NetDragon Websoft Inc. 777 PROMETHEAN WORLD LIMITED * 2 5 * Promethean World Limited Promethean World plc.
... 1... 2 Promethean... I-1... II-1... III-1... IV-1 i
Promethean Promethean World Limited 07118000 Promethean World plc 1
NetDragon Websoft Inc. 777 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 25 20 2001-05 11 PROMETHEAN WORLD LIMITED * * Promethean World Limited Promethean World plc. 2
Digital Train 2.7 2.7 Promethean 84,800,000 Promethean Digital Train Promethean Digital Train 201,384,335 Promethean Promethean 99.10% Promethean Promethean Promethean 3
1,300,789,860 180,914,513 A NetDragon (BVI) 77.94% 4.65% DJM 0.20% Promethean 4.03 4.03 Promethean 50 4.03 Promethean KPMG Audit Plc Promethean KPMG LLP Promethean KPMG Audit Plc KPMG LLP KPMG LLP Promethean KPMG LLP 4.03 KPMG LLP Promethean 4.03 KPMG LLP Promethean 4
5
KPMG LLP 1 St Peter s Square Manchester M2 3AE United Kingdom Promethean World Limited Promethean World plc B 31 I-1
3.340 KPMG LLP I-2
7 141,158 118,174 107,121 (90,572) (80,477) (78,889) 50,586 37,697 28,232 9 (56,491) (45,599) (61,878) 9,407 839 (9,724) (10,129) (7,934) (6,949) (782) 8 (4,267) (1,932) (16,012) 8 742 1,451 552 (876) (326) (1,513) (5,905) (7,902) (33,646) 11 192 20 10 11 (993) (1,766) (1,537) 11 (801) (1,746) (1,527) (6,706) (9,648) (35,173) 12 909 (6,854) (2,578) (5,797) (16,502) (37,751) I-3
(5,797) (16,502) (37,751) 291 1,182 (204) (209) 694 563 82 1,876 359 (5,715) (14,626) (37,392) I-4
14 7,741 7,534 5,129 15 14,219 18,141 11,471 12 8,326 2,364 376 30,286 28,039 16,976 18 8,670 12,007 11,442 17 163 105 19 24,601 22,672 17,049 838 1,216 1,160 20 17,591 4,706 2,613 14 280 51,863 40,706 32,544 82,149 68,745 49,520 24 (2,615) 22 (25,937) (28,119) (41,929) 23 (3,735) (3,113) (3,055) (779) (665) (1,037) (30,451) (31,897) (48,636) 23 (685) (225) (211) (685) (225) (211) (31,136) (32,122) (48,847) 51,013 36,623 673 21 20,000 20,320 20,320 99,796 99,796 99,796 93,990 93,990 93,990 4,134 6,010 6,369 (166,907) (183,493) (219,802) 51,013 36,623 673 I-5
20,000 99,796 93,990 4,052 (161,897) 55,941 (5,797) (5,797) 291 291 (209) (209) 82 82 82 (5,797) (5,715) 787 787 787 787 20,000 99,796 93,990 4,134 (166,907) 51,013 I-6
20,000 99,796 93,990 4,134 (166,907) 51,013 (16,502) (16,502) 1,182 1,182 694 694 1,876 1,876 1,876 (16,502) (14,626) 320 (320) 236 236 320 (84) 236 20,320 99,796 93,990 6,010 (183,493) 36,623 I-7
20,320 99,796 93,990 6,010 (183,493) 36,623 (37,751) (37,751) (204) (204) 563 563 359 359 359 (37,751) (37,392) 1,442 1,442 1,442 1,442 20,320 99,796 93,990 6,369 (219,802) 673 I-8
(5,797) (16,502) (37,751) 14 3,250 2,515 2,136 15 7,661 5,419 4,064 14 125 749 15 4,142 12,500 27 286 128 (674) (977) (421) (9) 52 3 11 801 1,746 1,527 12 (909) 6,854 2,578 26 876 326 1,513 9,466 (281) (12,974) 6,891 (2,806) 870 4,054 2,890 5,711 2,537 392 4,061 (2,013) (1,081) (73) 20,935 (886) (2,405) (1,058) 447 (2,438) 210 (978) (42) (226) 461 368 19,861 (956) (4,517) 48 20 10 126 92 24 14 (1,252) (2,285) (743) (8,072) (9,797) (9,694) (9,150) (11,970) (10,403) (938) 3,001 9,785 (938) 12,786 9,773 (12,926) (2,134) 8,011 17,591 4,706 (193) 41 41 20 17,591 4,706 2,613 I-9
