5,000 4,000 0.75 0.25 1.15 0.30-34% -17% 3,000 2,000 1,000 0 2005 2006 2007 2008 2009 - - - - - - - 832 328 162 300 160 46 (74 ) 1,754 1,043 362 175 366 171 42 (86 ) 2,073-20% -9% -7% -18% -6% +10% -14% -15% 1,400 (1,330 ) (30 ) 330 (1,496 ) (31 ) 503-11% -4% -34% 1,200 1,000 800 600 400 6,391 1,047 5,344 438,000,000 6,742 1,108 5,634 438,000,000-5% -6% -5% 200 0 2005 2006 2007 2008 2009 5.03 6% 5.34 6% 47% (50%) 22% (39%) 16% (14%) 9% (8%) 17% (18%) 9% (8%) 2% (2%) 44% (33%) 7% (5%) 16% (15%) 10% (7%) 1% (1%)
40 42 43 43 45 46 47 47 50 54 56 57 58 59 60 75 39
G.B.M. G.B.S., LL.D., J.P. G.B.S. S.B.S., J.P. G.B.S., J.P. 40
1712-1716 The Bank of New York Mellon BNY Mellon Shareowner Services PO Box 358516 Pittsburgh, PA 15252-8516 USA 00511 0511.HK 511 HK Level 1 Programme TVBCY www.tvb.com 41
54 74 2,073 15%1,754 962 11% 854534 11%476 4%30 31 503 34%330 0.751.15 5,344 5,634 438,000,0000.05 0.25 0.30 42
43 1,7542,073 15% 854962 11%900 1,111 582655 11% 218 24712% 258 28610% 3130 76 102 330 503 34% 0.75 1.15 tvb.com J2 TVB
J2 1 2 3 84% 4 72% 33 92%42 92% Laughing 30 92% Laughing 3089% 2484% 2291% 80% J2 FA J2 J2 3089% 1 (%) 2 2009 6 1 5 2009 6 1 2 3 4 5 6,360,000 1 63,600 1% CSM 44
32.3% 33.6% 40.2% TVBS 362 9%328 8% ASTRO All Asia Networks plcastro ASTRO On Demand StarHub Cable Vision TVBS-News 7% TVB VietnamTVB Mandarin 7.3% TVBS TVBS 45
TVB8 TVB8 2 45 29%Enjoy Profits LimitedEnjoy Profits 212,745,098Enjoy Profits 336,619,006 31%Enjoy Profits 60%15% 29% 31 30 46
tvb.com 73% My TV www.tvb.com 105% 6 tvb.com 7 tvb.com TVB J2 MagazineTVBeauty QueenTVB TVB TVB Satellite TV Holdings Limited Enjoy Profits 212,745,098 336,619,006 31% 106,372,549 Enjoy Profits 6(a) 5,344 5,634 5% 6 Nielsen Online 7 Nielsen Online 47
48 1,639 2,094 22% 613 10% 2,540 2,944 14% 5.03 5.34 306 22(7%) 22(7%)67 (22%)195(64%) 6%6% 749 7 446 4226% 9 8 24 242035 49 747566 110160
4,313 4,525 27% 49
* * * # # # ^ ^ ^ # 3.10 13.51B * * * # # ^ ^ # 50
^ ^ ^ * # ^ 14 A.4.2 114 10 14 75 51
438,000,0000.05 0.25 0.30 183 17 1712-1716 571XV352 0.05 (%) 1,146,000 # 141,174,828* (a) 142,320,828 32.49 602,144 16,701,000 (b) 17,303,144 3.95 1,146,000 # 1,146,000 0.26 400,000 400,000 0.09 100,000 100,000 0.02 # * * (a) (b) 113,888,62827,286,200 Shaw Holdings Inc. 100% Shaw Holdings Inc. 100% Trio Investment Corporation S.A.10,377,000Crystal Investments Limited 1,581,000Compass Inc.3,162,000Bonus Inc.1,581,000 52
XV 352 XV336 0.05 (%) 113,888,628 * 26.00 27,286,200 * 6.23 Dodge & Cox 27,065,000 (a) 6.18 Marathon Asset Management 24,007,504 (a) 5.48 * * (a) XV 336 (www.hkexnews.hk)(www.tvb.com) 53
5 2,329,543 2,322,872 5 206,194 208,922 5 160,637 161,145 2,000 346,934 375,674 3 3 18,358 16,925 6 156,879 35,182 3,220,548 3,120,723 412,221 412,219 13,261 12,952 6 1,097,060 1,095,718 2,696 1,716 6,840 5,158 231,629 130,422 1,407,157 1,963,094 3,170,864 3,621,279 6,391,412 6,742,002 7 21,900 21,900 8 707,944 696,886 15 109,500 613,200 4,479,416 4,276,314 5,318,760 5,608,300 25,564 25,613 5,344,324 5,633,913 54
