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Transcription:

China Tower Corporation Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) 1933 1933 32

China Tower Corporation Limited [ ] [ ] : [ ] [ ] [ ] : [ ] [ ] : [ ] [ ] [ ] : [ ] [ ] [ ] [ ] : [ ] 1.00 : [ ] [ ] [ ] [ ] [ ] [ ] 32 342C [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] 1.0% 0.0027% 0.005%[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] www.china-tower.com [ ] [ ] [ ] [ ] H [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] (a) 144A (b) S [ ] [ ]

(1) [ ] i

(1) [ ] ii

(1) [ ] iii

[ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ][ ][ ][ ] [ ] (www.china-tower.com)...... i iv... 1... 21... 34... 38... 39... 70 [ ]... 75 [ ]... 80... 84... 86... 97... 103 iv

... 158... 196... 216... 219... 223... 228... 276... 278... 287... 297... I-1... II-1... III-1... IV-1... V-1... VI-1... VII-1... VIII-1 v

[ ] [ ] [ ] 2018 3 31 1,886,454 2,733,500 2017 12 31 2017 2017 12 31 96.3% 2017 97.3% 2018 3 31 31 1

2

12 31 3 31 2015 2016 2017 2017 2018 8,756 55,552 67,085 16,254 16,723 8,756 55,552 66,828 16,208 16,639 (1) 257 46 84 45 421 1,284 186 391 (2) 19 169 6 113 (3) 1 5 127 3 17 8,802 55,997 68,665 16,449 17,244 (1) 2015 2016 (2) 2015 (3) 3

4G 5G 2017 12 31 100% 2022 15.6 2012 0.8GB 2017 17.4GB 85.5% 2017 2022 35.9% 2022 80.5GB 2017 2022 706 1,091 9.1% 4

[2014]586 [2016]142 [2017]92 [2018]82 2016 12 31 281 2018 3 31 1,758 2016 12 31 2,169 2018 3 31 45,674 (i) (ii) 4G 5G 5

2016 12 31 281 2018 3 31 1,758 6

12 31 3 31 2015 2016 2017 2017 2018 % % % % % (1) 4,560 51.8 28,646 51.2 36,804 53.6 8,654 52.6 9,465 54.9 (2) 2,314 26.3 15,063 26.9 16,232 23.7 4,134 25.2 3,884 22.5 (3) 1,927 21.9 12,263 21.9 15,467 22.5 3,656 22.2 3,788 22.0 1 0.0 25 0.0 162 0.2 5 0.0 107 0.6 8,802 100 55,997 100 68,665 100 16,449 100 17,244 100 (1) 38.0% (2) 28.1% (3) 27.9% 2018 3 31 2,733,500 2,687,826 1.45 1.43 5% 7

2015 2016 2017 2018 3 31 12.9%14.5%18.2% 21.4% 9.4%8.3%12.4% 13.7% (i) (ii) 2015 2016 2017 2018 3 31 2017 12 31 200 1,000 2017 12 31 2017 1 1,872,154 68,665 97.25% 2 A 17,260 545 0.77% 3 B 4,200 72 0.10% 4 C 4,300 57 0.08% 5 D 1,900 27 0.04% 8

9

(i) (ii) (iii) 2014 7 15 2015 12 38.0%28.1%27.9% 6.0% 2015 10 (i) (ii) 38.0%[ ] 10% 10

2015 2016 2017 12 31 12 31 3 31 2015 2016 2017 2017 2018 8,802 55,997 68,665 16,449 17,244 (5,138) (27,585) (32,642) (7,843) (8,041) (1,856) (9,121) (11,336) (2,880) (3,020) (1,387) (5,750) (6,156) (1,446) (1,514) (2,840) (3,743) (4,229) (1,098) (1,240) (1,742) (4,728) (6,587) (1,276) (1,340) (4,161) 5,070 7,715 1,906 2,089 (4,746) 106 2,685 646 498 (3,596) 76 1,943 484 380 2017 3 31 2018 3 31 4.8% 2016 2017 22.6% 2017 3 31 2018 3 31 9.6% 2016 2017 52.2% (i) (ii) 2017 3 31 2018 3 31 21.5% 2016 2017 11

2015 2016 2016 2015 2016 2017 12 31 2015 12 31 11 12 12 31 2018 2015 2016 2017 3 31 37,113 39,565 30,517 34,388 (47,127) (171,568) (150,041) (147,025) 10,014 132,003 119,524 112,637 232,025 272,103 292,126 289,952 (96,535) (14,548) (45,107) (49,440) 125,476 125,552 127,495 127,875 12 31 3 31 2015 2016 2017 2017 2018 (6,729) 27,594 34,935 8,705 5,791 (15,217) (46,023) (51,915) (12,600) (8,807) 26,007 22,025 7,583 (6,149) 2,385 2015 2015 2016 2017 12 31 2018 3 31 2016 2016 2017 12 31 2018 3 31 2017 2016 2018 3 31 2017 3 31 12

[ ] 12 EBITDA EBITDA 12 31 3 31 2015 2016 2017 2017 2018 (4,161) 5,070 7,715 1,906 2,089 5,138 27,585 32,642 7,843 8,041 EBITDA 977 32,655 40,357 9,749 10,130 EBITDA 58.3% 58.8% 59.3% 58.7% 12 31 3 31 2015 2016 2017 2017 2018 (1) (4,161) 5,070 7,715 1,906 2,089 (2) 9.1% 11.2% 11.6% 12.1% EBITDA (3) 977 32,655 40,357 9,749 10,130 EBITDA (4) 58.3% 58.8% 59.3% 58.7% 13

12 31 2018 3 31 2015 2016 2017 66 58 66 12 31 2018 2015 2016 2017 3 31 (5) 0.8 0.2 0.2 0.2 (6) 45.4% 49.4% 53.8% 54.5% (1) (2) 100% (3) EBITDA (4) EBITDA EBITDA 100% (5) (6) 100% 2018 2018 2022 12 31 2017 1 1 2017 12 31 67,085 62,986 5G 2018 1 1 10 20 14

2017 1 1 2017 12 31 3,878 1,865 2017 3 31 7,843 2018 3 31 8,041 2018 3 31 594 2017 2017 6 2.1.3 2017 12 31 (1) 68,665 64,566 67,085 62,986 (2) (60,950) (58,937) (32,642) (30,629) (3,878) (1,865) (28,764) (28,764) (3) 7,715 5,629 (4) 2,685 599 (5) (742) (150) (6) 1,943 449 EBITDA (7) 40,357 36,258 15

(1) 2017 (2) 2017 1 1 (3) (4) 2017 (5) 25% (6) (7) EBITDA EBITDA 2018 12 31 2017 12 31 [ ] 16

[ ] 17

[ ] [ ] (i)[ ] [ ] [ ][ ](ii)[ ] (iii)[ ] [ ][ ] [ ] [ ] [ ] H [ ] [ ] [ ] [ ] (1) (1) 18

[ ] (i) (ii) (iii) (iv) [ ] (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (i) (ii) (i) (ii) (i) (ii) (iii) (iv) (v) 19

[2017]234 (i) (ii) (iii) [ ] [ ] [ ] 14A.53 20

2015 2016 2017 12 31 2018 3 31 2015 10 31 [ ] [ ] [ ][ ] [ ] [ ] [ ] 21

[ ] 2006 8 30 552 51.4% (i) 1997 9 3 941 CHL (ii) 2004 2 27 38.0% 2010 12 1 6.0% (i) 2002 9 10 728CHA 27.9% (ii) 22

(i) 2000 2 8 762 CHU (ii) 2002 9 10 28.1% A 2001 12 31 600050 36.7% [2014]586 2015 [2016]142 2016 [2017] 92 2017 [2017]234 [2018] 82 2018 23

1999 7 22 2016 7 8 32 622 2014 7 15 1995 4 27 1994 6 18 24

1.00 EBITDA [ ] GDP [ ] [ ] [ ] [ ] 25

[ ] [ ] [ ] 26

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 2018 5 4 [ ] [ ] 27

1994 8 27 2002 2 1 [ ] 28

[ ] 2018 [ ] 2007 3 16 2007 10 1 29

2018 [ ] [ ] [ ] 144A S S 144A 144A 571 30

2018 4 2018 [ ] [ ] 1.00 1994 8 4 31

[ ] 1 2018 1 31 2018 2 1 < > 2000 9 25 ( ) 2015 2016 2017 12 31 2018 3 31 32

[ ] S 902 1933 [ ] [ ] [ ] [ ] % 33

2G 3G 4G 5G FSU FSU 34

GB 35

FSU 36

FSU (i) (ii) 37

38

H H H H H H H [ ] 39

2017 70.6 9.1% 2022 109.1 2017 99.8% 2017 12 31 99.4% 40

41

2015 2016 2017 2018 3 31 1,856 9,121 11,336 3,020 21.1%16.3%16.5% 17.5% 2018 2018 [ ] 42

2015 2018 3 31 254,619 78.5% 2015 2016 2017 2018 3 31 229,070 64,103 43,836 3,825 2018 34 43

2015 2016 2017 2018 3 31 747 5,077 5,283 1,638 2015 2016 2017 2018 3 31 5,138 27,585 32,642 8,041 58.4%49.3%47.5% 46.6% 2018 1 1 10 20 2017 3 31 7,843 2018 3 31 8,041 2018 3 31 594 2018 2.1.3 2015 2016 2017 2018 3 31 45 421 1,541 475 0.5%0.8%2.2% 2.8% 44

5G 2014 7 2015 10 2015 2015 2015 2016 2017 2018 3 31 8,802 55,997 68,665 17,244 45

FSU 46

2017 97.3% 47

2016 2017 12 31 2018 3 31 10,852 10,926 14,357 2016 2017 2018 3 31 66 58 66 2017 12 31 2018 3 31 99.4% 99.2% 48

2015 2016 2017 2018 3 31 1,387 5,750 6,156 1,514 10.7%11.3%10.1% 10.0% 49

50

(i) (ii) 5G 5G 51

2015 2015 6,729 2015 2016 2017 12 31 2018 3 31 10,014 132,003 119,524 112,637 52

2015 2016 2017 12 31 2018 3 31 118,183 140,032 156,305 160,361 2015 2016 2017 2018 3 31 747 5,077 5,283 1,638 2015 2016 2017 2017 2018 3 31 4.41%4.41%4.41% 4.75%4.41% 4.41% 4.75% 3.48% 3.92%2.35% 3.915%2.35% 4.35%2.35% 3.92% 2.35% 4.35% 2018 3 31 39,600 3 16 2017 12 31 2018 3 31 10% 16 16 16 2.1.2 53