B 1 Promethean World Limited Promethean House, Lower Philips Road, Whitebirk Industrial Estate, Blackburn, Lancashire BB1 5TH 2 (a) 700,000 2,600,000 Burdale Financial Limited Wells Fargo Bank 25,000,000 3,000,000 15,000,000 20,000,000 35 Promethean Limited Promethean Inc Promethean SAS Promethean GmbH Promethean World Limited Promethean Inc. Promethean Limited Chalkfree Limited Promethean (Holdings) Limited Digital Train Limited Promethean I-10
(b) B C (c) (d) 3(c)(ii) 4 (e) I-11
4 5 3 (a) I-12
(b) (i) (b)(iii)) (ii) (iii) I-13
(c) (i) (ii) (iii) (iv) I-14
(d) 3(a) (e) I-15
(f) (i) (ii) (iii) 25 3-10 (g) (i) 3(d) I-16
(ii) (iii) (iv) (v) 1-3 5-10 1-6 I-17
(h) (i) (j) (k) I-18
(l) (i) I-19
(ii) (iii) (iv) (m) (i) I-20
(ii) (n) (i) Promethean Promethean 2010 (ii) Promethean 90 I-21
(iii) (iv) (v) (o) I-22
(p) (q) I-23
(r) (s) (t) (i) (ii) Promethean Planet Promethean Planet Planet (u) 4 I-24
(a) (b) (c) (d) (e) 5 I-25
25,000,000 30 200 250 3,000,000 I-26
400,000 4,700,000 17,600,000 400,000 4,700,000 17,600,000 700,000 36,600,000 51,000,000 I-27
6 (CODM) 69,094 72,064 141,158 27,659 22,927 50,586 5,848 13,318 19,166 65,907 52,267 118,174 21,845 15,852 37,697 9,223 8,318 17,541 56,648 50,473 107,121 16,499 11,733 28,232 5,877 8,858 14,735 I-28
50,586 37,697 28,232 (28,326) (26,595) (25,579) (7,836) (7,051) (7,243) (5,017) (3,212) (5,134) 9,407 839 (9,724) (3,250) (2,515) (2,885) (6,879) (5,419) (4,064) (722) (7,095) (16,673) (782) (4,267) (1,932) (16,012) 742 1,451 552 (876) (326) (1,513) (801) (1,746) (1,527) (6,706) (9,648) (35,173) 19,166 17,541 14,735 32,697 23,165 17,809 30,286 28,039 16,976 82,149 68,745 49,520 I-29
132,072 112,647 103,257 9,086 5,527 3,864 141,158 118,174 107,121 63,067 61,901 54,738 69,005 50,746 48,519 132,072 112,647 103,257 6,027 4,006 1,910 3,059 1,521 1,954 9,086 5,527 3,864 I-30
65,533 62,556 55,116 12,651 11,903 15,593 6,824 3,832 4,289 5,793 3,939 4,128 2,866 2,317 2,303 2,928 3,018 2,005 2,036 2,619 1,931 1,302 1,037 1,918 1,564 2,146 1,889 1,735 1,325 1,747 2,441 3,093 1,457 5,574 3,639 1,451 29,911 16,750 13,294 141,158 118,174 107,121 10% 20,300,000 18,000,000 (19%) 16,300,000 24,800,000 (15%) 18,447 22,656 14,732 22 31 39 3 5 3 1,499 1,496 1,068 1,989 1,487 758 21,960 25,675 16,600 I-31
7 138,525 115,062 103,414 2,633 3,112 3,707 141,158 118,174 107,121 8 4,142 12,500 125 1,932 3,512 4,267 1,932 16,012 27 674 977 421 474 131 68 742 1,451 552 16,012,000 1,932,000 4,267,000 ClassFlow 12,500,000 ClassFlow 15 Digital Train Limited Digital Train Limited I-32
4,142,000 421,000 131,000 290,000 1,015,000 7,371,000 2,130,000 1,981,000 421,000 977,000 674,000 9 (674) (977) (421) 286 128 4,267 1,932 3,512 5,017 3,212 5,134 I-33
160 164 186 23 24 38 183 188 224 26 9 16 218 3 212 197 458 28,326 26,595 25,579 7,836 7,051 7,243 13,089 12,553 14,028 (8,072) (9,341) (8,894) 5,017 3,212 5,134 3,250 2,515 2,885 6,879 5,419 4,064 782 4,267 1,932 16,012 (742) (1,451) (552) 876 326 1,513 56,491 45,599 61,878 I-34
10 33,337 30,454 30,321 3,319 2,955 3,223 985 937 955 876 326 1,513 38,517 34,672 36,012 1,202 857 810 274 248 40 35 39 231 (95) 304 1,473 1,071 1,401 30 I-35
