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.......................................... 83,241 100.0 203,243 100.0 454,996 100.0...................................... 78,889 94.8 197,427 97.1 446,335 98.1...................................... 4,352 5.2 5,816 2.9 8,661 1.9.......................................... (31,928) (38.4) (65,120) (32.0) (106,115) (23.3).......................................... 51,313 61.6 138,123 68.0 348,881 76.7........................... (12,330) (14.8) (30,012) (14.8) (47,644) (10.5)...................................... (6,672) (8.0) (11,095) (5.5) (33,247) (7.3)...................................... (10,490) (12.6) (9,153) (4.5) (28,546) (6.3)...................................... 500 0.6 107 0.1 1,551 0.3............................... 1,964 2.4 263 0.1 7,163 1.6...................................... 24,285 29.2 88,233 43.4 248,158 54.5............................... 690 0.8 2,755 1.4 7,639 1.7..................... (536) (0.6).............. (18,688) (22.5) (71,214) (35.0) (237,228) (52.1)............................... 5,751 6.9 19,774 9.7 18,569 4.1.................................... (3,045) (3.7) (13,484) (6.6) (38,788) (8.5)............................. 2,706 3.3 6,290 3.1 (20,219) (4.4)..................... 2,706 3.3 6,290 3.1 (20,219) (4.4) (1)....................... 22,144 26.6 77,714 38.2 226,800 49.8 EBITDA (1).................... 28,097 33.8 93,071 45.8 263,512 57.9 (1) EBITDA [] 188
EBITDA EBITDA EBITDAEBITDA EBITDA EBITDA EBITDA EBITDAEBITDA EBITDA................................ 2,706 6,290 (20,219).............................. 214 210 9,791................. 18,688 71,214 237,228........................ 536............................ 22,144 77,714 226,800....................................... 3,598 4,628 5,563.................................. (690) (2,755) (7,639)........................................... 3,045 13,484 38,788 EBITDA........................ 28,097 93,071 263,512 EBITDA 189
455.0203.2 123.9% 446.3 197.4126.1%1.6 2.931.1 37.7 8.7 5.848.9% 106.165.1 63.0%(i)(a)329 386(b)(c) 5.828.5(ii) 6.1 68.0%76.7% 30.0 58.7%47.6(i) 14.9(ii) 1.0 (iii)16 181.0 11.1199.7% 33.2(i)(a) 2134(b)(c) 2.39.4(ii) []10.0 9.2211.9% 28.5(i) 52 159(ii)(iii) 1.2 190
0.11.6 1.5 88.2181.3% 248.243.4% 54.5% 2.8 7.6(i) 6.0(ii)1.6 (i)1.8 (ii)1.0 71.2237.2 19.8 6.1%18.6 13.5187.7% 38.8 20.2 6.3 EBITDA77.7191.8% 226.8EBITDA93.1 183.1%263.5 203.283.2 144.2% 197.4 78.9150.3%688,000 1.629 31 5.8 4.433.6% 191
65.131.9 104.0%(i)186 329 22.8(ii)4.9(iii) 2.0 68.0% 61.6% 30.0 12.3143.4%(i) 15.6 (ii)12 161.2 (iii)0.5 11.16.7 66.3%(i)2.7 24 21(ii)0.7 9.210.5 12.7%(i) 104 520.8(ii) 0.3 0.10.5 88.2 24.343.4% 29.2% 2.80.7 (i) 1.8(ii)1.0 (i)0.6(ii) 0.1 18.771.2 192
19.8 5.8 13.5 3.0342.8% 6.3 2.7 EBITDA 77.7 22.1250.9%EBITDA93.1 28.1231.2% []............................ 43,517 131,786 303,557............................ (6,368) (5,192) (218,708).................... (298) 5,368........................ 36,851 126,594 90,217.......................... 64,187 190,768 280,932 303.6 20.2(i)35.6 27.5(ii)29.9(iii) 38.8(iv) 237.25.5 193
131.8 19.8(i) 21.317.7(ii) 14.3(iii)17.0(iv) 71.24.6 43.5 5.8(i) 6.65.9(ii)5.8 (iii)18.7 3.6 218.7(i) 200.0(ii)10.0(iii) 10.3 5.2 7.01.8 6.4 6.50.1 5.4 6.1[]0.8 0.3 194
