...................................... Baby 2 Baby 2......... Baby 2........ PPW Sports and Entertainment (Hong Kong) Limited..... E-MAX........... Hit Entertainment Limited......... 28
......... H 3328.............................................................. 1,499,800,000........... 29
........................ CEPA........................... 709 42.9%........... 223......... 32........... Boshiwa International Holding LimitedBoshiwa International Holding Ltd.................. 30.12%......... 30
.......................................... Dr. Frog Dr. Frog....... Dr. Frog E-MAX....... E-max.net Fame Trend........ Fame Trend Investment Limited Wang Xiaofeng........................................ eipo........... 31
......... Shanghai King Lion Co., Ltd.Shanghai King Lion Co., Ltd.Wang Shi MingWang Chun Xia Wong Shi Ming75%25%Wang Shi Ming............. (Warner Bros. Consumer Products Inc.)......................................... 50,000,000................. 32
..... ICP................ (a)144a 144A(b)S..... 450,000,000...................................................... 33
24.6%75.4%.............. PPW Sports and Entertainment (Hong Kong) Limited.......................................................................... 200100............. 40%............................ 34
...... PPW Sports and Entertainment (Hong Kong) Limited...................... 200600100 300............. 40%............................ 35
...................... NBA NBA......... NBANBA NBA..... NBA..................... 4.98 3.88.................. Favor Hero International Limited Favor Hero International Limited The Power Vast Trust The Power Vast Trust The Power Vast Trust Credit Suisse Trust Limited... Baby 2 Dr. Frog NBA....... 36
75,000,000 15%....................... PPSU.................................................................. 144A S............. S.................... 37
............ 144A......... 144A.................... A...... 1.00A........................ 571.............. 38
................................................................. 39
.................................... Zhong Zhi Yong Xie Hong....................... 0.0005.................................. 40
....................... 75,000,000............................. 2 TB International..... TB International Ltd. Trustbridge Partners II, L.P.Trustbridge Partners II, L.P. TB International.......................... Gullane (Thomas) Limited............. 600300............. 40% 41
..... Trustbridge Partners.......... Trustbridge Partners 10................................................ S............................ eipo.......... eipo www.eipo.com.hk eipo.......... Xie Hong.......... Xie Hong......... I...... TB International 80,000,000 II..... TB International 20,000,000 42
........ TB International.... TB International...... TB International 100,000,000........ TB International TB International %................ * * 1.00=0.8744 43