602 565 518 379 102 160 83 67 43 42 245 123 402 1,293 993 1,045 87,126 87,127-130,689 130,690-174,252 174,253-217,816 1 217,817-261,379 2 261,380-304,942 1 304,943-348,505 2 348,506-392,068 1 392,069-435,631 1 1 435,632-479,194 479,195-522,757 1 I-36
11 48 20 10 144 192 20 10 (208) (254) (644) (60) (252) (221) (221) (276) (533) (1,233) (231) (58) (105) (993) (1,766) (1,537) (801) (1,746) (1,527) 48 20 10 (460) (475) (925) 291 1,182 (204) (209) 694 563 82 1,876 359 I-37
82 1,876 359 12 1,112 910 675 (717) 51 26 395 961 701 (2,075) 5,898 1,780 626 145 (5) 97 (1,304) 5,893 1,877 (909) 6,854 2,578 79 69 111 I-38
(6,706) (9,648) (35,173) 23.3% (1,560) 21.5% (2,074) 20.2% (7,105) (6.5%) 434 (1.6%) 153 1.3% (447) (15.3%) 1,025 5.1% (489) (0.0%) 6 (5.1%) 344 (0.5%) 48 (1.6%) 547 1.7% (113) 1.1% (109) 0.0% (12) 0.0% (62.2%) 5,998 (5.7%) 2,000 6.0% (404) (34.2%) 3,310 (21.2%) 7,466 1.0% (63) 0.3% (29) 0.0% 8.5% (572) (0.5%) 46 (0.3%) 123 13.6% (909) (71.0%) 6,854 (7.3%) 2,578 23% 21% 20% 19% 18% I-39
1,412 190 1,602 349 1,951 (3,347) 2,060 (1,287) (1,362) (2,649) (5) (28) (33) 12 (21) 2,193 (1,448) 745 391 1,136 45 9 54 (17) 37 1,253 112 (79) 1,286 326 (69) 1,543 5,550 409 5,959 (5,592) 367 7,101 1,304 (79) 8,326 (5,893) (69) 2,364 1,951 (1,897) 54 (2,649) 2,649 (21) 21 1,136 (1,128) 8 37 (37) 1,543 (1,319) (111) 113 367 (166) 201 2,364 (1,877) (111) 376 I-40
2,070 2,338 54 (468) (387) 1,602 1,951 54 (1,287) (2,649) (1,287) (2,649) (33) (21) (33) (21) 745 1,136 8 745 1,136 8 54 37 54 37 1,552 1,596 113 (266) (53) 1,286 1,543 113 5,959 367 201 5,959 367 201 10,380 5,474 376 (2,054) (3,110) 8,326 2,364 376 (2,054) (3,110) 2,054 3,110 8,326 2,364 376 8,326 2,364 376 4,376 47,411 73,636 743 2,238 8,430 5,119 49,649 82,066 2,176,000 I-41
5,579,000 25,425,000 23,737,000 21,458,000 13 14 4,148 24,041 28,189 50 1,202 1,252 (989) (989) (19) 5 (14) 4,179 24,259 28,438 114 2,171 2,285 (193) (5,444) (5,637) 57 377 434 4,157 21,363 25,520 12 731 743 (859) (859) (653) (653) 47 92 139 3,563 21,327 24,890 I-42
2,014 16,231 18,245 234 3,016 3,250 125 125 (872) (872) (12) (39) (51) 2,236 18,461 20,697 229 2,286 2,515 (193) (5,300) (5,493) 30 237 267 2,302 15,684 17,986 255 1,881 2,136 35 714 749 (832) (832) (373) (373) 31 64 95 2,250 17,511 19,761 1,943 5,798 7,741 1,855 5,679 7,534 1,313 3,816 5,129 4,600,000 6,000,000 5,800,000 24 280,000 I-43
15 140,503 37,938 186 178,627 8,072 8,072 (45) (4) (49) (2,817) (2,817) 140,503 43,148 182 183,833 9,341 9,341 143 11 154 140,503 52,632 193 193,328 8,894 8,894 1,000 1,000 81 10 91 140,503 62,607 203 203,313 140,503 20,020 149 160,672 4,142 4,142 7,624 37 7,661 (40) (4) (44) (2,817) (2,817) 140,503 28,929 182 169,614 5,419 5,419 143 11 154 140,503 34,491 193 175,187 12,500 12,500 4,064 4,064 81 10 91 140,503 51,136 203 191,842 14,219 14,219 18,141 18,141 11,471 11,471 I-44
6,200,000 12,500,000 ClassFlow ClassFlow ClassFlow 16 19,941 20,807 21,112 866 305 1,553 20,807 21,112 22,665 20 31 17 163 105 I-45
27 18 348 274 156 85 73 42 8,237 11,660 11,244 8,670 12,007 11,442 58,717,000 61,362,000 75,204,000 2,644,000 1,609,000 1,892,000 1,142,000 58,000 338,000 107,000 I-46
