7Road Holdings Limited 666,680,000 66,668, ,012, % %0.005% C

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Transcription:

797

7Road Holdings Limited 666,680,000 66,668,000 600,012,000 2.22 1.50 1% 0.0027%0.005% 0.000005 797 342C 2.22 1.50 1.50 2.22 www.hkexnews.hkwww.7road.com S

(1).......................... www.eipo.com.hkeipo 2......... 3......... 4.................. eipo................ 3...................... 5................................. www.hkexnews.hk www.7road.com 6.................. 11.............................. www.iporesults.com.hk https://www.eipo.com.hk/en/allotment https://www.eipo.com.hk/zh-hk/allotment................................................... 7............................................................. i

(1) (1) (2) www.eipo.com.hk (3) (4) 6. (5) (6) (7) 1,000,000 183 17 1712 1716 1,000,000 1,000,000 183 17 1712 1716 13. (1) (2) ii

www.7road.com............................................................................................................................................ i iii......................................................................... 1......................................................................... 13......................................................................... 30................................................................... 33..................................................................... 35........................................................ 85............................................. 88.................................................... 92..................................................................... 96..................................................................... 98..................................................................... 110 iii

................................................................... 124......................................................................... 148..................................................................... 206............................................................ 228..................................................................... 233............................................................ 237......................................................................... 247..................................................................... 251..................................................................... 254................................................................... 295...................................................... 300........................................................ 303......................................................................... 313.................................................... 323......................................................... I-1............................................... II-1.................................... III-1..................................................... IV-1...................................... V-1 iv

100 H5 15 12 H5 (1)10(2) H5 H5 1

52,757 14.1% 48,815 12.3% 46,116 10.4% 250,027 66.6% 161,283 40.0% 105,546 23.7% 30,984 8.2% 26,379 6.5% 17,413 3.8% 154,327 34.7% 38,344 9.5% 62,638 14.0% 10,934 2.9% 70,726 17.5% 2,181 0.5% 708 0.2% 344,702 91.8% 345,547 85.8% 388,929 87.3% 2

1. 2. 3. (H5) H5 4. 5. 6. 7. 8. 9. (1) 10. 11. (1) 3

(1) 1. 3D 2. 3. 4. S 5. N 6. XX 7. Luna 8. 9. II H5 10. (H5) (2) 11. (H5) SNK 12. (H5) (2) 13. H5 14. 3D H5 (1) (2) beta (1)(2) (3)(4) (5) (6) 149 (1) (2) 4

(3)(4)(5) 155 ~0-40% 100% ~60-100% 100% 100% ~20-100% (2) ~0-80% (1) Facebook (2) 100,000 ~20-40% 100% ~60-80% 100% 100% ~20-50% ~50-80% 5

(1) (2) (3) 100% (1) 21.5% 16.6% 10.9% 30.8% 20.2% (2) 206 A233 (1) (2) (3) (4) (5) 6

88.0% 47.0% 57.6% 70.2% 12.9% 26.8% 18.1% 5.0% 190 210.2 235.1 224.8 55.9% 58.3% 50.4% 19.0% 26.1% 28.3% 15.52% 5.0% 342,000294,000613,0004.0% 4.9% 10.0% (1) (2) 7,733 4,670 2,708 826 1,341 3,400 (3) 283 185 122 59 109 491 (4) 408 416 403 490 378 136 333,768 236,477 169,075 (5) 10,934 109,070 219,854 7

(1) (2) (3) (4) (5) 8 375,611 100% 403,151 100% 445,295 100% (62,881) (16.7%) (43,601) (10.8%) (37,881) (8.5%) 312,730 83.3% 359,550 89.2% 407,414 91.5% 171,777 45.8% (2,083) (0.6%) 293,558 66.0% 181,861 48.5% 2,365 0.5% 279,245 62.8% (13,130) (3.5%) (19,205) (4.8%) (22,064) (5.0%) 168,731 45.0% (16,840) (4.3%) 257,181 57.8% 228.8 168,731 (16,840) 257,181 13,461 228,840 6,116 182,192 212,000 263,297

344,702 91.8% 345,547 85.8% 388,929 87.3% 19,140 5.2% 15,237 3.8% 6,663 1.5% 311,123 82.8% 258,426 64.1% 371,603 83.4% 1,657 0.4% 378 0.1% 12 0.0% 12,782 3.4% 71,506 17.8% 10,651 2.4% 9,925 2.6% 43,724 10.8% 46,577 10.5% 20,984 5.6% 13,880 3.4% 9,789 2.2% 375,611 100.0% 403,151 100.0% 445,295 100.0% 165,020 43.9% 209,822 52.0% 295,958 66.5% 210,591 56.1% 193,329 48.0% 149,337 33.5% 375,611 100.0% 403,151 100.0% 445,295 100.0% 333,768 88.9% 236,477 58.8% 169,075 37.9% 10,934 2.9% 109,070 27.0% 219,854 49.4% 344,702 91.8% 345,547 85.8% 388,929 87.3% 442,706 529,294 438,007 264,819 375,657 479,455 150,001 184,603 55,950 279,378 224,748 305,667 707,525 904,951 917,462 9

14.6 66.5 30.76% 20.24% 131 139 30% 228 1.86 1.50 2.22 1,148.4 30% 344.5 30% 344.5 20% 229.8 10% 114.8 300 10

1.86 74.9 30.4 44.5 7.36.1 1.2 67.630.4 28.2 39.4 38.6 25.0% 15.0% 1.50 2.22 90.0% 10.0% 1.50 2.22 (1) 4,000.0 5,920.0 (2) 0.59 0.76 (1) 2,666,680,000 (2) (3) 11

1.9 0.9 0.8 0.49% 0.23% 0.17% 192 5,040,000 (1)10 (2) 12

Ben Holdings Ben 7Road Holdings Limited 13

1 4 6 Changyou.com Limited Chendifeng Holdings Chendifeng Holdings Limited 4.22% 18.11% 14

22 622 32 15

15.52% ESOP 1 Holdings 7Road Elite Holdings Limited Ben Holdings 4,946,600 ESOP 2 Holdings 7Road Talent Holdings Limited World Holdings 4,000,000 6 16

1 4 eipo Juze Holdings Limited 66,668,000 1% 0.0027% 17

0.005% ICP 600,012,000 S 18

1% 0.0027%0.005% Hogan Lovells 19

Liuzhan Holdings Liuzhan Holdings Limited Liweimin Holdings Liweimin Holdings Limited 20

1% 0.0027% 0.005% 2.22 1.50 21

100,002,000 15% 100,002,000 Paypal 22

Red Shanghai Holdings Red Shanghai Holdings Limited S S 33 23

SCGC 571 24

Baohu Holdings Limited Rongxi Holdings Limited 25

Shangyulongcheng Holdings Limited 0.000005 SNK SNK Playmore Corporation Songshuxing Holdings Songshuxing Holdings Limited 26

S eipo (www.eipo.com.hk) eipo World Holdings World 7Road Holdings Limited Yanglei Holdings Yanglei Holdings Limited 27

Zhoufashun Holdings Zhoufashun Holdings Limited Zing Holdings Zing 7Road Holdings Limited % 7Road BVI 7Road Fun Limited 7Road BVI 7Road International 7Road International Group Limited 7Road International 7Road Singapore 7Road International Pte. Ltd. 7Road UK 7Road (UK) Company Limited 7Road International 28

29

(1) (2) Google Inc. beta 30

H5 HTML ios Apple Inc. iphone ipod ipad IP (1) 31

(2) 32

33

34

(1) (2) (3)(4) 89.6% 81.9% 84.5% 80.7% 52.3% 34.1% 34.7% 35

342,000 613,000 H5 Garena Online 86.2% 81.8% 85.8% 57% H5 36

121.2 37

38 ICP (1) (2) PK (3) (4) 30 30

(1) (2) (3) (4) (5) 39

342,000 294,000 613,000 4.0% 4.9% 10.0% 40

300 H5 41

10 83.3% 89.2% 91.5% 42

Facebook Google Play 360 Miniclip.com King.comRovio Entertainment Corporation 43

H5 H5 H5 H5 ios H5 44

21 45

46

47

48

49

Google Play Facebook Google Play Facebook Google Play Facebook Google Play Facebook Facebook 13 13 50

51

52

53

54

ICP ICP 55

121124103311951 14.6 56

120 123.1 149.8 101.4 46.4 57.7 44.8 37.5% 38.2% 43.7% 0.4 1.3 1.3 57

5,040,000 30.9 58

42.0 123.0 186.6 201.1 175.3 36,000 7.3 313,000 13.6 4.5 59

1.9 0.9 0.8 0.49% 0.23% 0.17% (OFAC) 60

(1) (2) (3) 25.0% 25.0% 10.0% 15.0% 28.6 148,000 40.8 61

10.0% 25.0% 5.0% 62

5% 10.0% 25.0% 82 9 82 (1) (2) (3) (4)50.0% 8245 82 45 82 45 82 25.0% 63

64

65

66

10.0% 50.0% 67

37 (1) (2) 68

13 13 37 13 37 13 37 13 37 13 37 13 69

70

7 7 68 68 71

10.0% 10.0% 20.0% 20.0% 72

10.0% 20.0% 73

(1) (2) (3) 74

75

21.5% (1) (2) 76

77

10% 15.0% 78

79

(1) (2) (3) (1)(2) (3) 80

(1) (2) (3) ESOP 1 Holdings ESOP 2 Holdings 81

82

83

84

8.12 8.12 (a) 3.05 (b) 3A.19 (c) 85

3.28 8.17 3.28 3.28 8.17 3.28 3.28 8.17 3.28 3.28 8.17 3.28 8.17 A A 8.05(3)8.05A 8.058.05(1) 8.05(2) 8.05(3) 86

8.05A 8.05(3)(a) 8.05(3)(b) (a) (b) 8.05(3) 8.05(3)(b) 8.05A 8.05(3)(b) (a) (b) (c) 8.05(3) 87

