2 4 6 8 13 54 56 59 65 98 107 109 111 113 115 117
2 HKICPA, FCCA HKICPA, FCCA
3 Diamond Bar, CA 28 26 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 200 22 2209 www.nd.com.cn 777
4 00777.HK 2007 2009 2008 2009 Online OL 91 91 ios Android Windows Phone Symbian 91 91 91 91 91 91 SNS Gamecenter SDK SNS 91 91 91 91 91 91U 91 91 91 91
5 10 E3 (Disney) (EA) 2D 2.5D 3D ERP
6 595,981 621,836 531,772 760,974 1,108,349 (68,017) (84,325) (66,333) (75,032) (116,359) 527,964 537,511 465,439 685,942 991,990 58,020 57,807 60,864 38,156 50,025 (103,599) (133,460) (101,993) (140,340) (152,173) (112,673) (163,926) (182,022) (210,941) (247,628) (89,823) (201,461) (162,234) (159,269) (204,173) (19,555) (1,959) (10,392) (11,594) (27,214) (581) (1,456) (276) (724) (1,391) 260,058 93,788 69,662 201,373 407,980 4,849 11,909 32,231 (15,214) (17,792) (282,424) (30,385) 18,431 (3,806) (28,417) 261,904 97,005 69,662 179,775 113,897 (22,635) (10,381) (34,769) (44,532) (74,936) 239,269 86,624 34,893 135,243 38,961
7 239,381 87,108 34,949 135,161 39,176 (112) (484) (56) 82 (215) 239,269 86,624 34,893 135,243 38,961 44.49 16.57 6.64 25.85 7.71 44.49 16.56 6.64 25.85 7.60 132,608 184,170 272,897 340,833 562,833 1,387,802 1,367,941 1,287,043 1,555,987 1,882,520 (171,607) (516,085) (66,599) (96,290) (108,783) (226,319) (513,265) 484 540 458 (22,154) 1,453,811 1,456,305 1,451,697 1,499,352 1,393,849
8
9 11.083 45.6% 4.08 102.6% 3,900 71.2% 17.313 Online 8.257 17.7% IT 91 pc 91
10 ARPG 91 91 91 Limited
11 0.2
13 (1) 2012 1.4 12.5% 2.71 33.4% 0.89 73.7% 959.4 35.1% 602.8 35.1% 2D
14 2012 2012 40 177 5.7 57.5% 111% 56.5% 57.5% 12.3% 2012 2012
15 CNNIC 4.2 69.3% 74.5% 3G 2.2 3G 20% Apple App Store 73 Google Play 70 7.5 MM 15 370 91 91
16 31 (2) 521,000 525,000 582,000 600,000 612,000 287,000 281,000 307,000 297,000 310,000 OL OL 521,000 0.8% 14.9% 287,000 2.1% 7.4%
17 (3) 1,108,349 760,974 (116,359) (75,032) 991,990 685,942 50,025 38,156 (152,173) (140,340) (247,628) (210,941) (204,173) (159,269) (27,214) (11,594) (1,456) (581) (1,391) 407,980 201,373 4,849 11,909 (282,424) (17,792) (28,417) (3,806) 113,897 179,775 (74,936) (44,532) 38,961 135,243 39,176 135,161 (215) 82 38,961 135,243
18 1,108,300,000 761,000,000 45.6% 825,700,000 701,600,000 17.7% 717,048 86.8 572,470 81.6 108,696 13.2 129,095 18.4 825,744 100.0 701,565 100.0 717,000,000 25.3%
20 108,700,000 15.8% 282,600,000 59,400,000 375.7% 277,323 98.1 59,409 100.0 5,282 1.9 282,605 100.0 59,409 100.0 277,300,000 366.8% 5,300,000 331,000,000 14.1% 52.4%
21 229,100,000 12.3% 19.0% 101,900,000 18.4% 313.3% 34,200,000 8.4% 20.8% 17,500,000 17,300,000 17,400,000 44,200,000 18.3% 4.4% 82,900,000 60.7% 39.2% 62,000,000 34.1% 30.8%
23 2,900,000 61.8% 42.5% 243,600,000 1,474.3% 1,285.6% 12,500,000 84.0% 259.5% 157,200,000 95,300,000 7,700,000 157,000,000 95,400,000 7,900,000
24 (4) 331,046 290,144 (34,217) (37,358) 296,829 252,786 17,536 17,322 (44,220) (37,388) (82,883) (51,564) (61,992) (46,231) (2,902) (7,604) (435) (363) (1,391) 120,542 126,958 2,249 2,600 7,098 6,234 (243,611) (15,474) (12,548) (6,821) (126,270) 113,497 (30,912) (18,212) (157,182) 95,285 (157,025) 95,399 (157) (114) (157,182) 95,285
25 331,000,000 290,100,000 14.1% 229,100,000 204,100,000 12.3% 202,520 88.4 175,420 86.0 26,584 11.6 28,647 14.0 229,104 100.0 204,067 100.0 202,500,000 175,400,000 15.4% 26,600,000 28,600,000 7.2%
26 101,900,000 86,100,000 18.4% 34,200,000 37,400,000 8.4% (i) (ii) 16,500,000 24,900,000 296,800,000 252,800,000 17.4% 89.7% 2.6% 17,500,000 (i) ii
27 44,200,000 18.3% (i) (ii) (iii) OL (iv) 303 1.7% 18,000,000 60.7% 82,900,000 (i) (ii) 91 60 3.4% 23,400,000 34.1% 62,000,000 557 0.5% 22,500,000
