Zengame Technology Holding Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) 1933
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[] 2017 1 2017 21.62017 17.3 201310 2017114 83.7%2022240 2015 2015 36 2018 52018 83.0 2018 5 1 4.0% 1
Oppo Vivo 2017 2015 12 319.62017 12 31212.62018 6 30289.9 2015 12 31 7.62017 12 3122.42018 6 3027.9 2015 12 31 1.22017 12 314.82018 6 306.0ARPPU2015 12 31 15 2017 12 31 272018 6 30 34 2015 12 31 129.82017 12 31 459.7 2017 6 30224.02018 6 30 267.82015 12 31 25.0 2017 12 31 66.42017 6 30 35.42018 6 30 50.8 2018 5 2
4419 1213 12 31 6 30 2015 2016 2017 2017 2018 % % % % % 114,168 87.9 293,595 86.9 432,034 94.0 208,289 93.0 236,436 89.0 14,348 11.1 42,487 12.6 25,319 5.5 14,546 6.5 6,826 2.6 (1) 1,317 1.0 1,871 0.5 2,371 0.5 1,158 0.5 22,500 8.4 129,833 100.0 337,953 100.0 459,724 100.0 223,993 100.0 265,762 100.0 (1) 5% 2018 12 31 6 30 2015 2016 2017 (1) 1,214 2,218 4,830 5,954 7,574 12,581 22,447 27,879 9,565 94,804 212,564 289,945 1,067 1,947 4,376 4,991 6,374 10,310 18,875 18,516 8,005 75,434 169,358 205,913 143 261 378 275 1,167 2,177 2,709 1,775 1,522 18,537 35,345 39,752 4 10 76 688 33 94 863 7,588 38 833 7,861 44,280 (1) 3
20152016 2017 12 312018 6 30 22.8% 18.3% 26.0% 23.0%20152016 2017 12 312018 6 30 60.2% 48.4% 61.0% 67.5% 4
(1)(2) (3) (4) [] [] (2) (3) (1) (4) (5) (6) 100% 100% 5
[][] Sky-zen Capital J&L Y []% []%Sky-zen Capital(i) (ii)80% 20% J&L Y(i)(ii) 80% 20% 2012 8 302015 8 30 2018 10 29 2012 8 30 [] Sky-zen Capital J&L Y30% Sky-zen Capital J&L Y [] 1,055,564 [][] [][]%[] 18 [] 6
12 31 6 30 2015 2016 2017 2017 2018 129,833 337,953 459,724 223,993 267,826 (93,249) (264,903) (301,792) (158,012) (166,487) 36,584 73,050 157,932 65,981 101,339 7,918 2,148 4,518 884 4,588 (3,226) (10,002) (39,247) (12,194) (25,576) (8,589) (9,610) (16,698) (6,012) (10,470) (7,624) (13,562) (23,649) (7,216) (13,208) (73) (879) (6,566) (851) (398) (19) (824) (433) (128) (243) (515) (461) (9) (490) (888) (452) 24,981 40,393 74,063 39,246 56,147 41 18 (7,667) (3,877) (5,386) 25,022 40,411 66,396 35,369 50,761 ARPPU2015 12 31 36.6 2017 12 31 157.92017 6 3066.02018 6 30 101.3201528.2% 201621.6% 2016 201734.4% 2018 6 30 37.8% 7
12 31 2018 2015 2016 2017 6 30 35,301 93,262 68,299 58,368 8,357 21,830 26,326 23,762 25,735 19,896 149,878 212,037 774 818 7,263 5,407 269 1,022 403 2,490 10,060 9,342 13,333 72,926 146,888 261,511 312,907 14,483 27,080 23,816 20,532 10,807 29,954 42,278 36,774 5,679 13,656 18,141 15,309 8,000 7,600 17,600 1,484 1,971 30,969 78,690 93,319 92,186 41,957 68,198 168,192 220,721 6 30 6 30 12 3112 31 2015 2016 2017 2018 (1) (%) 39.3 26.2 29.9 36.3 (2) (%) 25.7 15.8 20.3 26.4 (3) 2.4 1.9 2.8 3.4 (4) (%) 5.2 3.4 6.2 (5) (%) 1.5 (6) 2,126.9 90.9 439.6 (1) 2017 12 31 2018 6 30 365/181 (2) 2017 12 31 2018 6 30 365/181 8
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[] 2018 Atlas Atlas Technology Co., LTD 2018 8 9 2011 1 30 BeFuture BeFuture Limited 2018 8 9 11
Sky Snow Limited2018 9 27 [] 2004 5 27 12
13 37 22 1961 3 32 622 Zengame Technology Holding Limited 2018 8 28 Sky-zen Capital Skyzen J&L Y Y&J 13
[] D Fun D Fun Limited 2018 8 27D Zen 20% 80% D Zen D Zen Limited 2018 8 16 D Zing D Zing Limited 2018 8 9 2012 5 29 99% 1% 2018 [ ] G. 1. 2018 [ ] 14
2012 5 30 70% 30% 2016 12 30 99% 1% 2012 5 29 90% 10% 2015 1 19 2007 3 16 2008 1 12017 2 24 2018 10 27 2018 10 27 Family Wall Family Wall technology Co., LTD 2018 8 9 81.182% 13.474% 5.344% 15
2017 6 28 (2017)2017 7 28 2012 1 4 [] 16
[] [] 2012 5 29 6.411% 11.178% 9.523% 7.140% 1.185% 0.470% 9.994% 54.099% [] 17
[] 2011 11 30 ICP Interactive HK Zengame Interactive Limited 2018 9 13 2014 2 26 18
[] IP 2018 10 27 J&L Y J&L Y Limited 2018 8 27Y&J 20% 80% 2001 5 22 JIAWEI JIA WEI INVESTMENTS LIMITED 2018 8 9 19
2014 5 272018 8 2018 10 29 2015 6 4 2015 6 29 [] [] [] 2015 12 11 2018 8 20
Meidada Meidada technology CO., LTD 2018 8 9 2018 21
[] [] 22
2012 5 30 90% 10% Playa Playa Technology Limited 2018 8 27 Atlas20% 80% 1993 12 29 1994 7 1 1999 12 25 2004 8 282005 10 27 2013 12 28 [] [] [] [] [] 23
[] S S Hezhong Power Limited 2018 10 9 F. 1. 24
571 0.01 2018 [ ] F. 2. 2018 10 27 2018 10 27 2014 9 15 Sky-zen Capital Sky-zen Capital Limited 2018 8 27 Skyzen20% 80% 25
Skyzen Skyzen Limited 2018 8 9 [] 2018 10 27 [] IP 2012 5 25 99% 1% 26
2018 9 29 201520162017 12 31 2018 6 30 1933 [] 1995 5 26 002555 2014 12 22 [] 27
Y&J Y&J Capital Limited 2018 8 9 Y&J Family Limited2018 9 27 YS Limited2018 9 27 2015 5 21 2016 8 9 2016 9 2 2010 7 202015 9 28
Zen Interactive Zen Interactive Limited 2018 8 31 Bonaza Limited2018 9 27 % 0.88 1.006.871.00 * * [] 29
ARPPU 2015 11 Hadoop HBase HTML5 HTML 2015 11 30
(i) (ii) Spark 31
32
33
(1)(2) (3) (4) [] 2015 20162017 12 312018 6 30 79.9% 84.4% 93.1% 88.0% ARPPU 34
2018 6 30289.9 27.9 35
Apple Inc. App Store Vivo Oppo 36
2015 20162017 12 312018 6 30 0.71.41.41.3 9.8% 11.5% 6.3% 4.6% 37
ARPPU 2013 ARPPU 38
39
40
41
ICP 42
2018 3 56 HTML5 43
2007 18 2014 7 25 2014 10 1 2017 1 12 2010 2017 12 15 (2010) 20,000 44
45
2018 6 30 2.9 46
0.05% [] [][] []% 47
30 90 48
201520162017 12 31 2018 6 30 0.81.3 0.6 201520162017 12 312018 6 30 9,000 0.5 0.9 201520162017 12 312018 6 300.20.5 25% 20152015 2016 2019 12 31 12.5%2017 2017 12 312018 6 30 10% 49
201520162017 12 312018 6 30(0.2)% (0.04)% 10.4% 9.6% 1970 2008 1 2017 2 24 10.0% 50
2007 1 25.0% 5.0%2018 4 1 5%10.0% 25.0% 2009 4 822014 1 9 82 (1) (2) (3) (4)50.0% 82 45 2011 92015 6 12016 10 12018 6 1582 51
45 82 45 82 25.0% VIP 52
1979 53
[][ ] [][] 2005 7 54
[] 10.0% 50.0% 55
[][] [][] 372014 7 4 (1) (2) 13 2015 2 13 2015 6 113 3713 3713 56
3713 37 13 2006 8 8 2006 9 8 2009 6 22 2017 10 372018 6 15 57
2009 12 10 698 2015 2 3 7 7 7 25% 20% 37 7 377 377 377 58
377 37 7 [] 2012 2 59
10.0% 10.0% 20% 20% 10.0% 20.0% 2008 7 3 60
2008 8 1 H1N1 2018 61
(i) (ii) (iii) [][] 62
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2015 1 2015 (i)(ii) (iii)(iv) (i) (ii) (iii) 65
66
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(c) 3A.19 13.46 (d) (e) 3.28 8.17 (a) (b) 159 (c) 50 3.28 8.17 3.28 8.17 72
3.28 8.173.29 [] [] 3.28 [] 14A 73
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[] 4068 1 http://www.zen-game.com 83
[] [] [] [ ][] 20132022 500,000 20182022 4G 196149 2,000 2090 84
(i) (RPG)(SIM/SLG)(ACT) (ii) (i) RPG (ii) SIM/SLG (iii) ACT (iv) CCGTCG (v) 85
20131172017 1,37485.1% 2017 22.5% 20223,792 20132022 700.0 600.0 2013 2017 2017 2022 85.1% 22.5% 500.0 400.0 300.0 200.0 100.0 0.0 11.7 30.2 60.1 97.2 137.4 2013 2014 2015 2016 2017 2018 166.1 212.0 2019 264.1 2020 317.5 2021 379.2 2022 4G20179904G 20173.2 201377.9%201794.7% 86
