( 於開曼群島註冊成立之股份有限公司 ) 股份代號 :1980 年度報告 2015

2 3 5 6 8 22 23 28 70 81 83 90

20082014 7 9 2015 2

Floor 4, Willow House Cricket Square P.O. Box 2804 Grand Cayman KY1-1112 Cayman Islands 186 3A09 1 36 Offshore Incorporations (Cayman) Limited Floor 4, Willow House Cricket Square P.O. Box 2804 Grand Cayman KY1-1112 Cayman Islands 183 17 1712-1716 3 2015

15 26 8 1 3201-3204 7088 19 12 21 22 1980 www.tiange.com 2015 4

2015 12 31 2015 12 31 12 31 2015 2014 % (1)(2) 677,543 692,159-2.1% 590,738 692,159-14.7% 86,805 526,208 586,851-10.3% 77.7% 84.8% 151,792 (107,503) (3) 222,969 267,214-16.6% 32.9% 38.6% (4) 0.18 0.29 0.17 0.23 EBITDA (5) 280,300 319,355-12.23% EBITDA 41.4% 46.1% 2,500,208 2,262,591 10.5% 191,536 174,103 10.0% (1) 2015 (2) 2014 6 16% (3) (4) B 2008 (5) EBITDA 5 2015

2014 7 2014 23.5%201413.9% 2014692.22.1% 677.5 2015 5 2015 102015 2015 12 31 0.06 2014 2015 6

2016 3 23 7 2015

1. + 2015 12 31151.8 2014 12 31 107.5 2015 12 312.1%677.52014692.2 586.910.3% 526.2 2015 12 31223.02014 16.6% 201414.4 201517.5 651,000770,0002015 12 31 23.4%2014 12 31 13.9% 27.3%192 2015 8

1. 20142015 20142015 3D 3DARPG 2016 IPs 9 2015

1. OK 20152015 2015 5 2015 OK 2015 10

2. 2015 2014 2015 12 31 12 31 9 30 * 16,536 16,590-0.3% 17,753-6.9% * 801 705 13.6% 752 6.5% * 162 246-34.1% 172-5.8% 26,192 28,000-6.5% 26,354-0.6% 36,261 40,000-9.3% 37,225-2.6% * 2015 2015 12 3116.52014 12 31 2015 9 306.9% 2015 12 31801,000 2014 12 3113.6%2015 9 306.5% 2015 12 312014 12 3134.1%1622015 9 305.8% 11 2015

2. 2015 9 30 2014 12 319.3% 6.5% 2014 2015 12 31 3.5%3.6% 2015 12 31292.3 2014 12 31268.5 2015 2014 12 31 12 31 17,488 14,377 21.6% * 770 651 18.3% 192 264-27.3% * 2015 2015 12

3. 2015 12 31 590.72014692.214.7% 2015 [2014] 43 2014 6 12014 6 1 6% 2015 12 31 2014 0.2% 2015 12 312014 105.343.7% 151.3 2015 12 3177.7%201484.8% 13 2015

3. 2015 12 312014 212.49.9% 191.4 2015 12 312014 136.014.9% 115.7 2014 740.1 7.2 6.4 2015 12 312014 86.02.8%83.6 2015 12 312014 5.742.1% 3.3 2015 12 31151.8 2014 107.5(i) 2014 7 9 (ii) 2015 14

3. EBITDA 2015 2014 12 31 12 31 EBITDA 280,300 319,355-12.23% EBITDA * 41.4% 46.1% 222,969 267,214-16.6% * EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA 15 2015

3. EBITDA EBITDA 2015 2014 12 31 12 31 188,524 211,098-10.7% 65,942 51,200 28.8% 1 40,056-100.0% 1,624 2,668 21,542 17,001 26.7% EBITDA 280,300 319,355-12.23% (1) 2014 2015 16

3. B 2008 2015 2014 12 31 12 31 149,750 (107,601) 65,942 51,200 28.8% 283,559-100.0% 40,056-100.0% 4,609 2,668 222,969 267,214-16.6% 17 2015

4. 2015 12 312014 12 31 232.8289.1 2015 12 312014 12 31 954.91,082.8 2015 12 312014 12 31 370.1 313.0 1.8% 6% 2015 12 312014 12 31 109.5 2015 12 312014 12 31 2015 12 312014 12 310% 2015 12 3161.0 30.111.2 8.96.7 4.1 2015 18

4. 2015 12 31 2015 125.0 80% 2015 324.0 34.4735%2015 12 15.7916%8.434.4735% 18.6819% 2015 4 23.4 50.91% 2015 410.560% 2015 9 10%31.9172% 31.9172% 18.0 2015 1020.4 51% 2015 12 31 2015 12 31 2015 12 31 19 2015

