689943 (Project 3M)_.indb

OURGAME INTERNATIONAL HOLDINGS LIMITED GLOBAL OFFERING

OURGAME INTERNATIONAL HOLDINGS LIMITED * 196,000,000 19,600,000 176,400,000 4.801% 0.003%0.005% 0.00005 06899 342C 4.80 3.70 S *

(2)..................................... (2)........... www.eipo.com.hkeipo (3)....................... eipo....................................................................................................................................................... www.iporesults.com.hk.............. www.hkexnews.hk www.ourgame.com..................... (5)............... (4)........................... (1) (2) (3) www.eipo.com.hk (4) (5) i

................................................................... i......................................................................... ii......................................................................... 1......................................................................... 13................................................................... 23..................................................................... 24........................................................ 48............................................. 51................................................ 53..................................................................... 57..................................................................... 63........................................................ 74......................................................................... 89..................................................................... 130............................................................ 147..................................................................... 149............................................................ 153..................................................................... 160......................................................................... 161..................................................................... 163..................................................................... 165...................................................... 207 ii

......................................................................... 208.............................................................. 217........................................................ 224.......................................................... I-1................................................ II-1..................................... III-1...................................................... IV-1....................................... V-1 iii

(1) PC39651 200 14207 1 (1) 62 1

PC % % % % % PC................ 39,796 25.9 60,138 29.2 70,685 29.9 13,029 28.2 28,201 30.3..................... 32,454 21.1 62,780 30.5 62,604 26.5 13,564 29.4 22,436 24.1.................. 10,235 6.6 13,194 6.4 26,932 11.4 6,031 13.1 9,398 10.1...... 8,317 5.4 8,477 4.1 18,124 7.7 2,640 5.7 6,456 6.9........ 90,802 59.0 144,589 70.3 178,345 75.5 35,264 76.3 66,491 71.5................... 16,458 10.7 14,275 6.9 17,748 7.5 4,130 8.9 6,195 6.7.......... 40,774 26.5 33,241 16.2 14,576 6.2 4,703 10.2 2,038 2.2 PC................ 148,034 96.2 192,105 93.3 210,669 89.2 44,097 95.4 74,724 80.4................... 3,829 2.5 6,571 3.2 15,628 6.6 941 2.0 17,314 18.6.......... 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0 (1).................... 153,948 100.0 205,810 100.0 236,300 100.0 46,202 100.0 92,989 100.0 (1) 59.0% 80.2%84.7% 26.5%6.2%7.3% 13.2%9.4% 7.0% 2.5%6.6% 18.6% 2

PCPC 20040252010 ourgame.comlianzhong.com30360 PC ios % % % % %................... 146,803 95.4 185,228 90.0 159,215 67.4 40,085 86.8 55,644 59.8............... 3,829 2.5 8,539 4.1 66,064 28.0 4,473 9.7 26,917 28.9..................... 1,231 0.8 4,909 2.4 1,018 0.4 480 1.0 9,477 10.2............ 5,060 3.3 13,448 6.5 67,082 28.4 4,953 10.7 36,394 39.1.......... 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0 PC 20 PCPC PC500,000 1.2 3

% % % % %................... 27,877 18.1 41,674 20.2 92,189 39.0 13,064 28.3 42,654 45.9................. 92,837 60.3 117,129 56.9 49,273 20.9 23,944 51.8 10,693 11.5................. 5,113 3.3 9,392 4.6 67,014 28.4 4,606 10.0 23,094 24.8............... 26,036 16.9 30,481 14.8 17,821 7.5 3,424 7.4 15,597 16.8.......... 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0 PC 4.89.99.8 7.9 14.1 PC 153.9 236.323.9% 46.2101.3% 93.026.540.5 23.5%1.8 21.6 25.3 26.739.914.1 54.4%48.4%50.0%45.5% Smile Game Co., Ltd. 4

9095 9597 20.02% Sonic Force Limited (1) 13.49% Blink Milestones Limited (2) 6.53% 15.11% Elite Vessels Limited (3) 15.11% 8.09% Prosper Macrocosm Limited (4) 8.09% 2.70% Golden Liberator Limited (5) 2.70% 45.91% (1) (2) (3) (4) (5) 5

45.91% Elite Vessels LimitedSonic Force LimitedBlink Milestones Limited Prosper Macrocosm LimitedGolden Liberator Limited 147148 (1) (2) (3) (4) 100% 1. 2. 130146 6

% % % % %....................... 153,948 100.0 205,810 100.0 236,300 100.0 46,202 100.0 92,989 100.0................... (46,546) (30.2) (55,283) (26.9) (79,803) (33.8) (14,486) (31.4) (31,104) (33.4)....................... 107,402 69.8 150,527 73.1 156,497 66.2 31,716 68.6 61,885 66.6................... 5,703 3.7 3,144 1.5 4,649 2.0 112 0.2 471 0.5........ (29,109) (18.9) (45,971) (22.3) (45,476) (19.2) (11,268) (24.4) (10,924) (11.7) (1)................. (25,458) (16.5) (29,895) (14.5) (34,714) (14.7) (8,074) (17.5) (15,632) (16.8)........ (1,049) (0.5) (490) (0.2) (440) (1.0) (3,056) (3.3)................... (27,365) (17.8) (39,591) (19.2) (35,699) (15.1) (9,866) (21.4) (7,833) (8.4)................... (128) (0.1) (2) (0.0)............ 31,045 20.2 37,163 18.1 44,767 18.9 2,180 4.7 24,911 26.8................. (4,499) (2.9) (6,198) (3.0) (4,306) (1.8) (398) (0.9) (3,357) (3.6)............... 26,546 17.2 30,965 15.0 40,461 17.1 1,782 3.9 21,554 23.2.......... 20,988 13.6 29,291 14.2 35,052 14.8 1,613 3.5 21,552 23.2................. 5,558 3.6 1,674 0.8 5,409 2.3 169 0.4 2 0.0 26,546 17.2 30,965 15.0 40,461 17.1 1,782 3.9 21,554 23.2 (2)............. 20,988 13.6 30,204 14.7 37,261 15.8 1,996 4.3 30,178 32.5 (1) 1.85.6 (2) (i) (ii) 7

................................... 301 636 1,169 985.......................... 5,988 11,674 35,742 52,494.......................... 16,226 10,253 22,725 21,725........................ 31,681 95,587 58,716 95,069............................. 87,229 118,150 148,352 179,273.......................... 12,715 12,013 12,498 13,906.......................... 11,434 12,502 15,331 19,315............................... 24,953 20,720 29,467 28,179............................. 49,316 47,609 58,780 64,469............................. 37,913 70,541 89,572 114,804............................. 24,637 37,663 59,644 58,426................................. 111,866 155,813 207,996 237,699.............................................................. 49,316 47,609 58,780 64,469................................. 62,550 108,204 149,216 173,230 (1)............................. 1.77 2.48 2.52 2.78 (2)............................. 1.76 2.47 2.50 2.77 (%) (3)............... 53.9 36.3 31.4 1.6 13.4 (%) (4)............. 22.6 23.1 22.2 1.1 9.7 (1) (2) (3) 100% (4) 100% 165206 8

PC................... 916 2,179 3,222 3,115 3,354..................... 748 1,116 1,490 1,361 1,888................. 15 32 56 28 108................. 3,107 4,396 5,126 5,118 4,486 PC..................... 4,786 7,723 9,894 9,622 9,836 (1).................. 1,361 (2) 10,466 7,886 14,119........................ 4,786 9,084 20,360 17,508 23,955 (1) (2) PC PC... 166.2 192.5 256.5 206.6 309.0........... 45.0 62.4 57.9 56.6 71.7 (1)... 105.7 (2) 259.4 (3)........... 12.6 (2) 15.7 (3) (1) (2) Java 76.8%23.2% (3) 70.7% 29.120.6 9

A A CMC Ace Holdings LimitedCMC 85,714,2840.00005A 57,142,856CMC28,571,428 20.00%10.00% 49,140,049.14 0.573300584.44 2.16 3.704.80 49.19% 80 8287 (i)196,000,000 (ii) (iii)784,000,000 3.70 4.80......................................... 2,900.8 3,763.2.................................... 1.06 1.32 10

0.34398035 2.6750,042,553 6% 0.16714303 6.38% Blink Milestones 290.127560.16 25,009,600 0.32%Blink Milestones 4.253.704.80 759.9 % 228.0 30 152.0 20 190.0 25 114.0 15 76.0 10 11

103.4 2447 24.77.2 17.5 7.4 10.1 204 12

13

32 662 Ourgame International Holdings Limited Elite Vessels LimitedSonic Force Limited Blink Milestones LimitedProsper Macrocosm Limited Golden Liberator Limited 14

eipo 19,600,000 15

1%0.003% 0.005% 571 Sonic Force LimitedElite Vessels Limited ICP (a)144a (b)s 16

176,400,000 Lianzhong International Company Limited Lianzhong Treasury Land Co., Ltd.Lianzhong Taiwan Company Limited) 17

1% 0.003%0.005% 18

4.803.70 30 29,400,000 15% CMC Ace Holdings Limited A 19

200 50 300 75 S S 144A 144A A 0.0000585,714,284 Sonic Force LimitedBlink Milestones LimitedElite Vessels LimitedProsper Macrocosm Limited Iconic Ocean LimitedGolden Liberator Limited Celestial Radiant Limited CMC Ace Holdings Limited 20

0.00005 2 VATS eipo eipowww.eipo.com.hk eipo % 1.000.79486 21

1.006.2498 H.10 22

23

(i)(ii)(iii) (iv) 53.6%66.1%72.9%77.7% PCPC PC 166,200192,500256,500309,000 PC3.5%2.5%2.6%3.1% 105,7000.9% 259,4001.8% 24

53.6%66.1%72.9%77.7% PC PC200 90%80% PC PC PC PCourgame.comlianzhong.com 30 360 (g.10086.cnfeixin.10086. cn/game) 25

360PPS PC 32.9121 7.9 14.1 PC PC 3.815.6102.0% PC19.3% PCPC 26

PC WPT 14(World Bridge Series Championships) 27

18 28

(Bianfeng Games)(Boyaa Interactive)(Poker City)(JJ World) PC 10.2%9.1%5.5%5.7%7.0%8.0% 29

