1 TOM 571 TML Tennis Management Limited TOM TOMO TOM TOM

1 TOM 571 TML Tennis Management Limited TOM TOMO TOM TOM

2 TOMTOMTOM EBITDA # 1,415,747 1,198,375 EBITDA* 177,593 160,005 128,364 614,033 169,348 683,478 4.35 17.6 * EBITDA EBITDA 128,364,000 EBITDA614,033,000 #

3 TOMEBITDA TOM EBITDA TOMOIndiagames Limited TOMO SMS MMS WAP MISCMMS IVRCRBTTOMO TOM

4 TOMO 2.5GIVR WAP MMS CRBT TOMOTCL2.75G/3G TOMO SkypeTOM-Skype EBITDA NEC TOM

5 EBITDA TMLTML TML ATP WTA TOM

6 LG 2005 TOM SMS

7 TML TML TOM

8 TOM TOM TOM TOM Mountergate LimitedMountergate Mountergate TOM

9 TOM TOM TOM

10 4 1,415,747 1,198,375 (874,306) (676,850) 45,308 37,059 (150,093) (120,351) (125,906) (116,510) (169,416) (181,352) (82,731) (134,315) 5 (31,971) (22,476) (19,812) (85) (346) 8,537 853 117,815 (118,456) 6 160,335 873,367 7 278,150 754,911 8 (45,300) (15,369) 232,850 739,542 9 (23,576) (23,272) 209,274 716,270 169,348 683,478 39,926 32,792 209,274 716,270 11 4.35 17.60 16.37

11 12 300,405 284,551 13 126,614 208,565 14 2,350,321 2,280,025 14,565 14,650 226,356 226,073 2,075,425 2,519,199 5,093,686 ------------------- 5,533,063 ------------------- 122,775 123,117 15 1,211,327 1,119,152 887,120 1,118,876 2,221,222 ------------------- 2,361,145 ------------------- 129,013 1,387,514 16 841,340 807,571 57,032 50,459 68,221 42 9,400 9,964 1,105,006 2,255,550 ------------------- ------------------- 1,116,216 105,595 ------------------- ------------------- 6,209,902 ------------------- 5,638,658 ------------------- 17 2,413,525 2,433,999 4,355 13,318 2,417,880 2,447,317 ------------------- ------------------- 3,792,022 3,191,341 19 389,001 389,001 21 2,427,484 2,098,770 (6,085) (6,085) 2,810,400 2,481,686 22 981,622 709,655 3,792,022 3,191,341 TOM

12 (23,670) (53,311) (543) 919 510 (23,294) (52,801) 209,274 716,270 185,980 663,469 146,156 636,260 39,824 27,209 185,980 663,469

13 (2,851) (60,161) (465,639) 263,410 236,734 276 (231,756) 203,525 1,118,876 884,563 887,120 1,088,088 TOM

14 34 2 (a) 3 36 38 3 36 38 3 36 38 20 3 36 38 25,131 0.64 0.59

15 TOM (b) 1 2 7 8 10 16 17 19 21 23 24 27 28 31 32 33 39 2 5 1 2 7 8 10 16 21 23 24 27 28 31 335 1 8 2 7 10 16 23 24 27 28 31 335 21 21 39 39 2 17 17 32 39 32 39

16 39 39 2 2 2 19 19 19 19 19 18,348 21,188 20 39,556 0.47 0.55 1.02 143,084 (563) 142,521

17 19 32 39 2 25,758 25,758 0.66 0.66 0.60 0.60 (c) 6 3 4 5 1 (a) (i) (ii) 12 12 TOM

18 (b) (c) (d) 10% 19 (e)

19 TOM (f) (i) (ii) (iii) (1) (2) (3) (g)

20 621,451 184,063 512,231 65,551 32,451 1,415,747 167,609 35,529 69,725 (8,385) (17,671) 246,807 (31,180) (12,846) (6,495) (252) (19,447) (70,220) 136,429 22,683 63,230 (8,637) (37,118) 176,587 38,932 (70,903) (31,971) (85) (85) 64 8,473 8,537 (35,253) 117,815 160,335 160,335 278,150 (45,300) 232,850 (23,576) 209,274 169,348 39,926 209,274 44,216 14,443 3,238 373 18,277 80,547 2,952 83,499 2,252,802 737,121 1,370,120 261,612 149,428 4,771,083 14,565 14,565 1,787 224,569 226,356 788,487 4,230 15,315 2,666 17,609 828,307 1,474,597 7,314,908 163,554 97,619 452,377 52,099 35,066 800,715 2,722,171 3,522,886