.......................... 2,694 3,370 3,855 3,984................ 2,948 601 12,016 11,779............................... 200,000 200,000...................... 64,187 190,768 280,932 360,063.......................... 69,829 194,739 496,803 575,826.......................... 479 1,244 3,501 4,207................ 8,396 22,712 55,178 24,100............................. 5,174 4,927 6,204 3,504............................... 16,235 37,566 73,161 148,589.......................... 1,500............................... 14,698 31,933 57,867 68,330................................... 6,137 9,310.......................... 44,982 99,882 202,048 258,040.......................... 24,847 94,857 294,755 317,786 317.8 294.8(i) 79.1(ii)31.1 (i) 75.4(ii) 10.5 294.8 94.9(i) 200.0(ii)90.2 (i)35.6 (ii)25.9 (iii) 32.518.810.2 0.5 94.9 24.8(i) 126.6(i) 21.3(ii) 195
17.2(iii) 14.311.2............................ 6,489 6,891 10,202.............................. 147 114............................................. 6,489 7,038 10,316 6.57.010.3 0.5 3.3..................................... 2,474 4,676 9,572........................ 858 4,275 1,653....................................... 3,332 8,951 11,225 [] [] 196
(i)(ii) 2.7 3.4 3.9 030.................................... 231 638 3,713 3060................................... 142 91180.................................. 2,463 2,732....................................... 2,694 3,370 3,855 (1)..................... 8.0 5.4 2.9 (1) 365 8.05.4 5.4 2.9 197
................................... 83 1,043............................ 175 335 355...................... 597 4,029 175 1,015 5,427................................... 2,577 519 4,683...................... 24............................ 170 23 429........................ 100................................... 3,261 [].............................. 3,358....................................... 77 59 285 2,948 601 12,016......................................................... 3,123 1,616 17,443 3.11.617.4 2.6 0.51.4 1.04.7 3.8 0.6 4.0 64.2190.8 280.9 1.3%1.1%1.2% 200.0 198
(i)(ii) 0.5 1.23.5 0.7159.7% 2.3 181.4% 030.................................... 479 1,244 2,606 3160................................... 886 61180.................................. 2 181365................................. 7....................................... 479 1,244 3,501 (1)..................... 6.0 4.8 8.2 (1) 365 6.04.8 4.88.2........................ 6,745 18,022 36,862............................ 359 2,981 5,941.............................. 1,178 980 1,508.......................... 504 10,658............................ 5 5 5....................................... 109 220 204....................................... 8,396 22,712 55,178 199
8.422.755.2 14.3 170.5%(i)11.3 326 418(ii)2.6 32.5142.9%(i)18.8 418 597(ii)10.2[ ](iii)3.0 (i) 24,000(ii) 5,0005,0005,000 (i)5.0(ii) 95% 5.0 1.5 1.5 350.0[]A 3.3 [] 200
(1)................................. 1.6 1.9 2.5 % (2)................................. 66.2% 70.0% 68.6% % (3)............................... 27.7% 36.8% 42.4% (1) (2) 100% (3) 100% 1.61.9 1.92.5 66.2% 70.0% 70.0% 68.6% 27.7% 36.8% 36.8% 42.4% 201
AA 5% 0.93.611.9 [] (i) (ii) 202
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[] 208
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[] 210
[] 211
[] 212
[] 213
[ ] [] 214
[ ] [] 215
[ ] [] 216
[ ] [] 217
[ ] [] 218
[ ] [] 219
[ ] [] 220
[ ] [] 221
[ ] [] 222
[] 223
[] 224
[] 225
[] 226
[] 227
[] 228
[] 229
[] 230
[] 231
[] 232
[] 233
[] 234
[] 235
[] 236
[] 237
[] 238
[][] [] [] [][]IIII 22 II1(b) II 1(b) I-1
[] I-2