4 2015 2016 2017 12 31 2018 3 31 1,238 1,208 689 636 54

55

2017 97.3% 56

25% 57

15% 2018 3 31 288 58

[ ] H H [ ] 59

60

61

H H 62

H H H H H 20% 10% 10% (i) 10% (ii) 10% 20% (iii) 20% 63

H 20% H 10% 20% H [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] H [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] H 64

[ ] [ ] 65

[ ] H 4 [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] 66

[ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 67

[ ] [ ][ ][ ][ ] [ ] 2022 2016 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 68

[ ] [ ] [ ] H 69

[ ] 8.05 8.05(1) 8.05(2) 8.05(3) (i) 3 8.05(3)(a) (ii) 3 8.05(3) (b)) 8.05A 8.05(3) 8.05(3)(a) 8.05(3)(b) (i) (ii) 2014 7 2015 10 8.05(3) 8.05A 8.05(3) [ ] (i) (ii) (iii) 8.05(3) 70

8.12 19A.15 19A.15 8.12 19A.15 [ ] (i) 3.05 (ii) (iii) 3A.19 71

A [ ] [ ] [ ] 14A.105 A [ ] 8.08(1)(a) 25% 8.08(1)(d) 100 15% 25% [ ] [ ] [ ] [ ] [ ] 8.08(1)(a) (i) [ ] [ ] 24.99997% (ii) [ ] [ ] [ ] [ ] (i) (ii) 8.08(1) 25% 72

(i) [ ] [ ] [ ] (ii) [ ] (iii) (iv) [ ] 4.2 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 5% 4.2 [ ][ ] [ ] [ ] [ ] [ ] [ ] 15 50 [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] 50 100 [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] [ ] 73

[ ] [ ] [ ] [ ] [ ] 100 [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] 74

[ ] [ ] 75

[ ] [ ] 76

[ ] [ ] 77

[ ] [ ] 78

[ ] [ ] 79

[ ] 6 1 402 28 4 11 1 1202 5 2 502 30 1 402 37 1 2 1 1 10 1608 26 25 G 80

[ ] 10 3 2 506 10 3 1 902 11 1318 3 5 5D 306 1110 34 1 5 201 81

[ ] [ ] 1 29 2 68 [ ] [ ] [ ] [ ] [ ] [ ] 55 1 20 [ ] 27 82

[ ] 6 SK 36 37 12 6 22 1 29 500 B 1018 [ ] 83

73 19 73 19 26 34 3401 www.china-tower.com (FCIS, FCS) 26 34 3401 84

[ ] 8 B 1 6 13 5 15 16 85

88 (i) (ii) (iii) 5G 2020 5G 3.0 GHZ 2017 12 31 194 86

2017 12 31 91.1% 2017 12 31 2017 3 (1) (2) 1,872 150 90 162 10,810 6,664 4,356 3,760 2,669 285 88 381 (3) 1.43 1.90 2.20 2.35 EBITDA 58.8% 61.4% 57.0% 43.3% (1) (2) 2018 4 25 Indus Towers Limited ) (3) 2017 12 31 2017 87

5 15 (i) (ii) (iii) 88

2017 12 31 200 1,000 2017 12 31 2017 1 1,872,154 68,665 97.25% 2 A 17,260 545 0.77% 3 B 4,200 72 0.10% 4 C 4,300 57 0.08% 5 D 1,900 27 0.04% 2017 12 31 [2014]586 [2016]142 [2017]92 [2018]82 28 2015 2015 2017 25.3 25.6 89

(i) (ii) (iii) 2012 2017 2012 2017 (1) 2012 2017 (2) 2012 2017 (1) 1994 4 100 (2) 2012 2017 2012 2017 90

(i) (ii) (iii) (iv) (v) (vi) 2017 2022 70.6 109.1 9.1% 2017 2.8 2022 4.9 11.9% 2017 2.8 2022 4.5 10.2% 91

2012 2017 8,570.3 11,937.6 6.9% 2012 2017 2018 2019 2020 2021 2022 (2012-2017 ) (2017-2022 ) 1,112.0 1,417.5 1,433.1 1,435.9 1,463.7 1,529.4 1,560.0 5.0% 1.9% GB 0.9 24.6 35.0 48.2 66.4 93.2 125.5 93.8% 38.5% GB 0.8 17.4 24.4 33.6 45.4 60.9 80.5 85.5% 35.9% 2017 12 31 4G (GB) 101.9% 71.7% 17.4 130.4% 97.0% 69.4 130.9% 83.9% 58.1 123.5% 96.7% 54.3 92

4G 4G 4G 2016 12 4G 4G 4G 2014 2017 4G 84.3 328.0 57.3%4G 2022 452.9 2017 2022 6.7% 5G 2020 5G 4G 5G 5G 5G 5G 4G 5G 4G 5G 5G 5 10 1.2 5G 2022 12 31 5G 243.2 4G 5G 93

2015 12 31 2017 12 31 1.23 1.42 2022 12 31 1.62 4G 5G 2017 12 31 1.43 2022 12 31 1.72 4G 5G 94

5G 5G 95

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (1) 1.3 2.3 3.8 4.8 5.3 6.0 7.2 8.2 9.4 10.7 12.3 73.4 89.2 119.0 158.1 200.9 213.7 242.5 277.4 316.6 357.7 392.4 5.1 5.8 6.3 6.9 7.9 10.0 11.2 12.9 14.8 16.6 18.5 (1) 96

2014 7 15 4,000,000,000 40.0% 3,010,000,000 30.1% 2,990,000,000 29.9% 10,000,000,000 100% 2014 9 2 2015 12 31 49,150,953,709 38.0% 36,345,836,822 28.1% 36,087,147,592 27.9% 7,760,676,901 6.0% 129,344,615,024 100% 97

2014 31 2015 2016 49.5 2017 2018 98

2015 10 14 24 7 11 24 7 11 12,961 2018 12 32 2017 12 2,966 2017 12 2017 12 31 24 24 2017 12 31 2018 12 31 99

31 1 (i) 31 1 102,736 57,585 45,151 54,658 21,322 33,336 2017 12 2017 12 30,131 30,131 (ii) 2,966 2,966 7,761 7,761 2015 12 31 100

[ ] 7,760,676,901 2,000,000,000 1.5% 101

[ ] [ ] [ ] [ ] 102

2018 3 31 1,886,454 2,733,500 2017 12 31 2017 2017 12 31 96.3% 2017 97.3% 103

4G 5G 2015 2016 2017 2018 3 31 8,802 55,997 68,665 17,244 2018 3 31 1,886,454 2,733,500 2017 12 31 2017 2017 12 31 96.3% 104

4G 14 2018 3 31 31 4G 5G 2022 15.6 2012 0.8GB 2017 17.4GB 85.5% 2017 2022 35.9% 2022 80.5GB 4G 105

5G 5G 5G 4G 5G [2014]586 [2016]142 [2017]92 [2018]82 [2017]234 (i) (ii) (iii) (iv) (v) 28 2015 2016 2017 12 31 2018 3 31 1.281.391.43 1.43 1.361.49 1.52 1.52 2018 3 31 70.2% EBITDA EBITDA 2016 2017 EBITDA 32,655 40,357 23.6%EBITDA 58.3% 58.8% 2017 2018 3 31 EBITDA 9,749 10,130 3.9%EBITDA 59.3% 58.7% 106

2017 2022 4G 3.28 4.53 6.7% 2017 2016 2017 55,997 68,665 22.6% 27,594 34,935 26.6% 2018 3 31 17,244 5,791 2017 12 31 100% 20162017 2018 3 31 66 58 66 107

FSU 7*24 150 10096 108

2018 3 31 2018 3 31 600 1,000 2016 12 31 281 2018 3 31 1,758 2016 12 31 2,169 2018 3 31 45,674 2016 19 2017 169 2017 3 31 6 2018 3 31 113 2017 12 31 14.8 43.6 2016 2017 12 31 2018 3 31 120.8 124.8 125.9 109

(i) (ii) (iii) (iv) 8 2016 2017 98.7% 99.2% 2017 2018 3 31 98.9% 99.2% 2016 2017 95.8% 96.3% 2017 2018 3 31 96.2% (i) (ii) (iii) 2016 2017 3,318 3,288 10.3% 9.0% 6.7% 6.2% 2017 2018 3 31 816 803 8.8% 6.7% 7.2% 110

20 (i) (ii) (iii) (iv) 2018 3 31 14,984 14,458 96.5% 2,593 17.3% 2018 3 31 82.3% 111

(i) (ii) (iii) (i) (ii) (iii) (iv) 112

(i) (ii) (iii) 5G (iv) 113

(i) (ii) (iii) (iv) (i) (ii) (iii) 114

12 31 3 31 2015 2016 2017 2017 2018 8,756 55,552 67,085 16,254 16,723 8,756 55,552 66,828 16,208 16,639 (1) 257 46 84 45 421 1,284 186 391 (2) 19 169 6 113 (3) 1 5 127 3 17 8,802 55,997 68,665 16,449 17,244 (1) 2015 2016 (2) 2015 (3) 12 31 3 31 2015 2016 2017 2018 1,939,063 2,402,820 2,645,223 2,662,655 1,939,063 2,402,820 2,629,024 2,644,597 16,199 18,058 3,532 13,646 23,615 25,171 2,169 18,637 45,674 1,942,595 2,418,635 2,687,475 2,733,500 115

116

2015 2016 2017 2018 3 31 99.5%99.2%97.3% 96.5% 2017 2017 257 2017 2018 3 31 46 84 2018 3 31 18,058 117

2018 3 31 22,870 10 69 4,389 13,700 95 1,905 2,200 2015 2016 2017 45 421 1,284 2017 2018 3 31 186 391 2015 2016 2017 12 31 2018 3 31 3,532 13,646 23,615 25,171 118

(i) (ii) 2017 119

2016 1 2016 2017 19 169 2017 2018 3 31 6 113 120

(i) (ii) 2018 3 31 13 PM2.5 2017 5 2017 10 2017 12 121

2018 3 31 2018 3 31 1,868,226 18,228 2018 3 31 1,886,454 2017 12 31 2018 3 31 1,436,133 122

