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1 ( 於開曼群島註冊成立之股份有限公司 ) 股份代號 :1980 年度報告 2015

2

3

4 Floor 4, Willow House Cricket Square P.O. Box 2804 Grand Cayman KY Cayman Islands 186 3A Offshore Incorporations (Cayman) Limited Floor 4, Willow House Cricket Square P.O. Box 2804 Grand Cayman KY Cayman Islands

5

6 % (1)(2) 677, , % 590, , % 86, , , % 77.7% 84.8% 151,792 (107,503) (3) 222, , % 32.9% 38.6% (4) EBITDA (5) 280, , % EBITDA 41.4% 46.1% 2,500,208 2,262, % 191, , % (1) 2015 (2) % (3) (4) B 2008 (5) EBITDA

7 % % %

8

9 % % % ,000770, % % 27.3%

10 D 3DARPG 2016 IPs

11 1. OK OK

12 * 16,536 16, % 17, % * % % * % % 26,192 28, % 26, % 36,261 40, % 37, % * % , % % % %

13 % 6.5% %3.6% ,488 14, % * % % *

14 % 2015 [2014] % % % % %

15 % % % % (i) (ii)

16 3. EBITDA EBITDA 280, , % EBITDA * 41.4% 46.1% 222, , % * EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA

17 3. EBITDA EBITDA , , % 65,942 51, % 1 40, % 1,624 2,668 21,542 17, % EBITDA 280, , % (1)

18 3. B ,750 (107,601) 65,942 51, % 283, % 40, % 4,609 2, , , %

19 , % 6% %

20 % % % % % % % % % % %

21

22 6. IPs %

23 , , , , , , , , , ,208 (75,286) (15,285) (56,431) (71,450) 184,458 (80,606) (27,233) (92,609) (107,601) 149,750 (80,606) (27,233) (92,602) (107,503) 151,792 (66,932) (25,931) (78,032) (121,597) 211,759 (66,932) (25,931) (78,025) (121,499) 213, , , , , , , , ,501 1,487,591 1,679, , , ,386 2,262,591 2,500,208 (135,355) 72,426 (88,556) 2,083,689 2,286,712 4,897 4,799 21,960 (135,355) 72,426 (83,659) 2,088,488 2,308, , , ,326 1,750 6, , , , , , , , , , , , , ,386 2,262,591 2,500,

24

25 B IDG Capital Partners Yun Qi Capital Partners IDG Capital Partners IDG Capital Partners IDG IDG IDG Sina Corporation Mecox Lane Limited Sina Corporation Sina CorporationSina Corporation com Inc University of California University of Southern California California Board of Accountancy

26 University of Toledo INSEADEMBA Accountancy Board of Ohio American Institute of Certified Public Accountants AICPAAICPA Chartered Global Management Accountant CGMACGMA (Baidu 91 Wireless) Beso Biological Research Inc University of California, Berkeley Duke University

27

28

29 ,267, ,640,

30 ICP ICP ICP ICP % 9158 ICP

31 < > ICP

32 (i) (ii)

33 (i) (ii) (iii) 180(iv)

34

35

36 % % % % 5% ,

37

38

39 Three-Body Holdings Ltd Star Wonder Holding Ltd Blueberry Worldwide Holdings Limited Cloud Investment Holding Limited

40 XVXV ,000, % 1. UBS Trustees (BVI) Limited UBS Nominee LimitedThree- Body Holdings LtdThree-Body Holdings LtdBlueberry Worldwide Holdings Limited Blueberry Worldwide Holdings Limited306,000,000 UBS Trustees (BVI) Limited Three-Body Holdings Ltd Blueberry Worldwide Holdings Limited Blueberry Worldwide Holdings Limited306,000,

41 ,000, % ,000, % 5,000, % , % 3 200, % 3 200, % 3 200, % 3 200, % ,000,000 10,000, ,000 5,000, ,000200, ,000,000 20,000,000 20,000,

