Homeland Interactive Technology Ltd. [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] 1.0% % 0.005% [ ] [ ] C [ ] [ ] [ ] [ ][ ]

Homeland Interactive Technology Ltd. (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) 1933

Homeland Interactive Technology Ltd. [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] 1.0% 0.0027% 0.005% 0.00001 [ ] [ ] 32 342C [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ][ ] [ ][ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] S [ ] S [ ]

[ ] i

[ ] ii

[ ] iii

[ ] iv

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]...... i v... 1... 11... 20... 21... 23... 56... 59... 63... 66... 68... 82... 103 v

... 121... 153... 189... 194... 199... 209... 211... 213... 255... 258... 268... 278... I-1... II-1... III-1... IV-1... V-1 vi

[ ] [ ] [ ] 72.0 DAU ARPPU 1.8 3.5 19.50 85.0% 75.0% 45.0% 23.1 261.8 236.9% 109.8 212.0 11.3 118.6 223.4% 61.3 97.0 85.1% 1,374 34.7% 6,351 1

465 439 23 58 Android ios 24 38.9%40.9%43.5% 48.2% 61.1%59.2%54.3% 36.1% 98.6% 94.4% 1.4% 5.6% 2

% % % % %... 23,058 100.0 51,946 100.0 149,825 57.2 82,690 75.3 105,111 49.6... 111,926 42.8 27,131 24.7 106,937 50.4... 23,058 100.0 51,946 100.0 261,751 100.0 109,821 100.0 212,048 100.0 Android ios QR OPPO Vivo Apple Inc 50% 60% 2.5% 5% 25% 40% 50% 1% 4% ARPPU ARPPU 3

DAU ARPPU... 7,989,999 16,281,439 53,607,886 72,042,161... 52,700 878,834 3,128,514 1,817,005 DAU... 484,856 1,709,305 4,607,861 3,456,985 ARPPU... 36.46 4.93 6.97 19.50 0.6 3.5 18.8 11.7 30.8% 37.6%36.5% 26.2% 0.2 1.3 7.2 3.0 9.3%14.2%13.9% 6.8% 5% 4

[ ] [ ] [ ] [ ]%[ ]% [ ]% 58 1. 2. 3. 4. 5

(i) (ii) [ ] (i) (ii) (iii) (iv) [ ] 23 [ ] 6

% % % % %... 23,058 100.0 51,946 100.0 261,751 100.0 109,821 100.0 212,048 100.0... (2,073) (9.0) (9,315) (17.9) (51,693) (19.7) (17,904) (16.3) (44,547) (21.0)... 20,985 91.0 42,631 82.1 210,058 80.3 91,917 83.7 167,501 79.0... 2 0.0 41 0.1 812 0.3 69 0.1 2,030 1.0... 48 0.1 (194) (0.1) (11) (0.0) (57) (0.0)... (4,175) (18.1) (8,790) (16.9) (38,888) (14.9) (14,870) (13.5) (24,104) (11.4)... (1,085) (4.7) (3,827) (7.4) (17,111) (6.5) (4,771) (4.4) (11,113) (5.3)... [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]... 15,727 68.2 30,103 58.0 154,677 59.1 72,334 65.9 129,352 61.0... (4,390) (19.0) (5,866) (11.3) (21,933) (8.4) (6,280) (5.7) (23,930) (11.3)... 11,337 49.2 24,237 46.7 132,744 50.7 66,054 60.2 105,422 49.7... 11,338 49.2 23,256 44.8 118,569 45.3 61,265 55.8 96,988 45.7... (1) (0.0) 981 1.9 14,175 5.4 4,789 4.4 8,434 4.0 11,337 49.2 24,237 46.7 132,744 50.7 66,054 60.2 105,422 49.7 49.2% 46.7% 50.7% 7

49.7% 60.2%... 155 2,234 9,674 17,360 15,362... 10,298 7,732 11,764 15,359 22,381... 14,704 22,401 29,420... 1,073 22,591 150,984 127,243 153,222... 26,230 54,958 201,842 159,962 190,965... 1,258 5,531 39,451 31,061 37,745... 272 920 7,260... 71 4,071 71... 1,696 5,105 36,298 34,225 38,730... 4,373 8,877 9,366 8,350 10,834... 7,670 24,504 92,446 73,636 87,309... 18,560 30,454 109,396 86,326 103,656 (4) (1)... 3.4 2.2 2.2 2.2 (%) (2)... 61.1 56.6 106.0 209.2 (%) (3)... 43.2 36.0 61.0 121.3 (1) (2) 100% (3) 100% (4) 181 365 8

[ ] [ ] [ ] [ ] [ ] (2)... [ ] [ ] (3)... [ ] [ ] (1) [ ] [ ] (2) [ ] [ ] [ ] [ ] (3) [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]% [ ] [ ]% [ ] [ ]% [ ] [ ]% [ ] [ ]% [ ] [ ]% [ ] 9

30.9 15.3 21.1 15.3 9.8 74.0 15.0 40.0 [ ] 100.0 30% (i) Kele Game 27 (ii) 19 10

[ ] [ ] WL Universe Limited 39,638,000 D. 2. 1961 3 22 11

622 32 Wu Chengze Network Limited Jiang Ming Kuan Network Limited Su Bo Network Limited 12

[ ] BVI 13

[ ] [ ] [ ] ICP [ ] 14

[ ] [ ] 15

[ ] 1.87% 7.33% 1.87% [ ] 16

[ ] 2% [ ] [ ] [ ] D. 1.[ ] [ ] S S 17

37 571 0.00001 [ ] [ ] 18

[ ] [ ] 19

ARPPU DAU DAU DDoS HTML5 HTML 20

[ ] (i) (ii) (iii) (iv) [ ] 465 439 26 38.9%40.8%43.5% 48.2% 98.6% 94.4% (i) (ii) (iii) (iii) (iv) 23

52,700878,8343,128,514 1,817,005 0.7%10.6%8.4% 9.9% DAU 24

OPPO Vivo App Store 6.3%11.7%4.7% 13.7% 26

19 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 27

ICP 29

7091,1862,314 976 DDoS 31

3 3 5 5 36

(i) (ii) (iii) (iv) 52 52 37

(i) (ii) (iii) (iv) (i) 50% (ii) 50% 50% (iii) 38

(i) (ii) (iii) (i) (ii) 39

(i) (ii) (i) (ii) 40

[ ] [ ] 44

[ ] 45

[ ] [ ] 142 142 142 [ ] 142 [ ] 59 45 19 142 19 46

16 19 16 [ ] (i) (ii) (iii) 47

(i) 100 400 (ii) 20 400 6 6 6 48

25% 82 82 82 25% 580,000 1,860,000 15% 49

5% 10% 25% 5% 5% 10% 10% 10% 50

20% 698 (i) 12.5% (ii) 10% 698 7 7 698 698 7 698 51

7 698 7 698 7 10% 37 698 37 698 37 7 39 7 37 7 37 7 37 7 52

37 7 37 37 75 75 37 37 37 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 53

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 54

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 55

[ ] 8.12 8.12 8.12 (a) 3.05 (b) i. ii. iii. 56

3.28 8.17 3.29 15 3.28 8.17 3.28 A 58

[ ] 59

[ ] 60

[ ] 61

[ ] 62

1 G2-404 D2-802 199 8 1802 5 2505 63

7 1 11 B 333 15 23 21 503 [ ] 33 1 24 [ ] 3 35 64

1-1 21 2103 518048 99 53 15 13 12 6 [ ] 88 35 500 B 1018 200232 [ ] 65

PO Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands 77 7A 1 2 31 http://www.jiaxianghudong.com (HKICPA ) (ACCA ) 77 7A 1 2 31 66

