PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 02008 2018 6 30 2018 6 30 1,836,813,000 15.2% 113,195,000 14.1 8,660,000 74,220,000 1
1,836,813,000 2017 6 30 1,594,557,000 15.2% 13.0% 1,950,008,000 2017 6 30 1,726,323,000 113,195,000 2017 6 30 131,766,000 14.1% Particle Inc. 62,476,000 2017 6 30 275,073,000 Particle Inc. 38,718,000 2017 6 30 3,474,000 8,660,0002017630 74,220,000 2
2018 6 30 2017 6 30 2018 2017 550,993 551,343 819,416 740,620 383,574 260,248 28,291 6,143 54,539 36,203 1,836,813 1,594,557 (1,950,008) (1,726,323) (113,195) (131,766) 59,400 7,049 62,476 337,605 38,718 (3,474) 26,681 24,196 74,080 233,610 6,544 (16,641) (34,825) (12,908) 45,799 204,061 (54,459) (129,841) (8,660) 74,220 (0.17) 1.49 3
2018 3 7 60 2018 4 2018 4 20 20 OTT 4
ifeng.com APP LED 2018 LED 3D 3.0 2018 5 18 3.0 1,600 (LEJOY Park) 5
4 IP 2018 6
6 30 2018 2017 550,993 53,573 551,343 74,768 819,416 53,503 740,620 324,337 383,574 60,722 260,248 (2,223) 28,291 43,694 6,143 (26,306) 54,539 (36,472) 36,203 (29,592) 1,836,813 175,020 1,594,557 340,984 47,542 24,846 (148,482) (132,220) 74,080 233,610 550,993,000 2017 6 30 551,343,000 30.0% 53,573,000 2017 6 30 74,768,000 0.9% 503,174,000 2017 6 30 498,611,000 27.4% 9.3% 47,819,000 2017 6 30 52,732,000 10.6% 819,416,000 2017 6 30 740,620,000 53,503,000 2017 6 30 324,337,000 Particle Inc. 7
47.4% 383,574,000 2017 6 30 260,248,000 60,722,000 2017 6 30 2,223,000 43,694,000 2017 6 30 26,306,00059,400,000 2017 6 30 7,049,000 5 2017 6 30 2018 6 30 2017 6 30 2018 6 30 2018 6 30 2,119,402,000 2017 12 31 2,690,998,000 1,337,351,000 2017 12 31 1,239,544,000 20 2018 6 30 57.6% 2017 12 31 54.6% 8
2018 6 30 106,000,000 415,000,000 1,687,000,000 2017 12 31103,000,000412,000,000 1,555,000,000 814,020,000 2017 12 31 781,666,000 2,747,000 2017 12 31 2,751,000 356,000 2017 12 31 352,000 201863020171231 2018 6 30 1,000,000,000 10,000,000,000 0.10 4,993,469,500 2017 12 31 4,993,469,500 2018 6 30 2018 6 30 2,849 2017 12 31 2,881 638,491,000 2017 6 30 594,257,000 2018 6 30 22,468,000 2017 12 31 24,406,000 Particle Inc. 1,501,118,000 2017 12 31 705,712,000 721,002,000 9
2017 6 30 Particle Inc. 2016 1 28 2016 4 5 2016 8 10 2016 11 2 2017 1 20 Particle Inc. 10,000,000 10,000,000 14,800,000 2016 8 46,000,000 74,000,000 2017 1 2018 1 22 (i) 2016 8 6 2018 8 (ii) 2017 1 2018 7 2016 8 Particle Inc. D1 2018 8 9 2017 9 29 Particle Inc. 2016 8 2018 4 2 17,000,000 2016 8 20188717,000,000 Particle Inc. 37.64% 2018 100,000,000 5% 10
