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

Transcription

1 Asiaray Media Group Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) 1933 (j) (k)

2 [] Asiaray Media Group Limited [] [] [] [] [] [] [] [] [][] 1% % 0.005% 0.10 [] [] [] [] [] 342C [ ] [] [] [][][] [][][][] [][][] [][][][] 1% %0.005% [][][] [] [ ][] []8 [] [] []S []

3 [] i

4 [] ii

5 [] [] [][] [] i iii [] [] [] iii

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

13 (1) ,681 94, ,657 (11,105)... (46,184) (60,194) (159,613) (3,562) ,696 (34,951) 51,714 17, ,193 (380) 31,758 3, , , , , , ,691 (1,688) , , , , (1)... 63, , , , , , ,606 74, ,069 86, ,618 57, ,933 78,845 90,846 46, ,356 21,522 29,080 16, ,897 4,035 3,819 2,231 (2)(4)... 81,459 86,433 71, ,293 33,661 30,220 4,742 (3)... 8,477 7,869 2, ,524 3,277 5,400 2,196 (4) , , , ,347 7

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 Cornerstone[][] [][]Media Cornerstone[] Space Management[] [][ ] Space Management Media Cornerstone Shalom Family Holding 9

16

17 (i)(ii) [] 11

18 [][][][] [] [][]][] [] [][] [] [] [] [] [] [] [] [] [] []1 [] []4 [] [] [] [] 12

19 [][] [][][] [] [][][] [] [ ] [][][ ][][] [][][][] [] [] [] Media Cornerstone Space Management [ ] [] 13

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 [] [] [] % 40% 20%

26 % 49% [] 20

27 [] [][] [] [ ] S [][] [] [] [] 21

28 [][] LED [] [] Media Cornerstone Media Cornerstone Limited Shalom Family Holding 22

29 [] [][ ][] [] [] [] [] [][] [] [] 23

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

31 [] % 51% % 55% 25

32 [] Space Management Space Management Limited [] 117 [] UBS Trustees (BVI) Limited 26

33 1933 [] % 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 [ ] [ ] [] 52

59 [ ] [ ] [] 53

60 [ ] [ ] [] 54

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

62 [ ] 26 [] []

63 [ ] [] 57

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 ,500,00050,000500,000100,000,000 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 LimitedShalom 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) CDF 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 [] 96 [] [] 1961 [] 90

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 5[] ,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) [] 136

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 [] 141

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 37 37 [] [] [] [] [] []

173 (i) % 2008 (ii) % 2013(iii)[] [] 167

174 % % 25%

175 % 20% % % 5% 1%

176 % % % 170

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

178 3.340 []

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) % []23 181

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 1,163 []... 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)114.3 (ii)112.0 (iii)13.7(iv) 10.7(i) 33.2 (ii) (i)204.6 (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)240.7 (ii)

214 (i) (ii)58.5 (i)171.8 (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% [] 216

223 [] 34(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% ,000103,000135,000150,000 5% , ,000446,000459,

229 Media Cornerstone Space Management [ ] [] [] [] [] [] [][] [][][] [] [] [] []

230 [] [] [][] [] [] 224

231 , [] [] []

232 [] [][]Media Cornerstone Space Management Shalom Family Holding [] ,00099,

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

234 (b) (c) (d) (b)(c) (i) 5% 228

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

242 49% 51% [] 14A 49% 51% (i)(ii) 236

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

244 % 5.9% 5.6% % 12% (i) (ii) 49% 51% 仕維 238

245 [] 14A %45% [] [] [] (i) (ii) 85% 議 239

246 % %

247 51%49% 55%45% [] 14A (1) (2) 241

248 (3) 14A A 242

249 [ ] [] 243

250 [ ] [] 244

251 [ ] [] 245

252 [ ] [] 246

253 [ ] [] 247

254 SBS JP SBS JP

255

256 [] []