I. II.................... 5 83,241 203,243 454,996.................... 6 (31,928) (65,120) (106,115).................... 51,313 138,123 348,881..... 6 (12,330) (30,012) (47,644)................ 6 (6,672) (11,095) (33,247)................ 6 (10,490) (9,153) (28,546)................ 7 500 107 1,551......... 8 1,964 263 7,163................ 24,285 88,233 248,158................ 10 690 2,755 7,656................ 10 (17)......... 10 690 2,755 7,639......... 30 (536)... 30 (18,688) (71,214) (237,228)......... 5,751 19,774 18,569............. 11 (3,045) (13,484) (38,788)....... 2,706 6,290 (20,219)..... 2,706 6,290 (20,219)..... 12................. 0.0017 0.0040 (0.0128)................. 0.0017 0.0040 (0.0128).................... 13 I-3
II....... 2,706 6,290 (20,219)............................. 2,706 6,290 (20,219)..... 2,706 6,290 (20,219) I-4
II............. 14 7,263 9,463 13,106................ 16 23 150 217............. 19 175 1,015 5,427............. 20 10,000......... 31 2,739 5,996 9,110 10,200 16,624 37,860........... 18 2,694 3,370 3,855............. 19 2,948 601 12,016................ 20 200,000....... 20 64,187 190,768 280,932 69,829 194,739 496,803................ 80,029 211,363 534,663.................... 21 5 5 5.................... 22 13,022 15,943 25,734................ (28,529) (24,950) (45,169)................ (15,502) (9,002) (19,430)........... 25 1,500................ 26 110 537 2,083..... 30 48,939 119,946 349,962 50,549 120,483 352,045........... 27 479 1,244 3,501............. 28 8,396 22,712 55,178............. 5,174 4,927 6,204................ 26 16,235 37,566 73,161........... 25 1,500................ 26 14,698 31,933 57,867.................... 29 6,137 44,982 99,882 202,048................ 95,531 220,365 554,093......... 80,029 211,363 534,663........... 24,847 94,857 294,755..... 35,047 111,481 332,615 I-5
II......... 15 727 937 10,728............. 5 3,666....... 1534 9,003 9,003 9,003....... 20 634 523 55 9,637 9,531 12,724................ 10,364 10,468 23,452.................... 21 5 5 5.................... 22 718 928 10,719................ 24 (39,958) (111,071) (351,667)................ (39,235) (110,138) (340,943)..... 30 48,939 119,946 349,962............. 28 660 660 14,433................ 49,599 120,606 364,395......... 10,364 10,468 23,452... 8,977 8,871 (1,709)..... 9,704 9,808 9,019 I-6
II................ 5 10,514 (28,941) (18,422)................ 2,706 2,706...................... 2,706 2,706..... 22 2,294 (2,294) []........... 22 214 214....... 5 13,022 (28,529) (15,502)................ 5 13,022 (28,529) (15,502)................ 6,290 6,290...................... 6,290 6,290..... 22 2,711 (2,711) []........... 22 210 210....... 5 15,943 (24,950) (9,002)................ 5 15,943 (24,950) (9,002)................ (20,219) (20,219)...................... (20,219) (20,219) []........... 22 237 237 []......... 22 9,554 9,554....... 5 25,734 (45,169) (19,430) I-7
II........... 32 42,948 147,782 341,395................ 569 992 2,787............. (16,988) (40,625)... 43,517 131,786 303,557............. (6,489) (6,955) (10,316)........... (60,000) (600,000) (390,000)... 60,000 600,000 390,000........... (200,000)....... 121 1,763 1,608......... (10,000)... (6,368) (5,192) (218,708)....... 6,137..... (298) [].......... (769)......... (298) 5,368............. 36,851 126,594 90,217... 27,390 64,187 190,768............. (54) (13) (53)... 64,187 190,768 280,932 I-8
II. 1 (a) 22 [] Marquee Place, Suite 300, 430 West Bay Road, P.O. Box 32052, Grand Cayman KY1-1208, Cayman Islands, British West Indies [] STMORITZ INVESTMENT LIMITEDBright Stream Holding LimitedLNZ Holding LimitedLele Happy Holding Limited Angel Wang Holding Limited 79.76% (b) Altratek Limited [] 50,000 50,000,0000.0014,4872,6021,183828650 250STMORITZ INVESTMENT LIMITEDBright Stream Holding LimitedLNZ Holding Limited KS Global Holding Limited Lele Happy Holding Limited Angel Wang Holding Limited I-9