42 XV UBS Trustees (BVI) Limited 1 338,403, % Three-Body Holdings Ltd 1 306,000, % Blueberry Worldwide Holdings Limited 1 306,000, % 300,000, % Ho Chi Sing 2 200,000, % 2 200,000, % IDG-Accel China Growth Fund GP II Associates Ltd ,000, % IDG-Accel China Growth Fund II Associates L.P ,880, % IDG-Accel China Growth Fund II L.P ,880, % Tangguo Limited 3 65,798, % 71,946, %

43 1. UBS Trustees (BVI) LimitedThree-Body Holdings Ltd Star Wonder Holding LtdBlueberry Worldwide Holdings Limited Cloud Investment Holding LimitedBlueberry Worldwide Holdings Limited Cloud Investment Holding Limited 306,000,00032,403,000 UBS Trustees (BVI) Limited Three-Body Holdings Ltd Blueberry Worldwide Holdings Limited Blueberry Worldwide Holdings Limited306,000,000 UBS Trustees (BVI) Limited Cloud Investment Holding Limited Star Wonder Holding Ltd Cloud Investment Holding Limited32,403, IDG-Accel China Growth Fund II L.P. IDG-Accel China Growth Fund II Associates L.P. IDG-Accel China Growth Fund GP II Associates Ltd.IDG-Accel China Growth Fund II L.P. IDG-Accel China Growth Fund II Associates L.P. IDG-Accel China Growth Fund GP II Associates Ltd. IDG-Accel China Growth Fund II L.P.184,880,000IDG-Accel Growth Investors II L.P. IDG-Accel China Growth Fund GP II Associates Ltd.IDG-Accel China Growth Fund GP II Associates Ltd.IDG-Accel Growth Investors II L.P.15,120,000 Ho Chi SingIDG-Accel China Growth Fund GP II Associates Ltd. 50%Ho Chi SingIDG-Accel China Growth Fund GP II Associates Ltd.200,000, Tangguo Limited 65,798,00053,728,125 1,000,000 2,000,00010,000,00020,000,000 20,000, ,0005,000, XV

44 D. (i) 8,845,575 88,455, % (ii) 100% (iii) (10) 2.5 (iv)

45 (i) (ii) 121,706,7009.5% ,000,000 (iii) 12 1% (iv) 1.00 (v) (a) (b) (c) (vi) 8 4 (vii)

46 D ,648, ,280,000 25% 1/ ,353,635 29,478,89656,847, % Happy88 Holdings Limited Happy88 Limited 121,706, % ,000, % ,625,0001,125,000875,000375,

47 (i) 7,280,000 (ii) (iii) (i) 24,341,3402.0% (ii) (iii)

48 7,280,000 4,280, ,280,000 25% 1/ ,280,000 72,800,0005.6% Tangguo Limited 4,202, Tangguo Limited 65,798, ,219, ,749,5001,749, ,646,000930,000144, Xinshow Limited 70, ,148,369Xinshow Limited

49 ,000, ,000, ,000,000 5,000, ,000, ,000, , , , , , , , , , , , , , , ,000 4,490, ,000, , ,490,000 20,000, ,000, ,000,000 1,000,000 39,490,000 40,490,

50 ,914, ,200, ,286, ,914,000 2,552, ,200, ,648, ,552,000 5,403, ,913, ,510, ,403,540 2,816, ,042, , ,816, , ,300, , ,000 8,971, ,000, ,029, ,971,000 3,169, ,526, , ,169, , , , ,000 2,000, ,000, ,000,000 1,545, ,801, , ,545,000 1,419, ,541, ,025, ,420 1,419,814 3,502, ,449, , ,830 3,502,940 1,794, ,158, , ,210 1,794,540 8,817, ,388, , ,213,495 8,817,205 4,000, ,000,000 59,847,469 86,721,320 29,478, ,394,955 59,847,469 26,308, ,000,000 3,692, ,308,000 3,428, , ,428,369 2,720, ,720,000 32,456,369 30,000,000 3,762, ,456,369 92,303, ,998,