257 [] HK4As Euro RSCG Partnership Ltd MotivatorHK4As ZenithHK4As OMDHK4As [] 251

258 ACHL SBS JP

259 SBS JP [](i) (ii) (iii) XV [] 253

260 [] 13.51(2)(h) (v)

261 C3 255

262 B A5 14A.2.1 [] []14 256

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

264 []

265 [] [][] []XV2 3 Media Cornerstone... [] [] (1)... [] [] Space Management... [] [] (2)... [] [] 1. Media Cornerstone[]Media Cornerstone Shalom Family Holding Shalom Family Holding UBS Trustees (BVI) LimitedThe Shalom Trust Media Cornerstone 2. []Space Management [] Media CornerstoneMedia Cornerstone[] Space Management Media Cornerstone 259

266 [] [] [] [] [] [] [] [] [] [] [] [] [][][] [] [] [] [][] [] [][][] [] []

267 [] [] (a) []20% [] 行使 (b) [] [] [] (a) (b) (c) [] [] []10% 261

268 [][] [] [] (a) (b) (c) [] 262

269 [][][][ ][] [][][][] [] [][] [] [] [] [] [] [] [] [] [] []1 [] []4 [] [] 263

270 [] [] [][] [][][] [] [][][] [] [ ] [][][ ][][] [][][][] [] [] [] 264

271 [] [] [] [] [] [][] [][][] [][] [] [][] [] 265

272 [] 266

273 [] 267

274 [] 268

275 [] 269

276 [] 270

277 [] 271

278 [] 272

279 [] 273

280 [] 274

281 [] 275

282 [] [][][] [] [] [][] [][] [] [][] [][][] 1.0% [] [][] [][] [][] [] 3A

283 [] 277

284 [ ] [] 278

285 [ ] [] 279

286 [ ] [] 280

287 [ ] [] 281

288 [ ] [] 282

289 [ ] [] 283

290 [ ] [] 284

291 [ ] [] 285

292 [ ] [] 286

293 [] [] 287

294 [] [] 288

295 [] [] 289

296 [] [] 290

297 [] [] 291

298 [] [] 292

299 [] [] 293

300 [] [] 294

301 [] [] 295

302 [] [] 296

303 [] [] 297

304 [] [] 298

305 [] [] 299

306 [] [] 300

307 [] [] 301

308 [] [] 302

309 [] [] 303

310 [] [] 304

311 [] [] 305

312 [] [] 306

313 [] [] 307

314 [] [] [] [] IIV[] [] [][] [] II 1.2 II1.211 [] I-1

315 II1.2 II 1.3 II [] II I-2

316 [] I II II1.3II II1.3II 2 I-3

317 I II ,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, , , , , , , , , ,657 11, , , ,587 27,082 11,043 66, , , , , , , , , , , , , , , , , ,282 I-4

318 ,695 13,695 13,695 13, ,163 6,237 5,654 12, (19,918) 3, , ,391 (1,060) 23, , , ,818 16,432 55,047 65, ,758 40, , , ,200 13,592 10,258 28, ,293 15,400 9,819 4, ,654 29,012 20,077 32, , , , , ,584 18,746 27,406 16, ,512 51, , , , , , , , , , , , , , ,282.. (125,095) (114,987) 8, , ,412 69, , ,153 I-5

319 , ,095 1,211, , , (618,461) (729,169) (846,764) (399,354) (390,930)... 99, , , , , (44,163) (59,480) (74,986) (30,217) (33,919) (63,631) (76,341) (95,294) (40,576) (66,823) ,696 7,126 8,025 1,345 2, (547) 2,978 1, (3,570) 98, ,820 91, , ,334 5, , (3,900) (3,778) (8,114) (3,861) (4,272) (3,167) (2,444) (2,322) (3,060) (1,501) ,137 1,485 3,122 1,698 (7,949)... (3,600) 97, ,620 90, , (9,803) (25,448) (37,817) (24,494) (22,760)... (13,403) 71, ,803 65,628 91, (838) 899 (235) (327) (61) (61) ,168 1,030 (1,580) (382) (821) 1, (1,362)... (14,224) 72, ,293 66,270 90,189 I-6