5. 2015 12 31774 2015 12 31195.22014 12 31 166.8 2015 12 3165.9201451.2 2015 20

6. IPs 2016 1 836% 46.8 21 2015

12 31 2011 2012 2013 2014 2015 384,442 455,768 548,240 692,159 677,543 336,257 403,456 480,095 586,851 526,208 (75,286) (15,285) (56,431) (71,450) 184,458 (80,606) (27,233) (92,609) (107,601) 149,750 (80,606) (27,233) (92,602) (107,503) 151,792 (66,932) (25,931) (78,032) (121,597) 211,759 (66,932) (25,931) (78,025) (121,499) 213,587 12 31 2011 2012 2013 2014 2015 44,940 135,405 251,885 775,000 820,756 344,032 505,875 592,501 1,487,591 1,679,452 388,972 641,280 844,386 2,262,591 2,500,208 (135,355) 72,426 (88,556) 2,083,689 2,286,712 4,897 4,799 21,960 (135,355) 72,426 (83,659) 2,088,488 2,308,672 421,315 356,018 628,326 1,750 6,495 103,012 212,836 299,719 172,353 185,041 524,327 568,854 928,045 174,103 191,536 388,972 641,280 844,386 2,262,591 2,500,208 2015 22

372008 7 282014 3 11 14 2000 82004 9 1999 82000 8 1999 7 402014 3 52014 3 11 2012 82014 4 2014 4 22 2015 7 31 2015 10 10 2015 9 222015 7 21 2015 4 302015 2 2 2013 8 29 2005 92012 7 2003 92005 9 1998 82003 7 1998 72004 11 2009 12 23 2015

452008 12 30B 2014 3 112015 8IDG Capital Partners Yun Qi Capital Partners2012 7 1IDG Capital Partners IDG Capital Partners2006 72012 6 IDG IDG1999 122006 6IDG 1999 41999 11 1993 7 1999 5 452014 3 5 2014 3 112015 3 2007 8Sina Corporation 2011 32014 6Mecox Lane Limited 2006 52007 8Sina Corporation2004 92006 5 Sina CorporationSina Corporation 2013 10 58 58.com Inc. 1992 6University of California1993 5 University of Southern California1995 9 California Board of Accountancy 2015 24

462014 6 162015 1 2013 122013 5 2012 82013 4 2010 72011 122012 12013 4 1999 92010 7 1992 7 1998 51998 8 University of Toledo 2013 1 INSEADEMBA2001 12Accountancy Board of Ohio 2013 12American Institute of Certified Public Accountants AICPAAICPA Chartered Global Management Accountant CGMACGMA 442014 6 162011 12014 6 9191(Baidu 91 Wireless) 2004 4 20002002 19951999 Beso Biological Research Inc. 1994 8University of California, Berkeley 2004 5Duke University 25 2015

582014 6 16 8246475 10 380 2021004 270 382009 1 2003 8 2002 82003 7 2002 7 482010 4 2013 8 2915 1995 82010 3 1994 7 2015 26

372013 52013 9 2011 52013 8 2004 72011 5 2015 122001 6 27 2015

2015 12 31 2008 7 28 2007 2014 7 95.28 304,267,0002014 7 3045,640,000 5 2015 12 31 8 21 38 2015 12 3183 2015 28

2000 9 25 2016 3 1ICP ICP ICP 2000 9 252011 1 8 ICP 2015 4 10 2001 12 11 2008 9 1050% 9158 ICP 29 2015

2003 5 102011 2 17 2011 3 18 < > ICP 9158 2016 2 4 2016 3 10 2002 6 27 2005 7 6 20132015 11 26 2015 30

2010 6 3 10 2007 1 25 2007 2 1514 2009 6 4 (i) (ii) 31 2015

2010 6 3 (i) (ii) (iii) 180(iv) 180 2015 32

53 2015 12 31 33 2015

2015 12 31 0.06 20142016 5 23 2015 25 2015 12 3126 39 2015 34

2015 12 3115 2014 12 3113 2015 12 3115 2015 12 31 45.7%2015 12 31 18.5% 201420152015 12 31 17.0% 2015 12 31 7.1% 5% 2015 12 312014793,800 35 2015

2015 12 31 2014 6 16 84 3.13 2015 36

2014 6 16 2015 12 31 2015 12 31 37 2015

Three-Body Holdings Ltd Star Wonder Holding Ltd Blueberry Worldwide Holdings Limited Cloud Investment Holding Limited 2014 6 16 2014 6 25 2015 12 3140 970 80 2015 12 31 2015 38

2015 12 31 2015 12 31 XVXV7 8 352 2015 12 31 1 306,000,000 23.80% 1. UBS Trustees (BVI) Limited UBS Nominee LimitedThree- Body Holdings LtdThree-Body Holdings LtdBlueberry Worldwide Holdings Limited Blueberry Worldwide Holdings Limited306,000,000 UBS Trustees (BVI) Limited Three-Body Holdings Ltd Blueberry Worldwide Holdings Limited Blueberry Worldwide Holdings Limited306,000,000 39 2015

