2410 134,034 138,259-3% 135,471-1% 57,867 62,745-8% 57,074 1% 30,067 52,487-43% 37,217-19% 19,230 43,022-55% 23,733-19% 18,619 42,587-56% 23,413-20% 1.951 4.472-56% 2.455-21% 1.915 4.387-56% 2.404-20% 36,667 42,802-14% 36,538 0% 28,139 34,039-17% 25,545 10% 2.949 3.574-17% 2.678 10% 2.896 3.504-17% 2.620 11% 1

269,505 273,562-1% 114,941 125,380-8% 67,284 108,760-38% 42,963 92,030-53% 42,032 90,354-53% 4.407 9.492-54% 4.320 9.299-54% 73,205 85,560-14% 53,684 67,157-20% 5.628 7.055-20% 5.516 6.916-20% 2

WeChat 1,299.1 1,251.4 3.8% 1,288.3 0.8% QQ 568.7 590.9-3.8% 563.8 0.9% 234.7 229.4 2.3% 239.1-1.8% 80%200% 400% 100% QQ QQ 3

2% 2.35 1.22 1 QuestMobile 20%8,300 TME600 2 2 2 Riot GamesVALORANT MiniclipSYBO SYBO 3 Miniclip 3,0007,000 Stunlock 200 1 2 QuestMobile 3 data.ai 4

PaaSTDSQL 30% 5% TDSQL 4 SaaS 4 2021 5

134,034 138,259 (76,167) (75,514) 57,867 62,745 1,945 1,630 4,420 20,763 (7,932) (10,013) (26,233) (22,638) 30,067 52,487 (1,809) (1,942) (4,460) (3,857) 23,798 46,688 (4,568) (3,666) 19,230 43,022 18,619 42,587 611 435 19,230 43,022 36,667 42,802 28,139 34,039 6

3%1,340 71,683 53% 72,013 52% 18,638 14% 22,833 17% 42,208 32% 41,892 30% 1,505 1% 1,521 1% 134,034 100% 138,259 100% 5 717 1%107 PUBG MobileVALORANT 1%318 1%292 5 2%4005%116 7

18%186 17%161eCPM 25%25 1%422 1%761 55%57% 35,380 49% 33,890 47% 11,072 59% 11,697 51% 28,133 67% 28,472 68% 1,582 105% 1,455 96% 76,167 75,514 8

4%354 VALORANT 5%110 1% 281 44 21% 79 7%6% 16%262 9

7%18 4539 10 4 25%46 56%186 17% 281 10

134,034 135,471 (76,167) (78,397) 57,867 57,074 1,945 1,737 4,420 13,133 (7,932) (8,058) (26,233) (26,669) 30,067 37,217 (1,809) (1,935) (4,460) (6,280) 23,798 29,002 (4,568) (5,269) 19,230 23,733 18,619 23,413 611 320 19,230 23,733 36,667 36,538 28,139 25,545 11

1%1,340 1%717 4%318 DnF 1% 107VALORANT PUBG Mobile 292 4%186 618 3%1618% 25 1%422 3%761 58%57% 2%354 12

3%110 4%281 2% 79 2%262 4563 10 22 20%186 10%281 13

EBITDA (a) 38,628 38,283 44,567 76,911 93,922 EBITDA (a) 44,668 46,102 50,347 90,770 103,274 EBITDA(b) 33% 34% 36% 34% 38% 2,327 2,103 1,912 4,430 3,638 (c) (20,429) (11,035) (20,972) (20,429) (20,972) (d) 3,015 6,971 6,936 9,986 14,670 (a) EBITDA EBITDA EBITDA (b) EBITDAEBITDA (c) (d) 14