本文件為草擬本 其所載資料為草擬本 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 下圖為截至 2018 年 3 月 31 日我們的站址在中國各省級區域的分佈熱力圖 我們根據各省級區域的經濟發展和人口密度對站址進行合理佈局 根據沙利文報告 我們在中國各個省級區域的站址佈局均與當地的經濟發展和人口密度相匹配 在經濟發達 及移動通信用戶密集地區 我們的站址資源分佈相對較密集 123

2018 3 31 1,868,226 18,228 99.0% 1.0% 12 31 3 31 2015 2016 2017 2018 1,517,710 1,723,247 1,855,176 1,868,226 2,494 9,953 16,978 18,228 1,520,204 1,733,200 1,872,154 1,886,454 124

2018 3 31 FSU 125

50 126

25 127

2018 3 31 18,044 4G 5G 128

129

2018 3 31 70.2% 12 31 3 31 2015 2016 2017 2018 1.28 1.40 1.44 1.45 1.28 1.39 1.43 1.43 1.36 1.49 1.52 1.52 2022 1.62 130

28 12 31 3 31 2015 2016 2017 2017 2018 251,662 371,234 357,007 69,181 77,230 153,381 185,589 143,432 22,714 12,665 2018 3 31 7,456 43,430 131

(i) IT (ii) FSU 2018 3 31 29,735 178,233 (i) (ii) (iii) (iv) FSU FSU 132

FSU 2016 4 2016 2017 12 31 2018 3 31 1,145,490 1,498,577 1,563,618 FSU 2018 3 31 FSU 5% 133

2016 12 31 281 2018 3 31 1,758 2016 12 31 2,169 2018 3 31 45,674 134

2018 30 (1) 34,455 183,433 5,915 48,278 (2) 3,400 (3) 11,000 (4) 2,205 47,660 (1) [ + + 1+ + 1+ ][ 183,433 101.0+ 5,915 6 + 48,278 61.0(1+2%) + 3,400 ]1+10% 34,455 135

(2) 3,400 (3) 11,000 (4) 21,000 1+ 21,000 10 (1+5%) 2,205 30% 40% 35% 45% 30% 40% 40% 50% 45% 55% 40% 50% (i) (ii) 2018 2018 2018 1 1 136

2018 1 1 15% 10% 5% 2018 1 1 2018 1 1 2018 1 1 2018 1 1 20% 30% 30% 40% 25% 35% 35% 45% FSU 137

2015 2016 2017 2018 3 31 12.9%14.5%18.2% 21.4% 9.4%8.3%12.4% 13.7% (i) (ii) 138

2015 2016 2017 2018 3 31 FSU 2015 2016 2017 2018 3 31 11.4%11.1%15.3% 17.0% 5 IMT-2020(5G) (ITU) 4G5G 2018 3 31 151 1.0% (i) (ii) (iii) (iv) (v) 2018 3 31 (i) (ii) (iii) 139

FSU (iv) (v) 5G 5G 2018 3 31 176 5 151 20 17 2018 3 31 115 2015 1 27 38 16239188 38 2016 6 20 (1) 38 (2) 38 (3) 16239188 33 16239188 16239188 2017 7 6 2017 10 5 2018 5 22 38 140

38 38 (i) (ii) 38 (iii) (a) 16239188 16239188 (b) (c) (d) 38 (e) 141

a b FSU 142

2017 12 31 96.3% 2017 12 31 200 2017 12 31 17,260 143

73 (i) (ii) (i) (ii) 2018 3 31 1,886,454 (i) (ii) 2018 3 31 (1) 443,837 1,855,002 2,298,839 177 2,498 2,675 (1) 144

50 100 12 25 15 100 5.01(3) (i) (ii) 2018 3 31 15% 5 342(1)(b) 34(2) 145

2014 7 29 2016 2 6 [2017] 234 (i) (ii) (iii) (i) [2017] 234 (ii) [2017] 234 (iii) (iv) 2018 3 31 26 (i) (ii) 2018 3 31 31 30 146

2018 3 31 2,298,839 (i) 26,439 1.2% (ii) 265,054 11.5% (iii) 2,007,346 87.3% 147

32,691 1.4% (i) (ii) [2017]234 (iii) 148

384,707 16.7% (i) (ii) (iii) (i) (ii) 674,916 29.4% (i) (ii) 94,829 4.1% [2017] 234 (i) (ii) 149

41,856 1.8% 544,775 23.7% (i) (ii) 150

233,572 10.2% (i) (ii) (iii) 2014 2018 3 31 78 (iv) (v) (vi) 2018 3 31 177 (i) 169 95.5% 17,230 (ii) 8 4.5% 44,496 151

2018 3 31 2,498 (i) 1,603 64.2% 573,978 (ii) 895 35.8% 400,882 (i) (ii) (iii) (i) (ii) (iii) (iv) (v) 152

(i) 30 (a) 2017 0.002% 0.05% (b) 2018 3 31 0.0002% 0.005%(ii) (iii) (iv) (v) (vi) 2018 3 31 78 0.005% (i) (ii) (iii) 153

2017 10 26 [2017] 1990 41 154

2018 3 31 2020 11 11 2020 12 31 155

2018 3 31 14,984 12 31 3 31 2015 2016 2017 2018 2,536 2,556 2,775 2,872 1,514 1,695 1,689 1,787 6,065 7,506 7,731 7,532 2,173 2,588 2,812 2,793 12,288 14,345 15,007 14,984 2018 1 3 5 (i) (ii) 2018 5 156

157

[ ] 38.0%28.1% 27.9% [ ] [ ] [ ] (BVI) A (BVI) [ ] [ ] [ ] 158

1. (1) (1) 14A.35 14A.36 14A.53 (2) (2) (3) (3) (4) (4) 2. (1) (1) (2) (2) (3) (3) (4) (4) 3. (1) (1) (2) (2) (3) (3) (4) (4) 14A.35 14A.36 14A.53 14A.35 14A.36 14A.53 (1) (1) (2) (3) (2) (1) (2) (3) (3) (4) 159

4. 14A.76 5. 14A.76 6. 14A.76 7. 8. 9. 14A.35 14A.35 14A.35 10. 11. 12. 14A.35 14A.35 14A.35 14A.36 160

13. 14A.90 14. 14A.97 15. 14A.97 16. 14A.97 17. 18. 19. 14A.76 14A.76 14A.76 161

2016 7 8 2015 11 1 2018 1 31 2018 2 1 < > (1) 15% 10% (2) 20% 30% 30% 40% 5% (3) (4) 2019 12 31 (5) 2018 1 1 (6) 5 2018 1 1 2022 12 31 2018 1 162

2018 4 26 2018 4 20 2018 4 28 2018 1 1 2022 12 31 163

2018 1 1 2022 12 31 164

1 1+ + 1 2 1+ + 1+ 10 20 6 2% 10% 165

: 1 2 30% 35% 40% 45% 40% 45% 50% 55% 1 +5% 10 1: : : 3 1 A A X 30 A 30 183,433 5,915 48,278 1.0 X 1.0 10 6 6 3,400 / 11,000 / 21,000 2% 10% / [ + + 1+ + ] 1 + = [( 183,433 /101.0 + 5,915 /6 + 48,278 /6)1.0 (1+2%) + 3,400 ](1+10%) = 34,455 / = 1+ 21,000 /10(1+5%) = 2,205 / = + + 34,455 + 11,000 + 2,205 = 47,660 166

2: A B B 1 A : A 35% 1 45% 2 B 30% 1 40% 2 : A / = 34,455 (1-35)% + ( 11,000 + 2,205 )55% = 29,659 B / = 34,455 (1-30)% + ( 11,000 + 2,205 )60% = 32,042 3: A B : A B 2 B : A B / 32,042 4: A B C C 1 A A 45% 1 55% 2 B C 40% 1 50% 2 A 34,455 (1-45%) + 11,000 + 2,205 (1-55%) 24,893 B C 34,455 (1-40%) + 11,000 + 2,205 (1-50%) 27,276 1 1+ 1 2 (1+ )+ 1+ / ( / ) 167

2% 10% 1: 30% 35% 40% 45% 2: 5: : : 40% 45% 50% 55% 2020 30% 70% 60% 70% 40% 60% 45% 2015 12 31 3 1 30% 10% A X 30 X 0.82 / [ + + 1+ + ] +1 + = [( 183,433 /10 + 5,915 /6 + 48,278 /6)0.82(1+2%) + 3,400 ](1+10%) = 28,927 1 168

+ 1 1+ + 1+ 2.95 16.24 7 2% 40% 50% 15% 2 1 1 10% 169

6 A A 80,000 7.5 / 16.24 / 7 0.05 / / 2,000 / [ 1 + + ] 1 + = [ 7.5 /7(1+2%) + 0.05 ](1+15%) = 1.3143 = + 1.3143 / 80,000 + 2,000 = 107,143 7 A B B A B 40% 8 / = 107.143 6 / (1-40%) = 64,286 6 15.55 / 16.24 / 15% : 6 170

(1) + 1 1+ + 1+ 7 2% 15% 40% 50% ) (1) 171

(1+ ) 5% [ 1+ + 1+ ] 1 10 2% 30% 40% 15% 172

1 + + + 173

5% 1 + 1 + 1.5 1.5 400 1 1.5 1 3 10 25 1 1 174

2022 12 31 12 31 3 31 2015 2016 2017 2018 (1) 4,488 27,545 34,795 8,967 (2) 22 241 715 228 (3) 9 2 (4) 50 856 1,280 264 4,560 28,642 36,799 9,461 12 31 3 31 2015 2016 2017 2018 (5) 122 2,325 2,575 2,741 175

12 31 3 31 2015 2016 2017 2018 (1) 2,280 14,680 15,569 3,701 (2) 11 85 249 72 (3) 3 1 (4) 23 298 409 109 2,314 15,063 16,230 3,883 12 31 3 31 2015 2016 2017 2018 (5) 81 1,036 861 1,040 12 31 3 31 2015 2016 2017 2018 (1) 1,896 11,895 14,689 3,595 (2) 12 95 320 91 (3) 7 1 (4) 19 273 445 98 1,927 12,263 15,461 3,785 176

