CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (THE GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of This report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report. This report, for which the directors (the Directors ) of Lajin Entertainment Network Group Limited (formerly known as China Star Cultural Media Group Limited) (the Company ) collectively and individually accept responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquires, confirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or in this report misleading. Lajin Entertainment Network Group Limited * China Star Cultural Media Group Limited *
2 5 13 17 27 35 37 38 40 42 43 108 2015 1
183 46 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 16 4203 http://www.irasia.com/listco/hk/lajin/ 8172 2 2015
4 2015
China Star Cultural Media Group LimitedLajin Entertainment Network Group Limited 622 16 Lajin Entertainment Network Group Limited * LAJIN ENT 8172 16% (i) (ii) (iii) (iv) * 2015 5
50,000,000 CEO CEO 21 30,000,000 IHQ Inc 1,123,560,000 7,549,000 70% 30% 6 2015
68,323,440 440.7 48.7% 271 61.58% 1,000 2015 7
5,662,000 5,949,000 4.8% 4,429,000 4,807,000 8 2015
2,429,000 5,939,000 59.1% 25.1%25.5% 3,233,000 10,000 15.1%25.5% 11,682,000 259.8% 42,037,000 6,191,000 1,122,000 18,509,000 3,765,000 30,343,000 2,601,000 42,037,000 11,682,000 9,780,000 127,500 1,074,689,000 179,021,000 905,836,000 158,800,000 2015 9
Vision Path First Charm 0.20 2,759,609,727 1,379,804,865 13,798,048.65 1,379,804,862 13,798,048.62 0.19 0.20 0.70 71.4% (i) (ii) (iii) (iv) 538,400,000 (i) 5,000,000,000 (ii) 2,000,000,000 30,000,000 100,000,000 100,000,000 8,000,000,000 2,000,000,000 26 55,192,194 459,934,954 4,599,349.54 1.05 482,900,000 1.05 1.31 19.85% 0.19 10 2015
2,814,801,922 1,324,612,668 1,394,329,124 1,379,804,865 1,379,804,862 538,400,000 459,934,954 482,600,000 187,700,000 (i) 100,600,000 (ii) 39,300,000 (iii) 47,800,000 Best of Us Company Limited Young Film Company Limited 51% 49% (i) (ii) 150,000,000 228,438,228 2015 11
3.2%2.4% 1,357,000 9,475,000 592,000 38,799,000 2,502,000 50,210,000 158,800,000 905,836,000 15,738,000 112 105 7 33 12 2015
36 14 42 159 500 1821381 46 20 10 2015 13
48 493 56 11351883 500 21 52 14 2015
56 62 PANDA! 2015 15
CEO 12 300 8,000 15 CEO 16 2015
35 36 2015 17
13 16 86(2) 87(1) 18 2015
5.09 A.2.1A.4.1 A.6.7 (a) A.2.1 (b) A.4.1 (c) A.6.7 2015 19
14 13/13 1/1 1/1 0/0 10/10 3/3 3/3 0/1 12/12 3/3 0/1 1/1 0/0 12/12 3/3 3/3 3/3 1/1 12/12 3/3 3/3 3/3 1/1 6/6 0/0 * 8/8 2/2 * 3/4 1/1 1/1 1/1 1/1 * 3/4 1/1 * 3/4 1/1 1/1 1/1 1/1 * 5/8 1/1 1/1 1/1 1/1 * 20 2015
A.6.5 2015 21
3 3 3 3 3 3 3 3 3 3 3 22 2015
