Jade Dynasty Group Limited (Incorporated in Bermuda with limited liability) Stock Code: 970

2 4 8 14 24 35 37 38 40 41 43 94 1

* ** ** ** * ** (FCPA, FCCA, ACS, ACIS) 2

Clarendon House 2 Church House Hamilton HM11 Bermuda 56 11 Butterfield Corporate Services Limited Rosebank Centre 11 Bermudiana Road Pembroke Bermuda 28 26 http://www.hk970.com 970 3

46 6 44 30 4727 4

5024 42 20 34 Hanover Dartmouth College 5

62Billy Ho and Company 52 51 Major Trend Entertainment Limited 6

56 Jade Dynasty Holdings Limited 40 38 38 10 7

102,200,000 107,300,000 13,500,000 11,000,000 100,0001,300,000 500,000 2,300,000 4,100,000 14,600,0008,500,000 0.2 0.2 0.40.4 3,400,000 0.2 28 26 8

Jade Dynasty Holdings LimitedJDH51% 49% 226163 37,400,00043,700,000 31,800,000 61,800,000 235,200,000 210,700,000 188,100,000116,500,000 47,100,00094,200,000 9

15.9% 63.2% 0.5 100,300,000 0.00230,000,000 0.002 25,900,000 21,800,0004,100,00019,000,000 (Comments on Developing Country s Film, Television and Animations Industry) 10

VCD DVD VCD DVD 26 26 26 16,000 6,000,000,000 11

Promotional Partners WorldwidePPW Chinese TV Program Export Association (TV Program Agency and Distribution Contract) VCD DVD PPW 5 4 12

2 28,500,000 105,000,000 (Comments on Developing Country s Animations Industry) 13

A.4.2 A5.4 14

D.1.2 D.2.1 3.10 3.13 15

16

4/4 1/1 4/4 4/4 4/4 1/1 4/4 1/1 1/1 4/4 3/3 1/1 3/4 3/3 1/1 4/4 2/3 0/1 17

18

14 19

700,000800,000 20

10 21 21

22

35 36 23

21% 35%49% 91% 5% 37 0.2 1,582,000 0.2 1,849,000 24

(a) (b) 104,768,000 98,348,000 50,133,600 0.5100,267,200 0.002 29,984,000 31,808,00031,808,000 32 Jade Dynasty Holdings LimitedJDH49% 0.5 2 50,133,600 100,267,200 25

94 19 86(2B) 87(1) 26

87(1) 86(2B) 27

352 (A) 7,500,000 1.20% 2,664,000 1.20% 3,000,000 0.36% 3,464,200 0.41% 800,000 0.09% 1,392,000 0.16% Rapid Alert International Limited 10,164,000 1.20% 28

(B) 1 2 1,387,200 2,774,400 3 1,275,733 2,551,466 577,600 1,155,200 165,333 330,666 (1) JDH 49% 0.50 (2) Rapid Alert International Limited (3) 29

37 0.267 2,666,666 (2,664,000) (2,666) 0.363 900,000 900,000 0.370 1,200,000 1,200,000 0.267 2,666,666 (2,664,000) (2,666) 0.363 800,000 800,000 0.370 1,200,000 1,200,000 0.267 2,666,666 (2,664,000) (2,666) 0.363 800,000 (800,000) 0.370 1,200,000 (1,200,000) 0.267 1,600,000 (1,600,000) 0.363 500,000 500,000 0.370 1,000,000 1,000,000 0.267 1,600,000 (1,600,000) 0.363 300,000 (296,000) 4,000 0.370 1,200,000 (296,000) 904,000 20,299,998 (13,784,000) (7,998) 6,508,000 30

336 (A) 5 Super Empire 323,435,100 38.31% Investments Limited Super Empire 323,435,100 38.31% 1 323,435,100 38.31% 2 323,435,100 38.31% 3 323,435,100 38.31% 3 31

(B) 5 3,000,000 3,000,000 0.36% 4 3,000,000 3,000,000 0.36% 4 3,000,000 3,000,000 0.36% (1) Super Empire Super Empire323,435,100 (2) Super Empire323,435,100 Super Empire (3) Super Empire 323,435,100 (4) 3,000,000 (5) 844,357,384 336 32