571V 88

2,000 797 89

Sertus Incorporations (Cayman) Limited 1.001.22 1.006.41 1.00 7.84 90

91

230 231 231 N15 11 B 19C 223-1 A 1403 4 258 51702 18 7 20 G 18 454515 68 4 6 49 92

189 29 30 3 12 189 29 30 3 12 189 22 41 23 25 3 45 71 19 93

189 7 183 25 2511 18 11 168 200 28 2815 26 II 7 702 28 B 10 Walkers 18 15 94

Hogan Lovells 88 11 Wilson Sonsini Goodrich & Rosati 1 15 1509 8 A 701 22 333 B 7 1 95

Sertus Chambers, Governors Square Suite #5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547 Grand Cayman, KY1-1104 Cayman Islands 15 A1 A2 17 18 28 18 www.7road.com 15 A1 18 (CPA, FCCA) 25 3 4 C 230 231 231 (CPA, FCCA) 25 3 4 C 96

1 11 Sertus Incorporations (Cayman) Limited Sertus Chambers, Governors Square, Suite #5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Islands 183 17 1712 1716 31 16 10 97

(1) (1) (1) 0.5 98

(2) (3) 1,0899.3% 5.2% 29927.4% 299283 464 42.6%9.4% 729 51210.1% 5.5% 362 70.8% 270 4.4% 2.7% 15.3% 13.9% 44 10.1% 2229.7% 2.2% 99

31% 33% 24% 30% 25% 32% 22% 17% 12% 7% 4% 5% 11% 10% 13% 9% 8% 6% 5% 4% 3% 848.1 809.8 764.3 707.9 647.4 571.8 519.7 467.6 41% 44% 444.4 38% 33% 28% 375.8 15% 19% 21% 25% 335.5 287.1 235.5 178.9 143.6 67.1 89.2 110.5 883.7 911.1 46% 46% 402.3 419.6 % % % 100

360 6.4%7.72 1.8 91.2% 1.0 7.53 97.5% 101

360 3D 102

(1) (2) (3) 1,489 45.6% 103

40.6% 69.2% 86.0% 103.7% 81.9% 45.6% 31.2% 22.7% 16.1% 9.4% 5.4% 6.2 8.8 14.8 27.6 56.2 102.3 148.9 195.4 239.7 278.3 304.5 320.9 (%) 26.5% 125 9.7% 64.1% 104

(1) (2) H5 H5 H5 H5 Flash H5 H5 H5 H5 H5 H5 H572.0120.3 H5 20 830.0% 746.5% 278.7% 141.5% 20.1% 15.6% 10.5% 8.9% 15 10 7.20 8.65 10.00 11.05 12.03 5 2.98 0 0.01 0.09 0.79 H5 H5 105

H5 H5 H5 H5 H5 H5 H5 H5 ios H5 H5 H5 H5 H5 H5 H5 Flash 106

Unity3d H5 66.6% 47.1% 60.9% 15.8 31.2% 4.5% 20.7 21.6-26.1% -0.7% 1.2% -0.3% 0.5% -1.0% -0.5% 16.0 15.9 16.0 16.0 16.1 15.9 15.8 6.7 9.8 (%) 13.6 56% 299.8 300,000 產 並 80%6.5% 107

6.5% 1,035 88.9% 80% 162.0 A 105.8 B 83.0 C 62.3 D 44.0 108

H5 109

ICP 2017 2016 110

50% 2017 111

30 <> <> <> (1) (2) (3) (4) (5) 112

20 (1)(2) PK (3) (4) 113

114

2008 2010 115

90 30 <> 116

30 30 2016 22 (1) (2) 117

[2014] 37 37 37 13 19 19 118

16 16 16 16 10% 50% 119

25% 10% 25% 10% 5%7% 120

6% 36 (1) (2) (3) 121

10 122

123

H5 202223% 30.76% 20.24% 124

300,000 Facebook 125

10 ICP 26 10 126

1.00 1 1.0 68.26%68.26 31.74%196.99 CYOU 127

(1) (2) (3) (4) (1) (2) 128

205 51% 23.50% 16.56% 10.95% 157.14 110.73 73.21 118 17.50% 129

23.50% 16.56% 10.95% 17.50% 31.50% 002464 603519 130

30.76% 17.50% 2.00% 0.74% 1,292 850.08 21.50% 16.56% 10.95% 30.76% 20.24% 131

98.00% 10.49% 1.049% 51% 21% 30% 1 70% 30% 1.0 10 132

7Road International 1.00 23% 27.622.5 14.1 8.35.1 2022 15.52% 133

21.50% 16.56% 10.95% 30.76% 20.24% 100% 100% 100% 100% 100% 100% 7Road UK 100% 7Road Singapore 134

Ben Holdings (1) 100% World Holdings (1) 100% Zing Holdings 100% (2) 100% (2) 100% (2) 100% Red Shanghai Holdings (2) 100% (3) 100% (3) 100% Songshuxing Holdings (3) 100% Liweimin Holdings (3) 100% Liuzhan Holdings (3) 100% Zhoufashun Holdings (3) 100% Yanglei Holdings (3) 100% Chendifeng Holdings (3) 100% ESOP 1 Holdings (4) Ben Holdings 100% ESOP 2 Holdings (4) World Holdings 100% (1) (2) (3) (4) 50,000 500,000,000 0.0001 Ben HoldingsBen Holdings 9,999 135

(1) 30.76% (2) 20.24% 99,990,000 Ben Holdings 21,496,100 21.4961% World Holdings 16,557,300 16.5573% Zing Holdings 2,000,000 2.0000% 43,600 0.0436% 8,720,500 8.7205% 17,635,700 17.6357% Red Shanghai Holdings 4,360,200 4.3602% 59,400 0.0594% 864,800 0.8648% Songshuxing Holdings 9,496,800 9.4968% Liweimin Holdings 2,161,900 2.1619% Liuzhan Holdings 3,459,100 3.4591% Zhoufashun Holdings 1,729,500 1.7295% Yanglei Holdings 475,600 0.4756% Chendifeng Holdings 1,992,900 1.9929% ESOP 1 Holdings (1) Ben Holdings 4,946,600 4.9466% ESOP 2 Holdings (1) World Holdings 4,000,000 4.0000% (1) ESOP 1 Holdings ESOP 2 Holdings 8,946,600 136

8.9466% 7Road BVI 7Road BVI 7Road International 7Road International 7Road Singapore 7Road UK 7Road International 2.0 5% 250,000 95% 5% 2.97 156,167 137

1. 2. 3. 138

8,946,600 8.9466% ESOP 1 Holdings ESOP 2 Holdings ESOP 1 Holdings ESOP 2 Holdings 66 3.78% 2,666,680,000 100,800,000 139

30.76% 1,292 20.24% 850.08 50% 1,292 850.08 140

1.92 1.86 3.2% 1.92 1.86 3.2% 23.07% 15.18% 10% 10% 141

(1) (2) (HKEx-GL29-12) (HKEx-GL43-12) 0.0001 20 0.000005 50,000 10,000,000,000 0.000005 10,000 2,000,000,000 0.000005 142

(1) (2) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Ben Holdings World Holdings Zing Holdings Red Shanghai Holdings Songshuxing Holdings Liweimin Holdings Liuzhan Holdings Zhoufashun Holdings Yanglei Holdings Chendifeng Holdings ESOP 1 ESOP 2 Holdings (4) Holdings (4) 21.4961% 16.5573% 2.0000% 0.0436% 8.7205% 17.6357% 4.3602% 0.0594% 0.8648% 9.4968% 2.1619% 3.4591% 1.7295% 0.4756% 1.9929% 4.9466% 4.0000% 100.0% (3) 100.0% 7Road BVI 100.0% 21.50% 16.56% 10.95% 30.76% 20.24% 100.0% 100.0% 100.0% 143

(1) (2) (3) 7Road International7Road UK 7Road Singapore (4) ESOP 1 Holdings ESOP 2 Holdings178,932,000 144

(1) (2) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Ben Holdings World Holdings Zing Holdings Red Shanghai Holdings Songshuxing Holdings Liweimin Holdings Liuzhan Holdings Zhoufashun Holdings Yanglei Holdings Chendifeng Holdings ESOP 1 ESOP 2 Holdings (4) Holdings (4) 16.1220% 12.4179% 1.5000% 0.0327% 6.5403% 13.2267% 3.2701% 0.0445% 0.6486% 7.1226% 1.6214% 2.5943% 1.2971% 0.3567% 1.4947% 3.7099% 3.0000% 25.0000% 100.0% (3) 100.0% 7Road BVI 100.0% 21.50% 16.56% 10.95% 30.76% 20.24% 100.0% 100.0% 100.0% (1) (4) 132 145

37 13 13 37 13 (1) (2) (3)(4) (1)5% 146

(2) 147

100 H5 262 76.8% 12 1512 H5 (1) (2) (1) (2) 0700 002354 Sea Ltd. 148

SEGarena Online 2022 14 7030 11 342,000 613,000 59,000 491,000 375.6 403.2 445.3 312.7 359.6 407.4 83.3% 89.2% 91.5% 182.2 212.0 263.3 100 16 149

