2 4 6 8 13 17 27 75 76 77 78 80 81 84 217

03888 33 100085 13 1309A Clifton House 75 Fort Street P.O. Box 1350 GT George Town Grand Cayman KY1-1108 Cayman Islands 2015 2

Appleby Trust (Cayman) Ltd. Clifton House 75 Fort Street P.O. Box 1350 GT George Town Grand Cayman KY1-1108 Cayman Islands 183 17 1712 1716 1 22 (86) 10 82325515 (86) 10 82335757 ir@kingsoft.com www.kingsoft.com 10 14 3

689,519 851,402 1,095,913 1,252,753 1,368,811 134,305 286,931 694,389 1,674,060 3,561,739 196,684 272,828 382,967 423,320 745,556 1,020,508 1,411,161 2,173,269 3,350,133 5,676,106 (147,812) (186,939) (297,104) (589,655) (1,319,399) 872,696 1,224,222 1,876,165 2,760,478 4,356,707 (303,848) (385,409) (596,491) (956,097) (1,347,566) (125,873) (234,115) (382,848) (797,416) (1,755,727) (127,498) (147,954) (192,245) (297,412) (442,577) (17,266) (48,472) (61,387) (201,922) (356,012) 41,244 28,609 45,949 30,199 147,364 (10,747) (22,380) (7,287) (29,873) (60,140) 328,708 414,501 681,856 507,957 542,049 834 15,419 37,121 305,367 (72,829) 65,130 97,973 129,462 238,900 194,511 (3,461) (8,702) (24,466) (75,944) (78,067) (1,945) 9,532 4,827 (7,657) (24,005) (4,070) (930) (3,748) (6,868) (19,299) 385,196 527,793 825,052 961,755 542,360 (50,162) (61,359) (71,178) (95,188) (200,656) 335,034 466,434 753,874 866,567 341,704 324,729 432,589 670,746 768,783 369,178 10,305 33,845 83,128 97,784 (27,474) 335,034 466,434 753,874 866,567 341,704 92,241 102,132 109,387 119,438 107,895 0.29 0.38 0.58 0.66 0.29 0.28 0.37 0.55 0.63 0.29 2015 4

1,953,770 2,416,259 4,481,188 6,983,699 8,606,434 85,000 19,000 19,588 19,978 46,657 130,187 200,621 3,014,519 3,641,269 5,804,333 10,381,604 15,484,877 2,213,120 2,674,932 3,830,691 6,116,544 9,911,355 451,768 555,946 938,124 952,264 1,435,334 (616,353) (1,063,120) (44,019) (3,367,589) (471,910) 179,199 9,943 1,121,716 2,950,177 2,233,959 14,614 (497,231) 2,015,821 534,852 3,197,383 5

736.4 67% 51% 69% 5,676.1 27%898.1 16% 6.35 79%Google Play Google Play 113%3,561.7 72%37% 400 GIF 2015 6

9% 3 55%MMO 3DIOS 3 WPSWPS 35%WPS WPS WPS+ WPS 182WPS7718% WPS IOS WPSGoogle Play WPS+ WPS WPS 7

542,384 562,354 607,571 672,779 661,002 617,717 572,374 599,384 2,919,683 3,301,297 3,438,493 3,069,052 2,717,443 2,374,699 2,255,404 1,972,027 44 32 27 33 39 41 43 48 635 567 494 444 395 341 284 223 79% 74% 71% 71% 69% 65% 67% 63% 2,341 1,942 1,596 1,341 1,089 862 662 502 2015 8

1,368,811 1,252,753 3,561,739 1,674,060 745,556 423,320 5,676,106 3,350,133 (1,319,399) (589,655) 4,356,707 2,760,478 (1,347,566) (956,097) (1,755,727) (797,416) (442,577) (297,412) (356,012) (201,922) 147,364 30,199 (60,140) (29,873) 542,049 507,957 (72,829) 305,367 194,511 238,900 (78,067) (75,944) (24,005) (7,657) (19,299) (6,868) 542,360 961,755 (200,656) (95,188) 341,704 866,567 369,178 768,783 (27,474) 97,784 341,704 866,567 0.29 0.66 0.29 0.63 9

5,676.1 69%24%63% 13% 1,368.8 9% 3 3,561.7 113% 745.6 76%i) ii)wps 1,319.4 124% 4,356.7 58%77% 1,347.6 41% 1,755.7 120% 442.6 49% 2015 10

356.0 76% 898.1 27% 16% 72.8 305.4 194.5 19% 369.2 52% 552.3 37% 10% 200.7 111%37% (1) 12.5% 10% 15% (ii) (iii) 11

6,629.31,977.2 56% 36% 41% 3,222.6 2,699.720.0 16.820.0 129.91.5 10.9 1,435.3952.3 806.1 834.1 4,501.8 2015 12

13 55 CMCM XNET VNET (ARD) (ATC) (DS) (IEEE) (ACM) IEEE ACM 200 400 (Technical University of Denmark) (Palo Alto) 51 CMCM 20 1011 12 Australian Business Lawyers 438 1886 631 2868 1733 881 3833

2015 14 40 46 YY CMCM 51 WPS 1.0

43 700 55 Rokid Corporation Ltd. B2B Goodbaby Children Products Group GoodbabyGoodbaby AMF Bowling, Inc. International Distillers China Ltd. (University of Lancaster) Charles Stuart University 41 Ctrip.com International, Ltd. Ctrip.comCTRP XNET Ctrip.com Ctrip.com (Morgan Stanley Asia Limited) (Citigroup Global Markets Asia Limited) 0144 15

(CFA) 61 25 CEO & CIO 700 UCWeb YY NGP NGP AMD AMD 3Com DEC AST 38 3721 3721360 43 KOS Founder Information System Engineering Company 2015 16

17 14 A.6.7C.1.2 A.6.7 C.1.2 (1) (2) (3) (4) (5) 10

2015 18 3.10A

19 3.29 15 A.1.3 14

4/4 1/1 4/4 1/1 4/4 1/1 4/4 0/1 4/4 1/1 4/4 0/1 4/4 1/1 4/4 1/1 4/4 1/1 2015 20

3.21 21

4/4 4/4 4/4 10 2/2 2/2 2/2 2/2 2015 22

3.13 1/1 1/1 1/1 23

15.76 11.92 3.77 3.59 19.53 15.51 COSO (the Committee of Sponsoring Organizations of the Treadway Commission) COSO 2015 24

25 www.kingsoft.com www.kingsoft.com 64 13 1309A 33 100085

13 1309A 33 100085 2015 26

27 4 闗 0.13 0.10 0.13129 151 1,302,479,287 13 18317 1712 1716

2015 28 369.2 2,920.0 51 1.0 0.6 2 6,616 5,296 1,927.9 1,288.0 37 10 7 1 19 20 21 40

335,034 466,434 753,874 866,567 341,704 3,014,519 3,641,269 5,804,333 10,381,604 15,484,877 801,399 966,337 1,973,642 4,265,060 5,573,522 31 15 43 5% 36 29

37 1 2 20% 2015 30

3 10% 35,410,000 18% 15% 6,373,800 13% 1,000 10% 209,750,000 123,250,000 86,500,000 10% 64,497,718 (i) (ii) 2,837 4 1% 0.1%5 1% (a) 0.1%(b) 5 1% (a) 0.1%(b) 5 1% (a) 0.1% (b) 5 1% (a) 0.1% (b) 5 31

2015 32 5 (1) (2) (3) 6 1 7 4.80 (i) (ii) (iii) A1 A1 A1 A1 8

10,000 70,000 x = x + + 53,240 53,240 0.2118 5,274,500 678,400 4,596,100 * 0.2400 10,000 10,000 * 0.2400 28,000 2,000 26,000 * 0.4616 5,365,740 743,640 4,622,100 * 6,500,000 3,000,000 3,500,000 2.89 2,400,000 2,400,000 3.28 8,900,000 3,000,000 5,900,000 33