EBITDA EBITDA 30,067 37,217 52,487 67,284 108,760 (1,945) (1,737) (1,630) (3,682) (3,244) (4,420) (13,133) (20,763) (17,553) (40,284) 5,589 5,686 5,374 11,275 10,677 1,673 1,636 1,089 3,309 2,144 7,664 8,614 8,010 16,278 15,869 EBITDA 38,628 38,283 44,567 76,911 93,922 6,040 7,819 5,780 13,859 9,352 EBITDA 44,668 46,102 50,347 90,770 103,274 15

SSV CPP (a) (b) (c) (d) (e) (f) (g) 30,067 6,507 (5,539) 1,255 2,831 1,370 176 36,667 19,230 8,439 (6,085) 2,989 3,189 1,370 176 (321) 28,987 18,619 8,257 (5,968) 2,767 3,189 1,370 176 (271) 28,139 1.951 2.949 1.915 2.896 22% 27% 14% 22% SSV CPP (a) (b) (c) (d) (e) (f) (g) 37,217 8,136 (18,559) 1,388 7,003 1,348 5 36,538 23,733 9,635 (18,552) 3,163 7,832 1,348 5 (868) 26,296 23,413 9,452 (18,542) 2,857 7,827 1,348 5 (815) 25,545 2.455 2.678 2.404 2.620 27% 27% 18% 19% 16

(a) (b) (c) (d) (g) 52,487 6,202 (20,383) 1,124 3,372 42,802 43,022 7,658 (20,413) 3,140 3,338 (1,605) 35,140 42,587 7,376 (20,537) 2,767 3,331 (1,485) 34,039 4.472 3.574 4.387 3.504 38% 31% 31% 25% SSV CPP (a) (b) (c) (d) (e) (f) (g) 67,284 14,643 (24,098) 2,643 9,834 2,718 181 73,205 42,963 18,074 (24,637) 6,152 11,021 2,718 181 (1,189) 55,283 42,032 17,709 (24,510) 5,624 11,016 2,718 181 (1,086) 53,684 4.407 5.628 4.320 5.516 25% 27% 16% 21% 17

(a) (b) (c) (d) (g) 108,760 9,906 (38,714) 2,186 3,422 85,560 92,030 12,694 (42,644) 5,839 3,516 (1,792) 69,643 90,354 12,231 (42,366) 5,119 3,509 (1,690) 67,157 9.492 7.055 9.299 6.916 40% 31% 34% 25% (a) (b) (c) (d) (e) SSV CPP (f) (g) 18

184,658 188,826 131,257 115,242 315,915 304,068 (183,050) (170,123) (153,294) (144,980) (20,429) (11,035) 204 110 225 357 56 5818 6 6,019 6 19

71,683 72,013 144,421 144,456 18,638 22,833 36,626 44,653 42,208 41,892 84,976 80,920 1,505 1,521 3,482 3,533 2 134,034 138,259 269,505 273,562 4 (76,167) (75,514) (154,564) (148,182) 57,867 62,745 114,941 125,380 1,945 1,630 3,682 3,244 3 4,420 20,763 17,553 40,284 4 (7,932) (10,013) (15,990) (18,543) 4 (26,233) (22,638) (52,902) (41,605) 30,067 52,487 67,284 108,760 (1,809) (1,942) (3,744) (3,309) (4,460) (3,857) (10,740) (2,509) 23,798 46,688 52,800 102,942 5 (4,568) (3,666) (9,837) (10,912) 19,230 43,022 42,963 92,030 18,619 42,587 42,032 90,354 611 435 931 1,676 20 19,230 43,022 42,963 92,030 6(a) 1.951 4.472 4.407 9.492 6(b) 1.915 4.387 4.320 9.299

19,230 43,022 42,963 92,030 292 (11) 242 277 (14) 5 (14) 2 2 2 (8) (24) 6,989 (1,428) 2,528 (7,336) 865 92 4,082 1,255 (379) 53 (192) 434 (17,130) (61,581) 46,522 (120,431) 65,005 2,219 (305) 2,077 (98) (51,615) 44,928 (128,860) 59,539 (32,385) 87,950 (85,897) 151,569 (32,083) 87,511 (84,360) 151,267 (302) 439 (1,537) 302 (32,385) 87,950 (85,897) 151,569 21