2017 70% HTML5 HTML5 87
(UNO) 88
RPG (i)(ii) (iii)arppu (iv) 201721.4% 58.8% IP IP Apple Pay 89
201310 2017114 83.7%2022 240 20132022 2013 2017 2017 2022 83.7% 16.1% 30.0 25.0 20.0 15.0 11.4 13.1 15.0 16.7 19.8 24.0 10.0 5.0 0.0 1.0 2.5 4.6 7.3 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 90
4G20174G 3.2 2013 RPGS 91
2017 4.0%A 2017 2017 2017 1 A 3,062.9 26.8% 2 B 1,813.1 15.9% 3 C 1,395.8 12.2% 4 D 514.9 4.5% 5 457.4 4.0% 7,244.1 63.4% 11,430.6 100.0% 92
ARPPU 2017 2017 2017ARPPU 1 A 172.9 40.8 ~33 2 B 47.5 12.6 ~30 3 C 34.7 7.4 30~82 4 21.6 4.8 23~28 5 E 18.3 3.2 ~31 2017 17.3 4.2 2017 2017 2017 A 68.3 23.4 B 21.7 8.3 17.3 4.2 F 3.8 1.1 D 2.8 0.9 2013106 20172,191113.2% 93
2022 4,743201716.7% CPM CPC CPA CPT CPD 94
2017 201782.3% 95
2016 9 32016 10 1 2014 2 192014 3 1 2016 9 3 < > 2018 6 292018 6 30 2017 6 28 2017 7 28 2018 6 282018 20182018 6 28 2018 7 28 2018 96
2001 12 11 2008 9 102016 2 6 2016 50% 2017 3 1 2006 7 13 2011 2 17 2011 4 1 2017 12 15 97
2011 3 18 2009 9 28 (a) (b) 2000 9 25 2016 2 6 2015 12 28 2000 9 25 2011 1 8 ICP 98
2016 2 4 2016 3 10 2016 5 24 2016 7 1 2008 7 11 99
2010 6 32010 8 1 2017 12 15 330 30 20,000 2007 2 16 (a) (b) (c) (a)(b) (c)(d) (e) (f)(g) 100
(h)(i) 2009 11 13 2004 5 14 2007 1 25 (a)(b) (c) (d) 102007 2 15 101
2009 6 4 (a) (b) 2016 12 1 2017 5 1 20,000 102
2007 4 15 18 2011 7 1 2011 10 1 2014 7 25 2014 10 1 2017 1 12 103
2015 3 19 2000 12 28 2009 8 27(a) (b) (c) 2011 1 8 2005 12 13 2006 3 1 60 IP 2012 12 28 2013 7 16 104
1990 9 7 1991 6 12010 2 262010 4 1 2013 1 302013 3 1 2002 2 20 1982 8 23 1983 3 12013 8 302014 5 1 2002 8 3 2014 4 292014 5 1 105
2017 8 242017 11 1 2017 11 27 2018 1 1 2008 8 5 2014 7 4372014 7 4 37(a) (b) 2015 2 13 2015 6 1 13 13 106
10% 50% 2006 8 8 2006 9 8 2009 6 22 2007 3 16 2017 2 242007 12 6 107
25% 10% 15% 2008 1 12016 1 29 2012 4 20 2011 1 1 2016 5 4 25% 10% 2017 11 192011 10 28 2011 11 16 2012 1 1 6% 108
2016 5 6 2016 3 23 2016 5 1 2018 4 4 2018 5 1 17% 11% 16% 10% 1995 1 1 2009 8 27 2008 1 1 2012 12 28 10 109
2010 10 28 2011 7 1 1999 4 3 2002 3 24 110
44 2017 4.0%2010 7 Family Wall 2012 6 14 20 49% 2015 44 2010 2013 111
2014 Vivo Oppo 2015 1 2016 2016 1 10 100 2017 2017 2017 100 112
2010 7 20 100% 2014 9 15 100% 2010 7 20 3,000,000 (%) 2,210,520 73.684 789,480 26.316 3,000,000 100.000 113
2012 6 8 (i)26% 780,000(ii)25% 750,000(iii)23% 690,000(iv)13.684% 410,520(v)11% 330,000(vi)1% 30,000(vii)0.316% 9,480 (%) 780,000 26 690,000 23 750,000 25 420,000 14 330,000 11 30,000 1 3,000,000 100 2012 2012 12 610 114
(%) 2,600,000 26 2,300,000 23 2,500,000 25 1,400,000 14 1,100,000 11 100,000 1 10,000,000 100 2014 9 11 5%500,000 (%) 2,600,000 26 2,300,000 23 2,000,000 20 1,400,000 14 1,100,000 11 100,000 1 500,000 5 10,000,000 100 115
20152016 2015 9 1 30,000,0002015 12 42016 5 13 (%) 13,000,000 26 11,500,000 23 10,000,000 20 7,000,000 14 5,500,000 11 500,000 1 2,500,000 5 50,000,000 100 2017 6 30 (i) 2,500,0001,500,000 (ii) 1,500,000 (i) 2017 6 30 (i)30 2,500,0004.6296%(ii) 181,500,000 2.7778% 116
2017 8 10 54 (ii) 2017 6 30 (i)9 750,000 1.3889%(ii) 9 750,000 1.3889% (%) 12,250,000 22.6852 10,750,000 19.9074 10,000,000 18.5185 7,000,000 12.9630 5,500,000 10.1852 500,000 0.9259 2,500,000 4.6296 2,500,000 4.6296 1,500,000 2.7778 1,500,000 2.7778 54,000,000 100.0000 2018 8 2 403,846354,395329,670230,770181,319 2.7778% 5.34.6 4.33.02.4 117
2017 6 302018 8 6 2018 8 14 673,077590,659549,450384,616 302,1984.6296%8.8 7.87.25.04.0 2018 8 14 2014 9 15 100,000 2014 10 2016 8 8 1,000,0002017 12 12 50 [] 2017 6 30 (i) 2,500,0001,500,000 (ii) 1,500,000 2018 8 [] 2014 12 22 002555 [] 2017 6 30 118
18 2017 7 12 [] 1,055,564 [][] []%[] [] [][] [][] []% [] [] []% [] 119
648 (a) 120 (b) 30 (c) 120
[] [] [][] [] [] [] (HKEX-GL29-12)(HKEX-GL43-12) (HKEX-GL44-12) 121
99% 1% (1) (1) (1) (1) 99% 1% 90% 10% 99% 1% 90% 10% 100% 100% 70% 30% (2) (1) (1) 24.68% 21.65% 20.15% 14.10% 11.08% 4.63% 2.78% 0.93% 100% 100% 100% 100% 100% 100% (3) 100% (1) (2) 6.411% 11.178% 9.523% 1.185% 0.470% 7.140% 0.470% 9.524%54.099% (3) 2016 9 2 122
[] 1. [] 2018 8 28 380,000 38,000,000 0.01 Sky-zen CapitalSky-zen Capital J&L Y D Fun JIAWEI Meidada Family Wall Playa BeFutureD Zing34,045,263 (%) Sky-zen Capital 10,320,800 30.3149 J&L Y 8,740,190 25.6723 D Fun 7,655,670 22.4867 JIAWEI 510,378 1.4991 Meidada 25,194 0.0740 Family Wall 471,314 1.3844 Playa 4,210,628 12.3677 BeFuture 1,759,248 5.1674 D Zing 351,842 1.0335 34,045,264 100.0000 123
2. Zen Interactive Zen Interactive 2018 8 31 100Zen Interactive Zen Interactive Interactive HK Interactive HK 2018 9 13 Zen Interactive10Interactive HK Zen Interactive Interactive HK 3. Zen Interactive 2018 9 24Zen Interactive1.00 2018 9 24 4. 2018 9 29Interactive HK 50 124
5. 2018 10 17 2,899,1721,055,564[] [] Sky-zen Capital J&L Y D Fun JIAWEI Meidada Family Wall Playa BeFuture D Zing27.16% 23.00% 20.15% 1.34% 0.07% 1.24% 11.08% 4.63% 0.93% 7.62% 2.78% 6. 2018 10 27 2012 5 2012 6 58.86% 2016 6 12018 6 1 3,502,850617,000 2018 10 9 2,899,1727.6294% 2018 10 17 125
2,899,172 [] [][] []% F. 1. 2018 10 26Sky-zen Capital400 Sky-zen Capital80% 2018 10 26J&L Y400J&L Y 80% 2018 10 26D Fun400D Fun 80% 2018 10 26Playa400Playa 80% 126
[] Skyzen (1)(3) (11) 20% 80% Y&J (2)(3) (11) D Zen (4) 20% 80% 20% (11) (6) (5) (5) (5) (6) Atlas(7) (11) (BVI) (6) (6) 80% 81.182% 13.474% 5.344% 20% 80% 100% 100% 100% 100% 100% Sky-zen Capital (3) J&L Y (3) D Fun JIAWEI Family Wall 27.16% 23.00% 20.15% 1.34% 7.62% 1.24% Meidada Playa (6) (6) D Zing 0.07% 11.08% 4.63% 2.78% 0.93% 100% Zen Interactive 100% 100% Interactive HK 100% (10) 100% 100% 100% 100% 100% 24.68% 21.65% 20.15% 14.10% 11.08% 4.63% 2.78% 0.93% (9) 99% 1% 90% 10% 99% 1% 90% 10% 100% 100% 70% 30% (3) (3) (8) (6) (6) (6) (6) 99% 1% (1) (2) (3) 2012 8 302015 8 30 2018 10 29 2012 8 30 (4) (5) 127
(6) (7) (8) 99% 1% (9) 6.411% 11.178% 9.523% 1.185% 0.470% 7.140% 0.470% 9.524% 54.099% (10) 2016 9 2 (11) [] [] [] Skyzen (1)(3) (11) Y&J(2)(3) (11) D Zen (4) (11) Atlas(7) (11) (6) (5) (5) (5) (6) (6) (6) 20% 80% 20% 80% 20% 80% 81.182% 13.474% 5.344% 20% 80% 100% 100% 100% 100% 100% Sky-zen J&L Y Capital (3) (3) D Fun JIAWEI Family Wall [] [] [] [] [] [] Meidada Playa (11) (11) D Zing [] [] [] [] [] [] 100% Zen Interactive 100% 100% Interactive HK 100% (10) 100% 100% 100% 100% 100% 24.68% 21.65% 20.15% 11.08% 4.63% 14.10% 2.78% 0.93% (9) 90% 10% 100% 99% 1% 90% 10% 99% 1% 100% 70% 30% (3) (3) (8) (6) (6) (6) (6) 99% 1% 128