320 (18,051) 59, ,261 43,219 61, ,648 12,177 37,542 22,409 30, (13,403) 71, ,803 65,628 91, (19,386) 60, ,678 43,378 60, ,162 12,215 38,615 22,892 29, (14,224) 72, ,293 66,270 90, ,601 12,374 I-7

321 ,695 7,463 (1,867) 19,291 4,967 24, (18,051) (18,051) 4,648 (13,403)... (838) (838) (838).... (497) (497) (1,335) (18,051) (19,386) 5,162 (14,224) (965) (965) 689 (276).... (965) (965) 689 (276) ,695 5,163 (19,918) (1,060) 10,818 9, ,695 5,163 (19,918) (1,060) 10,818 9, ,625 59,625 12,177 71, ,074 59,625 60,699 12,215 72, (36,000) (36,000) (6,601) (42,601).... (36,000) (36,000) (6,601) (42,601) ,695 6,237 3,707 23,639 16,432 40,071 I-8

322 ,695 6,237 3,707 23,639 16,432 40, , ,261 37, , (235) (235) (235).... (61) (61) (61) ,073 1, (382) (382) (382)... (583) 129, ,678 38, , ,695 5, , ,317 55, , ,695 5, , ,317 55, , ,423 61,423 30,128 91, (1,078) (1,078) (502) (1,580)... (860) 61,423 60,563 29,626 90, ,264 7,264 (6,726) (12,374) (12,374) ,264 7,364 (18,720) (11,356) ,795 12, , ,244 65, ,197 I-9

323 ,695 6,237 3,707 23,639 16,432 40, ,219 43,219 22,409 65, (327) (327) (327).. (61) (61) (61) , ,219 43,378 22,892 66, ,695 6,396 46,926 67,017 39, ,341 I-10

324 , , , ,176 26, (3,900) (3,697) (7,896) (3,942) (4,571).... (10,867) (11,622) (32,481) (19,109) (33,151)... 80,681 94, ,657 80,125 (11,105)... (27,044) (27,971) (35,565) (16,106) (6,070)... (587) (587) (587) (213) (206)... (9,255) (9,201) (9,201)... (4,933) (17,494)... (1,153) (840).... (30,274) (965) ,536 9, , (151) ,334 3, , (10,657) (368) (108,448) (4,998) 1, (46,184) (60,194) (159,613) (20,774) (3,562)... 59,185 60, , , , (33,213) (58,620) (52,531) (50,369) (113,346) (276) []... (5,967)... (558) (6,043) (6,043) (12,374)... (36,000) ,696 (34,951) 51,714 53,129 17, ,193 (380) 31, ,480 3, , , , , , , ,691 3,317 (1,688) , , , , ,000 I-11

325 II PO Box 309, Ugland House Grand Cayman, KY1-1104, Cayman Islands [] 1.2 [] [] % 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 100,000Asiaray Outdoor Asiaray Outdoor (9) ,000 Genesis Printing Genesis Printing10,000Space Management 100,000Genesis Printing Genesis Printing (10) ,000 Genesis Signmaker Genesis Signmaker10,000Space Management 100,000Genesis 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 LimitedShalom 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

342 (a) (i) (ii) ,839 26, , , ,873 39,159 11,130 36,994 63,712 65, , ,460 I-29

343 (67) (147) (42) (139) (146) (17) (86) (382) (iii) 5% ,000103,000135, ,0005% ,000466,000446,000459,000 (b) I-30

344 (c) ,106 2,690 3,135 66, ,020 7, , ,126 9,983 3, , ,997 4,248 6,320 7,486 72, ,434 15, , ,431 19,648 6,320 7, , ,477 2,560 5,679 5, , ,501 9, , ,978 12,379 5,679 5, , ,126 9,981 17,754 4, , ,171 4, , ,297 14,528 17,754 4, ,784 I-31