2015 12 31 10,000,000 0.78% 1 4 20,000,000 1.56% 5,000,000 0.39% 2 3 200,000 0.35 0.02% 3 200,000 0.35 0.02% 3 200,000 0.35 0.02% 3 200,000 0.35 0.02% 3 200,000 0.35 0.02% 1. 2014 5 221,000,000 10,000,000 3 2. 2014 5 22500,000 5,000,000 3 3. 2014 5 22 20,000200,000 4. 2014 5 222,000,000 20,000,000 20,000,000 3 2015 40

2015 12 31 XV 352 2015 12 31336 2015 12 31 UBS Trustees (BVI) Limited 1 338,403,000 26.32% Three-Body Holdings Ltd 1 306,000,000 23.80% Blueberry Worldwide Holdings Limited 1 306,000,000 23.80% 300,000,000 23.34% Ho Chi Sing 2 200,000,000 15.56% 2 200,000,000 15.56% IDG-Accel China Growth Fund GP II Associates Ltd. 2 200,000,000 15.56% IDG-Accel China Growth Fund II Associates L.P. 2 184,880,000 14.38% IDG-Accel China Growth Fund II L.P. 2 184,880,000 14.38% Tangguo Limited 3 65,798,000 5.12% 71,946,369 5.60% 41 2015

1. UBS Trustees (BVI) LimitedThree-Body Holdings Ltd Star Wonder Holding LtdBlueberry Worldwide Holdings Limited Cloud Investment Holding LimitedBlueberry Worldwide Holdings Limited Cloud Investment Holding Limited 306,000,00032,403,000 UBS Trustees (BVI) Limited Three-Body Holdings Ltd Blueberry Worldwide Holdings Limited Blueberry Worldwide Holdings Limited306,000,000 UBS Trustees (BVI) Limited Cloud Investment Holding Limited Star Wonder Holding Ltd Cloud Investment Holding Limited32,403,000 2. IDG-Accel China Growth Fund II L.P. IDG-Accel China Growth Fund II Associates L.P. IDG-Accel China Growth Fund GP II Associates Ltd.IDG-Accel China Growth Fund II L.P. IDG-Accel China Growth Fund II Associates L.P. IDG-Accel China Growth Fund GP II Associates Ltd. IDG-Accel China Growth Fund II L.P.184,880,000IDG-Accel Growth Investors II L.P. IDG-Accel China Growth Fund GP II Associates Ltd.IDG-Accel China Growth Fund GP II Associates Ltd.IDG-Accel Growth Investors II L.P.15,120,000 Ho Chi SingIDG-Accel China Growth Fund GP II Associates Ltd. 50%Ho Chi SingIDG-Accel China Growth Fund GP II Associates Ltd.200,000,000 3. 2015 12 31 Tangguo Limited 65,798,00053,728,125 1,000,000 2,000,00010,000,00020,000,000 20,000,000 500,0005,000,000 2015 12 31 XV2 3 336 27 18 2015 42

2008 12 92011 10 212014 5 22 2014 5 222014 6 16 D. (i) 8,845,575 88,455,750 6.9% (ii) 100% (iii) (10) 2.5 (iv) 30 43 2015

(i) (ii) 121,706,7009.5% 2015 12 31 4,000,000 (iii) 12 1% (iv) 1.00 (v) (a) (b) (c) (vi) 8 4 (vii) 2015 44

D. 1. 15,648,000490 5 211 1 4,280,000 25% 1/48 2015 12 31 27,353,635 29,478,89656,847,4692015 12 31 4.4% Happy88 Holdings Limited Happy88 Limited 121,706,70010.0% 2015 12 314,000,000 0.3% 2015 9 22 2015 12 222016 9 222017 9 222018 9 221,625,0001,125,000875,000375,000 3.31 45 2015

(i) 7,280,000 (ii) (iii) 2014 5 22 8 2 (i) 24,341,3402.0% (ii) (iii) 2014 6 16 8 3 2015 46

7,280,000 4,280,0002014 5 22172 31 11 4,280,000 25% 1/48 2014 7 9 7,280,000 72,800,0005.6% Tangguo Limited 4,202,000 2015 12 31Tangguo Limited 65,798,000 2015 12 316,219,000 2015 4 202015 9 15 2015 4 202015 8 162016 8 16 1,749,5001,749,5005.48 2015 9 152015 12 152016 9 152017 9 15 1,646,000930,000144,000 2.90 Xinshow Limited 70,631 2015 12 316,148,369Xinshow Limited 47 2015

2015 12 31 2015 2015 1 1 12 31 10,000,000 2014 5 22 10,000,000 0 0 0 10,000,000 5,000,000 2014 5 22 5,000,000 0 0 0 5,000,000 200,000 2014 5 22 200,000 0.35 0 0 0 200,000 200,000 2014 5 22 200,000 0.35 0 0 0 200,000 200,000 2014 5 22 200,000 0.35 0 0 0 200,000 200,000 2014 5 22 200,000 0.35 0 0 0 200,000 200,000 2014 5 22 200,000 0.35 0 0 0 200,000 4,490,000 2014 5 22 5,000,000 510,000 0 0 4,490,000 20,000,000 2014 5 22 20,000,000 0 0 0 20,000,000 1,000,000 39,490,000 40,490,000 2015 48