12 31 3 31 2015 2016 2017 2018 (5) 17 766 746 922 (1) (2) (3) (4) (5) 14A.53 [ ] 14A.105 (5 ) 177

[ ] 178

5% A 14A.105 [ ] 14A.35 14A.36 14A.53 179

12 31 3 31 2015 2016 2017 2018 4 5 4 2 1 6 3 14.07 0.1% 14A.33(3) 2018 [ ] [ ] 180

[ ] [2020] [12] [31] 181

2015 2016 2017 12 31 2018 3 31 1457 21 15,92214,39414,268 12,757 12 31 2018 12 31 2015 2016 2017 3 31 2018 2019 2020 3 1 2 2 1 2 3 2 2 4 16 (1) 18 20 (2) 12 31 2018 12 31 2015 2016 2017 3 31 2018 2019 2020 93 461 253 52 245 257 270 93 461 253 52 245 257 270 96 463 255 56 261 275 290 (1) 2018 2018 3 31 2018 3 31 (2) 2016 2015 2015 2015 2016 2017 2016 182

2015 2016 2017 12 31 2018 3 31 67891 99 13,03113,4849,991 4,047 (1) (2) 12 31 2018 3 31 12 31 2015 2016 2017 2018 2019 2020 10 15 18 5 1 2 2 11 17 20 5 28 30 33 (3) (4) 12 31 2018 3 31 12 31 2015 2016 2017 2018 2019 2020 36 265 89 20 95 100 105 36 265 89 20 95 100 105 47 282 109 25 123 130 138 (1) (2) (3) 2016 2015 2015 2015 2016 2017 2016 (4) 183

2015 2016 2017 12 31 2018 3 31 4665101 133 21,00622,98918,610 12,529 (1) 12 31 2018 3 31 12 31 2015 2016 2017 2018 2019 2020 18 47 93 35 10 14 16 3 28 61 109 38 190 215 236 (2) (3) 12 31 2018 3 31 12 31 2015 2016 2017 2018 2019 2020 75 424 278 53 274 283 297 75 424 278 53 274 283 297 103 485 387 91 464 498 533 (1) (2) 2016 2015 2015 2015 2016 2017 2016 (3) 184

2017 2018 2020 12 31 0.1% 5% A 185

14A.105 [ ] 14A.35 2018 [ ] [ ] 186

[ ] [2020] [12] [31] 187

2015 2016 2017 12 31 2018 3 31 433 799 786 131 1.1%1.0%1.2% 1.4% 2015 2016 2017 12 31 2018 3 31 195 631 786 139 0.5%0.8%1.2% 1.4% 2015 2016 2017 12 31 2018 3 31 3,490 6,217 7,971 1,246 9.0%7.7%11.7% 12.8% 2018 2019 2020 12 31 950 1,072 1,211 188

2018 2019 2020 12 31 932 1,047 1,177 2018 2019 2020 12 31 9,769 10,872 12,103 189

0.1% 5% A 14A.105 14A.35 5% A 190

14A.105 14A.35 14A.36 [ ] 12 31 3 31 2015 2016 2017 2018 3,000 4,650 19,309 3,000 4,650 23,059 3,950 3,000 8,400 8,050 3,000 4,650 19,309 15,209 14A.90 [ ] 191

12 31 3 31 2015 2016 2017 2018 10 18 19 3 10 15 52 4 13 20 24 14A.97 192

[ ] 12 31 3 31 2015 2016 2017 2018 3 23 4 3 17 9 6 14.07 0.1% 14A.33(3) 193

(1) (2) 194

(1) (2) 14A.52 195

60 2014 7 15 2018 3 21 2014 7 15 2014 7 16 196

52 2018 5 3 54 2014 7 15 53 2018 5 3 2018 5 3 2014 7 15 2018 5 3 61 2018 5 3 2018 5 3 197

62 2018 5 3 2018 5 3 65 2018 5 3 2018 5 3 2014 7 2018 3 2014 7 1998 11 1998 12 1998 12 2000 7 2000 7 2001 2 2001 2 2003 8 2003 8 2004 11 2004 12 2009 1 2009 1 2011 4 2011 5 2014 8 2004 2 2008 10 2008 10 2011 3 2011 3 2014 8 1987 7 1993 2002 10 2009 10 1993 1 198

2018 5 1998 9 2000 6 2000 6 2003 3 2003 3 2006 8 2006 8 2010 7 2010 7 2012 2 2012 2 2013 8 2013 8 2016 3 2017 3 1989 7 1993 2002 10 2008 6 2007 11 1998 9 2014 7 2001 9 2005 3 2005 3 2006 11 2006 11 2008 11 2008 11 2011 3 2011 3 2011 4 2017 3 2016 4 2018 2 A 2017 3 0008 OTC Markets Group Inc. 2017 6 1985 7 1988 7 1990 7 2001 9 BI 2009 12 2017 11 199

2018 5 1999 11 2000 7 2000 7 2002 6 2002 6 2002 12 2002 12 2010 6 2006 10 2008 1 2007 8 2010 6 2008 1 2010 6 2010 6 2014 3 2014 3 2017 11 2017 11 2018 3 1986 7 2000 2002 7 2005 8 BI 2018 5 1997 8 2001 1 2001 1 2003 1 2003 1 2007 1 2007 1 2007 9 2007 9 2009 2 2009 2 2015 6 2017 2 2017 9 1982 1 1988 2005 10 2018 5 1996 9 2001 3 2001 3 2002 12 2002 12 2003 8 2003 8 2004 9 00753601111 AIRC 2004 9 2005 1 200

2005 1 2006 10 2006 10 2011 2 2011 2 2014 7 2014 7 2016 3 2005 1 2010 4 2010 4 2010 5 2017 9 2018 1 1982 2 2001 2000 7 1996 4 1997 8 2018 5 2003 1 2004 9 1998 10 2002 12 2002 12 2012 12 2014 6 3329 2014 7 982 2016 3 143 2017 11 620 2018 1 1621 2015 10 2016 6 993 2015 12 2017 11 1975 7 2013 7 201

54 2014 2018 11 14 5 3 56 2014 7 15 51 2014 7 15 54 2018 5 3 35 2018 5 3 52 2014 11 14 2014 7 15 2014 7 15 2018 5 3 2018 5 3 2018 5 3 2018 5 2014 11 2016 10 2016 10 2017 6 2017 6 1999 1 1999 12 2000 1 2001 8 202

2001 8 2006 11 2006 12 2007 7 2007 7 2012 5 2012 5 2014 11 1983 7 2005 1995 1 2014 7 1999 7 2000 6 2000 6 2000 9 2000 6 2000 9 2000 9 2006 4 2006 4 2007 9 2007 9 2010 6 2010 6 2007 9 2013 1 002230 1984 7 1993 2004 6 1998 9 2014 7 1998 10 2002 5 1998 10 2002 5 2003 11 2006 12 2006 12 2008 11 2008 11 2010 4 2010 4 2012 4 2012 4 2006 7 1997 5 203

2018 5 1995 10 2000 6 2000 6 2002 7 2002 7 2002 9 2002 9 2003 9 2003 9 2004 5 2004 5 2008 2 2008 2 2013 11 2013 11 2008 2 2013 11 2013 11 2015 3 1984 7 1993 2005 7 1997 12 2018 5 2005 7 2006 12 2006 12 2008 3 2006 12 2008 3 2008 3 2015 5 2014 5 2015 5 2015 5 2015 11 2015 11 2017 7 2017 7 2018 1 2018 1 2018 3 600636 2005 7 2011 4 204

2018 5 2014 11 2017 4 2017 4 2017 6 2017 6 2000 8 2002 5 2002 5 2003 8 2003 8 2005 12 2006 1 2008 11 2008 12 2014 11 1989 7 1994 4 60 2014 7 15 2018 3 21 2014 7 15 2014 7 16 205

60 2014 8 4 54 2014 8 4 52 2014 8 4 2014 8 4 2014 8 4 2014 8 4 55 2016 2016 11 18 11 18 2014 7 2018 3 2014 7 2014 8 1999 7 2002 7 2002 7 2006 8 2006 8 2010 7 2010 7 2014 8 1982 1 1993 1997 11 206

2014 8 2017 6 1996 2 1997 11 1997 11 1998 9 1998 9 1998 12 1998 12 1999 2 1999 2 2000 8 2000 8 2001 8 2001 8 2004 1 2004 1 2006 2 2006 2 2008 11 2008 12 2009 2 2009 2 2010 4 2010 4 2012 4 2012 4 2014 9 1985 7 2005 1987 7 2001 5 2003 12 2008 6 1998 9 2014 8 1996 2 1997 1 1997 1 1998 12 1998 12 2000 6 2000 6 2003 4 2003 4 2005 11 2003 4 2004 3 2005 11 2008 4 2008 4 2012 2 2012 2 2014 8 207

1988 7 1993 2005 12 2012 5 1997 11 2009 8 2016 11 1994 10 2000 10 2000 10 2001 2 2001 2 2003 9 2003 9 2006 2 2006 2 2007 2 2007 2 2010 1 2010 1 2010 3 601669 2014 1 2010 1 2012 12 2012 12 2013 5 2013 5 2014 2 2014 2 2014 6 2014 6 2014 10 2014 10 2016 11 2000 12 1993 10 1998 10 (i) 208

(ii) (iii) XV (iv) 13.51(2) 51 2018 5 2006 2 2008 10 2008 10 2015 10 2015 11 2016 12 2016 12 2018 4 1988 12 2011 9 5 209

(i) (ii) (iii) (iv) 3 (i) (ii) (iii) (iv) (v) (vi) (vii) 5 210

(i) (ii) (iii) (iv) (v) 3 (i) (ii) (iii) (iv) 4 (i) (ii) 211

(iii) (iv) (v) (vi) (vii) (i) (ii) (iii) [ ] A.2.1 [ ] 212

A.2.1 (i) (ii) (iii) (iv) 213

2015 2016 2017 12 31 2018 3 31 3 2015 12 31 2016 12 31 2017 12 31 2018 3 31 3 0.96 0.98 0.95 (1) 0.22 0 0 0 0 4.57 4.77 5.30 (2) 1.04 4.57 5.81 5.85 1.73 (1) 2017 90 (2) 2017 294 2018 12 31 3.24 214

2018 3 31 14,984 2015 2016 2017 12 31 2018 3 31 3 2,840 3,743 4,229 1,240 3A.19 19A.05 (i) 3A.19 19A.05 [ ] 13.46 [ ] (ii) (iii) (iv) 215