29.0%37.0% 25.8%24.0% 30

14.21% 35 30 20,000 21935 30 31

35 34 35 35 4.9% 32

AI 1.0 490,000Blink Milestones Blink Milestones12,152,381 4.25% 33

1.55% 6.38% 3.1 25% 15% 10% 10% 15%25% 34

VATS VATS VATS VATS 50% 35

(i)(ii) 36

37

100% 15% 10% 25% 38

15% 25% 39

30 2% 1.5%3.0% 1% 2% 40

142 142 41

59 45 75 75 7575 75 42

698 698 10% 698 43

698 698698 6 44

25% 82 82 82 82 82 10% 10% 10% 45

20% 46

47

14A 8.12 8.12 (i) 3.05 16 158 (ii) (a)(b) (iii) (iv) 3A.19 13.46 48

(v) 3.28 3.282 (a) (b) 159 (c) 50 (a) (b) (c) 3.29 (d) 8.173.28 3.28 49

3.28 3.288.17 3.288.17 3.288.17 50

A 51

Maple Fund Services (Cayman) Limited 0.79486 1.00 52

2102703 57/D 1 21611 1 1072105 1-9-2702 1 16H 501 2603 10 1207 I 61B 53

2 22 2 22 1 29 15 42 1 20 100020 15 26 1 C1906 100738 54

2812 45 33 1B17 PO Box 309 Ugland House Grand Cayman, KY1-1104 Cayman Islands 16 15 8 www.ourgame.com 1 ACISACS 15 8 Maples Fund Services (Cayman) Limited PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman, KY1-1102, Cayman Islands 55

183 171712 1716 9 191904 101 1 76 56

300,000 (i)(ii) (iii) 24.756.9 57

58 14.9% 6,28024,565 CNNIC 2.1 6.1819.7% 16.0%45.8% 16.0% 22.6% 28.9% 34.3% 38.3% 42.1% 45.8% 0% 20% 40% 60% 0 250 500 750 1,000 (%) 2013 2012 2011 2010 2009 2008 2007 618 564 513 457 384 298 210 CNNIC 637 2,63160.4% 8,62248.5% 80.7340.5105.5% 90% 538.2 16.5%

1,000 800 600 642.1 862.2 600 500 400 340.5 421.2 481.4 538.2 400 263.1 432.7 300 200 175.5 200 63.7 86.1 156.5 100 80.7 0 2010 2011 2012 2013 2014F 2015F 2016F 0 2011 2012 2013F 2014F 2015F 2016F 338 391 84229.2%1,525 21.6% PC PC 80% PC PC358 72126.3%1,098 15.1% 338.4%121 14.4%54.3% 42728.0% 52.3% 59

160 PC 152.5 140 131.9 42.7 120 109.4 33.8 100 80 60 40 20 39.1 3.3 35.8 45.9 4.1 41.8 61.8 5.4 56.4 84.2 12.1 72.1 23.8 85.6 98.1 109.8 0 2010 2011 2012 2013 2014F 2015F 2016F 68 14027.2%PC178 2095.5% 28727.0% PC 13 2623.7%47 22.3% PC 60

270 89349.0%PC 111715.4% 21 33.0%PC 26 15.7% 600 PC 530 5.0 4.5 PC 4.7 500 458 4.0 3.9 400 300 200 100 271 246 82 68 178 189 349 308 140 109 199 209 400 227 180 220 231 287 243 3.5 3.0 2.5 2.0 1.5 1.0 0.5 1.3 0.3 1.0 2.0 1.7 0.6 0.3 1.4 1.4 2.6 0.9 1.7 3.2 1.3 1.9 1.6 2.3 2.1 2.6 0 2010 2011 2012 2013 2014F 2015F 2016F 0 2010 2011 2012 2013 2014F 2015F 2016F 61

80% PC 1 2 (1) 3 4 (1) (1) 5 6 (1) (i)(ii) PC 1 2 3 4 5 6 62

ICP ICP VATS ICPVATS 50% 63

50% ICP ICP ICP 30 20,000 64

65

18 (a)(b) (c) (d) 14 (a) (b) (c)(d) (a) (b) 66

(i) (ii)(iii) 180(iv) 180 67

(a)(b)(c) (d)(e) ICPICP 60 IP 68

75 75 75 (a) (b) (i)(ii) 2012-59 2012-59 21 21 142 142 69

(i)(ii) 142142 59 4545 14259 45 (a)(b) (c) 10% 50% 70

25% 10% (a)(b) 10% 10% 5% 81 71

5% 17% 6% 72

73

16 PC Sino Power Management LimitedNHN CorporationNHNNHN-PCCS HK Ltd. NHN Global Ltd.NHN NHN 68.19% 79.1% PC 74

PC (China-Korea Online Go Tournament) 12,000 3D R2 WPT(WPT National China) WPT (World Bridge Federation) 14 (World Bridge Series Championships) 50 75

1650,000 50,0001.0010,000.00 10,0001.003,0002,679870 1,607761536547Elite Vessels Limited 100%Sonic Force Limited100%Blink Milestones Limited 100%Prosper Macrocosm Limited100%Iconic Ocean Limited100%Golden Liberator Limited100% Celestial Radiant Limited100%30.00% 26.79%8.70%16.07%7.61%5.36%5.47%1 20,0000.00005 60,000,00070,980,00032,140,00015,220,00010,720,000 10,940,000 2,450,3202,188,136 1,312,556621,564437,790446,776 3.73%Blink Milestones LimitedBlink Milestones Limited CMC 10,00010,0001.00 350,000 500,000 76

33.4%33.3%33.3% 500,000 72,000,000 500,0002,500,000 2,000,000 79%7%7%7% 1,690,000 67.6% 67.6%11.4%7%7%7% 310,0001,690,000 79% 10,000,00079% 21% 21% NHNNHN-PCCS HK Ltd.NHN Global Ltd. 31,374,018.80 29% 50% 3,850,00021.7% 33,123,018.846.49% 68.19% 21,280,00028.3% 96.49% 3.51% 47,389,203 77

6.00%4.83%5.87% 9.39%17.60%29.34%23.47% 6.00%8.34%5.87% 9.39%17.60%29.34%23.47% 1,111,111.11 11,111,111.11 10.00%5.40% 7.50%5.28%8.45%15.84%26.40%21.12% 1,660,280.97 12,771,392.08 8.70%13.00%4.70%6.53%4.59%7.35%13.78%22.97%18.38% 12,771,392.08 72,000,000 18.38%22.97% 13.78%7.35%6.53%4.59%4.70%8.70%13.00% 2,000,00051%49% 78

10,000,000 100100 100780,000780,0001,780,000 Lianzhong Taiwan Company Limited Lianzhong Taiwan Company Limited Lianzhong Treasury Land Co., Ltd100 100 5,000,000 1,000,000 1,000,000 75 75 79

(1) (2) 22.97% 18.38% 13.78% 7.35% 6.53% 4.59% 4.70% 8.70% 13.00% (1) (2) 8.7% 13% 34,160,000 8.57%7.35% 1.22% 12,083,582.62 80

5.48%4.70% 0.78% 5,698,505 35.49%30.00% 16.07%7.61%5.36%5.47% (3) (3) (3) (3) 100% 100% 100% 100% 100% Elite Vessels Limited Sonic Force Limited Blink Milestones Limited (1) Prosper Macrocosm Limited Iconic Ocean Limited 100% 100% Golden Liberator Limited Celestial Radiant Limited 28.77% 25.70% 12.43% 15.41% 7.30% 5.14% 5.25% 100% 100% 100% 100% 30% (4) 35.49% 16.07% 100% 100% 51% 7.61% (2) 5.36% 5.47% 81

(1) Blink Milestones Limited12.43% (2) (3) (4) 14.21% CMC Ace Holdings LimitedCMC A A 85,714,2840.00005A 57,142,856CMC28,571,428 20.00%10.00% 49,140,049.14 0.573300584.44 2.16 3.704.80 49.19% 300 Elite Vessels LimitedSonic Force LimitedProsper Macrocosm LimitedIconic Ocean LimitedGolden Liberator LimitedCelestial Radiant Limited 24,000 3.5 82

A CMC 15.00%7.50% CMCCMC Capital Partners, L.P. CMCCMC 10% 5% CMC10%CMC 8.08 (i)(ii)a (iii)a 8.24 A AA30%A A CMC 40% 20%40% A 83

500 AA A AA Elite Vessels LimitedSonic Force LimitedBlink Milestones LimitedProsper Macrocosm LimitedIconic Ocean LimitedGolden Liberator LimitedCelestial Radiant Limited A A 84

(a) 24(b) (24)(i) (ii)(iii) Elite Vessels LimitedSonic Force LimitedBlink Milestones LimitedProsper Macrocosm LimitedIconic Ocean Limited Golden Liberator LimitedCelestial Radiant Limited 12% A 180 85

A 80 Elite Vessels LimitedSonic ForceLimitedBlink Milestones LimitedProsper Macrocosm LimitedIconic Ocean Limited Golden Liberator LimitedCelestial Radiant Limited (a) (b) (c) (i)cmc(20%) 10 80 (ii)(10%) 10 80 100 (i) (ii)(iii)(i)(ii) (i) (ii) (iii) 39 86

A(a) 6(b)(c) (d) HKEx-GL43-12HKEx-GL44-12 CMC (a)(b)(c) 15.97% 3.51%5,000,0002,000,000 1,142,857.14 14.21% 87

15,114.29 211,600,00090,685,716A (1) (1) (1) (1) 100% 100% 100% 100% 100% 100% 100% Elite Vessels Limited Sonic Force Limited Blink Milestones Limited Prosper Macrocosm Limited Iconic Ocean Limited Golden Liberator Limited Celestial Radiant Limited CMC 15.11% 13.49% 6.53% 8.09% 3.83% 2.70% 2.75% 7.50% 15.00% 25.00% 100% 100% 100% 100% 30% (3) 35.49% 16.07% 100% 100% 51% 7.61% (2) 5.36% 5.47% 100% 100% (1) (2) (3) 14.21% 88