10 283,878 296,357 124,786 124,394 8,016 9,563 416,680 430,314 9 552,139 593,810 56,004 61,598 10 22,265 22,367 630,408 677,775 1,047,088 1,108,089 6,391,412 6,742,002 2,540,456 2,943,504 5,761,004 6,064,227 60 74 55
4 1,754,296 2,073,494 (853,692) (962,097) 900,604 1,111,397 11 12,454 35,900 (218,175) (247,390) (257,994) (286,185) 1,592 25,973 (2,303) (2,956) (30,155) (31,406) 12 406,023 605,333 13 (75,799) (102,349) 330,224 502,984 330,264 502,737 (40) 247 330,224 502,984 14 0.75 1.15 15 109,500 131,400 60 74 56
330,224 502,984 (6,613) 29,736 (6,613) 29,736 323,611 532,720 323,660 532,209 (49) 511 323,611 532,720 60 74 57
21,900 685,832 4,636,253 5,343,985 24,765 5,368,750 502,737 502,737 247 502,984 29,472 29,472 264 29,736 29,472 502,737 532,209 511 532,720 13,359 (13,359) (657,000) (657,000) (657,000) 21,900 728,663 4,468,631 5,219,194 25,276 5,244,470 21,900 696,886 4,889,514 5,608,300 25,613 5,633,913 330,264 330,264 (40) 330,224 (6,604) (6,604) (9) (6,613) (6,604) 330,264 323,660 (49) 323,611 17,662 (17,662) 15 (613,200) (613,200) (613,200) 21,900 707,944 4,588,916 5,318,760 25,564 5,344,324 60 74 58
431,533 678,987 (364,926) (784,081) (625,776) (303,368) (559,169) (408,462) 1,963,094 2,008,895 3,232 4,289 1,407,157 1,604,722 60 74 59
1 2 34 3 1 23 7 8 1 814 8 60
3 4 (a) (b) (c) (d) (e) (f) 61
4 828,968 270,676 162,077 297,814 153,150 41,611 1,754,296 3,120 57,401 176 1,752 7,214 4,465 (74,128) 832,088 328,077 162,253 299,566 160,364 46,076 (74,128) 1,754,296 94,181 191,713 32,286 70,381 44,533 3,084 436,178 4,814 1,683 155 356 188 7,196 (2,303) (2,303) (118,426) (2,572) (2,729) (16,253) (88) (1,627) (141,695) * 63,605 342 1,093 125,950 2 7,385 198,377 1,039,501 293,810 175,262 363,944 163,153 37,824 2,073,494 3,356 68,495 232 1,982 7,469 4,797 (86,331) 1,042,857 362,305 175,494 365,926 170,622 42,621 (86,331) 2,073,494 246,867 211,600 33,309 93,578 47,906 3,479 636,739 19,451 5,382 607 852 1,772 939 29,003 (2,956) (2,956) (112,272) (2,624) (3,313) (15,592) (80) (890) (134,771) * 158,597 943 3,853 664,067 275 2,860 830,595 3,632,396 380,411 156,029 1,212,357 313,943 174,136 5,869,272 4,050,146 526,165 150,662 1,199,809 148,994 169,124 6,244,900 * 62
4 436,178 636,739 (30,155) (31,406) 406,023 605,333 5,869,272 6,244,900 2,000 346,934 375,674 3 3 2,696 1,716 152,149 102,784 18,358 16,925 6,391,412 6,742,002 978,179 1,191,740 299,080 377,070 107,497 106,192 43,982 50,563 38,916 47,413 88,037 81,916 185,290 203,588 13,315 15,012 1,754,296 2,073,494 63