2015 12 31 2015 1 1 2015 12 31 286 28 24 1 12,914,000 2009 1 14 14,200,000 0.01 1,286,000 0 0 12,914,000 2,552,000 2009 7 23 4,200,000 0.021 1,648,000 0 0 2,552,000 5,403,540 2009 7 23 6,913,540 0.03 1,510,000 0 0 5,403,540 2,816,380 2010 6 17 3,042,380 0.06 226,000 0 0 2,816,380 800,000 2010 9 6 1,300,000 0.06 500,000 0 0 800,000 8,971,000 2010 9 6 30,000,000 0.035 21,029,000 0 0 8,971,000 3,169,050 2010 12 20 3,526,050 0.06 357,000 0 0 3,169,050 142,000 2010 12 20 200,000 0.03 58,000 0 0 142,000 2,000,000 2011 12 26 2,000,000 0.06 0 0 0 2,000,000 1,545,000 2011 12 26 1,801,000 0.1 256,000 0 0 1,545,000 1,419,814 2011 12 26 2,541,130 0.12 1,025,896 0 95,420 1,419,814 3,502,940 2012 10 14 4,449,770 0.15 891,000 0 55,830 3,502,940 1,794,540 2013 9 14 2,158,750 0.2 334,000 0 30,210 1,794,540 8,817,205 2014 5 22 10,388,700 0.35 358,000 0 1,213,495 8,817,205 4,000,000 2015 9 22 3.50 0 0 0 4,000,000 59,847,469 86,721,320 29,478,896 0 1,394,955 59,847,469 26,308,000 2014 5 22 30,000,000 3,692,000 0 0 26,308,000 3,428,369 2015 4 20 70,631 0 0 3,428,369 2,720,000 2015 9 15 0 0 0 2,720,000 32,456,369 30,000,000 3,762,631 0 0 32,456,369 92,303,838 1. 33,998,04023 2. 5.96 3. 4.99 49 2015

14A.07(1) 14A.07(1) 14A.07(4) 98%14A.07(4) 9158 9158 98%14A.07(4) 98%14A.07(4) 98%14A.07(4) 2015 50

2014 6 10 2016 12 31 (i) (ii) (iii) (i) (ii) 1. 2011 9 1 2012 9 12013 4 12014 9 1(a) 2015 8 31(b) (c) 15%12% 51 2015

2. 2012 10 191582014 9 302013 1 19158 91582015 4 1 2015 9 302015 9 30 2% 3.5% 3. 2010 9 1 2011 3 12013 3 12014 3 1 (a)(b) (c) 2015 2 282015 2 28 2015 52

4. 2013 4 18 2013 2 1 2014 2 12015 2 1 2015 4 30 0.062015 5 1 0.06 2016 4 30 2015 12 312,319,000 15,120,000 95,000 21,000,000 9158 53 2015

(i)(ii)(iii) (iv) (v) 100% 100% 1. 2. 3. 4. 5. 6. 2015 54

2014 6 95% (i) (ii) 2014 6 (i) (ii) (i)(ii) 55 2015

(i) (ii) 2014 6 (i) (ii)(iii) (iv) 2015 56

2014 6 (i)(ii) 2014 6 57 2015

2014 232014 6 9158 9,800,000 200,000 9,000,0008,820,000180,000 2015 12 31 2015 12 31 9158 9158 9158 2015 58

(i) (ii) (iii) 1. 2. 3. 4. 5. 9158 2015 12 31 59 2015

36A 2015 1 19 2015 12 31 2015 1 13 100% 2015 12 31 2015 60

2015 12 31 98% 2% 9158 98% 2% 98% 2% 98% 2% 9158 9158 2015 12 31 2015 12 31 574.8343.6 61 2015

1. 52 2. 2015 62

1. 2. 63 2015

3. 4. 5. 20142017 15% 20142015 12.5%20162017 15% 4 2015 64

6. (i) (ii) (iii) 7. 65 2015

8. 9. 2015 66

2015 12 3131,426,4209,560,000 2015 12 31 2015 1 5,944,000 3.61 3.2811 20,302,780 2015 7 2,919,000 4.19 2.64 9,110,200 2015 8 370,000 2.9 2.769 1,046,280 2015 12 327,000 2.99 2.89 967,160 2015 12 31 67 2015