[ ] [ ] 33 1 24 75-77 2256 67

350,000 40 2,000 (i) (ii) 68

1. 1.1 21 1.2 Apple Store 69

1. 1.3 4G 1,999 7,171 29.3% 2. 70

1.4 45.4% 55.5% 68.3% 36,900 13,800 PC 1.5 85.1% VR/AR 71

2. 2.1 (PDA) 3D (RPG) 2.2 3. 2.3 117 1,374 85.1% 72

6,351 34.7% 4. 2.4 4G WIFI Arena of Valor China Joy 2.5 976.9 10.5% 73

3. 3.1 1.7 3.2 PC 87 44.2% 35.0% 399 74

5. 3.3 118.8 30.5% 7.2 16.7% 75

3.4 ID VIP 4. 4.1 4.2 17 71 43.4% 81.6% 76

259 33.2% 65.0% 6. 4.3 77

4.4 PC PC 5. 5.1 71 30.5% 3.8% 78

7. (i) A A (ii) B B (iii) C C (iv) D D 5.2 C 243 240 B E A 79

8. 5.3 24 A C C 25 B E 13 5 28 25 24 13 5 9. 80

5.4 DAU DAU DAU 1,480,000 1,350,000 B C 10. DAU (i) (DAU) DAU (ii) (iii) 81

ICP 82

2016 50% 83

2017 2018 < < > > < > 84

20 85

3 30 30 20,000 (a) (b) (c) (d) 12 86

(a) (b) 3 (i) (ii) (iii) 180 (iv) 20,000 87

3 3 5 5 50% (i) (ii) (iii) (iv) (v) 88

60 89

10% 50% 37 37 37 37 37 37 37 91

5% 10% 10% (a) (b) 25% 10% 5% 15% 93

25% 94

6% 2010 (i) (a) (b) (ii) (a) (b) 95

2013 97

2008 2010 (i) 1 1 1 (ii) 10 (iii) (iv) (v) 98

(vi) (vii) 500 2,000 (viii) 50% 100% (i) (ii) (iii) (6) (i) 10% (ii) 10% 10% 5,000 10,000 99

100

(i) 50% (ii) 50% 50% (iii) 19 101

102

465 439 26 (i) 100% 92% 88.6% 78.0% 88% (ii) 60% 20% 20% [ ] 76.8% 70 103

5,000 80% 20% 100% 1,000 88.64% 11.36% 88%5%5% 2% [ ] 4,195,600 1,000 104

100% 92% 8% BVI BVI (i) 599 (ii) 1,463 105

[ ] 0.00001 39,638,000 D. 2. (1) (2) [ ] (3) [ ] [ ] [ ] (1) (1) 92% 8% 92% 55.2% 92% 60% 18.4% 92% 20% 18.4% 92% 20% 106

(2) 60% 20% 20% (3) 31.82%28.41%28.41% 11.36% 31.82% 19.092% 31.82% 60% 6.364% 31.82% 20% 6.364% 31.82% 20% 28.41% 17.046% 28.41% 60% 5.682% 28.41% 20% 5.682% 28.41% 20% 28.41% 17.046% 28.41% 60% 5.682% 28.41% 20% 5.682% 28.41% 20% (4) 107

(2) [ ] (1) He Shu Li Network Limited He Shu Li Network Limited 108

(3) [ ] [ ] [ ] (1) He Shu Li Network Limited He Shu Li Network Limited 109

50,000,000 0.001 0.001 100 0.00001 50,000 5,000,000,000 0.00001 471,000,000 [ ] [ ] [ ] [ ] [ ] Wu Chengze Network Limited... 216,921,000 46.06% [ ] [ ] Jiang Ming Kuan Network Limited... 72,307,000 15.35% [ ] [ ] Su Bo Network Limited... 72,307,000 15.35% [ ] [ ] Guo Shun Shun Network Limited... 34,509,000 7.33% [ ] [ ] Men Geng Network Limited... 8,831,000 1.87% [ ] [ ] Ding Chun Long Network Limited... 8,831,000 1.87% [ ] [ ] He Shu Li Network Limited... 17,656,000 3.75% [ ] [ ]... 39,638,000 8.42% [ ] [ ]... [ ] [ ]... 471,000,000 100.00% [ ] [ ] 110

1 BVI 100% 2 3 100% 100% 4 ICP 5 6 100% ICP 100% ICP 111

60% 20% 20%60-20-20 60% 20% 20% 1,000 60% 20% 20% 60% 60% ICP 60% ICP 60% A 60% 60% 112

A 60% A 60-20-20 100% 100% 1,000 1,000 74% 10% 8% 8% 60-20-20 60% 20% 20% 60%20% 20% 44.4% 74% 60% 14.8% 74% 20% 14.8% 74% 20% 113

6% 10% 60% 2% 10% 20% 2% 10% 20% 4.8% 8% 60% 1.6% 8% 20% 1.6% 8% 20%... 74% 44.4%* 14.8% 14.8%... 10% 0%* 6% 2% 2%... 8% 0%* 4.8% 1.6% 1.6%... 8% 8% 0% 10% 8% 60-20-20 114

92% 8% 12% 92% 8% 92% 55.2% 92% 60%18.4% 92% 20% 18.4% 92% 20%... 92% 55.2%* 18.4% 18.4%... 8% 8% 0% 60-20-20 100% 92% 115

92% 55.2% 92% 60% 18.4% 92% 20% 18.4% 92% 20% 8%... 92% 55.2%* 18.4% 18.4%... 8% 8% 0% 100% 60-20-20 116

1,000 88% 6% 6% 31.82% 28.41% 28.41% 11.36% 60-20-20 20% 60% 20% 60%20% 20% 31.82% 19.092% 31.82% 60% 6.364% 31.82% 20% 6.364% 31.82% 20% 28.41% 17.046% 28.41% 60% 5.682% 28.41% 20% 5.682% 28.41% 20% 28.41% 17.046% 28.41% 60% 5.682% 28.41% 20% 5.682% 28.41% 20%... 31.82% 6.364%* 19.092% 6.364%... 28.41% 0%* 17.046% 5.682% 5.682%... 28.41% 0%* 17.046% 5.682% 5.682%... 11.36% 11.36% 0% 117