19 22,513 19,834 15,123 (3,347) (2,293) (388) 19,166 17,541 14,735 2,934 2,614 880 2,501 2,517 1,434 24,601 22,672 17,049 24,601 22,672 17,049 24,601 22,672 17,049 27 12,924 13,814 8,498 5,178 3,381 5,520 332 142 692 732 204 25 19,166 17,541 14,735 I-47
20 17,591 4,706 2,613 27 21 200,000 203,200 203,200 Kleinwort Benson (Jersey) Trustees Limited Chalkfree Employee Benefit Trust (EBT) Digital Train Limited Promethean World Limited EBT EBT 1,489,769 342,245 3,200,000 10 26 I-48
Promethean World Limited Chalkfree Limited 22 9,847 16,546 19,468 9,292 5,166 6,055 6,798 6,407 6,215 10,191 25,937 28,119 41,929 5% 12 6,292 7,823 7,517 3,484 7,520 5,772 27 1,012 5,926 44 191 253 9,847 16,546 19,468 I-49
23 2,891 1,887 (1,851) 2,927 2,927 1,745 (1,567) 178 178 1,797 (482) 1,315 630 685 6,433 1,887 (3,900) 4,420 3,735 685 2,927 999 (1,121) 2,805 2,805 178 66 (172) 72 72 1,315 (474) (380) 461 236 225 4,420 1,065 (474) (1,673) 3,338 3,113 225 2,805 985 (1,102) 2,688 2,688 72 1,178 (898) 352 352 461 (131) (104) 226 15 211 3,338 2,163 (131) (2,104) 3,266 3,055 211 I-50
100,000 200,000 24 2,615 Wells Fargo Capital Finance Burdale Financial Limited 25,000,000 3,000,000 400,000 25 955,000 937,000 985,000 I-51
26 Digital Train Limited (LTIPs) Chalkfree Limited (Chalkfree CSOP) IPO IPO Promethean (PRW CSOP) Promethean (PSP) (PSA) LTIP Chalkfree Limited (Chalkfree CSOP) Chalkfree CSOP IPO IPO IPO IPO Promethean (PRW CSOP) PRW CSOP PRW CSOP I-52
Promethean (PSP) PSP Promethean World Plc PSP PSP (PSP SARs) 75% PSP SARS PSP PSP 44 PRW CSOP 90,000 32.125 PSP 1,330,000 PSP SARs 8,370,000 804,500 31.25 PSP SARs 1,355,000 85,000 27 PSP SARs 130,000 23.25 Digital Train Limited I-53
PRW CSOP PSP PSP SARs PRW SARs 16.00 9.10 13.00 7.60 16.00 16.00 13.00 13.00 16.25 13.00 60% 60% 60% 60% 3.0 6.5 3.0 6.5 0.0% 0.0% 0.0% 0.0% 1.16% 1.83% PRW CSOP PSP PRW CSOP PRW CSOP 18.80 22.00 14.50 11.50 32.00 32.00 32.00 27.00 32.13 31.25 27.00 60% 66% 66% 64% 6.5 3.0 4.0 4.0 0.0% 0.0% 0.0% 0.0% 2.25% 1.22% 1.52% 1.31% PSP SARs 9.50 23.25 23.25 61% 4.0 0.0% 1.03% I-54
1,513,000 326,000 876,000 1,553,000 305,000 866,000 40,000 21,000 10,000 Chalkfree CSOP 506 (9) (133) 364 364 5.25 27.1 4.2 Chalkfree CSOP 769 (25) (221) 523 523 5.25 27.1 4.8 IPO 119 (14) (16) 89 89 21.0 1.2 PRW CSOP 43 43 43 125.00 6.8 PSP 2,580 (411) (266) 1,903 356 15.8 7.2 PRW CSOP 1,692 1,692 59.75 7.6 PSP 48 (9) 39 20 17.8 7.4 PSP 2,116 (76) (188) 1,852 115 17.3 8.3 PSP 1,570 1,570 8.8 PRW CSOP 200 (80) 120 51.63 8.3 PRW CSOP 335 (115) 220 17.37 8.8 PRW CSOP 50 (50) 15.25 8.9 PSP 2,100 (60) 2,040 9.3 PSP 290 290 9.5 PRW CSOP 90 90 16.25 9.3 PRW CSOP 180 180 12.88 9.5 10,028 2,660 (544) (1,129) 11,015 1,510 16.9 7.8 I-55
Chalkfree CSOP 364 (77) (23) 264 264 5.25 31.6 4.7 Chalkfree CSOP 523 (88) (21) 414 414 5.25 31.4 4.7 IPO 89 (28) (15) 46 46 30.5 0.4 PRW CSOP 43 (9) 34 34 125.00 3.0 PSP 1,903 (912) (302) 689 689 30.2 6.6 PRW CSOP 1,692 1,015) 677 205 59.75 6.6 PSP 39 (36) 3 3 29.8 7.2 PSP 1,852 (502) (280) 1,070 175 30.4 6.8 PSP 1,570 1,570 7.1 PRW CSOP 120 (50) 70 51.63 7.3 PRW CSOP 220 (50) 170 17.37 7.8 PSP 2,040 (336) (500) 1,204 133 31.0 8.2 PSP 290 (73) 217 31.8 8.5 PRW CSOP 90 90 16.25 8.2 PRW CSOP 180 180 12.88 8.5 PRW CSOP 90 90 32.13 9.4 PSP 1,330 1,330 9.7 PSR ASRs 8,370 8,370 31.25 4.7 PSP SARs 1,355 1,355 27.00 4.9 11,015 11,145 (2,052) (2,265) 17,843 1,963 30.7 5.3 I-56