2018 1 22 China Prosperity Capital Alpha Limited 50,000,000 2.5% 2018 2 2 2018 2 26 30,000,000 1.5% 2018 3 16 20,000,000 1% 2018 4 18 2018 1 25 Phoenix Satellite Television Holdings LimitedPhoenix Media Investment (Holdings) Limited (i) (ii) 2018 3 6 2018 3 7 2018 3 19 2018 3 21 11
2018 2 2 2018 2018 2018 2 2 2018 12 31 40,000,000 2018 2018 0.1% 5% 14A 2018 2 2 2018 3 19 2018 3 19 2019 3 18 LED 14,520,000 2018 2018 2018 12 0.1% 5%2018 14A 2018 3 19 12
2018 5 25 14A.34 14A.51 2018 1 1 2020 12 31 LED 2018 5 28 20182019 2020 12 31 40,000,000 45,000,000 50,000,000 0.1% 5% 2020 12 31 14A 14A 2018 5 28 2018 6 30 571 XV XV 7 8 352 10 13
(1) 2018 6 30 2 2,688,000 1,854,000,000 1,856,688,000 37.18% 1. 2018 6 30 4,993,469,500 2. 2018 6 30 93.30% 37.13% (2) 2018 A 6 30 3 1,483,200 1,483,200 0.56% 1. 2018630A264,335,266 2. 3. 2018 6 30 93.30% 0.56% 14
(3) 2018 6 30 3 2017.03.21 2018.03.21 2027.03.20 1.41 4,900,000 2017.03.21 2018.03.21 2027.03.20 1.41 3,900,000 2017.03.21 2018.03.21 2027.03.20 1.41 3,900,000 # 2017.03.21 2018.03.21 2027.03.20 1.41 120,000 # 2018 6 30 XV XV 7 8 352 (1) (A) 2009 2009 6 19 2009 2017 2 7 2009 15
2009 2018 2018 1 1 6 30 1 2009.07.22 2009.07.22 2010.07.22 1.17 250,000 (50,000) 200,000 2013.07.21 2019.07.21 250,000 (50,000) 200,000 1 50,000 2009 2009 (B) 2017 2017 2 7 2017 2017 2009 16
2017 2018 2018 1 1 6 30 3 2017.03.21 2017.03.21 2018.03.21 1.41 4,900,000 4,900,000 2018.03.20 2027.03.20 2017.03.21 2017.03.21 2018.03.21 1.41 3,900,000 3,900,000 2018.03.20 2027.03.20 2017.03.21 2017.03.21 2018.03.21 1.41 3,900,000 3,900,000 2018.03.20 2027.03.20 # 2017.03.21 2017.03.21 2018.03.21 1.41 120,000 120,000 2018.03.20 2027.03.20 417 2017.03.21 2017.03.21 2018.03.21 1.41 75,484,000 (370,000) 75,114,000 2018.03.20 2027.03.20 88,304,000 (370,000) 87,934,000 # 5 370,000 2017 2017 17
(2) (A) 2008 6 20 2016 10 20 2016 10 20 10% 2018 6 20 19 1,800,600 2018 2018 1 1 6 30 2008.07.04 2008.07.04-2018.05.25 0.03215 1,998,477 (1,998,477) 2008.07.04 2008.08.28-2018.05.25 0.03215 3,375 (3,375) 2008.07.04 2008.09.17-2018.05.25 0.03215 16,500 (16,500) 2008.07.04 2008.10.22-2018.05.25 0.03215 4,000 (4,000) 2008.07.04 2008.10.23-2018.05.25 0.03215 6,750 (6,750) 2008.07.04 2008.12.24-2018.05.25 0.03215 3,750 (3,750) 2008.07.04 2009.03.10-2018.05.25 0.03215 5,500 (5,500) 2008.07.04 2009.03.17-2018.05.25 0.03215 2,475 (2,475) 2008.07.04 2009.03.31-2018.05.25 0.03215 3,000 (3,000) 2008.07.04 2009.04.01-2018.05.25 0.03215 450 (450) 2008.07.04 2009.04.07-2018.05.25 0.03215 3,000 (3,000) 2008.07.04 2009.04.09-2018.05.25 0.03215 3,000 (3,000) 18