Facebook 12 1,840,000820,00058,00061,000 300 467.3 3.0 1.4 150

15400 26276.8% 100 149.333.5% 151

21 196 116211 136 24 207.1 152.1 145.3 152

(H5) 3D 21.0 13.9 9.8 3D (H5) 0700 70 30 2022 23% 002354 153

Garena Online Sea Ltd. SE 30 10 13 BIDU H5 18 467.3 154

3D II H5 H5 H5 155

H5 (H5) SNK (H5) Facebook 156

344,702 91.8% 345,547 85.8% 388,929 87.3% 19,140 5.2% 15,237 3.8% 6,663 1.5% 311,123 82.8% 258,426 64.1% 371,603 83.4% 1,657 0.4% 378 0.1% 12 0.0% 12,782 3.4% 71,506 17.8% 10,651 2.4% 9,925 2.6% 43,724 10.8% 46,577 10.5% 20,984 5.6% 13,880 3.4% 9,789 2.2% 375,611 100.0% 403,151 100.0% 445,295 100.0% 157

333,768 88.9% 236,477 58.8% 169,075 37.9% 10,934 2.9% 109,070 27.0% 219,854 49.4% 344,702 91.8% 345,547 85.8% 388,929 87.3% 16 H5 (1) (2) (3) 158

產 H5 1. 2. 3. (H5) H5 4. 5. 6. 7. 8. 9. (1) 159

10. 11. (1) 160

467.3 3 161

1.4 162

並 52,757 14.1% 48,815 12.3% 46,116 10.4% 250,027 66.6% 161,283 40.0% 105,546 23.7% 30,984 8.2% 26,379 6.5% 17,413 3.8% 154,327 34.7% (1) 38,344 9.5% 62,638 14.0% (2) 10,934 2.9% 70,726 17.5% 2,181 0.5% (2) 708 0.2% 344,702 91.8% 345,547 85.8% 388,929 87.3% (1) (2) 163

II 164

300 (1) (2) (3) % 154,327 34.7% 105,546 23.7% 62,638 14.0% 46,116 10.4% 7,196 1.6% 165

% 161,283 40.0% 70,726 17.5% 48,815 12.3% 38,344 9.5% (1) 10,601 2.6% 250,027 66.6% 52,757 14.1% (1) 15,660 4.2% 10,934 2.9% 6,796 1.8% (1) H5 166

H5 H5 H5 H5 H5 48.5 113.5 (1) 1. 3D (2) 2. 3. 4. S 5. N 6. XX 7. Luna 8. 9. II 167

H5 (1) 10. H5 SNK 11. H5 (2) H5 12. H5 (2) 13. H5 14. 3D (1) (2) beta 13 168

H5 H5 H5 H5 H5 169

262 76.8% 62.3% 21.7% 31.8% 170

15 H5 18 beta beta 171

150 15 Beta beta beta30 beta 172

beta beta 100,000 beta beta beta beta 產 21 產 173

(1) (2) 323,905 86.2% 329,932 81.8% 382,254 85.8% 20,797 5.6% 15,615 4.0% 6,675 1.5% 344,702 91.8% 345,547 85.8% 388,929 87.3% 174

Google Play Facebook (1) (2) 20% 30% 175

0700 55% 70% 55% 70 30 2022 23% 002354 Garena Online Sea Ltd. SE 30 10 176

11 ICP 210.2 235.1 224.8 55.9% 58.3% 50.4% 19.0% 26.1% 28.3% 15.52% 5.0% 177

% A 126.0 28.3% 6 B 32.0 7.2% 6 C 26.4 5.9% 6 D 22.4 5.0% 1 E 18.0 4.0% 1 224.8 50.4% F 105.0 26.1% 2 B 45.9 11.4% 6 C 45.4 11.2% 6 G 22.6 5.6% 6 H 16.2 4.0% 6 235.1 58.3% B 71.5 19.0% 6 178

% C 63.4 16.9% 6 G 38.6 10.3% 6 I 18.5 4.9% 6 H 18.2 4.8% 6 210.2 55.9% ios (1) (2) (3) (4) (5) 179

0.8 0.8 0.9 Paypal 15 120 180

~0-40% 100% ~60-100% 100% 100% ~20-100% (2) ~0-80% (1) Facebook (2) 100,000 ~20-40% 100% ~60-80% 100% 100% ~20-50% ~50-80% 181

(1) (2) (3) (2) 7,733 4,670 2,708 4,078 3,020 1,836 3,121 1,508 818 533 143 55 826 1,341 3,400 (5) 3,049 (6) 709 338 (1) 826 632 14 (3) 283 185 122 103 80 58 157 95 61 23 10 3 59 109 491 (5) 461 (6) 52 28 (1) 59 57 3 (4) 408 416 403 176 190 203 568 592 584 357 543 590 490 378 136 (5) 120 (6) 521 442 (1) 490 311 349 333,768 236,477 169,075 52,757 48,815 46,116 250,027 161,283 105,546 30,984 26,379 17,413 (5) 10,934 109,070 219,854 (6) 154,327 (7) 38,344 62,638 (1) 10,934 70,726 2,181 (1) (2) (3) 182

(4) (5) (6) 1,776,000102,000 138 (7) (1) (2) (1) 8,559 6,012 6,109 (2) 7,194 4,093 3,836 (3) 10,822 6,640 3,739 (1) (2) (3) 183

21 465 360 719 3,677 3,042 3,880 150 171 138 1,384 449 417 35 22 103 144 92 361 96 47 33 463 243 210 1 0 3 2 1 47 86 50 36 466 245 169 170 98 55 1,155 342 157 67 39 23 493 166 138 135 128 44 775 1,431 729 1,205 915 1,153 8,559 6,011 6,108 184

20 185

186

187

100 1.20.91.2 8.66.06.1 342,000294,000613,000 4.0% 4.9% 10.0% H5 H5 826,0001,341,0003,400,000 188

QQ 9.9 43.7 46.6 2.6% 10.8% 10.5% 21.0 13.9 9.8 5.6% 3.4% 189

2.2% 190

15 6030 60 30 60 30 60 88.0% 47.0% 57.6% 70.2% 12.9% 26.8% 1.9% 14.0% 5.3% 2.0% 5.0% 34.7% 5.0 7.2 131.0 18.1% 5.0% 191

% A 20.3 26.8% 1 B 9.4 12.4% 2 C 8.1 10.7% 4 D 3.4 4.5% 1 E 2.5 3.2% 2 43.7 57.6% C 11.4 12.9% 4 B 11.3 12.7% 2 F 9.4 10.6% 1 G 4.9 5.5% 1 H 4.7 5.3% 1 41.7 47.0% I 97.2 70.2% 3 C 10.5 7.6% 4 J 8.4 6.1% 10 3.1 2.2% 4 KA 2.6 1.9% 6 121.8 88.0% 192

100 1.9 0.9 0.8 0.49% 0.23% 0.17% (a) (b) (c) 193

(1) (2) (3) 194

195

IP 724 (1) H5(2) (3) 14 262 12,000 13,000 15,000 149.5 90.7 92.5 39.8% 22.5% 20.8% 196

341 289 84.7 262 76.8 27 7.9 7 2.1 45 13.2 341 100.0% 197

198

567road.com dandantang.com 196116211 136 (1) (2) 24(3) B. 2. 199

5.01(2) 1,603.6 6(2) 342(1)(b) 34(2) 15% 4,700 800 200

1,000 10,000 ICP ICP 90 201

30 30 60 3367 Facebook 202

(1) (2) 203

15 11 16 204

4 4 205

(1) (2)(3) (4) 50% 206

(1) (2) i. Google Play Apple Inc.Facebook 21 ii. 100 iii. 136 24 207

(1) (2) (3) 1 2 3 4 100% (1) (2) (3) (4) (5) 21.5% 16.6% 10.9% 30.8% 20.2% (6) (1) (2) 208

(3) (4) (5) (1) (2) (1) (2) (3) 1 (4) 209

(5) 1 (6) (7) (8) (9) (10) (11) 10 (1) (2) 210

(1) (2) (3)(4) (5) (6) (1) (2) (3) (4) (5) (6) (7) (8) (9) 211

60 (1) (2)(3) (4) (5) 242 49 10 30 (1) (2) 212

(1) (2)(3) (1) (2) 213

(1) 1 (2) (3) 1 (4) 214

i. ii. iii. (i) (ii) 215

iv. v. vi. vii. 3 2 216

4 (1) (2) (3) (1)(2) (3) 217

52 (1) (2) 52(1) (2) (3) (4) (5) 52(4) (1) (2) 4 52 (1) (2) (3)52 218

1 219

50% (a) (b) 220

(c) 19 (1) 221

(2) (3) 10100 10% 222

550 5% i. 23.07% ii. 16.12% iii. 12.42% 223

iv. ESOP 1 Holdings ESOP 2 Holdings 6.71% v. 58.32% 56.21% 50% vi. 224

ESOP 1 ESOP 2 (1) ESOP 1 Holdings ESOP 2 Holdings (2) (3) (4) ESOP 1 Holdings ESOP 2 Holdings (a) (b) (5) (a) 225

(b) (1) (2) (3) (4) (2) (3) (4) (1) (2) 226

XIVA (1)(2) < > (1) (2) (3) (4) 227

0.04% 8.72% 17.64% 4.36% 30.76% 30.76% 30% 23.07% 30% 18.11% 4.22% 228

28.7 60.9 8.10 229

230

231

232

A A (1) (2)(3) 12 233

A A (1) 14A.105 (2) 14A.53 (1) (2) (4) A (5) (3) (1) 234

(2) (3) (4) A (5) (1)(2) (3) (4) 235

A A (1) 14A.105 (2) 14A.53 (1) (2) (3) (4)(1) (2) (3) 236

40 36 37 31 28 43 38 43 (1) (2) (1) (2) 40 237

13 A8 2022 36 37 13 10 238

31 28 43 20 SOHU 239

38 SINA 43 0700 Tencent E-Commerce Holdings Limited 13.51(2) (1) XV (2) (3) (4) 13.51(2) 240

36 42 34 35 34 34 36 12 42 18 241

GEM 8198 34 35 34 242

34 34 43 19 (University of Glamorgan) 3.21 3.25 243

3.21 C.3 3.25 B.1 A.5 A.2.1 244

8.05(3)(b) 8.12 3.28 8.17 3A.19 3A.23 245

13.10 10.7 180.1 1.3 14.56 229.98 2.93 246

1. 10,000,000,000 0.000005 50,000 2,000,000,000 0.000005 10,000 2. 10,000,000,000 50,000 2,000,000,000 10,000 666,680,000 3,333.4 2,666,680,000 13,333.4 8.08 25% 247