[ ] 129,344,615,024 129,344,615,024 1.00 [ ] [ ] [ ] [ ] 129,344,615,024 [ ] [ ] H [ ] [ ] [ ] [ ] [ ] [ ] [ ] 129,344,615,024 [ ] [ ] H [ ] [ ] [ ] [ ] [ ] H [ ] [ ] [ ] H [ ] 216

H (i) 12 H 20% H (ii) H 15 (iii) H H H H H H [ ] H H (i) H H H H (ii)h [ ] [ ] H H 217

H H H [ ] [ ] [ ] [ ] 15 [ ][ ] [ ] H H [ ] 2018 5 3 218

5% (1) 49,150,953,709 38.0% (1) 49,150,953,709 38.0% (BVI) (1) 49,150,953,709 38.0% (1) 49,150,953,709 38.0% (1) 49,150,953,709 38.0% (2) 36,345,836,822 28.1% A (2) 36,345,836,822 28.1% (BVI) (2) 36,345,836,822 28.1% (BVI) (2) 36,345,836,822 28.1% (2) 36,345,836,822 28.1% 219

(2) (3) (3) 36,345,836,822 28.1% 36,087,147,592 27.9% 36,087,147,592 27.9% 7,760,676,901 6.0% (1) [ ] (BVI) (2) [ ] A (BVI) (BVI) (3) [ ] [ ] [ ] XV 2 3 (1) (1) 49,150,953,709 38.0% [ ] 49,150,953,709 38.0% [ ] 220

(BVI) (1) (1) (1) (2) A (2) (BVI) (2) (BVI) (2) (2) (2) 49,150,953,709 38.0% [ ] 49,150,953,709 38.0% [ ] 49,150,953,709 38.0% [ ] 36,345,836,822 28.1% [ ] 36,345,836,822 28.1% [ ] 36,345,836,822 28.1% [ ] 36,345,836,822 28.1% [ ] 36,345,836,822 28.1% [ ] 36,345,836,822 28.1% [ ] 221

(3) (3) 36,087,147,592 27.9% [ ] 36,087,147,592 27.9% [ ] 7,760,676,901 6.0% [ ] [ ] [ ] [ ] [ ] [ ] [ ] (1) [ ] (BVI) (2) [ ] A (BVI) (BVI) (3) [ ] [ ] [ ] XV 2 3 10% 222

38.0% [ ] [ ] [ ] [ ] [ ] [ ] (BVI) 72.72% (BVI) [ ] 72.72% 941CHL 10% 2015 10 14 2015 1 1 223

2017 4 28 [ ] 2015 2016 2017 12 31 2018 3 31 51.8%51.2%53.6% 54.9% (a) 2015 2016 2017 12 31 2018 3 31 51.8% 51.2%53.6% 54.9% [ ] 224

(b) (c) 2015 2016 2017 12 31 2018 3 31 48.2% 48.8%46.2% 44.5% 2018 3 31 4,573 15,209 12,961 2018 3 31 159,470 225

1 (a) (b) (i) (ii) (c) 3 (d) 226

(a) 3 (b) (c) (d) A (e) 227

2015 2016 2017 12 31 2014 7 15 2015 10 31 1 2015 2016 2017 2018 3 31 8,802 55,997 68,665 17,244 2015 2015 11 1 2015 12 31 11 12 2015 2016 2017 12 31 228

2017 70.6 9.1% 2022 109.1 2017 2.8 11.9% 2022 4.9 2017 2.8 10.2% 2022 4.5 2018 2017 47.5%16.5%9.0%6.2% 9.6% 2018 3 31 46.6%17.5%8.8%7.2% 7.8% 229

2017 99.8% 2018 3 31 99.4% 2017 12 31 2018 3 31 99.4% 99.2% 2015 2016 2017 12 31 2018 3 31 1.28 1.401.44 1.45 2015 2016 2017 2018 3 31 229,070 64,103 43,836 3,825 230

2015 2016 2017 2018 3 31 5,138 27,585 32,642 8,041 58.4%49.3%47.5% 46.6% 2018 1 1 10 20 2017 3 31 7,843 2018 3 31 8,041 2018 3 31 594 2018 2015 2016 2017 12 31 2018 3 31 118,183 140,032 156,305 160,361 2015 2016 2017 2018 3 31 747 5,077 5,283 1,638 2016 231

4G 5G 9 15 232

2015 4 (EBITDA) EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA 12 31 3 31 2015 2016 2017 2017 2018 (4,161) 5,070 7,715 1,906 2,089 5,138 27,585 32,642 7,843 8,041 EBITDA 977 32,655 40,357 9,749 10,130 EBITDA 58.3% 58.8% 59.3% 58.7% EBITDA EBITDA 233

2 4 4 (i) (ii) (iii) 1 3 (i) (ii) (iii) (iv) (v) (i) (ii) (iii) (iv) 234

(i) (ii) (iii) (iv) (i) (ii) (iii) (iv) (v) (vi) 2017 15% 25% 235

12 31 3 31 2015 2016 2017 2017 2018 % % % % % 8,802 100 55,997 100 68,665 100 16,449 100 17,244 100 (5,138) 58.4 (27,585) 49.3 (32,642) 47.5 (7,843) 47.7 (8,041) 46.6 (1,856) 21.1 (9,121) 16.3 (11,336) 16.5 (2,880) 17.5 (3,020) 17.5 (1,387) 15.8 (5,750) 10.3 (6,156) 9.0 (1,446) 8.8 (1,514) 8.8 (2,840) 32.3 (3,743) 6.7 (4,229) 6.2 (1,098) 6.7 (1,240) 7.2 (1,742) 19.7 (4,728) 8.3 (6,587) 9.6 (1,276) 7.7 (1,340) 7.8 (12,963) 147.3 (50,927) 90.9 (60,950) 88.8 (14,543) 88.4 (15,155) 87.9 (4,161) 47.3 5,070 9.1 7,715 11.2 1,906 11.6 2,089 12.1 18 0.2 48 0.1 149 0.2 10 0.1 14 0.1 144 1.6 65 0.1 104 0.2 18 0.1 33 0.2 (747) 8.4 (5,077) 9.1 (5,283) 7.7 (1,288) 7.9 (1,638) 9.5 (4,746) 53.9 106 0.2 2,685 3.9 646 3.9 498 2.9 1,150 13.0 (30) 0.1 (742) 1.1 (162) 1.0 (118) 0.7 (3,596) 40.9 76 0.1 1,943 2.8 484 2.9 380 2.2 (3,596) 40.9 76 0.1 1,943 2.8 484 2.9 380 2.2 236

12 31 3 31 2015 2016 2017 2017 2018 % % % % % 8,756 99.5 55,552 99.2 66,828 97.3 16,208 98.6 16,639 96.4 257 0.4 46 0.3 84 0.5 45 0.5 421 0.8 1,284 1.9 186 1.1 391 2.3 19 0.0 169 0.2 6 0.0 113 0.7 (1) 1 0.0 5 0.0 127 0.2 3 0.0 17 0.1 8,802 100 55,997 100 68,665 100 16,449 100 17,244 100 (2) 4,560 51.8 28,646 51.2 36,804 53.6 8,654 52.6 9,465 54.9 (3) 2,314 26.3 15,063 26.9 16,232 23.7 4,134 25.2 3,884 22.5 1,927 21.9 12,263 21.9 15,467 22.5 3,656 22.2 3,788 22.0 8,801 100.0 55,972 100.0 68,503 99.8 16,444 100.0 17,137 99.4 (4) 1 0.0 25 0.0 162 0.2 5 0.0 107 0.6 8,802 100 55,997 100 68,665 100 16,449 100 17,244 100 (1) (2) (3) (4) 2015 2016 2017 2018 3 31 8,801 55,972 68,503 17,137 51.8%51.2%53.6% 54.9% 237

2018 2017 3 31 2017 3 31 16,449 2018 3 31 17,244 4.8% 2017 3 31 2,483,918 2018 3 31 2,733,500 2018 2018 1 1 2018 2017 2016 2016 55,997 22.6% 2017 68,665 2016 12 31 2,418,635 2017 12 31 2,687,475 2016 2017 2017 2016 2015 2015 2016 2015 12 31 3 31 2015 2016 2017 2017 2018 % % % % % 5,138 39.6 27,585 54.2 32,642 53.6 7,843 53.9 8,041 53.1 1,856 14.4 9,121 17.9 11,336 18.6 2,880 19.8 3,020 19.9 1,387 10.7 5,750 11.3 6,156 10.1 1,446 9.9 1,514 10.0 2,840 21.9 3,743 7.3 4,229 6.9 1,098 7.6 1,240 8.2 1,742 13.4 4,728 9.3 6,587 10.8 1,276 8.8 1,340 8.8 12,963 100 50,927 100 60,950 100 14,543 100 15,155 100 238

(i) (ii) (iii) (iv) 12 31 3 31 2015 2016 2017 2017 2018 % % % % % 2 0.0 5 0.0 3,404 38.7 20,495 36.6 24,294 35.4 5,892 35.8 5,687 33.0 1,710 19.4 7,010 12.5 8,220 12.0 1,930 11.7 2,314 13.4 21 0.2 54 0.1 82 0.1 13 0.1 25 0.1 3 0.1 26 0.1 44 0.0 8 0.1 10 0.1 5,138 58.4 27,585 49.3 32,642 47.5 7,843 47.7 8,041 46.6 2018 2017 3 31 2017 3 31 7,843 2018 3 31 8,041 2.5% 2017 2018 1 1 10 20 2018 2017 2016 2016 27,585 18.3% 2017 32,642 (i) (ii) 2016 2017 2016 2015 2015 2016 2015 239

2015 2016 2017 2018 3 31 1,856 9,121 11,336 3,020 21.1%16.3%16.5% 17.5% 2018 2017 3 31 2017 3 31 2,880 2018 3 31 3,020 4.9% 2017 2016 2016 9,121 24.3% 2017 11,336 (i) (ii) 2016 2015 2015 2016 2015 2015 2016 2017 2018 3 31 1,387 5,750 6,156 1,514 15.8%10.3%9.0% 8.8% 2018 2017 3 31 2017 3 31 1,446 2018 3 31 1,514 4.7% 2017 2016 2016 5,750 7.1% 2017 6,156 240