PC PC2004025 2010 ourgame.comlianzhong.com30 360PC PC ios PC PC20PC PC 59.0%80.2% 84.7% 26.5%6.2%7.3% 13.2%9.4% 7.0% 2.5% 6.6%18.6% PC500,000 PC396,496,87851,400,857 89

200 SDK AI PC 4.89.99.8 7.9 14.1 PC153.9 236.323.9% 46.2101.3% 93.026.5 40.523.5% 1.821.6 90

(1) PC PCPC200 6.7 PC ourgame.com lianzhong.com30pc360 360 PC 20PCPC PC PC 4.89.99.8 7.9 14.1 2540 153.9 236.323.9% 46.2101.3%93.0 3.8 15.6102.0% 0.917.3 (1) 91

PC209 5%140 25% 500,0001,00050 1.23,000100 1086 14 92

200 40252010 PCPC 12 PC 0.93.23.4 6.6 11.8 PC 93

1.0 360 SDK PC AI AI AIPC 94

15 IBM 10 3.8 15.60.9 17.3 PC ios PC 95

PC PC PC PC 96

55% Partner s ClubPartner s ClubPartner s Club Partner s Club Partner s Club 200 97

59.0%80.2% 84.7% PC PC flash PC 13.2% 9.4%7.0% PC 85.5%90.4%75.2%74.2% 20%65% 12 26.5%6.2% 7.3% PC 40%60% 98

% % % % %.................. 90,802 59.0 144,589 70.3 189,405 80.2 35,264 76.3 78,729 84.7......................... 20,287 13.2 20,846 10.1 22,316 9.4 5,071 11.0 6,525 7.0................ 40,774 26.5 33,241 16.2 14,576 6.2 4,703 10.2 6,784 7.3.............. 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0.................. 14 20 7 1.................... 5 3 6 0................ 3 3 2 3 14 99

PC PC PC ios 50 12 PC0.9 3.23.4 6.6 11.8 PC 10 100

PC PC 1.55.61 10.77 500,0001.2 PC 14 PC 29PC PC0.7 1.5 1.9 ios 0.2 1.7 2.2 101

PC 16 AI 102

ios R2Kim Dae-il3D NHN Entertainment Corporation 103

PC PC ios PC PC20PC PC20040 252010 451.2 ourgame.com lianzhong.com 9030 360 80flash 30%70%30 104

12 ios ios m.lianzhong.com 360 100.0% 100.0%94.0%52.5%30% 90 30%50% 360 % % 1 146,803 95.4 2 3,829 2.5 3 1,161 0.8 105

% % 1 185,228 90.0 2 8,539 4.2 3 4,607 2.2 % % 1 159,215 67.4 2 66,064 28.0 3 360 521 0.2 360 360 % % 1 55,644 59.8 2 26,917 28.9 3 629 0.7 1.36.45.30.7 0.8%3.1%2.2%0.8% 106

1,000 50050 500,000 3,000500 1000100 1.2 10 86 107

PC 11010 10,000 30180180 1180 130 519 1.3 108

30 (i)(ii) 20PCPC PC 70% 109

110 1% 30 4%6% PC 30% 50% 90

20 200 3,0001,000 4%6% 7% 11%7% 9%5% 9%4% 7% 15413567 60.3%20.9% 11.5% 111

% % 1........ 15,652 10.2 2........ 12,138 7.9 3........ 12,059 7.8 4............ 10,781 7.0 5........ 7,598 4.9 % % 1........ 18,693 9.1 2............ 16,560 8.0 3...... 10,557 5.1 4...... 8,901 4.3 5... 8,174 4.0 112

% % 1....... 68,474 29.0 2... 60,898 25.8 3... 13,068 5.5 4 A...... 8,351 3.5 A 5....... 6,457 2.7 % % 1....... 34,371 37.0 2... 22,277 24.0 3... 5,260 5.7 4 A...... 2,609 2.8 5....... 2,215 2.4 17.8%19.2%15.1%8.4% 4.1%4.8%5.2%3.2% 27055% 50% 113

PC 114

30 PC 115

SDK AI AI AI AI AI 773 116

PC14.3 13.1 91.8% 1561........................ 2,500 2,600 8,000...................... 556 3,500 992 (1)...... 1,050 3,718 1,478 (1) 117

NHN Entertainment Corporation60NHN Entertainment Corporation Smile Game Co., Ltd.Smile Game30Smile Game PC 118

90 25.326.7 39.914.154.4%48.4% 50.0%45.5% 18.1%14.3%25.4%22.6%Smile Game PC 5% PC 4.820.4 24.0 1.410.5 14.1 PC 119

PC................... 916 2,179 3,222 3,115 3,354..................... 748 1,116 1,490 1,361 1,888................. 15 32 56 28 108................. 3,107 4,396 5,126 5,118 4,486 PC..................... 4,786 7,723 9,894 9,622 9,836 (1).................. 1,361 (2) 10,466 7,886 14,119........................ 4,786 9,084 20,360 17,508 23,955 (1) (2) 5% 2540 15 6024 24 24 120

180 PC 18812 121

15 3093 28 AI 5,018.39 5.01(2) 32L6(2) 34(2) 342(1)(b) 15% 502........................................... 279 55.6........................................... 140 27.9......................................... 83 16.5............................................... 502 100.0 122

524 1.0490,000 6% 3.1 44188% 123

35 ICP............ VATS.......................... 124

VATS VATS 90 VATS 71-14148 VATS 125

68% 5,000 5,000 VATSICP 30 20,000 21935 30 35 35 34 35 30 34 126

35 35 35 35 4.9%35 3020,000 700,000 0.5% (i)35 34(ii) 35 127

30 (i) (ii) 128

3A.15(5) 129

ICPVATS FITE FITE 50% (i) (ii) 130

Partner s ClubJosé Damiani Partner s Club Partner s Club 4,000,000 784,000 VATSVATS VATSVATS VATS VATS (1) (2) (3) 131

(i) (ii) (iii) 132

(1) 1 (2) 2 (3) 3 (4) 4 6 5 5 100% 1. 2. 3. 4. 5. 6. 7. 133

100% (i) (ii)(iii)(iv) (i) (ii) (iii) 134

135

(i) (ii) 136

137

(i) (ii) 138

101 (a) (b) (c) (d) (e) (f) (g) 139

(h) (i) (j) (i)(ii) 140

(i) (ii) (iii) 141

(a) 1) 2)3) 4) 5) (b) 1)2)4)5) (c) (d) 142

(a) (b) (c) 35 (d) (e) (f) (g) (h) 143

(i) (ii)(iii) (iv)(v) (i)(ii) (iii)(iv) (i) (ii)(iii) (i) (ii) (iii) 144

(i) (ii) (iii) (iv) 52 (i) (ii) 52(i) (ii) (iii)(iv)(v) 52 (i) (ii) (iii) (v) 52 (iv) (i) (ii) (iii) 4 145

52 10 100% 146

Elite Vessels Limited 15.11%Sonic Force LimitedBlink Milestones Limited20.02% Laney Co., Ltd. Prosper Macrocosm Limited 8.09%Golden Liberator Limited 2.70% 45.91%Elite Vessels Limited Sonic Force LimitedBlink Milestones LimitedProsper Macrocosm Limited Golden Liberator Limited 147

205 148

14A.3514A.3614A.4914A.71 14A.07(1) 35.49%30% 14A.07(4) 149

14A 14A 14A.105 (i) 14A(ii) (iii) (a) (b) (d) 14A (e) (c) (i) 150

(ii) (iii) (d) 14A (e) (i) (ii) (iii) (d) 14A 151

14A 14A.105 (i) 14A(ii) (iii) 14A (i)(ii) (iii) 152

42 45 46 51 42 32 42 51 153

38 42 (IBM) IBM MBPS Asia PacificSMBMBPS Asia Pacific MBPS Asia Pacific GCG 45 14.21% Grant Thornton LLP(senior associate)pcc Skyhorse Limited 0008 46 51 154

42 KONG TOM Online EMBA (Beijing Institute of Economics) 32 CMC Capital Partners (Morgan Stanley Private Equity Asia Division) 42 (Wangxiang Trust Co., Ltd.) 51 (General Planning Bureau) Advanced Micro Devices, Inc. AMD 38 175 DSI Holdings Pty Limited 155

16 13.51(2) 42 45 37 37 (China Mobile Communications Corporation)CHL941 (monternet division) 33 3613 156

3.2114 3 3.2514 3 14 5 3 8.12 157

8.12 (a) 2.113.05 (b) (i)(ii) (c) 3A.19 (d) 1,834,0002,442,0001,331,000 2,185,624 158

3A.19 3A.23 (a) (b) (c) (d) 13.10 13.46 159

XV23 10% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91%...................... (1) Elite Vessels Limited........... (1)...................... (1) Sonic Force Limited............ (1) Blink Milestones Limited....... (1)...................... (1) Prosper Macrocosm Limited..... (1)...................... (1) Golden Liberator Limited....... (1) CMC Ace Holdings Limited..... 117,600,000 15.00% (1) XV23 10% 160

1,000,000,000 50,000 285,714,284 14,285.7142 A 588,000,000 29,400 196,000,000 9,800 784,000,000 39,200 20% 161

10% 162

538.8 1,0003.704.254.80 10,476,2169,120,4718,075,417(i) 1.34%1.16%1.03%(ii)5.35%4.65%4.12% 8 163

164

(1) PC PC30 360PC ios PC PC20PC 59.0% 80.2%84.7% 26.5%6.2% 7.3%13.2% 9.4%7.0% 2.5%6.6% 18.6% (1) 165

200 PC 4.89.99.8 7.9 14.1 PC153.9 236.323.9% 46.2101.3% 93.026.5 40.523.5% 1.821.6 166

18 200 PC PC PCPC 0.93.2 3.4 6.611.8 1.1 2.2PC 167

PC PC... 166.2 192.5 256.5 206.6 309.0........... 45.0 62.4 57.9 56.6 71.7 (1)... 105.7 (2) 259.4 (3)........... 12.6 (2) 15.7 (3) (1) (2) Java 76.8%23.2% (3) 70.7% PC166.2192.5 256.5309.0 PC45.062.4 57.971.7 PC PCPC PC PCPC 56.671.7 0.6%1.8% 9.915.7 168