1,408,000 12,368,000 Baitian Technology Limited KS Global Holding Limited 46.92%28.37%12.90%7.08%4.73% 30 [][] 4.2(b)[] TMF (Cayman) Ltd. TMF (Cayman) Ltd. I-10
Baitian Technology Limited 10,000 100% 100% 100% 8,528,500 100% 100% 100% 10,010,000 100% 100% 100% 500,000 100% (1) (2) (3) (4) (1) (2) (3) (4) I-11
(c) [] [] [] 2 2.1 4 3,250,00022,185,000100% 30 2.1.1 (a) 9 9 I-12
39 9 39 32 32 36 21 79 39 9 2.2 2.2.1 (a) 1(b) I-13
(b) (c) 2.2.2 I-14
2.3 2.4 (a) (b) 2.5 3 3 5 2.7 I-15
2.6 (a) 5 (b) (1) (2) (3)(4) (5) (6) 2.7 I-16
2.8 2.8.1 (a) 30 (b) 12 2.112.12 2.8.2 2.9 2.10 I-17
2.11 2.12 2.13 2.17 2.14 I-18
2.15 2.16 2.17 12 I-19
2.18 (a) (b) (c) 2.19 I-20
2.20 (a) [][] (b) 2.21 I-21
2.22 (a) I-22
(b) (c) I-23
(a) 13 3 (b) 3% 5% I-24
6% 2.23 2.24 (i)(ii)(iii) (iv) 2.25 2.26 2.27 I-25
2.28 3 3.1 (a) (i) (ii) (iii) AA A 5% 864,0003,556,00011,861,000 I-26
(b) [] * Aa2............................. 1,065 947 425 A1.............................. 70 232 324 Baa3 **......................... 54,737 181,243 481,870 Ba1............................. 14 13 14 55,886 182,435 482,633................... 8,298 8,288 8,271............................ 3 24 24 8,301 8,312 8,295................. 64,187 190,747 490,928 * ** Baa3[] (c) I-27
1 12 23 34 45..................... 479 479.......... 7,218 7,218............... 20,478 20,478..................... 1,244 1,244.......... 21,732 21,732............... 20,428 20,428..................... 3,501 3,501.......... 53,670 53,670.............................. 6,248 6,248............... 19,815 19,815.......... 660 660............... 20,478 20,478.......... 660 660............... 20,428 20,428.......... 14,443 14,443............... 19, 815 19,815 A-1 A-1 100%30 I-28
3.2 A-1 35%60%.................. 46,592 100,419 204,131.......................... 80,029 211,363 534,663........................ 58% 48% 38% 3.3.............. 48,939 48,939.............. 119,946 119,946 I-29
.............. 349,962 349,962 30 A-1 4 I-30
4.1 (a) 2.22 (b) (c) A A 30 I-31
100A-1 1,273,0003,237,00013,941,0001,374,000 3,488,00015,584,000 (d) 23 (e) 4.2 (a) 2.22 (b) 1(b) I-32
5.............. 78,886 195,349 444,021.............. 3 2,078 2,314........................... 78,889 197,427 446,335....................... 4,352 5,816 8,661........................... 83,241 203,243 454,996 I-33
10% 10%92.1%84.6%92.3% 10%.......................... 46.2% 46.2% 35.4%........................ 27.9%.......................... 17.4% 16.2%.......................... 45.9% 21.0% 12.8% 6 9............ 31,936 57,798 113,377................. 9,541 25,113 40,012................. 1,446 3,454 6,000................. 424 959 1,927................... 475 1,687 1,964........... 6,151 10,991 18,244 1416................. 3,598 4,628 5,563............. 3,640 4,575 6,374............. 1,592 1,509 2,903................... 541 908 2,712................... 287 937 10,907..................... 30 50 78............................ 1,759 2,771 5,491..... 61,420 115,380 215,552 I-34
7........................ 500 107 1,551 8............. 1,967 194 7,159....... (3)........................... 69 4 1,964 263 7,163 9........... 25,810 47,668 85,057................. 3,957 7,192 14,132...... 1,955 2,728 4,397 [] []............... 214 210 9,791 31,936 57,798 113,377 (a) I-35
