,862,587 49,858,731 19,686,598 48,254,320 (12,568,178) (33,883,914) (13,289,409) (33,543,638) 6,

TINGYI (CAYMAN ISLANDS) HOLDING CORP. * 0322 9 30 3 9 30 9 2018 2017 2018 2017 18,862,587 19,686,598 4.19% 49,858,731 48,254,320 3.32% (%) 33.37% 32.50% 0.87 32.04% 30.49% 1.55 6,294,409 6,397,189 1.61% 15,974,817 14,710,682 8.59% 3,441,039 3,418,807 0.65% 7,181,612 6,762,208 6.20% (EBITDA) * 3,488,497 3,418,807 2.04% 7,389,243 6,762,208 9.27% (EBITDA) 1,905,681 1,883,326 1.19% 3,393,975 2,763,476 22.82% 1,554,067 1,238,113 25.52% 2,860,545 1,938,317 47.58% 27.66 22.09 5.57 50.93 34.58 16.35 27.61 22.07 5.54 50.82 34.57 16.25 2018 9 30 12,903,961 2017 12 31 2,619,072-16.44% * 2018 2018 9 30 9 2017 2018 1

2018 9 30 3 9 2018 2018 2017 2017 7 9 1 9 7 9 1 9 2 18,862,587 49,858,731 19,686,598 48,254,320 (12,568,178) (33,883,914) (13,289,409) (33,543,638) 6,294,409 15,974,817 6,397,189 14,710,682 89,338 253,264 71,455 188,756 44,906 678,828 158,372 452,534 (3,035,626) (9,202,740) (3,230,231) (8,888,380) (543,974) (1,783,184) (644,253) (1,705,658) (197,870) (1,146,437) (216,874) (701,588) 5 (105,525) (328,040) (90,143) (360,513) 61,630 157,331 52,427 147,129 5 2,607,288 4,603,839 2,497,942 3,842,962 6 (701,607) (1,209,864) (614,616) (1,079,486) 1,905,681 3,393,975 1,883,326 2,763,476 1,554,067 2,860,545 1,238,113 1,938,317 351,614 533,430 645,213 825,159 1,905,681 3,393,975 1,883,326 2,763,476 7 27.66 50.93 22.09 34.58 27.61 50.82 22.07 34.57 2

2018 9 30 3 9 2018 2018 2017 2017 7 9 1 9 7 9 1 9 1,905,681 3,393,975 1,883,326 2,763,476 (12,397) (277,237) (406,757) 62,001 174,711 12,579 18,187 (969) (37,047) (277,237) (419,154) 73,611 155,851 1,628,444 2,974,821 1,956,937 2,919,327 1,297,091 2,474,014 1,306,511 2,090,893 331,353 500,807 650,426 828,434 1,628,444 2,974,821 1,956,937 2,919,327 3

2018 9 30 2018 2017 9 30 12 31 1,115,000 1,106,000 25,428,200 28,014,779 3,587,929 3,730,767 188,784 162,936 97,910 97,910 134,230 120,568 786,438 660,691 470,459 123,320 638,526 317,964 317,964 485,287 308,010 32,735,521 35,158,151 2,467,798 2,396,941 9 2,293,187 1,636,385 23,393 3,621,208 4,599,397 50,604 58,312 12,853,357 10,226,577 21,286,154 18,941,005 54,021,675 54,099,156 4

2018 9 30 2018 2017 9 30 12 31 235,198 235,053 662,373 611,736 19,141,480 17,565,290 20,039,051 18,412,079 4,257,989 3,881,965 24,297,040 22,294,044 5,258 6,535,595 6,608,953 40,000 81,093 101,226 990,697 1,070,026 7,607,385 7,825,463 10 8,781,701 7,119,423 9,065,128 7,417,032 3,073,397 7,775,320 5,258 37,448 583,458 1,284,590 608,308 345,836 22,117,250 23,979,649 29,724,635 31,805,112 54,021,675 54,099,156 (831,096) (5,038,644) 5

1. 34 2017 12 31 2018 1 1 2017 12 31 40 2 4 9 15 22 2014 2016 1 28 9 4 9 15 9 9 9 9 9 9 39 6

1. 2018 1 1 9 9 39 9 (a) 504,359 504,359 110,722 110,722 21,971 21,971 1,474 1,474 (b) 1,636,385 1,636,385 (b) 4,599,397 4,599,397 (b) 10,284,889 10,284,889 5,258 5,258 37,448 37,448 a 2018 1 1 148,150,000 b 15 15 15 18 11 15 15 1 2 3 4 5 15 15 15 15 15 2 7

2. 2018 2017 1 9 1 9 2(a) 49,801,519 48,203,465 57,212 50,855 49,858,731 48,254,320 2(a). 2018 9 30 9 17,885,997 17,885,997 30,896,916 30,896,916 577,868 577,868 934,278 934,278 581,055 581,055 17,885,997 30,896,916 577,868 1,515,333 50,876,114 (497) (1,543) (270) (1,072,285) (1,074,595) 17,885,500 30,895,373 577,598 443,048 49,801,519 17,885,500 30,895,373 577,598 443,048 49,801,519 2017 9 30 9 16,979,138 16,979,138 30,105,238 30,105,238 628,538 628,538 706,160 706,160 572,178 572,178 16,979,138 30,105,238 628,538 1,278,338 48,991,252 (497) (1,259) (259) (785,772) (787,787) 16,978,641 30,103,979 628,279 492,566 48,203,465 16,978,641 30,103,979 628,279 492,566 48,203,465 8