2016 2015 2015 2016 2015 (i) (ii) (iii) (iv) 12 31 3 31 2015 2016 2017 2017 2018 % % % % % 2,245 25.5 2,921 5.3 3,233 4.8 854 5.2 967 5.7 299 3.4 414 0.7 504 0.7 125 0.8 140 0.8 167 1.9 222 0.4 266 0.4 66 0.4 73 0.4 129 1.5 186 0.3 226 0.3 53 0.3 60 0.3 2,840 32.3 3,743 6.7 4,229 6.2 1,098 6.7 1,240 7.2 2018 2017 3 31 2017 3 31 1,098 2018 3 31 1,240 12.9% 2017 2016 2016 3,743 13.0% 2017 4,229 2016 2015 2015 2016 2015 241

(i) (ii) (iii) (iv) (v) (vi) 12 31 3 31 2015 2016 2017 2017 2018 % % % % % 168 1.9 1,525 2.7 2,189 3.2 370 2.2 430 2.5 (1) 473 5.4 1,295 2.3 1,668 2.4 361 2.2 429 2.5 5 0.1 632 1.1 1,330 1.9 267 1.6 185 1.1 (2) 344 3.9 513 0.9 580 0.9 128 0.8 150 0.9 (3) 125 1.4 137 0.2 159 0.2 42 0.3 34 0.2 (4) 627 7.0 626 1.1 661 1.0 108 0.6 112 0.6 1,742 19.7 4,728 8.3 6,587 9.6 1,276 7.7 1,340 7.8 (1) (2) (3) (4) 2018 2017 3 31 2017 3 31 1,276 2018 3 31 1,340 5.0% (i) (ii) 2017 2016 2016 4,728 39.3% 2017 6,587 (i) (ii) (iii) 242

2017 2016 2017 FSU 2017 2016 2015 2015 (i) (ii) (iii) 2016 2015 12 31 3 31 2015 2016 2017 2017 2018 (1) (4,161) 5,070 7,715 1,906 2,089 (2) 9.1% 11.2% 11.6% 12.1% EBITDA (3) 977 32,655 40,357 9,749 10,130 EBITDA (4) 58.3% 58.8% 59.3% 58.7% (1) (2) (3) EBITDA (4) EBITDA EBITDA 2018 2017 3 31 2017 3 31 1,906 9.6% 2018 3 31 2,089 EBITDA 9,749 3.9% 10,130 (i) (ii) 2017 3 31 1.40 2018 3 31 1.45 243

EBITDA 2017 2016 2016 5,070 52.2% 2017 7,715 9.1% 11.2% (i) (ii) 2016 12 31 1.40 2017 12 31 1.44 EBITDA 2016 32,655 23.6% 2017 40,357 (i) (ii) 2016 2017 EBITDA 2016 2015 2015 2016 2015 2015 2016 2017 2018 3 31 18 48 149 14 0.2%0.1%0.2% 0.1% 2015 2016 2017 2018 3 31 144 65 104 33 1.6%0.1%0.2% 0.2% 244

12 31 3 31 2015 2016 2017 2017 2018 86 1,293 1,437 317 1,510 661 4,031 3,987 996 175 7 135 38 (254) (276) (63) (47) 747 5,077 5,283 1,288 1,638 2018 2017 3 31 2017 3 31 1,288 2018 3 31 1,638 27.2% (i) (ii) 2017 2017 2016 2016 5,077 4.1% 2017 5,283 (i) (ii) 2016 2017 12 2015 70.9 2016 2015 2015 2016 2015 2017 15% 25% 245

12 31 3 31 2015 2016 2017 2017 2018 223 65 (1) (1,150) 30 519 162 53 (1,150) 30 742 162 118 (1) 10 12 31 3 31 2015 2016 2017 2017 2018 (%) (1) 24.2 28.3 27.6 25.1 23.7 (1) 2018 2017 3 31 2017 3 31 25.1% 2018 3 31 23.7% 2018 3 31 246

2017 2016 2016 28.3% 2017 27.6% 2017 15% 2017 15% 2017 2016 25% 12 15% 2017 2017 25% 2016 25% 2016 2015 2015 2016 2015 2018 3 31 380 2017 1,943 2016 76 2015 3,596 2018 5 31 12,076 [ ] 12 247

12 31 3 31 2015 2016 2017 2017 2018 (6,729) 27,594 34,935 8,705 5,791 (15,217) (46,023) (51,915) (12,600) (8,807) 26,007 22,025 7,583 (6,149) 2,385 4,061 3,596 (9,397) (10,044) (631) 9,592 13,653 17,249 17,249 7,852 13,653 17,249 7,852 7,205 7,221 (i) (ii) 2018 3 31 5,791 498 (i) 8,041 1,638 (ii) 4,067 2,561 1,857 2017 34,935 2,685 (i) 32,642 5,283 248

1,330 (ii) 4,508 3,063 2016 27,594 106 (i) 27,585 5,077 (ii) 5,979 1,410 565 1,769 707 2015 6,729 4,746 (i) 5,138 (ii) 9,805 716 1,988 2018 3 31 8,807 8,813 2017 51,915 51,837 2016 46,023 46,001 2015 15,217 15,211 249

2018 3 31 2,385 15,160 9,670 1,515 1,590 2017 7,583 131,479 76,631 37,973 4,950 4,342 2016 22,025 41,675 10,727 4,937 20,887 10,966 3,461 2015 26,007 26,375 300 68 250

12 31 3 31 5 31 2015 2016 2017 2018 (1) 5 3 28 1 1 20,537 15,789 15,262 19,329 20,317 2,918 6,524 7,375 7,837 7,857 13,653 17,249 7,852 7,221 12,076 37,113 39,565 30,517 34,388 40,251 12,900 32,316 95,260 96,429 95,781 4,937 10,966 90,499 17,252 15,737 15,737 34 29 18 36 21,618 39,840 31,906 29,202 28,370 1,643 3,942 5,371 5,351 6,717 223 288 294 47,127 171,568 150,041 147,025 146,935 10,014 132,003 119,524 112,637 106,684 (1) 2016 (i) (ii) 251

12 31 2015 2016 2017 2018 3 31 9,430 10,852 10,926 14,357 9,430 10,852 10,926 14,357 (1) 10,727 (2) 157 790 689 338 (3) 220 4,128 3,639 4,619 (4) 3 19 8 15 11,107 4,937 4,336 4,972 20,537 15,789 15,262 19,329 (1) 2016 2 (2) (3) (4) 2017 12 31 10,926 2018 3 31 14,357 2016 12 31 2017 12 31 2015 12 31 2016 12 31 2015 252

2018 5 31 2018 3 31 11,900 82.9% 12 31 2015 2016 2017 2018 3 31 (1) 4,894 5,126 6,216 7,930 (2) 2,477 3,277 1,983 2,924 2,059 2,431 2,660 3,392 18 67 111 9,430 10,852 10,926 14,357 (1) (2) 12 31 2015 2016 2017 2018 3 31 (1) (2) 66 58 66 (1) 365 90 (2) 2015 2015 2016 2017 2018 3 31 12 31 2015 2016 2017 2018 3 31 3 9,430 10,852 10,926 14,348 3 6 9 9,430 10,852 10,926 14,357 253

2017 12 31 4,336 14.7% 2018 3 31 4,972 2016 12 31 4,937 12.2% 2017 12 31 4,336 2015 12 31 11,107 2016 12 31 4,937 2016 2 2018 5 31 2018 3 31 3,768 75.8% (i) (ii) 12 31 2015 2016 2017 2018 3 31 (1) 1,966 1,717 2,546 3,046 (2) 952 4,807 4,829 4,791 2,918 6,524 7,375 7,837 (1) (2) 2017 12 31 7,375 6.3% 2018 3 31 7,837 254

2016 12 31 6,524 13.0% 2017 12 31 7,375 2015 12 31 2,918 2016 12 31 6,524 12 31 2015 2016 2017 2018 3 31 19,161 35,049 26,706 21,442 2,457 4,791 5,200 7,760 21,618 39,840 31,906 29,202 2018 5 31 2018 3 31 10,433 35.7% 255

12 31 2015 2016 2017 2018 3 31 20,649 34,265 27,898 24,880 969 4,209 2,690 2,870 1,366 1,318 1,452 21,618 39,840 31,906 29,202 (i) (ii) (iii) (iv) (v) 12 31 2015 2016 2017 2018 3 31 638 2,230 3,144 3,239 311 811 1,045 1,118 (1) 104 259 464 127 408 413 436 694 (2) 144 182 137 73 (3) 38 47 145 100 1,643 3,942 5,371 5,351 (1) (2) (3) 256

2017 12 31 2018 3 31 2016 12 31 3,942 36.3% 2017 12 31 5,371 (i) (ii) 2015 12 31 1,643 2016 12 31 3,942 (i) (ii) 12 31 3 31 2015 2016 2017 2018 203,886 245,788 258,138 254,619 19,807 13,592 10,930 10,006 (1) 7,089 5,385 9,910 11,777 1,238 1,208 689 636 (2) 5 6,130 12,459 12,914 232,025 272,103 292,126 289,952 10,984 12,280 43,793 48,195 83,333 (3) 2,218 2,268 1,314 1,245 96,535 14,548 45,107 49,440 (1) 14 (2) (3) 21(a) 22 (i) (ii) (iii) (iv) 257

12 31 2015 2016 2017 2018 3 31 209,021 277,985 321,897 326,218 (5,135) (32,197) (63,759) (71,599) 203,886 245,788 258,138 254,619 2017 12 31 258,138 1.4% 2018 3 31 254,619 2016 12 31 245,788 5.0% 2017 12 31 258,138 2017 2015 12 31 203,886 20.6% 2016 12 31 245,788 2016 2015 2016 2017 2018 1 1 213 19,807 13,592 10,930 48,028 61,166 42,144 3,757 (28,434) (67,381) (44,806) (4,681) 12 31 3 31 19,807 13,592 10,930 10,006 2017 12 31 10,930 8.5% 2018 3 31 10,006 2018 258

2016 12 31 13,592 19.6% 2017 12 31 10,930 2016 2017 2015 12 31 19,807 31.4% 2016 12 31 13,592 2015 2016 15 2017 12 31 689 7.7% 2018 3 31 636 2016 12 31 1,208 2017 12 31 689 2017 2015 12 31 2016 12 31 (i) (ii) 12 31 2015 2016 2017 2018 3 31 (1) 6,081 12,337 12,789 (2) 5 49 122 125 5 6,130 12,459 12,914 (1) (2) 2015 2016 2017 2018 3 31 12 2 259