(b) (i).......................... (ii).......................... 12 238 250........................... 810 318 21 87 1,236........................... 636 303 14 37 990........................... 468 289 14 37 808......................... (iii).......................... 406 284 14 37 741 (i).......................... (ii).......................... 924 644 14 29 1,611........................... 891 641 24 100 1,656........................... 700 624 15 40 1,379........................... 534 610 15 40 1,199......................... (iii).......................... 473 605 15 40 1,133 (ii).......................... 1,194 1,115 15 32 2,356........................... 1,152 1,111 56 52 2,371........................... 922 1,090 17 35 2,064........................... 750 1,075 17 35 1,877 (iii).......................... 678 1,068 17 35 1,798......................... (i) I-36
(ii) (iii) (c) 34 4 101........... 430 1,102...... 14 5....... 28 5 [] []............... 49 830 521 1,942 (d) 10 (i)......... 121 1,763 1,608........... 569 992 6,048 690 2,755 7,656..................... (17)................. 690 2,755 7,639 (i) 750 3%4.8% I-37
11............... 4,525 16,741 41,902 31............. (1,480) (3,257) (3,114)..................... 3,045 13,484 38,788................. 5,751 19,774 18,569 abc... 3,453 13,763 37,734..................... 7 4 790 c........ (493) (395) (1,325)........... 32 31 1,469......................... 46 81 120..................... 3,045 13,484 38,788 (a) (b) 16.5% (c) I-38
25% 25% 15% 15% 15% 15% 150% (d) 10% 10% 5% 31 12 (a) 21.... 2,706 6,290 (20,219)......... 1,576,000,000 1,576,000,000 1,576,000,000............... 0.0017 0.0040 (0.0128) I-39
(b) []A-1 []A-1[] []23 [] A-1 A-1 [] 13 I-40
14.................... 3,746 978 349 794 5,867................ (1,115) (253) (41) (92) (1,501)................ 2,631 725 308 702 4,366........... 2,631 725 308 702 4,366.................... 3,515 770 2,204 6,489.................... (3) (3)................ (1,776) (440) (69) (1,304) (3,589)........... 4,370 1,052 239 1,602 7,263.................... 7,261 1,741 349 2,998 12,349................ (2,891) (689) (110) (1,396) (5,086)................ 4,370 1,052 239 1,602 7,263........... 4,370 1,052 239 1,602 7,263.................... 5,287 677 844 6,808................ (2,523) (598) (70) (1,417) (4,608)........... 7,134 1,131 169 1,029 9,463.................... 12,548 2,418 349 3,842 19,157................ (5,414) (1,287) (180) (2,813) (9,694)................ 7,134 1,131 169 1,029 9,463........... 7,134 1,131 169 1,029 9,463.................... 6,859 771 1,529 9,159................ (3,968) (711) (70) (767) (5,516)........... 10,025 1,191 99 1,791 13,106.................... 19,407 3,189 349 5,371 28,316................ (9,382) (1,998) (250) (3,580) (15,210)................ 10,025 1,191 99 1,791 13,106 I-41
............................ 2,763 3,817 4,716........................ 335 512 309........................ 473 256 473............. 18 23 18 3,589 4,608 5,516 15........ 9 9 9 a........ 718 928 10,719 727 937 10,728 b34.............. 9,003 9,003 9,003 1(b) (a) 23 (b) I-42
16.......................................................... 45...................................................... (13)...................................................... 32................................................. 32...................................................... (9)................................................. 23.......................................................... 45...................................................... (22)...................................................... 23................................................. 23.......................................................... 147...................................................... (20)................................................. 150.......................................................... 