Chalkfree CSOP 264 (264) 5.25 40.0 Chalkfree CSOP 414 (414) 5.25 40.0 IPO 46 (43) (3) 22.8 PRW CSOP 34 (34) 125.00 PSP 689 (689) 39.3 PRW CSOP 677 (677) 59.75 PSP 3 (3) 40.0 PSP 1,070 (836) (234) 38.5 PSP 1,570 (1,420) (150) 40.0 PRW CSOP 70 (70) 51.63 PRW CSOP 170 (130) (40) 17.37 40.0 PSP 1,204 (1,182) (22) 39.3 PSP 217 (30) (187) 40.0 PRW CSOP 90 (90) 16.25 40.0 PRW CSOP 180 (90) (90) 12.88 40.0 PRW CSOP 90 (90) 32.13 40.0 PSP 1,330 (1,330) 40.0 PSR ASRs 8,370 (7,998) (372) 31.25 40.0 PSP SARs 1,355 (1,355) 27.00 40.0 PSP SARs 130 (130) 23.25 40.0 17,843 130 (16,094) (1,879) 39.8 I-57
Chalkfree CSOP 7 (6) 1 1 5.25 13.9 6.2 Chalkfree CSOP 10 (5) 5 5 5.25 13.9 6.2 IPO 26 (9) 17 17 1.4 PSP 55 (6) (19) 30 15 16.5 7.6 PRW CSOP 90 90 59.75 7.6 PSP 90 (10) 80 20 8.3 PSP 60 60 9.2 278 60 (17) (38) 283 58 14.8 7.7 Chalkfree CSOP 1 (1) 5.25 38.4 Chalkfree CSOP 5 (5) 5.25 29.9 IPO 17 (1) (1) 15 15 31.2 0.4 PSP 30 (30) 23.7 PRW CSOP 90 90 90 59.75 6.6 PSP 80 (15) (15) 50 25 23.7 7.3 PSP 60 (5) (15) 40 10 23.7 8.2 SARs 805 805 31.25 4.7 SARs 85 85 27.00 4.9 283 890 (57) (31) 1,085 140 24.7 5.1 I-58
IPO 15 (10) (5) 23.3 PRW CSOP 90 (90) 59.75 PSP 50 (50) 40.0 PSP 40 (40) 40.0 SARs 805 (805) 31.25 40.0 SARs 85 (85) 27.00 40.0 1,085 (990) (95) 39.8 27 19,166 19,166 17,541 17,541 14,735 14,735 2,934 2,934 2,614 2,614 880 880 17,591 17,591 4,706 4,706 2,613 2,613 163 163 105 105 (9,847) (9,847) (16,546) (16,546) (19,468) (19,468) 30,007 30,007 8,420 8,420 (1,240) (1,240) 4 I-59
163 105 19,166 17,541 14,735 2,934 2,614 880 17,591 4,706 2,613 39,854 24,966 18,228 5,848 9,223 5,877 13,318 8,318 8,858 19,166 17,541 14,735 I-60
18,881 17,202 14,139 285 339 596 19,166 17,541 14,735 16,555 16,156 13,193 1 30 1,722 1,054 541 31 120 69 146 1,001 120 820 185 19,166 17,541 14,735 4,034 3,347 2,293 286 128 (674) (977) (421) (13) (363) (1,612) 3,347 2,293 388 5 I-61
400,000 1,000,000 700,000 3,100,000 400,000 5 6 6-12 1-2 2-5 5 9,847 9,847 9,847 6 6-12 1-2 2-5 5 16,546 16,546 16,546 6 6-12 1-2 2-5 5 19,468 19,468 19,468 I-62
1,784 17,132 7,012 11,502 1,261 18,539 5,555 371 15,116 5,375 1,827 (1,564) (10,646) (54) (17,970) (1,150) (17,796) (248) (35,808) (838) (21,595) (310) (36,714) 220 6,486 6,958 (6,468) 111 743 5,307 (35,808) (467) (6,479) 5,065 (34,887) 9,750 (11,500) 4,389 (5,500) 9,970 6,486 (4,542) (6,468) 4,500 743 (193) (35,808) (467) (6,479) 5,065 (34,887) 1.5580 1.6528 1.5331 1.6491 1.5534 1.4808 1.1790 1.2508 1.3829 1.1979 1.2780 1.3553 9.7084 10.0215 9.5534 10.0827 9.5590 9.6159 10% 10% 10% 10% 10% 5% I-63
(4,160) (982) (943) (629) (2,017) (74) (914) 1,164 (683) (434) (2,224) (48) (350) 1,519 (669) (430) (2,131) 159 10 Wells Fargo Capital Finance Promethean World Limited Best Assistant Education Online Limited 15,000,000 I-64
100 100 100 100 100 176 (81) 176 (81) 176 (81) 176 (81) 47 (13) 47 (13) 47 (13) 47 (13) (46) 60 (46) 60 (46) 60 (46) 60 28 1,929 1,947 1,397 2,399 2,993 1,751 139 4,467 4,940 3,148 2,099 1,859 1,809 I-65