21 458,732 159,460 441,452 127,333 11,398 1,198,375 160,244 38,582 55,929 19,957 (32,771) 241,941 (22,325) (12,865) (6,412) (237) (10,011) (51,850) 137,919 25,717 49,517 19,720 (42,782) 190,091 (23,752) (12,141) (46,838) (82,731) (25,600) (108,715) (134,315) (17,831) (4,645) (22,476) (19,812) (346) (346) 87 766 853 (49,720) (118,456) 873,367 873,367 754,911 (15,369) 739,542 (23,272) 716,270 683,478 32,792 716,270 34,058 13,912 19,960 514 14,469 82,913 2,243 85,156 2,306,643 760,547 1,298,917 417,068 144,627 4,927,802 14,650 14,650 1,723 224,350 226,073 981,424 45,205 14,132 2,663 16,202 1,059,626 1,666,057 7,894,208 1,151,703 108,920 433,237 130,754 23,490 1,848,104 2,854,763 4,702,867 TOM

22 33,772 50,616 (21,442) (4,183) 902,220 738,089 177,653 178,316 479,755 409,670 90,596 67,808 1,415,747 1,198,375 246,807 241,941 (70,220) (51,850) (82,731) (134,315) (31,971) (22,476) (19,812) (85) (346) 8,537 853 160,335 873,367 (35,253) (49,720) 278,150 754,911 70,903,000 38,932,000 (a) Puccini International LimitedPuccini Puccini Cranwood Company Limited Cranwood100%Puccini Puccini150,000,000 1,170,000,000 TOMTOM 132,000,0001,030,000,000 18,500,000144,300,000TOM1.5 Cranwood Puccini 132,000,0001,030,000,000TOM1.2193 TOMPuccini30 47,500,000370,500,000TOM 66,000,000515,000,000

23 TOM TOM71.86%66.66% 160,872,000 (b) Indiagames LimitedIndiagames 25TOM Online Games LimitedTOM Online Games IndiagamesIndiagames 76.29% Indiagames112,6834,000,00031,200,000 TOM Online GamesIndiagames76.29%62.42% 537,000 46,084 41,046 27,031 15,140 16,492 1,370 28,453 10,224 355 3,775 45,300 15,369 17.5%17.5% 101 32,147 27,277 769 (8,571) (4,875) 23,576 23,272 1,970,000 TOM

24 169,348 683,478 3,889,997,150 3,882,734,691 4.35 17.60 683,478 10,224 693,702 3,882,734,691 352,941,176 1,953,371 4,237,629,238 16.37 245,006 40,242 (3,525) (1,729) (41,046) (29,432) 477 209,993 105,909 12,683 (3,133) (41,730) 829 284,551 62,528 25 704 (2,101) (46,084) 807 300,405

25 92,818 93,391 15 74,100 7,217 24,291 26,579 16,783 126,614 208,565 40,164 18,634 27,300 1,119 1,987 89,204 2,961 8,147 13,240 13,798 6,768 44,914 (18,634) (18,634) (4,301) (518) (1,279) (8,704) (338) (15,140) 27 27 38,824 34,929 13,107 7,081 6,430 100,371 2,091 835 7,609 2,914 13,449 7,263 7,263 (4,529) (1,360) (1,746) (10,531) (823) (6,345) (25,334) (2,397) (2,397) 39 39 36,386 31,172 12,235 4,159 8,521 918 93,391 3,242 17,729 20,971 25 6,021 6,021 (5,233) (644) (2,110) (15,334) (968) (2,742) (27,031) (860) (860) 325 1 326 34,395 30,528 10,450 6,554 7,553 3,338 92,818 1,088,466 (44,917) (53,299) 13 990,263 1,287,025 2,709 28 2,280,025 91,223 (21,016) 89 2,350,321 TOM

26 732,370 781,010 13 (74,100) 732,370 706,910 478,957 412,242 1,211,327 1,119,152 1-30 341,194 346,323 31-60 194,490 136,235 61-90 93,873 113,328 90 102,813 185,124 732,370 781,010 2,419 2,542 729,951 778,468 732,370 781,010 263,574 297,433 17 (46,800) 263,574 250,633 577,766 556,938 841,340 807,571 1-30 148,932 174,078 31-60 36,661 31,116 61-90 24,899 24,298 90 53,082 67,941 263,574 297,433