26.5%16.2%6.2% 7.3%PC 59.0%70.3% 80.2%84.7% 13.2%10.1%9.4%7.0% 30.2%26.9%33.8%33.4% PC 6.5%7.1%13.0%16.6% 1.1%1.7%9.6%7.6% PC 169

(i)(ii)(iii) 23 PC PC PC PC PCourgame.comlianzhong.com 360 170

(i)(ii) 10% 171

45 PC PC ios 172

18 PC 173

PC PC 174

(a) (b) (a) (b) (i)(ii) 175

% % % % %....................... 153,948 100.0 205,810 100.0 236,300 100.0 46,202 100.0 92,989 100.0................... (46,546) (30.2) (55,283) (26.9) (79,803) (33.8) (14,486) (31.4) (31,104) (33.4)....................... 107,402 69.8 150,527 73.1 156,497 66.2 31,716 68.6 61,885 66.6................... 5,703 3.7 3,144 1.5 4,649 2.0 112 0.2 471 0.5........ (29,109) (18.9) (45,971) (22.3) (45,476) (19.2) (11,268) (24.4) (10,924) (11.7) (1)................. (25,458) (16.5) (29,895) (14.5) (34,714) (14.7) (8,074) (17.5) (15,632) (16.8)........ (1,049) (0.5) (490) (0.2) (440) (1.0) (3,056) (3.3)................... (27,365) (17.8) (39,591) (19.2) (35,699) (15.1) (9,866) (21.4) (7,833) (8.4)................... (128) (0.1) (2) (0.0)............ 31,045 20.2 37,163 18.1 44,767 18.9 2,180 4.7 24,911 26.8................. (4,499) (2.9) (6,198) (3.0) (4,306) (1.8) (398) (0.9) (3,357) (3.6)............... 26,546 17.2 30,965 15.0 40,461 17.1 1,782 3.9 21,554 23.2.......... 20,988 13.6 29,291 14.2 35,052 14.8 1,613 3.5 21,552 23.2................. 5,558 3.6 1,674 0.8 5,409 2.3 169 0.4 2 0.0 26,546 17.2 30,965 15.0 40,461 17.1 1,782 3.9 21,554 23.2 (2)............. 20,988 13.6 30,204 14.7 37,261 15.8 1,996 4.3 30,178 32.5 (1) 1,7835,570 (2) (i) (ii) 176

PCPC lianzhong.comourgame.com30pc % % % % %............ 90,802 59.0 144,589 70.3 189,405 80.2 35,264 76.3 78,729 84.7................... 20,287 13.2 20,846 10.1 22,316 9.4 5,071 11.0 6,525 7.0.......... 40,774 26.5 33,241 16.2 14,576 6.2 4,703 10.2 6,784 7.3.......... 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0 PCPC PCPC 200PC 25 177

PC % % % % % PC................ 39,796 25.9 60,138 29.2 70,685 29.9 13,029 28.2 28,201 30.3..................... 32,454 21.1 62,780 30.5 62,604 26.5 13,564 29.4 22,436 24.1.................. 10,235 6.6 13,194 6.4 26,932 11.4 6,031 13.1 9,398 10.1...... 8,317 5.4 8,477 4.1 18,124 7.7 2,640 5.7 6,456 6.9........ 90,802 59.0 144,589 70.3 178,345 75.5 35,264 76.3 66,491 71.5................... 16,458 10.7 14,275 6.9 17,748 7.5 4,130 8.9 6,195 6.7.......... 40,774 26.5 33,241 16.2 14,576 6.2 4,703 10.2 2,038 2.2 PC................ 148,034 96.2 192,105 93.3 210,669 89.2 44,097 95.4 74,724 80.4................... 3,829 2.5 6,571 3.2 15,628 6.6 941 2.0 17,314 18.6.......... 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0 (1).................... 153,948 100.0 205,810 100.0 236,300 100.0 46,202 100.0 92,989 100.0 (1) PC PC PC PC3.6%24.4% 25.5% 178

% % % % %................... 146,803 95.4 185,228 90.0 159,215 67.4 40,085 86.8 55,644 59.8............... 3,829 2.5 8,539 4.1 66,064 28.0 4,473 9.7 26,917 28.9..................... 1,231 0.8 4,909 2.4 1,018 0.4 480 1.0 9,477 10.2............ 5,060 3.3 13,448 6.5 67,082 28.4 4,953 10.7 36,394 39.1.......... 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0 % % % % %......................... 27,877 18.1 41,674 20.2 92,189 39.0 13,064 28.3 42,654 45.9....................... 92,837 60.3 117,129 56.9 49,273 20.9 23,944 51.8 10,693 11.5....................... 5,113 3.3 9,392 4.6 67,014 28.4 4,606 10.0 23,094 24.8..................... 26,036 16.9 30,481 14.8 17,821 7.5 3,424 7.4 15,597 16.8................ 151,863 98.6 198,676 96.5 226,297 95.8 45,038 97.5 92,038 99.0 179

(i) (ii)(iii)(iv)(v) (vi) % % % % %..................... 9,958 6.5 14,673 7.1 30,625 13.0 4,100 8.9 15,399 16.6.................. 8,077 5.2 9,654 4.7 9,034 3.8 2,433 5.3 2,186 2.4.............. 4,655 3.0 4,051 2.0 4,237 1.8 1,020 2.2 1,706 1.8....................... 7,432 4.8 8,263 4.0 12,764 5.4 2,595 5.6 3,864 4.2......................... 7,998 5.2 10,738 5.2 10,544 4.5 2,360 5.1 4,038 4.3............................. 8,426 5.5 7,904 3.8 12,599 5.3 1,978 4.3 3,911 4.2............................. 46,546 30.2 55,283 26.9 79,803 33.8 14,486 31.4 31,104 33.4 1.6 3.522.77.11.1% 1.7%9.6%7.6% 107.4150.5156.561.9 69.8%73.1%66.2%66.6% 5.73.14.6471 3.7%1.5%2.0%0.5% 180

1.62.1 3.244 29.146.045.5 10.918.9%22.3%19.2%11.7% % % % % %................... 20,560 13.4 23,128 11.2 26,463 11.2 7,804 16.9 7,160 7.7............... 3,627 2.4 17,253 8.4 12,947 5.5 2,221 4.8 2,018 2.2....................... 4,922 3.2 5,590 2.7 6,066 2.6 1,243 2.7 1,746 1.9....................... 29,109 18.9 45,971 22.3 45,476 19.2 11,268 24.4 10,924 11.7 1.85.6 25.529.934.715.6 16.5%14.5%14.7%16.8% 181

% % % % %................... 10,162 6.6 12,215 5.9 14,084 6.0 3,954 8.6 4,526 4.9............ 5,834 3.8 7,473 3.6 9,223 3.9 2,298 5.0 2,374 2.6...... 1,783 0.8 5,570 6.0....................... 9,462 6.1 10,207 5.0 9,624 4.1 1,822 3.9 3,162 3.4....................... 25,458 16.5 29,895 14.5 34,714 14.7 8,074 17.5 15,632 16.8 27.439.635.77.8 17.8%19.2%15.1%8.4% % % % % %................... 23,599 15.3 34,968 17.0 31,945 13.5 8,785 19.0 7,301 7.9....................... 3,766 2.4 4,623 2.2 3,754 1.6 1,081 2.3 532 0.6....................... 27,365 17.8 39,591 19.2 35,699 15.1 9,866 21.4 7,833 8.4 PC............................. 3,621 2,912 2,744............................... 2,483 3,472................................. 169 3,625 1,744 358................................. 83 2,420 8,036 3,292 PC.......................... 3,873 11,440 15,997 3,650............................... 10,328 5,390 1,121.......................... 23,492 17,824 14,312 3,062................................... 27,365 39,591 35,699 7,833 182

2.5(c) 6.49.912.4 3.0 16.5% 15% 10% 15%15%10%10% 150% 806 586890 15046 840 14.5%16.7%9.6%13.5% 183

25% 100% 10% 10%5% 184

.................. 20,988 29,291 35,052 1,613 21,552......... 913 426 383 3,056......... 1,783 5,570....... 20,988 30,204 37,261 1,996 30,178 46.2101.3% 93.0PC PC35.3 88.6%66.5 PC206.649.6% 309.0PC 56.626.9% 71.7 PCPC PCPC 185

0.9 17.3 259.415.7 13.1 42.7 4.6 23.1 5.1 6.5 4.7 6.8 11.0%10.2% 7.0%7.3% 14.5114.7% 31.1 4.1 15.4 1.6 7.1 PC 31.7 95.1%61.9 68.6% 66.6%PC PC 10.9 11.3 186

8.193.6% 15.6 5.6 278 1.5 4.0 4.5 9.920.6% 7.8 PC 112 471237 1% 2.2 24.9 398 3.4 18.3%13.5% 10% 1.8 21.6 187

2.030.2 205.814.8%236.3 PC PC144.623.3% 178.3PC PC PCPC PC192.5 33.2%256.5PC 62.457.9PC PC 71.368.8 6.6137.8%15.6 ios 105.712.6 PC14.324.3% 17.7PC 33.256.2% 14.6 55.344.4%79.8 26.9%33.8% 14.7108.7%30.6 188

3.522.7 PC 3.5163.2%9.3 150.54.0% 156.573.1%66.2% PC PC 45.546.0 23.114.4% 26.517.3 25.0%12.9 29.916.1%34.7 14.5%14.7% 7.523.4%9.2 12.215.3% 14.1 1.8 2.0 39.69.8%35.7 PC 9.92.5 12.4 3.147.9%4.6 2.149.3% 3.2 189

37.220.5% 44.8 6.2 30.5%4.3 15%10% 31.030.7% 40.5 30.223.4% 37.3 153.933.7%205.8 PC90.859.2% 144.6PC PC45.038.7% 62.4PC166.2 15.8%192.5 3.871.6% 6.6 1.3441.9%7.1 40.8 18.5%33.2PC 16.513.3%14.3 46.518.8%55.3 10.047.3% 14.7 30.2% 26.9% 3.0%2.0% 190

107.440.2% 150.569.8%73.1% 29.157.9% 46.03.6375.7% 17.3 20.612.5%23.1 13.4%11.2% 25.517.4%29.9 16.5%14.5% 5.828.1%7.5 10.220.2% 12.26.6% 5.9% 27.444.7%39.6 PC 23.648.2%35.0 5.744.9%3.1 2.0 1.637.1% 2.1 31.019.7% 37.2 4.537.8%6.2 840 191