23 29 74,000 110,000 310,000 30 3,482 2,680 2,710 146 126 120 587 330 621 136 1,263 4,249 3,529 4,423 I-66
Digital Train Limited 15 17 16 CFLO SBP Graham Howe 105 1 106 Jim Marshall 1 256 18 218 14 104 610 Neil Johnson 208 21 179 26 127 561 Philip Rowley 45 45 Lord Puttnam 73 73 Tony Cann 35 35 Dante Roscini 43 43 765 40 397 40 231 1,473 1 Jim Marshall CFLO SBP Philip Rowley 101 101 Jim Marshall 1 243 15 39 13 56 366 Ian Baxter 134 9 16 18 18 195 Neil Johnson 2 35 2 274 4 (169) 146 Graham Howe 81 1 82 Lord Puttnam 75 75 Judy Verses 3 38 38 Jackie Yeaney 3 39 39 Tony Cann 4 13 13 Dante Roscini 4 16 16 775 27 55 274 35 (95) 1,071 I-67
1. Jim Marshall 2. Neil Johnson Neil Johnson 274,000 54,000 220,000 3. 4. Tony Chan Dante Roscini SBP Simon Leung1 Philip Rowley 2, 3 93 33 126 Jim Marshall 4 263 9 14 197 483 Ian Baxter 5 133 9 215 23 107 487 Louise Ward 6 22 5 27 Ian Curtis 1 19 1 5 1 26 John Pilkington 1 10 1 1 12 Graham Howe 2 49 1 23 73 Lord Puttnam 2 54 15 69 Judy Verses 2 33 15 48 Jackie Yeaney 2 34 16 50 710 26 74 248 39 304 1,401 1. 2. 3. 4. Promethean Group Jim Marshall 5. 6. I-68
Whitebirk Finance Limited (120) (120) (120) (70) (40) (40) Whitebirk Finance Limited Tony Cann Promethean House Promethean Limited Best Assistant Education Online Limited 15,000,000 5% I-69
31 Chalkfree Limited 100% 100% 100% Promethean 100% 100% 100% (Holdings) Limited Promethean Limited 100% 100% 100% Promethean GmbH 100% 100% 100% * Promethean SAS 100% 100% 100% Promethean Inc. 100% 100% 100% * Promethean Technology 100% 100% 100% (Shenzhen) Limited Promethean World Inc. 1 100% 100% 100% * Promethean Technology Limited 1 100% 100% 100% * 1. * Chalkfree Limited I-70
32 16 20,807 21,112 22,665 20,807 21,112 22,665 56,588 56,367 56,146 8 5 56,596 56,372 56,146 77,403 77,484 78,811 (16,161) (16,161) (16,157) (16,161) (16,161) (16,157) 61,242 61,323 62,654 21 20,000 20,320 20,320 99,796 99,796 99,796 (58,554) (58,793) (57,462) 61,242 61,323 62,654 I-71
33 20,000 99,796 (59,166) 60,630 (254) (254) 866 866 20,000 99,796 (58,554) 61,242 20,000 99,796 (58,554) 61,242 (224) (224) 320 (320) 305 305 20,320 99,796 (58,793) 61,323 20,320 99,796 (58,793) 61,323 (222) (222) 1,553 1,553 20,320 99,796 (57,462) 62,654 I-72
34 Digital Train Limited NetDragon Websoft Inc. 35. Best Assistant Education Online Limited NetDragon Websoft Inc. Promethean Limited 20,000,000 5% I-73
C 10 28 11 1 16 38 9 15 16 9 9 39 9 39 15 15 18 11 13 I-74
16 16 16 17 4 9 15 16 D I-75
1. A. (i) (ii) (i) (ii) II-1
B. Promethean 1 1 2 3 5 6 1,246,117 (49,320) 49,320 1,246,117 1,246,117 438,677 438,677 438,677 55,377 55,377 55,377 953,950 (756,595) 110,307 307,662 648,421 956,083 18,883 18,883 18,883 5,000 5,000 5,000 23,081 23,081 23,081 18,112 18,112 18,112 18,302 18,302 18,302 334,839 (249,927) 84,912 308,008 392,920 3,611 (3,611) 3,611 3,611 3,611 3,115,949 (1,059,453) 163,238 2,219,734 956,429 3,176,163 2,733 2,733 2,733 117,584 (110,024) 110,024 117,584 117,584 3,397 3,397 3,397 234,733 (141,488) 141,488 234,733 234,733 4,339 4,339 4,339 115,918 (22,252) 22,252 115,918 115,918 1,704 1,704 1,704 11,204 11,204 11,204 Promethean 97,993 97,993 (97,993) 170,640 170,640 170,640 11,159 (11,159) 11,159 11,159 11,159 583,091 583,091 583,091 1,126,957 814,712 25,123 1,966,792 (820,242) (19,593) 1,126,957 2,383,459 627,782 310,046 3,321,287 (820,242) (97,993) (19,593) 2,383,459 2,690 (2,690) 2,690 2,690 2,690 2,386,149 625,092 312,736 3,323,977 (820,242) (97,993) (19,593) 2,386,149 II-2