27 1,396,170 1,182,547 18 991,080 1,179,785 16 46,800 26,275 24,867 2,413,525 2,433,999 150,000,0001,170,000,000 0.10 0.5% 3.315 1.25% 103.86% 29,300,000 4,000,000 0.1 5,000,000,000 500,000 3,878,261,817 387,827 11,151,548 1,115 3,889,413,365 388,942 583,785 59 3,889,997,150 389,001 TOM

28 (a) 16,196,000 182,757,000 16,196,000 186,279,000 10,000,000 (234,000) (1,840,000) (14,056,000) (1,818,000) 16,196,000 168,467,000 16,196,000 192,621,000 1.7811.30 50,872,000 56,626,000 3.76 20,000,000 37,334,000 2.505 103,791,000 104,857,000 2.55 10,000,000 10,000,000 184,663,000 208,817,000 (b) TOM 262,425,040 18,000,000 280,000,000 (6,596,126) (2,616,669) 255,828,914 18,000,000 277,383,331 18,000,000 1.204 1.50 255,828,914 277,383,331 1.204 18,000,000 273,828,914 277,383,331 TOM

29 3,605,986 (377) 776 15,579 5,610 1,206 (2,391,147) 1,237,633 2 3,951 (3,951) 3,605,986 3,574 776 15,579 5,610 1,206 (2,395,098) 1,237,633 (46,996) (46,996) 49 (44) (227) (222) 683,478 683,478 63,235 (63,235) 14,720 14,720 25,758 25,758 3,620,706 29,332 776 78,863 (41,430) 979 (1,774,855) 1,914,371 3,621,591 (377) 776 80,067 (5,184) (2,594) (1,595,509) 2,098,770 2 59,680 (59,680) 3,621,591 59,303 776 80,067 (5,184) (2,594) (1,655,189) 2,098,770 32 39 (254) 204,235 (37,902) 166,079 3,621,591 59,303 776 80,067 (5,438) (2,594) 204,235 (1,693,091) 2,264,849 (21,659) (21,659) 160 (27) (1,123) (990) 169,348 169,348 1,094 (1,094) (543) (543) (4,709) (4,709) 21,188 21,188 3,621,591 80,491 776 81,321 (27,124) (3,717) 199,526 (1,525,380) 2,427,484 TOM

30 709,655 163,083 39,926 104,303 1,909 3,183 (2,011) (1,069) 39,824 106,417 25 3,846 2,764 (5,479) (8,820) 7,171 20 224,159 458,767 1,932 (14,508) 2,446 981,622 709,655 1,401,708,000941,653,000 1,123,000,000850,000,000 3,933,00011,691,000 3,096,000 689,000 801,000 50% 9,400,000 TOMTOM Online GamesIndiagames 76.29% Indiagames 13,700,000107,100,000 704 6,021 17 22,116 2,442 (6,934) (2,122) (3,846) 18,398 107,121 2,500 109,621 ------------------ 91,223

31 20,788,00013,223,0001,337,000Indiagames Indiagames (a) 39,000 177,307 5,234 18,051 257,430 310,971 301,664 506,329 (b) (c) (d) 9,776,000 11,214,000 4,315,000 27% 5,000,00039,000,000 6 8% 27%35% Treasure Base Investments LimitedTreasure Base 100%274,000,000 257,700,000 Treasure Base4.5(i) 40,000,000 37,600,000 (ii)40,000,000 37,600,000 75,000,000 70,500,000 1.5(iii) 75,000,000 70,500,000 1.75550,000,000 517,000,000 276,000,000 259,300,000 TOM

32 6(a) 15 4,176 2,251 1,164 926 1,660 2,838 63 428 14,992 12,633 Cranwood 305 309 5,388 5,313 2,070 3,624 727 663 5,658 2,924 2,588 14,720 1,292 646 Cranwood 1,292 (a) Tennis Management LimitedTML 60%40%Spectrum International Holding LimitedSpectrum High Court of Justice TML TMLTML ATP WTA Modern Perfect Developments LimitedModern Perfect TML Spectrum Spectrum Venancio LincolnVenancio Venancio Spectrum Plus LimitedSpectrum VenancioTOM Modern Perfect6,880,000 53,700,000Spectrum TML40% TML TML Spectrum TML TML 28,000,000