345 ,444 1, ,251 8,251 9,695 9, ,060 2, ,328 9,328 11,388 11,388 I-32

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

347 ,251 9,328 8, ,255 9, (9,328).... (1,004) 1,077 (282) ,251 9,328 8,919 9, (1,004) 1,077 (282) (a) ,136,0004,789,000 7,202,0008,214,000 (b) (c) I-34

348 , , ,557 26, , (350,971) (149,701) (93,913) (23,876) (618,461) ,349 (6,413) 35,644 2,495 99, (44,163).... (63,631).... 5, (547).... (3,570) (3,900).... (3,167).... 3,137 3, (3,600).... (9,803).... (13,403) I-35

349 , , ,393 43, , (413,114) (180,398) (100,081) (35,576) (729,169) ,875 22,653 40,312 8, , (59,480).... (76,341).... 7, , , , (3,778).... (2,444).... 1,485 1, , (25,448) , , , ,534 41,738 1,211, (489,955) (207,059) (113,048) (36,702) (846,764) ,815 68,208 42,486 5, , (74,986).... (95,294).... 8, , , , (8,114).... (2,322).... 3,122 3, , (37,817) ,803 I-36

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

351 , ,702 1,115, , , ,310 57,393 95,929 36,732 44, , ,095 1,211, , , , , , , , , , , , , , ,095 1,211, , ,093 10% , , , , ,449 26,605 25,946 2,872 94, , , ,524 I-38

352 ,242 2,297 7,983 8,768 64, (12,851) (1,212) (3,884) (5,407) (23,354) ,391 1,085 4,099 3,361 40, ,391 1,085 4,099 3,361 40, , ,023 1,662 27, (12,318) (499) (1,222) (1,520) (15,559)... (148) (45) (139) (332)... 1, , ,593 1,160 4,037 3,503 54, ,661 2,806 9,154 10,601 94, (26,068) (1,646) (5,117) (7,098) (39,929) ,593 1,160 4,037 3,503 54, ,593 1,160 4,037 3,503 54, , ,007 1,948 27, (20,567) (680) (1,344) (1,673) (24,264)... (334) (28) (362) (2) (4) , ,362 3,750 57, ,472 2,809 9,166 12, , (46,703) (2,048) (5,804) (8,592) (63,147) , ,362 3,750 57, , ,362 3,750 57, , ,436 35, (27,373) (487) (1,230) (1,913) (31,003) 34.. (64) (64).... (6) (6)... 1, , , ,899 5,381 64, ,682 3,581 10,128 16, , (75,945) (2,590) (7,229) (10,727) (96,491) , ,899 5,381 64,008 I-39

353 , ,899 5,381 64, , ,108 6, (11,755) (248) (581) (1,156) (13,740)... (4) (30) (34)... (501) (6) (19) (44) (570)... 45,512 1,390 2,573 6,259 55, ,463 4,208 10,176 17, , (86,951) (2,818) (7,603) (11,017) (108,389) ,512 1,390 2,573 6,259 55, ,730 21,079 27,751 11,544 11, ,471 2,771 2,950 1,430 1, ,559 24,264 31,003 13,172 13, , (753).... 1, , (89) , , (881).... 1,038 I-40

354 , (91) , (972) (93) , (1,097) (47)... (8) , (1,133) ,038, , ,000827,00038,239,000 20,967,000 26,711,00026,457, (a) (89) (91) (93) (46) (47) I-41

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

356 , , (6,147) (606) (6,753).... 3, , , , (2,106) (70) (2,176) , , , , (8,602) (708) (9,310).... 1, , , , (1,068) (7) (1,075)... (7) (7) (715) (715) ,153 1, (155) (155) ,052 1, ,946 1, (894) (894).... 1,052 1,052 I-43