2018 2018 1 1 6 30 2008.07.04 2009.05.19-2018.05.25 0.03215 7,313 (7,313) 2008.07.04 2009.05.26-2018.05.25 0.03215 33,087 (33,087) 2009.07.31 2010.01.04-2018.05.25 0.03215 781,250 (781,250) 2009.07.31 2010.02.16-2018.05.25 0.03215 100,000 (100,000) 2009.07.31 2010.04.27-2018.05.25 0.03215 5,250 (5,250) 2009.07.31 2010.05.18-2018.05.25 0.03215 96,001 (96,001) 2009.07.31 2010.07.10-2018.05.25 0.03215 61,600 (61,600) 2009.09.15 2010.09.15-2018.05.25 0.03215 441,800 (441,800) 2010.01.08 2011.01.08-2018.05.25 0.03215 104,400 (104,400) 2010.07.01 2008.03.05-2018.05.25 0.03215 111,000 (111,000) 2010.07.01 2010.09.15-2018.05.25 0.03215 26,000 (26,000) 2010.07.01 2011.07.01-2018.05.25 0.03215 52,000 (52,000) 2013.03.15 2014.03.15-2023.03.14 0.445925 4,156,100 (250,000) 3,906,100 2013.05.23 2014.05.23-2023.05.22 0.46565 2,900,000 2,900,000 2013.10.01 2014.10.01-2023.09.30 0.78670 6,082 6,082 2016.10.17 2017.10.17-2026.10.16 0.47340 7,288,972 (345,000) (211,248) 6,732,724 2016.10.21 2017.05.01-2020.07.06 0.48230 13,912,807 (535,600) (250,628) 13,126,579 2017.09.14 2018.09.14-2027.09.13 0.41490 6,617,000 (820,000) 5,797,000 2017.11.24 2018.11.24-2027.11.23 0.53440 538,000 (50,000) 488,000 2018.01.03 2018.01.03-2028.01.02 0.48230 2,134,500 2,134,500 2018.01.03 2019.01.03-2028.01.02 0.63260 1,180,000 1,180,000 2018.04.02 2019.04.02-2028.04.01 0.75130 390,000 (50,000) 340,000 39,288,939 3,704,500 (1,800,600) (4,581,854) 36,610,985 (B) 2018 2018 6 6 2018 2018 (i) (ii) 2018 6 30 2018 19
2009 2017 10% 2018 6 30 XV XV 2 3 336 352 (1) 2018 6 30 2 1,854,000,000 37.13% Extra Step Investments Limited 3 983,000,000 19.69% TPG China Media, L.P. 4 607,000,000 12.16% 20
1. 2018 6 30 4,993,469,500 2. 93.30% 6.70% 3. Extra Step Investments Limited Extra Step Investments Limited 983,000,000 4. TPG China Media,L.P. TPG Asia Advisors VIDE,Inc. TPG Asia Advisors VIDE,Inc. David BONDERMAN James G. COULTER TPG Asia Advisors VI DE, Inc.David BONDERMAN James G. COULTER TPG China Media, L.P. 607,000,000 TPG (2) 2018 6 30 5% 2 412,000,000 8.25% 1. 2018 6 30 4,993,469,500 2. Cultural Developments LimitedCultural Developments Limited Cultural Developments Limited 412,000,000 2018 6 30 XV 2 3 336 21
16 13.51B(1) 13.51B(1) 2018 5 15 2018 5 17 13.51B (1) 14 22
(1) A.2.1 2008 11 26 2008 12 5 2008 11 26 (2) A.4.1 A.4.2 23
4 2018 6 6 A.4.2 A.4.2 (3) E.1.2 Thaddeus Thomas BECZAK 10 24
Thaddeus Thomas BECZAK (www.hkexnews.hk) www.irasia.com/listco/hk/phoenixtv 2018 9 30 25
