.................. [ ] [ ]........... [ ] Baby 2 Baby 2......... Baby 2........ PPW Sports and Entertainment (Hong Kong) Limited..... E-MAX........... Hit Entertainment Limited 26
.............................................. 27
CEPA........................... 709 42.9%........... 22 3......... 32........... Boshiwa International Holding Ltd......... [ ]......... [ ] [ ] [ ] [ ] 30.12%......... [ ] 28
.............. [ ].............. Dr. Frog Dr. Frog....... Dr. Frog E-MAX....... E-max.net Fame Trend........ Fame Trend Investment Limited Wang Xiao feng..................................... 29
......... Shanghai King Lion Co., Ltd.Shanghai King Lion Co., Ltd. Wang Shi Ming Wang Chun Xia Wong Shi Ming 75% 25% Wang Shi Ming............. (Warner Bros. Consumer Products Inc.)................... 30
ICP....... [ ] [ ]...................... 31
...... 24.6% 75.4%........ PPW Sports and Entertainment (Hong Kong) Limited...................... 200 100............. 40%.............. 32
...... PPW Sports and Entertainment (Hong Kong) Limited...................... 200 600 100 300............. 40%............................ 33
...................... NBA NBA......... NBANBA NBA..... NBA................... 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 34
....... Dr. Frog Baby 2 NBA....................... PPSU.......................................................................... 35
................................ A...... 1.00 A........................ 36
................................................................. 37
.................................... Zhong Zhi Yong Xie Hong....................... 0.0005 [ ] [ ]............... [ ] [ ] [ ] [ ]........................... 38
........................................ 2 TB International..... TB International Ltd. Trustbridge Partners II, L.P. Trustbridge Partners II, L.P. TB International.......................... Gullane (Thomas) Limited............. 600 300............. 40% 39
..... Trustbridge Partners.......... Trustbridge Partners 10..................... Xie Hong.......... Xie Hong......... I...... TB International 80,000,000 II..... TB International 20,000,000 40
........ TB International.... TB International...... TB International 100,000,000........ TB International %................ * * [ ] 41