59,073 61,914 18,321 17,728 22,622 20,468 6,691 5,923 569 517 177,718 171,376 8 310,209 316,574 6,676 6,614 9 204,398 192,184 10 143,563 250,257 37,335 37,177 5,366 1,261 28,864 26,068 24,945 19,491 1,046,350 1,127,552 2,939 1,063 11 49,446 49,331 66,155 65,390 1,095 1,749 9 14,762 10,573 91,670 83,813 2,594 2,476 184,658 167,966 102,451 413,319 484,812 1,459,669 1,612,364 22

73,700 67,330 (776) (4,745) (4,843) (40,210) 73,901 708,525 669,911 736,494 806,299 67,387 70,394 803,881 876,693 14 162,577 136,936 15 143,232 145,590 9,971 9,966 5,470 5,912 11,401 13,142 18,372 16,501 4,558 4,526 355,581 332,573 13 105,119 109,470 53,326 60,582 14 20,473 19,003 15 10,062 9,656 12,506 2,353 2,240 3,909 3,554 6,086 5,446 89,223 87,846 7(b) 102,451 300,207 403,098 655,788 735,671 1,459,669 1,612,364 23

67,330 (4,843) 73,901 669,911 806,299 70,394 876,693 42,032 42,032 931 42,963 8 8 42 50 (17,130) (17,130) (17,130) (14) (14) (14) (118,329) (118,329) (2,126) (120,455) 2 2 2 5,069 5,069 (464) 4,605 4,002 4,002 80 4,082 (126,392) 42,032 (84,360) (1,537) (85,897) 8,264 (8,264) 3,349 3,349 3,349 (341) (341) (341) 3 3 1,072 37 1,109 35 1,144 219 219 219 11,787 683 12,470 212 12,682 (1,248) (1,248) (1,248) (1,346) 1,346 9 9 9 13 (13) (5,362) (5,362) (5,362) (776) (776) (776) (12,950) (12,950) (374) (13,324) 7(b) 17,809 17,809 17,809 747 747 123 123 (1,856) (1,733) (265) (265) 240 (25) (2) (2) 83 83 26 109 (175) (175) (175) 501 501 (501) 6,370 (776) 98 1,009 4,846 11,547 (1,470) 10,077 73,700 (776) (4,745) (40,210) 708,525 736,494 67,387 803,881 24

48,793 (4,412) 121,139 538,464 703,984 74,059 778,043 90,354 90,354 1,676 92,030 706 706 5 711 2 2 2 65,587 65,587 (582) 65,005 (6,588) (6,588) (846) (7,434) 1,206 1,206 49 1,255 60,913 90,354 151,267 302 151,569 (4,098) 4,098 (2) 2 2,649 2,649 1 2,650 (96) (96) 5 (91) 136 136 851 24 875 24 899 410 410 410 7,866 288 8,154 258 8,412 (1,268) (1,268) (1,268) (863) 863 228 228 228 33 (33) (12,683) (12,683) (102) (12,785) (1,401) (1,401) 806 806 (709) (709) (1,406) (2,115) 141 141 554 695 (16) (16) 762 762 25 787 783 783 783 (638) (638) (638) 956 143 (8,751) (7,652) 7,519 (133) 9,220 (262) (7,839) (12,716) (11,597) 6,397 (5,200) 58,013 (4,674) 172,666 620,202 846,207 80,764 926,971 25

69,523 82,956 (47,731) (101,938) (9,213) 9,584 / 12,579 (9,398) 167,966 152,798 4,113 (1,679) 184,658 141,721 26

1 34 16 3 37 27

2 71,683 18,638 42,208 1,505 134,034 36,303 7,566 14,075 (77) 57,867 1,534 1,738 2,395 6 5,673 4,574 1,682 39 532 6,827 72,013 22,833 41,892 1,521 138,259 38,123 11,136 13,420 66 62,745 1,442 1,255 2,654 27 5,378 4,833 1,911 17 494 7,255 28