1,725.01,376.0 2015 12 31 1,103.8887.5 2014 7 9 22 2015 68

2015 12 31 2015 12 31 2016 3 23 69 2015

2015 12 31 23 27 37 3.10 3.10A 2015 70

A.1.1 A.1.314 71 2015

2015 3 302015 5 222015 8 202015 11 27 2014 7 9 2015 72

2014 7 9 2015 12 31409 73 2015

2014 7 9 2015 5 22 2015 12 31 2015 74

4/4 1/1 1/1 4/4 1/1 3/4 0/1 1/1 3/4 0/1 1/4 0/1 4/4 1/1 2/4 0/1 4/4 1/1 1/1 4/4 0/1 4/4 1/1 13.51B(1) 75 2015

A.2.1 2008 7 282014 3 11 2008 A.2.7 2015 76

(a) (b) (c) (d) (e) 2015 12 31 81 82 77 2015

2015 2015 12 31 5.6 0.4 2015 78

2015 12 31 3.29 15 IR@tiange.com www.tiange.com (a) 79 2015

(b) 186 3A09IR@tiange.com 2015 12 31 2015 80

90 200 81 2015

2015 82

2015 12 31 12 31 2015 2014 6 677,543 692,159 7 (151,335) (105,308) 526,208 586,851 7 (191,353) (212,363) 7 (115,735) (135,955) 7 (83,628) (86,047) 8 53,032 58,612 188,524 211,098 10 4,338 8,219 10 (1,030) (2,549) 10 3,308 5,670 (283,559) 14 (4,389) (4,659) 14 (a) (2,985) 184,458 (71,450) 11 (34,708) (36,151) 149,750 (107,601) 62,009 (13,996) 211,759 (121,597) 151,792 (107,503) (2,042) (98) 149,750 (107,601) 213,587 (121,499) (1,828) (98) 211,759 (121,597) 12 0.122 (0.116) 0.116 (0.116) 90200 83 2015

2015 12 31 12 31 2015 2014 15 190,843 142,280 16 121,312 49,002 14 52,078 3,863 31 33,460 32,466 21 100,008 26,776 19 154,917 40,744 23 168,138 479,869 820,756 775,000 20 10,307 18 32,006 14,049 19 247,501 159,032 21 370,058 313,029 22 109,481 23 786,732 602,917 24 232,848 289,083 1,679,452 1,487,591 2,500,208 2,262,591 25 797 779 25 2,305,423 2,381,529 25 (14) (19) 26 273,425 122,473 28 (292,919) (421,073) 2,286,712 2,083,689 21,960 4,799 2,308,672 2,088,488 2015 84

2015 12 31 12 31 2015 2014 31 5,148 361 1,347 1,389 6,495 1,750 29 23,212 24,278 30 63,451 52,530 48,554 51,523 43,824 44,022 34 6,000 185,041 172,353 191,536 174,103 2,500,208 2,262,591 1,494,411 1,315,238 90200 902002016 3 23 85 2015

2015 12 31 2014 1 1 42 139,703 65,705 (294,006) (88,556) 4,897 (83,659) (107,503) (107,503) (98) (107,601) 26 (13,996) (13,996) (13,996) (13,996) (13,996) (13,996) (13,996) (107,503) (121,499) (98) (121,597) 9 51,200 51,200 51,200 25 4 (4) 25 12 836,801 836,813 836,813 25 508 (467) (41) 25 215 1,415,874 1,416,089 1,416,089 25 (2) (10,356) (10,358) (10,358) (26) 26 26 19,564 (19,564) 737 2,241,826 (19) 70,764 (19,564) 2,293,744 2,293,744 2014 12 31 779 2,381,529 (19) 122,473 (421,073) 2,083,689 4,799 2,088,488 2015 86

2015 12 31 2015 1 1 779 2,381,529 (19) 122,473 (421,073) 2,083,689 4,799 2,088,488 151,792 151,792 (2,042) 149,750 26 61,795 61,795 214 62,009 61,795 61,795 214 62,009 61,795 151,792 213,587 (1,828) 211,759 9 65,942 65,942 65,942 25 20 8,405 8,425 8,425 25 (9) 9 25 4 (4) 25 (6) (24,929) (24,935) (24,935) 25 18,989 18,989 1,813 (2,236) (423) (423) (59,573) (59,573) (59,573) 26 21,402 (21,402) 18 (76,106) 5 89,157 (23,638) (10,564) 18,989 8,425 2015 12 31 797 2,305,423 (14) 273,425 (292,919) 2,286,712 21,960 2,308,672 90200 87 2015

2015 12 31 12 31 2015 2014 33 193,191 270,651 (39,184) (35,511) 154,007 235,140 (37,878) (35,379) 14 (16,000) 14 (32) (3,622) (49,825) (50,745) 14 8,400 33 38 537 (11,185) (61,727) (1,638,267) (3,339,590) 1,720,525 2,220,853 (110,017) 117,410 (100,000) 220,000 22,274 17,724 7,223 25,622 19 (148,000) (131,000) (25,000) (62,464) (17,669) 45,328 (8,717) 2015 88

2015 12 31 12 31 2015 2014 (142,775) (1,298,408) 1,467,661 8,425 (51,572) 25 (24,935) (10,358) 92,531 (202,275) (21,339) (17,071) (3,638) 1,953 13 (59,573) (74,161) (74,130) 1,179,778 (62,898) 116,510 289,083 171,896 6,663 677 232,848 289,083 90200 89 2015

