,000 44,000, ,000,000 IV-1

429 (a) (b) (i) (ii) (c) (a) 20%(b)(d) IV-2

430 (d) 10% (a) (b) IV-3

431 % (c) , % (d) (a) IV-4

432 (b) (a) (b) % 5. IV-5

433 (c) % 5. (d) ,000,000 3,000,000 (e) , % 5. (f) % (g) (h) (i) 10,857, (j) IV-6

434 (k) Great World HK Media Pte. Ltd (l) (m) Media Cornerstone Space Management Shalom Family Holding (n) Media Cornerstone Space Management Shalom Family Holding (o) 8. (a) IV-7

435 IV-8

436 附錄四 法定及一般資料 商標 申請人 類別 註冊地點 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 本公司 35 中國 年6月5日 IV-9 申請編號 申請日期

[] Asiaray Media Group Limited [] [] [] [] [] [] [] [] [][] 1% % 0.005% 0.10 [] [] [] [] [] 342C [ ] [] [] [][][] [][][][] [][][] [][][][] 1% 0.

[] Asiaray Media Group Limited [] [] [] [] [] [] [] [] [][] 1% % 0.005% 0.10 [] [] [] [] [] 342C [ ] [] [] [][][] [][][][] [][][] [][][][] 1% 0. Asiaray Media Group Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) 1933 (j) (k) [] Asiaray Media Group Limited [] [] [] [] [] [] [] [] [][] 1% 0.0027% 0.005% 0.10 [] [] [] [] [] 342C [ ] [] [] [][][] [][][][]

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