28 2,900,000 61.8% (i) (ii) (iii) 243,600,000 1,474.3% (i) (ii) 12,500,000 84.0% 30,900,000 69.7% (i) (ii) 157,000,000 95,400,000
29 331,046 217,176 (34,217) (28,337) 296,829 188,839 17,536 17,369 (44,220) (46,277) (82,883) (59,529) (61,992) (47,387) (2,902) (5,047) (435) (439) (1,391) 120,542 47,529 2,249 7,098 (243,611) (17,582) (12,548) (3,490) (126,270) 26,457 (30,912) (18,710) (157,182) 7,747 (157,025) 7,861 (157) (114) (157,182) 7,747
30 331,000,000 217,200,000 52.4% 229,100,000 192,500,000 19.0% 202,520 88.4 164,209 85.3 26,584 11.6 28,304 14.7 229,104 100.0 192,513 100.0 202,500,000 164,200,000 23.3% 26,600,000 28,300,000 6.1% 101,900,000 24,700,000 313.3% (i) (ii)
31 28,300,000 20.8% 34,200,000 (i) (ii) 296,800,000 188,800,000 57.2% 89.7% 2.7% 17,500,000 (i) (ii) 4.4% 44,200,000 (i) OL (ii) (iii) (iv) 303 146.3% 18,000,000
32 39.2% 82,900,000 (i) 91 (ii) 60 42.9% 23,400,000 30.8% 62,000,000 (i) (ii) 557 141.1% 22,500,000 2,900,000 42.5% 243,600,000 1,285.6% (i) (ii)
33 12,500,000 259.5% (i) (ii) 65.2% ( ) 157,000,000 7,900,000 (5) 442,713 211,458 138,555 132,231 57,290 367,777 166,926 107,643 114,019 21,437 367,992 166,844 107,800 114,133 21,551
34 (6) OL 3D MMORPG OL OL
35 91 pc IT ARPG
36 91 91 91 91 91 91 91 91 ios Android V3.0 DIY91 91 TV IT
37 Window 8 Unity3D FlashAIR SDK 17173 18183 PC 91 91 920 27.7%
38 91 (i) IDG-Accel China B 91 Growth Fund L.P. IDG B B B (ii) IDG-Accel China 91 Growth Fund-A L.P. 91 1.2480499 (iii) IDG-Accel China (i) 12% Investors L.P. 4,006,250 B IDG B B (ii) 1.2480499 91 IDG (iii) B 5,000,000 (iv) B B 91 *
39 NetDragon Websoft Inc. 91 B B NetDragon (BVI) 3,000,000 NetDragon (BVI) 2,403,750 B Sino Coast Developments 91 B B Limited Sino Coast 2,000,000 Sino Coast 1,602,500 B 3,324 1,876
40 AI 339,400,000 215,000,000
41 2011
42 91eHR 2012
43 2011 Pubwin 2012 2011-2012 2012
44 91 91 Hiapk 2011 Himarket Pchome 2011 PChome 91 91 2011 Hiapk Discuz! DoNews2011-2012 IT
45 91 91 91 91 91 91 91 91 91
46 91 2012 top10 91 91 91 91 top10 top10 91 91 APEC 2012
47 91 91 91 360 91 (7) 1,731,300,000 1,468,900,000 194,400,000 1,369,300,000 1,329,700,000 (8) 0.13 183,600,000 (9) 1,416,000,000 1,498,900,000
48 (10) (11) (12) 12
49 (13) 3G MMORPGs MMORPGs 2.5D MMORPG MMORPGs
50 3D ios 91 NetDragon (BVI) 6,114,500 91 Euro Victory Limited SMP Trustees (NZ) Limited The Greenford Trust The Greenford Trust
51 91 NetDragon (BVI) NetDragon (BVI) 91 25,131,201 NetDragon (BVI) 13,131,278 (i) Pacific Century 91 B 91 Diversified Limited B B (i) (ii) Grandwin Enterprises 17,500,000 Limited B B 7,016,778 B 1.2480499 (ii) (iii) B B 2.494022185 B
52 A A 91 91 A B 91 91 A IDG Stonewell Resources Limited A B Vertex Asia Investments Pte. Ltd IP Cathay II, L.P. DT Capital China Growth Fund L.P. Net Dragon (BVI) IDG Sino Coast Developments Limited Pacific Century Diversified Limited Grandwin Enterprises Limited B A B
53 bug
54 DNA DNA + +
55 1,000 8 1,400 150 3-5
56 3,324 PDCA Plan Do Check Action 200 8% 500 20% 20%! 2012 2012 91
57 200 6,000 48,000 40 900 7,000 3-5 10 1,500 20 800 20 90 2 10 E-learning E 2,000
58 5 E-Learning 24
59 41 91 91 851 851 851 2009 IT NetDragon (BVI) 91
60 40 10 2007 NetDragon (BVI) 44 20 851
61 40 10 91 91 91 Talent ZoneKeen City Prestige Plus Alpha GreatJiangsu BoWang Jiangsu BoDe 91 50 IDG Technology Venture Investment Inc. IDG Technology Venture Investment 12
62 47 (PricewaterhouseCoopers LLP) 47 GST
63 40 Vision Capital Group Tom 41 10 91 91 91 Talent ZoneKeen City Prestige Plus Alpha Great Jiangsu BoWang Jiangsu BoDe 91 36 13 IT
64 45 Dresdner Kleinwort Benson 40 91 10 91 91
65 45 109 0.15 62,927,000 0.2 81,947,000
66 13 35 81,947,000 50,062,000 62,230,000 44,612,000 5.2% 0.7% 49.5% 23.0% 5%
67 1 2 3 5 1 3 4 5 7 8 1 3 5 6 7 1. 2. 3. 4. 5. 6. 7. 8.