2018 6 30 2017 2018 6 30 6 30 2018 2017 5 1,836,813 1,594,557 6 (1,402,187) (1,269,432) 6 (547,821) (456,891) 59,400 7,049 6 108,482 285,776 39,240 96,358 (19,847) (23,807) 11,545 (13,701) (5,001) (2,940) 80,624 216,969 7 (34,825) (12,908) 45,799 204,061 (8,660) 74,220 54,459 129,841 45,799 204,061 9 (0.17) 1.49 9 (0.17) 1.49 33 65 26
2018 6 30 6 30 2018 2017 45,799 204,061 183,957 14,442 (31,758) 229,756 186,745 107,116 66,656 122,640 120,089 229,756 186,745 33 65 27
2018 6 30 2018 2017 6 30 12 31 10 8,916 11,800 11 210,468 208,619 12 1,082,663 1,080,274 13 1,702,799 1,570,414 14 26,758 26,960 37,064 40,027 93,669 78,503 17 1,545,400 18 725,395 24 721,002 24 17,702 60,232 52,380 103,150 76,925 23 200,000 4,871,119 4,810,001 15 824,917 940,240 16 989,284 814,524 6,149 7,493 27 239,678 333,610 24 19,513 11,178 12,112 10 80 147 17 748,007 24,406 8,743 8,971 23 814,020 581,666 605,206 470,970 603 587 1,514,196 2,220,028 5,762,061 5,434,267 10,633,180 10,244,268 33 65 28
2018 6 30 2018 2017 6 30 12 31 22 499,347 499,347 4,958,434 4,876,121 5,457,781 5,375,468 2,030,703 1,937,120 7,488,484 7,312,588 20 131,414 329,215 24 698 17 1,418 5,103 4,876 20 325,721 251,252 207,681 185,976 671,337 772,017 21 1,219,571 1,336,620 20 809,177 596,507 314,040 109,029 20 65,936 57,694 64,635 58,823 24 990 2,473,359 2,159,663 3,144,696 2,931,680 10,633,180 10,244,268 33 65 29
2018 6 30 2017 12 31 499,347 149,155 144,693 1,515,136 (38,032) 815 59,694 3,044,660 1,937,120 7,312,588 29 (815) 815 2018 1 1 499,347 149,155 144,693 1,515,136 (38,032) 59,694 3,045,475 1,937,120 7,312,588 (8,660) 54,459 45,799 115,776 68,181 183,957 115,776 (8,660) 122,640 229,756 8,573 8,304 16,877 16 (16) 2017 (49,935) (49,935) (52,044) (52,044) 56 (56) 25,101 (314) 24,787 498 498 (4,966) (3,576) 14,499 5,957 16 56 20,135 4,981 (49,991) (29,057) (53,860) 2018 6 30 499,347 149,171 144,749 1,535,271 77,744 64,675 2,986,824 2,030,703 7,488,484 30
2018 6 30 2017 1 1 500,100 (5,042) 51,658 141,239 1,503,315 (145,513) 16,709 151,204 2,811,801 1,603,304 6,628,775 74,220 129,841 204,061 10,046 4,396 14,442 (17,610) (14,148) (31,758) 10,046 (17,610) 74,220 120,089 186,745 11,440 15,493 26,933 106,328 (106,328) (4,512) (30) (4,542) (753) 9,554 (8,801) 2016 (49,935) (49,935) (18,931) (18,931) 1,344 (1,344) 7,090 15,525 22,615 (75) (3) 86 8 (753) 5,042 97,497 1,344 7,015 (94,891) (51,279) 12,173 (23,852) 2017 6 30 499,347 149,155 142,583 1,510,330 (135,467) (901) 56,313 2,834,742 1,735,566 6,791,668 10% 50% 31