2015 12 31 1 2008 7 28 2007 P.O. Box 2804, 4th Floor Scotia Centre, George Town, Grand Cayman KY1-1112, Cayman Islands 2014 7 9 2008 112009 9 9158 9158 9158 9158 9158 9158 9158 9158 2015 90

2015 12 31 1 9158 9158 9158 91589158 9158 2.2.111 2016 3 23 2 2.1 4 91 2015

2015 12 31 2 2.1 (a) 2015 2015 1 1 19 201020128 1638 24 201120133 13 40 20102012 (b) 622 6229 2015 92

2015 12 31 2 2.1 (c) 2016 1 1 2016 1 1 14 11 1638 1028 27 201220145 7 1934 10 1228 1 15 9 16 93 2015

2015 12 31 2 2.2 2.2.1 (a) 39 2015 94

2015 12 31 2 2.2 2.2.1 (a) (b) (c) 95 2015

2015 12 31 2 2.2 2.2.2 2.3 20% 50% 2015 96

2015 12 31 2 2.3 2.4 1111 2.5 97 2015

2015 12 31 2 2.6 (a) (b) 2015 98

2015 12 31 2 2.6 (c) 2.7 99 2015

2015 12 31 2 2.7 33 58 2 7.5 5 2.5 3 3 4 5 2.9 2015 100

2015 12 31 2 2.8 (a) (b) 3 20 6 15 1.4 10 20 101 2015

2015 12 31 2 2.8 (c) (1) (2) (3)(4) (5) (6) 2.9 2015 102

2015 12 31 2 2.10 2.10.1 (a) 12 (b) 12 18 19 23 24 (c) 12 12 103 2015

2015 12 31 2 2.10 2.10.2 2015 104

2015 12 31 2 2.11 2.12 (a) 105 2015

2015 12 31 2 2.12 (b) 2.13 2.14 2015 106

2015 12 31 2 2.15 2.16 2.20 2.17 27(e) 2.18 107 2015

2015 12 31 2 2.19 12 2.20 A B1 B2 C 25 25 12 2015 108

2015 12 31 2 2.20 2.21 (a) (b) 109 2015

2015 12 31 2 2.21 (b) (c) 2.22 2015 110

2015 12 31 2 2.23 (a) 111 2015

2015 12 31 2 2.23 (a) (b) 2.24 2015 112

2015 12 31 2 2.24 2.25 (a) 9158 113 2015

2015 12 31 2 2.25 (a) (i) (ii) 2015 114

2015 12 31 2 2.25 (b) (i) (ii) 115 2015

2015 12 31 2 2.25 (b) (c) 18 2015 116

2015 12 31 2 2.25 (d) (e) (f) 117 2015

2015 12 31 2 2.26 2.27 2.28 2.29 2015 118

2015 12 31 3 3.1 (a) (i) 2015 12 31 2015 12 31 18 21 23 24 5%2015 12 31 484,000 201426,000 (ii) 100 20152014 12 31 360,000311,000 119 2015

2015 12 31 3 3.1 (a) (iii) 10020152014 12 31100,084,000 3,398,000 (b) 2015 12 31 2015 120

2015 12 31 3 3.1 (b) (c) 121 2015

2015 12 31 3 3.1 (c) 2014 12 31 24,278 24,278 30,961 30,961 2015 12 31 23,212 23,212 50,035 50,035 20152014 12 31 3.2 2015 122

2015 12 31 3 3.3 2015 12 31 470,066 470,066 470,066 470,066 2014 12 31 339,805 339,805 109,481 109,481 449,286 449,286 20152014 12 31 123 2015

2015 12 31 3 3.3 (a) (b) 2015 124

2015 12 31 3 3.3 (c) 2015 12 31 339,805 109,481 1,058,773 345,905 (930,253) (463,314) 4,534 1,741 3,394 470,066 12,282 4,534 125 2015

2015 12 31 3 3.3 (c) 2014 12 31 280,440 548,471 2,251,145 110,017 (2,191,646) (536) 283,559 (836,924) (134) 4,894 339,805 109,481 17,888 (536) (283,559) 2015 126

2015 12 31 4 4.1 (a) 2.25 (b) 2.23 27 127 2015

2015 12 31 4 4.1 (b) 20152014 12 31 65,942,00051,200,000 (c) (d) 2015 128

2015 12 31 4 4.1 (e) (f) 4.2 (a) (i) 2.25 (ii) 129 2015

2015 12 31 4 4.2 (b) 9158 9158 9158 (i)(ii)(iii) (iv) (v) 9158 (i) (ii)(iii)(iv) (v) 2015 130

2015 12 31 5 2015 12 31 Dimensional Media Inc. DMI 2008 8 6 2015 3 31 1 100% 94,080,000 51% 2008 11 26 18,000,000 100% 2009 9 25 6,405,167 18,000,000 100% 2010 11 16 16,866,600 100% 2004 9 14 10,000,000 100% 9158 2008 11 18 10,000,000 100% 2008 11 18 10,000,000 100% 131 2015