26.516.6% 31.0 21.043.9% 30.2........................... 28,778 40,908 30,384 (10,477) 20,885........................... (21,715) (18,523) (67,255) (11,176) 17,748........................... (23,016) 41,521 (2,280)...................... (15,953) 63,906 (36,871) (21,653) 36,353.. 47,634 31,681 95,587 95,587 58,716.. 31,681 95,587 58,716 73,934 95,069 20.9 24.97.4 9.8 3.1 2.91.5 192

PC16.8 4.0 30.4 44.814.2 25.0 9.5 5.3 PC24.1 12.4 4.0 6.3 8.7 40.9 37.213.0 7.7 7.0 3.63.5 4.2 28.8 31.011.2 13.5 9.0 13.0 4.24.0 17.7 25.0 4.03.0 67.3 15.67.412.4 25.07.0 18.5 8.89.9 193

21.7 10.46.4 5.0 2.3 A 300.0 41.5 42.627.9 29.0 23.0 20.02.8................................... 301 636 1,169 985.......................... 5,988 11,674 35,742 52,494.......................... 16,226 10,253 22,725 21,725........................ 150 25,000.................... 27,883...................... 5,000 5,000 9,000........................ 31,681 95,587 58,716 95,069............................. 87,229 118,150 148,352 179,273.......................... 12,715 12,013 12,498 13,906.......................... 11,434 12,502 15,331 19,315............................... 24,953 20,720 29,467 28,179............................. 214 2,374 1,484 3,069............................. 49,316 47,609 58,780 64,469............................. 37,913 70,541 89,572 114,804 114.8 89.628.2% 36.4 194

16.8 25.04.0 89.6 70.527.0% 24.112.5 25.036.9 70.5 37.986.1% 63.927.9 (i)(ii) (iii)....... 6,931 3,727 7,405 2,588 238............... 3,448 7,531 15,618 5,650........... 6,388 9,923 12,383 2,949 3,014........................ 16,767 21,181 35,406 11,187 3,252 4.3 195

2.53.31.01.0................................. 4,768 8,738 9,428 11,257.............. 369 2,393 18,415 16,765................................... 5,137 11,131 27,843 28,022 196

............................. 7,949 13,867 36,325 53,077.......................... (1,961) (2,193) (583) (583)................................... 5,988 11,674 35,742 52,494 6.0 11.735.7 52.5 PC 3090 030................................ 2,027 3,883 10,589 13,982 3160............................... 955 1,617 9,308 7,220 6190............................... 925 1,458 8,772 8,459 91180.............................. 1,166 3,077 6,832 22,620 181365............................. 651 1,520 164 135............................... 2,225 2,312 660 661................................... 7,949 13,867 36,325 53,077 91180 91180 6.822.6 PC 90 91180 4.719.3 197

(1)............ 16 16 37 43 (1) 36590 16 37 43.......... 16,162 10,288 21,094 17,162...................... 64 965 1,755 1,749.......................... 61 61.................. 815 3,753.......................... (1,000) (1,000) (1,000)................................... 16,226 10,253 22,725 21,725 16.210.3(i) 4.0 2.2(ii) 3.563 10.3 21.1 21.117.2 64965 198

1.81.7 31.7 95.642.6 27.9 95.658.7 15.625.0 58.7 95.1 5.05.09.0 12.712.012.513.9 030................................ 8,704 4,792 5,395 5,042 3160............................... 2,561 1,112 2,673 3,989 6190............................... 320 1,445 611 782 91180.............................. 861 2,152 912 1,698 181365............................. 85 1,892 888 420............................... 184 620 2,019 1,975................................... 12,715 12,013 12,498 13,906 (1)............ 147 82 56 38 (1) 36590 199

147 82 5638 59.0%70.3% 80.2%84.7%............................... 526 264 82 82................ 3,888 3,129 4,614 3,161.......................... 1,432 2,895 1,670 1,460.................... 5,588 6,214 5,700 6,873.................. 2,599 7,114.............. 666 625................................... 11,434 12,502 15,331 19,315 11.4 12.515.3 19.3 200

4.9 4.12.4 5% 250.0250.0 450.0 201

(1)............................. 1.77 2.48 2.52 2.78 (2)............................. 1.76 2.47 2.50 2.77 % (3).............. 53.9 36.3 31.4 1.6 13.4 % (4)............ 22.6 23.1 22.2 1.1 9.7 (1) (2) (3) 100% (4) 100% 1.77 2.48,42.6 27.9 2.52, 2.52 2.78, 1% 202

53.9% 36.3%31.4% 1.6% 13.4% 1.1% 9.7% 10% 10% 296.5 29.0 3.5 203

80.2 A49.1300.0 48.6 296.5 24.7 7.4 27.9 27.927.9 20.05.0 17.05%147 204

1.82.4 1.33.0 4.29 (1) (2) (3) () () () 3.70.... 129,742 529,197 658,939 0.84 1.06 4.80.... 129,742 693,542 823,284 1.05 1.32 (1) 173,140,00043,398,000 (2) 3.704.80 7,353,000 (3) 784,000,000 (4) (5) 1.000.79486 205

13.1313.19 13.1313.19 206

4.25 833.073.1 759.9 228.030% 3040 152.020% 190.025% 14 114.015% 76.010% 103.4 4.25 879.7 118.9 207

19,600,000 (A) (a) (b) 208

(c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) 209

(p) (1) (2)(3) (4) (B) (a) (b) (c) (d) (e) (f) 210

(g) (h) (i) (A) 10.08 10.08 (B) 10.07(1) (a) (b) (a) (a) 10.07(2)(2) 155 211

(b) 2.07C (A) (a) (b) (c) (a)(b) (d) (a)(b)(c) (a)(c) (a)(c) 212

(B) Sonic Force LimitedElite Vessels Limited Sonic Force LimitedElite Vessels Limited a) (i) (ii) (iii) (i)(ii) (iv) (i)(iii) (i)(iii) b) (a)(i)(a)(iii) c) (a)(i)(a)(iii) d) (a)(c) 3.5% 213

0.5% 73.1 Sonic Force LimitedElite Vessels Limited Sonic Force LimitedElite Vessels Limited Sonic Force LimitedElite Vessels Limited 30 29,400,000 214

30 571(i) (ii) (iii) (i)(ii)(iv) (v) (vi)(ii)(iii)(iv)(v) 29,400,000 15% 30 215

29,400,000 3A.07 216

(a) 19,600,000 (b) S144A 176,400,000 S 19,600,000 10% 2.5%(i)(ii) 217

500 500 9,800,000 184.2 1550 58,800,000 30% 50100 78,400,000 40% 100 98,000,000 50% 218

4.80 1,0004,848.38 4.80 176,400,000 90% 22.5% S 144A 219

30 29,400,000 15% 3.75% 29,400,000 15% Elite Vessels Limited29,400,00010.07(3) 220

4.803.70 4.801% 0.003%0.005%4.80 www.hkexnews.hkwww.ourgame.com 221

10% www.hkexnews.hkwww.ourgame.com (a) A (b) (c) 222

(d) 30 www.hkexnews.hkwww.ourgame.com 155 (i)(ii) 1,000 223

1. www.eipo.com.hkeipo eipo 2. 18 S eipo(i) (ii) eipo 224

3. www.eipo.com.hk (a) 2 22 1 29 (b).................... 45 118 28 361...................... 636...................... 21 251 37 225

1992 4. eipo (i) (ii) (iii) (iv) (v) (vi) (vii) 226

(viii) (ix) (x) (xi) (xii) (i) (ii)s S902(h)(3) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) eipo (xix) (i) (ii) 227

5. eipo eipo www.eipo.com.hk eipo eipoeipo eipo www.eipo.com.hk24eipo eipoeipo eipo eipo 40 40 342E eipo eipowww.eipo.com.hk eipo 228

6. 2979 7888 https://ip.ccass.com 199 2 (a) (b) 229

40 230

1,0001,000 (1) (1) (1) (1) (1) (1) 24 231

40 40 342E 7. eipoeipo eipo (i)(ii) 8. eipo 232

9. eipo1,000 1,000 www.eipo.com.hk 10. 233

11. www.ourgame.comwww.hkexnews.hk www.ourgame.com www.hkexnews.hk 24www.iporesults.com.hk 2862 8669 12. (i) eipo 40342E 234

(ii) eipo (iii) (iv) eipo 50% 13. 4.80 235

14. (i) (ii) (i) 1,000,000 1831717121716 236

1,000,000 (ii) 1,000,000 1,000,000 (iii) eipo 1,000,000 183171712 1716 237

1,000,000 (iv) 238

15. 239

3.340 IIII II 1.2 II1.219 II1.2 I-1

3.340 III II2 2410 II2 I-2

I. (A)............................... 4 153,948 205,810 236,300 46,202 92,989.......................... (46,546) (55,283) (79,803) (14,486) (31,104)............................... 107,402 150,527 156,497 31,716 61,885.......................... 5 5,703 3,144 4,649 112 471................ (29,109) (45,971) (45,476) (11,268) (10,924).......................... (25,458) (29,895) (34,714) (8,074) (15,632)................ 25 (1,049) (490) (440) (3,056).......................... (27,365) (39,591) (35,699) (9,866) (7,833).......................... 6 (128) (2).................... 31,045 37,163 44,767 2,180 24,911........................ 7 (4,499) (6,198) (4,306) (398) (3,357).................... 6 26,546 30,965 40,461 1,782 21,554.................... 9............ 26,546 30,965 40,461 1,782 21,563.................. 20,988 29,291 35,052 1,613 21,552........................ 5,558 1,674 5,409 169 2 26,546 30,965 40,461 1,782 21,554.................. 20,988 29,291 35,052 1,613 21,561........................ 5,558 1,674 5,409 169 2 26,546 30,965 40,461 1,782 21,563............................ 9(a) 5.10 7.12 8.52 0.39 2.09............................ 9(b) 5.10 7.12 8.52 0.39 2.09 A............................ 9(a) 13.19............................ 9(b) 13.19 I-3