144,421 36,626 84,976 3,482 269,505 72,986 14,160 27,574 221 114,941 3,248 3,296 4,896 33 11,473 9,520 4,041 103 980 14,644 144,456 44,653 80,920 3,533 273,562 78,033 20,970 26,018 359 125,380 2,856 2,480 5,288 50 10,674 9,518 3,803 30 1,101 14,452 29

3 (a) 4,971 6,106 23,863 9,590 2,890 2,221 5,810 4,751 (b)9 1,432 14,580 1,077 29,320 702 390 745 540 (c) (2,831) (3,372) (9,834) (3,422) (d) (1,265) (2,538) (1,600) (733) (282) (658) (173) (746) 1,120 (912) 1,278 4,420 20,763 17,553 40,284 (a) 238.63 Sea Limited NYSE SE184.81 8(b) 25.70 32.54 28.12 63.36 (b) 13.018.93 145.59292.971.31 1.840.21 0.23 30

(c) 8(c) 2,743 3,194 9,743 3,194 88 27 91 27 151 201 2,831 3,372 9,834 3,422 (d) SSV CPP 12.5125.04 4 (a) 29,976 30,960 60,875 62,613 (b) 27,550 23,987 56,779 44,388 16,157 16,091 31,890 30,910 (c) 7,644 7,995 16,241 15,838 7,906 6,552 15,382 12,767 7,262 6,463 14,584 12,821 5,290 7,694 10,629 14,175 31

(a) (b) 150.10303.93 128.28241.29 121.91252.58 105.28199.70 65.07146.43 62.0299.06 SSV CPP 0.180.34 (c) 66.70 143.08 72.74144.29 12.5526.43 11.2421.86 (d) SSV CPP 1.192.14 (e) 1.761.81 0.120.17 32

5 (a) (b) 16.5% (c) 25% 15% 10% 15% (d) 12.5% 35% 33

(e) 10% 10%5% 5,709 4,272 12,727 12,651 (1,141) (606) (2,890) (1,739) 4,568 3,666 9,837 10,912 6 (a) 18,619 42,587 42,032 90,354 9,542 9,523 9,538 9,519 1.951 4.472 4.407 9.492 34

(b) 18,619 42,587 42,032 90,354 (88) (57) (191) (206) 18,531 42,530 41,841 90,148 9,542 9,523 9,538 9,519 133 172 147 175 9,675 9,695 9,685 9,694 1.915 4.387 4.320 9.299 35

7 (a) 1.60 1.60152.60152.38 (b) 4.57A 846 171 118 8 179,853 200,785 130,356 115,789 310,209 316,574 4,700.316,346.61 36

316,574 297,609 (a) 6,988 26,413 398 32,710 2,782 6,336 (10,822) (2,580) 51 710 3,349 2,650 (263) (155) (b) (1,203) (2,468) (c)3(c) (9,743) (3,194) 2,098 (1,344) 310,209 356,687 (a) 69.88 (b) Sea Limited14,492,751 A 8.25B A Sea Limited21.3% 18.7%10% 184.81 3(a)Sea Limited (c) 97.4331.94 37

9 12,434 19,802 181,695 163,382 10,269 9,000 204,398 192,184 3 4 14,759 10,569 14,762 10,573 219,160 202,757 202,757 172,537 (a) 19,289 3,469 3(b) 1,077 29,320 (12,102) (14,488) 8,139 (2,506) 219,160 188,332 (a) (i) 239.09 (ii) 43.90 38

10 119,255 227,788 23,134 22,392 1,174 77 143,563 250,257 250,257 213,091 (a) 12,158 21,900 (120,864) 64,758 (4,495) (6,647) 6,507 (1,602) 143,563 291,500 (a) 9(a)(ii) (i) 3.9225.21 (ii) 41.75 (iii) 17.57 (iv) 6.57 39