1,000,000 4 1,000,001 1,500,000 5.28 (a) (b) (c) 2015 23
790,000 570,000 14,000 55,000 5.48 5.67 24 2015
13 15 2015 25
21 20 14 10 http://www.irasia.com/listco/hk/lajin/index.htm 16 4203 http://www.irasia.com/listco/hk/lajin/index.htm 26 2015
5 12 36 17 7 37 108 15 26 40 28 2015 27
575,000 7,221,000 37 28 2015
86(2) 87(1) XV 352 (i) 0.01 8,000,000 0.28% 12,000,000 0.43% 1,000,000 0.04% 1,000,000 0.04% 1,000,000 0.04% 1,000,000 0.04% 1,000,000 0.04% 2015 29
58,000,000 15,000,000 1.088 23.03(9) (i) (ii) (iii) 156,967,477 5.58% 18 30 2015
336 5% 0.01 (vi) (i) 965,863,405 1,016,698,320 1,982,561,725 70.43% (i) 965,863,405 1,016,698,320 1,982,561,725 70.43% (i) 965,863,405 1,016,698,320 1,982,561,725 70.43% (i) 965,863,405 1,016,698,320 1,982,561,725 70.43% (i) 965,863,405 1,016,698,320 1,982,561,725 70.43% (ii) 459,934,954 459,934,954 16.34% (ii) 459,934,954 459,934,954 16.34% Famous Peak Investments Limited (ii) 459,934,954 459,934,954 16.34% Vision Path Limited (iii) 206,970,730 217,863,925 424,834,655 15.09% (iii) 206,970,730 217,863,925 424,834,655 15.09% First Charm Investments Limited (iv) 151,778,535 159,766,879 311,545,414 11.07% (iv) 151,778,535 159,766,879 311,545,414 11.07% Best of Us Company Limited (v) 228,438,228 228,438,228 8.12% (v) 228,438,228 228,438,228 8.12% (i) Vision Path LimitedVision PathFirst Charm Investments Limited First Charm 965,863,405 965,863,404 0.20 0.19 1,016,698,320 55% 45% 100% 100% (ii) 459,934,954 Famous Peak Investments Limited 2015 31
(iii) (i) Vision Path 206,970,730 206,970,729 (ii) 217,863,925 Vision Path 100% (iv) (i) First Charm 151,778,535 151,778,535 (ii) 159,766,879 First Charm 100% (v) Young Film Company Limited 51% 49% Best of Us Company Limited (i) (ii) 228,438,228 150,000,000 Best of Us Company Limited 100% (vi) (i) (iii) (iv) 1,394,329,124 26 336 5% 44.26% 95.98% 21.71% 82.79% 5% 32 2015
Young Film Company Limited 19.8 190.9 182.6 247.1 20.99 20.53 20.57 2015 33
3000 740 20.54 24,000,000 19,800,000 0.1% 5% 30(a) (b) 5.09 34 2015
11 31 LAJIN ENTERTAINMENT NETWORK GROUP LIMITED * CHINA STAR CULTURAL MEDIA GROUP LIMITED * 37 107 Lajin Entertainment Network Group Limited * 90 2015 35
P05467 36 2015
7 5,662 5,949 (4,807) (4,429) 855 1,520 8 1,123 685 (42,037) (11,682) 9,780 2,253 5,261 (97) (4) (638) 9 (30,380) (2,601) 10 (30,380) (2,601) (2,043) (2,043) (32,423) (2,601) (30,343) (2,601) (37) (30,380) (2,601) (32,386) (2,601) (37) (32,423) (2,601) 12 (1.39) (0.35) 2015 37
15 7,267 8 16 592 17 4 18 20,026 19 4,971 19 2,586 20 5,847 20 39,135 79,832 604 21 17,115 16 38,799 22 50,210 2,502 23 12 24 905,836 158,800 994,857 178,417 9,475 1,357 300 2,875 23 3 3 23 602 23 24,424 25 34,804 4,235 960,053 174,182 1,039,885 174,786 1,039,885 174,786 38 2015