60-20-20 6% 1% 920,000 100% 78.0% 4,195,600 2% 2% 1,000 10 57,158 118

ICP (i) 100% 92% 88.6% 78.0% 88% (ii) 60% 20% 20% [ ] 76.8% 76.8% 119

[ ] 37 37 37 13 37 13 120

58 465 ICP 2018 (i) (ii) 50% ICP ICP ICP 121

(i) (ii) (iii) 50% 122

(i) (ii) 20 123

100% 92% 8% 100% 100% 100% 1. 124

2. 3. 4. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 100 125

ICP (i) (ii) 126

(i) (ii) (iii) 500,000 (iv) (v) (vi) 500,000 (vii) (viii) 127

(ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi) (xvii) [ ] (i) 128

(ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 129

130

(i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 131

92 8 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) 132

(x) 30 133

(i) (ii) (iii) (iv) (v) (vi) (vii) 134

(viii) (ix) (x) (xi) (i) (ii) 135

(iii) [ ] (i) 136

(ii) (iii) (iv) ICP (v) 137

(i) (ii) (iii) (iv) 52 52 138

(v) (i) [ ] [ ] (ii) 139

(i) (ii) (iii) 140

(iv) (v) ICP (vi) ICP 141

ICP (i) (ii) 142

(i) (ii) (iii) 143

(i) (ii) 10 (i) (ii) (iii) (iv) 144

1 3 145

(i) 50% (ii) 50% a) 50% b) 50% c) (iii) 146

19 (i) (ii) (iii) 147

144 145 147 148 100,000 1 10% 50,000 500,000 5% 148

76.8% [ ] [ ] [ ] [ ]% [ ] (i) (ii) 149

(iii) (iv) (a) (b) (i) (ii) (iii) (iv) (v) (vi) (ii)(iii) (iv) 150

(i) (ii) (i) (ii) 151

(i) (ii) 152

58 Android ios 465 439 26 24 F&S F&S 153

7,990,000 53,608,000 72,042,000 DAU 484,860 4,607,800 DAU 3,457,000 52,700 3,128,500 1,817,000 23.1 261.8 236.9% 109.8 212.0 11.3 118.6 223.4% 61.3 97.0 F&S 85.1% 1,374 34.7% 6,351 154

465 439 26 24 F&S F&S F&S 43.4% 71 33.2% 259 340.0 580.0 976.9 155

OPPOVivo 4.7% 13.7% 80.3% 79.0% 465 156

157

HTML5 HTML5 HTML5 158

465 439 23 58 Android ios 24 159

13 16 439 439 24 160

本文件為草擬本其所載資料並不完整及可作更改閱讀本文件所載資料時須一併細閱本文件首頁警告一節業務下圖顯示我們的麻將遊戲版本在中國的地理覆蓋 161

162

130 22 30 HTML5 HTML5 [ ] [ ] ios QR 27 163

OPPO Vivo Apple Inc 50% 60% 2.5% 5% 25% 40% 50% 1.6 6.5 13.8 28.9 24.9 55.7 294.8 211.3 164

% % % %... 23,302 93.7 49,136 88.3 280,946 95.3 182,359 86.3... 230 0.1 5,190 2.5 OPPO... 1,120 2.0 3,294 1.1 3,760 1.8 Vivo... 2,192 1.0... 3,815 1.3 7,966 3.8 Apple Inc.... 1,554 6.3 5,410 9.7 6,476 2.2 6,327 3.0... 3,460 1.6... 1,554 6.3 6,530 11.7 13,815 4.7 28,895 13.7... 24,856 100.0 55,666 100.0 294,761 100.0 211,254 100.0 Apple Inc. Apple Inc. 19 Apple Inc. Apple Inc. Apple Inc. 165

1% 4% (%) (%) (%) (%) 1 9,385 40.4 33,781 68.7 251,840 93.5 172,488 94.6 2 6,660 28.7 11,532 23.5 15,909 5.9 9,869 5.4 3 6,441 27.8 3,716 7.6 1,535 0.6 713 3.1 107 0.2 12 0.0 166

167

8 12 16 169

% % % % % % % %... 38.9 40.9 43.5 98.6 48.2 94.4... 15.4 15.3 13.2 1.4 14.0 5.6... 5.3 5.2 4.4 3.7... 40.4 38.6 36.7 18.4... 2.2 15.7... 100.0 100.0 100.0 100.0 100.0 100.0 170

VIP emoji 171

173

174

50 DDoS 175

DDoS 709 1,186 2,314 976 DDo DNS GPS IP 176

75% 25% 7,990,000 72,042,000 52,700 1,817,000 DAU 484,900 4,607,900 DAU 3,457,000 177

5% 47 QR 18.1%16.9%14.9% 11.4% 178

0.6 3.5 18.8 11.7 30.8% 37.6%36.5% 26.2% 0.2 1.3 7.2 3.0 9.3%14.2%13.9% 6.8% 5% 18 216 1 279 52 179

11 www.weile.com B. 2. 3976338 357... 182 51.0%... 50 14.0%... 47 13.2%... 28 7.8%... 50 14.0%... 357 100.0% 30 180

544.1 5.01(2) 2,339.27 5.01(2) 1,000 10,000 50,000 181

6(2) 342(1)(b) 15% 11 182

183

ICP...... ICP...... ICP...... 184

1. 27 1 220,000 5 10 1 27 5 27 185

20,000 27 20,000 186

2. 214,000 0.05% 214,000 550,000 3,858,000 2,694,000 550,000 3,858,000 2,694,000 187

188

Wu Chengze Network LimitedJiang Ming Kuan Network Limited Su Bo Network Limited 46.06%15.35% 15.35% 76.76% 92% Wu Chengze Network LimitedJiang Ming Kuan Network Limited Su Bo Network Limited [ ] [ ] [ ] Wu Chengze Network LimitedJiang Ming Kuan Network Limited Su Bo Network Limited [ ]% Wu Chengze Network LimitedJiang Ming Kuan Network Limited Su Bo Network Limited 8.10 189

(A) 5% (B) 20% 10 (C) [ ] 190

(i) (ii) 191

(A) (B) (C) (D) 192

(E) 193

14A ICP (i) (ii) (iii) 92% 8% (i) (ii) 194

(iii) 14A.07(1) 92% 14A.07(4) (i) (ii) (iii) 14A 14A 14A.102 (i) 14A 195

(ii) (iii) (a) (b) (d) 14A (e) (c) (i) (ii) (iii) (d) 196

14A (e) (i) (ii) (iii) (d) 14A 14A 197

14A.102 (i) 14A (ii) (iii) 14A (i) (ii) (iii) 198

... 33... 36... 33... 30... 29 199

... 47 [ ] [ ]... 47 [ ] [ ]... 28 [ ] [ ]... 45... 36... 35 200

33 36 33 201

30 29 CYOUChangYou.com Limited 47 [ ] 20 Sinocap Investment Holdings Limited 8367 (HKICPA) 202

47 [ ] 28 [ ] (CICPA) (ACCA) XV 13.51(2)(a) (v) 45 20 ATA Inc. ATAI 203

XUE 434 36 15 35 12 204

TMF Hong Kong Limited 570 15281986 KPMG Tax Limited 3.21 3.25 205

A.2.1 8.12 3.28 8.17 3A.19 3A.23 [ ] 206

210,000 1,530,000 1,040,000 472,000 491,000 860,000 441,000 3.5 207

[ ] 0.00001 [39,638,000] 39,638,000 [ ] [ ] D. 208

[ ] [ ] XV 2 3 10% [ ] [ ] (1) (2) (2) (3)... 216,921,000 46.06% [ ] [ ] Wu Chengze Network Limited (3)... 216,921,000 46.06% [ ] [ ] (4)... 72,307,000 15.35% [ ] [ ] Jiang Ming Kuan Network Limited (4)... 72,307,000 15.35% [ ] [ ] (5)... 72,307,000 15.35% [ ] [ ] Su Bo Network Limited (5)... 72,307,000 15.35% [ ] [ ] (6)... 34,509,000 7.33% [ ] [ ] Guo Shun Shun Network Limited (6)... 34,509,000 7.33% [ ] [ ] (7)... 39,638,000 8.42% [ ] [ ] WL Universe Limited (7) 39,638,000 8.42% [ ] [ ] (8)... 10,000,000 100% [ ] [ ] (8)... 10,000,000 100% [ ] [ ] (8)... 10,000,000 100% [ ] [ ] (8)... 10,000,000 100% [ ] [ ] 209