51 14A.07(1) 14A.07(1) 14A.07(4) 98%14A.07(4) %14A.07(4) 98%14A.07(4) 98%14A.07(4)

52 (i) (ii) (iii) (i) (ii) (a) (b) (c) 15%12%

53 % 3.5% (a)(b) (c)

54 ,319,000 15,120,000 95,000 21,000,

55 (i)(ii)(iii) (iv) (v) 100% 100%

56 % (i) (ii) (i) (ii) (i)(ii)

57 (i) (ii) (i) (ii)(iii) (iv)

58 (i)(ii)

59 ,800, ,000 9,000,0008,820,000180,

60 (i) (ii) (iii)

61 36A %

62 % 2% % 2% 98% 2% 98% 2%

63

64

65 % % %

66 6. (i) (ii) (iii)

67

68 ,426,4209,560, ,944, ,302, ,919, ,110, , ,046, , ,

69 1,725.01, ,

70

71 A

72 A.1.1 A

73

74

75

76 4/4 1/1 1/1 4/4 1/1 3/4 0/1 1/1 3/4 0/1 1/4 0/1 4/4 1/1 2/4 0/1 4/4 1/1 1/1 4/4 0/1 4/4 1/ B(1)

77 A A

78 (a) (b) (c) (d) (e)

79

80 (a)

81 (b)

82

83

84 , ,159 7 (151,335) (105,308) 526, ,851 7 (191,353) (212,363) 7 (115,735) (135,955) 7 (83,628) (86,047) 8 53,032 58, , , ,338 8, (1,030) (2,549) 10 3,308 5,670 (283,559) 14 (4,389) (4,659) 14 (a) (2,985) 184,458 (71,450) 11 (34,708) (36,151) 149,750 (107,601) 62,009 (13,996) 211,759 (121,597) 151,792 (107,503) (2,042) (98) 149,750 (107,601) 213,587 (121,499) (1,828) (98) 211,759 (121,597) (0.116) (0.116)

85 , , ,312 49, ,078 3, ,460 32, ,008 26, ,917 40, , , , , , ,006 14, , , , , , , , , ,083 1,679,452 1,487,591 2,500,208 2,262, ,305,423 2,381, (14) (19) , , (292,919) (421,073) 2,286,712 2,083,689 21,960 4,799 2,308,672 2,088,

86 , ,347 1,389 6,495 1, ,212 24, ,451 52,530 48,554 51,523 43,824 44, , , , , ,103 2,500,208 2,262,591 1,494,411 1,315,

87 ,703 65,705 (294,006) (88,556) 4,897 (83,659) (107,503) (107,503) (98) (107,601) 26 (13,996) (13,996) (13,996) (13,996) (13,996) (13,996) (13,996) (107,503) (121,499) (98) (121,597) 9 51,200 51,200 51, (4) , , , (467) (41) ,415,874 1,416,089 1,416, (2) (10,356) (10,358) (10,358) (26) ,564 (19,564) 737 2,241,826 (19) 70,764 (19,564) 2,293,744 2,293, ,381,529 (19) 122,473 (421,073) 2,083,689 4,799 2,088,

88 ,381,529 (19) 122,473 (421,073) 2,083,689 4,799 2,088, , ,792 (2,042) 149, ,795 61, ,009 61,795 61, ,009 61, , ,587 (1,828) 211, ,942 65,942 65, ,405 8,425 8, (9) (4) 25 (6) (24,929) (24,935) (24,935) 25 18,989 18,989 1,813 (2,236) (423) (423) (59,573) (59,573) (59,573) 26 21,402 (21,402) 18 (76,106) 5 89,157 (23,638) (10,564) 18,989 8, ,305,423 (14) 273,425 (292,919) 2,286,712 21,960 2,308,

