Huanxi Media Group Limited * 21 Holdings Limited 21 * 1003 (1) (2) (3) (4) 5 14 15 16 28 88 7 42 44 (48) 183 17M *

.............................................................. 1........................................................ 5............................................... 15................................................. 16.............................................. 29............ 36................................................. 42 1 1.22 i

(i) (ii) 21 1003 Concept Best Concept Best Limited Dayunmony Dayunmony Investment Corporation 1

1 6 (i) (ii) Newwood Newwood Investments Limited Sinofocus Media (Holdings) Limited 2

10% 10% 571 88 7 (i) (ii) (iii) 0.01 3

(Lost in Hong Kong) (i) (ii) 47.5% % 4

Huanxi Media Group Limited * 21 Holdings Limited 21 * 1003 Canon s Court 22 Victoria Street Hamilton HM12 Bermuda 16 47 4702 (1) (2) (3) (4) (i) (ii) (iii) * 5

(iv) (v) (vi) (vii) (i) Sinofocus Media (Holdings) Limited (ii) 6 150,000,000 183,000,000 (i) 60,000,000 73,200,000 (ii) 90,000,000 109,800,000 60,000,000 (i) (ii) 6

47.5% 52.5% (i) (ii) 150,000,000 183,000,000 (a) (b) (c) (d) (e) (f) (d) (c) 60,000,000 7

(2012) 200,000,000 1,600,000,000 2,600,000 6 8

1,600,000,000 150,000,000 (a) 15 (b) (i) (ii) 9

(2012) 300251 (i) 183,000,000 329,000,000 (ii) 967,000,000 2,840,000,000 6,253,000,000 (i) (ii) 10

5% 25% 14A 14 13.74 13.51(2) 10% 10% 11

577,138,852 57,713,885 1,731,416,556 2,308,555,408 57,713,885 2.50% 230,855,540 10% 30% 30% (a) (b) 10% 12

88 7 (i) (ii) (iii) 14A.36 438,625,528 19.0% 42 44 48 183 17M 15 16 28 13

14

Huanxi Media Group Limited * 21 Holdings Limited 21 * 1003 16 28 * 15

29 20 Sinofocus Media (Holdings) Limited 5% 25% 14A (1) (2) 16

(a) (b) 13.84 (1) (2) 1. 17

1,600,000,000 (a) (b) (2012) 200,000,000 2. (A) Sinofocus Media (Holdings) Limited 6 18

(B) 150,000,000 183,000,000 (i) 60,000,000 73,200,000 (ii) 90,000,000 109,800,000 60,000,000 (i) (ii) (C) 60,000,000 19

3. 1,600,000,000 www.cbooo.cn ) (www.cbooo.cn) (2012) 200,000,000 (www.cbooo.cn) 183,000,000 91% 20

4. (a) (b) 47.5% 5% 3% 6% 50% 60% 12% 21

5% 3% 6% 50% 60% 12% 3636 ( )50% 55% 1 % 5 % 51% 60% 50% 60% 2,600,000 150,000,000 22

1,600,000,000 1 1,608.7 1,608.7 (80.4) (80.4) 2 (96.5) (48.3) 1,431.8 1,480.0 3 (859.1) (740.0) 572.7 740.0 (68.7) (88.8) 504.0 651.2 (150.0) (150.0) 354.0 501.2 47.5% 47.5% 168.2 238.1 23

1. 2. 6% 3% 3. 60% 50% 168,200,000 238,100,000 150,000,000 18,200,000 88,100,000 (a) 6 (b) 24

25

26

(a) (b) 6 (i) (ii) 18,200,000 88,100,000 (iii) 1,600,000,000 27

150,000,000 18,200,000 88,100,000 (1) (2) (3) 1 6 1 1.22 28

1. 2. XV (i) XV 7 8 (ii) 352 (iii) 1,431,304,354 1 62.0% 1,431,304,354 2 62.0% 1,431,304,354 3 62.0% 46,171,108 4 2.0% 46,171,108 5 2.0% 1. Newwood 461,711,082 92,342,216 Newwood Newwood 317 Newwood 317 Newwood 29

2. 438,625,528 317 Newwood 3. 438,625,528 317 Newwood 4. Dayunmony 5. Concept Best XV (i) XV 7 8 (ii) 352 XV 2 3 (a) Newwood (b) (c) (d) Dayunmony (e) Concept Best 3. 31,900,000 96,600,000 67.0% (i) (ii) (iii) 30

6,100,000 3,100,000 4. 5. 8.10 31

(i) (ii) (i) (ii) (i) (ii) (iii) (a) (b) 32

(c) (a) (b) (d) (e) (a) (b) (c) (a) (b) (a) (b) (c) 33

(d) 14A (a) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 6. 34

7. 1 6 8. 16 47 4702 (a) (b) 9. 35

54 1060 9 419 2 260,000 1,431,304,354 Newwood 461,711,082 92,342,216 438,625,528 438,625,528 XV 52 36

IBM Vanderbilt University (Juris Doctor) Chambers 7,200,000 38 10,000,000 100,000,000 1,169,000,000 187,000,000 2 240,000 1,431,304,354 Newwood 461,711,082 92,342,216 438,625,528 438,625,528 XV 37

43 2 200,000,000 2 240,000 1,431,304,354 Newwood 461,711,082 92,342,216 438,625,528 438,625,528 XV 53 (Juris Doctor) Milbank, Tweed, Hadley& McCloy 38

500 Global Council of Asia Society Brookings Doha Energy Forum (Energy Intelligence Group) China Energy Security Institute (Juris Doctor) 2 240,000 46,171,108 Dayunmony 46,171,108 XV 70 1299 39

2 240,000 46,171,108 Concept Best 46,171,108 XV 44 15 BIDU China Kanghui Holdings Inc. KH 2018 BONA DiDi-Kuaidi Lotus Development, IBM Software Company Lotus 2 240,000 50 20 002467 40

E-Commerce China Dangdang Inc. DANG Kongzhong Corp. KZ Beijing Industry University 2 240,000 XV 13.51(2)(h) (v) 41

Huanxi Media Group Limited * 21 Holdings Limited 21 * 1003 88 7 1. Sinofocus Media (Holdings) Limited Sinofocus Media (Holdings) Limited 2. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) * 42

3. 0.01 (a) 10% (b) (c) (d) 30% 43

1. 2. 3. (48) 183 17M 4. ; 44