1) 2) [ ] [ ] [ ] 3) Wu Chengze Network Limited Wu Chengze Network Limited [ ] Wu Chengze Network Limited [ ] 4) Jiang Ming Kuan Network Limited Jiang Ming Kuan Network Limited [ ] Jiang Ming Kuan Network Limited [ ] 5) Su Bo Network Limited Su Bo Network Limited [ ] Su Bo Network Limited [ ] 6) Guo Shun Shun Network Limited Guo Shun Shun Network Limited [ ] Guo Shun Shun Network Limited [ ] 7) WL Universe Limited WL Universe Limited [ ] 8 10,000,000 92% 8% 10,000,000 92% 55.2% 92% 60% 18.4% 92% 20% 18.4% 92% 20% C. [ ] [ ] XV 2 3 10% 210

[ ] [ ] 5,000,000,000 0.00001 50,000 100.00% [ ] [ ] 471,000,000 4,710 [ ]% [ ] [ ] [ ] [ ]% [ ] [ ] [ ]% [ ] [ ] 471,000,000 4,710.00 [ ]% [ ] [ ] [ ] [ ]% [ ] [ ] [ ] [ ]% [ ] [ ] [ ]% [ ] [ ] [ ] 211

[ ] [ ] D. (i) (ii) (iii) (iv) (v) 2. 2.5 2. 2.4 [ ] A. 3. 212

ios 465 24 7,990,000 16,281,000 53,608,000 72,042,000 484,860 1,709,300 4,607,800 3,457,000 52,700 213

878,800 3,128,500 1,817,000 42.8% 50.4% 23.1 261.8 236.9% 109.8 212.0 11.3 118.6 223.4% 61.3 97.0 OPPO Vivo App Store 214

7,990,000 215

16,281,000 53,608,000 72,042,000 484,860 4,607,800 3,457,000 2574243 454 465 52,700 878,800 3,128,500 1,817,000 ARPPU 36.46 4.93 6.97 19.50 216

ARPPU ARPPU OPPO Vivo App Store 3 (i) (ii) (iii) 217

218

... 5% 20... 0% 5% 3 5... 5% 4 219

9 9 220

(i) (ii) 221

222

% % % % %... 23,058 100.0 51,946 100.0 261,751 100.0 109,821 100.0 212,048 100.0... (2,073) (9.0) (9,315) (17.9) (51,693) (19.7) (17,904) (16.3) (44,547) (21.0)... 20,985 91.0 42,631 82.1 210,058 80.3 91,917 83.7 167,501 79.0... 2 0.0 41 0.1 812 0.3 69 0.1 2,030 1.0... 48 0.1 (194) (0.1) (11) (0.0) (57) (0.0)... (4,175) (18.1) (8,790) (16.9) (38,888) (14.9) (14,870) (13.5) (24,104) (11.4)... (1,085) (4.7) (3,827) (7.4) (17,111) (6.5) (4,771) (4.4) (11,113) (5.3)... [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]... 15,727 68.2 30,103 58.0 154,677 59.1 72,334 65.9 129,352 61.0... (4,390) (19.0) (5,866) (11.3) (21,933) (8.4) (6,280) (5.7) (23,930) (11.3)... 11,337 49.2 24,237 46.7 132,744 50.7 66,054 60.2 105,422 49.7... 11,338 49.2 23,256 44.8 118,569 45.3 61,265 55.8 96,988 45.7... (1) (0.0) 981 1.9 14,175 5.4 4,789 4.4 8,434 4.0... 11,337 49.2 24,237 46.7 132,744 50.7 66,054 60.2 105,422 49.7 223

(i) (ii) 42.8% 50.4% % % % % %... 23,058 100.0 51,946 100.0 149,825 57.2 82,690 75.3 105,111 49.6... 111,926 42.8 27,131 24.7 106,937 50.4... 23,058 100.0 51,946 100.0 261,751 100.0 109,821 100.0 212,048 100.0 224

(i) (ii) (iii) (iv) % % % % %... 857 3.7 2,984 5.7 22,416 8.5 6,446 5.9 17,792 8.4... 815 3.5 2,944 5.7 9,335 3.6 4,250 3.9 16,565 7.8... 225 1.0 2,753 5.3 17,234 6.6 6,213 5.6 8,441 4.0... 176 0.8 473 0.9 2,553 1.0 995 0.9 1,660 0.8 (1)... 161 0.3 155 0.0 89 0.0... 2,073 9.0 9,315 17.9 51,693 19.7 17,904 16.3 44,547 21.0 (1) 15 43 186 232 225

(i) OPPO Vivo App Store 50% 60% 25% 2.5% 5% (ii) 1% 4% % % % % %... 580 0.2 1,860 0.9... 1 0.0 15 0.0 232 0.1 69 0.1 147 0.1... 1 0.0 26 0.1 23 0.0... 2 0.0 41 0.1 812 0.3 69 0.1 2,030 1.0 226

Apple Pay (i) (ii) (iii) (iv) SMS SMS % % % % %... 2,101 9.1 1,797 3.5 10,266 3.9 1,336 1.2 10,762 5.1... 1,460 6.3 6,397 12.3 21,933 8.4 11,813 10.7 9,271 4.3... 612 2.7 573 1.1 6,299 2.4 1,657 1.5 3,937 1.9 SMS... 2 0.0 23 0.0 390 0.2 64 0.1 134 0.1... 4,175 18.1 8,790 16.9 38,888 14.9 14,870 13.5 24,104 11.4 227

SMS SMS (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 228

% % % % %... 247 1.1 902 1.7 6,034 2.3 1,258 1.2 4,650 2.2... 387 1.7 736 1.4 2,553 1.0 951 0.9 1,476 0.7... 177 0.8 709 1.4 4,028 1.5 1,209 1.1 2,311 1.1... 1 0.0 8 0.0 166 0.1 25 0.0 53 0.0... 121 0.5 121 0.2 1,099 0.4 1,113 0.5... 485 0.9 1,323 0.5 464 0.4 627 0.3... 55 0.2 601 1.2 637 0.2 203 0.2 25 0.0 OPPO... (1)... 97 0.4 265 0.6 1,271 0.5 661 0.6 858 0.4... 1,085 4.7 3,827 7.4 17,111 6.5 4,771 4.4 11,113 5.2 (1) 229

25.0% 25% 12.5% 15% 25% 16.5% 27.9%19.5%14.2% 18.5% 8% 2%5% 5% 88% 11.36% 109.8 93.1% 212.0 (i) 129 230

454 (ii) 1,661,300 1,817,000 (iii) 17.9 148.8% 44.5 (i) 12.3 (ii) 11.3 91.9 82.2% 167.5 83.7% 79.0% 2.0 Apple Pay 14.9 62.1% 24.1 (i) 231

9.4 (ii) 2.3 2.5 4.8 132.9% 11.1 3.4 1.1 [ ] [ ] 72.3 78.8% 129.4 65.9% 61.0% 6.3 281.1% 23.9 8.7% 18.5% 232

66.1 59.6% 105.4 60.2% 49.7% 61.3 58.3% 97.0 51.9 403.9% 261.8 (i) 74 243 (ii) 878,830 3,128,514 (iii) 9.3 454.9% 51.7 (i) 19.4 (ii) 14.5 11.5 (iii) 6.4 42.6 392.7% 210.1 82.1% 80.3% 233