10% 37 100,000,000 37 2015 34

KOS KOSKOS KOS KOSKOS KOS KOS KOSKOS KOS 37 50,000,000 68,364,500 37 122,545,665 A 37 35

108 3.13 1316 2015 36

XV (a)xv7 8 (b) 352 (c) 1 210,116,248 16.13 142,714,003 10.96 352,830,251 2 27.09 108,032,566 3 8.29 5,666,044 0.44 2,600,000 0.20 409,307 0.03 1. 1,302,479,287 2. 352,830,251(i)174,818,191Color Link Management Limited (ii)35,298,057 (iii) 142,714,003 3. Topclick Holdings LimitedKau Management Limited Kau Management Limited 37

1 2 3 17,660,294 4.83 140,000 0.04 1,200 0.00 1. 2. A365,961,759 3. 30% Go Corporate Limited 100% 4.83% A 1 2 3 39,437,500 4.56 1. 2. 865,037,500 3. Cloud Expert Limited 4.56% 2015 38

XV23 336 5% 1 Color Link Management 174,818,191 13.42 Limited 2 Topclick Holdings 108,032,566 8.29 Limited 3 106,784,515 8.20 4 89,237,446 75,780,128 6.85 5.82 1. 1,302,479,287 2. Color Link Management Limited XVColor Link Management Limited 3. Topclick Holdings LimitedKau Management Limited Kau Management Limited Credit Suisse Trust Limited 4. TCH Saffron Limited XV MIH TC Holdings Limited Naspers Limited TCH Saffron Limited 3 5% 25% 349,0006.8 XV2 39

349,000 19.80 19.20 6,776,280 Color Link Management Limited Morgan Stanley & Co. International plc (i)morgan Stanley & Co. International plc 27.40 100,000,000(ii) 100,000,000 50,000 2,740 27.21 28.30 2,720.6 338.5 1,356,000,000 1,327 16.9363 80,064,713 40,032 16.574116.9363 13.52 2015 40

41 25.27% 3.00% 1,000,00015,000 2,327,000,000 2,277 43.89 53,018,910 42.95 43.89 31.3540.00% 1.25% 1,000,000 6,250 2,277(1) 471.0 (2) 1,658.4 (3) 147.6 16.70 43.29 21,044,154 1,000 2,327 235,084,986 20%

Celestial Power Limited IDG IDG79,873,872 67,199,728B 28.60 24.06(i) 1 1 (ii) (iii) (iv) Cloud Expert Limited River Jade Holdings Limited B IDG 52.29% 3.98% 52.10% 52.29% B B B B B 1 1 B 10% 14A.16 79,873,872B 79,873,872B 0.1% 5% 14A A 0.074226,948,000 A161,688,000A A0.0742 2015 42

2 26,948,000 A 12 161,688,000A (i)1 1 (ii) (iii) Cloud Expert Limited River Jade Holdings Limited (iv) B 26,948,000A 161,688,000 A1.6% 9.6% 52.3% 24.5% 14A 14A 0.1% 5%14A 34% 18% 18% 8% 5% 43

(i) (ii) (iii) 1. B 42 5 14A 0.1% 5% 14A 2. 50% 42 43 2015 44

45 99% 1% (i) (ii) (i)(ii) (iii) (i) (ii) (iii) (iv) (i) (ii)(iii) (iv) (v) (i) (ii) (iii) (iv) (v) (i) 1,200,000 300,000

2015 46 (ii) (iii) (iv) (v) (i) 100,000 (ii) (iii) (iv) 1%

47 (v) 14A I (i) 8,000,000 (ii) 60,000,000 88.235% (iii) (iv) (v)

2015 48 (vi) (vii) 14A II (i) 26 26 26 26 26 26 13,957,896 20.5263% (ii) 26 68,000,000

49 (iii) (iv) (v) (vi) 68,000,000 68,000,000 68,000,000 (vii) (1) (2) (3) (4) (5) (viii) 68,000,000 (ix) (x)

2015 50 (viii) (xi) (xii) 14A III (i) (ii) 9,185,966 13.5088% (iii) 1 2 3 4 1 2 3 4 (iv) 68,000,000

51 (v) (vi) (vii) (iv) 14A IV (i) 1% 680,000 (ii) 680,000 1% (iii) 1 23 1 2 34 (iv) 68,000,000

2015 52 (v) (vi) (vii) (iv) 14A (i) (ii) (iii) (iv)

53 (v) (vi) (vii) VIE (i) (ii) 14A (i) 700,000 6,500,000

2015 54 (ii) (iii) (iv) (v) (vi) (vii)

55 VIE (i) (ii) 14A (i) 10,000,000 (ii) (iii) (iv) (v)

(vi) (i) (v) (vii) VIE (i) (ii) 14A I (i) (ii) 99,0001,000 2015 56

57 (iii) (iv) (v) (vi) (vii) (viii) 100,000 100,000

(ix) (x) (xi) 99,0001,000 19 21 (1) (1) (xii) 100% (xiii) 100% 2015 58

59 14A II (i) 18 18 18 (ii) 3 1 2 3 (iii) (iv) (ix) (1) (1) (v)

2015 60 14A III (i) 19.4946% 179,180 0.009% 1,000 (ii) 179,180 19.4946% 1,000 0.0090% (iii) 1 2 3 1 2 3 (iv) 179,180 (v) (vi)

61 (vii) 14A (i) 10,000,000 (ii) (iii)

2015 62 (iv) (v) (vi) 14A (i)

63 (ii) 14A (i) 3,000,000 (ii) (iii)

(iv) (v) (vi) (i) (v) (vii) VIE (i) (ii) 14A 2015 64

65 (i) 10,000,000 (ii) (iii) (iv) (v) (vi) (i) (v) (vii)

VIE (i) (ii) 14A 3. (i) (ii) (iii) (iv) 2015 66

500 126.77 (i) 450 126.66 (ii) 50 0.11 45 25.90 80 45.12 8 0.92 30 15.98 Apoletto Limited 161,688,000 20.76% 1 1 14A.16 (i) (ii) (iii) (iv) 67

2015 68 (v) (vi) 2,100,000 3% 0.06 (vii) (viii) (ix) 13 4.2% 0.55 (i) (ii)

15 8.98 21 6.71 100105 100 105 250 250 340 TCH Copper Limited 69

340 276.90 100 39.24 YY 50 0.26 2015 70

(i) (ii) TCH Saffron Limited10% 14A.07(5) TCH Saffron Limited 10 0 8.5 0.24 2 0 71

i) ii) iii) iv) PC TCH Saffron Limited 10% 14A.07(5) TCH Saffron Limited 55 2.42 12.05 0 6 0.14 17.5 0.22 78 0.61 62 0 18.5 0 2015 72

(i) (ii) (iii) 4. 44 44 (iv) (v) (vi) 14 A.6.7 C1.2 3000 740 14A.56 73

C ChinaAMC Special Investment Limited AMC IDG AMCIDG 53,016,83344,851,6804,423,784 C31.1026.31 2.59 199,600,000 23.08% 7,485,000 2015 74

76 216 75

5 5,676,106 3,350,133 (1,319,399) (589,655) 4,356,707 2,760,478 (1,347,566) (956,097) (1,755,727) (797,416) (442,577) (297,412) 37 (356,012) (201,922) 5 147,364 30,199 (60,140) (29,873) 6 (72,829) 305,367 8 194,511 238,900 9 (78,067) (75,944) 19 (24,005) (7,657) 20 (19,299) (6,868) 7 542,360 961,755 12 (200,656) (95,188) 341,704 866,567 369,178 768,783 (27,474) 97,784 341,704 866,567 14 0.29 0.66 0.29 0.63 2015 76