192...................................................... (42)...................................................... 150................................................. 150.......................................................... 114...................................................... (47)................................................. 217.......................................................... 306...................................................... (89)...................................................... 217............................ 7 18 45........................ 2 2 2 9 20 47 I-43
17................. 2,694 3,370 3,855..... 546 417 7,688................... 10,000..................... 200,000............. 64,187 190,768 280,932 67,427 194,555 502,475................. 479 1,244 3,501...... 7,218 21,732 53,670......................... 6,137........... 48,939 119,946 349,962 56,636 142,922 413,270............. 9,003 9,003 9,003............. 634 523 55 9,637 9,526 9,058...... 660 660 14,433........... 48,939 119,946 349,962 49,599 120,606 364,395 18................. 2,694 3,370 3,855................... 2,694 3,370 3,855 I-44
(a) 0 30.......................... 231 638 3,713 31 60......................... 142 91 180........................ 2,463 2,732 2,694 3,370 3,855 (b) 3090 180 (c) (d).......................... 2,694 3,326 3,855............................ 44 2,694 3,370 3,855 (e) (f) 84%81%57% 1....................... 84% 0% 0% 2....................... 0% 81% 57% I-45
19.......................... 83 1,043................. 175 335 355........... 597 4,029 175 1,015 5,427.......................... 2,577 519 4,683 34(b).. 24................. 170 23 429 a............ 100................... 3,261 [].................. 3,358............................ 77 59 285 2,948 601 12,016....... 3,123 1,616 17,443 (a) 20 a.............. 10,000 b................ 200,000 c... 64,187 190,768 280,932 64,187 190,768 490,932................... 64,187 190,747 490,928 c... 634 523 55................... 634 523 55 (a) (i)5,000,000(ii)95% 10,000,0001,000,000 I-46
(b) (c) 1.3%1.1%1.2%.......................... 63,123 189,785 484,571............................ 1,056 975 6,358............................ 8 8 3 64,187 190,768 490,932............................ 630 519 53............................ 4 4 2 634 523 55 21.................... 497,743,590 49,774 d..................... 99,050,974,410.................... 99,548,718,000 49,774............... 7,880,000 1 5 d...... 1,568,120,000..... 1,576,000,000 1 5 (a) (b) (c) (d) 50,00050,000,0000.001 Founder CompaniesKS Global Holding Limited10,0000.001 1068 Founder CompaniesKS Global Holding Limited778,0000.001 7785,000 110 497,743,5900.0001 2,256,4100.0001 1200 99,548,718,000 0.0000005451,282,0000.0000005 I-47
22 a b 23.............. 10,010 504 10,514 []................... 214 214.................... 2,294 2,294........ 10,010 2,294 718 13,022.............. 10,010 2,294 718 13,022 []................... 210 210.................... 2,711 2,711........ 10,010 5,005 928 15,943.............. 10,010 5,005 928 15,943 []................... 237 237 []............... 9,554 9,554........ 10,010 5,005 10,719 25,734 23.......................... 504 504 []............................... 214 214.................... 718 718.......................... 718 718 []............................... 210 210.................... 928 928.......................... 928 928 []............................... 237 237 []........................... 9,554 9,554.................... 10,719 10,719 (a) (b) 10% 50% 25% I-48
10%50% 23 (a) [] [] (i)[] (ii) [][] (i) [] (ii) (a) (b) (i) 50%50% (ii) (iii) 50%(iv) I-49