26 28,147 9,198 26 13,246 998,526 165,588 1,039,919 174,786 (34) 1,039,885 174,786 2015 39
i ii iii iv v 5,056 47,383 28,294 4,265 (10,805) 74,193 9 74,202 (2,601) (2,601) (2,601) (9) (9) 4,000 103,000 107,000 107,000 (3,806) (3,806) (3,806) 142 4,123 (4,265) 9,198 150,700 28,294 (13,406) 174,786 174,786 (30,343) (30,343) (37) (30,380) (2,043) (2,043) (2,043) (2,043) (30,343) (32,386) (37) (32,423) 18,397 13,798 740,495 772,690 772,690 136,325 136,325 136,325 552 (552) 2,256 2,256 2,256 (13,752) (13,752) (13,752) 3 3 28,147 13,246 1,013,768 2,256 28,294 (2,043) (43,749) 1,039,919 (34) 1,039,885 40 2015
(i) (ii) (iii) (i) (ii) (iv) 32 (v) 2015 41
(30,380) (2,601) (803) (433) 4 638 1,251 134 1,579 320 97 (105) 2,256 (9,780) (2,253) (5,261) (37,460) (7,877) 26,895 (14,862) 50 (47,479) 653 (38,207) (12) 6 8,118 (1,241) (2,575) (2,339) 3 24,424 602 (65,694) (25,607) 574 433 (65,120) (25,174) (8,696) (20,440) (7,549) (39,332) (5,847) 27,675 29 8,629 29 (4,304) (81,864) 32,000 909,015 107,000 (13,752) (3,806) 3 895,266 103,194 748,282 110,020 158,800 48,780 (1,246) 24 905,836 158,800 42 2015
1. Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 16 4203 17 36 2. 19 19 24 2015 43
3. 1 1 16 38 1 16 41 1 27 1 1 9 3 10 4 28 10 1 12 28 11 1 14 2 15 3 1 2 3 4 16 38 16 38 a) b) 16 38 44 2015
3. 9 9 9 9 a) b) 9 39 9 9 39 39 9 39 9 9 2015 45
3. 15 15 15 18 11 15 15 15 15 15 15 46 2015
4. 622 2 17 2 36 1 2 3 1 2 1 3 2015 47
4. 48 2015
4. (i) (ii) 39 12 19 2 5 2015 49
4. 39 37 50 2015
4. 39 36 36 39 2015 51
4. 52 2015
4. 2015 53
4. 5% 30,000 25,000 54 2015
4. 2015 55
4. 20% 20% 25% 33 1 / 3 % 56 2015
4. 2015 57
4. 58 2015
4. (i) 3 (ii) (iii) 2015 59
4. 39 34 (a) (b) (c) 60 2015
4. 2015 61
4. 62 2015
4. 2015 63
4. 64 2015
4. (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 2015 65
5. 4 17 66 2015
5. 6. 8 (i) (ii) 2015 67
6. (a) 2,429 5,939 3,233 10 5,662 5,949 (185) (1,392) 213 (484) 28 (1,876) 900 308 (40,987) (7,909) 9,780 2,253 5,261 (97) (4) (638) (30,380) (2,601) (30,380) (2,601) 68 2015
6. (b) 1,255 2,407 76,688 2,072 77,943 4,479 996,746 174,542 1,074,689 179,021 364 3,181 5,029 5,393 3,181 29,411 1,054 34,804 4,235 2015 69
6. (c) 5 5 2 1,244 129 1,251 134 1,579 1,579 320 320 (377) (8) (795) (56) (803) (433) 4 638 4 638 4 4 (d) * 3,682 2,560 4,806 1,980 3,359 1,466 600 30 995 5,662 5,949 7,267 600 * 70 2015
6. (e) 10% 2,506 1,049 1,000 600 1,261 684 597 10% 7. 2,429 5,939 3,106 127 10 5,662 5,949 8. 803 433 185 252 30 105 1,123 685 2015 71
9. 823 760 1,251 134 1,579 320 (9,780) (2,253) 97 6,191 1,122 18,509 3,765 1,210 88 1,170 20,889 3,853 10. 16.5% 25% 22% 113,272,000 102,417,000 72 2015