341,704 866,567 186,632 (238,806) (940) (3,465) 25,891 6,545 4,367 278,776 (7,099) 559 (688) 490,918 (239,146) 490,918 (239,146) 832,622 627,421 774,513 538,769 58,109 88,652 832,622 627,421 77

15 966,079 583,637 16 272,386 281,066 17 619,037 267,288 18 246,839 197,425 19 74,291 118,153 20 250,009 30,718 21 2,226,302 566,672 22 26,294 10,063 23 12,971 13,555 35 55,304 77,988 24 93,318 162,770 4,842,830 2,309,335 25 5,371 6,945 26 966,000 411,137 27 837,398 515,219 21 50,000 56,913 22 78,378 28 130,187 28 46,657 19,978 28 8,606,434 6,983,699 10,642,047 8,072,269 29 185,417 80,344 30 1,808,689 931,437 31 147,029 15,778 32 425,964 310,983 137,416 56,806 2,704,515 1,395,348 7,937,532 6,676,921 12,780,362 8,986,256 2015 78

12,780,362 8,986,256 30 72,105 22,272 32 24,141 13,535 35 62,540 41,583 31 10,523 33 2,699,698 2,792,322 2,869,007 2,869,712 9,911,355 6,116,544 36 5,092 4,730 36 2,474,663 219,207 36 (34,766) (83,964) 33 72,295 74,505 38 5,353,356 4,346,897 7,870,640 4,561,375 2,040,715 1,555,169 9,911,355 6,116,544 79

36 36 36 33 38 38 4,718 369,052 (53,890) 8,500 10,015 173,228 166,756 500,055 12,596 (89,277) 2,278,468 3,380,221 450,470 3,830,691 768,783 768,783 97,784 866,567 (224,494) (224,494) (6,865) (231,359) (4,832) (4,832) (2,267) (7,099) (688) (688) (688) (224,494) (5,520) 768,783 538,769 88,652 627,421 (110,723) (110,723) (110,723) (45,605) (45,605) 107,496 107,496 95,287 202,783 12 11,844 (4,701) 7,155 7,155 15,089 (38,191) 23,102 33 66,005 66,005 66,005 (10,015) (10,015) 71,952 61,937 (45,163) (45,163) (45,163) (50,966) (50,966) (50,966) 12,285 (12,285) 8,786 8,786 (8,786) 47,821 47,821 71,576 71,576 669,810 669,810 783,802 1,453,612 4,730 219,207 # (83,964) 74,505 185,513 231,360 1,192,967 (211,898) (94,797) 3,043,752 4,561,375 1,555,169 6,116,544 # 2.4 36 36 36 33 38 38 4,730 219,207 (83,964) 74,505 185,513 231,360 1,192,967 (211,898) (94,797) 3,043,752 4,561,375 1,555,169 6,116,544 369,178 369,178 (27,474) 341,704 204,387 204,387 7,196 211,583 200,389 200,389 78,387 278,776 559 559 559 204,387 200,948 369,178 774,513 58,109 832,622 (121,521) (121,521) (121,521) (18,860) (18,860) 308 2,145,716 2,146,024 2,146,024 40 62,223 62,223 183,129 183,129 172,911 356,040 2 2,079 (989) 1,092 1,092 4,035 (38,260) 38,178 3,953 3,953 281 281 296 577 33 65 279,679 (2,210) 277,534 277,534 (13) (50,497) 45,163 (5,347) (5,347) 12,368 (12,368) 4,546 4,546 (4,546) 45,061 45,061 215,413 260,474 5,092 2,474,663 (34,766) 72,295 197,881 # 375,240 # 1,276,487 # (7,511) # 106,151 # 3,405,108 # 7,870,640 2,040,715 9,911,355 # 5,353,356,000 4,346,897,000 2015 80

542,360 961,755 7 990 181 7 3,590 7 187,764 87,504 7 25,250 9,187 7 4,340 3,194 7 134,119 73,488 9 78,067 75,944 8 (194,511) (238,900) 6 41,260 6,401 6 (626) 6 (16,373) 6 (13,000) 6 (527) 6 (15,030) 356,012 201,922 7 7 10,347 19,751 19 24,005 7,657 20 19,299 6,868 6 26,721 (5,619) 6 33,565 8,664 6 1,380 472 6 1,425 6 (116,845) 6 (5,092) (1,968) 6 (9,892) 6 (9,757) 6 (700) 6 (676) (193,632) 6 6,513 7,052 6 23,746 1,264,461 903,191 (526,859) (218,758) 261,687 (115,497) 2,589 (962) 1,562 (3,424) (20,501) (9,855) 64,059 46,797 125,587 92,462 331,499 270,893 (9,759) 81 1,494,325 964,847

48,370 91,358 (107,361) (103,941) 1,435,334 952,264 148,781 144,071 (629,337) (237,281) (50,796) (153,398) 16 (242,000) 28 1,812,606 (1,986,215) (53,303) (61,547) 65,726 40 (126,014) (201,478) 700 (49,500) (104,400) (149,808) (2,910) (27,127) (1,390,504) (774,304) 9,510 6,038 18,192 (6,000) 41 687 200,958 42,828 16,669 36,305 12,544 (122,192) 13,000 (471,910) (3,367,589) 2015 82

2,146,024 33 1,805,872 (12,362) 241,873 141,024 (77,259) (60,987) 1,092 7,155 3,953 13 (121,521) (143,605) (11,606) (45,605) 1,347,477 31 102,048 (5,347) (45,163) (53,032) (43,629) 7,734 2,233,959 2,950,177 3,197,383 534,852 3,193,934 2,677,248 237,958 (18,166) 6,629,275 3,193,934 28 1,553,088 1,026,446 28 5,076,187 2,167,488 6,629,275 3,193,934 83

1. Clifton House, 75 Fort Street, George Town, Grand Cayman, 33 Kingsoft Entertainment Software Holdings 1 100 Limited KES Holdings(iv) Kingsoft Application Software Holdings 1 100 Limited KAS Holdings(iv) (v) 228,721 48.69 Kingsoft Office Software Holdings Limited 2,522,000 73.53 KOS Holdings(iv) Kingsoft Cloud Holdings Limited 947,500 63.95 (iv) Seasun Holdings Limited 3,200,000 76.21 (iv) Jingcai Online Games Holdings 157,500 76.21 Limited(iv) Kingsoft Entertainment Software 10,000,000 100 Corporation Limited 1 100 (iii) 1 48.69 2015 84

1. 15,000,000 73.53 18,600,000 76.21 850,000 76.21 2,000,000 63.95 Kingsoft (M) SDN.BHD 1,000,000 100 Kingsoft Malaysia(iv) Kingsoft Japan Inc. (v) 447,875,000 10.82 34.66 (i)(iv) 10,000,000 100 10,000,000 48.69 (i)(iii)(iv)(vi) 5,000,000 63.95 (i)(ii)(iv) (i)(iv)(vi) 11,080,000 54.43 (i)(iv)(vi) 1,500,000 100 8,000,000 48.69 (i)(iii)(iv) 10,000,000 73.53 (i)(iv) Cheetah Mobile Technology Limited 10,000,000 48.69 Cheetah Mobile Technology (i)(iii)(iv)(vi) (i)(ii)(iv) 1,000,000 76.21 100,000,000 100 (i)(ii)(iv) 85

1. (i)(iv)(vi) (i)(iii)(iv)(vi) (i)(ii)(iv) (i)(iv) (i)(iv)(vi) (i)(iv) 10,000,000 100 300,000 48.69 15,000,000 76.21 215,500,000 100 10,000,000 76.21 10,000,000 76.21 (i) (ii) (iii) (iv) (v) (vi) 60.63% 71.97% 2015 86