.......................... 1.20 159,450......................................... 1.80 5,000......................................... 1.19 (7,100).................... 1.22 157,350.......................... 1.22 157,350......................................... 1.60 (11,100).................... 1.19 146,250.......................... 1.19 146,250............................ 29,103,750......................................... 0.009 (450,000).................... 0.006 28,800,000 19,840,0007,960,0001,000,000 0.00450.0090.009 33.10%32.20%32.20% 1.11 7.00..................... 3.299% 2.573% 3.391%.......................... 65.0% 62.8% 61.5%.......................... 0% 0% 0% 9 22 I-50
(b) [] [] [] 188,733,600 115,364,000 1) 20%2) 20% 3) 7.5%................................................................................................. 115,364,000........................................................ (288,000)................................... 115,076,000........................................................ 27.30%................................................... 0.23%........................................................ 44.80%........................................................ 0% 9 22 I-51
24................................... (22,678)...................................................... (17,280)............................ (39,958)...................................................... (71,113)............................ (111,071)...................................................... (240,596)............................ (351,667) 25 26 b................ 110 537 2,003 a...... 80 110 537 2,083........................ 16,235 37,566 73,161........................ 4,430 11,395 31,728 a...... 10,268 20,538 26,139 30,933 69,499 131,028 31,043 70,036 133,111 (a) 2.22 (b) I-52
27 0 30.......................... 479 1,244 2,606 31 60......................... 886 61 180........................ 2 181 365....................... 7 479 1,244 3,501 (a) 28............. 6,745 18,022 36,862................. 359 2,981 5,941............... 504 10,658 c............ 1,178 980 1,508 34(b)...... 5 5 5............................ 109 220 204 8,396 22,712 55,178 (a).......................... 8,321 22,637 45,845............................ 5 5 673............................ 70 70 8,660 8,396 22,712 55,178 (b) (c)............... 10,547 34(b)...... 608 608 3,834............................ 52 52 52 660 660 14,433 I-53
29......................... 6,137 (a) 2.10% (b) 30 1.625 2,000,000A-1A-1 400,000,0003,250,00022,185,000 0.0001 0.0000005AA-1A-2 (a) A-2 2.925 256,410A-2750,000 (i)a-1(ii)a-1 A-1 A-1A-1 (b) A-1 A-15% A-1A-1 (c) I-54
A-1 A-1100%A-1 (d) A-1 A-1100% A-1A-1 (e) A-1 A-1 11 (i)[](ii)a-160% A-1 [][] A-1A-1 A-1 (f) A-1 I-55
A-2......................................... 550................................................. (14)........................................................ (536)......... A-1......................................... 32,286................................................... 18,688................................................. (2,035)................................... 48,939............. 18,688......................................... 48,939................................................... 71,214................................................. (207)................................... 119,946............. 71,214......................................... 119,946................................................... 237,228................................................. (7,212)................................... 349,962............. 237,228 I-56