(i) 2015 (ii) 12 31 3 31 5 31 2015 2016 2017 2018 10,984 12,280 43,793 48,195 51,447 83,333 94,317 12,280 43,793 48,195 51,447 12,900 32,316 95,260 96,429 95,781 4,937 10,966 90,499 17,252 15,737 15,737 23,866 127,752 112,512 112,166 111,518 118,183 140,032 156,305 160,361 162,965 12 31 3 31 5 31 2015 2016 2017 2018 23,866 127,752 112,512 112,166 111,518 84,463 1,377 11,276 11,356 11,339 3,562 4,415 29,608 33,908 38,018 6,292 6,488 2,909 2,931 2,090 118,183 140,032 156,305 160,361 162,965 260

12 31 3 31 5 31 2015 2016 2017 2018 10,984 13,446 45,724 50,085 53,539 (1,166) (1,931) (1,890) (2,092) 10,984 12,280 43,793 48,195 51,447 12,900 31,150 93,329 94,539 93,689 1,166 1,931 1,890 12,092 12,900 32,316 95,260 96,429 95,781 23,884 44,596 139,053 144,624 147,228 21(a) 94,866 2016 2 10,966 90% 2015 11 1 2017 12 70,939 12,961 2018 12 31 2016 12 14 4,950 2.86% 2017 12 261

2018 5 31 147,228 15,737 2018 5 31 160,920 2018 5 31 2018 5 31 262

12 31 2015 2016 2017 2018 3 31 (1) 32,365 53,321 36,918 2,798 (2) 1,019 7,447 5,779 451 2 310 410 38 195,363 2,846 (3) 321 179 729 538 229,070 64,103 43,836 3,825 (1) (2) FSU (3) 2018 3 31 3,825 2016 64,103 31.6% 2017 43,836 (i) (ii) 2017 2016 2017 FSU 2016 2016 2,718 2017 962 263

2015 229,070 2016 64,103 (i) (ii) 2016 2016 FSU 2018 34 12 31 2018 2015 2016 2017 3 31 176 2,231 176 2,231 446 868 446 868 264

12 31 2018 2015 2016 2017 3 31 5,791 6,148 5,539 7,180 8,621 10,428 9,456 11,401 6,559 5,931 4,999 5,155 20,971 22,507 19,994 23,736 2015 2016 2017 12 31 2018 3 31 5 212,622 223,051 286,165 297,300 10% 265

10% 50% [ ] 2018 3 31 3 31 12 31 2015 2016 2017 2017 2018 EBITDA (1) 58.3% 58.8% 59.3% 58.7% 2018 12 31 3 31 2015 2016 2017 66 58 66 12 31 2018 2015 2016 2017 3 31 (2) 0.8 0.2 0.2 0.2 (3) 45.4% 49.4% 53.8% 54.5% (1) EBITDA EBITDA (2) (3) 100% 266

EBITDA EBITDA 2016 2017 12 31 2018 3 31 0.2 2015 12 31 0.8 2016 12 31 0.2 2017 12 31 53.8% 2018 3 31 54.5% 2018 2016 12 31 49.4% 2017 12 31 53.8% 2017 2015 12 31 45.4% 2016 12 31 49.4% 2016 2017 12 31 2018 3 31 267

2015 2016 2017 12 31 2018 3 31 35,200 39,600 2015 2016 2017 12 31 2018 3 31 20152016 2017 12 31 2017 2018 3 31 100 2.3 72 2015 2016 2015 2016 2017 12 31 2018 3 31 100%99.8%99.4% 99.2% 1 3 268

9 2015 2016 2017 12 31 2018 3 31 13,653 17,249 7,852 7,221 269

1 1 2 2 5 5 2015 12 31 23,884 27,407 13,513 1,344 4,336 8,214 22,605 22,605 22,605 94,299 102,093 14,862 87,231 140,788 152,105 50,980 88,575 4,336 8,214 2016 12 31 44,596 46,516 33,814 1,366 4,576 6,760 42,928 42,928 42,928 4,937 5,092 5,092 90,499 94,246 94,246 182,960 188,782 176,080 1,366 4,576 6,760 2017 12 31 139,053 148,475 100,192 13,117 31,592 3,574 36,240 36,240 36,240 17,252 17,927 17,927 192,545 202,642 154,359 13,117 31,592 3,574 2018 3 31 144,624 153,399 100,888 13,269 35,678 3,564 33,659 33,659 33,659 15,737 16,251 16,251 194,020 203,309 150,798 13,269 35,678 3,564 270

13.13 13.19 29 2018 3 31 i(ii) (iii) 3 12 2015 2016 2017 12 31 2018 3 31 3,000 4,650 19,309 15,209 29 2018 3 31 2018 3 31 271

4.29 2018 3 31 [ ] [ ] 2018 3 31 [ ] 2018 2018 3 31 3 31 [ ] (1) (2) (3) (4) H [ ] [ ] H [ ] [ ] 127,750 [ ] [ ] [ ] [ ] 127,750 [ ] [ ] [ ] [ ] (1) 2018 3 31 2018 3 31 127,875 2018 3 31 125 (2) [ ] [ ] H [ ] [ ] [ ] (3) [ ] [ ] 2018 3 31 [ ] (4) [ ] 2018 3 31 272

[ ] 2018 2018 2022 12 31 2017 2017 12 31 67,085 62,986 6 5G 2018 1 1 10 20 273

2017 1 1 2017 12 31 3,878 1,865 2.1.3 2017 3 31 7,843 2018 3 31 8,041 2018 3 31 594 2017 2017 12 31 2017 12 31 (1) 68,665 64,566 67,085 62,986 (2) (60,950) (58,937) (32,642) (30,629) (3,878) (1,865) (28,764) (28,764) (3) 7,715 5,629 (4) 2,685 599 (5) (742) (150) (6) 1,943 449 EBITDA (7) 40,357 36,258 274

(1) 2017 2018 2022 12 31 2017 2017 4,099 (2) 2017 1 1 5G 2018 1 1 10 20 2017 1 1 2017 2,013 (3) (4) 2017 (5) 25% (6) (7) EBITDA EBITDA 2018 12 31 275

[ ] 276

[ ] 277

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 2018 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (i)[ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] (ii)[ ] [ ][ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 278

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[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] [ ] [ ] [ ] [ ] 30 [ ] H [ ] [ ] [ ] [ ] [ ] 284

[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 100,000 200,000 [ ] 3A.07 [ ] 285

[ ] 286

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I-1 I-3 200 [ ] [ ] [ ] I-4 I-72 2015 2016 2017 12 31 2018 3 31 2015 2016 2017 12 31 2018 3 31 I-4 I-72 [ ] H [ ] [ ] 2.1 200 I-1

2.1 2.1 2015 2016 2017 12 31 2018 3 31 2017 3 31 2.1 2410 2.1 I-2

I-4 26 [ ] I-3

I I-4

12 31 3 31 2015 2016 2017 2017 2018 6 8,802 55,997 68,665 16,449 17,244 (5,138) (27,585) (32,642) (7,843) (8,041) (1,856) (9,121) (11,336) (2,880) (3,020) (1,387) (5,750) (6,156) (1,446) (1,514) 7 (2,840) (3,743) (4,229) (1,098) (1,240) 8 (1,742) (4,728) (6,587) (1,276) (1,340) (12,963) (50,927) (60,950) (14,543) (15,155) (4,161) 5,070 7,715 1,906 2,089 18 48 149 10 14 144 65 104 18 33 9 (747) (5,077) (5,283) (1,288) (1,638) (4,746) 106 2,685 646 498 10 1,150 (30) (742) (162) (118) (3,596) 76 1,943 484 380 (3,596) 76 1,943 484 380 11 (0.1203) 0.0006 0.0150 0.0037 0.0029 I-5

12 31 3 31 2015 2016 2017 2018 12 203,886 245,788 258,138 254,619 13 19,807 13,592 10,930 10,006 14 7,089 5,385 9,910 11,777 15 1,238 1,208 689 636 16 5 6,130 12,459 12,914 232,025 272,103 292,126 289,952 5 3 28 1 17 20,537 15,789 15,262 19,329 18 2,918 6,524 7,375 7,837 19 13,653 17,249 7,852 7,221 37,113 39,565 30,517 34,388 269,138 311,668 322,643 324,340 20 129,345 129,345 129,345 129,345 (3,869) (3,793) (1,850) (1,470) 125,476 125,552 127,495 127,875 I-6

12 31 3 31 2015 2016 2017 2018 21(a) 10,984 12,280 43,793 48,195 21(b) 83,333 22 2,218 2,268 1,314 1,245 96,535 14,548 45,107 49,440 21(a) 12,900 32,316 95,260 96,429 21(c) 4,937 21(b) 10,966 90,499 17,252 15,737 22 34 29 18 23 21,618 39,840 31,906 29,202 24 1,643 3,942 5,371 5,351 223 288 47,127 171,568 150,041 147,025 143,662 186,116 195,148 196,465 269,138 311,668 322,643 324,340 I-7

2015 1 1 10,000 (273) 9,727 (3,596) (3,596) (3,596) (3,596) 20 119,345 119,345 2015 12 31 129,345 (3,869) 125,476 76 76 76 76 2016 12 31 129,345 (3,793) 125,552 1,943 1,943 1,943 1,943 2017 12 31 129,345 (1,850) 127,495 380 380 380 380 2018 3 31 129,345 (1,470) 127,875 2017 1 1 129,345 (3,793) 125,552 484 484 484 484 2017 3 31 129,345 (3,309) 126,036 I-8

12 31 3 31 2015 2016 2017 2017 2018 25(a) (6,873) 27,529 34,831 8,687 5,758 144 65 104 18 33 (6,729) 27,594 34,935 8,705 5,791 (15,211) (46,001) (51,837) (12,617) (8,813) (6) (84) (164) (2) (23) 25(b) 62 86 19 29 (15,217) (46,023) (51,915) (12,600) (8,807) 25(c) 10,727 4,937 26,375 41,675 131,479 3,950 15,160 (4,950) (300) (20,887) (37,973) (9,774) (9,670) (10,966) (76,631) (1,515) I-9