89 , ,651 (39,184) (35,511) 154, ,140 (37,878) (35,379) 14 (16,000) 14 (32) (3,622) (49,825) (50,745) 14 8, (11,185) (61,727) (1,638,267) (3,339,590) 1,720,525 2,220,853 (110,017) 117,410 (100,000) 220,000 22,274 17,724 7,223 25, (148,000) (131,000) (25,000) (62,464) (17,669) 45,328 (8,717)

90 (142,775) (1,298,408) 1,467,661 8,425 (51,572) 25 (24,935) (10,358) 92,531 (202,275) (21,339) (17,071) (3,638) 1, (59,573) (74,161) (74,130) 1,179,778 (62,898) 116, , ,896 6, , ,

91 P.O. Box 2804, 4th Floor Scotia Centre, George Town, Grand Cayman KY1-1112, Cayman Islands

92

93 (a) (b)

94 (c)

95 (a)

96 (a) (b) (c)

97 % 50%

98

99 (a) (b)

100 (c)

101

102 (a) (b)

103 (c) (1) (2) (3)(4) (5) (6)

104 (a) 12 (b) (c)

105

106 (a)

107 (b)

108 (e)

109 A B1 B2 C

110 (a) (b)

111 (b) (c)

112 (a)

113 (a) (b)

114 (a)

115 (a) (i) (ii)

116 (b) (i) (ii)

117 (b) (c)

118 (d) (e) (f)

119

120 (a) (i) % , ,000 (ii) ,000311,

121 (a) (iii) ,084,000 3,398,000 (b)

122 (b) (c)

123 (c) ,278 24,278 30,961 30, ,212 23,212 50,035 50,

124 , , , , , , , , , ,

125 (a) (b)

126 (c) , ,481 1,058, ,905 (930,253) (463,314) 4,534 1,741 3, ,066 12,282 4,

127 (c) , ,471 2,251, ,017 (2,191,646) (536) 283,559 (836,924) (134) 4, , ,481 17,888 (536) (283,559)

128 (a) 2.25 (b)

129 (b) ,942,00051,200,000 (c) (d)

130 (e) (f) 4.2 (a) (i) 2.25 (ii)

131 (b) (i)(ii)(iii) (iv) (v) 9158 (i) (ii)(iii)(iv) (v)

132 Dimensional Media Inc. DMI % 94,080,000 51% ,000, % ,405,167 18,000, % ,866, % ,000, % ,000, % ,000, %

133 ,000, % ,000,000 51% ,000, % ,000, % ,890,000 16,000, % ,000,000 80% ,000, % ,000, % ,000, % ,000, %

134 ,007, % , % 10, % ,000, % ,500,000 60% ,500,000 60% OK ,000, % ,000,000 15,000,000 80%

135 DMI (1,480) 112 (98) (1,286) (302) (1,828) (98) DMI (a) 178,669,000 (b)

136

137 ,738 86, , ,999 43, ,208 (4,702) (1,450) (6,152) 188,524 4,338 (1,030) 664 (5,053) (4,389) 2,985 2, , , , , ,851 (2,636) (2,636) 211,098 8,219 (2,549) (283,559) (4,659) (4,659) (71,450)

138 ,259 12, , ,385 2, ,

139 , ,797 (a) 117, ,731 46,484 38,994 41,638 35,676 31, ,691 13,396 16,879 15,757 11,496 21,039 10,609 11, ,171 3,605 7,304 7,364 (b) 6,375 42,821 5,580 5, ,544 2,354 4,594 4,362 5, ,062 21,389 1, , ,673 (a) (b)

140 (a) 38,321 31,118 (936) 4, (b) (i) 11,653 12,994 (ii) 7,950 13,149 (iii) 4,678 2, (6,000) (8,389) (87) (272) 372 (64) 53,032 58,612 (a) (b) (i) (ii) (iii) 11,653, ,994,000 7,950, ,149,000 4,678, ,223,

141 ,498 98,178 (a) 8,397 8,583 9,387 8, ,942 51, , ,797 (a) 20% 14% (b) , ,285 6,622 2,311 8,