2015 12 31 5 2012 10 23 10,000,000 100% 2013 8 29 10,000,000 51% 2014 11 28 50,000,000 100% 2014 11 28 50,000,000 100% 2015 1 14 4,890,000 16,000,000 100% 2015 2 1 10,000,000 80% 2015 4 10 1,000,000 100% 2015 4 10 1,000,000 100% 2015 4 10 1,000,000 100% 9158 2015 6 2 1,000,000 100% 2015 132

2015 12 31 5 2015 4 1 5,007,913 50.91% 2015 4 1 2015 4 1 10,000 50.91% 10,000 50.91% 2015 8 27 1,000,000 50.91% 2015 4 1 2,500,000 60% 2015 3 17 2,500,000 60% OK 2015 9 7 1,000,000 100% 2015 9 23 3,000,000 15,000,000 80% 133 2015

2015 12 31 5 12 31 2015 2014 DMI (1,480) 112 (98) 288 10 830 (1,286) (302) (1,828) (98) DMI (a) 178,669,000 (b) 2015 134

2015 12 31 6 20152014 12 31 20152014 12 31 135 2015

2015 12 31 6 20152014 12 31 2015 12 31 590,738 86,805 677,543 482,999 43,209 526,208 (4,702) (1,450) (6,152) 188,524 4,338 (1,030) 664 (5,053) (4,389) 2,985 2,985 184,458 2014 12 31 692,159 692,159 586,851 586,851 (2,636) (2,636) 211,098 8,219 (2,549) (283,559) (4,659) (4,659) (71,450) 2015 136

2015 12 31 6 20152014 12 31 2015 12 31 665,259 12,284 677,543 2014 12 31 689,385 2,774 692,159 137 2015

2015 12 31 7 12 31 2015 2014 9 195,224 166,797 (a) 117,923 152,731 46,484 38,994 41,638 35,676 31,606 15 17,691 13,396 16,879 15,757 11,496 21,039 10,609 11,096 16 9,171 3,605 7,304 7,364 (b) 6,375 42,821 5,580 5,054 432 380 5,544 2,354 4,594 4,362 5,290 11 4,062 21,389 1,007 542,051 539,673 (a) (b) 2015 138

2015 12 31 8 12 31 2015 2014 (a) 38,321 31,118 (936) 4,534 400 (b) (i) 11,653 12,994 (ii) 7,950 13,149 (iii) 4,678 2,223 34 (6,000) (8,389) (87) (272) 372 (64) 53,032 58,612 (a) (b) 2015 12 31 (i) (ii) (iii) 11,653,000 201412,994,000 7,950,000 201413,149,000 4,678,000 20142,223,000 139 2015

2015 12 31 9 12 31 2015 2014 111,498 98,178 (a) 8,397 8,583 9,387 8,836 27 65,942 51,200 195,224 166,797 (a) 20% 14% (b) 40 12 31 2015 2014 765 1,463 99 228 98 106 64 55 1,285 6,622 2,311 8,474 2015 140

2015 12 31 9 (b) 12 31 2015 2014 1,000,000 2 3 1,000,0015,000,000 1 5,000,00110,000,000 1 (c) 201440 2014 12 31 2015 2014 830 1,399 126 184 118 68 103 44 31,554 18,768 32,731 20,463 141 2015

2015 12 31 9 (c) 20152014 12 31 12 31 2015 2014 1,000,0011,500,000 1 1 7,000,0017,500,000 1 1 10,000,00110,500,000 1 12,000,00112,500,000 1 13,500,00114,000,000 1 10 12 31 2015 2014 545 4,338 7,674 4,338 8,219 (876) (154) (2,549) (1,030) (2,549) 3,308 5,670 2015 142

2015 12 31 11 (a) 20152014 12 31 12 31 2015 2014 36,236 44,503 31 (1,528) (8,352) 34,708 36,151 (i) (ii) 20152014 12 3116.5% (iii) 25% 2011 143 2015

2015 12 31 11 (a) (iii) 2014 15% 2015 12 31 2015 15% 12.5% 12.5% 25% 9158 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 9158 25% 25% 25% 25% 25% 25% 25% 2008 150% 50% 2015 144

2015 12 31 11 (a) (iv) 2008 1 1 10% 10%5% 2014 2009124 10%5% 12 31 2015 2014 184,458 (71,450) 25% 46,115 (17,863) (1,672) 78,355 (25,102) (30,235) (6,223) 2,083 32 (3,286) (1,740) 16,485 12,800 909 1,025 (824) 34,708 36,151 145 2015

2015 12 31 11 (b) 2014 6 13% 2014 6 16% 6% 7% 3% 2% 0.1% 12 (a) 12 31 2015 2014 151,792 (107,503) (i) 1,245,562 927,972 0.122 (0.116) (i) 840,000,000 2015 146

2015 12 31 12 (b) 2015 12 31 2014 12 31 2014 12 31 12 31 2015 2014 151,792 (107,503) 1,245,562 927,972 56,086 12,155 1,313,803 927,972 0.116 (0.116) 147 2015