2018 6 30 6 30 2018 2017 54,247 34,026 32,569 25,544 (19,847) (23,807) 228 (40,601) (39,295) 26,596 (3,532) (9) (134,236) 54,078 (32,354) (105,437) (5) (1,256) (65,720) (50,793) (1,369) (5,676) 1,142 4,241 (84,969) 503 498 3,197 3,015 (10,196) (598,069) 25,285 (801,626) (196,504) (49,935) (49,935) 5,957 8 509,590 531,199 (531,161) (562,266) 68,288 5,836 22,615 (52,044) (18,931) (4,542) (49,305) (76,016) (824,335) (276,052) 2,220,028 2,283,990 118,503 656 1,514,196 2,008,594 33 65 32
1 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2018 8 17 2 (a) 2018 6 30 34 2017 12 31 (b) 2017 12 31 (a) 2018 1 1 2 4 9 15 15 22 40 9 4 15 2014 2016 9 15 9 15 29 33
(b) 2018 12 31 9 (1) 16 (1) 17 (2) 28 (1) 10 28 (3) 23 (1) 2015 2017 (1) (1) 2019 1 1 (2) 2021 1 1 (3) 16 16 17 2019 1 1 16 3 2017 12 31 4 4.1 2017 12 31 34
4.2 4.3 1 1 2 3 3 2018 6 30 1 2 3 22,468 22,468 1,501,118 1,501,118 132,209 132,209 25,754 25,754 1,442 1,442 18,528 18,528 591,888 591,888 22,468 593,330 1,677,609 2,293,407 (1,418) (1,418) (1,418) (1,418) 35
2017 12 31 1 2 3 24,406 24,406 705,712 705,712 19,683 19,683 721,002 721,002 19,513 19,513 17,702 17,702 24,406 1,483,612 1,508,018 (1,688) (1,688) (1,688) (1,688) 20182017630123 2018 6 30 9 2017 6 30 9 29 (a) 1 1 2018 6 30 1 22,468,000 2017 12 31 24,406,000 17 36
(b) 2 2 3 (c) 3 (1) 3 2018 6 30 1,501,118 23% 25% 45% 5%-96% 3% 18,528 35% 132,209 12.7% 37
2017 12 31 1,426,714 23% 705,712,000 721,002,000 25% 45% 5%-94% 3% 17,702 35% 19,513 12.7% 2018 6 30 2017 12 31 B C D1 28 38
Particle Inc. Particle Inc. 3 2018 6 30 2017 12 31 2018 1 1 19,683 135,265 17,702 1,426,714 1,599,364 5,741 5,741 (3,810) 66,286 62,476 330 754 826 8,118 10,028 2018 6 30 25,754 132,209 18,528 1,501,118 1,677,609 39
2017 1 1 11,986 10,860 17,812 605,849 444,615 (4,354) 440,261 1,086,768 7,068 7,068 (28,635) (28,635) 7,977 (856) 275,299 275,299 282,420 124,529 124,529 2,075 2,075 2,075 629 676 746 3,969 3,367 3,367 9,387 2017 12 31 19,683 19,513 17,702 705,712 723,281 (2,279) 721,002 1,483,612 7,977 (856) 275,299 2,075 277,374 284,495 (28,635) (28,635) 40
(2) 10% 1% 3% 3% 5% 2018 6 30 317,196/ 62,954/ (286,984)/ (60,633)/ (104,025)/ (285,687) (57,473) 397,201 60,106 4,441 2017 12 31 312,676/ 61,185/ (293,911)/ (63,903)/ (3,958)/ (283,332) (54,649) 405,095 64,281 111,205 2018 6 30 18,528,000 2017 17,702,000 132,209,000 2017 19,513,000 4.4 20 5 (i) (a) (b) (ii) (iii) (iv) (v) 41