2.1 2.4 (a) (b) (c) 87

2.1 (i) (ii) (iii)(i)(ii) (iii) 37 2.2 19 (a) 19 2015 88

2.2 (b) 8 8 1638 24 (c) 3 3 1313 939 13 13 403 40 622 89

2.3 9 2 10 4 28 10 1 12 28 11 1 14 3 15 2 1 1 1638 1641 1 1 27 1 1 1 2 3 4 9 39 9 9 9 102810 28 2015 90

2.3 11 3 11 15 15 15 15 15 15 15 (a) 15 15 91

2.3 (b) 1 (i) (ii) (iii) (iv) 1 16381638 2015 92

2.4 20% 5 93

2.4 2015 94

2.4 95

2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 2015 96

2.4 50 33% 19% 24% 97

2.4 1 10 1 4 1 5 2015 98

2.4 39 99

2.4 (a)(b) 2015 100

2.4 (a)(b) 101

2.4 2015 102

2.4 39 103

2.4 2015 104

2.4 (i) (ii) 105

2.4 (a) (b) 2015 106

2.4 (c) (d) 107

2.4 (e) (f) 2015 108

2.4 (g) (h) (i) (j) (k) 109

2.4 37 2015 110

2.4 622 111

2.4 3. (a) 2,013,399,000 2,440,715,000 3,036,569,000 2,327,509,000 1,336,603,000 835,568,000 2015 112

3. (a) 12,073,000 10,063,00022 2,190,00014,221,00022 (b) 11,270,000 1,049,640,000 417,758,00035 (c) 619,037,000 267,288,00017 (d) 33,565,000 8,664,0002,276,302,000 623,585,00021 113

3. (e) (f) (g) (h) 682,931,000 563,615,000 2015 114

4. (a) (b) (c) 115

4. 1,368,811 3,561,739 745,556 5,676,106 11,207 13,884 75,294 100,385 1,380,018 3,575,623 820,850 5,776,491 (100,385) 5,676,106 514,911 743,436 (2,943) 1,255,404 (1,990) (442,577) (356,012) 147,364 (60,140) (72,829) 194,511 (78,067) (24,005) (19,299) 542,360 (95,542) (171) (95,713) (27,565) (147,774) (150,884) (326,223) * (31,685) (278,464) (451,069) (761,218) (17,892) (21,408) (4,004) (43,304) * 2015 116

4. 1,252,753 1,674,060 423,320 3,350,133 15,211 4,146 58,483 77,840 1,267,964 1,678,206 481,803 3,427,973 (77,840) 3,350,133 587,695 400,067 31,209 1,018,971 (12,006) (297,412) (201,922) 30,199 (29,873) 305,367 238,900 (75,944) (7,657) (6,868) 961,755 (14,940) (22,406) (735) (38,081) (35,804) (72,702) (55,680) (164,186) (60,089) (242,199) (465,246) (767,534) (4,250) (23,519) 13,244 (14,525) 117

4. (a) 3,671,641 2,974,878 1,683,637 261,855 98,310 94,665 222,518 18,735 5,676,106 3,350,133 (b) 1,858,088 1,361,944 10,920 7,551 564,452 149,038 2,433,460 1,518,533 10% 2015 118

5. 1,473,256 1,315,851 3,281,066 1,261,092 207,712 307,704 604,518 385,440 58,830 64,986 50,724 15,060 5,676,106 3,350,133 139,480 29,332 7,884 867 147,364 30,199 119

6. 40 15,030 16,373 13,000 626 527 41 676 193,632 24 116,845 21 5,092 1,968 9,892 40 9,757 700 (6,513) (7,052) 17 (23,746) 19 (1,425) 20 (1,380) (472) 21 (33,565) (8,664) (26,721) 5,619 (41,260) (6,401) (72,829) 305,367 2015 120

7. 10 1,208,021 840,865 246,664 167,821 356,012 201,922 117,182 77,374 1,927,879 1,287,982 477,209 246,931 33,256 14,423 465,120 374,725 (a), 15 187,764 87,504 (a), 16 4,340 3,194 (a), 18 134,119 73,488 * 990 181 * 3,590 * 18 25,250 9,187 * 10,347 19,751 * 1,000 60 15,760 11,920 * (a) 258,451 102,405 42,705 42,595 1,904 2,372 23,163 16,814 326,223 164,186 121

8. 2,482 2,565 191,991 236,330 38 5 9. 194,511 238,900 33 76,211 69,403 6,133 1,069 408 787 10. 78,067 75,944 383(1)(a) (b) (c) (f) 2 845 715 5,314 7,631 2,156 87 72 3,785 5,692 10,031 16,266 37 2015 122

10. (a) 1 106 2 260 112 260 218 325 279 845 715 1 2 (b) 1,901 44 2,353 4,298 2,117 1,211 3,328 776 21 221 1,018 260 260 260 22 282 1 5,314 87 3,785 9,186 1 123

10. (b) 4,392 929 40 3,460 8,821 2,012 614 1,995 4,621 770 613 16 237 1,636 218 218 239 16 255 1 7,631 2,156 72 5,692 15,551 1 11. 10 4,126 3,484 2,575 2,588 455 301 1 128,883 109,475 136,039 115,848 1 2015 124

11. 6,500,0017,000,000 1 7,500,0018,000,000 1 12,500,00113,000,000 1 13,000,00113,500,000 1 18,000,00118,500,000 1 30,500,00131,000,000 1 34,000,00134,500,000 1 60,500,00161,000,000 1 67,000,00167,500,000 1 5 4 37 12. 25% 16.5% 16.5% 35.64%38% 149,720 94,107 20,830 16,308 16,795 13,177 35 13,311 (28,404) 200,656 95,188 125

12. % % 542,360 961,755 135,590 25.0 240,439 25.0 (36,462) (6.7) (199,145) (20.7) (132) (10,982) (1.1) (2,582) (0.5) (13,150) (1.4) (1,594) (0.3) (2,421) (0.3) 60,020 11.1 39,448 4.1 (43,742) (8.1) (23,861) (2.5) 89,780 16.5 51,068 5.3 (9,967) (1.8) (1,427) (0.1) 10,972 2.0 6,503 0.7 11,694 1.2 6,552 0.7 (1,227) (0.2) (9,530) (1.0) 13. 200,656 37.0 95,188 9.9 (a) (b) 0.100.13 109,122 121,509 (1,227) (2,071) 107,895 119,438 (a) (b) 1,573,000121,521,000 2015 126

14. 1,271,480,719 1,165,055,520 369,178 768,783 (2,524) 31,704 366,654 800,487 1,271,480,719 1,165,055,520 9,554,323 13,711,658 5,267,400 10,228,899 80,064,713 1,286,302,442 1,269,060,790 127

15. 256,539 502,680 129,109 4,901 20,433 59,341 973,003 (23,705) (232,614) (117,565) (2,473) (13,009) (389,366) 232,834 270,066 11,544 2,428 7,424 59,341 583,637 232,834 270,066 11,544 2,428 7,424 59,341 583,637 406,261 22,066 1,860 54,588 83,045 567,820 40 3,477 3,477 (691) (1,012) (206) (254) (2,163) (4,682) (172,402) (5,331) (1,380) (3,969) (187,764) 874 140 42 16 1,072 228,152 507,585 27,407 2,744 57,805 142,386 966,079 256,539 897,508 149,092 5,879 65,936 142,386 1,517,340 (28,387) (389,923) (121,685) (3,135) (8,131) (551,261) 228,152 507,585 27,407 2,744 57,805 142,386 966,079 256,539 252,824 123,512 4,320 15,751 40,229 693,175 (19,254) (170,784) (108,383) (1,783) (7,904) (308,108) 237,285 82,040 15,129 2,537 7,847 40,229 385,067 237,285 82,040 15,129 2,537 7,847 40,229 385,067 265,936 6,364 581 4,885 19,112 296,878 40 949 949 (11,091) (11,091) (1,356) (250) (1,606) (4,451) (67,613) (9,699) (690) (5,051) (87,504) 1,201 (257) 944 232,834 270,066 11,544 2,428 7,424 59,341 583,637 256,539 502,680 129,109 4,901 20,433 59,341 973,003 (23,705) (232,614) (117,565) (2,473) (13,009) (389,366) 232,834 270,066 11,544 2,428 7,424 59,341 583,637 2015 128