Promethean 1 1 2 3 5 6 507,592 (245,241) 245,241 507,592 507,592 993 993 993 85,039 (59,765) 59,765 85,039 85,039 29,373 (29,373) 29,373 29,373 29,373 2,254 2,254 2,254 9,632 9,632 9,632 97,993 97,993 (97,993) 278,499 278,499 278,499 25,142 (25,142) 25,142 25,142 25,142 95,194 (9,967) 9,967 95,194 95,194 1,033,718 (369,488) 467,481 1,131,711 (97,993) 1,033,718 1,352,431 994,580 (154,745) 2,192,266 (820,242) (19,593) 1,352,431 4,468,380 (64,873) 8,493 4,412,000 136,187 (19,593) 4,528,594 149,993 (142,183) 7,810 142,653 150,463 12,723 12,723 12,723 2,027 (2,027) 2,027 2,027 2,027 164,743 (144,210) 2,027 22,560 142,653 165,213 4,303,637 79,337 6,466 4,389,440 (6,466) (19,593) 4,363,381 36,726 195,395 232,121 (195,395) 36,726 887,340 959,628 1,846,968 (959,628) 887,340 39,464 39,464 39,464 260,714 260,714 260,714 10,035 903,798 913,833 (903,798) 10,035 5,709 5,709 5,709 26,593 49,647 76,240 (49,647) 26,593 49,767 49,767 49,767 (3,253) (8,549) (11,802) 8,549 (3,253) 22,449 22,449 22,449 (48,018) 5,859 61,244 19,085 (61,244) (42,159) 3,006,320 62,489 (2,154,697) 914,112 2,154,697 (16,879) 3,051,930 4,293,846 68,348 6,466 4,368,660 (6,466) (16,879) 4,345,315 9,791 10,989 20,780 (2,714) 18,066 4,303,637 79,337 6,466 4,389,440 (6,466) (19,593) 4,363,381 II-3
C. Promethean 1 1 2 4 5 6 8 1,272,197 (154,857) 1,021,709 2,139,049 2,139,049 (314,161) 124,382 (752,435) (942,214) (58,930) (1,001,144) 958,036 (30,475) 269,274 1,196,835 (58,930) 1,137,905 187,927 579 95 188,601 (589) 188,012 (206,778) 43,350 (243,970) (407,398) (407,398) (520,104) 36,648 (137,126) (620,582) (19,593) (640,175) (446,229) 18,132 (206,944) (635,041) (635,041) (24,092) 753 (1,240) (24,579) (24,579) (9,912) (9,912) (9,912) (61,152) 68,987 (319,911) (312,076) (58,930) (589) (19,593) (391,188) 6,018 6,018 6,018 (15,504) (15,504) (15,504) (2,914) 391 (1,001) (3,524) (3,524) 876 876 876 (9,144) (9,144) (9,144) (5,431) 2,282 (14,568) (17,717) 589 (17,128) (87,251) 71,660 (335,480) (351,071) (58,930) (19,593) (429,594) (100,675) 876 (24,591) (124,390) 12,965 (111,425) (187,926) 72,536 (360,071) (475,461) (45,965) (19,593) (541,019) 12,208 6,801 3,424 22,433 22,433 21,776 21,776 21,776 (153,942) 79,337 (356,647) (431,252) (45,965) (19,593) (496,810) II-4
Promethean 1 1 2 4 5 6 8 (142,979) 62,489 (360,071) (440,561) (45,965) (19,593) 58,950 (447,169) (44,947) 10,047 (34,900) (58,950) (93,850) (187,926) 72,536 (360,071) (475,461) (45,965) (19,593) (541,019) (109,872) 68,348 (356,647) (398,171) (45,965) (19,593) 58,475 (405,254) (44,070) 10,989 (33,081) (58,475) (91,556) (153,942) 79,337 (356,647) (431,252) (45,965) (19,593) (496,810) II-5