(1) (10) 127128(1) (10) (11) BeFuture[] 2014 7 1437(a) (b) 37 2015 6 113 2018 9 261337 129
2006 8 8 2006 9 82009 6 22 (i) (ii) (i) (ii) [] 130
2018 10 27 ICP 2017 6 282017 7 28 2018 6 28 201820182018 6 28 2018 7 282018 131
ICP ICP 2016FITE 50% 2017 3 1 2006 7 13 132
2018 9 25 2018 9 25ICP ICP 2018 7 [] 133
(i)(ii) ICP (iii) 2018 10 27 (2)(3) (1) (4)(5)(6) 100% 100% 134
1. (1) 2. (1) 3. (2) 4. (3) 5. (4) (5) 6. (7) (1) (a) (b) (c) (d)(e) (f)(g) 135
(2) 2018 10 27 (1) (2)30 (3) (i)(ii) 136
(a) (b) (c) 2,000,000 (d) 2,000,000 (e) (f) (g) (h) 2,000,000 137
(i) (j) (k) (l) 0 (4) (a) (b) (c) (d) (e) 138
(f) (g) (h) (5) (4) (6) 2018 10 27 (a) (b) (c) 139
(d) (e) (f) (g) (h) (i) (j) (7) 140
(a) (b) (c) CIETAC 141
CIETAC (4) (3) 142
(a) (b) 30 (4) (5) 143
(a) (b) (c) (d) (i) (ii) (iii) (iv) 144
(e) [] 10 2.1 145
2015 1 2015 FIE FIE (a) 50% (b) 50%(a) 50% (b)50% (c) (c) 19 FIE 146
VIE FIE VIE VIE FIE VIEVIE VIE VIE VIE VIE (a) VIE 147
(b) VIE (c) 144 145 147 148 100,000 110% 100,000110% 50,000 500,000 5% 148
1 (i) [] [] 40.1284%(ii) (iii) 149
(a) (b) (c) 150
(i) (ii) (a) (b) (c) (d) 151
(e) [] (a) (b) (c) (d) 152
2017 4.0% 2015 2015 36 2018 5 2017 17.3 4.2 2015 12 319.62017 12 31212.62018 6 30289.92015 12 31 7.62017 12 3122.42018 6 153
3027.9 2015 12 31 25.02017 12 31 66.4 2017 6 3035.42018 6 30 50.8 44 2017 4.0% 2015 2017 21.6 4.8 2017 17.3 4.22018 6 30 289.9 2018 52018 83.0 4.95.3 154
1420 12 18 2014Vivo Oppo 2017 201520162017 12 312018 6 3096.6% 89.9% 50.4% 48.5% 155
HTML5HTML5 HTML5 SDK 20% 156
2013106 20172,191 113.2% 20224,743 56 157
HTML5HTML5 HTML5 HTML5 2015 2018 6 30289.9 ARPPU IT IT IT 158
IT 2010 2018 6 30 289.927.9 ARPPU ARPPU 2015 15 2016 20 2017 282018 6 30 33 ARPPU 2015 152016 202017 272018 6 30 34 159
4419 1213 2015 160
(1) 2013 8 2013 9 (2) 2013 9 2013 12 2013 12 (3) 2014 2 2014 4 2014 5 (4) 2014 5 2014 10 2014 11 2015 2 2015 6 2015 6 2015 6 (5) 2015 6 2015 6 2015 10 2016 1 2016 1 2016 4 2017 1 (1) (2) (3) (4) (5) 161
(1) (2) (3) 2013 9 ioshtml5 162
2014 5 ioshtml5 2013 8 ioshtml5 163
2015 6 ioshtml5 2015 6 ios 164
2016 1 ioshtml5 12 31 6 30 2015 2016 2017 2017 2018 % % % % % 114,168 87.9 293,595 86.9 432,034 94.0 208,289 93.0 236,436 89.0 14,348 11.1 42,487 12.6 25,319 5.5 14,546 6.5 6,826 2.6 (1) 1,317 1.0 1,871 0.5 2,371 0.5 1,158 0.5 22,500 8.4 129,833 100.0 337,953 100.0 459,724 100.0 223,993 100.0 265,762 100.0 (1) 165
2018 6 30 20182019 36 7 27 2018 6 30 30 166
167
IP 168
Spark HBase Hadoop 169
ARPPU 170
IP a. 40% 80% 171
b. 10% 20% 2015 201520162017 12 31 2018 6 30 0.6 1.20.90.9 172
VIP VIP 173
ARPPU 2015 152016 202017 27 2018 6 30 34 6 30 12 31 2015 2016 2017 2018 7,574 12,581 22,447 27,879 745 1,443 1,409 1,287 ARPPU 15 20 27 34 129,833 337,953 459,724 265,762 2018 5 2018 562.1 174
ios ios2014 Vivo Oppo 30% 60% 30% 5% 175
5% 5% 2018 5-2015 12 319.6 2018 6 30289.920151.2 20162.220174.8 2018 6 306.0 20157.6 201612.62017 22.4 2018 6 3027.9 12 31 2018 6 30 2015 2016 2017 (1) 1,214 2,218 4,830 5,954 7,574 12,581 22,447 27,879 9,565 94,804 212,564 289,945 1,067 1,947 4,376 4,991 6,374 10,310 18,875 18,516 8,005 75,434 169,358 205,913 143 261 378 275 1,167 2,177 2,709 1,775 1,522 18,537 35,345 39,752 4 10 76 688 33 94 863 7,588 38 833 7,861 44,280 (1) 176
2018 6 30 8 201520162017 12 312018 6 30 22.8% 18.3% 26.0% 23.0%201520162017 12 312018 6 30 60.2% 48.4% 61.0% 67.5% 177
2015 12 31 2018 6 30 (%) 1 A 4 24,402 22.8 2 B 4 19,258 18.0 3 C 4 7,136 6.7 4 D 5 6,926 6.5 5 E 4 6,642 6.2 2016 12 31 2018 6 30 (%) 1 C 4 49,747 18.3 2 B 4 30,140 11.1 3 F 3 22,621 8.3 4 G 3 15,465 5.7 5 H 3 13,643 5.0 178
2017 12 31 2018 6 30 (%) 1 C 4 78,036 26.0 2 B 4 40,026 13.3 3 F 3 35,396 11.8 4 I 5 18,060 6.0 5 G 3 11,851 3.9 2018 6 30 2018 6 30 (%) 1 C 1 4 37,165 23.0 2 F 3 27,037 16.7 3 B 1 4 25,408 15.7 4 I 5 12,501 7.7 5 J 3 7,039 4.4 1. 2018 6 30 179
5% 2018 6 30 2018 6 30 67.5 41.8% 2018 5 2018 6 30 2.00.7%201520162017 12 31 ios Spark HBase Hadoop 180
2018 6 30156 (i) DDOS DDOS(ii) (iii)(iv) 2018 6 30 12 181
23zen-game.com zen-game.cn 19 285 10 182
C. 2. (1)(2) (3) 2018 6 30 924.91.7 3.3%75% 201520162017 12 312018 6 30 7.613.623.6 13.2 1,685 183
1,000 10,000 56(2) 3 34(2) 342(1)(b)2018 6 30 15% 2018 6 30 149 2018 6 30 4 2.7 73 49.0 30 20.1 12 8.1 15 10.1 7 4.7 8 5.3 149 100.0 184
185
ICP ICP 2017 7 31 2021 9 30 90 ICP 2017 8 8 2022 2 24 90 ICP 2017 4 24 2022 4 24 90 2016 4 10 2019 4 9 30 2016 7 11 2019 7 10 30 2016 10 25 2019 10 25 30 2016 7 11 2019 7 10 30 2016 7 28 2019 7 27 30 2016 8 7 2019 8 6 30 186
2016 2016 2016 2016 2017 2017 2017 187
188
[] 2018 79 189
190
[][] Sky-zen Capital J&L Y []% []%Sky-zen Capital(i) (ii)80% 20% J&L Y(i)(ii)80% 20% 2012 8 302015 8 30 2018 10 29 2012 8 30 [] Sky-zen Capital J&L Y30% Sky-zen Capital J&L Y 191
[] (a) (b) (c) (d) (e) [] 192
[][] [] 8.10 (a) (i) (ii) 193
30 (b) 5% (i) (ii) (iii) 30% (a) (b) (c) (d) 194
(e) (f) (g) 14 195
[] 2018 10 27 IP 196
[] 14A.07(1) 14A.07(1) 99% 1% 14A.07(4) 90% 10% 14A.07(4) 70% 14A.07(4) 14A 14A 197
(i) 14A 14A.105(ii)14A.53 (iii)14a.52 3 (a) (b) (d) 14A (e) (c) (i) (ii) (iii) 198
(d) 14A (e) (i) (ii) (iii) (d) 199
14A 14A 3 (i) (ii)(iii) 200
39 2010 2018 10 8 8 28 41 2010 2018 9 1 8 28 44 2018 2018 8 28 8 28 49 2018 2018 8 28 8 28 42 2018 [ ] 2018 [ ] 40 2017 2018 [ ] 9 12 40 2017 2018 [ ] 9 12 201
39 2018 6 1 2018 6 1 38 2017 5 8 2017 5 8 37 2011 5 19 2016 2 17 40 2013 11 1 2013 11 1 392018 8 282018 10 9 (i) (ii) (iii) Zen Interactive Interactive HK 142004 92010 9 700QQ 2001 6 2018 10 10 2009 7 27 202
412018 8 282018 10 9 (i)(ii) (iii) (iv) 20 1998 72003 4 2003 52005 8 UT2005 82010 8 700QQ QQ 1998 7 442018 8 282018 10 9 2002 52004 10 2005 42010 7 2012 8 2015 5 203
492018 8 282018 10 9 2004 62007 9 700 2007 9 (i) 2015 11 839912 (ii) 2017 2 834785 (iii) 2017 3 835471 (iv) 2017 5 835804 2002 12 422018 14 2004 122009 6 2009 62010 12 2011 22013 2 2013 12017 10 2017 10 1998 7 2000 72001 6 402018 204
2001 32004 6 2005 122012 3 2012 3 2014 8 2017 9 2017 9 122018 9 18 2012 12 3 2018 5 23 2011 10 402018 2006 7 2017 3 2017 9 122018 9 18 2001 6 2006 6 205
39 2018 6 172001 7 2004 8 2004 8 2005 7 700 2005 8 2008 2 )2008 2 2011 3A8 8002011 32015 3 434 2015 92016 5 834974 2001 62017 5 382017 5 2005 82012 6 2012 112013 7 2014 12014 9 2014 112015 52016 92017 4 LED 206
2002 6 2005 6 372011 5 2013 7 12 2006 72011 5 700 2003 7 2006 6 402013 11 18 2000 82003 11 2004 12011 5A8 8002011 62013 3 835924 2013 32013 9 797 2011 6 207
53 20 1146 33801789 38 3.288.17 2018 208
2018 2018 2017 12 31 2018 6 30 1.92.6 4.81.0 2017 12 31 2018 6 30 3.27.6 11.73.2 209