41,000 0.8 0.6 0.2 Apple Pay 8.8 342.4% 38.9 (i) 15.5 (ii) 8.5 (ii) 5.7 (iii) 0.4 3.8 347.1% 17.1 (i) 5.1 (ii) 3.3 (iii) 1.8 1.0 0.8 30.1 413.8% 154.7 58.0% 59.1% 234

5.9 273.9% 21.9 19.5% 14.2% 15% 24.2 447.7% 132.7 46.7% 50.7% 23.3 409.8% 118.6 23.1 125.3% 51.9 (i) 25 74 (ii) 52,700 878,830 (iii) 2.1 349.4% 9.3 (i) 2.5 (ii) 2.1 (iii) 2.1 21.0 103.1% 42.6 91.0% 82.1% 235

2,000 41,000 26,000 15,000 Apple Pay 4.2 110.5% 8.8 4.9 0.3 1.1 252.7% 3.8 15.7 91.4% 30.1 68.2% 58.0% 4.4 33.6% 5.9 27.9% 19.5% 236

11.3 113.8% 24.2 49.2% 46.7% 11.3 105.1% 23.3 1.1 22.6 151.0 127.2 [ ] 100.0 [ ] 12... 14,100 37,295 180,792 75,129 91,605... (13,543) (16,425) (22,308) (14,586) 20,985... 343 648 (30,091) 2,709 (136,331)... 900 21,518 128,393 63,252 (23,741)... 173 1,073 22,591 22,591 150,984... 1,073 22,591 150,984 85,843 127,243 237

91.6 129.4 1.6 24.9 7.7 4.4 [ ] 2.1 180.8 154.7 2.3 31.2 25.7 21.4 7.4 4.2 37.3 30.1 0.5 4.0 3.4 2.5 2.1 1.4 14.1 15.7 0.2 1.4 4.9 238

21.0 29.4 4.2 4.1 22.3 16.8 4.5 1.3 16.4 8.1 7.7 13.5 13.5 136.3 129.0 7.3 30.0 36.4 6.3 0.6 0.3 239

18.6 30.5 109.4 86.3 103.7... 155 2,234 9,674 17,360 15,362... 10,298 7,732 11,764 15,359 22,381... 14,704 22,401 29,420... 1,073 22,591 150,984 127,243 153,222... 26,230 54,958 201,842 159,962 190,965... 1,258 5,531 39,451 31,061 37,745... 272 920 7,260... 71 4,071 71... 1,696 5,105 36,298 34,225 38,730... 4,373 8,877 9,366 8,350 10,834... 7,670 24,504 92,446 73,636 87,309... 18,560 30,454 109,396 86,326 103,656 0 60 240

60... 155 2,234 9,674 16,087 60 90... 1,273... 155 2,234 9,674 17,360 60 60 90 1.3 92.6% (1)... 2.2 8.4 8.3 11.5 (1) 365 181 2.2 8.4 8.3 241

7 7 11.5... 5,410 5,410 6,517 5,995... 179 1,170 2,183 3,078... 1,544... 4,496 833 1,324 1,409... 159 230 491 1,275... 40 903 476... 54 49 346 1,582... 10,298 7,732 11,764 15,359 5.4 1.1 0.6 (the Chess and Card Division) [ ] 242

0.9... 31 228 175... [ ] [ ] [ ] [ ]... 545 2,597 4,814 9,780... 221 1,437 10,635 10,313... 225 253 6,029 683... 47 986 7,649 5,423... 4,000... 4,196... 220 227 1,900 1,332... 1,258 5,531 39,451 31,061 [ ] 243

4.6 4.0 100% 2% 4.2 2% 30 30 (1)... 0.6 0.9 0.8 (1) 365 181 244

0.6 0.9 0.8 Apple Store 17 4.0 245

20 246

... 580 970 643... 3,525... 7,563... 4,600 1,287 78... 12,743 5,782 721... 277 554 986 3,270... 33 65 300 10,312... 310 619 1,286 13,582 247

(4) (1)... 3.4 2.2 2.2 2.2 (%) (2)... 61.1 56.6 106.0 209.2 (%) (3)... 43.2 36.0 61.0 121.3 (1) (2) 100% (3) 100% (4) 181 365 3.4 2.2 2.2 61.1% 56.6% 248

56.6% 106.0% 209.2% 43.2% 36.0% 36.0% 61.0% 121.3% 249

9 1... 221... 272... 71... 564... 1,468... 920... 4,071... 6,459 250

1... 19,059... 7,260... 71... 26,390... 10,488......... 10,488... 2,732 6,558 4,623 5% 137,000 328,000 231,000 251

30% 30.9 15.3 21.1 15.3 9.8 74.0 15.0 40.0 [ ] 100.0 [ ] [ ] [ ] [ ] 252

[ ] [ ] 70.9 4.29 [ ] (1) [ ] (2)(4) (3)(4) (4) (4) [ ] [ ]... [91,221] [ ] [ ] [ ] [ ] [ ] [ ]... [91,221] [ ] [ ] [ ] [ ] (1) 93.9 2.7 (2) [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 1.00 0.8739 253

(3) [ ] [ ] [ ] [ ] [ ] (4) 0.8739 1.00 13.13 13.19 13.13 13.19 254

[ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]% [ ] 355 130 22 [ ] 210 30 [ ] 76 10 [ ] 80% 90% 190 10% 20% [ ] [ ]% [ ] HTML5 [ ] [ ] 255

[ ] [ ] [ ] [ ]% 100 [ ]% [ ] [ ]% [ ] [ ] [ ] [ ] 30 [ ] [ ]% [ ] [ ] [ ] 256

[ ] [ ]% 20 [ ] [ ]% [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 257

[ ] 258

[ ] 259

[ ] 260

[ ] 10.08 261

[ ] [ ] [ ][ ] [ ][ ] [ ] [ ] 262

[ ] (a) (b) (c) (a) (b) (d) [ ] 263

[ ] 264

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 265

[ ] 266

[ ] [ ] [ ] [ ] [ ] 3A.07 267

[ ] 268

[ ] 269

[ ] 270

[ ] 271

[ ] 272

[ ] 273

[ ] 274

[ ] 275

[ ] 276

[ ] 277

[ ] 278

[ ] 279

[ ] 280

[ ] 281

[ ] 282

[ ] 283

[ ] 284

[ ] 285

[ ] 286

[ ] 287

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[ ] 295

[ ] 296

I-5 I-61 I-5 I-61 [ ] 1 200 I-1

1 1 1 2410 1 I-2

I-4 10 [ ] [ ] I-3

1 I-4

... 5 23,058 51,946 261,751 109,821 212,048... 6 (2,073) (9,315) (51,693) (17,904) (44,547)... 20,985 42,631 210,058 91,917 167,501... 7 2 41 812 69 2,030... 48 (194) (11) (57)... (4,175) (8,790) (38,888) (14,870) (24,104)... (1,085) (3,827) (17,111) (4,771) (11,113)... [ ] [ ] [ ] [ ] [ ]... 15,727 30,103 154,677 72,334 129,352... 8 (4,390) (5,866) (21,933) (6,280) (23,930)... 9 11,337 24,237 132,744 66,054 105,422... 11,338 23,256 118,569 61,265 96,988... (1) 981 14,175 4,789 8,434 11,337 24,237 132,744 66,054 105,422 I-5