15. 26,634,000 16. 281,066 42,260 242,000 (4,340) (3,194) 276,726 281,066 288,206 288,206 (11,480) (7,140) 276,726 281,066 4,340,000 129

17. 53,994 53,994 53,994 40 215,328 (2,034) 267,288 267,288 267,288 267,288 40 349,108 (23,746) 26,387 619,037 642,783 (23,746) 619,037 614,394 4,643 619,037 2015 130

17. 262,861 4,427 267,288 23,746,000 5% 5% 131

18. 137,713 67,668 27,229 93,534 16,737 342,881 (68,570) (23,467) (23,082) (27,733) (2,604) (145,456) 69,143 44,201 4,147 65,801 14,133 197,425 69,143 44,201 4,147 65,801 14,133 197,425 55,550 17,556 1,260 74,366 40 94,845 14,710 6,000 115,555 (74,806) (19,452) (4,147) (33,080) (2,634) (134,119) (213) (24,248) (789) (25,250) (1,348) (2,084) (158) (3,590) 17,849 1,423 3,176 4 22,452 161,020 17,396 50,607 17,816 246,839 300,938 80,813 27,229 114,196 24,005 547,181 (139,918) (63,417) (27,229) (63,589) (6,189) (300,342) 161,020 17,396 50,607 17,816 246,839 49,620 27,229 13,537 3,921 94,307 (17,473) (9,468) (6,476) (786) (34,203) 32,147 17,761 7,061 3,135 60,104 32,147 17,761 7,061 3,135 60,104 12,190 67,668 21,098 12,816 113,772 40 54,679 59,256 113,935 (21,608) (15,191) (13,614) (21,257) (1,818) (73,488) (883) (8,304) (9,187) (5,901) (5,901) (1,481) 28 (357) (1,810) 69,143 44,201 4,147 65,801 14,133 197,425 137,713 67,668 27,229 93,534 16,737 342,881 (68,570) (23,467) (23,082) (27,733) (2,604) (145,456) 69,143 44,201 4,147 65,801 14,133 197,425 25,250,000 9,187,000 2015 132

19. 42,238 70,963 33,478 47,190 75,716 118,153 (1,425) 74,291 118,153 (24,005) (7,657) (24,005) (7,657) 74,291 118,153 (i) (ii) 1,683,000 4,692,000 7,021,000 5,338,000 50.5% Cheetah Mobile Technology 67,344 Cheetah Mobile Technology 25,000,000 24,932,65650.5% Cheetah Mobile Technology52.1% 40 133

19. (iii) (iv) 1,425,000 20. 220,327 29,912 31,534 1,278 251,861 31,190 (1,852) (472) 250,009 30,718 (19,299) (6,868) 559 (688) (18,740) (7,556) 577 250,009 30,718 (i) 790,000 478,000 1,268,000 478,000 13,000,000 20% 13,000,0006 2015 134

20. (ii) (iii) (iv) (v) (vi) 35% 21,000,000 45.2%45,000,000 A-2 B 53.2 20% 1,380,000 472,000 21. (i) 1,726,438 399,540 (ii) 549,864 224,045 2,276,302 623,585 (50,000) (56,913) 2,226,302 566,672 186,632,000 238,806,000 24,951,000 3,080,000 135

21. (i) 31,939,676 E90 557,655,000 E 10.01% 368,198,000 336,887,0009,759,000 220,768,000 39,087,125 A18,250,268 B172,012,1791,058,839,000 1,311,867,000 187,795,000 (ii) 549,864,000 224,045,000 6,031,000 28 1710.99228,225,806 A 2.8% 20,000,000122,820,000 1,831,754 B9.57% 2015 136

22. (i) 78,378 (ii) 12,073 10,063 (iii) 14,221 26,294 88,441 (78,378) 26,294 10,063 (i) a. 6%1,000,000 6,361,000A-2 b. 10,000,00061,146,0001,032,000 6,323,000 (ii) (iii) VNGVNG Corporation VNG1,032,917 137

23. 8,201 10,790 44(b) 668 4,102 2,765 12,971 13,555 24. 68,031 112,669 20,468 9,855 4,819 40,246 93,318 162,770 Sky Profit Limited Sky Profit Sky Profit 117 51 36 68 113 25. 299 3,647 5,072 3,298 5,371 6,945 2015 138

26. 986,117 419,499 (20,117) (8,362) 966,000 411,137 0 30 618,235 338,453 31 60 114,974 36,366 61 90 71,687 11,890 91 365 116,429 23,668 44,675 760 966,000 411,137 8,362 8,651 16,711 4,827 (5,880) (875) (112) (4,241) 1,036 20,117 8,362 20,117,000 8,362,00020,117,000 8,362,000 139

26. 624,733 320,240 0 30 114,974 18,213 31 60 71,687 36,366 61 90 114,131 11,890 91 365 21,569 23,668 18,906 760 966,000 411,137 33,398,000 28,575,00045,711,000 10,591,000 27. 99,077 47,563 9,167 16,670 44(b) 129,725 117,411 609,511 344,108 847,480 525,752 (10,082) (10,533) 837,398 515,219 2015 140

27. 10,533 10,751 4,516 1,282 (5,000) (1,500) 33 28. 10,082 10,533 (a) 1,553,088 1,026,446 (a) 4,317,593 1,167,798 758,594 999,690 6,629,275 3,193,934 (a) 356,939 1,706,473 1,620,220 2,083,292 8,606,434 6,983,699 (a) 31 46,657 19,978 (c) 130,187 8,783,278 7,003,677 (b) 4,125,340 3,839,505 4,345,561 1,444,859 287,160 1,697,453 18,725 21,611 6,492 249 8,783,278 7,003,677 141

28. (a) (b) (c) 130,187,000 MobPartner 29. 0 30 138,561 45,073 31 60 10,806 6,148 61 90 4,968 1,979 91 365 22,779 24,852 8,303 2,292 185,417 80,344 23,461,000 1,436,000 16,272,000 1,020,000 2015 142

30. 70,997 37,457 738,722 450,767 769,715 353,144 115,461 57,568 154,526 54,773 34 27,639 44(b) 3,734 1,880,794 953,709 (55,665) (22,272) 34 (16,440) (72,105) (22,272) 1,808,689 931,437 31. (a) 0.75% 16,756 (b) 1.65% 129,872 1.98% 401 147,029 1.98% 2.92% 10,523 157,552 (a) 0.75% 15,778 143

31. 147,029 15,778 2,273 6,558 1,692 157,552 15,778 (a) (b) (c) 100,000,000 20,000,000 16,756,000 20,000,000 15,778,00020,683,000 19,978,000 50,000,000 20,000,000 129,872,000 4,000,000 25,974,000 16,756,000 129,872,00010,924,000 15,778,000 32. 342,773 258,072 63,619 39,598 11,505 9,696 32,208 17,152 450,105 324,518 (425,964) (310,983) 24,141 13,535 2015 144

33. (a) 824,881 1,047,132 (b) 1,874,817 1,745,190 2,699,698 2,792,322 (a) 6,290 8,500 (b) 66,005 66,005 72,295 74,505 (a) 1,356,000,0003 1016.9363 30 0.12 16.70 16.9363 16.70 21,044,154 1,000 145

33. (a) 1,037,587 8,500 3,563 5,982 1,047,132 8,500 (275,370) (2,210) 47,972 5,147 824,881 6,290 (b) 2,327,000,0001.25 1043.89 30 2015 146