142 (b) ,000, ,000,0015,000, ,000,00110,000,000 1 (c) , ,554 18,768 32,731 20,

143 (c) ,000,0011,500, ,000,0017,500, ,000,00110,500, ,000,00112,500, ,500,00114,000, ,338 7,674 4,338 8,219 (876) (154) (2,549) (1,030) (2,549) 3,308 5,

144 (a) ,236 44, (1,528) (8,352) 34,708 36,151 (i) (ii) % (iii) 25%

145 (a) (iii) % % 12.5% 12.5% 25% % 25% 25% 25% 25% 25% 25% 25% 25% 25% % 25% 25% 25% 25% 25% 25% % 50%

146 (a) (iv) % 10%5% %5% ,458 (71,450) 25% 46,115 (17,863) (1,672) 78,355 (25,102) (30,235) (6,223) 2, (3,286) (1,740) 16,485 12, ,025 (824) 34,708 36,

147 (b) % % 6% 7% 3% 2% 0.1% 12 (a) ,792 (107,503) (i) 1,245, , (0.116) (i) 840,000,

148 (b) ,792 (107,503) 1,245, ,972 56,086 12,155 1,313, , (0.116)

149 , ,209,71559,573, ,390 3,863 18,688 52,078 3, ,677 4,659 1,712 4,389 4,

150 (a) ,863 4,900 25,979 17, ,622 (8,400) (2,677) (4,659) (2,985) 33,390 3, % i % ii v 15% iii v % iv

151 (a) (i) OK ,985,000 (ii) ,978, % ,000, % % ,400, % % %2,722, ,400,000 (iii) (iv) (v) ,000,00015% ,000,00010% %10,000,000 6,000, % 20%

152 (b) ,400 (1,712) 18, % i (i) ,400,000 51% ,400,

153 ,436 11,108 2,489 1,703 16, ,517 8,708 2,077 11, ,749 (143) (651) (15) (809) (1,968) (1,500) (804) (6,698) (950) (1,476) (13,396) 115,549 7,208 2,566 14,841 1, , ,517 8,708 4,464 39,587 5,012 6, ,269 (1,968) (1,500) (1,898) (24,746) (3,123) (6,754) (39,989) 115,549 7,208 2,566 14,841 1, , ,549 7,208 2,566 14,841 1, ,280 46,212 3,177 1,243 2, ,976 64, ,722 (8) (117) (125) (4,251) (2,549) (1,096) (8,492) (919) (384) (17,691) 157,510 7,836 3,140 9,312 1, , , ,729 11,885 5,980 40,380 5,615 7,634 10, ,199 (6,219) (4,049) (2,840) (31,068) (4,042) (7,138) (55,356) 157,510 7,836 3,140 9,312 1, , ,

154 ,145 4,702 2,103 2,275 3,700 1,216 6,743 5,203 17,691 13,

155 , ,192 5, ,551 44,528 46,726 (486) (893) (2,226) (3,605) 1, ,860 42,302 49, ,891 3,019 9,288 44,528 58,726 (2,070) (5,428) (2,226) (9,724) 1, ,860 42,302 49, , ,860 42,302 49, , , ,837 6,034 15,183 64,054 (3,745) (1,635) (1,565) (2,226) (9,171) 44,843 20,431 2,344 13,618 40, , ,843 26,246 9,407 15,183 44, ,207 (5,815) (7,063) (1,565) (4,452) (18,895) 44,843 20,431 2,344 13,618 40, ,

156 ,636 2, , ,171 3, , ,451 21,325 21,325 16,701 16,701 4,811 4,811 1,891 42, ,

157 , ,367 1, , WACC 34% 34% 3% 3%

158 ,006 14, , , , , ,870 1,082, , , ,481 1,921,114 1,976,430 23,212 24,278 50,035 30,961 73,247 55, ,158 12,638 (121) 29,037 12,638 36(c) 2,969 1,411 32,006 14,

159 (a) ,646 12, ,052 1, , , ,127 14,049 (b) ,636 13,347 1, ,127 14,049 (c) (d)