(1) (2)(3)(4) (5) D. 248

(1) (2) (3) (1) 20% (2) (1) (2) (3) 10% 249

(1) (2) (3) 250

XV23 10% (1) (1) (2) 30,760,000 30.76% 615,200,000 23.07% (2)(3) 30,760,000 30.76% 615,200,000 23.07% (2) 30,760,000 30.76% 615,200,000 23.07% (2)(3)(4) 30,760,000 30.76% 615,200,000 23.07% (2)(3) 30,760,000 30.76% 615,200,000 23.07% (2)(3) 30,760,000 30.76% 615,200,000 23.07% (2) 30,760,000 30.76% 615,200,000 23.07% (2)(5) 30,760,000 30.76% 615,200,000 23.07% 251

(1) (1) (2)(5) (2)(5) 30,760,000 30.76% 615,200,000 23.07% 30,760,000 30.76% 615,200,000 23.07% (2)(5) 30,760,000 30.76% 615,200,000 23.07% (2)(5) 30,760,000 30.76% 615,200,000 23.07% Red Shanghai Holdings (2) 30,760,000 30.76% 615,200,000 23.07% (2)(6) 30,760,000 30.76% 615,200,000 23.07% Ben Holdings (7) 26,442,700 26.44% 528,854,000 19.83% (7)(9) 26,442,700 26.44% 528,854,000 19.83% World Holdings (8) 20,557,300 20.56% 441,146,000 15.42% (8)(10) 20,557,300 20.56% 441,146,000 15.42% Songshuxing Holdings 9,496,800 9.50% 189,936,000 7.12% (11) 9,496,800 9.50% 189,936,000 7.12% (1) (2) 252

(3) 50% 50% (4) (5) 48.93% 38.73% 12.34% (6) Red Shanghai Holdings Red Shanghai Holdings (7) ESOP 1 Holdings Ben HoldingsBen HoldingsESOP 1 Holdings (8) ESOP 2 Holdings World HoldingsWorld HoldingsESOP 2 Holdings (9) Ben Holdings Ben Holdings (10) World Holdings World Holdings (11) Songshuxing Holdings Songshuxing Holdings XV23 10% 253

100 H5 342,000 613,000 826,000 3,400,000 375.6 403.2 445.3 312.7 359.6 407.4 83.3% 89.2% 91.5% 182.2 212.0 263.3 254

16 H5 255

256

(1)(2)(3) 2 4 257

Facebook App Store Google Play 258

259

260

375,611 100% 403,151 100% 445,295 100% (62,881) (16.7%) (43,601) (10.8%) (37,881) (8.5%) 312,730 83.3% 359,550 89.2% 407,414 91.5% (149,544) (39.8%) (90,667) (22.5%) (92,518) (20.8%) (5,745) (1.5%) (46,237) (11.5%) (16,156) (3.6%) (16,754) (4.5%) (26,198) (6.5%) (31,803) (7.1%) (13,461) (3.6%) (228,840) (56.8%) 39,347 10.5% 24,732 6.1% 21,361 4.8% 5,204 1.4% 5,577 1.4% 5,260 1.2% 171,777 45.8% (2,083) (0.6%) 293,558 66.0% 11,291 3.0% 6,778 1.7% 6,267 1.4% (1,243) (0.3%) (5,136) (1.3%) (7,281) (1.6%) 10,048 2.7% 1,642 0.4% (1,014) (0.2%) 36 7,306 1.8% 313 0.1% (4,500) (1.1%) (13,612) (3.1%) 181,861 48.5% 2,365 0.5% 279,245 62.8% (13,130) (3.5%) (19,205) (4.8%) (22,064) (5.0%) 168,731 45.0% (16,840) (4.3%) 257,181 57.8% 13,461 3.6% 228,840 56.8% 6,116 1.4% (1) 182,192 48.6% 212,000 52.5% 263,297 59.2% (1) 261

344,702 91.8% 345,547 85.8% 388,929 87.3% 19,140 5.2% 15,237 3.8% 6,663 1.5% 311,123 82.8% 258,426 64.1% 371,603 83.4% 1,657 0.4% 378 0.1% 12 0.0% 12,782 3.4% 71,506 17.8% 10,651 2.4% 9,925 2.6% 43,724 10.8% 46,577 10.5% 20,984 5.6% 13,880 3.4% 9,789 2.2% 375,611 100.0% 403,151 100.0% 445,295 100.0% 262

165,020 43.9% 209,822 52.0% 295,958 66.5% 210,591 56.1% 193,329 48.0% 149,337 33.5% 375,611 100.0% 403,151 100.0% 445,295 100.0% 100 333,768 88.9% 236,477 58.8% 169,075 37.9% 10,934 2.9% 109,070 27.0% 219,854 49.4% 344,702 91.8% 345,547 85.8% 388,929 87.3% 263

62.9 43.6 37.9 16.7% 10.8% 8.5% 21,290 5.7% 18,355 4.6% 3,015 0.7% 7,542 2.0% 746 0.2% 1,645 0.4% 10,309 2.7% 4,896 1.2% 3,490 0.8% 12,336 3.3% 6,960 1.7% 3,427 0.8% (1) 11,404 3.0% 12,644 3.1% 26,304 5.8% 62,881 16.7% 43,601 10.8% 37,881 8.5% (1) 312.7 359.6 407.483.3% 89.2% 91.5% 264

43,407 11.6% 63,636 15.8% 69,621 15.6% 94,069 25.0% 6,974 1.7% 7,767 1.8% 12,068 3.2% 20,057 5.0% 15,130 3.4% 149,544 39.8% 90,667 22.5% 92,518 20.8% 39.4% 46.6%63.6 968 0.3% 2,000 0.5% 176 0.0% 4,633 1.2% 43,784 10.9% 15,323 3.4% 144 0.0% 453 0.1% 657 0.2% 5,745 1.5% 46,237 11.5% 16,156 3.6% 265

16.8 26.2 31.8 4.5% 6.5% 7.1% 13.5 228.8 1,994 5,940 5,924 8,691 606 838 343 11,291 6,778 6,267 (885) (4,122) (6,401) (358) (1,014) (880) (1,243) (5,136) (7,281) 10,048 1,642 (1,014) 10.0 3.0% 266

10.0 83.7%1.6 (1)(2) 13,197 18,028 20,601 (67) 1,177 1,463 13,130 19,205 22,064 16.5% 25.0% 10.0% 15.0% 10.0% 267

5.0% 7.2% 812.1% 7.9%8.3% 168,731 (16,840) 257,181 13,461 228,840 6,116 182,192 212,000 263,297 268

403.2 10.5%445.3 273.7 378.3 43.6 13.1% 37.9 359.6 13.3% 407.4 89.2% 91.5% 13.1% 5.6 5.3 1.2 5.3 11.8 90.7 2.0%92.5 46.2 16.2 269

26.231.8 1.6 1.0 5.9 6.4 2.4 279.2 2.4 279.2 19.2 14.9%22.1 812.1% 7.9% 8.3% 16.8 257.2 212.0 263.3 52.5% 59.2% 375.6 7.3%403.2 (1) 270

14.471.9 (2) 9.943.7 62.9 30.7%43.6 (1)21.3 13.8% 18.4 (2) 10.3 4.9 312.7 15.0% 359.6 83.3% 89.2% 30.7% 5.2 5.6 5.7 1.2 5.3 149.5 39.4%90.7 5.746.2 4.643.8 16.826.2 6.3 271

10.0 1.6 2.0 8.7 5.9 (1)(2) 181.9 2.4 181.92.4 13.1 46.3%19.2 7.2% 812.1% 8.3% 168.7 16.8 182.2 212.0 48.6% 52.5% 272

22,327 22,592 19,895 74,339 73,056 31,267 32,851 30,907 186,644 201,090 175,268 3,521 10,339 41,979 80,000 19,601 10,600 7,848 170,380 169,694 2,728 8,966 7,789 6,326 442,706 529,294 438,007 123,136 149,768 101,367 86,561 46,718 42,114 3,328 7,730 458 123,587 43,000 162,330 51,794 47,854 130,186 264,819 375,657 479,455 707,525 904,951 917,462 10,000 10,000 10,042 34,759 26,752 29,774 233,387 458,848 516,029 278,146 495,600 555,845 145,885 182,114 47,573 4,116 1,494 5,592 995 2,785 150,001 184,603 55,950 205,692 127,787 137,348 2,835 6,138 112,178 73,686 90,823 53,306 279,378 224,748 305,667 429,379 409,351 361,617 707,525 904,951 917,462 273

22.3 22.6 19.9 31.3 32.9 30.9 1,911 273 195 3,742 2,396 3,130 2,805 2,480 26,031 26,031 26,031 31,267 32,851 30,907 1.9 20% 274

3.5 42.0(1) (2) 0.7 1.0 275

123.1 149.8 101.4 123,525 151,027 102,626 (389) (1,259) (1,259) 123,136 149,768 101,367 0.4 1.3 1.3 120 3 77,142 93,358 57,799 3 6 31,608 35,990 30,215 6 1 12,025 15,486 10,790 1 2 2,750 5,746 2,390 2 447 1,432 123,525 151,027 102,626 75.9 74.0% 276