... 13 8,053 11,653 11,224... 14 4,217 3,846 2,948... 73 280 1,099 12,343 15,779 15,271... 15 155 2,234 9,674 17,360... 16 10,298 7,732 11,764 15,359... 17 14,704 22,401 29,420... 18 1,073 22,591 150,984 127,243 26,230 54,958 201,842 159,962... 19 1,258 5,531 39,451 31,061... 20 272 920 7,260... 20 71 4,071 71... 21 1,696 5,105 36,298 34,225... 4,373 8,877 9,366 8,350 7,670 24,504 92,446 73,636... 18,560 30,454 109,396 86,326... 18,560 42,797 125,175 101,597... 22 10,000 10,000... 8,561 31,817 115,625 93,933... 18,561 41,817 115,625 93,933... (1) 980 9,550 7,664... 18,560 42,797 125,175 101,597 I-6

... 10,000 (2,777) 7,223 7,223... 11,338 11,338 (1) 11,337... 1,134 (1,134)... 10,000 1,134 7,427 18,561 (1) 18,560... 23,256 23,256 981 24,237... 2,326 (2,326)... 10,000 3,460 28,357 41,817 980 42,797... 118,569 118,569 14,175 132,744 10... (42,803) (42,803) (3,367) (46,170)... (10,000) 8,042 (1,958) (2,238) (4,196)... 11,567 (11,567)... 15,027 8,042 92,556 115,625 9,550 125,175... 96,988 96,988 8,434 105,422 10... (118,680) (118,680) (10,320) (129,000)... 15,027 8,042 70,864 93,933 7,664 101,597... 10,000 3,460 28,357 41,817 980 42,797... 61,265 61,265 4,789 66,054... 61 (61)... 10,000 3,521 89,561 103,082 5,769 108,851 1 92%100% 78% 100% 92% I-7

... 15,727 30,103 154,677 72,334 129,352... 176 473 2,553 995 1,660... (1) (15) (232) (69) (147)... 53... 15,902 30,561 156,998 73,260 130,918... (35) (2,079) (7,440) (4,097) (7,686)... (4,892) 2,493 (4,239) (13,219) (4,414)... 1,446 273 25,724 8,191 (194)... 4,000... 1,696 3,409 31,193 18,273 (2,073)... 14,117 38,657 202,236 82,408 116,551... (17) (1,362) (21,444) (7,279) (24,946)... 14,100 37,295 180,792 75,129 91,605 I-8

... (8,143) (4,495) (436) (643)... (600) (1,287) (166) (4,078)... 335... (18,669) (18,883) (52,146) (15,141) (1,020)... 5,125 11,186 35,388 1,088 30,440... (4,196)... 1 15 232 69 147... (13,543) (16,425) (22,308) (14,586) 20,985... 272 920 6,634 3,003 416... (272) (294) (294) (7,676)... 71... (71)... 10 (36,431) (129,000)... 343 648 (30,091) 2,709 (136,331)... 900 21,518 128,393 63,252 (23,741)... 173 1,073 22,591 22,591 150,984... 18 1,073 22,591 150,984 85,843 127,243 I-9

1. 4,710 Maples Corporate Services Limited PO Box 309, Ugland House, Grand Cayman, KY1-1104, Grand Cayman Islands 60%20% 20% I-10

60% 20% 20% 60%20% 20% 20% 60% 20% 60%20% 20% 100% 100% 92% 8% 92% 55.2% 92% 60% 18.4% 92% 20% 18.4% 92% 20% I-11

I-12

2. 39 9 3 9 9 9 9 12) 3) 9 9 9 9 9 I-13

9 39 39 9 39 9 9... 1516... 17... 18 11,857 11,857 29,420 29,420 150,984 150,984 192,261 192,261... 19... 20... 20 19,059 19,059 7,260 7,260 71 71 26,390 26,390 I-14

16 1 17 3 23 1 10 28 2 19 1 28 1 1 1 2 3 16 16 16 17 16 I-15

16 17 16 16 17 16 27 13,582,000 16 53,000 260,000 939,000 17 16 3. I-16

2 17 2 36 I-17

(i) (ii) I-18

5 1 2 3 4 5 I-19

15 I-20

... 5% 20... 0%-5% 3-5... 5% 4...... 2 4 3 I-21

I-22

9 I-23

I-24

9 I-25

I-26

12 12 12 12 I-27

30 iii) iii) I-28

90 I-29

12 I-30

I-31

I-32

4. 3 1 I-33

(i) (ii) (iii) (iv) (v) 3 5. I-34

... 23,058 51,946 149,825 82,690 105,111... 111,926 27,131 106,937 23,058 51,946 261,751 109,821 212,048 10% 6.... 857 2,984 22,416 6,446 17,792... 815 2,944 9,335 4,250 16,565... 225 2,753 17,234 6,213 8,441... 176 473 2,553 995 1,660... 161 155 89 2,073 9,315 51,693 17,904 44,547 I-35

7. a... 580 1,860... 1 15 232 69 147... 1 26 23... 2 41 812 69 2,030 (a) 8.... 4,390 5,866 21,933 6,280 23,930 25% 25% 12.5% I-36

15% 25% 150%... 15,727 30,103 154,677 72,334 129,352 25%... 3,932 7,526 38,669 18,084 32,338... 458 1,283 1,384 1,102 2,438... (274) (900) (2,833)... (2,943) (17,846) (12,006) (8,013)... 4,390 5,866 21,933 6,280 23,930 I-37

9.... 125 600 1,667 675 1,073... 1 8 166 25 53... 176 473 2,553 995 1,660... 53 11... 210 1,530 690 1,040... 1,510 3,823 30,024 7,942 22,978... 206 426 3,195 729 2,361 1,716 4,459 34,749 9,361 26,379 10. 30,869,000 15,301,000 21,130,000 15,301,000 9,739,000 74,000,000 15,000,000 40,000,000 I-38

11. (a)... 210 1,530 690 1,040 i... ii... iii... iv... v...... I-39

i... 150 150 ii... iii... iv... 60 60 v...... 210 210 i... 600 600 ii... 360 360 iii... 60 60 iv... 240 240 v... 270 270... 1,530 1,530 I-40

i... 300 300 ii... 180 180 iii... iv... 120 120 v... 90 90... 690 690 i... 300 300 ii... 180 180 iii... 180 180 iv... 120 120 v... 260 260... 1,040 1,040 (i) (ii) (iii) I-41

(iv) (v) (b)... 472 491 860 300 441............ 472 491 860 300 441 I-42

1,000,000... 1 3 3 3 1,000,000... 5 4 2 2 2... 5 5 5 5 5 12. 1 I-43

13.... 849 849... 7,563 580 8,143... 7,563 1,429 8,992... 970 3,525 4,495... 7,563 2,399 3,525 13,487... 643 643... (427) (427)... 7,563 3,042 3,098 13,703... 673 673... 176 176... 849 849... 60 30 90... 60 879 939... 359 346 190 895... 419 1,225 190 1,834... 134 266 284 684... (39) (39)... 553 1,491 435 2,479...... 7,503 550 8,053... 7,144 1,174 3,335 11,653... 7,010 1,551 2,663 11,224 I-44

14....... 4,600 4,600... 4,600 4,600... 158 1,129 1,287... 158 5,729 5,887... 78 78... 236 5,729 5,965...... 383 383... 383 383... 6 1,652 1,658... 6 2,035 2,041... 40 936 976... 46 2,971 3,017...... 4,217 4,217... 152 3,694 3,846... 190 2,758 2,948 15.... 155 2,234 9,674 17,360...... 155 2,234 9,674 17,360 I-45