33. (b) 43.29 1,845,544 (66,005) (39,672) 1,739,867 (9,214) 14,537 1,745,190 1,745,190 108,529 21,098 1,874,817 147

34. 12,644 11,199 17,656 16,440 30,300 27,639 (2,661) 27,639 (11,199) 16,440 2015 148

35. 3,468 16,978 20,162 975 41,583 40 31,210 31,210 12 (1,224) (8,408) 259 (9,373) (880) (880) 2,244 38,900 20,162 1,234 62,540 66 35,881 17,930 510 2,064 18,563 2,974 77,988 12 (45) (32,327) (8,325) 760 2,224 1,503 11,270 2,256 (22,684) 21 3,554 9,605 1,270 4,288 20,066 11,270 5,230 55,304 149

35. 15 1,205 23,700 5,625 30,545 40 18,196 18,196 (4,336) (4,336) 12 3,453 (2,423) (3,538) (314) (2,822) 3,468 16,978 20,162 975 41,583 266 24,641 7,022 3,418 3,195 13,078 786 52,406 12 (200) 11,240 10,908 (2,908) (1,131) 5,485 2,188 25,582 66 35,881 17,930 510 2,064 18,563 2,974 77,988 * 31,210,000 18,196,000 2015 150

35. 894,641,000 317,742,000 6,398 5,595 37,463 16,316 87,761 116,643 201,641 179,188 561,378 123,448,000 97,142,000 1,049,640 417,758 325,793 15,948 1,375,433 433,706 10% 5% 10% 2,992 2,566 151

36. 2,400,000,000 2,400,000,000 0.0005 9,260 9,260 1,302,479,287 1,184,842,493 0.0005 5,092 4,730 1,159,444,361* 4,718 369,052 (53,890) 319,880 (110,723) (110,723) (50,966) (50,966) 37 4,208,860 12 11,844 11,856 37 4,789,967 15,089 15,089 (3,802,000) (45,163) (45,163) 1,164,641,188* 4,730 219,207 (83,964) 139,973 (121,521) (121,521) 100,000,000 308 2,145,716 2,146,024 37 743,640 2 2,079 2,081 37 1,720,467 4,035 4,035 21,044,154 65 279,679 279,744 (349,000) (13) (50,497) 45,163 (5,347) 1,287,800,449* 5,092 2,474,663 (34,766) 2,444,989 * 14,678,838 20,201,305 (i) (ii) (iii) 27.40100,000,0002,146,024,000 3,802,000 57,218,00045,163,000 349,000 6,776,0005,347,000 743,640 2,608,860 0.2118 0.4616 0.0005 0.4616 371,600,000 2.89 3.282.89 3.28 37 1,092,000 7,155,000 743,640 4,208,860989,000 4,701,000 1,720,4674,789,9674,035,000 15,089,000 2015 152

36. 37 37. (a) 53,240 0.0506 645,300 0.0314 (53,240) 0.0506 (592,060) 0.0296 53,240 0.0506 53,240 0.0506 5,312,500 0.2412 7,329,300 0.2457 (690,400) 0.2406 (2,016,800) 0.2582 4,622,100 0.2412 5,312,500 0.2412 4,622,100 0.2412 5,312,500 0.2412 4,622,100 0.2412 5,365,740 0.2392 4,622,100 0.2412 5,365,740 0.2392 23.60 21.52 153

37. (a) 53,240 (53,240) 5,274,500 (678,400) 4,596,100 * 10,000 (10,000) * 28,000 (2,000) 26,000 * 0.2118 0.2400 0.2400 0.4616 5,365,740 (743,640) 4,622,100 * 53,240 1.08 2.09 2015 154

37. (a) 500,500 (500,500) * 60,300 (60,300) 84,500 (31,260) 53,240 7,125,300 (1,850,800) 5,274,500 ** 10,000 10,000 ** 194,000 (166,000) 28,000 ** 0.0005 0.0353 0.2118 0.2400 0.2400 0.4616 7,974,600 (2,608,860) 5,365,740 * ** (b) 10% 1% 155

37. (b) 0.1% 5,000,000 1 (i) (ii) (iii) 8,900,000 2.95 10,500,000 3.00 (1,600,000) 3.04 (3,000,000) 2.89 5,900,000 2.99 8,900,000 2.95 4,700,000 2.99 4,100,000 2.95 1,600,000 24.78 2015 156

37. (b) 6,500,000 (3,000,000) 3,500,000 2,400,000 2,400,000 2.89 3.28 8,900,000 (3,000,000) 5,900,000 6.20 7.12 7,500,000 (1,000,000) 6,500,000 3,000,000 (600,000) 2,400,000 2.89 3.28 10,500,000 (1,600,000) 8,900,000 157

37. (b) 1,014,000 1,770,00 10,522,100 10,522,10034,00021,401,000 10,522,100 0.81% (c) 1,000 1,000 1,000 0.83 1.8310,000 2015 158

37. (d) 2,837 7.85% (e) 209,750,000 159

37. (e) 75,250,000 0.04 46,300,000 0.04 49,950,000 0.07 53,400,000 0.04 (29,350,000) 0.06 (24,450,000) 0.04 95,850,000 0.05 75,250,000 0.04 % % 50.37% 56.00% % 2.530% 2.145% % 1.3260 0.3839 4,324,000 1,986,000 95,850,0008.40 9.14 2015 160

37. (f) 80,000,000 10% 7,255,000 1.00 6,625,000 1.00 9,765,000 2.29 710,000 1.00 (1,355,000) 2.09 (80,000) 1.00 15,665,000 1.43 7,255,000 1.00 % % 57.00% 50.90% % 1.79% 0.30% % 9.70% 8.50% 0.23 0.29 161

37. (f) 1,883,000 965,000 15,665,0008.14 8.63 64,497,718 55,292,131 0.34 11,005,000 0.31 56,176,131 0.34 (3,087,000) 0.34 (883,000) 0.34 (1,889,800) 0.34 (1,000) 0.34 61,320,331 0.33 55,292,131 0.34 10,023,493 0.33 839,000 0.34 25.14 18.47 2015 162

37. % % 52.6% 63.8% 64.5% 66.2% % 2.40% 2.99% 2.65% 3.22% % 5.5% 7% 0.70% 1.45 2.87 0.9 2.13 139,422,000 126,400,000 61,320,331 7.70 9.50 10,023,493 839,000 (a) 10% 163

37. (a) 11,597,068 13,102,935 285,000 4,168,000 (4,052,000) (883,900) (1,720,467) (4,789,967) 6,109,601 11,597,068 31,000 31,000 16.64 19.45 27,231,000 24,316,000 8,569,237 6,338,237 6,109,601 0.47% 2.58 3.06 2015 164

37. (a) 2,600,000 (2,600,000) 200,000 200,000 300,000 300,000 3,100,000 (2,600,000) 500,000 165

37. (a) 31,000 31,000 2 2 447,500 (447,500) 135,066 (14,000) (89,467) 31,599 2,874,000 (152,000) (812,000) 1,910,000 40,000 (24,000) (16,000) 150,000 (50,000) 100,000 360,000 (120,000) 240,000 200,000 (6,000) (50,000) 144,000 120,000 (60,000) (30,000) 30,000 40,000 (10,000) 30,000 40,000 (10,000) 30,000 64,000 (10,000) 54,000 292,500 (141,000) (57,500) 94,000 90,000 (48,000) (18,000) 24,000 3,453,000 (950,000) 2,503,000 160,000 160,000 75,000 75,000 210,000 (57,000) 153,000 8,497,068 285,000 (1,452,000) (1,720,467) 5,609,601 11,597,068 285,000 (4,052,000) (1,720,467) 6,109,601 2015 166

37. (a) 5,200,000 (2,600,000) 2,600,000 200,000 200,000 400,000 (100,000) 300,000 5,800,000 (2,700,000) 3,100,000 167