3A.19 3A.23 (i) (ii) (iii) [] [] (iv) [][] 13.46 (i) 2018 10 9 (ii) 2018 F. 210
[] [][] XV2 3 10% [] [] (1) Sky-zen Capital 10,320,800 27.16% [] [] (2) 10,320,800 27.16% [] [] (2) 10,320,800 27.16% [] [] (3) 10,320,800 27.16% [] [] J&L Y 8,740,190 23.00% [] [] (4) 8,740,190 23.00% [] [] (4) 8,740,190 23.00% [] [] (5) 8,740,190 23.00% [] [] D Fun 7,655,670 20.15% [] [] (6) 7,655,670 20.15% [] [] (6) 7,655,670 20.15% [] [] (7) 7,655,670 20.15% [] [] Playa 4,210,628 11.08% [] [] (8) 4,210,628 11.08% [] [] (8) 4,210,628 11.08% [] [] 2,899,172 7.63% [] [] (2) 10,320,800 27.16% [] [] (4) 8,740,190 23.00% [] [] (6) 7,655,670 20.15% [] [] (8) 4,210,628 11.08% [] [] (9) 2,899,172 7.63% [] [] 211
(1) [] (2) Sky-zen Capital (i)(ii)80% 20% Sky-zen Capital [] (3) (4) J&L Y (i)(ii)80% 20% J L Y [] (5) (6) D Fun (i)(ii)80% 20% D Fun [] (7) (8) Playa (i)(ii) 80% 20% Playa (9) 212
[] [] [] XV2 3 10% 213
50,000,000,000 [500,000,000] [] [] [] (%) [] [] [] [] [] [] [] [] [] [] [] [] [] [] 214
[] [] [] (%) [] [] [] [] [] [] [] [] [] [] [] [] [] [] 8.08 [ ]%BeFuture[] [] [][]% [] 2018 10 9 F. 1. 215
2018 F. 2. [] (a) [][] []% (b) (a) (b) (c) A. 4. 2018 216
[] [][] 10% (a) (b) (c) A. 4. 2018 217
201520162017 12 31 2017 2017 21.62017 17.3 36 8 201520162017 12 3120172018 6 30 114.2293.6 432.0208.3236.4 87.9% 86.9% 94.0% 93.0% 89.0%2018 5 218
2015 12 31 129.82017 12 31 459.7 2017 6 30224.02018 6 30 267.82015 12 31 25.02017 12 31 66.42017 6 3035.42018 6 30 50.8 2018 8 28 [] [] [] [] 2.1 2.2 219
2015 12 319.62016 12 3194.82017 12 31212.6 2018 6 30289.92015 12 31 1.22016 12 312.2 2017 12 314.82018 6 306.0 (i)(ii) (iii) 2017 12 31 2018 6 30 0.71.41.41.3 ARPPU2015 12 31 15 2016 12 31 202017 12 31 27 2018 6 3034ARPPU 220
2018 5 2018 6 30 2.1 0.8%2018 5 201520162017 12 312018 6 30 98.6% 98.7% 97.3% 98.1%20162017 201621.6%201734.4% 18 2017 5 221
2018 3 56 HTML5 222
2.4 3 (a) 223
(b) (c) (a) 224
15 (i) 225
(ii) 32 (iii) 226
(a) (b) 1212 227
180 (b) (i) 228
(c) 229
28 230
231
12 31 6 30 2015 2016 2017 2017 2018 129,833 337,953 459,724 223,993 267,826 (93,249) (264,903) (301,792) (158,012) (166,487) 36,584 73,050 157,932 65,981 101,339 7,918 2,148 4,518 884 4,588 (3,226) (10,002) (39,247) (12,194) (25,576 (8,589) (9,610) (16,698) (6,012) (10,470) (7,624) (13,562) (23,649) (7,216) (13,208) (73) (879) (6,566) (851) (398) (19) (824) (433) (128) (243) (515) (461) (9) (490) (888) (452) 24,981 40,393 74,063 39,246 56,147 41 18 (7,667) (3,877) (5,386) 25,022 40,411 66,396 35,369 50,761 20,918 61,701 (32,202) (18,229) 5,322 45,940 102,112 34,194 17,140 56,083 232
12 31 6 30 2015 2016 2017 2017 2018 % % % % % 129,246 99.5 336,803 99.7 458,779 99.8 223,471 99.8 264,821 98.9 587 0.5 1,150 0.3 945 0.2 522 0.2 941 0.3 129,833 100.0 337,953 100.0 459,724 100.0 223,993 100.0 265,762 99.2 2,064 0.8 129,833 100.0 337,953 100.0 459,724 100.0 223,993 100.0 267,826 100.0 233
201520162017 2017 2018 6 30114.2 293.6432.0208.3236.4 87.9% 86.9% 94.0% 93.0% 89.0% 12 31 6 30 2015 2016 2017 2017 2018 % % % % % 114,168 87.9 293,595 86.9 432,034 94.0 208,289 93.0 236,436 89.0 14,348 11.1 42,487 12.6 25,319 5.5 14,546 6.5 6,826 2.6 (1) 1,317 1.0 1,871 0.5 2,371 0.5 1,158 0.5 22,500 8.4 129,833 100.0 337,953 100.0 459,724 100.0 223,993 100.0 265,762 100.0 (1) 201520162017 20172018 6 3096.6% 89.9% 50.4% 58.7% 48.5% 3.4% 10.1% 49.6% 41.3% 51.5% 234
12 31 6 30 2015 2016 2017 2017 2018 % % % % % 125,457 96.6 303,861 89.9 231,594 50.4 131,536 58.7 128,976 48.5 4,376 3.4 34,092 10.1 228,130 49.6 92,457 41.3 136,786 51.5 129,833 100.0 337,953 100.0 459,724 100.0 223,993 100.0 265,762 100.0 12 31 6 30 2015 2016 2017 2017 2018 % % % % % 49,623 53.2 144,723 54.6 102,880 34.1 61,636 39.0 56,538 34.0 42,294 45.4 116,943 44.1 190,605 63.2 92,444 58.5 106,713 64.1 (1) 1,332 1.4 3,237 1.3 8,307 2.7 3,932 2.5 3,236 1.9 93,249 100.0 264,903 100.0 301,792 100.0 158,012 100.0 166,487 100.0 (1) 235
2015 2016 30% 5% iosios App Store 40% 70% 201520162017 20172018 6 30 36.673.1157.966.0 101.328.2% 21.6% 34.4% 29.5% 37.8% 12 31 6 30 2015 2016 2017 2017 2018 % % % % % 33,654 26.8 55,966 18.4 44,007 19.0 21,847 16.6 29,833 23.1 2,930 67.0 17,084 50.1 113,925 49.9 44,134 47.7 69,442 50.8 36,584 28.2 73,050 21.6 157,932 34.4 65,981 29.5 99,275 (1) 37.4 (1) 2.1 236
(i) (ii)(iii) (iv)(v) 12 31 6 30 2015 2016 2017 2017 2018 7,266 300 513 2,774 449 3,746 140 795 269 1,298 1,483 324 26 23 92 46 45 57 314 29 65 2 7,918 2,148 4,518 884 4,588 237
(i)uc (ii) (iii) 12 31 6 30 2015 2016 2017 2017 2018 % % % % % 1,391 43.1 3,416 34.2 28,675 73.1 7,892 64.7 19,614 76.7 (1) 1,835 56.9 4,005 40.0 7,235 18.4 2,634 21.6 4,954 19.4 2,581 25.8 3,337 8.5 1,668 13.7 1,008 3.9 3,226 100.0 10,002 100.0 39,247 100.0 12,194 100.0 25,576 100.0 (1) (i)(ii) (iii) (iv) (v)(vi) (vii) 238
12 31 6 30 2015 2016 2017 2017 2018 % % % % % (1) 3,876 45.1 5,480 57.0 9,781 58.7 2,532 42.2 5,658 54.0 1,471 17.1 1,436 14.9 2,310 13.8 1,016 16.9 1,228 11.7 693 8.1 891 9.3 1,684 10.1 920 15.3 864 8.3 1,911 22.2 390 4.1 1,160 6.9 560 9.3 556 5.3 152 1.8 296 3.1 269 1.6 104 1.7 126 1.2 338 3.5 422 2.5 211 3.5 1,440 13.8 (2) 486 5.7 779 8.1 1,072 6.4 669 11.1 598 5.7 8,589 100.0 9,610 100.0 16,698 100.0 6,012 100.0 10,470 100.0 (1) (2) (i)(ii) (iii) (iv)(v) IT 12 31 6 30 2015 2016 2017 2017 2018 % % % % % (1) 7,438 97.6 10,868 80.1 18,603 78.8 5,866 81.2 11,889 90.0 141 1.8 861 6.3 195 0.8 251 3.5 283 2.1 45 0.6 239 1.8 2,562 10.8 76 0.6 1,594 11.8 2,115 8.9 1,058 14.7 763 5.8 (2) 174 0.7 41 0.6 197 1.5 7,624 100.0 13,562 100.0 23,649 100.0 7,216 100.0 13,208 100.0 239
(1) (2) (i)(ii) (iii) (iv)(v) 12 31 6 30 2015 2016 2017 2017 2018 1,328 15 2,900 338 612 836 1,314 817 347 72 1 70 32 23 1 42 4 2 13 73 879 6,566 851 398 201520162017 20172018 6 3019,000 0.80.40.1 240
20152016 201720172018 6 300.2 0.50.5 50%2017 11 15 20152016 2017 20172018 6 309,000 0.50.90.5 2015 71.0 23.53%2016 9 2.035% 14 16.5% 25% 241
2015 50% 2015201620172019 12.5% 20172017 2018 6 30 10% 2008 1 12016 12 31150%2017 1 12019 12 31175% 2016 12 31 41,000 18,0002017 12 31 20172018 6 307.7 3.95.4 20152016 12 31 (0.2)% (0.04)% 201520152016 2017 12 312018 6 30 10.4% 9.6%2016 2017 12 312018 6 30 10% 242
2018 6 302017 6 30 2017 6 30 224.0 19.6% 43.82018 6 30 267.8 (i)2018 2 21.3 (ii)2018 6 30ARPPU 28.1 2017 6 30 158.0 5.4% 8.52018 6 30 166.5 14.3 5.1 2017 6 30 66.0 53.5%35.32018 6 30 101.3 2017 6 3029.5%2018 6 30 37.8% 2017 6 30 0.9 411.1%3.72018 6 30 4.6 3.3 243