2018 6 30 503,174 47,819 550,993 819,416 383,574 28,291 54,539 1,836,813 c 18,335 18,335 6,980 2,608 6,033 (33,956) 503,174 66,154 569,328 826,396 383,574 30,899 60,572 (33,956) 1,836,813 1,500 20,439 21,939 86,572 57 22,159 (21,921) 108,806 501,674 45,715 547,389 739,824 383,517 38,413 (12,035) 1,697,108 30,899 30,899 503,174 66,154 569,328 826,396 383,574 30,899 60,572 (33,956) 1,836,813 76,686 (23,113) 53,573 53,503 60,722 43,694 (36,472) 175,020 a 47,542 b (148,482) 74,080 (5,001) 11,545 (34,825) 45,799 (54,459) (8,660) (9,044) (7,589) (16,633) (18,771) (16,489) (18,310) (3,585) (73,788) (20,498) (94,286) 713 713 29,868 1,692 22 813 33,108 6,132 39,240 (35) (35) (9,814) (6,377) (16,226) (3,621) (19,847) (20,761) (3,187) (23,948) 11,470 11,470 42
5 2017 6 30 498,611 52,732 551,343 740,620 260,248 6,143 36,203 1,594,557 c 18,397 18,397 2,521 493 (21,411) 498,611 71,129 569,740 740,620 260,248 8,664 36,696 (21,411) 1,594,557 95,351 (20,583) 74,768 324,337 (2,223) (26,306) (29,592) 340,984 a 24,846 b (132,220) 233,610 (2,940) (13,701) (12,908) 204,061 (129,841) 74,220 (13,270) (8,166) (21,436) (22,154) (14,399) (18,076) (2,001) (78,066) (20,959) (99,025) 207 207 89,624 1,410 47 340 91,628 4,730 96,358 (36) (36) (14,431) (6,793) (21,260) (2,547) (23,807) (2,979) (2,979) (1,974) (1,974) 3,214 3,214 43
(a) (b) (c) 6 6 30 2018 2017 (11,470) (3,214) (1,012) (3,516) 95,585 82,168 197,002 172,994 34,584 31,766 23,948 1,974 638,491 594,257 936 943 40,218 30,174 LED 111,924 98,441 3,191 4,312 5,965 883 952 2,962 2,836 94,286 99,025 44
6 30 2018 2017 38,718 (3,474) 3,700 3,513 276,478 62,250 3,175 3,814 6,084 108,482 285,776 7 16.5%201763016.5% 6 30 2018 2017 87 10,610 45,182 11,833 (10,444) (9,535) 34,825 12,908 8 2017 12 31 49,935,000 2018 6 2017 6 30 49,935,000 20186302017630 45
9 6 30 2018 2017 (8,660) 74,220 4,993,470 4,996,948 (0.17) 1.49 2017 6 30 6 30 2018 2017 (8,660) 74,220 4,993,470 4,996,948 25 4,993,470 4,996,973 (0.17) 1.49 46
10 2018 2017 6 30 12 31 11,947 15,117 1,369 9,842 (4,312) (12,256) (8) (756) 8,996 11,947 (80) (147) 8,916 11,800 11 2018 2017 6 30 12 31 208,619 210,179 (2,962) (5,725) 4,811 4,165 210,468 208,619 (a) (b) 2018 6 30 106,455,000 2017 12 31 103,235,000 2018 6 30 13,328,000 2017 12 31 13,531,000 8,500 2018 6 30 47
12 2018 2017 6 30 12 31 1,080,274 1,160,842 65,720 92,009 31,085 34,581 (130) (8,325) (94,286) (194,466) (4,367) a 1,082,663 1,080,274 (a) (b) 2018 6 30 10,000 23,034,000 2017 12 31 23,384,000 2018 6 30 30,848,000 2017 12 31 30,848,000 23,034,000 2017 12 31 23,384,000 2018 6 30 8,500 11(b) 2018 6 30 LED 13 2018 2017 6 30 12 31 1,570,414 1,464,088 59,400 44,868 72,985 61,458 1,702,799 1,570,414 (a) Lambert Smith Hampton 59,400,000 2017 6 30 7,049,000 2018 6 30 48