33 (b) 2,407,00018,800,000 TOM

34 XV XV78 352 10,000,000 10,000,000 0.26% 5,898,000 5,898,000 0.15% 2 1 300,000 300,000 0.01% 1. Amerinvest Technology Associates I Limited5,898,000 Amerinvest Technology Associates I Limited 2. 5,898,000

35 30/6/2000 3,000,000 30/6/2000 29/6/2010 5.27 1 8/8/2000 2,138,000 8/8/2000 7/8/2010 5.30 2 7/2/2002 20,000,000 7/2/2002 6/2/2012 3.76 3 9/10/2003 38,000,000 9/10/2003 8/10/2013 2.505 4 9/10/2003 15,000,000 9/10/2003 8/10/2013 2.505 5 15/11/2000 15,000,000 15/11/2000 14/11/2010 5.30 6 11/2/2000 9,080,000 11/2/2000 10/2/2010 1.78 7 9/10/2003 6,850,000 9/10/2003 8/10/2013 2.505 8 1. 2. 3. 40% 30% 30% 4. 20,000,000 6,000,000 6,000,000 6,000,000 TOM

36 5. 1/3 1/3 1/3 6. 20% 30% 50% 7. 20% 30% 50% 8. 850,000 2,000,000 2,000,000 83,142 83,142 0.002% 5,000,000 5,000,000 0.119% Amerinvest Technology Associates I Limited 83,142 TOM Amerinvest Technology Associates I Limited

37 TOMTOM 16/2/2004 165,000,000 16/2/2004 15/2/2014 1.50 10% 15% 20% 25% 30% 20% 2,200,000 2,200,000 80%8,000,000 8,000,000 XVXV78 352 TOM

38 184,663,000 16,196,000 11/2/2000 9,080,000 9,080,000 11/2/2000 1.78 10/2/2010 11/2/2000 7,116,000 7,116,000 11/2/2000 1.78 10/2/2010 16,196,000 16,196,000 20% 30% 50%

39 168,467,000 30/6/2000 3,000,000 3,000,000 30/6/2000 5.27 1 29/6/2010 8/8/2000 2,138,000 2,138,000 8/8/2000 5.30 7/8/2010 15/11/2000 15,000,000 15,000,000 15/11/2000 5.30 14/11/2010 7/2/2002 20,000,000 20,000,000 7/2/2002 3.76 6/2/2012 9/10/2003 59,850,000 59,850,000 9/10/2003 2.505 8/10/2013 23/3/2000 2,068,000 84,000 1,984,000 23/3/2000 11.30 2 22/3/2010 31/5/2000 2,332,000 2,332,000 31/5/2000 4.685 30/5/2010 26/6/2000 886,000 64,000 822,000 26/6/2000 5.89 3 25/6/2010 8/8/2000 13,488,000 46,000 1,710,000 11,732,000 8/8/2000 5.30 4 7/8/2010 7/2/2002 10,000,000 10,000,000 7/2/2002 3.76 6/2/2012 9/10/2003 43,995,000 40,000 14,000 43,941,000 9/10/2003 2.505 5 8/10/2013 16/2/2004 10,000,000 10,000,000 16/2/2004 2.55 6 15/2/2014 182,757,000 234,000 14,056,000 168,467,000 1. 2. 50% 50% 3. 50% 50% 4. (i)(ii) 5. (i) (ii) (iii) TOM

40 (iv) 1/3 1/3 1/3 6. 1/4 1/4 1/4 1/4 TOM 273,828,914 TOM TOM 255,828,914 TOM 16/2/2004 165,000,000 165,000,000 16/2/2004 1.50 1 15/2/2014 16/2/2004 97,425,040 6,596,126 90,828,914 16/2/2004 1.50 2 15/2/2014 262,425,040 6,596,126 255,828,914 1. 2. 15% 25% 30% 30% 10% 30% 30% 30% (i)(ii)

41 18,000,000 TOM 11/5/2005 18,000,000 18,000,000 11/5/2005 1.204 1 10/5/2015 2 1. 15% 25% 30% 30% 2. TOM1.22 2 - Black-Scholes model (%) 2.07-4.22 ( ) 1-7.01 0 (%) 46-64 0.55-1.16 21,188,000 25,758,000 TOM

42 336 1,429,024,545 (L) 36.74% 1 2 Li Ka-Shing Unity Trustee 1,429,024,545 (L) 36.74% Corporation Limited 1 2 The Li Ka-Shing Unity Discretionary Trust Li Ka-Shing Unity Trustcorp Limited 1,429,024,545 (L) 36.74% 1 2 Li Ka-Shing Unity Trustee 1,429,024,545 (L) 36.74% Company Limited 1 2 The Li Ka-Shing Unity Trust 1,429,024,545 (L) 36.74% 1 2 Cheung Kong Investment 476,341,182 (L) 12.25% Company Limited 1 476,341,182 (L) 12.25% 1