2017 6 30 12.2 109.8%13.42018 6 30 25.6 11.7 2017 6 30 6.0 75.0% 4.52018 6 30 10.5 3.2 2017 6 30 7.2 83.3% 6.02018 6 30 13.2 (i)(ii)6.0 2017 6 30 0.9 55.6% 0.52018 6 30 0.4 0.52017 6 30 2018 6 30 2017 6 30 39.2 43.1%16.92018 6 30 56.1 2017 6 30 3.9 38.5% 1.52018 6 30 5.4 2017 6 30 2018 6 309.9% 9.6% 244
2017 6 30 35.4 43.5%15.42018 6 30 50.8 2017 6 3015.8% 2018 6 30 19.0% 2017 12 312016 12 31 2016 338.0 36.0%121.7 2017 459.7 2017 138.4 (i)(ii) ARPPU17.2 2016 264.9 13.9%36.9 2017 301.873.7 41.8 2016 73.1 116.0% 84.82017 157.9201621.6% 201734.4% 2016 2.1 114.3%2.4 2017 4.5 2.3 245
2016 10.0 292.0%29.2 2017 39.2 25.3 2016 9.6 74.0%7.1 2017 16.7 (i) 4.3(ii)2017 0.9 2016 13.6 73.5%10.0 2017 23.6(i) (ii)7.7 2016 0.9 633.3%5.7 2017 6.6 (i) 2017 1.3 (ii)2017 2.9 2016 40.4 83.4% 33.72017 74.1 201618,000 2016 20177.7 20162017 (0.04)% 10.4%2017 25%10% 246
2016 40.4 64.4% 26.02017 66.4201612.0% 201714.4% 2016 12 312015 12 31 2015 129.8 160.4%208.2 2016 338.0179.4 (i) (ii) ARPPU 2015 93.2 184.2%171.7 2016 264.9 (i)74.6 (ii)95.1 2016 2015 36.6 99.7% 36.52016 73.1201528.2%2016 21.6% 2016 2015 7.9 73.4%5.8 2016 2.12015 7.3 2016 1.0 2015 3.2 212.5%6.8 2016 10.0(i) 2.0(ii) 2.2 247
2015 8.6 11.6%1.0 2016 9.6 (i) 1.6ii1.5 2015 7.6 78.9%6.0 2016 13.6 20152016 3.42016 2015 0.1 800.0%0.8 2016 0.90.8 2015 25.0 61.6% 15.42016 40.4 2015201641,000 18,000 2015 20152016 12 31(0.2)% (0.04)% 2015 25.0 61.6% 15.42016 40.4201519.3% 201612.0% 248
[] 12 31 6 30 2015 2016 2017 2017 2018 (1,949) 12,918 101,159 26,373 54,325 (12,449) 2,538 (128,519) (1,896) (60,210) 15,000 (8,019) 26,776 (12,593) 9,872 602 7,437 (584) 11,884 3,987 1,837 2,490 10,060 10,060 9,342 51 133 (134) (886) 4 2,490 10,060 9,342 21,058 13,333 249
2018 6 30 54.3 56.1 3.70.4 3.256.1 3.1 (i) 9.9(ii) 2.6 (iii) 1.9(i)3.3 (ii) 5.5 (iii)2.8 2018 6 304.9 2017 12 31101.1 74.1 0.8 2.8 1.40.6 0.5 2.9 5.985.0 23.0 (i) 23.6 (ii) 12.3(i) 6.4(ii)3.3 (iii) 4.52017 12 31 6.8 2016 12 3112.9 40.4 4.50.3 45.432.5 (i) 58.0 (ii) 13.5 (i)12.6(ii) 19.1 (iii)8.0 2015 12 311.9 25.0 7.3 0.117.5 19.4 (i) 30.5 (ii) 6.8(i) 13.1 (ii) 8.4 250
2018 6 30 60.2 62.2 3.7 2017 12 31128.5 130.0 2.8 2016 12 312.5 5.8 (i)1.1(ii) 0.9 (iii)1.0 2015 12 3112.4 (i)22.1 (ii) 9.9(i) 7.3 (ii)14.5 2018 6 309.9 17.6(i) 7.6 (ii)0.1 2017 12 3126.8 (i) 15.7 (ii) 48.0 (i) 16.1 (ii)20.0 251
2016 12 318.0 16.08.0 2015 12 3115.0 15.0 12 31 2018 2018 2015 2016 2017 6 30 8 31 35,301 93,262 68,299 58,368 71,803 8,357 21,830 26,326 23,762 24,117 25,735 19,896 149,878 212,037 178,063 774 818 7,263 5,407 13,642 269 1,022 403 52,800 2,490 10,060 9,342 13,333 5,536 72,926 146,888 261,511 312,907 345,961 14,483 27,080 23,816 20,532 29,159 10,807 29,954 42,278 36,774 38,066 5,679 13,656 18,141 15,309 17,083 8,000 7,600 17,600 18,000 1,484 1,971 2,382 30,969 78,690 93,319 92,186 104,690 41,957 68,198 168,192 220,721 241,271 252
201520162017 12 312018 6 302018 8 31 72.9146.9261.5 312.9346.0 201520162017 12 312018 6 302018 8 31 31.078.7 93.392.2104.7 2018 6 30 220.720.6 2018 8 31 241.3 (i)13.4 (ii)52.8 (i) 34.0 (ii)8.6 2017 12 31 168.252.5 2018 6 30 220.7 62.1(i)10.0 (ii) 9.9 2016 12 31 68.2100.0 2017 12 31 168.2 (i) 130.0 (ii)6.5 (i)25.0(ii) 12.3 (iii)4.4 2015 12 31 42.026.2 2016 12 31 68.2 (i)58.0 (ii) 13.4 (iii) 7.6 (i)5.8(ii) 12.6(iii) 19.2(iv) 8.0(v)8.0 253
[][] 12 12 31 2018 2015 2016 2017 6 30 103,061 58,086 64,668 286 2,560 3,069 20,255 20,255 103,347 60,646 67,737 2016 5 18 3.2889% 5,803,941 22,693,000 20162017 12 312018 6 30 103,061,000 58,086,000 64,668,000 254
12 31 2018 2015 2016 2017 6 30 23,467 82,093 (42,701) 7,091 (2,597) (20,524) 10,676 (1,773) 20,870 61,569 (32,025) 5,318 201520162017 12 312018 6 30 35.393.368.3 58.4 2015 12 31 35.358.0 164.3% 2016 12 31 93.3 25.026.8% 2017 12 31 68.3 9.914.5% 2018 6 30 58.4 255
12 31 2015 2016 2017 2018 6 30 35,301 93,262 69,627 59,712 (1,328) (1,344) 35,301 93,262 68,299 58,368 9 9 201520162017 12 312018 6 30 1.31.3 2018 6 30 43,995 1.40% 616 15,717 4.63% 728 59,712 1,344 2017 12 31 53,086 1.00% 531 16,541 4.81% 797 69,627 1,328 256
2016 12 31 82,884 10,378 93,262 2015 12 31 34,701 600 35,301 257
90 12 31 2015 2016 2017 2018 6 30 90 25,189 31,599 36,345 37,834 90180 6,240 25,686 7,202 3,557 1811 3,272 25,599 9,539 2,604 1 2 600 10,378 15,213 14,373 35,301 93,262 68,299 58,368 2018 6 30 43.173.8%2018 6 30 75.1% 12 31 2015 2016 2017 2018 6 30 56 70 64 43 201520162017 12 312018 6 30 56706443 258
2015 20162017 12 312018 6 30 25.719.9149.9212.0 12 31 6 30 2015 2016 2017 2018 3,000 3,000 4,000 4,000 205 9 5,187 2,806 297 347 538 737 272 462 1,538 1,864 774 818 7,263 5,407 259
20152016 12 313.03.0 2016 12 31 3.01.0 33.3%2017 12 31 4.02017 12 31 2018 6 30 4.0 20152016 12 312017 12 315.2 2017 12 31 5.22.446.2%2018 6 30 2.8 201520162017 12 312018 6 30 0.31.00.4 2017 12 31 2018 6 30 180 260
201520162017 12 312018 6 30 14.527.123.820.5 2015 12 31 14.512.6 86.9%2016 12 31 27.1 2016 12 31 27.1 3.312.2%2017 12 31 23.8 3.313.9%2018 6 30 20.5 12 31 2015 2016 2017 2018 6 30 3 12,516 12,487 11,764 9,496 3 6 1,866 9,366 6,357 7,286 61 101 5,058 4,807 2,064 1 2 169 888 1,686 14,483 27,080 23,816 20,532 12 31 2015 2016 2017 2018 6 30 31 29 31 24 2017 12 31 2018 6 30 31293124 2018 6 30 14.671.2% 261
12 31 6 30 2015 2016 2017 2018 4,369 6,773 13,686 12,768 1,148 6,477 4,353 2,227 162 406 102 314 5,679 13,656 18,141 15,309 2015 12 31 5.7 8.0140.4% 2016 12 31 13.7 5.32016 12 31 13.74.432.1% 2017 12 31 18.1 6.9 2.1 2017 12 312017 12 31 18.12.815.5% 2018 6 30 15.3 2018 6 30 262
201520162017 12 31 2018 6 3010.830.0 42.336.8 2015 12 31 10.819.2 177.8%2016 12 31 30.0 12.3 41.0%2017 12 31 42.3 20162017 2017 12 31 42.35.5 13.0%2018 6 30 36.82018 2017 201520162017 12 312018 6 30 8.421.826.3 23.8 2018 8 312018 6 30 2018 8 312018 6 30 2018 8 31 201520162017 12 312018 6 302018 8 31 12 31 2018 2018 2015 2016 2017 6 30 8 31 8,000 7,600 17,600 18,000 263
12 31 2018 2018 2015 2016 2017 6 30 8 31 % % % % % 5.22 5.22 4.35 4.92 4.35 4.92 20162017 12 31 2018 6 308 31(i) (ii) [] 2018 8 31 18.0 27.02018 6 30 2018 8 31 264
32 2017 12 31 2018 6 300.1 1.10.81.8 2018 7 1 [][] 12 265
201520162017 12 312018 6 30 12 31 2018 2015 2016 2017 6 30 961 1,181 2,152 1,989 2,224 2,164 175 961 3,405 4,316 2,164 201520162017 12 312018 6 30 12 31 12 31 6 30 6 30 2015 2016 2017 2018 (1) (%) 39.3 26.2 29.9 36.3 (2) (%) 25.7 15.8 20.3 26.4 (3) 2.4 1.9 2.8 3.4 (4) (%) 5.2 3.4 6.2 (5) (%) 1.5 (6) 2,126.9 90.9 439.6 266
(1) 2017 12 31 2018 6 30 365/181 (2) 2017 12 31 2018 6 30 365/181 (3) (4) (5) (6) 2017 12 31 2018 6 30 39.3% 26.2% 29.9% 36.3%2016 12 31 (i) (ii) 2017 12 312018 6 30 2017 12 31 2018 6 30 25.7% 15.8% 20.3% 26.4% 2017 12 31 2018 6 30 201520162017 12 312018 6 30 2.4 1.9 2.8 3.42016 12 31 2017 12 31 2018 6 30 267