62.9 73.8 49.1 (1) 121 124 103 (1) 365 277

106.2 57.3 50.0 3,175 2,358 1,554 5,041 8,242 6,294 4,174 7,211 18,659 6,128 5,349 15,837 800 8,716 6,817 6,376 1,989 7,929 13,852 11,746 4,861 3,116 3,309 2,131 9,058 30,000 5,517 6,625 3,015 3,563 106,162 57,318 49,962 (1) 15,837,0001%15(2) 800,000 1%12 278

11.7 58.6% 4.9 10.0 3.6% 4.1% 51.8 47.9 130.2 279

205.7 127.8 137.3 1,418 3,112 7,384 8,367 13,279 6,505 30,254 3,118 74,809 6,512 4,601 5,424 89 86 85 66,524 56,524 38,616 8,050 7,364 2,728 1,000 68,000 34,000 1,518 493 84 7,500 3,000 7,460 1,210 1,713 205,692 127,787 137,348 1.4 7.4 60 0 30 521 2,924 3,109 31 60 392 71 4,117 61 90 26 20 61 91 180 220 97 97 181 365 259 1,418 3,112 7,384 280

(1) 31 19 51 (1) 365 7.3 98.5% 22.0 128.068.0 60.0 34.0 34.0 281

77.8 92.3 58.9 278.1 495.6 555.8 10,000 10,000 10,042 34,759 26,752 29,774 233,387 458,848 516,029 278,146 495,600 555,845 (1) (2)(3) (4)25 282

78,583 206,269 373,072 393,292 (197,766) (366) (438,483) (16,543) (287,247) 33,392 (8,040) 85,459 18,402 51,794 47,854 4,100 (3,127) 51,794 47,854 130,186 373.1 279.2(1) 13.3(2) 11.8 (3) 72.7 14.2 206.3 2.4(1) 228.8 (2) 13.6(3) 7.3 (4) 29.318.2 78.6 181.9(1) 17.6(2) 13.5(3) 35.5 71.9 283

0.4 250.515.8 12.5167.3 80.0 27.2 197.8 316.674.7 15.8 14.0 194.237.2 393.3 629.5 290.1290.0 175.9 37.2 16.0 287.2 16.5 438.5 284

123,136 149,768 101,367 170,770 86,561 46,718 42,114 85,203 3,328 7,730 458 1,431 123,587 43,000 162,330 162,330 51,794 47,854 130,186 71,207 264,819 375,657 479,455 490,941 205,692 127,787 137,348 128,375 6,138 112,178 105,876 73,686 90,823 53,306 64,881 2,835 10,366 279,378 224,748 305,667 309,498 (14,559) 150,909 173,788 181,443 181.4 173.8 150.9 14.6 66.5 285

12 19.2 92.9 2.9 3.0 10,116 7,280 7,341 7,341 7,659 15,359 7,700 10,116 29,980 22,700 286

151.4 12.572.6 162.3 (1) 83.3% 89.2% 91.5% (2) 48.6% 52.5% 59.2% (3) 65.5% 42.8% 47.4% (4) 25.8% 23.4% 28.7% (5) 0.9 1.7 1.6 (6) 76.9% 44.8% 28.7% (1) 100.0% (2) 100.0% (3) 100.0% 287

(4) 100.0% (5) (6) 100% 65.5% 42.8% 228.8 42.8% 47.4% (1)(2) 100 100 0.91.7 123.6 77.9 10.0 45.3 26.4 23% 15.52% 288

36.1 26.4 20.2 1.9 0.8 5.0 33 5% 3.2 3.56.3 289

5% 0.1 0.4 1.8 5% 5.6 5.5 100 0.51.6 1.8 290

145,885 9,437 49,943 93,129 9,437 49,943 93,129 145,885 1,535 4,603 134,541 18,415 29,158 6,034 58,897 34,494 7,569 63,500 169,035 18,415 29,158 1,535 110,643 6,138 18,415 23,020 8,732 38,780 342 28 10,267 149,423 6,480 18,443 23,020 1.86 74.9 30.4 44.5 7.3 6.1 1.2 291

67.6 30.428.2 39.4 10% 536.3 100.0 100.0 68.038.6 13.13 13.19 292

(1) (2) (3)(4) (5) 1.50 524,938 754,878 1,279,816 0.48 0.59 2.22 524,938 1,135,104 1,660,042 0.62 0.76 (1) 555,845,00030,907,000 (2) 1.50 1.23 2.22 1.81 6,116,000 (3) 2,666,680,000 (4) (3) 68.068.01.50 2.220.55 0.45 0.73 0.60 293

(5) 1.001.22 68,000,000 5,040,000 294

40,000,000 2,000 1.50 209,066,000 (a) 7.84% 31.36%(b) 7.56%27.27% 1.86 168,600,000 (a) 6.32% 25.29%(b) 6.09%21.99% 2.22 141,258,000 (a) 5.30% 21.19%(b) 5.11%18.42% 295

(a) (b) (c) 1.50 2,000 30,000,000 156,800,000 23.52% 20.45% 5.88% 5.67% Shengqu Technology Korean Limited 10,000,000 52,266,000 7.84% 6.82% 1.96% 1.89% 40,000,000 209,066,000 31.36% 27.27% 7.84% 7.56% 296

2.22 2,000 30,000,000 105,944,000 15.89% 13.82% 3.98% 3.83% Shengqu Technology Korean Limited 10,000,000 35,314,000 5.30% 4.60% 1.32% 1.28% 40,000,000 141,258,000 21.19% 18.42% 5.30% 5.11% (SFC CE No.AGR826) (SFC CE No.AWD972) (SFC CE No.AEM480) (MLR No. 1763/2017) Shengqu Technology Korean Limited Shengqu Technology Korean LimitedShengqu Shenqu 297

(a) (b) (c) (d) (e) (f) 298

299

915.91,061.2 1.50 1,148.41,328.7 1.86 1,381.01,596.1 2.22 1.86 1.50 2.22 344.5282.430% 103.4 137.7 103.4 344.5282.430% 20% 300

229.8188.420% 20% 114.894.110% 114.894.1 10% 20.7 100% 71.5 100% 19.3 100% 20.0 100% 20.0 100% 301

15.5 100% 100.0 100% 20.0 100% 35.5 100% 100.0 100% 1,328.7 1.86 302

為 (a) 66,668,000 (b) S 600,012,000 666,680,000 25% 66,668,000 10.0% 303

33,334,00033,334,000 5.0 5.0 並 33,334,000 66,668,00050% 18 4.2 15 50 133,336,000 200,004,000 30% 304

50 100 200,004,000 266,672,000 40% 100266,672,000 333,340,000 50% 為 (1) (2) 15 HKEX-GL91-18 (1) 66,668,000 133,336,000 20% (2)1.50 為 305

為 並 2.22 2.22 600,012,000 90.0% S 306

並 產 產 並 並 30 100,002,000 15.0% 30 並 100,002,00015.0% 3.6% 為 Ben 307

Holdings100,002,000 10.07(3) 為 為 2.22 1.50 為 (www.7road.com) (www.hkexnews.hk) 為 308

10% (www.7road.com)(www.hkexnews.hk) 為 為 為 30 100,002,000 15% 309

(1) (2)(3) (4) (5) (1) (2) (3) (4) 30 310

100,002,000 15% (a) 並 (b) (c) (d) 30 311

並 155 (1) 為 (2) 並 並 並 為 2,000 312

(a) 產 (1) 313

(2) (3) 為 為 為 (4) (A) (B) (5) 產 (6) (7) 314

(8) (9) 產 產 (10) (11) (A) (B) (C) (b) (1) 315

為 並 (2) (3) (4) (5) (6) 產 產 (7) (8) 316

10.0810.08 為 為 10.07 10.07(2) (2) 並 為 產 10.07(2) 3 (a) 10.07(2) 2155 (b) 並 317

(A) (1) (2) (3) (1) (2) (4) (1) (2) (3) (1) (3) 318

(1) (4) Ben Holdings World Holdings Ben Holdings World Holdings (A) (i) 產 為 為 為 為 為 為 (2) (3) (1) (2) 319

(4) (1) (3) (1) (2) (3) (1) (2) (3) 30% 30 100,002,000 15.0% 2%9.41 1% 1.861.50 2.22 並 320

為 91.6 為 並 為 產 為 321

3A.07 322

1. eipowww.eipo.com.hk eipo 2. 為 18 S eipo(1) (2) 為 為 並 為 323

eipo 為 3. www.eipo.com.hk 並 324

18929 30 3 12 18922 41 23 25 3 45 71 19 1897 183 25 2511 18 11 168 20028 2815 325

1 3 194 194 196 為 8 1 2 1 為 326

4. eipo (1) 並 為 並 (2) (3) 並 (4) (5) (6) 並 (7) 為 並 (8) 為 327

(9) (10) (11) (12) (1) (2) S S 902(h)(3) (13) (14) (15) 並 (16) 為 為 (17) (18) eipo 328

(19) 為 為 (1) (2) 為 為 5. eipo eipo www.eipo.com.hk eipo eipo eipo eipo www.eipo.com.hk 24 eipo eipoeipo 為 eipo 並 329

eipo 40 為 40 342E eipo eipowww.eipo.com.hk eipo 6. 為 2979 7888 https://ip.ccass.com 為 8 1 2 1 330