11 0 30 20,299 21,639 31 60 12,507 13,255 61 90 6,220 6,105 90 10,420 8,332 49,446 49,331 30 9060 90 12 (a) I II III IV I II III I III IV IV 40

II IV II IV 191.64 35,146,117 402.75 81,689,281 116,835,398 384.08 7,261,887 7,261,887 146.42 (550,305) 292.18 (625,939) (1,176,244) 135.50 (19,476) 584.78 (1,009,372) (1,028,848) 192.39 34,576,336 399.88 87,315,857 121,892,193 192.34 34,464,261 374.06 39,696,325 74,160,586 205.36 37,435,134 380.50 67,806,750 105,241,884 617.78 8,592,228 8,592,228 156.24 (915,026) 324.73 (1,072,270) (1,987,296) 393.63 (174,851) (174,851) 206.60 36,520,108 408.39 75,151,857 111,671,965 206.56 36,398,295 383.52 27,658,828 64,057,123 7(b)II IV 3,374,630 843,657 41

(b) 121,314,396 82,594,936 22,260,612 34,514,780 (3,993,977) (2,252,506) (19,437,812) (13,236,489) 120,143,219 101,620,721 18,243 12,131 7(b) 3,606,234 52,000 40,500 13 0 30 101,114 102,396 31 60 1,327 2,999 61 90 245 1,329 90 2,433 2,746 105,119 109,470 42

14 (a) 143,007 136,874 (a) 19,512 (a) 38 47 (a) 3 4 (a) 9 (a) 8 11 162,577 136,936 (b) 16,894 13,340 (b) 200 200 (b) 163 (b) 39 (a) 3,154 4,061 (a) 15 16 (a) 1 1 (a) 4 1,083 (a) 3 2 (a) 300 20,473 19,003 183,050 155,939 43

(a) 217.18 LIBOR 0.80% 1.27% 220.45 LIBOR 0.80% 1.27% 0.60 1.41% 0.60 1.41% 195.12 2.93% 4.80% 3 5.70% 11.11 0.00% 1.86% 12.34 0.00% 2.50% 0.44 TIBOR 1.70% 0.03 1.00% 2.54% 1.52 0.52% 1.00% (b) 170.94 2.45% 4.50% 135.40 2.45% 5.10% 0.20 SONIA 1.75% 0.06 SOFR 1.75% 3.19% 15 143,232 145,590 10,062 153,294 145,590 44

12.50 LIBOR 0.605% 0.910% 12.50 LIBOR 0.605% 0.910% 217 1.375% 4.700% 217 1.375% 4.700% 16 Sumo Group PLC Sumo Sumo LSE: SUMO9% 8.4772.89Sumo 67.05 5% 17 45

73.04 18,604,400 4,831,400 477.40 421.00 2,196,128,575 4,033,000 388.20 352.80 1,500,840,680 7,240,000 390.00 353.20 2,701,808,700 2,500,000 370.00 354.00 905,252,360 18,604,400 7,304,030,315 110,715 94,182 567.79 443.88 46

B.2.2 Ian Charles Stone Jacobus Petrus (Koos) Bekker B.2.2 Jacobus Petrus (Koos) Bekker B.2.2 B.2.2 C.2.1 47

Jacobus Petrus (Koos) Bekker Charles St Leger Searle Ian Charles Stone 48

49

DnF EBITDA ecpm 211 A 50

LIBOR JD US47215P1066 A 9618 0.000024.57A A 51

Miniclip PaaS I II III IV PUBG Riot Games Miniclip Group SA PlayerUnknown s Battlegrounds Riot Games, Inc. 52

SaaS SOFR SONIA SSV CPP Stunlock SYBO TDSQL TIBOR TME Sogou Inc. Stunlock Studios AB Sybo ApS Tencent Music Entertainment Group 53