2015 12 31 20162017 12 312018 6 30 5.2% 3.4% 6.2%2016 12 31 8.02017 12 31 2018 6 302018 6 3017.6 7.6 201520162017 12 31 2018 6 301.5% 2015 12 31 20162017 12 31 2018 6 30 2,126.990.9439.62016 20172016 2018 6 30 2016 2018 35 268
201520162017 12 312018 6 30 63.4% 56.7% 53.7% 53.1% 9 201520162017 12 31 2018 6 30 201520162017 12 312018 6 30 19.042.645.2 51.9 2015 12 31 19.0 (i) 14.5 (ii) 4.5 2016 12 31 42.6 (i) 27.1(ii) 7.2 (iii) 8.4 2017 12 31 45.2 (i) 23.8(ii) 13.8 (iii) 7.6 269
2018 6 30 51.9 (i) 20.5(ii) 13.1 (iii) 18.3 10% 20162017 12 31 16.020.0 2018 978.0 2018 8 28 2018 6 30 270
[] [][] [] [][] [] [][][] [][] [][][] [] [] [][] 2018 12 31 [] [] 2018 12 312018 [] 2017 12 312018 12 31 2018 978.0 4.29 7 []2018 6 30 2018 6 30 []2018 6 30 2018 6 30 271
2018 6 30 [] [] 1 2 3 4 [] [] [] [] [] [] [] [] [] [] [] [] [] [] (1) 2018 6 30 2018 6 30 281.72018 6 300.1 (2) [][] [][][] [] [][] []1.00.88 (3) [][] [] (4) 1.00.88 []2018 12 31 2018 6 30 2018 6 30 272
13.13 13.19 13.13 13.19 273
[ ] [] [] [][] [][][][] [][][] [][][][] [][][][] [][][][] [][][] [][] [][] [][][] [][]%[] [][]%[] 20192021 100 400,000 1.0 274
[ ] [][]%[] 20192021 20 30 500,000 [][]%[] 30 50 150,000 1.0 [][]%[] 20192021 3.010.0 [][]%[] [][]%[] [][] [][] [] [] [][] 275
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1 22 Zengame Technology Holding Limited I-[ ] I-[ ] 201520162017 12 31 2018 6 30 201520162017 12 312018 6 30 I-[ ] I-[ ] [] 2.1 2.2 I-1
200 2.1 2.2 2.1 2.2 20152016 2017 12 312018 6 30 2017 6 30 2.1 2.2 I-2
2410 2.1 2.2 [] I-[ ] 11 Zengame Technology Holding Limited I-3
I. 12 31 6 30 2015 2016 2017 2017 2018 5 129,833 337,953 459,724 223,993 267,826 (93,249) (264,903) (301,792) (158,012) (166,487) 36,584 73,050 157,932 65,981 101,339 5 7,918 2,148 4,518 884 4,588 (3,226) (10,002) (39,247) (12,194) (25,576) (8,589) (9,610) (16,698) (6,012) (10,470) (7,624) (13,562) (23,649) (7,216) (13,208) (73) (879) (6,566) (851) (398) 7 (19) (824) (433) (128) (243) (515) (461) (9) (490) (888) (452) 6 24,981 40,393 74,063 39,246 56,147 10 41 18 (7,667) (3,877) (5,386) 25,022 40,411 66,396 35,369 50,761 I-4
12 31 6 30 2015 2016 2017 2017 2018 25,022 40,411 66,396 35,369 50,761 48 132 (177) (116) 4 48 132 (177) (116) 4 16 20,870 61,569 (32,025) (18,113) 5,318 20,918 61,701 (32,202) (18,229) 5,322 45,940 102,112 34,194 17,140 56,083 45,946 102,112 34,194 17,140 56,083 (6) 12 I-5
12 31 6 30 2015 2016 2017 2018 13 231 1,032 1,345 2,804 14 828 1,268 15 557 16 20,255 103,347 60,646 67,737 20 3,000 3,000 4,000 4,000 26 178 82 71 24,314 109,382 66,073 74,612 17 35,301 93,262 68,299 58,368 18 8,357 21,830 26,326 23,762 19 25,735 19,896 149,878 212,037 20 774 818 7,263 5,407 32 269 1,022 403 21 2,490 10,060 9,342 13,333 72,926 146,888 261,511 312,907 22 14,483 27,080 23,816 20,532 23 10,807 29,954 42,278 36,774 24 5,679 13,656 18,141 15,309 25 8,000 7,600 17,600 1,484 1,971 30,969 78,690 93,319 92,186 41,957 68,198 168,192 220,721 66,271 177,580 234,265 295,333 26 2,556 23,240 11,857 13,631 2,556 23,240 11,857 13,631 63,715 154,340 222,408 281,702 27 28/29 63,715 154,340 222,408 281,702 63,715 154,340 222,408 281,702 I-6
27 29 29 28 29 29 2015 1 1 11,587 (5) (6,694) (526) 4,362 25,016 6 25,022 20,870 20,870 48 48 20,870 48 25,016 6 45,940 29 (1,587) (1,587) 29 (520) 520 15,000 15,000 (13,079) 13,079 26,200 (26,200) 2,676 (2,676) 2015 12 31 2016 1 1 51,200 * 2,676 * * 7,791 * 43 * 2,005 * 63,715 40,411 40,411 61,569 61,569 132 132 61,569 132 40,411 102,112 4,256 (4,256) 16 (22,693) 22,693 28 4,513 4,513 11 (16,000) (16,000) 2016 12 31 2017 1 1 51,200 * 6,932 * 4,513 * 46,667 * 175 * 44,853 * 153,340 I-7
27 29 29 28 29 29 66,396 66,396 (32,025) (32,025) (177) (177) (32,025) (177) 66,396 34,194 48,000 48,000 11 (20,000) (20,000) 7,499 (7,499) 28 5,874 5,874 2017 12 31 2018 1 1 99,200 * 14,431 * 10,387 * 14,642 * (2) * 83,750 * 222,408 27 29 29 28 29 29 2017 12 31 2018 1 1 99,200 14,431 10,387 14,642 (2) 83,750 222,408 50,761 50,761 5,318 5,318 4 4 5,318 4 50,761 56,083 5,234 (5,234) 28 3,211 3,211 2018 6 30 99,200 * 19,665 * 13,598 * 19,960 * 2 * 129,277 281,702 I-8
27 29 29 28 29 29 2017 1 1 51,200 6,932 4,513 46,667 175 44,853 154,340 35,369 35,369 (18,113) (18,113) (116) (116) (18,113) (116) 35,369 17,140 (20,000) (20,000) 3,424 (3,424) 28 2,937 2,937 2017 6 30 51,200 10,356 7,450 28,554 59 56,798 154,417 * 201520162017 12 312018 6 30 63,715,000 154,340,000 222,408,000 281,702,000 I-9
12 31 6 30 2015 2016 2017 2017 2018 24,981 40,393 74,063 39,246 56,147 7 19 824 433 128 5 (7,266) 5 (26) (23) (92) (46) (45) 5 (300) (513) (2,774) (449) (3,746) 9 733 1,403 913 612 6 124 306 518 205 383 6 4,513 5,874 2,937 3,211 6 1,328 16 6 2,900 6 338 17,522 45,428 84,994 43,239 56,094 (30,538) (57,961) 23,635 (17,103) 9,915 (6,807) (13,473) (4,496) (1,329) 2,564 1,112 (44) (6,445) (12,789) 1,856 (3,000) (1,000) 3,000 (269) (753) (2,281) 1,022 403 13,124 12,597 (3,264) 4,352 (3,284) 8,403 19,147 12,324 6,427 (5,504) (1,496) 7,977 4,485 (264) (2,832) (1,949) 12,918 107,952 26,555 59,212 (6,793) (182) (4,887) (1,949) 12,918 101,159 26,373 54,325 I-10
12 31 6 30 2015 2016 2017 2017 2018 7,266 26 23 92 46 45 300 513 2,774 449 3,746 13 (145) (1,106) (833) (275) (1,842) (2) 230 (1,587) 14 (838) (929) 15 (800) (800) 34 (9,867) (1,000) 34 14,531 (22,135) 5,839 (129,982) (2,116) (62,159) (12,449) 2,538 (128,519) (1,896) (60,210) 30 8,000 15,737 15,737 17,600 30 (16,137) (7,897) (7,600) 30 (19) (824) (433) (128) 30 (16,000) (20,000) (20,000) 15,000 48,000 15,000 (8,019) 26,776 (12,593) 9,872 602 7,437 (584) 11,884 3,987 1,837 2,490 10,060 10,060 9,342 51 133 (134) (886) 4 2,490 10,060 9,342 21,058 13,333 21 2,490 10,060 9,342 21,058 13,333 21 2,490 10,060 9,342 21,058 13,333 I-11
II. 1. 2018 8 28 P.O. Box 2075, #31 The Strand, 46 Canal Point Drive Grand Cayman, KY1-1105, Cayman Islands [] Zengame Interactive Limited (a) 2018 8 31 50,000 100 Zengame Interactive Limited (a) 2018 9 13 10 100 (a) 2018 9 29 50,000,000 100 (b)(c) 2010 7 20 54,000,000 100 (a)(b) 2014 9 15 50,000,000 100 (a)(b) 2011 11 30 3,800,000 100 (a)(b) 2015 6 29 500,000 100 I-12
(a)(b) 2015 6 4 500,000 100 (a)(b) 2016 8 9 1,000,000 100 (d) 2014 2 26 2,000,000 100 (e) 2015 5 21 10,000,000 100 (a) 2018 (b) (c) 201520162017 12 31 (d) 2014 2 262015 6 30 20162017 6 30 (e) 2015 5 212016 11 30 2.1 2018 10 27 I-13
2.2 2018 1 1 15 2018 1 1 15 92018 1 1 9 2.3 16 1 17 2 1 23 9 1 10 28 2011 3 19 1 28 1 20152017 311 12 23 1 1 2019 1 1 2 2021 1 1 3 2016 5 1617 4 15 27 I-14