68 1% 13.51B(1) 303,000 332,700 303,000 332,700 303,000 332,700
69 571 XV XV 7 8 352 10 1 2 254,686,752(L) 50.40% 3 9,886,000 (L) 98.86% 3 1,000,000 (L) 100.00% 2 254,486,752(L) 50.36% 3 9,886,000 (L) 98.86% 3 1,000,000 (L) 100.00% 2 253,086,752(L) 50.09%
70 1 3 9,886,000 (L) 98.86% 3 1,000,000 (L) 100.00% 4 13,300,019(L) 2.63% 5 997,019(L) 0.20% 5 997,019(L) 0.20% 5 997,019(L) 0.20%
71 1. L 2. DJM Holding Ltd. 95.40% DJM Holding Ltd. 36.82% Richmedia Holdings Limited 100.00% Richmedia Holdings Limited 5.21% DJM Holding Ltd. Fitter Property Inc. 4.60% 100.00% DJM Holding Ltd. Fitter Property Inc. 36.82% 3.76% Flowson Company Limited Flowson Company Limited Eagle World International Inc. 100.00% Eagle World International Inc. 3.91% DJM Holding Ltd. Richmedia Holdings Limited Fitter Property Inc. Eagle World International Inc. 49.71% 1,600,000 1,400,000 284,000 3. 96.05% 2.11% 0.70% 99.00% 1.00% 98.86% 4. Cristionna Holdings Limited 99.00% Cristionna Holdings Limited 2.22% 1,600,000 284,000 0.37% Cristionna Holdings Limited 2.63% 5. 400,000 400,000 XV XV 7 8 352
72 37 XV 2 3 336 10% 1 DJM Holding Ltd. 186,078,100(L) 36.82% 990,000 (L) 99.00% 2 78,333,320(L) 15.50% Ho Chi Shing 2 78,333,320(L) 15.50% Zhou Quan 2 73,490,095(L) 14.54% Richmedia Holdings 26,344,800(L) 5.21% International Inc. 3 IDG 4 91 14,582,750(L) 12.13% NetDragon (BVI) 5 91 73,554,750(L) 61.20%
73 1. L 2. IDG Technology Venture Investments, L.P. IDG-Accel China Growth Fund L.P. IDG-Accel China Growth Fund-A L.P. IDG-Accel China Investors L.P. 2.15% 10.29% 2.10% 0.96% a) IDG Technology Venture Investments, L.P. IDG Technology Venture Investments, LLC IDG Technology Venture Investments, LLC Zhou Quan Ho Chi Sing b) IDG-Accel China Growth Fund L.P. IDG-Accel China Growth Fund-A L.P. IDG-Accel China Growth Fund Associates L.P. IDG-Accel China Growth Fund Associates L.P. IDG-Accel China Growth Fund GP Associates Ltd. IDG-Accel China Growth Fund GP Associates Ltd. Zhou Quan Ho Chi Sing 35.00% c) IDG-Accel China Investors L.P. IDG-Accel China Investor Associates Ltd. IDG-Accel China Investor Associates Ltd. Ho Chi Sing 3. Richmedia Holdings Limited 100.00% Richmedia Holdings Limited 5.21% 4. IDG IDG-Accel China Growth Fund L.P. IDG-Accel China Growth Fund-A L.P. IDG-Accel China Investors L.P. 91 9.35% 1.91% 0.87% 91 2 5. NetDragon (BVI) 73,554,750 91 71,151,000 A 2,403,750 B XV 2 3 336 10%
74 (i) (ii) 15,000,000
75 (1) (2) (3)
76 (a) (b)
77 NetDragon Websoft Inc. NetDragon (USA) NetDragon (USA) (1) (2) (3)
78 98.86% NetDragon (BVI) NetDragon (USA) 14A
79 91 91 91 91 91 91 91 91 91 91 91 91 91 (i) (ii) 10,000,000 91 91 91 91 91 91 91 91 91 91 91
80 91 91 91 91 91 91 (a) (b) 91 91 91 91
81 (i) (ii) 15,000,000
82 (a) (b)
83 14A.34 A 1. 851 851 851 I 851 851 I 3 851 851 II 851 851 851 II 3 851 851 I 851 II851 851 851 2,544,384 2,875,154 851 851 I 851 I 851 II 851 II. 851 I II 6,816,000 8,375,000