5 163,034 1,721,921 185,775 802,294 28,301 (410) 12 (132,345) (2,426) 7,698 21,038 170,732 2,412,498 211,650 161,145 2,322,872 208,922 147,871 (707) 12 (138,967) (2,728) (508) (1,526) 160,637 2,329,543 206,194 748,858,000 711,448,000 64
6 50,506 35,182 (a) 106,373 156,879 35,182 254,352 188,353 61,605 66,464 (b) 741,294 836,804 1,057,251 1,091,621 (136,667) (136,796) (99,583) (96,467) 123,910 134,576 16(b) 152,149 102,784 1,097,060 1,095,718 1,253,939 1,130,900 (a) TVB Satellite TV Holdings Limited TVBSTVHEnjoy Profits LimitedEnjoy Profits 212,745,098336,619,006 31% (i) Enjoy Profits(ii) Enjoy Profits106,372,549 106,372,549 Enjoy ProfitsTVBSTVH 65
6 (b) 382,267 386,940 196,581 230,587 129,743 138,495 70,436 94,358 26,635 56,119 251,479 184,952 1,057,141 1,091,451 741,294 836,804 315,847 254,647 1,057,141 1,091,451 110 170 1,057,251 1,091,621 66
7 0.05 1,300,000,000 65,000 438,000,000 21,900 8 602,026 70,000 864 49,750 40,118 (76,926) 685,832 29,472 29,472 13,359 13,359 602,026 70,000 864 63,109 40,118 (47,454) 728,663 (32,105) (32,105) 328 328 602,026 70,000 864 63,437 40,118 (79,559) 696,886 602,026 70,000 864 63,437 40,118 (79,559) 696,886 (6,604) (6,604) 17,662 17,662 602,026 70,000 864 81,099 40,118 (86,163) 707,944 67
9 2,919 1,633 314 339 63,428 84,364 66,661 86,336 485,478 507,474 552,139 593,810 41,759 51,951 19,434 25,606 2,995 6,005 660 758 732 237 1,081 1,779 66,661 86,336 10 283,878 296,357 22,265 22,367 306,143 318,724 68
10 318,724 359,426 (10,894) (17,563) (1,687) (23,139) 306,143 318,724 22,265 22,367 22,265 22,366 66,795 67,100 194,818 206,891 306,143 318,724 11 7,196 29,003 5,258 6,897 12,454 35,900 69
12 138,967 132,345 2,728 2,426 582,185 655,129 (1,592) (25,973) 13 16.5%16.5% 45,442 67,175 29,118 32,656 2,386 (603) (1,147) 9,373 (6,252) 75,799 102,349 16(b) 14 330,264,000502,737,000 438,000,000 70
15 0.250.30 109,500 131,400 1.40 613,200,000 16 (a) 8,718 8,304 2,000 8,718 10,304 (b) 23,990,00023,561,00020,205,00035,028,00049,365,000 74,287,00075,015,000 65,819,000109,538,000159,902,000 17 328,471 358,605 117,849 62,961 446,320 421,566 71
18 (a) (i) 102,518 102,197 (i) 750 900 (i) 3,162 3,176 (i) 1,304 (i) 1,783 1,557 (ii) 92,402 103,024 (ii) 22,131 26,435 (ii) 15,933 17,901 (ii) 4,102 4,609 (ii) 1,295 1,455 (iii) 584 (iv) 1,551 1,965 246,931 263,803 (i) (15,016) (15,827) (i) (2,406) (2,994) (v) (972) (vi) (898) (vii) (278) (1,774) (viii) (181) (874) (18,853) (22,367) 72
18 (a) (i) (ii) (iii) (iv) (v) (vi) (vii) MEASAT Broadcast Network Systems Sdn. Bhd. All Asia Multimedia Networks FZ-LLC Celestial Movie Channel Limited Celestial Television Networks Ltd. Celestial Filmed Entertainment Limited (viii) (b) 10,972 10,867 73
18 (c) 254,352 188,353 61,605 66,464 315,957 254,817 2,919 1,633 314 339 3,233 1,972 136,667,000 136,796,000 (d) 569,212 215,315 348,333 1,415 8,968 (3,404) 570,627 569,212 0.25% 74
+852 2289 8888 +852 2810 9888 54 74 34 34 2410 34 75