160 (a) 125,000 10,613 5,101 9,966 4,543 9,338 31, ,917 40,744 (a) 173, ,000 (b) 29,000 12,038 4,315 8,279 11,151 36(c) 5, ,691 19,077 8, , , , ,776 (a) (b) % 15%

161 , (1,007) 10,307 42,645, ,007, (a) 26,776 2,300 73,491 24, (2,000) 1,741 (134) 100,008 26,776 (b) 313, , ,282 2,226,535 (928,253) (2,191,646) 370, ,

162 (a) ,000,00024,610, ,000, ,000, ,500,000 5%6,000, % ,000, ,500,00015,991, (b) 1.8% 6%

163 ,

164 % % , , , , , , , , ,870 1,082,

165 , ,261 (a) 64, ,447 (b) 15,137 5, , , , , , ,083 (a) (b) % % , ,933, ,375, , ,944 43,760 31,687 6,389 5, , ,

166 ,259,401, ,381,529 (19) (a) 29,478, ,405 (b) (9,560,000) (0.96) (6) (24,929) (c) (59,573) (d) 6,219, (4) 27(b) (9) ,285,538, ,305,423 (14) ,000, ,703 (e) 7,280, (4) (f) 821,520, (467) (41) (g) 20,000, ,801 (h) 349,907, ,415,874 (i) (3,306,000) (0.33) (2) (10,356) 27(b) (26) ,259,401, ,381,529 (19)

167 (a) (b) (c) (d) (e) (f) ,478, ,425, ,944,0002,919, ,000327, ,426,42024,935, ,209,71559,573, ,499,0002,720,00027(b) 27(e) ,280,00027(b) ,000, ,838,8757,280,000 88,388,75072,800,000 (g) (h) (i) ,000, ,000, ,907, ,306, ,129,67010,358,

168 ,437 67,777 19, , ,942 65,942 61,795 61,795 (a) 21,402 21,402 1,813 1, , ,719 81,054 1, , ,873 16,577 33,255 65, ,200 51,200 (13,996) (13,996) (a) 19,564 19, ,437 67,777 19, ,473 (a) 10% 50% 25% 10%50%

169 (a) ,000, ,000,000 2,000,00013,000,000 (i) ,050,000 3,950,000 25% B /48 (ii) , ,000 25% /48 (iii) ,000 25% /48 (iv) ,000, ,000 25% /48 (v) ,0001,000,000425,000 25% /

170 (a) (vi) ,000185,000277,000 25% /48 (vii) ,000 25% /48 (viii) ,000 25% /48 (ix) ,185,000 25% /48 (x) ,000,000 4,154,4258,845,575 4,280,000 (b) 953,125109, ,000832,8215,118,

171 (a) (i) (ii) (iii) 11,000,000 (i) ,000, % % % %

172 (a) ,965, ,850, (2,480) (1,291,300) (42,800,000) ,721, ,721,320 87,721, ,000,000 4,000, (29,478,896) (29,478,896) (1,394,955) (1,394,955) ,847,469 4,000,000 60,847, ,646, ,478,

173 (a) ,914,000 14,200, ,552,000 5,403,540 4,200,000 6,913, ,816,380 3,042, ,971, ,000 30,000,000 1,300, ,000 3,169, ,000 3,526, ,000,000 1,545,000 1,419,814 2,000,000 1,801,000 2,541, ,502,940 4,449, ,794,540 2,158, ,817,205 11,388, ,000,000 60,847,469 87,721,

174 (b) ,280,000 4,280, (a)4,280,000 3,000,000 (i) 500,00025%6 25% (ii) 85,00025% % (iii) 2,415,00025%2.083% ,499, % %

175 (b) ,720, ,00055% % % ,000, % % ,343,750 31,343,750 6,219,000 6,219,000 (12,271,875) (3,395,500) (15,667,375) ,071,875 2,823,500 21,895, ,000,000 42,800,000 (41,456,250) ,343, ,272,