為 (1) (2) 並 並 為 為 為 331

並 並 為 40 為 332

併 為 為 為 產 為 為 為 2,000 2,000 333

(1) (1) (1) (1) (1) (1) (1) (1) (1) (1) 24 為 為 (1) 334

為 40 為 40 342E 7. 為 eipo eipo eipo 為 (1) (2) 335

8. 為 eipo 為 9. 336

eipo2,000 2,000 為 www.eipo.com.hk 10. 為 並 11. www.7road.comwww.hkexnews.hk 337

www.7road.com www.hkexnews.hk 24 www.iporesults.com.hk https://www.eipo.com.hk/en/allotment https://www.eipo.com.hk/ zh-hk/allotment 2862-8669 並 12. (1) eipo 為 338

40342E (2) eipo (3) 並 (4) 為 339

並 eipo 50% 13. 2.22 並 14. 340

為 (1) (2) 為 為 為 為 (1) 1,000,000 為 183 17 1712 1716 為 並 為 341

為 並 1,000,000 (2) 1,000,000 1,000,000 並 併 342

(3) eipo 1,000,000 為 183 17 1712 1716 1,000,000 並 (4) 為 為 並 為 併 343

為 15. 為 344

I-1 I-3 200 I-4 I-82 I-4 I-82 1.3 2.1 200 I-1

1.3 2.1 1.3 2.1 I-4 I-2

13 I-3

I 5 375,611 403,151 445,295 8 (62,881) (43,601) (37,881) 312,730 359,550 407,414 8 (149,544) (90,667) (92,518) 8 (5,745) (46,237) (16,156) 8 (16,754) (26,198) (31,803) 8 9(c) (13,461) (228,840) 6 39,347 24,732 21,361 7 5,204 5,577 5,260 171,777 (2,083) 293,558 10 11,291 6,778 6,267 10 (1,243) (5,136) (7,281) 10 10,048 1,642 (1,014) 17 36 7,306 313 17 (4,500) (13,612) 181,861 2,365 279,245 11 (13,130) (19,205) (22,064) 168,731 (16,840) 257,181 168,731 (16,840) 257,181 12 I-4

168,731 (16,840) 257,181 2,986 5,373 710 3,351 (3,217) 17 (112) (883) 866 598 5,454 3,022 169,329 (11,386) 260,203 169,329 (11,386) 260,203 I-5

14 22,327 22,592 19,895 15 74,339 73,056 16 31,267 32,851 30,907 17 186,644 201,090 175,268 19 3,521 10,339 41,979 22 80,000 21 19,601 10,600 7,848 23 170,380 169,694 2,728 28 8,966 7,789 6,326 442,706 529,294 438,007 20 123,136 149,768 101,367 21 86,561 46,718 42,114 3,328 7,730 458 22 123,587 43,000 23 162,330 23 51,794 47,854 130,186 264,819 375,657 479,455 707,525 904,951 917,462 24 10,000 10,000 10,042 25 34,759 26,752 29,774 233,387 458,848 516,029 278,146 495,600 555,845 26 145,885 182,114 47,573 27 4,116 1,494 5,592 28 995 2,785 150,001 184,603 55,950 29 205,692 127,787 137,348 26 6,138 112,178 2,835 27 73,686 90,823 53,306 279,378 224,748 305,667 429,379 409,351 361,617 707,525 904,951 917,462 I-6

42 42 42 24 42 42 I-7

10,000 20,700 601,005 631,705 168,731 168,731 710 710 (112) (112) 598 168,731 169,329 13,461 13,461 13 (536,349) (536,349) 13,461 (536,349) (522,888) 10,000 34,759 233,387 278,146 10,000 34,759 233,387 278,146 (16,840) (16,840) 3,351 3,351 (883) (883) 2,986 2,986 5,454 (16,840) (11,386) 228,840 228,840 (242,301) 242,301 (13,461) 242,301 228,840 10,000 26,752 458,848 495,600 I-8

10,000 26,752 458,848 495,600 257,181 257,181 (3,217) (3,217) 866 866 5,373 5,373 3,022 257,181 260,203 42 42 13 (200,000) (200,000) 42 (200,000) (199,958) 10,042 29,774 516,029 555,845 I-9

I-10 30 98,501 228,406 383,666 612 839 348 (201) (545) (448) (20,329) (22,431) (10,494) 78,583 206,269 373,072 (175,939) (4,500) (999) (2,113) (1,500) (27,200) 12,500 (37,211) 37,211 31 (846) (15,988) (13,957) (2,767) (74,660) 910 54 35 (3,253) (4,245) (163) 629,546 (80,000) (290,000) (316,600) (167,292) 290,062 194,191 250,455 (1,911) (791) (5,000) 35 2,868 5,028 (15,837) (800) 15,837 393,292 (197,766) (366) 145,885 61,600 (29,549) (28,503) 128,000 (60,000) (34,000) (34,000) 35,200 (19,258) (35,200) (469,826) (10,000) (17,908) (200,000) (954) (4,594) (6,836) (162,330) (438,483) (16,543) (287,247) 33,392 (8,040) 85,459 23(a) 18,402 51,794 47,854 4,100 (3,127) 23(a) 51,794 47,854 130,186

II 1 1.1 22 3 Sertus Chambers, Governors Square, Suite #5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Islands 1.2 1.3 205 23.50% 16.56% 10.95% 157,142,000 110,735,000 73,211,000 17.5% 118,000,000 0.74% 30.76% I-11

31,080,000 1,292,000,000 17.50% 2.00% 735,000,000 84,000,000 1.3 (1) Ben 7Road Holdings LimitedBen Holdings World 7Road Holdings LimitedWorld Holdings Zing 7Road Holdings Limited Zing Holdings (2) 50,000 500,000,000 0.0001 Ben Holdings 9,999 Ben Holdings (3) ESOP 1 Holdings Limited ESOP 2 Holdings Limited Ben Holdings World Holdings I-12

(4) 99,990,000 63,729,400 Ben Holdings 21,496,100 21.4961% World Holdings 16,557,300 16.5573% Zing Holdings (i) 2,000,000 2.0000% 51,000,000 51.00% ESOP 1 Holdings (i) 4,946,600 4.9466% ESOP 2 Holdings (i) 4,000,000 4.0000% (i) ESOP 1 Holdings ESOP 2 Holdings 8,946,600 ESOP 1 Holdings ESOP 2 Holdings (5) 7Road Fun Limited7Road BVI (6) 7Road BVI (7) 5% 250,000 95% 5% 2,970,000 156,000 I-13

(8) 7Road International 7Road International 7Road (UK) Company Limited7Road UK 7Road International Pte. Ltd. 7Road Singapore (9) 2.2(a)(i) (10) (11) 0.0001 20 0.000005 50,000 10,000,000,000 0.000005 10,000 2,000,000,000 0.000005 I-14

7Road BVI 1 100% (a) 7Road International Group Limited 7Road UK 7Road Singapore 1 100% (f) 100% 100% 100% 100% (b) 5,000,000 100% 100% 100% 100% (c) (g) 10,000,000 100% 100% 100% 100% (d) (g) 26,000,000 100% 100% 100% 100% (f) (g) 10,000,000 1 100% 100% 100% 100% (a) 100 100% 100% 100% (e) 1 100% 100% 100% 100% (f) 1 100% 100% 100% 100% (a) (a) (b) (c) I-15

(d) (e) RSM UK Audit LLP (f) (g) 7Road Fun Limited * 1.4 2 I-16

2.1 4 2 9 15 15 15 16 17 10 28 1 28 28 40 22 23 9 9 39 9 I-17

39 9 39 9 9 9 9 9 9 9 9 41,979 (41,979) 80,000 11,829 91,829 43,000 43,000 30,150 30,150 8,359 (8,359) 516,029 8,359 524,388 I-18

39 15 15 15 18 1115 15 5 (a) 1 (b) 2 (c) 3 (d) 4 (e) 5 15 I-19

15 15 15 15 15 15 16 16 16 17 15 10,116,000 29,980,000 22,700,00032 16 2.2 (a) (i) 1.2 I-20

10 II 1.3 I-21

(ii) 39 I-22

(iii) (iv) (b) 2.3 20% 50% I-23

2.4 I-24

2.5 (a) (b) (c) I-25

2.6 30 3 4 5 2.9 2.7 I-26

2.8 (a) (b) (c) (d) 2.9 I-27

2.10 (a) (i) 12 (ii) 12 (iii) 12 I-28

(b) (c) (i) I-29

(ii) 2.11 I-30

2.12 2.13 2.14 2.15 2.16 I-31

2.17 (a) (b) I-32

(c) 2.18 (a) (b) I-33

(c) 2.19 I-34

2.20 2.21 (a) I-35

Facebook Apple App Google Play I-36

(b) (c) 2.22 2.23 I-37

2.24 I-38

2.25 2.26 3 3.1 (a) (i) 5% 3,202,000 3,505,000 6,319,000 (ii) I-39

5% 148,000 425,000 1,800,000 5% 5,561,0005,535,000 (iii) 100 480,0001,618,0001,789,000 (b) I-40

(c) I-41

145,885 29 9,437 49,943 93,129 9,437 49,943 93,129 145,885 1,535 4,603 134,541 18,415 29,158 29 6,034 58,897 34,494 7,569 63,500 169,035 18,415 29,158 1,535 110,643 6,138 18,415 23,020 29 8,732 38,780 342 28 10,267 149,423 6,480 18,443 23,020 3.2 I-42

3.3 19 3,521 10,339 41,979 22 123,587 123,000 3,521 133,926 164,979 I-43

19 22 i ii 2.6% 4.1% 50 143,000 6,000 (i) (ii) 4 I-44

(a) 2.21 (b) 39 (c) 5 I-45

344,702 345,547 388,929 19,140 15,237 6,663 311,123 258,426 371,603 1,657 378 12 12,782 71,506 10,651 9,925 43,724 46,577 20,984 13,880 9,789 375,611 403,151 445,295 210,176,000 235,112,000 224,770,000 71,464,000 63,460,000 38,610,000 10% 105,030,000 45,889,000 45,345,000 10% 126,014,000 10% 6 16,968 13,251 14,491 22,379 11,481 6,870 39,347 24,732 21,361 I-46