(i) 2018 2017 6 30 12 31 3 3 1,686,881 1,555,092 15,918 15,322 (ii) 15,918,000 2017 12 31 15,322,000 1,686,881,000 2017 12 31 1,555,092,000 2018 6 30 2017 49
(iii) 3 2018 6 30 1,686,881 38,620 15,918 4,197 7% 2017 12 31 1,555,092 35,602 15,322 4,048 7% (b) 50
14 2018 2017 6 30 12 31 26,960 25,872 5 9,355 (883) (9,073) 676 806 26,758 26,960 (a) (b) 2018 6 30 8,733,000 2017 12 31 8,733,000 2018 6 30 2017 15 2018 2017 6 30 12 31 954,770 1,052,510 (129,853) (112,270) 824,917 940,240 16 30 180 51
2018 6 30 2018 2017 6 30 12 31 0 30 273,372 316,041 31 60 162,494 199,573 61 90 123,174 131,337 91 120 75,678 85,604 120 320,052 319,955 954,770 1,052,510 (129,853) (112,270) 824,917 940,240 81,306,000 2017 12 31 60,566,000 2018 6 30 2018 6 30 23,948,000 2017 6 30 1,974,000 201863011,470,0002017630 3,214,000 16 510,504,000 2017 12 31 432,203,000 2002 3 12 2015 6 5 2018 6 30 510,504,000 2017 12 31 432,203,000 52
17 2018 2017 6 30 12 31 1,501,118 18,528 25,754 1,545,400 22,468 24,406 591,888 132,209 1,442 748,007 24,406 (1,418) 201863022,468,0002017123124,406,000 6 28 9 29 18 2018 2017 6 30 12 31 725,395 617,835 (725,395) 7,068 (28,635) 124,529 4,598 725,395 9 29 53
2018 2017 6 30 12 31 705,712 19,683 19 20 725,395 201863080,378,0002017123172,933,000 2018 2017 6 30 12 31 a 940,591 925,722 b 391,657 308,946 1,332,248 1,234,668 (a) 2018 2017 6 30 12 31 131,414 329,215 809,177 596,507 940,591 925,722 2018 2017 6 30 12 31 809,177 596,507 61,655 233,015 67,820 94,248 1,939 1,952 940,591 925,722 54
178,800,000 2017 12 31 188,496,000 2018 6 30 106,000,000 2017 12 31 103,000,000 415,000,000 2017 12 31 412,000,000 1,687,000,000 2017 12 31 1,555,000,000 6.48 2017 12 31 6.48 1,939,000 2017 12 31 1,952,000 2018 6 30 2,747,000 2017 12 31 2,751,000 3.59 2017 12 31 3.59 759,852,000 2017 12 31 735,273,000 2018 6 30 814,020,000 2017 12 31 781,666,000 23 (b) 2018 2017 6 30 12 31 325,721 251,252 65,936 57,694 391,657 308,946 2018 2017 6 30 12 31 65,936 57,694 143,506 77,163 162,486 155,239 19,729 18,850 391,657 308,946 2017 12 31 55
(c) 2018 2017 2018 2017 6 30 12 31 6 30 12 31 940,591 925,722 940,591 925,722 391,657 308,946 360,384 272,171 1,332,248 1,234,668 1,300,975 1,197,893 6.48 2017 12 31 6.48 2 21 2018 2017 6 30 12 31 377,500 380,722 842,071 955,898 1,219,571 1,336,620 (10,007) (13,996) 1,209,564 1,322,624 2018 6 30 2018 2017 6 30 12 31 0 30 77,167 240,858 31 60 33,516 17,393 61 90 25,469 10,275 91 120 29,918 7,276 120 211,430 104,920 377,500 380,722 56