(B).......... 11 11,213 7,083 9,168 7,870................... 13 10,952 24,822 43,318 43,398.......... 18 5,000...... 19 7,000 7,000.............. 22 2,472 758 158 158 24,637 37,663 59,644 58,426....................... 14 301 636 1,169 985........ 15 22,214 21,927 58,467 74,219............ 16 150 25,000........ 17 27,883.......... 18 5,000 5,000 9,000............ 31,681 95,587 58,716 95,069 87,229 118,150 148,352 179,273........ 20 24,149 24,515 27,829 33,221................... 21 24,953 20,720 29,467 28,179................ 214 2,374 1,484 3,069 49,316 47,609 58,780 64,469.............. 37,913 70,541 89,572 114,804.......... 62,550 108,204 149,216 173,230............ 23 10,000 62,640 72,061 85....................... 24 52,550 27,820 77,067 173,055.. 62,550 90,460 149,128 173,140................ 17,744 88 90................... 62,550 108,204 149,216 173,230 I-4

(C)...................... 12 422.......................... 15 772 3,814............................... 2,566 772 6,380.......................... 20 2,069 10,387.......................... (1,297) (4,007)...................... (1,297) (3,585)................................... 23 61 85................................... 24 (1,358) (3,670)............................... (1,297) (3,585) I-5

(D)................. 6,488 4,866 2,283 9,723 23,360 12,644 36,004................. 20,988 20,988 5,558 26,546 23(ii)............ 3,512 14,690 18,202 (18,202) 27(ii)............ 7,106 (7,106)......... 3,512 21,796 (7,106) 18,202 (18,202)................. 10,000 4,866 24,079 23,605 62,550 62,550................. 29,291 29,291 1,674 30,965 23(iii)............ 1,111 6,389 7,500 7,500 23(iii)............ 19,070 19,070 15,090 34,160 23(iii)............ 980 980 25............... 1,049 1,049 1,049 23(iv)........ 51,529 (5,123) (4,866) (34,540) (7,000)........... 2,065 (2,065) 8......... (29,000) (29,000) (29,000)......... 52,640 1,266 (2,801) (14,421) (38,065) (1,381) 16,070 14,689.. 62,640 1,266 2,065 9,658 14,831 90,460 17,744 108,204 I-6

................. 62,640 1,266 2,065 9,658 14,831 90,460 17,744 108,204................. 35,052 35,052 5,409 40,461 23(vii)........... 61 61 61 25............... 490 490 490........... 4,075 (4,075) 23(v)............. 9,360 13,705 23,065 (23,065)......... 9,421 4,075 14,195 (4,075) 23,616 (23,065) 551................. 72,061 1,266 6,140 23,853 45,808 149,128 88 149,216................. 21,552 21,552 2 21,554........... 9 9 9 9 21,552 21,561 2 21,563 A 23(ix)............ 24 299,976 300,000 300,000............. (607) (607) (607) 25............... 2,524 532 3,056 3,056........... 2,851 (2,851) 23(vi).......... (72,000) (1,266) 73,266 8......... (296,498) (3,500) (299,998) (299,998)......... (71,976) 1,605 2,851 2,524 73,798 (6,351) 2,451 2,451................. 85 2,871 8,991 9 2,524 97,651 61,009 173,140 90 173,230 I-7

................. 62,640 1,266 2,065 9,658 14,831 90,460 17,744 108,204................. 1,613 1,613 169 1,782 25............... 440 440 440........... 220 (220)......... 220 440 (220) 440 440................. 62,640 1,266 2,285 10,098 16,224 92,513 17,913 110,426 I-8

(E).................... 31,045 37,163 44,767 2,180 24,911............ 8,964 7,028 5,318 1,067 1,536.................... 1,077 3,584 9,505 2,009 2,934........................ (184) (670) (989) (101) (103)........................ 128 2..... 1,045 1,232........... 174 821 (149) (11).............. 1,049 490 440 3,056.................... 16......... 42,249 50,209 58,942 5,584 32,350.................. (261) (335) (533) (33) 184............ (4,239) (3,463) (36,479) (13,620) (14,073)... (13,002) 366 3,314 (1,759) 5,381.............. 3,965 (4,233) 8,747 1,778 (1,288)............ 28,712 42,544 33,991 (8,050) 22,554.......................... 166 688 989 101 103........................ (100) (2,324) (4,596) (2,528) (1,772)... 28,778 40,908 30,384 (10,477) 20,885.............. (6,931) (3,727) (7,405) (2,588) (238)...................... (3,448) (5,031) (15,618) (5,650)....... (6,388) (9,923) (12,383) (2,949) (3,014).............. (5,000) (5,000) (7,000) (4,000)..... 5,000....... (46) 150 (25,000) 25,000..... 98 8 151 11... (21,715) (18,523) (67,255) (11,176) 17,748.......................... (29,000) (299,998).......................... (240) (2) A.......... 23 300,000...................... (607)......... (1,675)............ 23 42,640...................... (20,000)............ (2,776)............ 27,883... (23,016) 41,521 (2,280)........................ (15,953) 63,906 (36,871) (21,653) 36,353....... 47,634 31,681 95,587 95,587 58,716............ 31,681 95,587 58,716 73,934 95,069 I-9

II. 1. 1.1 Ugland House, P.O.Box 309, Grand Cayman KY1-1104, South Church Street, Cayman Islands 1.2 21.7%46.49% 68.19%(28.3%) (3.51%) 24.32%30.41%15.20%9.12%9.73%1.22%5.50%4.50% 79.05% 28.30% 96.49% 58,713,000 I-10

76.28% 23(iii) 59.72%(7.35%) (6.53%)(4.7%)(8.7%)(13%) 13% 86.92%(7.61%)(5.47%) (i) Elite Vessels LimitedSonic Force Limited*Blink Milestones Limited* Blink MilestonesProsper Macrocosm LimitedGolden Liberator LimitedIconic Ocean Limited Celestial Radiant Limited 50,000150,00010,000 30%35.49%16.07%5.36%7.61%5.47% * Sonic Force LimitedBlink Milestones Limited (ii) I-11

(iii) 8.7% (iv) 13% 34,160,000 8.57%7.35% 1.22% 12,084,000 5.47%4.7% 0.78% 5,699,000 (v) (vi) 2.2(a)(i) I-12

100 100% (a) 350,000 100% 72,000,000 2,000,000 100% 51% 1,780,000 100% (a) 100 100% (a) 10,000,000 5,000,000 1,000,000 1,000,000 100% 100% 100% 100% (a) (b) (c) (a) (a) (a) (a) (a) (b) (c) I-13

1.3 2. 2.1 3 9 9 I-14

399 39 2.2 (a) (i) I-15

1.3 (ii) 2.2(a)(i) 39 (b) 20% 50% I-16

(c) (d) I-17

2.3 (a) (b) (c) 2.4 35 35 5 I-18

2.5 (a) 15 (b) 2.5(c) 210 (c) (i) (ii) (iii) (iv) (v) (vi) 5 2.6 I-19

(a) 12 (b) 12 I-20

(a) (b) (c) I-21

2.7 2.8 2.9 2.10 (a) (b) I-22

2.11 2.12 PC PC (a) PC PC PCourgame. comlianzhong.com 360 I-23

(i)(ii) I-24

(b) ios PC I-25

PC 2.13 2.14 I-26

2.15 2.16 (a) (b) (c) 25 I-27

(d) 2.17 I-28

(a) (b) (a) (b) (i) (ii) 2.18 2.19 I-29

2.20 2.21 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) 3. 3.1 (a) 2.12(a)PC I-30

PC 45 (b) (c) 25 (d) 25 (e) (f) 1920% I-31

4. PC PC................. 148,034 192,105 210,669 44,097 74,724................ 3,829 6,571 15,628 941 17,314............. 2,085 7,134 10,003 1,164 951 153,948 205,810 236,300 46,202 92,989 10% 5................. 184 670 989 101 103..... 1,550 2,125 3,172 44............. 1,950................ 2,019 349 488 11 324 5,519 2,474 3,660 11 368 5,703 3,144 4,649 112 471 I-32

6.......... 128.................... 2 128 2....... 42,866 54,258 54,454 15,990 15,662....... 11,151 15,056 15,688 4,121 3,247.................. 304 997 2,350 432 78..... 1,049 490 440 3,056 54,321 71,360 72,982 20,983 22,043............. 1,073 444 342 170........... 1,783 5,570... 8,964 7,028 5,318 1,067 1,536........... 1,077 3,584 9,505 2,009 2,934............. 1,045 1,232..... 174 821 (149) (11)... (32) 177 13 (224)......... 4,193 4,979 6,404 1,665 2,057 7......... 214 4,484 3,706 328 3,357............. 4,285 1,714 347 70...... 253 22 4,285 1,714 600 70........ 4,499 6,198 4,306 398 3,357 I-33

......... 31,045 37,163 44,767 2,180 24,911................ 7,762 9,283 11,836 594 8,313 586 890 150 56 46..... (3,105) (3,878) (7,127) (252) (5,002)............. (806)............. 96 (97)... 253............. (840)............. 4,499 6,198 4,306 398 3,357 (a) (b) 16.5% (c) 25% 15% 10% 150% (d) 10% 10%5% I-34

8.......... (a) 296,498........... (b) 29,000 3,500 29,000 299,998 (a) 296,498,00048,566,000 Blink Milestones (b) 9. A2331 (a) 60% A40% A............. 20,988 29,291 35,052 1,613 8,621 A........... 12,931 20,988 29,291 35,052 1,613 21,552 I-35

.......................... 411,600 411,600 411,600 411,600 411,600 A.................... 98,000............... 5.10 7.12 8.52 0.39 2.09 A.......... 13.19 (b) A A 25(b)A A I-36

10. (a)................. (i).................... (i).................... (i) 670 280 950................. (i) 604 280 884 1,274 560 1,834................. (i).................... (i).................... (i) 670 566 36 1,272................. (i) 604 566 1,170 1,274 1,132 36 2,442................. (i).................... (i).................... (i) 670 57 727................. (i) 604 604 1,274 57 1,331................. (i).................... (i).................... (i) 168 14 182................. (i) 151 151 319 14 333 I-37