D. Promethean 1 1 2 4 5 6 7 (187,926) 72,536 (360,071) (475,461) (45,965) (19,593) (541,019) 100,675 (876) 24,591 124,390 (12,965) 111,425 1,911 (734) 1,177 1,177 (2,804) (2,804) (2,804) 4 4 4 35,437 (13,371) 38,752 60,818 58,930 119,748 119,224 119,224 119,224 113,678 (5,208) 27,517 135,987 135,987 5,431 (2,282) 14,568 17,717 (589) 17,128 667 19 29 715 715 (70,017) (558) (48) (70,623) 589 (70,034) 2,914 (391) 1,001 3,524 3,524 (876) (876) (876) 9,144 9,144 9,144 2,812 2,812 2,812 11,337 (391) 14,431 25,377 25,377 3,353 3,353 3,353 9,912 9,912 9,912 19,593 19,593 38,456 48,744 (122,810) (35,610) (35,610) (6,255) (1,305) 8,298 738 738 (18,925) (39,320) 33,211 (25,034) (25,034) 2,913 2,913 2,913 17,784 2,553 21,260 41,597 41,597 (10,837) (10,837) (10,837) 2,884 42,266 41,862 87,012 87,012 II-6
Promethean 1 1 2 4 5 6 7 569 569 569 (2,291) 1,970 (321) (321) 363 363 363 9,624 9,624 9,624 (5,304) 5,795 (696) (205) (205) (28,981) 60,703 (18,875) 70,809 70,809 (2,734) 2,282 (23,206) (23,658) 589 (23,069) (154,563) (401) (154,964) (154,964) 2,508 2,508 2,508 (128,316) 62,985 (39,974) (105,305) 589 (104,716) 95,255 558 48 95,861 (589) 95,272 (880,985) 809,579 (71,406) (19,593) (775,329) (866,328) (228) (228) (228) Promethean (97,993) (97,993) 97,993 32,676 32,676 32,676 2,029 (210) 229 2,048 2,048 65,396 65,396 65,396 (17,464) (17,464) (17,464) (1,400,760) (1,400,760) (1,400,760) 2,838,633 2,838,633 2,838,633 247,622 247,622 247,622 (9,684) (9,684) (9,684) 3,452 3,452 3,452 (38,202) (38,202) (38,202) (507,379) 1,698 (7,087) (512,768) (512,768) (22,804) (99,960) (122,764) (122,764) 407,557 713,632 (106,770) 1,014,419 97,404 (19,593) (775,329) 316,901 II-7
Promethean 1 1 2 4 5 6 7 97,993 97,993 (97,993) (26) (26) (26) 19,150 19,150 19,150 (117,631) (117,631) (117,631) (239) (239) (239) 260,359 260,359 260,359 28,623 28,623 28,623 (285,838) 38,216 (247,622) (247,622) (70,581) (70,581) (70,581) (194,806) 38,216 126,616 (29,974) (97,993) (127,967) 84,435 814,833 (20,128) 879,140 (19,593) (775,329) 84,218 1,036,788 44,913 1,081,701 (44,913) 1,036,788 5,734 (121) 338 5,951 5,951 1,126,957 814,712 25,123 1,966,792 (19,593) (820,242) 1,126,957 II-8
1. Promethean 2. Promethean 1 9.538 1 9.616 Promethean 3. Promethean 3 820,242 (6,466) (648,421) 142,653 308,008 II-9
Promethean Digital Train Promethean 84,100,000 820,200,000 (i) Promethean (ii) 648,400,000 142,700,000 308,000,000 28,700,000 276,200,000 Promethean Classflow Activboard Activpanel 28,500,000 273,800,000 142,700,000 Promethean 22% 36 Promethean 5 II-10
36 4. 58,930,000 12,965,000 5. Promethean 97,993,000 589,000 6. 19,593,000 7. 775,329,000 820,242,000 Promethean 44,913,000 8. NetDragon (BVI) 86.15% Promethean 58,950,000 Promethean 475,000 II-11
II-2 II-11 II-1 Promethean World Plc 4.29 7 7 II-12
1 4.29(7) 3420 4.29 7 II-13
(a) (b) (c) 4.29(1) II-14
39,600,000 280,800,000 + + + K-12 III-1
VR VR MOBA World Cyber Arena(WCA) IP III-2
3D PVE 2015 (1) 101 101 ND3 K-12 3D VR Promethean III-3
(2) 4.775 5,250 A IDG (3) 100% Promethean 100% 84,800,000 Promethean Promethean Promethean Promethean Promethean 2015 Promethean 107,100,000 118,200,000 9.4% 56,600,000 50,500,000 Promethean ActivPanel (4) 2015 14 400 5,000 III-4
Promethean 100 130 200 3000 Promethean (5) VR VR 3D VR VR VR VR (6) III-5
1. 2. 3. (i) (ii) 43 4. KPMG LLP IV-1
5. 25 20 2001-05 11 (a) (b) KPMG LLP Promethean (c) (d) KPMG LLP (e) (f) (g) 6. IV-2