3. 2018 9 30 9 17,885,500 30,895,373 577,598 443,048 49,801,519 57,212 57,212 497 1,543 270 1,147,648 (1,149,958) 17,885,997 30,896,916 577,868 1,647,908 (1,149,958) 49,858,731 2,024,442 2,145,489 (9,862) 283,289 754 4,444,112 695 156,341 295 157,331 2,396 2,396 2,025,137 2,301,830 (9,567) 285,685 754 4,603,839 (643,382) (527,160) (4,300) (35,022) (1,209,864) 1,381,755 1,774,670 (13,867) 250,663 754 3,393,975 2017 9 30 9 16,978,641 30,103,979 628,279 492,566 48,203,465 50,855 50,855 497 1,259 259 860,303 (862,318) 16,979,138 30,105,238 628,538 1,403,724 (862,318) 48,254,320 1,632,262 2,095,885 (5,357) (64,009) 9,588 3,668,369 150,615 (3,486) 147,129 27,464 27,464 1,632,262 2,246,500 (8,843) (36,545) 9,588 3,842,962 (473,789) (576,969) (2,069) (26,659) (1,079,486) 1,158,473 1,669,531 (10,912) (63,204) 9,588 2,763,476 9

3. 2018 9 30 19,125,908 28,399,015 760,502 4,967,234 (745,431) 52,507,228 134,230 134,230 883 737,855 47,700 786,438 593,779 54,021,675 8,156,968 14,876,907 247,739 7,692,894 (1,330,966) 29,643,542 81,093 29,724,635 2017 12 31 19,867,771 28,311,010 886,653 8,267,381 (4,653,444) 52,679,371 119,320 1,248 120,568 188 613,027 47,476 660,691 638,526 54,099,156 8,637,330 15,878,922 357,836 11,896,646 (5,066,848) 31,703,886 101,226 31,805,112 4. 6 8 10

5. 2018 2018 2017 2017 7 9 1 9 7 9 1 9 97,307 302,871 80,495 332,248 8,218 25,169 9,648 28,265 105,525 328,040 90,143 360,513 790,036 2,420,485 876,640 2,672,049 27,528 82,512 25,537 75,440 47,457 622,706 50,114 123,966 6. 2018 2018 2017 2017 7 9 1 9 7 9 1 9 504,838 1,177,109 482,413 895,030 85,629 (148,359) 23,433 24,612 111,140 181,114 108,770 159,844 701,607 1,209,864 614,616 1,079,486 2018 2017 9 30 9 25% 2017 25% [2011]58 70% 2011 2020 15% 15% 2017 15% 10% 2008 1 1 2007 12 31 10% 2007 50% 50% 2007 11

7. (a) 2018 2018 2017 2017 7 9 1 9 7 9 1 9 1,554,067 2,860,545 1,238,113 1,938,317 5,617,778 5,617,007 5,605,010 5,604,772 27.66 50.93 22.09 34.58 (b) 2018 2018 2017 2017 7 9 1 9 7 9 1 9 1,554,067 2,860,545 1,238,113 1,938,317 5,617,778 5,617,007 5,605,010 5,604,772 10,909 11,242 4,800 2,863 5,628,687 5,628,249 5,609,810 5,607,635 27.61 50.82 22.07 34.57 8. 2018 9 30 9 2017 12

9. 30 90 2018 2017 9 30 12 31 0 90 2,190,428 1,517,678 90 102,759 118,707 2,293,187 1,636,385 10. 2018 2017 9 30 12 31 0 90 8,084,180 6,335,339 90 697,521 784,084 8,781,701 7,119,423 11. 2018 11 26 2018 13

2018 GDP 6.5% IP 2018 4.19% 188.63 25.52% 15.54 5.57 27.66 PET 0.87 33.37% 0.32 16.09% EBITDA 0.65% 34.41 2018 3.3% 8.0% 43.6% 48.6% 2018 67.52 0.66% 35.79% 1.11 32.05% 2018 14.15% 7.15 IP 14

IP IP 8 1.0 2018 2.4% 4.3% 47.6% 15.9% 9.3% 32.8% 49.2% 2018 117.49 6.52% 62.29% 0.68 34.13%2018 8.89 28.50% IP IP NBA 101 IP IP 15