357 ,052 1, (130) (130)... (10) (10) ,928 1, (1,016) (1,016) ,106 1, ,176 1, (a) ,444 2,060 2, ,444 2,060 2,697 2,993 66% 3.53% 3.78% I-44

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

359 , , ,697 2, ,919 8, ,043 11, , , , , ,399 2,697 8, , , , ,993 2, ,180 9, ,181 66, , , , , ,482 2,993 9, , , , , , , , , , , , , ,178 I-46

360 ,991 37,831 44,249 66, ,933 17, ,137 1,485 3,122 (7,949) (19,389)... 1,703 1,579 (83)... 37,831 44,249 66,444 39, % 49% 49% 49% % 40% 40% % 49% I-47

361 , , , , (68,567) (81,455) (79,199) (72,748)... 20,509 33,798 52,203 49, ,588 51,081 47,476 47, (12,561) (11,593) (10,960) (10,362)... 42,027 39,488 36,516 37, ,536 73,286 88,719 87, , , , , , ,403 10,721 12,948 5,838 (812) ,340 62,536 73,286 88, ,403 10,721 12,948 (812)... 2, ,485 (842) ,536 73,286 88,719 87,065 (49%)... 30,642 35,910 43,472 42, ,189 7,187 7,411 7, (19,389)... 37,831 43,097 50,883 30,615 I-48

362 , , (41,516) (148,721)... 29,482 7, ,371 10, ,371 10, ,853 18, , , (4,188) (15,411) , (4,188) (15,411)... 36,791 1, (281) ,853 18,209 (49%)... 15,561 8, ,561 8,922 I-49

363 , ,260 24,320 10,014 13, (3,768) (1,171) (1,163) ,606,0002,462, ,920,00024,704,000 61,932,00071,223, ,102,0008,272,000 6,885,0001,607, ,194,000107,203,000172,571,000198,065,000 I-50

364 (i) , , , , (33,583) (105,100) (118,044) (153,864)... 12,333 20,187 97, , ,441 30,229 28,758 25, (161)... 26,280 30,229 28,758 25, ,613 50, , , , , , , , ,404 28,385 86,477 42,908 53, (2,581) (4,325) (13,170) (6,453) (8,058)... 10,823 24,060 73,307 36,455 45, , ,669 1,208 (1,247)... 12,355 24,138 75,976 37,663 44, ,054 11,827 37,228 18,455 21, ,043 12,374 I-51

365 (1,198) 97,102 82,684 31,822 63, (1,166) (1,979) (1,166) (5,770) (16,251)... (2,364) 95,123 81,518 26,052 47, (209) (25,539) (7,655) (5,121) (114,058).... (12,079) (12,965) (25,885)... (2,573) 69,584 61,784 7,966 (92,313)... 23,791 22,343 93,393 93, , ,125 1,466 6,199 1,732 (1,582)... 22,343 93, , ,091 67,481 I-52

366 (ii) ,270 20,775 16,215 28, (44,760) (70,941) (68,127) (64,297)... (31,490) (50,166) (51,912) (36,182)... 14,956 44,076 47,718 42, (10,792) (9,858) (9,134)... 14,956 33,284 37,860 32, (16,534) (16,882) (14,052) (3,280) ,362 85, ,132 48,266 55, (1,291) 1,281 4,580 12,443 14, (491) (1,271) (3,164) (3,591)... (1,068) 790 3,309 9,279 10, (752) 1 (479) (222) (1,820) 791 2,830 9,057 10, (892) 388 1,387 4,437 5, I-53

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, , ,774,00056,975,00070,823,00066,975,000 6,118,00012,945,00016,368,00015,430, ,100,00079,323,00047,842,00028,130,000 19,525,00019,831,00011,960,0007,033, , ,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 11,130,00010,394, 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, , , , ,955,000106,006,000153,756,000187,881, , , , ,881 I-58