10. (30,380) (2,601) (7,179) (429) 1 105 7,724 1,050 (2,337) (1,073) 1,791 347 11. 12. (30,343) (2,601) 2,176,185 742,896 2015 73
13. 352 263 13 407 1,035 190 425 615 30 30 30 380 5 415 51 51 51 51 188 51 239 188 51 239 120 51 171 30 30 30 30 30 30 1,188 643 18 1,087 2,936 74 2015
13. 30 30 120 120 30 79 109 63 63 28 1,430 17 1,475 120 120 120 120 120 120 631 1,509 17 2,157 27 2015 75
14. 13 2,262 1,171 51 52 744 3,057 1,223 1,000,000 4 4 27 5% 30,000 25,000 76 2015
14. 15. 2,372 257 2,629 (2,372) (217) (2,589) 40 40 5,456 1,539 1,701 8,696 (133) (36) (55) (224) 5,323 1,543 1,646 8,512 790 118 908 118 16 134 (908) (102) (1,010) 32 32 963 108 180 1,251 (29) (3) (6) (38) 934 137 174 1,245 4,389 1,406 1,472 7,267 8 8 2015 77
16. 7,958 7,958 41,117 41,117 (10,276) (10,276) 38,634 (38,634) 36,316 2,483 38,799 7,046 7,046 320 320 7,366 7,366 (7,366) (7,366) 36,316 2,483 38,799 592 592 14.76% 78 2015
16. 320,000 592,000 17. 2,325 2,325 (2,325) (2,321) 4 1,000,000 77,500 50% 50% 2015 79
17. 4 638 4 18. 20,026 80 2015
19. 7,549,000 4,866,000 2,683,000 4,866 2,683 105 (97) 4,971 2,586 9.2% 2015 81
19. 32,742.78 32,650.20 40,635.00 40,635.00 54% 55% 0% 0% 5 5 1.8% 1.8% 10 443 (10) (415) 20. (a) 5,847,000 4,900,000 49% (b) 82,000,000 68,323,000 39,135,000 82 2015
21. 17,115 22. 2,569 2,073 36,268 416 11,373 13 50,210 2,502 240,000 2,059,000 24,000,000 2015 83
23. 24. 905,836 158,800 2,000 2,000 2,000 4,593,000 25. 0.487 0.436 (a) (b) 84 2015
25. 6,200,000 4,265 (4,265) 26. 0.01 3,000,000 30,000 3,000,000 30,000 i 5,000,000 50,000 8,000,000 80,000 3,000,000 30,000 919,869 9,198 505,649 5,056 i 1,379,805 13,798 ii 55,192 552 iii 459,935 4,599 iv 400,000 4,000 v 14,220 142 2,814,801 28,147 919,869 9,198 2015 85
26. 0.01 i 2,000,000 20,000 2,000,000 20,000 i 1,379,805 13,798 ii (55,192) (552) 1,324,613 13,246 (i) 2,759,609,727 1,379,804,865 1,379,804,862 0.20 551,922,000 (i) 5,000,000,000 (ii) 2,000,000,000 30,000,000 100,000,000 100,000,000 8,000,000,000 2,000,000,000 1,379,804,865 1,379,804,862 0.01 538,400,000 (i) (ii) (iii) (iv) 0.2 (iii) 0.19 86 2015
26. (ii) 136,325,000 717,498,529 55,192,194 552,000 552,000 10,486,000 (iii) 459,934,954 1.05 482,600,000 (i) (ii) (iii) (iv) (iv) 0.28 300,000,000 0.01 81,019,000 (v) 6,200,000 0.436 14,220,183 27. (i) (ii) (iii) 10% 30% 2015 87
27. (iv) 1% (v) (a) 0.1% (b) 5,000,000 (vi) (vii) (viii) 28 1 (ix) a. b. c. (x) 58,000,000 88 2015
27. * 12,000,000 12,000,000 8,000,000 8,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 25,000,000 25,000,000 33,000,000 33,000,000 58,000,000 58,000,000 58,000,000 1.088 1.088 * 0.990 1.088 % 66.659% 3 % 0.806% 1.07 17,950,000 2,256,000 2015 89