84 2. 851 851 851 500,000 567,500 91 851 851 6,000,000 6,810,000 500,000 567,500 12 851 851 91 5,000,000 6,166,000 851 851 1,500,000 1,850,000
85 3. (i) (ii)
86 3. 91 2,500,000 2,600,000 2,600,000 11,500,000 12,200,000 12,200,000 14,000,000 14,800,000 14,800,000
87 3. (a) (i) (ii) (b) 3,977,000 4,326,000 4,569,000 18,560,000 20,187,000 21,322,000 22,537,000 24,513,000 25,891,000 6,092,000 8,744,000 10,000,000 28,629,000 33,257,000 35,891,000
88 4. I II 91 91 91 I II 1,626,000 2,002,000 I I II I II.
89 5. 91 1,540,690 1,892,902 3,376,160 4,147,973 6,008,140 7,381,642 91 385,910 474,132 813,040 998,907 1,446,860 1,777,622 91 91 91
90 6. 91 91 91 (i) MMORPGs (ii) MMORPGs 91 91 (i) 91 (ii)91 (iii)91 4,200,000 5,200,000 11,422,000 11,993,000 12,593,000 ( 14,112,000 14,817,000 15,559,000 12,459,000 14,451,000 13,879,000 ( 15,393,000 17,854,000 17,148,000
91 6. 91 (i) (ii) (iii) (iv) 42 3000 740 91 14A.38 91
92 1. 91 91 IDG 91 5,000,000 100% 91 91 5,000,000 91 91 1.2480499 4,006,250 B 91 91 4,006,250 B 2. 91 NetDragon (BVI) B NetDragon (BVI) 91 BVI BVI 91 3,000,000 NetDragon (BVI) 2,403,750 B BVI BVI BVI 91 NetDragon (BVI) 2,403,750 B BVI BVI
93 14 55,946,260 ( 9,635,500 9,635,500 6.45 5.07 55,946,260
94 4.33 1,600,000 1,600,000 4.60 284,000 284,000 4.33 1,400,000 1,400,000 4.60 284,000 284,000 4.60 284,000 284,000 4.33 1,600,000 1,600,000 4.60 284,000 284,000 4.60 400,000 400,000 5.74 400,000 400,000 4.60 400,000 100,000 300,000 5.74 400,000 400,000 4.60 400,000 400,000 5.74 400,000 400,000 4.33 2,200,000 2,200,000 4.80 13,201,400 209,193 1,124,520 11,867,687 4.60 1,314,500 39,970 186,750 1,087,780 5.74 2,034,000 56,000 1,978,000 6.53 735,250 735,250 7.20 117,500 117,500 23,651,900 4,086,750 349,163 1,367,270 26,022,217
95 1. 3,234,000 5.61 2. 735,250 117,500 6.27 7.20 3. 100,000 36 10% 1,587,000 16,094,000 (i) (ii)
96 1,587,000 591,057 5.07 79,677 (79,677) 1,587,000 1,587,000 5.07 91 91 91 91 91 91 91 9,615,000 91 91 91 91 9,615,000 2,981,300 117,550 91 0.0001 Treasure New Limited (i) (ii)91
97 91 9,615,000 1,570,000 91 (10%) (i) (ii)
98 14 10 59 64 (i) (ii) (ii) (iv) (v)
99 7/7 1/1 6/7 0/1 7/7 1/1 7/7 1/1 7/7 0/1 6/7 4/4 1/1 1/1 0/1 7/7 4/4 1/1 1/1 * 1/1 7/7 4/4 1/1 1/1 * 0/1 3.10 3.13 98.86% NetDragon (BVI) NetDragon (USA) 74 78 *
100 91 91 91 10% 91 91 91 91 91 91 79 80 91 81 82 851 DJM Holding Ltd. 72.31% 27.69% 851 851 851 91 91 91 83 92
101 91
102
103 91 91 91 91 91 91 91 91 91 91 91 91
104 A.6.5
105 1,123 5,758 6,881 58 (2) (21)
106 88 (7) (7) (852) 2850 7066 200 22 2209 11.08 5,598,900,000 505,313,523 30% 18 35
107 109 200
108
109 5 1,108,349 760,974 (116,359) (75,032) 991,990 685,942 5 50,025 38,156 (152,173) (140,340) (247,628) (210,941) (204,173) (159,269) (27,214) (11,594) (1,456) (581) (1,391) 407,980 201,373 4,849 11,909 32 33 (282,424) (17,792) 6 (28,417) (3,806) 113,897 179,775 8 (74,936) (44,532) 9 38,961 135,243 (64) (1,452) 38,897 133,791 39,176 135,161 (215) 82 38,961 135,243