37. (a) 31,000 31,000 2 2 50,000 (50,000) 925,000 (15,000) (462,500) 447,500 442,933 (218,400) (89,467) 135,066 4,310,000 (468,000) (968,000) 2,874,000 64,000 (24,000) 40,000 200,000 (50,000) 150,000 480,000 (120,000) 360,000 50,000 (50,000) 270,000 (10,000) (60,000) 200,000 250,000 (130,000) 120,000 50,000 (10,000) 40,000 50,000 (10,000) 40,000 130,000 (66,000) 64,000 325,000 (32,500) 292,500 90,000 90,000 3,593,000 (140,000) 3,453,000 160,000 160,000 7,302,935 4,168,000 (883,900) (2,089,967) 8,497,068 13,102,935 4,168,000 (883,900) (4,789,967) 11,597,068 2015 168

37. (b) 100,000,000 38,398,753 87,772,500 6,380,530 13,244,380 (20,192,560) (56,330,627) (2,383,750) (6,287,500) 22,202,973 38,398,753 1.91 1.27 72,535,000 42,467,000 169

37. (b) 1,273,840 5,270,620 0.09% 5.43 6.43 (c) 122,545,665 A 20,808,900 0.30 (811,000) 0.34 (200,000) 19,797,900 0.30 584,000 15.62 % % 53.1% 63.3% 64.5% 66.2% % 2.68% 2.97% 2.65% 3.22% % 5.5% 7% 0.70% 1.60 2.58 0.9 2.13 2015 170

37. (c) 71,772,000 8.31 (d) KOS Holdings KOS KOS HoldingsKOS Holdings KOSKOS HoldingsKOS KOS Holdings KOSKOS Holdings KOS 54,000,000 KOS KOS KOS 43,200,000 29,050,000 4,340,000 14,750,000 (47,540,000) (600,000) 43,200,000 KOS HoldingsKOS Holdings KOS0.75 0.60 171

37. (d) KOS Holdings KOSKOS (e) 48,000,000 68,364,500 25,000,000 25,000,000 31,582,000 (15,000,000) 41,582,000 25,000,000 3,691,000 1,838,000 8,418,00023,000,000 0.57% 2.911.98 2015 172

37. (a) 4,627,940 (926,023) (11,250) 3,690,667 24,926,000 (b) KOS KOS 3,781,000 173

37. (c) 55,037,500 (10,000,000) (3,600,000) 41,437,500 2,480,000 (d) 1,227,000 2015 174

38. 80 10% 50% 25% 80 175

39. 51.31% 50.74% KOS Holdings 26.47% 27.68% 23.79% 23.79% 60,025 28,389 KOS Holdings 11,429 5,366 379 17,143 18,860 1,507,855 1,228,359 KOS Holdings 166,284 153,318 57,957 75,375 2015 176

39. KOS Holdings 3,575,623 407,731 1,273,735 (3,446,198) (366,601) (1,272,142) 129,425 41,130 1,593 258,924 77,972 6,275 3,037,633 826,349 1,563,504 1,855,797 73,365 145,503 (1,712,342) (236,823) (1,452,353) (107,211) (15,847) (12,401) 974,905 104,332 429,074 (340,595) (34,180) (93,800) 81,693 4,872 (74,456) 716,003 75,024 260,818 KOS Holdings 1,678,206 294,804 564,314 (1,589,709) (275,617) (456,502) 88,497 19,187 107,812 89,373 20,396 107,034 2,090,882 675,042 669,892 908,947 59,697 114,752 (613,531) (165,951) (458,862) (39,485) (15,114) (7,431) 400,914 31,840 208,797 (1,212,252) (31,784) (127,919) 1,374,087 (116,618) 562,749 56 (35,740) 177

40. MobPartner Hong Kong Cheetah Mobile Technology Co., Ltd. MobPartner MobPartner 51,150,000314,237,000(i)44,556,000 273,726,000 (ii)3,794,00023,309,000 2,173,039 A (iii)mobpartner 2,800,00017,202,000 MobPartner 13,515 67,579 6,266 1,207 465 60,150 37,308 1,091 (29,117) (41,774) (7,007) (626) (10,028) 99,029 215,208 314,237 150,128 123,598 17,202 23,309 314,237 2015 178

40. MobPartner 37,308,000 37,308,000 7,022,000 MobPartner (150,128) 60,150 (89,978) MobPartner MobPartner a) 10.5% MobPartner 30 = 35% xebitda/4.4/2 + 35% x /50/2 24.5% b) 7.5% MobPartner30 = 25% x /75 17.5% 2,800,00017,202,000 90% 18% 100% 90% 18% 179

40. MobPartner MobPartner 1,330,000 MobPartner 1,500,0009,740,000 9,757,000 640,0004,159,000 860,0005,581,000 MobPartner155,053,000 40,305,000 5,737,919,000341,278,000 19Cheetah Mobile Technology 50.5% Cheetah Mobile Technology 67,344 Cheetah Mobile Technology 25,000,000 24,932,656 52.1% (i)25,000,000 (ii) 63,488,000 48,458,000 63,488,00015,030,000 2015 180

40. 6,000 10,620 430 2,270 645 26,732 1,043 766 (1,895) (259) (7,361) 38,991 111,720 (62,223) 88,488 25,000 63,488 88,488 1,043,000 1,043,000 (25,000) 26,732 1,732 15,378,000 4,582,000 5,680,891,000335,823,000 181

40. TSF Launcher TSF18,000,000 5,400,00012,600,000 TSF 1,000 360 (198) 1,162 4,238 5,400 5,400 5,400 TSF (5,400) (5,400) TSF TSF 2015 182

40. QuickPic Q Supreme Information Technologies Limited QuickPic7,600,00048,346,000 (i)4,080,00025,954,000 (ii) 2,720,00017,303,000 (iii) 800,000 5,089,000375,780 QuickPic 1,272 7,634 8,906 17,048 25,954 25,954 25,954 QuickPic (25,954) (25,954) QuickPic QuickPic 183

40. SmartShowTM Beijing Kingsoft Cheetah Technology Co., Ltd. Beijing Kingsoft Cheetah Shanghai PowerMo Information Tech. Co., Ltd. PowerMo SmartShowTM Beijing Kingsoft Cheetah (i)smartshowtm 1,000,0006,414,000 (ii)powermo (iii)powermo 2,000,00012,828,000 SmartShowTM 5,300 220 5,520 894 6,414 6,414 6,414 SmartShowTM (6,414) (6,414) SmartShowTMSmartShowTM 2015 184

40. 54,000,000 49,700,000 4,000,000 300,000 27,000,000 1,700 400 817 2,917 23,746 26,663 22,700 3,963 26,663 173,000 (22,700) (22,700) (173) (22,873) 185

40. 23,746,000 a) 13.5 10030 b) 13.5 62 = 13,500,000 * 3,963,000 26% 85% 11% 7% 85% 11% 9,698,000 2,606,000 2015 186

40. (i)20 123 (ii) 6 37,4 24,656,000 A1.64 2,431,775 807,950 13,768 11,170 * (16,749) 132 36,000 31,100 (11,072) 64,349 87,925 152,274 123,284 28,990 152,274 * 187

40. 11,170,000 11,170,000 846,000 (123,284) 13,768 (109,516) (846) (110,362) 6 a) 3 10 b) 3 20 = * 28,990,000 100% 90% 12.7% 90% 90% 12.7% 2015 188

40. 2,966,00018,137,000 2,831,00018,394,000 3,217,000 Fast Run International Limited Fast Run 51.875%16,600,000102,390,000 12,600,00077,718,000 4,000,00024,672,000 1 21 6,662,0008,073,000 189

40. 24,672 15,420 27,756 (7,124) 60,724 98,481 (71,550) 87,655 62,983 24,672 87,655 24,672,000 24,672,000 (62,983) (62,983) 2015 190