28. (a) 139,386 10,983 33,660 377 849,579 156,831 1,022,625 168,191 21 21 2,566 1,051 2,587 1,072 1,020,038 167,119 1,020,038 167,119 1,020,038 167,119 28,147 9,198 13,246 978,645 157,921 1,020,038 167,119 90 2015
28. (b) i ii iii iv 47,383 28,294 4,265 (18,854) 61,088 (2,219) (2,219) 103,000 103,000 (3,806) (3,806) 4,123 (4,265) (142) 150,700 28,294 (21,073) 157,921 (44,600) (44,600) 740,495 740,495 136,325 136,325 2,256 2,256 (13,752) (13,752) 1,013,768 2,256 28,294 (65,673) 978,645 (i) (ii) 2015 91
28. (b) (iii) (i) (ii) (iv) 32 29. (a) 24.40 5,261,000 1 9 10 6 (73) (5,205) (5,252) 92 2015
29. (a) 5,252 9 5,261 (6) (6) (b) 4,340,000 5,000 21 6,171 36 (1,888) (9,002) (4,662) 9,002 4,340 2015 93
29. (b) 4,340 (36) 4,304 166,000 207,000 94 2015
29. (c) 8,673,000 13,501,000 18,437 192 8 38 (2) (10,000) (13,501) (4,828) 13,501 8,673 8,673 (8,673) 8,673 (38) 8,635 2015 95
30. (a) Dance Star Group LimitedDance Star Dance Star 4,340,000 Dance Star 8,673,000 13,501,000 (b) (i) 1,110 (i) (c) 2,150 2,140 31 17 1,470 3,651 2,157 (d) 23 96 2015
31. 15,738 32. 8,149 13,308 21,457 33. 34. 20,026 2,586 17,115 924,761 160,886 34,504 1,360 2015 97
34. 12,651 1,069 2 2 7,559 98 2015
34. 5% 5% 5% 5% 5% 633 53 378 5% 856,000 2015 99
34. % 9,475 9,475 9,475 3 3 3 602 602 602 24,424 24,424 24,424 34,504 34,504 34,504 1,357 1,357 1,357 3 3 3 1,360 1,360 1,360 100 2015
34. (i) (ii) (iii) 2015 101
34. 13 3 1 1 2 2 1 3 1 2 3 2,586 2,586 17,115 17,115 102 2015
34. 3 2,683 (97) 2,586 1 2 3 3 2015 103
35. (i) 25,029 3 (905,836) (158,800) (880,807) (158,797) 1,039,919 174,786 2.4% 0.0% (i) 23 104 2015
36. Anglo Market International Limited 1 100% Best Version Holdings Limited 1 100% Dance Star Group Limited 1 100% 290,000,000 100% 1 100% Lajin Film Co., Limited 1 100% Lajin Korea Company Limited 300,000,000 100% 1 100% Lajin Sino-Korean Entertainment Holdings Limited 1 100% 1 100% Lajin Sports Holdings Limited 1 100% 1 100% 2015 105
36. Young Film Company Limited Young Film 1,000 51% 2 51% 250,000,000 100% 10,000,000 100% 50,000,000 100% Young Film 106 2015
37. 15,000,000 125,800,000 Best of US Company LimitedBest of US Young Film 51% Best of US Young Film 49% Young Film Best of US Best of US 150,000,000 228,438,228 38. 2015 107
5,662 5,949 15,698 26,547 44,330 (30,380) (2,601) (12,829) (12,008) (8,836) (30,380) (2,601) (12,829) (12,008) (8,836) (3,092) (11,415) (30,380) (2,601) (12,829) (15,100) (20,251) (30,343) (2,601) (12,828) (15,100) (20,251) (37) (1) (30,380) (2,601) (12,829) (15,100) (20,251) 1,074,689 179,021 82,902 95,632 112,809 (34,804) (4,235) (8,700) (12,876) (14,953) 1,039,885 174,786 74,202 82,756 97,856 108 2015