110 39,112 133,709 (215) 82 38,897 133,791 12 7.71 25.85 7.60 25.85
111 13 345,415 192,119 14 139,678 86,298 15 16,217 15,809 16 19,050 17 2,626 4,520 18 11,793 12,669 19 18,015 20 5,000 4,000 21 9,969 6,314 22 12,534 23 1,586 54 562,833 340,833 14 2,902 1,784 21 3,143 1,091 24 61,427 41,555 72,101 41,429 25 4,939 26 3,637 1,200 27 3,060 28 194,405 28 394,081 40,000 28 1,142,825 1,428,928 1,882,520 1,555,987
112 29 222,137 126,354 24,778 25,528 30 121 965 30 5,600 31 183,595 32 10,679 34 30,623 66,355 42,849 513,265 226,319 1,369,255 1,329,668 1,932,088 1,670,501 33 195,115 131,675 33 314,829 39,932 23 6,141 516,085 171,607 1,416,003 1,498,894 35 37,532 38,226 1,356,317 1,461,126 1,393,849 1,499,352 22,154 (458) 1,416,003 1,498,894 109 200
113 a b c d e 39,264 1,157,364 1,963 9,946 121,339 8,994 673 (8,494) 9,539 (56,663) 167,772 1,451,697 (540) 1,451,157 135,161 135,161 82 135,243 (1,452) (1,452) (1,452) (1,452) 135,161 133,709 82 133,791 2,209 2,209 2,209 (1,038) (44,359) 1,038 (1,038) (45,397) (45,397) 10,085 10,085 10,085 (8,994) (8,994) (8,994) (43,957) (43,957) (43,957) 50,062 (50,062) 942 (570) (372) 19,544 (19,544) (1,038) (44,359) 1,038 2,209 19,544 41,068 942 9,515 (114,973) (86,054) (86,054) 38,226 1,113,005 3,001 2,209 9,946 140,883 50,062 673 (7,552) 19,054 (58,115) 187,960 1,499,352 (458) 1,498,894 39,176 39,176 (215) 38,961 (64) (64) (64) (64) 39,176 39,112 (215) 38,897 99 99 671 770 (716) (45,057) 716 (716) (45,773) (45,773) 22 1,896 (579) 1,339 1,339 12,709 12,709 12,709 22,024 22,024 (50,062) (50,062) (50,062) (62,927) (62,927) (62,927) 81,947 (81,947) 132 132 327 (198) (129) 32,012 (32,012) (694) (43,161) 716 99 32,012 31,885 327 11,932 (177,731) (144,615) 22,827 (121,788) 37,532 1,069,844 3,717 2,209 10,045 172,895 81,947 673 (7,225) 30,986 (58,179) 49,405 1,393,849 22,154 1,416,003
114 a. b. 34 c. d. e.
115 113,897 179,775 1,456 581 1,391 (407) (1,990) (80) 282,424 17,792 28,417 3,806 (39,749) (11,755) 132 61 (1,348) 1,460 1,455 4,478 11,363 2,156 26,292 35,923 34,733 10,085 76 42 2,639 179 459,376 245,908 (22,511) (17,312) (11,009) (1,227) (5,000) 2,427 (2,437) (1,029) 18,639 67,617 (750) 2,409 (844) 965 435,464 299,758 (69) (46,821) (23,282) 388,574 276,476
116 35,374 11,625 37 2,556 (500) (13,250) (19,406) (1,000) 80 420 (404,081) (10,000) (194,405) 50,000 310,828 (9,682) (693) 3,970 (3,060) (36,908) (137,358) (100,904) (4,733) (3,088) (719,153) 194,938 5,600 671 31,774 13,395 151,857 1,339 (112,989) (52,951) (5,328) 183,595 (45,773) (45,397) 45,838 79,955 (284,741) 551,369 1,428,928 877,823 (1,362) (264) 1,142,825 1,428,928
117 1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 200 22 2209 2. 12 7 12 12 40 12 12
118 2. 12 12 1 7 1 9 9 3 7 10 11 1 12 10 2 12 27 9 3 10 1 11 1 12 1 13 1 19 1 27 1 28 1 1 4 32 2 1 20 1 2 3 4
119 2. 9 9 9 9 39 9 9 10 11 12 27 28 10 27 12 10 10 10 (a) (b) (c) 10
120 2. 11 31 11 13 11 11 31 11 31 12 12 10 11 12 13 13 13 13 7 13 13
121 2. 1 1 1 1 1 (a) (b) 1
122 3.