3.13 392,000 6,500,000 5,484,000 33

38 (i)(ii) (iii) 39 34

3793 90 35

36

7 102,214 107,307 (55,420) (58,948) (14,739) (10,331) 32,055 38,028 9 1,221 1,613 (2,529) (2,800) (13,962) (21,581) 10 (1,527) (1,433) 15,258 13,827 11 (1,631) 1,617 13,627 15,444 12 (89) (1,302) 547 13 13,538 14,689 13,538 11,043 3,646 13,538 14,689 17 1,582 1,849 18 1.81 1.59 1.67 1.54 1.82 1.69 1.68 1.64 37

19 6,790 7,368 20 8,532 8,706 21 1,858 2,598 100 22 124,539 124,539 23 3,092 3,322 144,811 146,633 24 43,704 21,384 25 27,710 21,643 26 233 879 20 174 174 26 11,793 11,770 413 104 27 4,113 4,003 28 2,318 4,119 90,458 64,076 29 7,878 8,521 30 8,760 11,177 633 938 31 14,610 8,485 31,881 29,121 58,577 34,955 203,388 181,588 38

32 1,689 1,428 186,474 115,068 188,163 116,496 33 15,225 65,092 203,388 181,588 3793 39

2 1,119 239,327 (36,810 ) (148,995 ) 54,641 54,641 (88 ) (88) (88 ) 11,043 11,043 3,646 14,689 (88 ) 11,043 10,955 3,646 14,601 309 52,635 52,944 52,944 (2,326) (2,326 ) (2,326 ) 1 (286,300 ) 286,300 1 (236,906 ) 236,906 282 282 282 12,791 12,791 (1,960 ) (1,960 ) (14,477 ) (14,477 ) 1,428 3,336 282 (36,810 ) 49,394 (88 ) 98,954 116,496 116,496 90 90 90 13,538 13,538 13,538 90 13,538 13,628 13,628 201 49,932 (216 ) 49,917 49,917 60 9,644 9,704 9,704 (1,582 ) (1,582 ) (1,582 ) 1,689 62,912 66 (36,810 ) 49,394 2 110,910 188,163 188,163 (1) 46 286,300,000 236,906,000 (2) 40

15,169 13,072 (116) (28) 1,527 1,433 804 1,905 740 849 174 174 (100) 117 (547) 139 18,198 17,114 (22,320) (2,742) (6,067) (1,817) 646 (724) (23) (8,800) (643) (1,068) (2,417) (2,443) 90 (79) (12,536) (559) (2,015) (721) (14,551) (1,280) 41

(32,667) 34 (20,927) (110) (4,003) (226) (478) 100 100 (100) 35 2,175 116 28 (20) (55,972) (3,394) (12,920) (5,000) (1,960) (1,582) (1,477) (1,392) 9,704 20,114 (370) 9,519 5,500 20 12,770 3,992 (1,801) (53,260) 4,119 57,379 2,318 4,119 42

1. 2. 3 36 38 43

2. 32 3932 39 39 32 32 32 32 3 44

2. 2 2 2 2 2 17 17 3 45

3. 2 50 41 17 16,248 (8,880) 7,368 8,880 8,880 32 (65,333) 241 (65,092) 282 282 98,995 (41) 98,954 46

3. 1 1 19 2 21 2 39 2 39 2 39 2 4 6 2 7 1 4 2 5 2 6 3 7 29 4 8 2 5 9 6 1 2 3 4 5 6 47

4. 48

4. 49

4. 50

4. 51

4. 52

4. 53

4. 54

4. 55

4. 56

4. 57

5. 124,539,000 22 3,092,000 58

6. 31 59

6. 7. 95,964 98,440 4,468 5,590 872 2,064 717 1,027 193 186 102,214 107,307 615 14,742 54 951 102,883 123,000 60