372 ,898,00016,239,000 24,439,00052,825, ,019,0003,792,0006,172,0007,196, ,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) ,189,00032,192,00061,862,00063,656, ,798 11,261 34,033 56, ,391 20,931 27,829 7,174 I-59 24,189 32,192 61,862 63,656

373 ,938,000 18,967,00015,748,0002,486, ,117,000997,0001,030,000 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 26,941 [] , ,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 Aj/C0_0 1 Tf-3128D064A0E38042A >Tj/T1 Tf07,269 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 1,163 []... 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, ,000,0011,500, ,500,0012,000, (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 [] II-1

399 [] II-2

400 [] II-3

401 [] II-4

402 [] 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 [] 2. 50, , Media Cornerstone 499, ,500,000 50, , ,000,0001,000,000,000 [] [][ ] [] IV-1

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

430 (d) [] [] [][] []10% [] 4 [] (a) (b) IV-3

431 2.6010% (c) , % (d) [] 6. [] (a) [] [] IV-4

432 (b) 26 [] 7. [] (a) []5. (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 IV-9

437 (b) asiaray.com [] (i) (ii) ,000 1,000,000 1,000,000 1,920,000 1,920,000 IV-10

438 , (i)(ii) IV-11

439 11. (a) [] [] XV [][] XV [ ][][] [][]... [] [] 1. [] Space Management [] Media CornerstoneMedia Cornerstone[ ]Space Management Media Cornerstone IV-12

440 (b) [] XV2 3 10% (i) [] [] Media Cornerstone... [] [] [] [] Space Management... [] [] [] [] 1. Media Cornerstone[] Media Cornerstone Shalom Family Holding Shalom Family Holding UBS Trustees (BVI) LimitedThe Shalom Trust Media Cornerstone 2. [] Space Management [] Media CornerstoneMedia Cornerstone[ ]Space Management Media Cornerstone IV-13

441 (ii)... [].... [].. []... [] 1. 25% 24% 12. (a) [] XV [] [][] XV [] IV-14

442 (b) [] [] [] XV2 3 10% (c) [] (d) [] [] (e) 13. (a) (i) (ii) IV-15

443 (ii) (iii) (1) (2) [][] (3) [] (iv) (iii)(xvi) [] (v) (1) (2) IV-16

444 (1)(2) [][] [] [] [] [][] (vi) [] (i)[] (ii) [] (iii)[] (vii) (1) (2)(3) IV-17

445 (1) (2) [] [](3) [](4) (viii) (1) (2) (3) 30 (1)(2) (3) (4)(5) IV-18

446 (1) (2) (1) (2) (1) (2) (3) (4) (5)(6) (1) (2) IV-19

447 (1) (2) (3) (4) (5) (6)(x)14 (y) 15 [] [] [][] IV-20

448 (1) (2) (3) [ ] (1) (2) (ix) [] [][] [ ] [][][] [] [] [][] [] [] IV-21

449 [] [] 10% IV-22

450 (1) [](2)[ ] (3) (1) (2)[] (1) (2) 30 (xii) (xiii) IV-23

451 (1)(2) (3)[](4) (5)(6) (7) (xiv) (1) (2) (xv) IV-24

452 (xvi) (x) (xvii) (1)(2) (b) (i) [][] (ii) [] (iii) IV-25

453 14. Media Cornerstone Space Management Shalom Family Holidng (a) [] [][] (b) (i) (ii) (iii) (iv) (i) [] (ii) IV-26

454 a. b. [] c. (iii) [] (iv) [] [][] IV-27

455 17. [][] 18. 3A.07 [][] [] [] [][] 34[] , [][] IV-28

456 [] (i) (ii) 22. [][] 44A 44B 23. [] L[] 4[] 24. (a) [] [] (i) IV-29

457 (ii) (iii) (iv) (v) [] (b) (c) [] [] (d) [] (e) (f) (g) IV-30

458 [][][] [] [] (a) (b) [] (c) (d) [] (e) [] (f) (g) (h) (i) (j) [] (k) [] V-1

459 (l) (m) [] V-2