................. (i).................... (i).................... (i) 168 15 1,052 1,235................. (i) 151 1,052 1,203.................... (ii).................... (ii).................... (iii).................... (iii)................. (iii) 319 15 2,104 2,438 (i) (ii) (iii) (b)......... 1,241 992 1,288 352 264................ 82 389 45 232....... 198 185 235 56 45..... 185 116 103 603 1,521 1,751 1,684 511 1,144 I-38

1,000,000........ 3 3 3 3 3 I-39

11..................... 3,400 34,423 1,034 191 39,048..... (1,055) (23,900) (476) (99) (25,530)................ 2,345 10,523 558 92 13,518........... 2,345 10,523 558 92 13,518................ (120) 120.................... 1,534 5,259 138 6,931.................... (226) (46) (272).................... (937) (7,533) (456) (38) (8,964)........... 2,716 8,083 360 54 11,213.................... 4,589 34,551 1,396 191 40,727..... (1,873) (26,468) (1,036) (137) (29,514)................ 2,716 8,083 360 54 11,213........... 2,716 8,083 360 54 11,213.................... 335 3,300 92 3,727.................... (829) (829).................... (1,054) (5,654) (282) (38) (7,028)........... 1,168 5,729 170 16 7,083.................... 3,690 36,366 1,433 191 41,680..... (2,522) (30,637) (1,263) (175) (34,597)................ 1,168 5,729 170 16 7,083........... 1,168 5,729 170 16 7,083.................... 6,089 716 600 7,405.................... (2) (2).................... (861) (4,278) (125) (54) (5,318)........... 307 7,538 761 562 9,168.................... 3,690 38,837 2,115 600 45,242..... (3,383) (31,299) (1,354) (38) (36,074)................ 307 7,538 761 562 9,168 I-40

........... 307 7,538 761 562 9,168.................... 181 57 238.................... (215) (1,219) (72) (30) (1,536)........... 92 6,500 746 532 7,870.................... 3,690 39,018 2,172 600 45,480..... (3,598) (32,518) (1,426) (68) (37,610)................ 92 6,500 746 532 7,870................ 6,569 4,742 3,495 641 992..... 430 296 263 51 88................ 1,574 1,466 1,200 288 357................ 391 524 360 87 99 8,964 7,028 5,318 1,067 1,536 12. (i).................... (ii).. 422 422 II1.2 (i) 1 100 (ii) 25(b) I-41

13............................... 656 23,687 1,747 26,090............... (313) (23,584) (23,897).......................... 343 103 1,747 2,193..................... 343 103 1,747 2,193.............................. 5,318 (5,318).............................. 3,159 289 6,388 9,836.............................. (373) (704) (1,077)..................... 3,129 5,006 2,817 10,952.............................. 3,815 11,294 2,817 17,926............... (686) (6,288) (6,974).......................... 3,129 5,006 2,817 10,952..................... 3,129 5,006 2,817 10,952.............................. 10,542 (10,542).............................. 1,484 6,047 9,923 17,454.............................. (753) (2,831) (3,584)..................... 3,860 18,764 2,198 24,822.............................. 5,299 27,883 2,198 35,380............... (1,439) (9,119) (10,558).......................... 3,860 18,764 2,198 24,822..................... 3,860 18,764 2,198 24,822.............................. 8,904 (8,904).............................. 1,287 14,331 12,383 28,001.............................. (1,013) (8,492) (9,505)..................... 4,134 33,507 5,677 43,318.............................. 6,586 51,118 5,677 63,381............... (2,452) (17,611) (20,063).......................... 4,134 33,507 5,677 43,318 I-42

..................... 4,134 33,507 5,677 43,318.............................. 2,154 (2,154).............................. 3,014 3,014.............................. (306) (2,628) (2,934)..................... 3,828 33,033 6,537 43,398.............................. 6,586 53,272 6,537 66,395............... (2,758) (20,239) (22,997).......................... 3,828 33,033 6,537 43,398................ 863 3,521 9,269 1,955 2,872..... 18 8................ 10 30 185 46 46................ 204 33 33 8 8 1,077 3,584 9,505 2,009 2,934 14............................... 301 636 1,169 985 365,000912,0002,592,000416,000 384,000 I-43

15.................. (a) 7,949 13,867 36,325 53,077.. (1,961) (2,193) (583) (583) 5,988 11,674 35,742 52,494.............. (b)............ 16,162 10,288 21,094 17,162.......... 64 965 1,755 1,749.............. 61 61...... 815 3,753 16,226 11,253 23,725 22,725.. (1,000) (1,000) (1,000) 16,226 10,253 22,725 21,725 22,214 21,927 58,467 74,219 (a) 3090 030........................... 2,027 3,883 10,589 13,982 3160.......................... 955 1,617 9,308 7,220 6190.......................... 925 1,458 8,772 8,459 91180......................... 1,166 3,077 6,832 22,620 181365........................ 651 1,520 164 135 1........................... 2,225 2,312 660 661 7,949 13,867 36,325 53,077 I-44

................... 1,153 1,961 2,193 583.......................... 1,045 232............... (237) (1,610)................... 1,961 2,193 583 583 1,045,000232,000 190....................... 2,051 5,394 11,368 22,972 91180..................... 1,166 2,740 164 2,011 181360.................... 650 734 25 129 1....................... 263 52 52 78 4,130 8,920 11,609 25,190 1,858,0002,754,000 24,133,00027,304,000 62%73%85%80% I-45

(b)................... 1,000 1,000.......................... 1,000................... 1,000 1,000 1,000.................................. 61 61.......................... 711 3,753 772 3,814 16. 17. 18.............. 5,000......... 5,000 5,000 9,000 5,000 5,000 5,000 9,000 I-46

5,000,000 15.97% 2,000,0003.51% 15.97%19.48% 17.05% 19 19...................... 1,840 1,840.............................. 5,160 5,160 7,000 7,000 17.05%18 147,000123,000 I-47

.................................. 7,290 7,720................................ 3,442 4,920.................................. (15) (3,302)....................................... 10,717 9,338....................................... 3,256 285.................... 47 (1,379)........................ 10,717 9,338 17.05%.................... 1,827 1,592....................................... 5,160 5,160......... 13 248 20. 7,000 7,000................. 12,715 12,013 12,419 13,732.......... 79 174 (a) 12,715 12,013 12,498 13,906................... 526 264 82 82.... 3,888 3,129 7,213 10,275.............. 1,432 2,895 1,670 1,460........ 5,588 6,214 5,700 6,873.. 666 625 11,434 12,502 15,331 19,315 24,149 24,515 27,829 33,221 (a) PC I-48

030........................... 8,704 4,792 5,395 5,042 3160.......................... 2,561 1,112 2,673 3,989 6190.......................... 320 1,445 611 782 91180......................... 861 2,152 912 1,698 181365........................ 85 1,892 888 420.......................... 184 620 2,019 1,975 12,715 12,013 12,498 13,906.............................. 3,897........................ 2,069 6,490 2,069 10,387 21. 22...................... 2,472 758 158 158.............. 6,757 2,472 758 758 158........... (4,285) (1,714) (600) (70).............. 2,472 758 158 688 158 I-49

........................... 2,420 4,337 6,757.................. (1,567) (2,718) (4,285)........................... 853 1,619 2,472........................... 853 1,619 2,472.................. (95) (1,619) (1,714)........................... 758 758........................... 758 758.................. (600) (600)........................... 158 158........................... 158 158.................. 158 158 33,792,000 20,553,00058,039,00080,180,000 23. (i) 285,714,2840.00005 (ii) 58,713,000 100%14,690,000 (iii) 7,500,0001,111,000 I-50

6,389,000 34,160,000 100%87% 19,070,000 2,000,000 51%1,020,00049% 980,000 (iv) 59,229,000 (v) 100% 9,360,00013,705,000 (vi) I-51

....................... (vii) 50,000 50............... 50,000 50.................................. (viii) 999,950,000....................... (viii) (85,714,284) (4)................. 914,285,716 46 A...................................... (viii) 85,714,284 4................. 85,714,284 4.......... (vii) 10,000 10 61.................................. (viii) 199,990,000................. 200,000,000 10 61 A............................................... (ix) 85,714,284 4 24................. 85,714,284 4 24................. 285,714,284 14 85............... 10,000 10 61 (vii) 50,000 50,000110,0001 61,000 (viii) 120,000 50,0001,000,000,000 0.0000510,000200,000,000 0.00005 914,285,7160.0000585,714,2840.00005 AAA (ix) I-52

(ix) A CMC Ace Holdings Limited 0.5733005857,142,85628,571,428 0.00005A49,140,000 300,000,0004,00024,000 49,136,000299,976,000 AA (a) 40%20%40% 500,000,000 A (b) A (c) AA A A A A (d) A A I-53

24. (a) (b) 10%50% 25% (c) 2.16 (d) (i)(ii) (e)........................... (1,358) (1,358)....... (1,358) (1,358)................ (7,710) (7,710)........... 3 3 A 23(ix)........... 299,976 299,976........... (607) (607) 25.............. 2,524 2,524 8........ (296,498) (296,498)......... 2,871 3 2,524 (9,068) (3,670) I-54

25. (a) Blink Milestones 99.9% 7,493,000 10% 25% 9,262,000 10% 10% 28% Blink Milestones Blink Milestones 12,152,381 Blink MilestonesBlink Milestones 12.43% 0.2625 Blink Milestones 9,706,000 31 25,009,6000.1276 Blink Milestones Blink Milestones Blink Milestones Blink Milestones I-55

Blink Milestones............................................................................................... 7,493...................................................... (541)................................... 6,952...................................................... (3,195)................................... 3,757...................................................... (92)............................................... (3,665)..................................... Blink Milestones............................................................... 0.2625 12,152,381...................... 12,152,381 Blink Milestones 20%........................................................ 0.2625...................................................... 50%........................................................................................................ 4.6792%.................................................... (b) I-56

6% 6%52,870,0000.34398035 25% 3613 13........................................................................................ 50,042,553..................................... 50,042,553 784,000,000 0.000056% 50,042,55331 0.343980350.16714303 20% 1.05650.1722........................................................ 0.34398035.................................................... 50%........................................................................................................ 4.6792%.................................................... I-57