A-1................ 33.10% 31.10% 29.50% 20.80%........... 2.57% 0.46% 0.38% 0.22%................ 58.70% 52.50% 50.10% 45.70%................ 0% 0% 0% 0% A-1 A-1 31........... 17 81 312........... 2,722 5,915 8,798.......... 2,739 5,996 9,110............................ 1,259 2,739 5,996................. 1,480 3,257 3,114............................ 2,739 5,996 9,110 I-57
... 908 60 291 1,259......... 594 165 721 1,480....... 1,502 225 1,021 2,739......... 1,304 1,684 269 3,257....... 2,806 225 2,696 269 5,996......... 581 (225) 3,027 (269) 3,114....... 3,387 5,723 9,110 39,00017,000623,000 7,0004,000104,000 10,00011,00018,000 11,722,000 86,431,000307,431,000 I-58
32......... 2,706 6,290 (20,219) 11.......... 3,045 13,484 38,788 14...... 3,589 4,608 5,516 16........ 9 20 47 8...................... 3 9...................... 214 210 9,791 10...... (690) (2,755) (7,639) 30..................... 536 30..................... 18,688 71,214 237,228 8................ (1,967) (194) (7,159)................. (1,725) (676) (485)........ (711) 1,507 (8,165)................. (100) 765 2,257...... 5,794 14,316 29,860..................... 5,865 21,331 35,595................. 1,100 (1,500)..................... 6,592 17,662 27,480............... 42,948 147,782 341,395 33 (a) (b) 6.......................... 2,474 4,676 9,572............. 858 4,275 1,653 3,332 8,951 11,225 I-59
34 (a)............................................ (b) (i)....................... 24 24....................... 5 5....................... 24 24 (ii) ( * )..................... 5 5 5 * (c)............... 3,764 6,646 11,256...... 63 83 127................. 198 249 195......... 830 4,025 6,978 12,408 I-60
(a).............................................................. (b) (i)..................... 9,003 9,003 9,003 (ii)..................... 607 607 3,223..................... 610 ( * )..................... 1 1 1 * 35 36 (a) [] 26,640,000 (b) [] [] 56,488,440 (c) [][]25 I-61
[] (d) [] 600,000 (e) []A-111 III. [] [] [] I-62
[] II-1
[] II-2
[] II-3
22 1. (a) [] 27(2) (b) 2. (a) (i) III-1
(ii) (iii) (iv) (v) III-2
(aa) (bb) (cc) [] [][] (dd) (ee) (vi) III-3
(vii) (aa) (bb) (cc) (6) (dd) (ee) (ff) III-4
(viii) (ix) (x) (30) (b) (c) (i) (ii) (iii) (iv) III-5
(v) (d) (e) (21)(10) (95%) (21)(10) (15) III-6
(f) (g) (15)(18) (h) III-7
(21) [] (i) (21)(20) (e) (21)(10) (14)(10) (i) (ii) (95%) (aa) (bb) (cc) III-8
(dd) (ee) (ff) (20%) (gg) (j) III-9
(30) (k) (l) (m) (i) (ii) (a) (b) III-10
(n) (o) (20) (14) III-11
(20) (p) (2) 2.50 1.00 (q) (r) 3(f) (s) (i) (ii) III-12
(t) (i) 12(ii)12 (iii) (3) (u) 3. (a) III-13
(b) (a) (b)(c)37 (d)(e) (c) (d) III-14
(e) 34 34 2(m) (f) (a)(b) (c) III-15
(a)(b) (c) (d) (g) (h) (i) (ii)(iii) (i) (j) 6 (1) (2) III-16
(k) (l) (m) (n) III-17
(28) (21) (o) (75%) (p) (4) (90%)(4)(2) (1) (q) III-18
4. Conyers Dill & Pearman (Cayman) Limited [] III-19
1. CR-231305 [] 11B1912 32XI 11B1912 []36 10G020-85536367 2. 50,00050,000,0000.001 10.001 100.000110.001A10 0.0001A50,000 497,743,5900.00012,256,4100.0001 2,000,000A988 7,880,0000.00012,000,0000.0001A-1 10.001 2000.000000510.001A200 0.0000005A50,000 99,548,718,0000.000005451,282,0000.0000005A 1,576,000,0000.0000005400,000,000 0.0000005A [] [] IV-1
3. [] 4. [] (a) 500,000 500,000 5. (a) [] (i) [] (ii) []20% (iii) [] 10% (iv) []10% (b) (a)[][][] [](b)[] [] [] (c) [] [] IV-2
[] IV-3
[] IV-4
1. [] [] a. b. c. d. e. f. g. h. i. IV-5
j. k. l. m. [] [][] [] n. [] [][] [] o. [] [][] [] p. Peto Holding Limited[] Peto Holding Limited [] [] q. [] [] [] r. Duoduo holding limited Duoduo holding limited[] [] s. [] t. [] IV-6