0 60 0 60... 155 2,234 9,674 16,087 60 90... 1,273... 155 2,234 9,674 17,360 60 90... 1,273 I-46

16. a.. 5,410 5,410 6,517 5,995 b... 179 1,170 2,183 3,078... 1,544... 4,496 833 1,324 1,409... 159 230 491 1,275... 40 903 476... 54 49 346 1,582... 10,298 7,732 11,764 15,359 (a) 5,410,000 (b) 17. a... 8,363 11,195 17,280 b... 5,964 8,719 7,380 c... 377 2,481 4,502 d... 258 e... 6... 14,704 22,401 29,420 I-47

(a) 8,363,000 11,195,000 30,507,000 30,518,000 (b) 5,964,000 19,318,000 10,736,000 10,736,000 (c) 377,000 2,481,000 8,602,000 4,552,000 (d) 300,000 569,000 (e) 8,000 350,000 350,000 18.... 1,073 22,591 150,984 127,243 3,363,000 I-48

19.... 31 228 175... [ ] [ ] [ ] [ ]... 545 2,597 4,814 9,780... 221 1,437 10,635 10,313... 225 253 6,029 683... 47 986 7,649 5,423... 4,000 a... 4,196... 220 227 1,900 1,332... 1,258 5,531 39,451 31,061 (a) 2% 4,196,000 30 30... 31 228 175 I-49

20.... 920 5,990... 158... 272... 1,112 272 920 7,260 a... 71 71 71 b... 4,000 71 4,071 71... 343 4,991 7,331 (a) (b) 24 21. I-50

22. (a)......... 10,000 10,000... 10,000 10,000 (b) 50,000,000 0.001 0.001 100 0.00001 50,000 5,000,000,000 0.00001...... 100 0.1... 100 0.1 0.1 0.66 100 10,000 0.00001 I-51

23. 206,000 426,000 3,195,000 729,000 2,361,000 24. (a) i... 4,600 (i) Beijing Exhibition Assets Appraisal Co. I-52

(b)... 494 816 4,458 1,961 3,648 25. 9,739,000 10 I-53

26....... 71 272 343... 71 272 343... 648 648... 4,000 4,000... 4,071 920 4,991... 6,340 (36,431) (30,091)... (9,739) (9,739)... (4,000) (4,000)... 46,170 46,170... 71 7,260 7,331... (71) (7,260) (129,000) (136,331)... 129,000 129,000...... 4,071 920 4,991... 2,709 2,709... 4,071 3,629 7,700 27. I-54

... 277 554 986 3,270... 33 65 300 10,312... 310 619 1,286 13,582 28. BVI..................... 0.1 100% 100% (a) 100 100% 100% (a) 100% (a) 92% 92% 92% 92% 100% (b) 100% 100% 92% 92% 100% (c) 10,000,000 92% 92% 100% (d) 92% 92% (e) I-55

(a) BVI (b) (c) (d) (e) 57,000 29. I-56

... 16,111 48,396 192,261... 147,681... 564 6,459 26,390 10,488 I-57

... 2,732 6,558 4,623 5% 137,000 328,000 231,000 I-58

9... 221 221... 272 272... 71 71... 564 564 I-59

... 1,468 1,468... 920 920... 4,071 4,071... 6,459 6,459... 19,059 19,059... 7,260 7,260... 71 71... 26,390 26,390... 10,488 10,488... 10,488 10,488 30. 31. [ ] 100,000,000 431,352,000 I-60

[ ] 39,638,000 39,638,000 I-61

A. 4.29(1) [ ] [ ] [ ] [ ] 1 2 3 4 [ ] [ ] [ ]... [91,221] [ ] [ ] [ ] [ ] [ ] [ ] [ ]... [91,221] [ ] [ ] [ ] [ ] II-1

(1) 93,933,000 2,712,000 (2) [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] (i) [ ] (ii) [ ] (iii) [ ] 1 0.8739 (3) [ ] [ ] [ ] [ ] [ ] (i) [ ] (ii) [ ] (iii) (4) 0.8739 1 (5) II-2

B. [ ] II-3

[ ] II-4

[ ] II-5

1. [ ] 2. [ ] 2.1 50,000 50,000,000,000 0.00001 2.2 (a) III-1

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

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

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

(h) (i) (ii) (iii) (iv) III-5

(v) (vi) (vii) (i) (j) 2.3 2.4 III-6

2.5 (i) (ii) (iii) III-7

2.6 2.7 III-8

2.8 15 2.9 III-9

21 2.10 21 14 (i) III-10

(ii) 95% 2.11 (i) (ii) (iii) (iv) (v) (vi) III-11

10 6 30 60 2.12 2.13 2.14 III-12

(a) (b) III-13

2.15 12 48 48 12 III-14

2.16 14 15 14 III-15

15 2.17 10 6 30 60 2.18 2.4 III-16

2.19 2.20 2.21 (a) 12 (b) 12 (d) (c) 12 (d) 12 III-17

1. 2. 3. (i) (ii) (iii) 37 (iv) (v) III-18

(vi) 4. 34 34 0 III-19

5. Foss v. Harbottle (a) (b) (c) 6. 7. 8. (i) (ii) III-20

(iii) 9. 10. 11. 12. III-21

13. (a) (b) (a) (b) 14. 75% 15. 90% III-22

16. 17. (a) (b) 18. 19. (Tax Concessions Law) 6 (i) (ii) (a) (b) (Tax Concessions Law) 6(3) III-23

20. 21. III-24

A. 1. 1 2 31 16 2. 50,000 50,000,000 0.001 0.001 99 0.001 59 20 20 0.001 100 0.00001 50,000 5,000,000,000 0.00001 100 10,000 431,352,000 IV-1

[ ] 39,638,000 [ ] [ ] [ ] [ ] [ ] [ ] 0.00001 [ ] 0.00001 3. [ ] [ ] (a) [ ] (1) (2)[ ] [ ] (3)[ ] [ ] (i) (ii) [ ] [ ] (iii) [ ] (iv) (b) (a) (b) (c) [ ] (d) IV-2

(e) (f) (1) [ ] 20% [ ] [ ] (2) (c) (c) [ ] [ ] [ ] 10% (d) (c) (c) [ ] [ ] [ ] 10% (e) [ ] D. 1.[ ] (1) [ ] (2) IV-3

[ ] [ ] [ ] 4. 5. (a) BVI BVI 50,000 0.001 0.001 (b) 100 100 BVI (c) 10,000,000 100% IV-4

(d) 10,000,000 6. (a) (i) [ ] [ ] 10% [ ] [ ] (ii) IV-5

(iii) 10% 30 5% (iv) (v) (a) (b) IV-6

(vi) 30 (vii) (b) (c) IV-7

(d) [ ] [ ] [ ] [ ] [ ] (i) (ii) (iii) 26 25% 8.08 IV-8

B. 1. a 100 b c d) [ ] 2. IV-9

(a) 1. 9 20534626 2. 9 18414102 3. 9 16183996 4. 9 14834349 5. 9 12403764 6. 9 11455287 7. 9 17126718 8. 9 23618898 9. 41 23618627 10. 9 23618916 11. 9 20112654 1. 9, 38, 41, 42 304622689 2. 9, 41 23406341, 23406725 3. 9 19110504 IV-10