40. WowTech Inc. WowTech Kingsoft Japan Inc.WowTech VoIPWowTech Inc. WowTech 95.5%96 5.746 2.7 50 3 WowTech95.5% WowTech 1,559 11 (983) 587 (26) 5,176 5,737 1,367 1,367 3,003 5,737 19,000 191

40. WowTech Inc. WowTech WowTech (1,367) 11 (1,356) (19) (1,375) 2.4 763,0004,955,000 793,0004,923,000 800,000 4,892,000 806,000 2015 192

41. 13,209,366687,000 11 676 687 687 687 687 193

41. 33,000,000203,498,000 1,461 5,865 7,326 2,540 193,632 203,498 203,498 203,498 (2,540) 200,958 2015 194

42. 181,048 57,462 250,103 176,558 1,830 432,981 234,020 422,479,133 178,707,866 43. (a) 820,199 901,921 27,000 12,409 1,052,543 2,222 19,642 849,421 1,986,515 (a) 820,199,000 901,921,000 195

44. (a) (i) 73,706 246,166 (ii) 277,080 73,992 (ii) 39,240 (ii) 4,570 427 (ii) 1,709 (iii) 127,320 60,706 (iii) 15,980 11,695 (iii) 46,040 6,018 (iii) 26,160 5,293 (iv) 2,482 2,565 (i) 0.0742 161,688,000A12 73,706,000 32.77% 0.5 40,000,000 4.71% 20 123,052,000 14,285,714 A 20 123,114,000 2015 196

44. (a) (ii) (i)(ii) (iii) 277,080,000 73,992,000 (i)(ii) (iii) 39,240,000 4,570,000 427,000 WPS Office 2013 V9.6 1,709,000 197

44. (a) (iii) 127,320,000 60,706,000 15,980,000 11,695,000 (i)(ii) (iii) 46,040,000 6,018,000 26,160,000 5,293,000 (iv) 3,075,000 2,482,000 3,252,0002,565,00044(b) 2015 198

44. (b) (i) 88,742 89,062 KOS Holdings (ii) 30,745 28,349 1,189 9,717 130,393 117,411 27 (129,725) (117,411) 23 668 26 45,711 10,591 26 33,398 28,575 30 3,734 29 23,461 1,436 29 16,272 1,020 199

44. (b) (i) (ii) 1.1834 160,000,000 20% 189,344,000 150,301,000 151,475,000 120,241,000 KES Holdings 1.3% 128,000,000 86,855,0001,887,000 KOS Holdings 0.03 KOS Holdings KOS Holdings200,000,000 KOS Holdings 21.05% 6,000,00036,917,000 4,500,000 27,688,000 KOS Holdings 1.3%KOS Holdings 200,000,000 29,151,0001,594,000 2015 200

44. (c) 10 4,952 4,510 317 242 62,380 69,785 67,649 74,537 45. 26,294 26,294 2,276,302 2,276,302 12,971 12,971 966,000 966,000 88,499 88,499 738,321 738,321 130,187 130,187 46,657 46,657 8,606,434 8,606,434 10,589,069 2,276,302 26,294 12,891,665 201

45. 185,417 185,417 23,339 1,375,696 1,399,035 157,552 157,552 2,699,698 2,699,698 23,339 4,418,363 4,441,702 88,441 88,441 623,585 623,585 13,555 13,555 411,137 411,137 122,524 122,524 467,656 467,656 19,978 19,978 6,983,699 6,983,699 8,018,549 623,585 88,441 8,730,575 2015 202

45. 80,344 80,344 53,591 808,340 861,931 15,778 15,778 2,792,322 2,792,322 53,591 3,696,784 3,750,375 46. 12,971 13,555 13,099 13,500 1,726,438 399,540 1,726,438 399,540 88,499 122,524 88,499 122,524 26,294 88,441 26,294 88,441 1,854,202 624,060 1,854,330 624,005 2,699,698 2,792,322 2,699,698 2,792,322 23,339 53,591 23,339 53,591 157,552 15,778 157,552 15,778 2,880,589 2,861,691 2,880,589 2,861,691 203

46. 2015 204

46. 1,726,438 1,726,438 26,294 26,294 1,726,438 26,294 1,752,732 399,540 399,540 88,441 88,441 399,540 88,441 487,981 205

46. 88,441 27,699 53,303 61,548 (67,640) (7,052) (49,650) 6,551 1,840 (305) 26,294 88,441 VNG 5% 1,080,000 1,012,000 5% 135,000 5% 742,000 5% 694,000 694,000 2015 206

46. 23,339 23,339 53,591 53,591 207

46. 53,591 11,974 17,202 32,953 (32,727) (4,923) (18,532) 2,747 13,749 1,058 (162) 23,339 53,591 5% 485,000 519,000 13,099 13,099 2015 208

46. 13,500 13,500 2,699,698 2,699,698 157,552 157,552 157,552 2,699,698 2,857,250 2,792,322 2,792,322 15,778 15,778 15,778 2,792,322 2,808,100 209

47. 16,756,000129,872,00010,924,000 15,778,000 5%5% 158,000 151,000 35%12%) 2015 210

47. 5% (192,275) 5% 192,275 5% (40,823) 5% 40,823 5% (114,599) 5% 114,599 5% (54,994) 5% 54,994 26 211

47. 29 31 33 8,606,434,000 6,983,699,000 80.9%86.5%55.6%67.3% 12,567 36,937 2,910,738 2,960,242 130,651 17,452 9,714 1,873 159,690 154,335 22,779 8,303 185,417 1,608,215 109,351 38,678 124,550 1,880,794 16,046 38,993 3,082,111 3,137,150 15,918 15,918 53,200 24,852 2,292 80,344 530,509 347,066 53,862 22,272 953,709 2015 212

47. 21 5,007.41 5,218.86/ 4,506.49 4,736.05 4,806.91/ 3,999.73 1% 1,726,438 17,264 213

47. (5,573,522) (4,265,060) 15,484,877 10,381,604 36% 41% 48. 49. 102,292,297 C 60 7.5 48.6 50. 2.2 622 2015 214

51. 801,825 482,347 36 94 32,609 30,600 69,436 112,669 903,906 625,710 86,499 81,150 2,249,205 1,174,391 20,683 19,978 2,950,980 1,892,264 5,307,367 3,167,783 18,909 24,478 16,756 15,778 11,694 18,246 311,948 286,958 359,307 345,460 4,948,060 2,822,323 5,851,966 3,448,033 2,699,698 2,792,322 2,699,698 2,792,322 3,152,268 655,711 5,092 4,730 2,474,663 219,207 (34,766) (83,964) 72,295 74,505 634,984 441,233 3,152,268 655,711 215

51. 369,052 (53,890) 8,500 127,668 (149,381) 328,902 630,851 4,230 120,258 124,488 (110,723) (110,723) 11,844 (4,701) 7,143 29,346 29,346 15,089 (15,089) 66,005 66,005 (45,163) (45,163) (50,966) (50,966) 219,207 (83,964) 74,505 137,224 (145,151) 449,160 650,981 185,709 (3,853) 181,856 (121,521) (121,521) 2,145,716 2,145,716 2,079 (989) 1,090 16,919 16,919 4,035 (4,035) 279,679 (2,210) 277,469 (50,497) 45,163 (5,334) 2,474,663 (34,766) 72,295 149,119 # 40,558 # 445,307 # 3,147,176 # 634,984,000 441,233,000 2.4 52. 2015 216

1,356,000,000 3 2,327,000,000 1.25 217

14 Cheetah Mobile Inc A 0.000025A 03888 2015 218

Kingsoft Cloud Holdings Limited A 0.001 A B 0.001 B C 0.001 C Kingsoft Japan Inc. KOS KOS Holdings Kingsoft Office Software Holdings Limited KOS KOS KOS KOS 10 219

571 Seasun Holdings Limited % 2015 220