123 3. 39 36 36
124 3. 39 36 36
125 3. 12 19 2 5
126 3. 91 91 91
127 3. 91 91 91 91 91
128 3.
129 3.
130 3.
131 3.
132 3.
133 3.
134 3.
135 3.
136 3.
137 3.
138 3.
139 3.
140 3.
141 3. 12
142 4. 3 901,899,000 599,604,000 261,967,000 144,785,000 331,828,000 308,833,000
143 4.
144 4.
145 5. 825,744 701,565 282,605 59,409 1,108,349 760,974 407 1,990 10,631 18,659 34,900 11,755 1,348 448 303 3,639 4,101 50,025 38,156
146 6. 4,276 33 23,518 2,497 623 1,309 28,417 3,806 7. 825,744 282,605 1,108,349 396,494 (221,650) 174,844 48,605 (106,705) (1,456) (1,391) 113,897
147 7. 701,565 59,409 760,974 279,359 (9,374) 269,985 19,538 (109,167) (581) 179,775 271,745,000 17,792,000 23,518,000 623,000 2,497,000 1,309,000
148 7. 1,750,584 1,513,587 420,259 216,745 2,170,843 1,730,332 274,510 166,488 2,445,353 1,896,820 994,371 630,948 110,274 125,365 3,704 4,661 1,108,349 760,974
149 7. 509,361 291,536 36,810 38,835 107 94 546,278 330,465 10% 8. 2,814 6,531 51,152 27,681 16,110 10,100 67,262 37,781 251 220 4,609 74,936 44,532 16.5%
150 8. 15% 25% 25% 12.5% 12.5% 12.5% 10% 34% 34% 8.84% 8.84%
151 8. 113,897 179,775 25% 25% a 28,474 44,944 364 145 348 (3,182) (3,907) 96,553 22,243 (2,668) 6,175 (24,639) (3,279) (1,145) (3,353) b (4,008) (6,632) (36,416) (22,029) 22,251 10,100 (996) 125 74,936 44,532 a. 25% b. 30% 50% 23
152 9. 9,003 5,437 286,427 234,451 29,657 19,575 28,486 7,338 353,573 266,801 1,123 1,288 5,758 1,550 6,881 2,838 2,639 179 3,171 7,427 1,307 3,936 76,031 88,678 1,460 1,455 26,292 35,923 (80) 132 18,768 15,346 60,832 38,782 (9,303) 15,202 61 (1,348) 2,156 76 42
153 10. 542 2,021 2,563 534 15 478 1,027 172 15 142 329 467 15 2,022 2,504 332 528 860 332 528 860 332 528 860 996 1,715 45 6,247 9,003
154 10. 485 770 1,255 486 11 683 1,180 131 11 71 213 646 11 770 1,427 303 151 454 303 151 454 303 151 454 909 1,748 33 2,747 5,437 9,851 5,314 49 32 5,346 15,246 5,346
155 10. 1,000,001 1,500,000 1 2,000,001 2,500,000 2 3,000,001 3,500,000 3 5,000,001 5,500,000 1 4 3 11. 0.15 0.10 62,927 43,957 0.12 0.02 50,062 8,994 112,989 52,951 0.20 0.12 81,947,000 50,062,000
156 12. 39,176 135,161 508,196 522,948 7,044 515,240 522,948
157 13. 25,267 66,953 168,712 8,289 8,793 278,014 (949) (23) (19) (991) 6,948 7,998 1,465 84,493 100,904 2,272 (2,272) (3,352) (5,393) (745) (9,490) 24,318 72,798 171,298 9,009 91,014 368,437 4 4 9,236 35,987 4,235 87,900 137,358 26,900 14,971 509 42,380 4,682 (4,682) (2,116) (2,116) 24,322 113,616 220,140 13,753 174,232 546,063 1,320 17,767 125,733 4,660 149,480 (36) (6) (15) (57) 749 8,481 25,204 1,489 35,923 (3,352) (5,063) (613) (9,028) 2,033 22,890 145,859 5,536 176,318 (2) (2) 739 8,119 15,849 1,585 26,292 (1,960) (1,960) 2,770 31,009 159,748 7,121 200,648 21,552 82,607 60,392 6,632 174,232 345,415 22,285 49,908 25,439 3,473 91,014 192,119 20 4.75% 20% - 33.33% 19% - 31.67% 19% - 23.75%
158 13. 17,654 18,142 3,898 4,143 21,552 22,285 14. 2,902 1,784 139,678 86,298 142,580 88,082 55,958,000
159 15. 14,551 (732) 1,990 15,809 1 407 16,217 16. 14
160 17. 6,700 21,306 28,006 (1,077) (1,077) 3,088 3,088 6,700 23,317 30,017 (12) (12) 4,733 4,733 (4,209) (4,209) 6,700 23,829 30,529 2,898 11,972 14,870 (736) (736) 3,802 7,561 11,363 6,700 18,797 25,497 (19) (19) 4,478 4,478 (2,053) (2,053) 6,700 21,203 27,903 2,626 2,626 4,520 4,520 50% 17.39% - 67.67%