8. 101,414 106,556 800 751 102,214 107,307 669 15,693 102,883 123,000 22,404 20,393 613 170 23,017 20,563 (89) (1,302 ) 22,928 19,261 (6,232) (5,303 ) (6,232) (5,303 ) (1,527) (1,433 ) (1,527) (1,433 ) 15,258 13,827 (89) (1,302 ) 15,169 12,525 (1,631) 1,617 (1,631) 1,617 547 547 13,627 15,444 (89) (755 ) 13,538 14,689 61

8. 177,797 173,895 47,339 24,883 2,488 225,136 201,266 10,133 9,443 235,269 210,709 13,318 15,842 2,277 3,071 785 15,595 19,698 31,511 74,515 47,106 94,213 124,539 124,539 125,439 179 456 47 226 456 22 226 478 3,364 3,364 3,364 7,987 24 8,011 8,011 100 100 1,510 1,900 1,510 1,900 34 854 1,544 2,754 139 139 117 117 62

8. 9. 385 788 116 28 720 797 1,221 1,613 1 1,221 1,614 10. 810 805 717 628 1,527 1,433 63

11. (1,410) (1,691) 9 (14) 23 (230) 3,322 (1,631) 1,617 17.5%17.5% 15,258 13,827 (89) (755) 15,169 13,072 17.5% (2,655) (2,288) (183) (523) (412) (532) 62 1,042 1,542 1,428 2,517 9 (14) 6 (13) (1,631) 1,617 64

12. 669 15,693 (208) (5,097) (692) (11,203) 142 1 (148) (548) (89) (1,302) (89) (1,302) 547 (89) (755) 189,00099,000 100,0002,153,000 65

13. 740 849 740 849 174 174 174 174 700 790 700 790 2,258 1,461 208 5,097 2,466 6,558 770 1,287 34 618 804 1,905 100 100 139 139 117 117 968 857 40 1,186 1,008 2,043 14 16 37,035 39,504 341 4,146 37,376 43,650 66

14. 180 1,451 133 12 1,776 180 702 1,568 12 2,462 180 625 360 12 1,177 180 349 43 12 584 180 444 50 12 686 30 30 180 180 180 180 180 180 1,470 3,571 2,154 60 7,255 67

14. 1,500 11 1,511 961 410 11 1,382 790 120 11 921 486 11 497 559 11 570 844 9 853 338 9 347 202 202 202 9 211 210 210 210 210 90 90 2,096 4,296 530 82 7,004 68

15. 14 9,247 9,686 24 23 9,271 9,709 3,500,0014,000,000 1 4,000,0014,500,000 1 5,000,0015,500,000 1 5,500,0016,000,000 1 2 2 69

16. 5% 12,000 1,005,000 1,166,000 17. 0.2 1,582 0.2 1,582,000 70

17. 0.2 1,849,000 1,689 160 1,849 Super Empire Investments Limited 40,000,00080,003,732 39 160,000 71

18. 13,538 11,043 717 628 14,255 11,671 748,960,707 696,334,317 6,457,525 3,650,075 98,200,863 58,710,502 853,619,095 758,694,894 72

18. 13,538 11,043 89 755 13,627 11,798 717 628 14,344 12,426 73

18. 0.01 0.1189,000 755,000 3 0.007 0.006 74

19. 13,023 238 13,261 478 478 6,227 1,257 527 8,011 (4,311) (238) (4,549) (4) (4) 6,227 10,443 527 17,197 226 226 (8,733) (8,733) 6,227 1,936 527 8,690 10,229 10,229 113 1,484 308 1,905 (2,440) (2,440) (4) (4) 139 139 113 9,408 308 9,829 132 525 147 804 (8,733) (8,733) 245 1,200 455 1,900 5,982 736 72 6,790 6,114 1,035 219 7,368 75

19. 17 5050 10 33 1 /3% 10 20% 20 25% 139,000 5,982,0006,114,000 76

20. 8,706 8,880 174 174 8,532 8,706 8,706 8,880 8,706,0008,880,000 21. 300 300 3,213 151 3,364 (300) (300) 3,213 151 3,364 100 100 710 56 83 849 (183) (183) 710 56 766 680 60 740 1,390 116 1,506 1,823 35 1,858 2,503 95 2,598 77