43 Sunnylink Enterprises Limited 476,341,182 (L) 12.25% 1 Romefield Limited 476,341,182 (L) 12.25% 1 952,683,363 (L) 24.49% 2 952,683,363 (L) 24.49% 2 Easterhouse Limited 952,683,363 (L) 24.49% 2 952,683,363 (L) 24.49% 3 Cranwood Company Limited 952,683,363 (L) 24.49% 3 Schumann International Limited 580,000,000 (L) 14.91% 3 Handel International Limited 348,000,000 (L) 8.95% 3 Lehman Brothers Holdings Inc. 371,263,047 (L) 9.54% 125,500,004 (S) 3.23% 4 Lehman Brothers U.K. Holdings 339,062,474 (L) 8.72% (Delaware) Inc. 125,500,004 (S) 3.23% 4 TOM

44 Lehman Brothers Spain 339,062,474 (L) 8.72% Holdings Limited 125,500,004 (S) 3.23% 4 Lehman Brothers Luxembourg 339,062,474 (L) 8.72% Investments Sarl 125,500,004 (S) 3.23% 4 Lehman Brothers UK 339,062,474 (L) 8.72% Holdings Limited 125,500,004 (S) 3.23% 4 Lehman Brothers Holdings Plc. 339,062,474 (L) 8.72% 125,500,004 (S) 3.23% 4 Lehman Brothers International 339,062,474 (L) 8.72% (Europe) 125,500,004 (S) 3.23% 4 (L) (S) (1) Romefield Limited Sunnylink Enterprises Limited Cheung Kong Investment Company Limited Cheung Kong Investment Company Limited Sunnylink Enterprises LimitedRomefield Limited 476,341,182 Li Ka-Shing Unity Holdings Limited Li Ka-Shing Unity Trustee Company Limited Li Ka-Shing Unity Trustee Company Limited The Li Ka-Shing Unity TrustLi Ka-Shing Unity Trustee Company Limited The Li Ka- Shing Unity Trust

45 Li Ka-Shing Unity Holdings LimitedLi Ka-Shing Unity Trustee Corporation LimitedTDT1The Li Ka-Shing Unity Discretionary TrustDT1Li Ka-Shing Unity Trustcorp LimitedTDT2 DT2TDT1 TDT2The Li Ka-Shing Unity Trust (2) Easterhouse Limited Easterhouse Limited 952,683,363 DT1 DT2Li Ka-Shing Unity Trustee Corporation Limited Li Ka-Shing Unity Trustcorp Limited Li Ka-Shing Unity Trustee Company LimitedRomefield Limited Easterhouse Limited 476,341,182 952,683,363 (3) Schumann International Limited Handel International LimitedCranwood Company Limited Cranwood Company Limited Cranwood Company Limited24,683,363 Schumann International Limited Handel International Limited580,000,000348,000,000 Cranwood Company Limited Schumann International Limited Handel International Limited24,683,363580,000,000348,000,000 (4) Lehman Brothers International (Europe) Lehman Brothers Holdings Plc. Lehman Brothers UK Holdings LimitedLehman Brothers UK Holdings Limited Lehman Brothers Luxembourg Investments Sarl Lehman Brothers Spain Holdings LimitedLehman Brothers Spain Holdings Limited Lehman Brothers U.K. Holdings (Delaware) Inc. Lehman Brothers Holdings Inc. Lehman Brothers Holdings Inc. Lehman Brothers U.K. Holdings (Delaware) Inc. Lehman Brothers Spain Holdings Limited Lehman Brothers Luxembourg Investments Sarl Lehman Brothers UK Holdings Limited Lehman Brothers Holdings Plc. Lehman Brothers International (Europe) 339,062,474125,500,004 Lehman Brothers Holdings Inc. Lehman Brothers Finance S.A. Lehman Brothers Commercial Corporation Asia Limited Lehman Brothers Inc.7,856,10421,991,528 2,352,941 5% TOM

46 4.55% ChinaEC.comyabuy.com 1%

47 B.1.1B.1.3C.3.3D.2.1 B.1.1B.1.3 B.1.3 B.1.3 C.3.3 C.3.3 D.2.1 TOM

48