22 2018 2017 6 30 12 31 0.1 10,000,000,000 1,000,000 10,000,000,000 1,000,000 1 1 4,993,469,500 499,347 5,000,999,500 500,100 (7,530,000) (753) 4,993,469,500 499,347 4,993,469,500 499,347 23 2018 6 30 435,458,000 2017 12 31 385,000,000 1.8 3.59 2017 12 31 1.52 1.8 380,000,000 2017 12 31 346,500,000 20(a) 0.45 2017 12 31 0.45 1.663.375201712311.41.66 2018 6 30 1,418,000 2017 12 31 1,442,000 2017 12 31 990,000 17 24 2018 6 30 378,562,000 2017 12 31 396,666,000 2.1 2017 12 31 2.10 379,853,000 2017 12 31 388,773,000 3.30 5.50 57
24 2018 2017 2018 2017 6 30 12 31 6 30 12 31 721,002 19,513 17,702 23 (1,688) 758,217 (1,688) (721,002) 698 (17,702) (990) 19,513 19,513 (990) 758,217 468,933 (1,688) (1,802) (758,217) 1,688 284,495 114 4,789 758,217 (1,688) 29 25 2018 6 30 54.96% 54.53% 4,966,000 14,499,000 2017 6 30 0.003% 75,000 86,000 58
26 2018 6 30 2018 2017 6 30 12 31 40,739 48,146 27 (i) 24 6 30 2018 2017 a, b 64,387 57,255 a, c 37,514 23,718 a, d 11,475 15,262 e, f 15 90 e, g 13 6,736 iii 15,230 15,151 (a) (b) (c) (d) (e) (f) (g) 19.69% 59
(ii) 27(i) 2018 2017 6 30 12 31 239,678 333,610 Particle Inc.103,272,000 2017 12 31 214,215,000 28 9 2018 6 30 2018 2017 6 30 12 31 0 90 53,232 52,850 91 120 10,546 11,985 120 175,900 268,775 239,678 333,610 (iii) 6 30 2018 2017 10,635 10,478 3,743 3,808 852 865 15,230 15,151 60
28 PARTICLE INC. 2014 Particle Inc. B 2015 496,989,000 Particle Inc. C 2016 1 28 Particle Inc. 20,000,000 155,138,000 4.35 2016 12 31 D1 Particle Inc. D Particle Inc. 2016 4 20,000,000 2016 12 30 20,000,000 23,600,000 D1 2016 12 31 B C D1 122,744,000 38,171,000 39 2016 8 11 Particle Inc. 14,800,000 114,802,000 4.35 (i) 109,372,000 (ii) 5,430,000 2017 1 2017 8 2016 11 2 Particle Inc. 46,000,000 52,031,000 9.00 2017 1 2017 11 2017 1 20 Particle Inc. 74,000,000 83,835,000 9.00 2018 1 22 2018 7 29 9 15 2018 1 1 9 15 2018 1 1 (a) 9 9 39 61
2018 1 1 (i) 201811 (i) 62
(ii) 2018 1 1 9 9 2018 1 1 9 39 2017 12 31 815 3,044,660 (i) (815) 815 9 2018 1 1 3,045,475 63
2018 1 1 (i) 2018 1 1 9 9 (2017 ) 2017 12 31 39 24,406 725,395 1,889,890 19,513 738,704 3,397,908 (a),(b) 1,483,612 (725,395) (19,513) (738,704) (b) 115,752 (115,752) 2018 1 1 9 1,623,770 1,774,138 3,397,908 (a) - 2018 1 1 705,712,000 9 9 9 2018 1 1 738,704,000 815,000 2018 1 1 2018 1 1 19,683,000 (b) Particle 2018 1 1 115,752,000 9 9 9 2018 1 1 19,513,000 64
(b) 15 18 11 15 15 2018 1 1 2018 6 30 60,566,000 81,306,000 2018 1 1 2018 6 30 109,029,000 314,040,000 15 15 30 2018417,000,000133,426,000 2018 8 7 2018 8 17 Thaddeus Thomas BECZAK 65