7 22 62 1,178 2,576 19 (713) (1,000) 19 11,777 (1,434) (36) (112) 5,697 5,273 (8,151) 879 (125) 170 5,204 5,577 5,260 5,260 8 9 71,043 92,202 83,233 9(c) 13,461 228,840 4,633 43,784 35,658 13,347 14,712 12,654 101,611 7,873 10,028 14 17,570 13,602 5,317 16 2,070 2,661 2,107 15 321 1,283 11,155 6,003 4,499 50 125 49 6,116 2,310 7,052 3,161 2,073 4,165 5,867 4,353 2,568 1,676 382 6,326 2,646 4,327 5,309 4,064 248,385 435,543 178,358 9 61,003 79,153 72,296 4,865 6,343 5,240 5,175 6,706 5,697 71,043 92,202 83,233 I-47

(a) (b) 772 737 2,168 80 150 48 61 80 51 61 74 2,889 49,118 3,840 50,127 2,322 500,001 1,000,000 2 2 4 3,500,001 4,000,000 1 57,000,001 57,500,000 1 3 3 4 (b) (1) 85 6,202 9 9 6,305 38 4,370 4 3 4,415 123 10,572 13 12 10,720 I-48

(1) 60 105,428 8 7 105,503 35 74,294 10 8 74,347 156 52 9 9 226 251 52 179,722 27 24 180,076 (1) 416 17 14 447 233 17 14 264 540 34 37 611 1,189 68 65 1,322 (1) I-49

(i) (ii) (iii) 33(d) (iv) (c) 1.2 23.50% 16.56% 10.95% 157,142,000 I-50

110,735,000 73,211,000 2 20510% 13,461,000 80,767,000 80,767,000 67,306,000 228,840,000 242,301,000 I-51

10 1,994 5,940 5,924 8,691 606 838 343 11,291 6,778 6,267 (885) (4,122) (6,401) (358) (1,014) (880) (1,243) (5,136) (7,281) 10,048 1,642 (1,014) 11 13,197 18,028 20,601 (67) 1,177 1,463 13,130 19,205 22,064 (a) (b) 16.5% I-52

(c) 25% 10% 10% (d) 10% 10%5% I-53

181,861 2,365 279,245 25% 45,465 591 69,811 (28,593) 148 (40,814) (1,214) (6,635) (4,041) (3,334) 1,716 23,760 170 (1,253) (2,555) 1,177 13,130 19,205 22,064 12 1.3 13 a 536,349 b 200,000 536,349 200,000 (a) (b) (c) 536,349,000 100,000,000 I-54

14 49,495 14,138 63,633 (30,131) (7,981) (38,112) 19,364 6,157 25,521 19,364 6,157 25,521 31 332 49 351 732 6,364 7,666 1,958 15,988 (2,264) (80) (2,344) 8 (11,748) (5,435) (387) (17,570) 12,048 8,357 1,922 22,327 41,575 21,715 2,309 65,599 (29,527) (13,358) (387) (43,272) 12,048 8,357 1,922 22,327 I-55

12,048 8,357 1,922 22,327 13,175 382 400 13,957 (90) (90) 8 (104) (6,282) (6,617) (599) (13,602) 13,071 6,058 2,140 1,323 22,592 13,175 41,725 22,116 2,309 79,325 (104) (35,667) (19,976) (986) (56,733) 13,071 6,058 2,140 1,323 22,592 13,071 6,058 2,140 1,323 22,592 405 833 1,529 2,767 (147) (147) 8 (417) (3,618) (800) (482) (5,317) 12,654 2,698 1,340 1,674 1,529 19,895 13,175 39,635 22,116 3,142 1,529 79,597 (521) (36,937) (20,776) (1,468) (59,702) 12,654 2,698 1,340 1,674 1,529 19,895 12,087 6,605 3,100 2,964 3,858 688 2,489 3,063 1,523 30 76 6 17,570 13,602 5,317 13,071,000 12,654,000 74,339,000 73,056,00015 59,850,000 53,711,00026 I-56

15 74,660 (321) 74,339 74,339 74,660 (a) (321) (1,283) 74,339 73,056 74,660 74,660 (321) (1,604) 74,339 73,056 (a) 50 (b) 74,339,000 73,056,000 13,071,000 12,654,000 14 59,850,000 53,711,00026 (c) I-57

16 8,189 2,307 10,496 (4,640) (1,809) (6,449) 3,549 498 4,047 3,549 498 4,047 31 26,031 26,031 6 3,253 3,259 8 (1,638) (309) (123) (2,070) 26,031 1,911 195 3,130 31,267 26,031 8,189 2,313 3,253 39,786 (6,278) (2,118) (123) (8,519) 26,031 1,911 195 3,130 31,267 26,031 1,911 195 3,130 31,267 4,245 4,245 8 (1,638) (698) (325) (2,661) 26,031 273 3,742 2,805 32,851 26,031 8,189 6,558 3,253 44,031 (7,916) (2,816) (448) (11,180) 26,031 273 3,742 2,805 32,851 26,031 273 3,742 2,805 32,851 163 163 8 (273) (1,509) (325) (2,107) 26,031 2,396 2,480 30,907 26,031 8,189 6,721 3,253 44,194 (8,189) (4,325) (773) (13,287) 26,031 2,396 2,480 30,907 I-58

249 355 327 1,779 2,176 1,765 41 129 15 1 1 2,070 2,661 2,107 26,031,000 45%85%2% 18% 26150 5% 2% I-59

17 186,644 201,090 183,439 999 36 7,306 313 (112) (883) 866 (13,612) (4,500) 29 (3,000) 3,281 12,523 (11,388) 186,644 201,090 175,268 23% 23% 15.52% (a) 15% 15% (b) 30% (c) (a) 27,600,000 23% 1,111,122 1,111,122 20.7% I-60

0.63 500,000,000 265 15.52% 15.52% 13,612,000 (b) 7,500,00015% 4,500,000 (c) 999,000 30% I-61

201,092 174,610 405,031 118,191 114,067 98,453 (179,166) (108,825) (89,671) (1,240) (310) (285) 138,877 179,542 413,528 31,942 41,295 69,405 147,202 156,795 104,898 179,144 198,090 174,303 174,445 188,945 193,324 24,981 31,764 1,507 (1,956) (3,836) 3,763 23,025 27,928 5,270 I-62

18 19 3,521 10,339 41,979 22 123,587 123,000 427,591 410,659 429,364 20 21 205,417 193,111 134,120 23(b) 170,380 169,694 165,058 23(a) 51,794 47,854 130,186 431,112 544,585 594,343 29 152,509 99,425 47,882 26 145,885 188,252 159,751 298,394 287,677 207,633 19 3,521 10,339 41,979 3,521 10,339 2,113 3,550 26,200 (12,500) 31 1,408 3,981 18,940 7 (713) (1,000) 3,521 10,339 41,979 I-63

20% 3.3 12,500,000 11,777,000 20 123,525 151,027 102,626 (389) (1,259) (1,259) 123,136 149,768 101,367 47,531 85,624 47,223 74,160 64,147 53,807 1,834 1,256 1,596 123,525 151,027 102,626 I-64

60 120 3 77,142 93,358 57,799 3 6 31,608 35,990 30,215 6 1 12,025 15,486 10,790 1 2 2,750 5,746 2,390 2 447 1,432 123,525 151,027 102,626 62,879,000 73,814,000 49,112,000 3 16,496 19,300 18,997 3 6 31,608 33,191 25,258 6 1 12,025 15,377 4,169 1 2,750 5,946 688 62,879 73,814 49,112 (7) (389) (1,259) 8 (382) (1,576) (1,870) 706 1,870 (389) (1,259) (1,259) 8 I-65

21 3,175 2,358 1,554 5,041 8,242 6,294 4,174 b 7,211 19,601 10,600 7,848 18,659 6,128 5,349 a 15,837 800 8,716 6,817 6,376 1,989 7,929 13,852 4,250 1,000 1,000 4,808 1,518 791 1,131 11,746 4,861 3,116 b 30,000 5,517 c 6,625 3,015 3,563 86,561 46,718 42,114 (a) (b) (c) 2,250,000 1% 15 42,000 I-66

22 a 123,587 43,000 123,587 43,000 b 80,000 80,000 123,587 123,000 123,587 290,000 316,600 247,292 (290,062) (194,191) (250,455) 7 62 1,178 2,576 123,587 123,000 987 (a) (b) Ningbo Jiu Jin Investment (Limited liability partnership)jiu Jin 80,000,000Jiu Jin Jiu Jin 3.3 I-67

23 (a) 51,794 47,854 130,186 (b) 162,330 162,330 162,330 162,330 8,050 7,364 2,728 170,380 169,694 2,728 170,380 169,694 165,058 2.25% 3.70% 24 10,000 10,000 10,000 42 10,000 10,000 10,042 I-68

1 Ben Holdings9,999 Ben Holdings 63,729,400 0.0001 I-69

25 15,700 5,000 20,700 9(c) 13,461 13,461 17 (112) (112) 710 710 15,700 5,000 13,461 710 (112) 34,759 15,700 5,000 13,461 710 (112) 34,759 9(c) 228,840 228,840 (242,301) (242,301) 17 (883) (883) 19 2,986 2,986 3,351 3,351 15,700 5,000 4,061 (995) 2,986 26,752 15,700 5,000 4,061 (995) 2,986 26,752 17 866 866 (3,217) (3,217) 19 5,373 5,373 15,700 5,000 844 (129) 8,359 29,774 I-70