12 31 3 31 2015 2016 2017 2017 2018 (68) (3,461) (4,342) (325) (1,590) 26,007 22,025 7,583 (6,149) 2,385 4,061 3,596 (9,397) (10,044) (631) 9,592 13,653 17,249 17,249 7,852 13,653 17,249 7,852 7,205 7,221 2015 108,618 2015 12 31 94,866 1.1 2015 2016 2017 12 31 19,161 35,049 26,706 2017 2018 3 31 28,598 21,442 I-10

II 1 2014 9 2014 7 15 10,000 1.00 4,000 3,010 2,990 40%30.1% 29.9% 2015 129,345 38.0%28.1%27.9% 6.0% 1.1 DAS 31 1.1 2015 10 14 (i) (ii) I-11

2015 10 31 203,484 108,618 108,618 94,866 2016 2 10,966 90% 2015 11 1 2017 12 70,939 12,961 2018 12 31 10,727 10,727 2016 2 129,345 2015 12 31 38.0%28.1%27.9% 6.0% 2016 7 2018 1 2018 1 1 6 1 I-12

2 2.1 9 9 15 15 4 2.1.1 2018 3 31 112,637 2017 12 31 119,524 2016 12 31 132,003 2015 12 31 10,014 2018 3 31 159,470 I-13

2018 3 31 2.1.2 16 2016 1 2019 1 1 17 2018 2 2021 1 1 23 2017 6 2019 1 1 19 2018 2 2019 1 1 2014 9 10 28 2015 2017 2017 12 2019 1 1 28 2017 10 2019 1 1 9 2017 10 2019 1 1 16 17 16 I-14

2019 16 2018 3 31 17 23,736 16 16 17 16 2019 1 1 16 16 16 1 16 2 16 3 2018 3 31 10% 16 16 I-15

2.1.3 2017 12 5G 10 20 2018 1 1 2015 2017 1 1 2017 12 31 3,878 1,865 2018 1 1 2018 3 31 594 2.2 2.3 2.4 2.7 I-16

(%) 3% 30 0-3% 10-25 3% 5-7 3% 5-6 2018 1 1 10 20 2.1.3 2.5 2.7 2.6 3 10 10 30 I-17

2.7 2.8 2.8.1 2.8.2 I-18

I-19

2.8.3 9 3.1(b) 2.9 2.10 DAS 2.8.3 I-20

2.11 2.12 2.13 1 2.14 1.1 I-21

2.15 2.16 (a) I-22

(b) (c) 2.17 (a) 12 I-23

(b) (c) 2.18 I-24

2.19 DAS DAS (i) (ii) (iii) DAS DAS I-25

DAS DAS 4.2 DAS 1-3 I-26

2.20 2.21 2.22 I-27

2.23 24 (a) (i) (ii) (iii) (b) (A) (B) (i) A B (ii) A B A B (iii) A B C (iv) A C B C (v) B A A A A (vi) B (a) (vii) A B B (viii) B B A A I-28

2.24 3 3.1 (a) (i) 2015 2016 2017 12 31 2018 3 31 (ii) 2017 12 31 2018 3 31 I-29

2015 2016 2017 12 31 2018 3 31 35,200 39,600 2015 2016 2017 12 31 2018 3 31 20152016 2017 12 31 2017 2018 3 31 100 2.3 72 (b) 2015 2016 2017 12 31 2018 3 31 100%99.8%99.4% 99.2% 1 3 I-30

9 (c) 2015 2016 2017 12 31 2018 3 31 13,653 17,249 7,852 7,221 I-31

2.1.1 1 1 2 2 5 5 2015 12 31 23,884 27,407 13,513 1,344 4,336 8,214 22,605 22,605 22,605 94,299 102,093 14,862 87,231 140,788 152,105 50,980 88,575 4,336 8,214 2016 12 31 44,596 46,516 33,814 1,366 4,576 6,760 42,928 42,928 42,928 4,937 5,092 5,092 90,499 94,246 94,246 182,960 188,782 176,080 1,366 4,576 6,760 I-32

2017 12 31 1 1 2 2 5 5 139,053 148,475 100,192 13,117 31,592 3,574 36,240 36,240 36,240 17,252 17,927 17,927 192,545 202,642 154,359 13,117 31,592 3,574 2018 3 31 144,624 153,399 100,888 13,269 35,678 3,564 33,659 33,659 33,659 15,737 16,251 16,251 194,020 203,309 150,798 13,269 35,678 3,564 3.2 I-33

12 31 3 31 2015 2016 2017 2018 21) 118,183 140,032 156,305 160,361 19 (13,653) (17,249) (7,852) (7,221) (1) 104,530 122,783 148,453 153,140 125,476 125,552 127,495 127,875 (2) 230,006 248,335 275,948 281,015 (1)/(2) 45.4% 49.4% 53.8% 54.5% 3.3 2015 2016 2017 12 31 2018 3 31 2015 2016 2017 12 31 2018 3 31 I-34

4 4.1 (a) 10 20 2.1.3) (b) (c) I-35

4.2 17 (i) (ii) (iii) 1.1 5 I-36

5 6 12 31 3 31 2015 2016 2017 2017 2018 (i) 8,756 55,552 67,085 16,254 16,723 8,756 55,552 66,828 16,208 16,639 257 46 84 DAS 45 421 1,284 186 391 19 169 6 113 1 5 127 3 17 8,802 55,997 68,665 16,449 17,244 (i) 12 31 3 31 2015 2016 2017 2017 2018 7,551 46,976 56,559 13,753 14,099 * 1,205 8,576 10,526 2,501 2,624 8,756 55,552 67,085 16,254 16,723 * I-37

(ii) 10% 12 31 3 31 2015 2016 2017 2017 2018 4,560 28,646 36,804 8,654 9,465 2,314 15,063 16,232 4,134 3,884 1,927 12,263 15,467 3,656 3,788 8,801 55,972 68,503 16,444 17,137 2015 2016 2017 12 31 2017 2018 3 31 99.99%99.96%99.76%99.97% 99.38% (iii) 2018 2022 12 31 2017 2017 12 31 67,085 62,986 7 12 31 3 31 2015 2016 2017 2017 2018 2,245 2,921 3,233 854 967 299 414 504 125 140 167 222 266 66 73 129 186 226 53 60 2,840 3,743 4,229 1,098 1,240 I-38

18% 20% (a) 2018 3 31 178 38 216 (ii) (i) I-39

2017 800 148 948 (iii) (i) 2017 3 31 166 36 202 (iii) (i) I-40

2016 842 140 982 (ii) (i) 2015 824 131 955 (ii) I-41

(i) 2016 1 (ii) (iii) 2017 90 (b) 2015 2016 2017 12 31 2017 2018 3 31 1 7(a) 2015 2016 2017 12 31 2017 2018 3 31 4 5 5 5 5 12 31 3 31 2015 2016 2017 2017 2018 1,635 1,720 1,671 642 419 1,680 3,398 3,456 1,243 1,192 301 691 719 111 115 3,616 5,809 5,846 1,996 1,726 12 31 3 31 2015 2016 2017 2017 2018 1,000,000 2,000,000 4 5 5 1,000,000 5 5 I-42

8 12 31 3 31 2015 2016 2017 2017 2018 168 1,525 2,189 370 430 473 1,295 1,668 361 429 5 632 1,330 267 185 344 513 580 128 150 125 137 159 42 34 3 4 4 I-43

9 12 31 3 31 2015 2016 2017 2017 2018 86 1,293 1,437 317 1,510 661 4,031 3,987 996 175 7 135 38 (254) (276) (63) (47) 747 5,077 5,283 1,288 1,638 20152016 2017 2.64%-3.96% 3.06%-3.80% 2017 2018 3 31 3.06%-3.72% 4.08%-4.36% 10 12 31 3 31 2015 2016 2017 2017 2018 223 65 15 (1,150) 30 519 162 53 (1,150) 30 742 162 118 I-44

12 31 3 31 2015 2016 2017 2017 2018 (4,746) 106 2,685 646 498 25% (1,187) 26 671 161 125 (13) (8) 79 37 4 5 1 1 (1,150) 30 742 162 118 [2011] 58 15% 2017 5 15% 2020 2017 12 31 I-45

11 (a) 12 31 3 31 2015 2016 2017 2017 2018 (3,596) 76 1,943 484 380 29,891 129,345 129,345 129,345 129,345 (0.1203) 0.0006 0.0150 0.0037 0.0029 (b) 2015 2016 2017 12 31 2017 2018 3 31 I-46

12 2015 12 31 39 113 75 227 23,878 4,543 13 28,434 158,056 22,207 110 180,373 (12) (1) (13) 181,961 26,862 198 209,021 (8) (8) (3,404) (1,710) (21) (5,135) 8 8 (3,404) (1,710) (21) (5,135) 178,557 25,152 177 203,886 2015 12 31 181,961 26,862 198 209,021 (3,404) (1,710) (21) (5,135) 178,557 25,152 177 203,886 2016 12 31 181,961 26,862 198 209,021 49,606 17,762 13 67,381 1,171 1,378 226 2,775 (820) (370) (2) (1,192) 231,918 45,632 435 277,985 (3,404) (1,710) (21) (5,135) (20,495) (7,010) (54) (27,559) 292 205 497 (23,607) (8,515) (75) (32,197) 208,311 37,117 360 245,788 2016 12 31 231,918 45,632 435 277,985 (23,607) (8,515) (75) (32,197) 208,311 37,117 360 245,788 I-47

I-48 2017 12 31 231,918 45,632 435 277,985 34,852 9,948 6 44,806 587 141 490 340 1,558 (1,712) (739) (1) (2,452) 587 265,199 55,331 780 321,897 (23,607) (8,515) (75) (32,197) (2) (24,294) (8,220) (82) (32,598) 622 413 1 1,036 (2) (47,279) (16,322) (156) (63,759) 585 217,920 39,009 624 258,138 2017 12 31 587 265,199 55,331 780 321,897 (2) (47,279) (16,322) (156) (63,759) 585 217,920 39,009 624 258,138 2018 3 31 587 265,199 55,331 780 321,897 3,524 1,117 40 4,681 1 15 17 12 45 (303) (102) (405) 588 268,435 56,363 832 326,218 (2) (47,279) (16,322) (156) (63,759) (5) (5,687) (2,314) (25) (8,031) 140 51 191 (7) (52,826) (18,585) (181) (71,599) 581 215,609 37,778 651 254,619 2018 3 31 588 268,435 56,363 832 326,218 (7) (52,826) (18,585) (181) (71,599) 581 215,609 37,778 651 254,619