IP IP NSF IP IP IP BAR 2018 0.1% 5.3% 0.5% 7.0% 2018 22.3% 10.3% 16

2018 1.93 16.45% 1.02% 1.75 37.65%2018 606 3+2 2018 9 30 129.04 2017 12 31 26.19 2018 9 30 540.22 297.25 2017 12 31 0.77 20.80 55.02% 2017 12 31 3.77 2017 12 31 22.26% -16.44% 2018 9 30 96.09 2017 12 31 47.75 84%:16% 69%:31% 68%:32% 46%:54% 1.50 2018 1-9 5.70% 4,539 2018 9 30 2017 12 31 10.81 11.31 10.76 9.99 0.96 0.79 55.02% 58.79% -16.44% 22.26% 2018 9 30 54,177 Young Master Program 17

LED GMIX MBA 18

2018 9 30 A.4.1 A.4.1 A.4.1 3 COSO 2018 9 30 10 19

2008 3 20 2008 10 2008 2018 4 26 2018 10 (a) 2008 2018 9 30 2008 2008 17 2008 A 2008 3 20 11,760,000 2013 3 21 2018 3 20 (1) $9.28 2009 4 22 26,688,000 2014 4 23 2019 4 22 (2) $9.38 2010 4 1 15,044,000 2015 4 1 2020 3 31 (3) $18.57 2011 4 12 17,702,000 2016 4 12 2021 4 11 (4) $19.96 2012 4 26 9,700,000 2017 4 26 2022 4 25 (5) $20.54 2013 5 27 11,492,000 2018 5 27 2023 5 26 (6) $20.16 2014 4 17 12,718,500 2019 4 17 2024 4 16 (7) $22.38 2015 6 5 17,054,000 2020 6 5 2025 6 4 (8) $16.22 2016 7 4 10,148,000 2021 7 4 2026 7 3 (9) $7.54 2017 4 21 11,420,000 2022 4 21 2027 4 20 (10) $10.20 20

2018 9 30 2008 B 2018 1 1 2018 9 30 2008 3 20 9.28 8.55 2,000,000 2,000,000 15.96 A(1) 2009 4 22 9.38 9.37 2,816,000 2,816,000 A(2) 2010 4 1 18.57 18.42 2,200,000 2,200,000 A(3) 2011 4 12 19.96 19.96 2,264,000 2,264,000 A(4) 2012 4 26 20.54 19.88 1,368,000 1,368,000 A(5) 2013 5 27 20.16 20.05 1,390,000 1,390,000 A(6) 2014 4 17 22.38 22.35 1,486,000 1,486,000 A(7) 2015 6 5 16.22 15.92 1,726,000 1,726,000 A(8) 2013 5 27 20.16 20.05 218,000 218,000 A(6) 2014 4 17 22.38 22.35 224,000 224,000 A(7) 2015 6 5 16.22 15.92 334,000 334,000 A(8) 2017 4 21 10.20 10.20 1,000,000 1,000,000 A(10) 2017 4 21 10.20 10.20 1,000,000 1,000,000 A(10) 2013 5 27 20.16 20.05 904,000 904,000 A(6) 2014 4 17 22.38 22.35 1,148,000 1,148,000 A(7) 2015 6 5 16.22 15.92 2,006,000 2,006,000 A(8) 2016 7 4 7.54 7.54 4,300,000 4,300,000 A(9) 2017 4 21 10.20 10.20 4,000,000 4,000,000 A(10) 2008 3 20 9.28 8.55 300,000 150,000 150,000 15.96 A(1) 2009 4 22 9.38 9.37 4,145,000 809,000 718,000 2,618,000 16.38 A(2) 2010 4 1 18.57 18.42 7,803,000 675,000 7,128,000 A(3) 2011 4 12 19.96 19.96 9,946,000 782,000 9,164,000 A(4) 2012 4 26 20.54 19.88 6,088,000 220,000 5,868,000 A(5) 2013 5 27 20.16 20.05 7,588,000 7,588,000 A(6) 2014 4 17 22.38 22.35 8,484,000 130,000 8,354,000 A(7) 2015 6 5 16.22 15.92 11,754,000 690,000 149,000 10,915,000 17.66 A(8) 2016 7 4 7.54 7.54 5,123,000 400,000 4,723,000 15.15 A(9) 2017 4 21 10.20 10.20 5,270,000 500,000 4,770,000 15.94 A(10) 96,885,000 4,549,000 2,824,000 89,512,000 2018 9 30 4,549,000 10.30 16.22 (b) 2018 2018 17 2018 C 2018 4 27 2,478,000 2021 4 30 2028 4 26 (1a) $16.18 2018 4 27 5,626,000 2021 4 30 2024 4 26 (1b) $16.18 21

2018 9 30 2018 D 2018 1 1 2018 9 30 2018 4 27 16.18 15.02 470,000 470,000 C(1b) 2018 4 27 16.18 15.02 483,000 483,000 C(1b) 2018 4 27 16.18 15.02 483,000 483,000 C(1b) 2018 4 27 16.18 15.02 2,478,000 2,478,000 C(1a) 2018 4 27 16.18 15.02 27,000 27,000 C(1b) 2018 4 27 16.18 15.02 4,163,000 22,000 4,141,000 C(1b) 8,104,000 22,000 8,082,000 2018 9 30 2018 2018 11 26 http://www.masterkong.com.cn http://www.irasia.com/listco/hk/tingyi * 22