40 16 17 17 1617 2019 1 1 16 16 31 2018 6 30 2,164,000 16 2017 723 12 12 (i)(ii) (iii) (iv) 2019 1 1 10 28 2011 10 28 2011 2016 110 28 2011 28 2018 19 9 928 28 2019 1 12019 1 1 I-15
2.4 (a) (b) (c) 2018 10 27 20% 5 I-16
I-17
I-18 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 25% 20-33%
(a) 15 (i) I-19
(ii) 32 (iii) (a) (b) I-20
1212 180 (b) I-21
(i) (c) I-22
I-23
(a) (b) (c) I-24
28 I-25
3. I-26
2.1 (i) (ii) (iii)(iv) (v) I-27
20 17 28 [ ] 34 4. 8 10% I-28
5. 12 31 6 30 2015 2016 2017 2017 2018 129,246 336,803 458,779 223,471 264,821 587 1,150 945 522 941 2,064 129,833 337,953 459,724 223,993 267,826 7,266 26 23 92 46 45 300 513 2,774 449 3,746 * 140 795 269 1,298 1,483 324 57 314 29 65 2 7,918 2,148 4,518 884 4,588 * I-29
6. 12 31 6 30 2015 2016 2017 2017 2018 91,917 261,666 293,485 154,080 163,251 3,226 10,002 39,247 12,194 25,576 8: 11,873 17,948 32,906 10,374 20,793 356 726 1,230 591 701 28 4,513 5,874 2,937 3,211 13 124 306 518 205 383 7,624 13,562 23,649 7,216 13,208 1,203 1,145 1,874 846 1,032 * 17 1,328 16 * 32 2,900 * 14 338 * 7. 12 31 6 30 2015 2016 2017 2017 2018 19 824 433 128 I-30
8. 2018 20182018 2018 9 12 31 6 30 2015 2016 2017 2017 2018 1,894 2,542 4,786 886 960 40 46 50 24 26 1,934 2,588 4,836 910 986 (a) 2015 12 31 947 20 967 947 20 967 1,894 40 1,934 I-31
2016 12 31 1,271 23 1,294 1,271 23 1,294 2,542 46 2,588 2017 12 31 2,375 25 2,400 2,375 25 2,400 18 18 18 18 4,786 50 4,836 I-32
2017 6 30 443 12 455 443 12 455 886 24 910 2018 6 30 450 13 463 450 13 463 30 30 30 30 960 26 986 2018 4 I-33
9. 201520162017 12 3120172018 6 30 22222 8 201520162017 12 3120172018 6 303333 3 12 31 6 30 2015 2016 2017 2017 2018 1,273 1,798 2,856 756 1,017 3,136 4,020 2,010 1,187 16 37 41 19 22 1,289 4,971 6,917 2,785 2,226 12 31 6 30 2015 2016 2017 2017 2018 1,000,000 3 2 1 1,000,0011,500,000 1 1 2 1,500,0012,000,000 1 2,000,0012,500,000 1 1 2,500,0013,000,000 1 3,000,0013,500,000 1 10. I-34
2015 50%20152016 20172019 12.5% 2016 11 2017 12 3110% 2017 12 3110% 25% 16.5% 12 31 6 30 2015 2016 2017 2017 2018 * 8,288 3,811 5,374 26 (41) (18) (611) 66 12 (41) (18) 7,667 3,877 5,386 * 25% 12 31 6 30 2015 2016 2017 2017 2018 % % % % % 24,981 40,393 74,063 39,246 56,147 6,245 25.0 10,098 25.0 18,516 25.0 9,812 25.0 14,037 25.0 (6,476) (25.9) (10,485) (26.0) (12,228) (16.5) (6,265) (16.0) (8,640) (15.4) a (886) (1.2) (306) (0.8) (770) (1.4) 761 1.0 316 0.8 382 0.7 2 (0.0) 190 0.7 367 1.0 1,504 2.0 320 0.8 377 0.7 (41) (0.2) (18) (0.0) 7,667 10.4 3,877 9.8 5,386 9.6 I-35
10% 2008 1 1 2007 12 31 10% 2008 1 1 201520162017 12 312018 6 30 2016 2017 12 312018 6 30 7,542,000 52,483,000 99,524,000 146,181,000 (a) 2008 1 12016 12 31150%2017 1 12019 12 31 175% 201520162017 12 312018 6 30 1,457,000 2,186,000 8,534,000 1,257,000 12 31 6 30 2015 2016 2017 2018 2020 12 31 1,457 1,457 1,457 1,457 2021 12 31 2,186 2,186 2,186 2022 12 31 8,534 8,534 2023 6 30 1,257 1,457 3,643 12,177 13,434 11. 2018 10 27 20162017 12 31 16,000,000 20,000,000 12. I-36
13. 2015 12 31 2015 1 1 536 536 (326) (326) 210 210 2015 1 1 210 210 145 145 6 (124) (124) 2015 12 31 231 231 2015 12 31 681 681 (450) (450) 231 231 2016 12 31 2016 1 1 681 681 (450) (450) 231 231 2016 1 1 231 231 137 969 1,106 (2) (2) 6 (133) (173) (306) 3 3 2016 12 31 236 796 1,032 2016 12 31 819 969 1,788 (583) (173) (756) 236 796 1,032 I-37
2017 12 31 2017 1 1 819 969 1,788 (583) (173) (756) 236 796 1,032 2017 1 1 236 796 1,032 417 416 833 6 (199) (230) (89) (518) (2) (2) 2017 12 31 452 566 327 1,345 2017 12 31 1,230 969 415 2,614 (778) (403) (88) (1,269) 452 566 327 1,345 2018 6 30 2018 1 1 1,230 969 415 2,614 (778) (403) (88) (1,269) 452 566 327 1,345 2018 1 1 452 566 327 1,345 388 1,454 1,842 6 (133) (174) (76) (383) 2018 6 30 707 1,846 251 2,804 2018 630 1,618 2,423 415 4,456 (911) (577) (164) (1,652) 707 1,846 251 2,804 I-38
14. 12 31 6 30 2015 2016 2017 2018 828 1,268 338 338 338 338 828 1,268 * 2,000,000 35% * 20151,000,00023.53% 2016 1,000,000 23.53%35% ** 30% 2017 12 31338,000 12 31 6 30 2015 2016 2017 2018 (9) (490) (888) (9) (490) (888) 828 1,268 I-39
15. 12 31 6 30 2015 2016 2017 2018 557 557 * 1,600,000 50% * 2016800,00050%2017 11 8 230,000 12 31 6 30 2015 2016 2017 2018 (243) (515) (243) (515) 557 I-40
16. 12 31 6 30 2015 2016 2017 2018 103,061 58,086 64,668 286 2,560 3,069 20,255 20,255 103,347 60,646 67,737 201520162017 12 312018 6 30 12 31 6 30 2015 2016 2017 2018 23,467 82,093 (42,701) 7,091 (2,597) (20,524) 10,676 (1,773) 20,870 61,569 (32,025) 5,318 3% 7% * 2016 5 183.2889%5,803,941 22,693,000 20162017 12 312018 6 30103,061,000 58,086,000 64,668,000 I-41
17. 12 31 6 30 2015 2016 2017 2018 35,301 93,262 69,627 59,712 (1,328) (1,344) 35,301 93,262 68,299 58,368 90 12 31 6 30 2015 2016 2017 2018 90 25,189 31,599 36,345 37,834 90180 6,240 25,686 7,202 3,557 1811 3,272 25,599 9,539 2,604 12 600 10,378 15,213 14,373 35,301 93,262 68,299 58,368 9 2015 12 31 1 34,701 1 2 600 35,301 - I-42
2016 12 31 1 82,884 1 2 10,378 93,262-2017 12 31 1 53,086 1.00% 531 1 2 16,541 4.81% 797 69,627 1,328 2018 6 30 1 43,995 1.40% 616 1 2 15,717 4.63% 728 59,712 1,344 12 31 6 30 2015 2016 2017 2018 (1,328) 6 (1,328) (16) (1,328) (1,344) 18. 8,357,000 21,830,000 26,326,00023,762,000 I-43
91,917,000 261,666,000 293,485,000 163,251,000 19. 12 31 6 30 2015 2016 2017 2018 25,735 19,896 149,878 212,037 25,735 19,896 149,878 212,037 201520162017 12 312018 6 30 3.09% 4.22% 3.71% 4.44% 4.36% 5.14% 3.33% 5.50% 2 20. 12 31 6 30 2015 2016 2017 2018 3,000 3,000 4,000 4,000 451 470 3,795 4,351 323 348 3,468 1,056 774 818 7,263 5,407 12 I-44
21. 12 31 6 30 2015 2016 2017 2018 2,490 10,060 9,342 13,333 1,825 8,107 6,013 10,810 390 1,279 2,190 1,623 275 674 1,139 900 201520162017 12 312018 6 30 1,825,000 8,107,000 6,013,00010,810,000 22. 12 31 6 30 2015 2016 2017 2018 3 12,516 12,487 11,764 9,496 3 6 1,866 9,366 6,357 7,286 61 101 5,058 4,807 2,064 1 2 169 888 1,686 14,483 27,080 23,816 20,532 180 23. 201520162017 12 312018 6 30 12 31 6 30 2015 2016 2017 2018 10,807 29,954 42,278 36,774 I-45
(1) 12 31 6 30 2015 2016 2017 2017 2018 2,184 10,807 29,954 29,954 42,278 (2) 12 31 6 30 2015 2016 2017 2018 10,807 29,954 42,278 36,774 24. 12 31 6 30 2015 2016 2017 2018 4,369 6,773 13,686 12,768 1,148 6,477 4,353 2,227 162 406 102 314 5,679 13,656 18,141 15,309 I-46
25. 2016 12 31 (%) 5.22 2017 8,000 2017 1 31 2017 12 31 (%) 5.22 2018 7,600 2018 1 31 2018 6 30 (%) 4.35 4.92 2019 17,600 26. 12 31 6 30 2015 2016 2017 2018 1 1 (2,556) (23,062) (11,775) 10 41 18 611 (12) (2,597) (20,524) 10,676 (1,773) 12 316 30 (2,556) (23,062) (11,775) (13,560) I-47