161 18. 13,830 13,250 (2,037) (581) 11,793 12,669 42.9% 50% 3,500,000 a 35% 35% 5,000,000 b 12% 12% 579,600 a 40% 40% 15,000,000 50% 1,000,000 b
162 18. a 5,500,000 1,741,000 1,141,000 2,618,000 12% b 50% 21,445 24,467 (480) (461) 20,965 24,006 8,034 8,910 1,167 384 4,631 1,897 1,456 581
163 19. 19,406 (1,391) 18,015 51% 6,000,000 51%
164 19. 19,888 (1,873) 18,015 727 1,391 20. 851 a 4,000 4,000 b 1,000 5,000 4,000 a. 851 9.5% b. 1,000,000 10%
165 21. 13,112 7,405 3,143 1,091 9,969 6,314 13,112 7,405 4.64% 4.89% 22. 37 37 10.16%
166 23. 1,586 54 (6,141) (4,555) 54 54 54 (6,141) 1,532 (4,609) (6,141) 1,586 (4,555) 206,394,000 78,858,000 68,238,000 138,156,000 78,858,000 94,059,000 192,615,000 93,297,000 191,853,000
167 24. 30 90 0 30 38,519 22,261 31 60 12,753 5,364 61 90 4,252 6,737 90 5,903 7,193 61,427 41,555 9,088,000 15,839,000 31 60 2,506 3,577 61 90 679 5,069 90 5,903 7,193 9,088 15,839
168 24. 490 311 2,639 179 (9) 3,120 490 3,120,000 490,000 25. 4,939
169 26. 161B 1 1,933 1,200 3,142 1,200 851 851 2 1,704 2,130 318 3,637 1,200 (1) (2) 851 DJM Holding Ltd. 86.16% 27.
170 28. 0.001% 3.5% 0.001% 3.5% 31 4.51% 251,065 49,983 287,020 342,359 194,405 29. 13,679 5,001 69,213 45,324 48,791 20,717 69,737 76,029 222,137 126,354 0 90 11,484 4,641 91 180 1,330 323 181 365 44 26 365 821 11 13,679 5,001
171 30. 31. 183,595,000 4.14% 194,405,000 32. 31 24,426,000 1 9.7 10,679,000 33. 91 Limited 3,999,840 25,839,000 IDG-Accel China Growth Fund-A L.P. IDG-Accel China Investor L.P. IDG-Accel China Growth Fund L.P.IDG 15,384,000 0.0001 A 20,000,000 126,018,000 Vertex Asia Growth Ltd. IP Cathay II, L.P. DT Capital China Growth Fund, L.P. 16,025,000 0.0001 B 2,000,000 13,395,000 Sino Coast Development Limited 1,602,500 0.0001 B A B
172 33. A B A B 1:1 150,000,000 50,000,000 A 500,000,000 150,000,000 B A A B A B B
173 33. A A A 0.26 5% A B B B 1.248 12% B A A A 0.26 5% B A B B 1.248 12% A B A B 16.834%
174 33. A B 129,435 22,422 (257) (282) 2,497 17,792 131,675 39,932 (563) (1,254) 11,223 2,172 29,262 2,234 23,518 271,745 195,115 314,829 91 Limited 18.45% 17.78% 16.95% 15.55%
175 33. A (i) 0.37% 0.81% (ii) 38.82% 71.83% B (i) 0.37% 0.37% 0.62% 0.62% (ii) 38.82% 40.16% 63.85% 72.17% (i) (ii) 0.0001 A B 15,384,000 16,025,000 15,384,000 16,025,000 4,006,250 1,602,500 15,384,000 21,633,750
176 34. 91 Limited IDG 5,000,000 31,774,000 91 Limited 91 Limited 8% B 1.248 4,006,250 B 35. 0.01 1,000,000,000 10,000,000 75,771 0.01 514,599,860 5,145,999 38,226 i 349,163 3,491 22 ii (9,635,500) (96,355) (716) 505,313,523 5,053,135 37,532
177 35. (i) 349,163 349,163 22,000 1,896,000 (ii) 9,635,500 45,773,000 36. (i) 26,022,217 23,651,900 5.6% 4.60% 10% 30% 12 0.1% 5,000,000 1 28 10 (i) (ii) (iii)
178 36. (i) 1,360,000 1,360,000 1,360,000 1,360,000 1,360,000 6,800,000 1,007,747 1,809,990 2,413,320 3,016,650 3,619,980 11,867,687
179 36. (i) 313,600 151,905 470,400 287,813 827,200 462,850 284,000 84,187 340,800 101,025 3,323,780 497,800 596,700 995,600 494,500 593,400 3,178,000
180 36. (i) 73,525 110,288 147,050 183,812 220,575 735,250 11,750 17,625 23,500 29,375 35,250 117,500