176 (c) % 0.61% 49.1% 43.5% 0.00% 0.00%

177 (d) % % (e) ,280,0007,280, ,280,000 72,800, ,499, ,720,000 6,219,

178 , , , , ,073 (151,792) 26 21,402 2, , ,920 18,986 36(c) 5,292 5,292 23,212 24,

179 ,271 10, ,599 5, , ,331 5,542 23,212 24, ,995 24,278 2, ,212 24,

180 (b) 32(a) 10,000 11,319 10,666 9,835 14,906 36(c) 8,962 6,016 5,457 3,700 2,782 2,537 2,097 4,982 (a) 5,921 4,989 8,740 3,072 63,451 52,530 (a)

181 ,659 15, ,801 16,810 33,460 32, , , ,312 32, ,105 23, (5,300) 1,528 8,352 (21) 28,312 32,

182 ,968 1,038 10,030 8,469 (157) 24,348 3,337 7,044 5,626 (6,989) 179 (1,079) 8, ,305 8,082 15,656 1, (1,079) 32,466 2,135 (5,321) 3,003 (1,480) 1,637 (1,931) 30 1,421 1, ,440 2,761 18,659 1,659 (3,010) 30 1,421 1,500 33, (234) ,300 (513) , ,783,

183 (a) %25,000,000 21,325, ,000 25,

184 (a) (i) 6,014 (121) (i) (1,504) 4,593 (ii) (918) 21,325 25, ,000 (202) 24, (5,000) ,

185 (a) (i) 6,014,000 1,504,000 (ii) (iii) ,986,000 1,442,000 (iv) % 3% (b) % 10,500,000 4,811, ,200 4,

186 (b) , (i) 4,439 (6,996) (i) (1,110) (1,018) (ii) 407 4,811 4,

187 (b) (i) 4,439,000 1,110,000 (ii) (iii) ,289,000 2,074,000 (iv) % 3% (c) % 18,400,000 46%5,000, % 16,701,

188 (c) ,854 20, ,969 9, (i) 10, (12,768) (i) (2,686) 8,158 (ii) (4,005) 16,701 20,

189 (c) ,400 (320) ,080 (i) 10,744,000 2,686,000 (ii) (iii) ,680,000 20,000 (iv) % 3%

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191 (a) (87) (272) (a) 6, , ,

192 (a) 2015OK (a) ,028 28,650 (b) ,730 18, ,912 9,681 22,642 27,

193 (a) Weibo Internet Technology (China) Co., Ltd Fu HS Li X Shanghai Junyi Equity Investment Center (b) (i)

194 (b) (ii) 2, Weibo Internet Technology (China) Co., Ltd , (iii) 4,302 9,245 (iv) 3,610 (v) Weibo Internet Technology (China) Co., Ltd (vi) Shanghai Junyi Equity Investment Center 9, Shanghai Junyi Equity Investment Center

195 (c) Li X 6,564 1, , ,533 1, Fu HS 5, ,292 5, Li X 8,

196 (d) ,473 2, ,491 18,872 17,221 21, (a) Yun Qi Partners I GP, Ltd. Yun Qi Yun Qi 5,000,00032,764,000 33,000,0002,500,00016,153,000 9,900,000 (b) ,800,000 20% 26,000,00020%36% 22,000,

197 (c) ,000,000 70% (d) ,000,000 27% (e) % ,744 5, ,783 67,777 42,208 24, , ,873 97,304 1,018, ,127 1, , ,958 39,653 31,293 1,144,076 1,339,750 1,499,949 1,437,

198 ,305,423 2,381,529 (14) (19) (a) 228,455 83,753 (a) (1,038,151) (1,037,390) 1,496,510 1,428, (150) 2,812 2, ,229 3,056 8,041 3,439 8,402 1,499,949 1,437,

199 (a) (718,998) 45,820 (318,392) 51,200 (13,267) (1,037,390) 83, (1,037,390) 83,753 (761) 65,942 78, (1,038,151) 228,

200 (A) ,008 1,

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