26 a 59,850 53,711 b 145,885 128,402 106,040 145,885 188,252 159,751 (a) 61,600,000 1.09% (b) 27,600,000 3 1.55% 162,330,000 23(b) 1 6,138 112,178 1 2 134,541 6,138 2 5 145,885 18,415 18,415 5 29,158 23,020 145,885 188,252 159,751 3.3 I-71

27 342 75 4,371 70,055 89,004 48,935 3,289 1,744 73,686 90,823 53,306 2,372 1,494 5,592 1,744 4,116 1,494 5,592 77,802 92,317 58,898 2.21 28 12 450 276 559 12 8,516 7,513 5,767 8,966 7,789 6,326 12 (2,785) 12 (995) (995) (2,785) I-72

8,899 8,899 11 (1,119) 39 1,147 67 7,780 39 1,147 8,966 7,780 39 1,147 8,966 11 (938) 908 (1,147) (1,177) 6,842 947 7,789 6,842 947 7,789 11 (952) (761) 250 (1,463) 5,890 186 250 6,326 (995) (995) (995) (1,790) (2,785) I-73

29 1,418 3,112 7,384 8,367 13,279 6,505 30,254 3,118 74,809 6,512 4,601 5,424 89 86 85 66,524 56,524 38,616 8,050 7,364 2,728 a 1,000 b 68,000 34,000 1,518 493 84 17 7,500 3,000 7,460 1,210 1,713 205,692 127,787 137,348 (a) Shenzhen Fenggu Interactive Technology Co., Ltd. 1,000,000 (b) 128,000,000 60,000,000 68,000,000 34,000,000 34,000,000 0 30 521 2,924 3,109 31 60 392 71 4,117 61 90 26 20 61 91 180 220 97 97 181 365 259 1,418 3,112 7,384 I-74

30 (a) 181,861 2,365 279,245 15 321 1,283 16 2,070 2,661 2,107 14 17,570 13,602 5,317 17 29 5,213 1,000 9 13,461 228,840 7 1,434 36 112 22 (62) (191) (2,576) 22 (987) 10 (12,620) (5,742) 4,128 17 (36) (7,306) (313) 17 13,612 7 (11,777) 20 21 (35,450) 18,243 14,223 29 (71,944) (29,335) 72,669 23 2,217 686 4,636 98,501 228,406 383,666 (b) 19,258 48,742 68,000 145,885 145,885 19,258 194,627 213,885 I-75

68,000 (34,000) 34,000 145,885 32,051 10,316 (6,138) 182,114 6,138 6,138 213,885 (1,949) 10,316 222,252 34,000 (34,000) 182,114 (22,365) 2 (112,178) 47,573 6,138 (6,138) 112,178 112,178 222,252 (62,503) 2 159,751 I-76

31 1,000,000 26,031,000 1,000 154 (32,915) 732 1,408 3,750 1,840 (25,031) 16 26,031 1,000 32 (a) 3 5 I-77

1 10,116 7,280 7,341 1 2 7,341 7,659 2 5 15,359 7,700 10,116 29,980 22,700 (b) 2,971,000 33 (a) Changyou Limited Changyou.com Limited Changyou.com Limited I-78

(b) 9,997 45,345 26,440 (c) 20 36,062 26,419 20,216 (d) (i) 264 264 5,000 (264) (5,000) 264 264 264 5,000 I-79

(ii) 500 500 (500) 500 500 500 (iii) 350 1,462 148 1,147 791 (35) (2,105) (28) 1,462 148 120 (e) 19,258 31 35,200 (19,258) (35,200) I-80

(f) 829 1,769 3,588 93 156 226 92 156 235 13,461 228,840 14,475 230,921 4,049 (g) 29 68,000 34,000 Changyou.com Limited (h) 8,691 Changyou.com Limited (i) 97,197 I-81

Changyou.com Limited 34 35 (i) 5,040,000 600,000 2,157,500 30% 30% 40% (ii) 68,000,000 (iii) 36,260,600 III I-82

(A) 4.29 1 2 3 5 1.50 524,938 754,878 1,279,816 0.48 0.59 2.22 524,938 1,135,104 1,660,042 0.62 0.76 (1) 555,845,00030,907,000 II-1

(2) 1.50 1.23 2.22 1.81 6,116,000 (3) 2,666,680,000 (4) (3) 68.068.01.50 2.220.55 0.45 0.73 0.60 (5) 1.001.22 II-2

(B) II-1 II-2 II-1 II-2 4.29 7 7 II-3

1 4.29(7) 3420 4.29 7 II-4

(a) (b) (c) 4.29(1) II-5

1. (a) (b) 2. (a) (i) (ii) III-1

(iii) (a) (b) (c) (d) (e) (f)(g) (h) (iv) III-2

30 (v) (vi) III-3

(vii) 20 20 14 14 20 (b) (i) III-4

(aa) (bb) (cc) III-5

(dd) (ee) (ff) (gg) (hh) (ii) III-6

(iii) (iv) (v) III-7

(vi) (vii) III-8

(viii) (aa) III-9

(bb) (cc) (dd) (i) (ii) (ee) (c) (d) III-10

(e) (i) 15 (ii) (a) 1 (b) III-11

(A) (B) (C) (iii) 15 (iv) 21 14 III-12

(i) (ii) 95% (v) (vi) III-13

(f) 21 21 III-14

21 (g) (i) (ii) (iii) (aa) III-15

(bb) 20 (h) III-16

(i) 3(f) (j) (i) (ii) (k) III-17

3. (a) (b) (i) (ii) (iii) 37 (iv) (v) III-18

(c) (d) 37A(1) III-19

(e) (f) Foss v. Harbottle (g) III-20

(h) (i) (ii) (iii) (Tax Information Authority) (Tax Information Authority Law) (i) (j) (Tax Concessions Law) 6 (i) (ii) (aa) (bb) 6(3) 20 III-21

(k) (l) (m) (n) (o) 60 III-22

(p) (i) (ii)(iii) (i) (ii) III-23

(q) 75% (r) 90% (s) III-24

A. 1. Sertus Chambers, Governors Square, Suite #5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Islands 2818 16 2. 50,000 500,000,000 0.0001 (a) 0.0001 (i) 1 Sertus Nominees (Cayman) Limited Ben Holdings (ii) 9,999Ben Holdings (b) (iii) 21,486,100Ben Holdings (iv) 16,557,300World Holdings (v) 2,000,000Zing Holdings (vi) 4,360,200Red Shanghai Holdings (vii) 9,496,800Songshuxing Holdings (viii) 2,161,900Liweimin Holdings (ix) 3,459,100Liuzhan Holdings IV-1

(x) 1,729,500Zhoufashun Holdings (xi) 475,600Yanglei Holdings (xii) 1,992,900Chendifeng Holdings (c) (i) 43,600Shanghai Bao Pu Holdings (d) (i) 4,946,600ESOP 1 Holdings (ii) 4,000,000ESOP 2 Holdings (e) (i) 8,720,500 (ii) 17,635,700 (iii) 59,400 (iv) 864,800 0.0001 20 0.000005 50,000 10,000,000,000 0.000005 10,000 2,000,000,000 0.000005 3. IV-2

250,000 5% 156,000 3.0 2% 17.5% 84.0 735.0 30.76% 0.74% 1,292.0 31.1 49% 51% 21% 30% 700,000 300,000 70% 30% 4. (a) 0.000120 0.000005 IV-3

50,000 10,000,000,000 0.000005 (b) (c) (i) (ii) (a) (b) (c) (i) 20% (ii) (iii) (iii) 10% IV-4

(iv) (ii) (iii) 10% 5. B. 1. (a) 1,071 25.5% (b) (b) (c) 1,29230.76% IV-5

(d) 252 6% (e) 31.08 0.74% (f) 84 2.00% (g) 735 17.5% (h) 250,000 5% (i) (j) 2.97 95%156,167 5% (k) (l) (m) IV-6

(n) 30 2,000 (o) Shengqu Technology Korean Limited Shengqu Technology Korean Limited 10 2,000 (p) 2. (a) 1. 9 2. 41 3. 41 4. 9 9814415 2024/05/20 9814414 2024/05/20 12188535 2024/08/06 8764055 2021/10/27 5. 41 8482199 2021/07/27 6. 9 13784050 2026/02/20 7. 41 13784489 2025/02/13 8. 41 8481989 2021/07/27 IV-7

9. 41 10. 9 8763950 2022/02/13 8763750 2021/10/27 11. 41 8763873 2022/02/13 12. 9 8763997 2026/03/20 13. 41 8482059 2021/07/27 14. 9 15. 41 16. 41 17. 41 18. 9 19. 9 20. 41 21. 9 22. 41 23. 41 25. 9 11391131 2024/03/13 11391052 2024/03/13 8858378 2023/11/20 11165302 2023/11/27 13252806 2025/01/13 17889342 2026/10/20 17889342 2026/10/20 14681915 2025/08/27 14681915 2025/08/27 19553434 2027/05/27 22106242 2028/02/27 26. 41 22106242 2028/02/27 27. 9 35 41 304282858 2027/09/21 28. 9 35 41 304282849 2027/09/21 IV-8

(b) 1. 2. 3. 4. 5. 6. 7. 8. 201110329811.2 2011/10/26 2031/10/25 201110332939.4 2011/10/28 2031/10/27 201110334695.3 2011/10/28 2031/10/27 201210370403.6 2012/9/28 2032/09/27 201310061810.3 2013/2/27 2033/02/26 201310225977.9 2013/6/7 2033/06/07 201410373422.3 2014/07/31 2034/07/30 201410453245.X 2014/9/5 2034/09/04 IV-9