181 36. (i) 4.33 6,800,000 6,800,000 4.80 13,201,400 (209,193) (1,124,520) 11,867,687 4.60 3,650,500 (139,970) (186,750) 3,323,780 5.74 3,234,000 (56,000) 3,178,000 6.53 735,250 735,250 7.20 117,500 117,500 23,651,900 4,086,750 (349,163) (1,367,270) 26,022,217 6,913,252 4.63 4.83 4.33 6,800,000 6,800,000 4.80 13,513,900 (312,500) 13,201,400 4.60 3,681,500 (31,000) 3,650,500 6,800,000 17,195,400 (343,500) 23,651,900 4,080,000 4.33 4.63 26,022,217
182 36. (i) 5,609,000 1,224,000 231,000 7.20 6.27 5.61 7.20 6.53 5.74 0.446-0.550% 0.714-0.815% 0.895-1.017% 7.7-8.7 7.7-8.7 7.7-8.7 42.83% 43.23% 48.75% 2.63% 2.82% 2.69% 23,651,900 4,086,750 (1,367,270) (349,163) 26,022,217 12,584,000 9,903,000
183 36. (ii) 10% 1% 28 28 28
184 36. (ii) 125,000 182,000 79,677 (79,677) 591,057 591,057 995,943 995,943 79,677 1,587,000 (79,677) 1,587,000 17,584,000 376,832 376,832 524,594 229,065 79,677 317,400 317,400 317,400 317,400 317,400 308,742 (229,065) 79,677
185 36. (iii) 91 Limited 91 91 Limited 91 Limited 91 91 91 Limited 91 91 91 91 91 91 Limited 1% 91 91 Limited 9,615,000 91 Limited 91 91 91 9,732,550 6,815,122 823,983 509,351 418,350 1,269,462 418,350 1,269,462 418,350 1,269,464 418,350 6,815,122
186 36. (iii) 91 91 91 91 Limited 91 91 Limited 91 Limited 91 18.17% 15.55% 91 10,247,000 80,783,000 91 22,024,000 37. 12,000,000
187 37. 42,380 15,468 14,556 (52,938) (20,000) (534) 12,000 534 12,534 (12,000) 14,556 2,556 1,003,000 5,390,000 11.35 3,400
188 38. 167,871 167,871 136 339 944,659 929,674 62,366 92,633 (20,786) (19,657) (1,894) (1,894) 1,152,352 1,168,966 37,532 38,226 1,114,820 1,130,740 1,152,352 1,168,966 1,130,740 1,140,001 (45,057) (44,359) 128,100 77,964 12,709 10,085 1,317 (112,989) (52,951) 1,114,820 1,130,740
189 39. 40. 1,845,025 1,529,626 4,939 5,000 4,000 566,075 277,490 10,679 314,829 39,932
190 40. (i) 271,804 72,296 265,821 30,352 287,134 342,426 511,151 203,440 194,405 10,679
191 40. (i) 5% 5% 5% 5% 5% (299) (1,573) 11,201 (5,212) (9,186) 5%
192 40. (ii) 21 31 28 5% 3,457,000 3,889,000 41,876,000 38,076,000
193 40.
194 40. % 181,644 181,644 181,644 121 121 121 5,600 5,600 5,600 4.14 187,011 187,011 183,595 10,679 10,679 10,679 16.834 230,223 230,223 195,115 314,829 314,829 314,829 385,055 545,052 930,107 891,583 % 114,227 114,227 114,227 965 965 965 15.64 31,505 31,505 30,623 16.834 244,746 244,746 131,675 39,932 39,932 39,932 146,697 284,678 431,375 317,422
195 40. 4,939 4,939 10,679 10,679 314,829 314,829 10,679 314,829 325,508
196 40. 39,932 39,932 33 41. 5% 1,250 1,000 29,702,000 19,608,000
197 42. 851 6,562 6,000 851 6,341 2,544 12,200 12,199 2,600 2,438 (88) (71) (3,060) 5,000,000 31,774,000 3,999,840 25,839,000 1.248 4,006,250 B 2,400,000 1,700,000 4.48% 4.89% 900,000 200,000 200,000 100,000 1,000,000 4,096 6,401 82 93 8,361 2,888 12,539 9,382
198 43. 124,438 134,289 44. 19,638 7,963 24,912 4,024 13,237 12,024 57,787 24,011 5 448,000 303,000 2.2% 2.1% 426 188 346 772 188
199 45. % NetDragon Websoft Inc. 222,203.93 100 100 * 10,000,000.00 # 345,000,000.00 100 100 % * 1,000,000.00 NetDragon Websoft Inc. 600,000.00 100 100 1.00 100 100 1.00 100 100 # 50,000,000.00 100 100 50,000,000.00 100 100 # 91 Limited 7,406.00 100 100 # 33,000,000.00 100 100 * 10,000,000.00
200 45. * # 46. 91 91 Limited 91 Limited 91