21. 4 5 5 22. 41,025 83,514 124,539 8 7.2% 78

22. 23. 11 3,322 3,322 11 (230) 3,092 27,662,00026,976,000 17,669,000 18,983,000 9,993,000 7,993,000 79

24. 120 84 127 246 43,457 21,054 43,704 21,384 25. 90 0 30 15,748 9,183 31 60 7,337 5,436 61 90 2,567 2,685 90 2,058 4,339 27,710 21,643 26. 80

27. 3.53.61 28. 2.8 254,000 238,000 29. 0 30 3,219 2,636 31 60 1,515 1,610 61 90 1,620 1,413 90 1,524 2,862 7,878 8,521 81

30. 31. 14,610 8,485 +2.5-2 +1 82

32. 0.002 250,000,000,000 500,000 0.002 559,663,466 1,119 JDH 0.002 84,442,718 169 0.002 70,000,000 140 714,106,184 1,428 (1) 0.002 100,267,200 201 (2) 0.002 29,984,000 60 844,357,384 1,689 (1) 50,133,600 0.5100,267,200 (2) 29,984,0000.2670.37 29,984,000 9,703,732 0.002 83

33. JDH 49% 15,291,0000.5 2 (i) (ii) 32 3 2.15% 84

33. 65,092 65,051 (49,917) 10 717 629 (667) (588) 15,225 65,092 85

34. 54,338,000JDH JDH51% 41,025,000 8,011 9,054 3,364 18,693 18,549 100 25 1,627 2,537 532 (9,221) (11,154) (108) (15,905) (12,791) 13,313 41,025 54,338 30,874 23,464 54,338 23,464 (2,537) 20,927 86

34. JDH101,947,000 25,036,000 35. Pacific Glory LimitedPacific Glory100%Pacific Glory Pacific Glory (2,109) (285) (51) (54) (852) (2,825) 972 642 (4,562) (547) 5,109 5,000 109 5,109 5,000 (2,825) 2,175 7,759,00069,000 87

36. 573 223 132 161 705 384 37. 88

37. 31,808,000 61,799,9983.8% 8.7% 10% 1% 0.1% 5,000,000 21 1 89

37. 0.267 11,199,998 11,199,998 (11,192,000) (7,998) 0.363 9,300,000 (6,000,000) 3,300,000 (1,096,000) 2,204,000 0.370 5,800,000 5,800,000 (1,496,000) 4,304,000 11,199,998 15,100,000 (6,000,000) 20,299,998 (13,784,000) (7,998) 6,508,000 0.267 1,600,000 1,600,000 (1,600,000) 0.363 600,000 600,000 (300,000) 300,000 0.370 300,000 300,000 (300,000) 1,600,000 900,000 2,500,000 (2,200,000) 300,000 0.363 13,000,000 13,000,000 (9,000,000) 4,000,000 0.370 26,000,000 26,000,000 (5,000,000) 21,000,000 39,000,000 39,000,000 (14,000,000) 25,000,000 12,799,998 55,000,000 (6,000,000) 61,799,998 (29,984,000) (7,998) 31,808,000 2 2 90

37. 0.60 31,808,00061,799,998 31,808,00061,799,998 38. (a) 5,484 5,693 (b) 124 56 (b) 384 257 (a) 91

38. (b) 2 2.15 144,000 60,000 (c) 14 39. 50,000,0000.002 Super Empire Investments LimitedSuper Empire 40,000,0000.0020.73 40,000,0000.002 Super Empire 0.73 0.775.2%28,500,000 9,405,8660.5 18,811,7320.002 92

40. Jade Dynasty 10,000 100% * Holdings Limited 30,000,000 100% 2 100% 2 100% 100 100% 2 100% Yuk Long (Overseas) 1 100% Limited 10,000 100% 1,000,000 100% * 93

242,516 235,133 166,465 107,307 102,214 (49,088) (24,347) 13,534 11,043 13,538 122,261 109,755 64,368 210,709 235,269 (129,579) (122,716) (9,727) (94,213) (47,106) (7,318) (12,961) 54,641 116,496 188,163 (7,318) (22,145) 54,641 116,496 188,163 9,184 (7,318) (12,961) 54,641 116,496 188,163 94