(c) 1,049,000 490,0003,056,000 26. (a)......... 2,527 1,287 1,000 1,000............. 2,000 2,527 3,287 1,000 1,000 (b)............................ 4,768 8,738 9,428 11,257........... 369 2,393 18,415 16,765 5,137 11,131 27,843 28,022 27. (i) 2,500,000 (ii) 7,106,000 (iii) 27,883,000 I-58

27,883,00027,883,000 28.......... 1,274 1,274 1,274 319 371................ 560 1,132 131....... 36 57 14 19..... 2,524 1,834 2,442 1,331 333 3,045 29. (a)........... 22,214 21,927 57,652 70,466............... 150 25,000........... 27,883............... 31,681 95,587 58,716 95,069................. 5,000 5,000 5,000 9,000 86,928 122,514 146,368 174,535........... 23,623 24,251 27,747 32,514 I-59

(b) (c) (d) 5% 250,000250,000450,000 (e) 29(a) I-60

(f) (g)................. 5,000 5,000 9,000 30. I-61

31. (a) A 90,685,716 0.00005A 50,00055,000 15,000 211,600,0000.0000590,685,716 0.00005A III. I-62 28 12 P02771

A. 4.29 1 2 3 3.70......... 129,742 529,197 658,939 0.84 1.06 4.80......... 129,742 693,542 823,284 1.05 1.32 (1) 173,140,00043,398,000 (2) 3.704.80 7,353,000 (3) 784,000,000 (4) (5) 1.000.79486 II-1

B. II-1 II-1 4.29 7 7 4.29(7) 3420 4.297 II-2

II-3

(a) (b) (c) 4.29(1) 28 12 P02771 II-4

1. 2. 2.1 500,000 10,000,000,0000.00005 2.2 (a) (b) III-1

(c) (d) (e) (f) (i) (ii) (iii) III-2

(iv) (A) (B) (v) (g) (h) III-3

(i) (ii) (iii) (iv) (v) (vi) (vii) III-4

(i) (j) 2.3 2.4 2.5 (a) III-5

(b) (c) 2.6 2.7 III-6

2.8 15 2.9 III-7

21 2.10 21 14 (a) (b) 95% (a) (b) (c) (d) (e) III-8

(f) 20% (g) (g) 2.11 (a) (b) (c) (d) (e) (f) 14 30 60 2.12 III-9

2.13 2.14 (a) (b) III-10

2.15 48 48 12 III-11

2.16 14 15 14 15 2.17 14 III-12

3060 2.50 2.18 2.19 2.20 III-13

2.21 (a) 12(b)12(d) (c)12 (d)12 1 2 3 (a) III-14

(b) (c) 37 (d) (e) (f) 4 34 34 5 Foss v. Harbottle III-15

(a)(b) (c) 6 7 8 (a) (b) (c) 9 III-16

10 11 12 13. (a) (b) (a)(b) 14 III-17

15 16 17 (a) (b) 18 19 20 21 Maples and Calder III-18

III-19

A. 1. 16 Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands 2. 50,00050,0001.00 (a) 1.0010,000 Elite Vessles LimitedSonic Force Limited Blink Milestones LimitedProsper Macrocosm LimitedIconnic Ocean LimitedGolden Liberator Limited Celestial Radiant Limited 3,0002,6798701,607761536547 30.00%26.79%8.70%16.07%7.61%5.36%5.47% (b) 57,142,856A CMC28,571,428A 20.00%10.00% (c) 50,0001,000,000,000784,000,000 216,000,000 12 3. 10,00010,0001.00 IV-1

350,000 1,660,280.97 12,771,392.08 8.70%13.00%4.70%6.53%4.59%7.35%13.78%22.97% 18.38% 12,771,392.08 72,000,000 18.38%22.97%13.78% 7.35%6.53%4.59%4.70%8.70%13.00% 2,000,00051%49% 10 100100 5,000,000 IV-2

1,000,000 1,000,000 4. (a) (i) (ii) 54,534.29914,285,7160.00005 176,400,0000.00005A (iii) A (iv) A176,400,000 0.00005A0.00005 500,00010,000,000,000 0.00005 (v) (b) IV-3

20% (c) 10% (d) (b) (c) (b) 10% (e) (b)(c)(1) (2) (3) 5. 6. (a) (b) (c) (d) (e) Sonic Force LimitedBlink Milestones LimitedElite Vessels Limited Prosper Macrocosm LimitedIconic Ocean LimitedGolden Liberator IV-4

LimitedCelestial Radiant Limited CMC Ace Holdings LimitedKongZhong Corporation (f) (g) (h) (i) (j) (k) (l) B. 1. (a) (b) (c) IV-5

(d) 2. 3. (a) (b) (c) 26 (d) IV-6

C. 1. 1. 42 1483307 2. 35 1774471 3. 36 1727541 4. 39 1663929 5. 40 1719783 6. 41 1744822 7. 9 10268472 8. 41 10268485 9. 42 10268484 10. 9 10268418 11. 41 10268442 12. 42 10268441 13. 9 10268498 14. 41 10268497 15. 42 10268496 16. 9 10268495 IV-7

17. 41 10268494 18. 42 10268493 19. 41 10445471 20. 9 10602155 21. 28 10602151 22. 41 10602147 23. 9 10602158 24. 28 10602154 25. 9 10602157 IV-8

26. 28 10602153 27. 41 10602149 28. 9 10602156 29. 28 10602152 30. 41 10602148 1. 9 11607889 2. 28 11607888 3. 41 11608047 4. 42 11608050 IV-9

5. 9 11607893 6. 28 11607892 7. 41 11607891 8. 42 11607890 9. 11 10268420 10. 41 10602150 11. 1 10268457 12. 7 10268452 13. 21 10268481 14. 23 10268479 15. 27 10268476 16. 35 10268490 17. 94142 302848627 18. 94142 302910249 19. 94142 302910258 2. (a) 1. V2.6 BJ10178 2007SRBJ3206 2. V1.0 BJ23839 2009SRBJ6833 IV-10

3. V1.0 BJ23836 2009SRBJ6830 4. V1.0 BJ23851 5. V1.0 BJ23841 6. V1.0 0290473 7. V1.0 0344446 8. V1.0 0376158 2009SRBJ6845 2009SRBJ6835 2011SR026799 2011SR080772 2012SR008122 9. IOS V4.1.1 0514316 2013SR008554 10. Android V3.1.1 0514174 2013SR008412 11. 2012 V2.8.8.3 0524159 2013SR018397 12. Android V5.0.0 0631943 2013SR126181 13. V1.0.0 0646002 2013SR140240 14. V1.0 0664853 2013SR159091 15. IOS 1.0.0 0697330 2014SR028086 1. D-15-24-1010001 2. D-15-104-1010001 3. J-15-104-1010001 3. 1. 201210035948.1 2. 201210365172.X IV-11

4. 1. ourgame.mobi 2. ourgame 3. ourgame.com.cn 4. ourgame.net.cn 5. ourgame.org.cn 6. 7. ourgame.com 8. 9. 10. D. 1. (a)............................................................ 0............................................................ 0.......................................................... 849,660........................................................ 765,963 IV-12

(b).............................................................. 0.............................................................. 0.............................................................. 160,000.............................................................. 160,000............................................................ 250,000 2. (a) 2,326,0003,097,0001,688,000 (b) 2,185,624 (c) IV-13

3. (a) XV78 XV 352.............. 359,961,364 45.91%.............. 359,961,364 45.91% (1)............... 20,851,064 2.66% (2)............. 20,851,064 2.66% (1) 20,851,064 (2) 20,851,064 IV-14

(b) XV23 (a) XV23 5% Elite Vessels Limited Sonic Force Limited Blink Milestones Limited Prosper Macrocosm Limited Golden Liberator Limited (1) 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 359,961,364 45.91% 58,800,000 7.50% CMC Ace Holdings Limited 117,600,000 15.00% IV-15

4. (a) (b) (c) (d) (e) XV2 3 10% (f) XV XV78 352 E. 1. 2. 54,499 3. IV-16

4. 5. 3A.07 500,000 6. 7. 44A44B 8. (a) (i) (ii) (b) (c) (d) 9...................................................................... Maples and Calder....................................................... IV-17

10. 11. A. Blink Milestones 0.12756 (25%) 25,009,600 IV-18

Blink Milestones (i) (ii) (iii) (iv) 10 12 90 Blink Milestones (i)(ii) (A)(B) Blink Milestones Blink Milestones (C) Blink Milestones (D)Blink Milestones IV-19

12,152,3811.55%29 25,009,600 0.32% 0.12756.......... 9 (1) 392,000 0.0500%........ 63 235,200 0.0300%.......... 13 392,000 0.0500%.......... 1 156,799 0.0200%.......... 14 548,801 0.0700%.......... 53 235,200 0.0300%........ 330 548,801 0.0700%.......... 1265 313,600 0.0400%........ 11202 313,600 0.0400% IV-20

........ 332 (1) 313,600 0.0400%........ 261 235,201 0.0300%.......... 17871052 392,000 0.0500%.......... 7961124 235,201 0.0300%........ 57 156,799 0.0200%...... 243604 156,799 0.0200%.......... 7 3 235,201 0.0300%........ 13913601 156,799 0.0200%.......... 258 501 313,600 0.0400%........ 48 235,201 0.0300%.......... 111301 235,200 0.0300% IV-21

........ (1) 392,000 0.0500%.......... 14 235,200 0.0300%........ 101113 156,799 0.0200%.......... 19A4338 156,799 0.0200%........ 15602 5,095,999 0.6500%........ 21505 3,528,001 0.4500%.......... 1 3,528,000 0.4500%........ 3,528,000 0.4500%........ 563 2,587,200 0.3300% (1) Blink Milestones IV-22

B. (a) 0.34398035 0.16714303 (b) (25%) 36 (c) 50,042,5536.38% IV-23

2102703 57D 96202 (1) 2.66% 2.66% 1.06% (1) 4.253.74.8 6% 6.38% F. 1. (a) 0.1% IV-24

(b) (c) 2. 4 IV-25

(a) (b) E. (c) A. 14 15 42 (a) (b) (c) (d) A. (e) D. (f) E. (g) (h) (i) (j) Maples and Calder V-1

OURGAME INTERNATIONAL HOLDINGS LIMITED