4. 9, 28, 35, 38, 41, 42, 45 28547379, 28547413, 28547763, 28532342, 28536078, 28532377, 28543313 5. 41 20879717 6. 41 28032880 7. 9, 28, 35, 38, 41, 42, 45 28529947, 28539944, 28542997, 28536051, 28532359, 28531564, 28532385 8. 41 20879917 9. 41 28034360 10. 41 21696571 11. 9, 41 22029601, 22029691 12. 9, 41 22029620, 22029736 13. 9, 41 22029890, 22029690 IV-11

14. 9, 28, 35, 38, 41, 42, 45 28538935, 28529392, 28532326, 28532344, 28547807, 28544022, 28540372 15. 9, 42 22946525, 22946548 16. 9, 42 22946582, 22947640 17. 9, 41, 42 22946187, 22946829, 22947552 18. 9, 28, 35, 38, 41, 42, 45 28533759, 28539948, 28539969, 28532340, 28549872, 28531567, 28544032, 19. 9 28048482 20. 9, 28, 35, 38, 41, 42, 45 28548838, 28539259, 28549459, 28543979, 28549870, 28540335, 28549896 21. 9, 41 31662990, 31657720 IV-12

22. 9, 41 31661292 31661298 1. 9 DVD 2. 28 3. 35 4. 38 5. 41 6. 42 7. 45 (b) 1. jiaxianghudong.com 2. jixiang.cn 3. weile.com IV-13

(c) 1. V3.4.6 2016SR004864 2. V3.4.6 2016SR014938 3. V3.4.6 2015SR286192 4. V3.4.6 2015SR258248 5. V3.4.6 2015SR291218 6. V1.1.1 2016SR377845 7. V1.1.1 2016SR377843 8. V1.1.1 2016SR377884 9. V1.1.1 2016SR377848 10. V1.1.1 2016SR375254 IV-14

11. V1.1.1 2016SR375260 12. V1.1.1 2016SR375168 13. V1.1.1 2016SR375174 14. V1.1.1 2016SR333793 15. V4.4.6 2017SR027258 16. V4.1.1 2017SR025962 17. V4.4.6 2017SR022906 18. V2.1.1 2017SR021847 19. V2.0.0 2017SR011641 20. V2.0.0 2017SR006685 21. V1.0 2017SR119866 22. V1.1.1 2017SR338233 IV-15

23. V1.1.1 2017SR411071 24. V1.1.1 2017SR411064 25. V1.0 2017SR305448 26. V3.0.2 2015SR155614 27. V1.1.0 2016SR200980 28. V1.1.0 2016SR375182 29. V1.1.1 2017SR410387 30. V1.1.1 2017SR268513 31. V1.0 2017SR139938 32. V1.0 2017SR139933 33. V1.0 2017SR139943 IV-16

(d) 1. 2007101275321 C. 1. (a) [ ] [ ] XV XV 7 8 352 10 (i) [ ] [ ] (1) (3)... [ ] [ ] (4)... [ ] [ ] (5)... [ ] [ ] (6)... [ ] [ ] (7)... [ ] [ ] IV-17

(1) [ ] [ ] [ ] [ ] (2) (3) Wu Chengze Network Limited Wu Chengze Network Limited [ ] Wu Chengze Network Limited [ ] (4) Jiang Ming Kuan Network Limited Jiang Ming Kuan Network Limited [ ] Jiang Ming Kuan Network Limited [ ] (5) Su Bo Network Limited Su Bo Network Limited [ ] Su Bo Network Limited [ ] (6) Guo Shun Shun Network Limited Guo Shun Shun Network Limited [ ] Guo Shun Shun Network Limited [ ] (7) Men Geng Network Limited Men Geng Network Limited [ ] Men Geng Network Limited [ ] (ii) (1)... 10,000,000 (1)... 10,000,000 (1)... 10,000,000 100% 100% 100% (1) 10,000,000 92% 8% 10,000,000 92% 55.2% 92% 60% 18.4% 92% 20% 18.4% 92% 20% IV-18

(b) [ ] [ ] XV 2 3 10% (c) 10%... (1) 10,000,000 100% (1) 10,000,000 92% 8% 10,000,000 92% 55.2% 92% 60% 18.4% 92% 20% 18.4% 92% 20% 2. [ ] [ ] IV-19

3. 210,000 1,530,000 1,040,000... 1,000... 520... 520... 520... 520... 250... 150... 150 3.5 4. IV-20

5. (a) XV XV 7 8 352 (b) XV 2 3 10% (c) E. 5. (d) E. 5. (e) [ ] E. 5. (f) (g) 5% IV-21

D. 1. [ ] [ ] (a) [ ] (b) [ ] (c) [ ] 10% [ ] [ ] 10% [ ] IV-22

[ ] 30% (d) [ ] 12 1% 1% (e) [ ] IV-23

12 [ ] (i) 0.1% (ii) 5 (f) 30 [ ] 1.00 (g) (u) (i) (ii) (iii) IV-24

(h) [ ] [ ] [ ] [ ] (i) [ ] (i) (ii) IV-25

(j) (i) (ii) (k) (l) (m) IV-26

(n) (i) (ii) (iii) (o) (i) (ii) 12 (iii) (iv) (v) (vi) (vii) (viii) [ ] [ ] IV-27

(viii) (a) (b) (c) (d) (p) (q) 50% 14 IV-28

(r) (s) (t) (i) (ii) (l) (iii) (m) (s) (u) IV-29

17.03(13) 17.03(13) (v) (i) (ii) (iii) (w) [ ] [ ] [ ] [ ] [ ] (i) [ ] (ii) (v) IV-30

(x) [ ] [ ] 17.03 [ ] [ ] [ ] (y) [ ] [ ] (i) [ ] (ii) [ ] (a) [ ] (b) [ ] (c) [ ] IV-31

(z) [ ] [ ] [ ] 2. (a) (i) (ii) (iii) (b) (c) (10) IV-32

(d) (i) (ii) 3% 39,638,000 (l) (e) (i) (ii) IV-33

(f) (i) XIVA (ii) (a) 60 (b) 30 (iii) (g) IV-34

(h) (i) (ii) (iii) (iv) (v) (i) (i) (ii) (iii) (iv) (j) (k) (i) (10) (ii) IV-35

(l) [ ] 39,638,000 [ ]% [ ] 39,638,000 [ ]% [ ] 39,638,000 [ ] (1)... 9,043,000 [ ]% [ ] 12 903 (2)... 9,420,000 [ ]% [ ] 7 2505 IV-36

[ ] (3)... 7 3-701 [ ] 9,420,000 [ ]% (1)... 4,521,000 [ ]% [ ] 6 18 1403 (1)... 7,234,000 [ ]% [ ] 500 18 2208 39,638,000 [ ]% (1) (2) (i) 50% (iii) 50% (3) (i) 50% (ii) 50% IV-37

E. 1. 2. 3. [ ] [ ] [ ] 3A.07 6,000,000 4. IV-38

5. 1 4 6 6. E. 5. 7. [ ] 8. 50,000 IV-39

9. 44A 44B 10. 32L 4 11. (a) (i) (ii) (iii) 24 (iv) [ ] (v) (vi) (vii) (b) 12 (c) IV-40

1. (a) [ ] (b) B. 1. (c) E. 6. 2. 14 3 35 (a) (b) (c) (d) (e) (f) (g) [ ] [ ] [ ] (h) V-1

(i) B. 1. (j) E. 6. (k) C. 2. (l) [ ] (m) (n) V-2