12 31 6 30 2015 2016 2017 2018 10 41 61 207 124 178 10 523 652 41 239 730 776 2,597 23,299 12,444 14,217 10 2 61 119 2,597 23,301 12,505 14,336 (2,556) (23,062) (11,775) (13,560) 12 31 6 30 2015 2016 2017 2018 178 82 71 2,556 23,240 11,857 13,631 (2,556) (23,062) (11,775) (13,560) 27. 2018 8 28 380,00038,000,0000.01 I-48
28. 2012 5 2012 6 54.099% 2016 6 12018 6 13,502,850617,000 25% 10%20% 20162017 12 312018 6 30 2016 1 1 3,502,850 3,502,850 2016 12 31 3,502,850 3,502,850 (630,463) 630,463 2017 12 31 2,872,387 630,463 3,502,850 617,000 617,000 (630,462) 630,462 2018 6 30 2,858,925 1,260,925 4,119,850 Hezhong Power Limited Hezhong Power Limited 12 31 6 30 2015 2016 2017 2017 2018 4,513 5,874 2,937 3,211 Value Link Group I-49
2016 6 1 2018 6 1 (%) 24 22 (%) 27 15 5.06 14.97 29. 67 (a) 2015 5 272,000,000 100% 2015 1 11 23% (b) 10% 50% (c) (d) 28 (e) 2.4 I-50
30. 2015 1 1 2015 12 312016 1 1 8,000 (19) (16,000) 2016 12 312017 1 1 8,000 (400) (824) (20,000) 2017 12 312018 1 1 7,600 10,000 (128) 2018 6 30 17,600 31. 1 4 12 31 6 30 2015 2016 2017 2018 961 1,181 2,152 1,989 2,224 2,164 175 961 3,405 4,316 2,164 I-51
32. Shenzhen Feiteng Technology Company Limited Feiteng (a) 12 31 6 30 2015 2016 2017 2018 Feiteng 192 269 1,816 2,281 461 1,816 2,281 (b) 201520162017 12 312018 6 30 12 31 6 30 2015 2016 2017 2018 269 1,022 3,303 2,900 (2,900) (2,900) 269 1,022 403 20152016 12 3120152016 12 31 12 2016 12 31 2017 12 31 2,900,000 I-52
(c) 12 31 6 30 2015 2016 2017 2018 2,833 3,879 7,028 1,938 2,340 3,038 2,137 52 69 87 50 2,885 6,288 10,153 4,125 8 (d) 2018 6 3025,000,000 25 33. 2015 12 31 20,255 20,255 35,301 35,301 774 774 3,000 3,000 25,735 25,735 269 269 2,490 2,490 41,834 25,735 20,255 87,824 I-53
14,483 4,531 19,014 2016 12 31 103,347 103,347 93,262 93,262 818 818 3,000 3,000 19,896 19,896 1,022 1,022 10,060 10,060 108,162 19,896 103,347 231,405 27,080 7,179 8,000 42,259 I-54
2017 12 31 60,646 60,646 68,299 68,299 7,263 7,263 4,000 4,000 149,878 149,878 403 403 9,342 9,342 89,307 149,878 60,646 299,831 23,816 13,788 7,600 45,204 I-55
2018 6 30 67,737 67,737 58,368 58,368 5,407 5,407 4,000 4,000 212,037 212,037 13,333 13,333 81,108 212,037 67,737 360,882 20,532 13,082 17,600 51,214 34. 201520162017 12 312018 6 30 a I-56
b c 10%16 2015 12 31 20,255 20,255 25,735 25,735 25,735 20,255 45,990 I-57
2016 12 31 103,061 103,061 286 286 19,896 19,896 19,896 103,347 123,243 2017 12 31 58,086 58,086 2,560 2,560 149,878 149,878 149,878 60,646 210,524 2018 6 30 64,668 64,668 3,069 3,069 212,037 212,037 212,037 67,737 279,774 I-58
12 31 6 30 2015 2016 2017 2018 1 1 1,452 20,255 103,347 60,646 23,467 82,092 (42,701) 7,091 9,867 1,000 (14,531) 12 316 30 20,255 103,347 60,646 67,737 12 31 2015 2016 2017 2018 6 30 (%) 10 10 10 (%) 30 30 30 30 15.0 14.7 13.9 2.75 10% 201520162017 12 31 2018 6 30 2,025,000 10,335,000 6,045,000 6,774,000 10%20152016 2017 12 31 2018 6 30 2,026,000 29,000 256,000 307,000 35. I-59
12 31 6 30 2015 2016 2017 2018 % % % % 63.4 56.7 53.7 53.1 17 9 201520162017 12 312018 6 30 2015 12 31 14,382 101 14,483 4,531 4,531 18,913 101 19,014 I-60
2016 12 31 21,853 5,227 27,080 7,179 7,179 580 7,784 8,364 29,032 5,807 7,784 42,623 2017 12 31 18,121 5,695 23,816 13,788 13,788 7,603 7,603 31,909 13,298 45,207 2018 6 30 16,782 3,750 20,532 13,082 13,082 271 18,024 18,295 29,864 4,021 18,024 51,909 I-61
12 31 6 30 2015 2016 2017 2018 97,240 256,270 327,584 387,519 33,525 101,930 105,176 105,817 34% 40% 32% 27% 36. 2018 9 19 78,000,000 III. 2018 6 30 I-62
[] II-1
[] II-2
B. 1 22 Zengame Technology Holding Limited Zengame Technology Holding Limited 2018 6 30 []2018 6 302018 6 30 2018 6 30 4.29 7 II-3
1 4.29(7) 3420 4.29 7 [] II-4
(a) (b) (c) 4.29(1) II-5
2018 8 2822 1961 3 1. (a) 27(2) (b) 2. [] (a) (i) (ii) III-1
(iii) (i) (ii) (iii) (iv) (v) (iv) III-2
(30) (v) (vi) III-3
(vii) (20%) (14) (20%) (b) (i) III-4
(aa) (bb) (cc) (6) (dd) (ee) (ff) III-5
(ii) (a) (b) (iii) (iv) III-6
(v) (vi) III-7
(vii) 622 (viii) (aa) III-8
(bb) (cc) (dd) (ee) (c) (d) (e) (i) III-9
(15) (ii) III-10
(iii) (15)(18) 21 (iv) (21)(20) (14)(10) (aa) III-11
(bb) (cc) (dd) (ee) (ff) (20%) (gg) (v) (vi) III-12
(f) (21) III-13
(g) (i) (ii) (a) (b) III-14
(h) (2) 2.50 1.00 (i) 3(f) (j) (i) III-15
(ii) (k) 3. (a) III-16
(b) (a) (b) (c) 37(d) (e) (c) (d) III-17
(e) III-18
(f) (a) (b) (c) (a)(b) (c) (d) (g) (h) (i) (ii)(iii) III-19
(i) (j) (1) (2) 2010 (k) (l) III-20
(m) (n) (o) (60) (p) 25% III-21
(q) (a) (b)(c) 21 III-22
(r) (75%) (s) (4) (90%)(4) (2) (1) (t) 4. III-23
A. 1. 2018 8 28 201816 183 54 2. 380,000 38,000,000 0.01 0.01 Sky-zen Capital Sky-zen Capital10,320,799J&L Y8,740,190D Fun Limited 7,655,670JIAWEI510,378Meidada25,194Family Wall 471,314Playa4,210,628BeFuture1,759,248D Zing351,842 2018 10 17 2,899,1721,055,564 [] [][] 500,000,00050,000,000,0001,000,000,000 49,000,000,000 A.4. 2018 IV-1
3. 2017 8 105054 2017 12 12150 2017 5 8710 4. 2018 2018 (a) (b) 1,962,000,000 0.01 380,000 38,000,000 0.01500,000,000 50,000,000,000 0.01 (c) (i) [] [] [] [] (ii)[ IV-2
][] [][] [] (i) (ii) [] [] [] 2018 (iii) [] [] [][] (iv) (i)(ii) (iii) (iv) (v) [] (vi) (v) [] [] [] 20% IV-3
(vi) [] [] [] 10% IV-4
(vii) (c)(vi) (c)(iv) [] [] [ ] 10% (c)(v) (c)(vi) (c)(vii) (1) (2) (3) (4) 5. (a) (i) IV-5
2018 [] 10% [] A.4. 2018 (ii) (iii) (b) (c) IV-6
(d) 26 B. [] C. 1. (a) 2017 6 30 (i) 2,500,0001,500,000(ii) 1,500,000 IV-7
(b) 2017 6 30 (a) (c) 2017 6 30 9,000,000 9,000,000750,000 2.7778% (d) 2017 6 30 30 2,500,00018 1,500,000 (e) 2018 10 27 (f) 2018 10 27 (g) 2018 10 27 (h) 2018 10 27 IV-8
(i) 2018 10 27 (j) 2018 10 27 (k) 2018 10 27 (l) 2018 10 27 (m) 2018 10 27 (n) 2018 10 27 (o) 2018 10 27 (p) 2018 10 27 (q) 2018 10 27 (r) 2018 10 27 IV-9
(s) 2018 10 27 (t) (u) (v) [] 2. 1. 41 13260846 2025 9 6 2. 41 16710634 2026 6 6 3. 42 19531868 2028 6 20 4. 41 24391087 2028 8 13 IV-10
1 41 304604148 2018 7 20 1 V2.0 2018SR321279 2018 5 9 2 V1.00 2016SR159752 2016 6 28 3 2016SR075055 2016 4 13 V2.0 4 2016SR075052 2016 4 13 V2.0 5 V2.00 2016SR075027 2016 4 13 6 V2.00 2016SR075021 2016 4 13 7 2016SR072002 2016 4 8 V1.00 8 2016SR072001 2016 4 8 V1.00 9 2016SR062604 2016 3 28 V1.0 10 2016SR062600 2016 3 28 V1.00 11 V1.0 2015SR242518 2015 12 3 12 V1.00 2015SR238642 2015 12 1 13 2015SR217523 2015 11 10 V1.00 14 V1.00 2015SR217149 2015 11 10 15 2015SR217136 2015 11 10 V1.00 16 V1.0 2015SR189867 2015 9 29 17 2015SR122095 2015 7 2 V1.0 IV-11