2015 12 31 13 12 31 2015 2014 59,573 2015 2 75,209,71559,573,0000.062015 3 2016 3 232015 12 31 0.06 2016 5 23 14 12 31 2015 2014 33,390 3,863 18,688 52,078 3,863 12 31 2015 2014 2,677 4,659 1,712 4,389 4,659 2015 148

2015 12 31 14 (a) 12 31 2015 2014 3,863 4,900 25,979 17,578 32 3,622 (8,400) (2,677) (4,659) (2,985) 33,390 3,863 2015 12 31 2015 12 31 49% i 18.6819% ii v 15% iii v 31.9172% iv 149 2015

2015 12 31 14 (a) (i) OK 2015 12 31 2,985,000 (ii) 2015 213,978,700 26.28%2015 310,000,000 26.28%34.4735% 2015 128,400,000 15.7916%34.4735%18.6819%2,722,105 2015 12 318,400,000 (iii) (iv) (v) 2015 5 2,000,00015% 2011 92,000,00010% 2015 916.67%10,000,000 6,000,0002015 12 31 31.9172% 20% 2015 150

2015 12 31 14 (b) 2015 12 31 20,400 (1,712) 18,688 2015 12 31 51% i (i) 2015 10 20,400,000 51% 2015 12 3115,400,000 151 2015

2015 12 31 15 2014 12 31 1,436 11,108 2,489 1,703 16,736 117,517 8,708 2,077 11,082 365 139,749 (143) (651) (15) (809) (1,968) (1,500) (804) (6,698) (950) (1,476) (13,396) 115,549 7,208 2,566 14,841 1,889 227 142,280 2014 12 31 117,517 8,708 4,464 39,587 5,012 6,981 182,269 (1,968) (1,500) (1,898) (24,746) (3,123) (6,754) (39,989) 115,549 7,208 2,566 14,841 1,889 227 142,280 2015 12 31 115,549 7,208 2,566 14,841 1,889 227 142,280 46,212 3,177 1,243 2,541 508 10,976 64,657 32 435 539 603 145 1,722 (8) (117) (125) (4,251) (2,549) (1,096) (8,492) (919) (384) (17,691) 157,510 7,836 3,140 9,312 1,573 496 10,976 190,843 2015 12 31 163,729 11,885 5,980 40,380 5,615 7,634 10,976 246,199 (6,219) (4,049) (2,840) (31,068) (4,042) (7,138) (55,356) 157,510 7,836 3,140 9,312 1,573 496 10,976 190,843 2015 152

2015 12 31 15 12 31 2015 2014 5,145 4,702 2,103 2,275 3,700 1,216 6,743 5,203 17,691 13,396 153 2015

2015 12 31 16 2014 12 31 1,884 788 3,192 5,864 7 10 17 647 1,551 44,528 46,726 (486) (893) (2,226) (3,605) 1,891 949 3,860 42,302 49,002 2014 12 31 1,891 3,019 9,288 44,528 58,726 (2,070) (5,428) (2,226) (9,724) 1,891 949 3,860 42,302 49,002 2015 12 31 1,891 949 3,860 42,302 49,002 115 98 213 17,193 21 17,214 32 42,837 6,034 15,183 64,054 (3,745) (1,635) (1,565) (2,226) (9,171) 44,843 20,431 2,344 13,618 40,076 121,312 2015 12 31 44,843 26,246 9,407 15,183 44,528 140,207 (5,815) (7,063) (1,565) (4,452) (18,895) 44,843 20,431 2,344 13,618 40,076 121,312 2015 154

2015 12 31 16 12 31 2015 2014 2,636 2,662 684 185 4,969 533 882 225 9,171 3,605 2015 524 31 555 9158 1,367 84 1,451 21,325 21,325 16,701 16,701 4,811 4,811 1,891 42,837 115 44,843 155 2015

2015 12 31 16 2014 522 2 524 9158 1,362 5 1,367 1,884 7 1,891 32 2015 12 31 9158 WACC 34% 34% 3% 3% 2015 12 31 2015 156

2015 12 31 17 12 31 2015 2014 32,006 14,049 231,354 141,226 232,848 289,083 954,870 1,082,786 470,066 339,805 109,481 1,921,114 1,976,430 23,212 24,278 50,035 30,961 73,247 55,239 18 12 31 2015 2014 29,158 12,638 (121) 29,037 12,638 36(c) 2,969 1,411 32,006 14,049 20152014 12 31 157 2015

2015 12 31 18 (a) 12 31 2015 2014 0 90 19,646 12,215 91 180 10,052 1,180 181 365 1,126 200 1 1,303 454 32,127 14,049 (b) 12 31 2015 2014 30,636 13,347 1,224 702 267 32,127 14,049 (c) 2015 2014 1 1 121 12 31 121 7 (d) 2015 158

2015 12 31 19 12 31 2015 2014 (a) 125,000 10,613 5,101 9,966 4,543 9,338 31,100 154,917 40,744 (a) 173,000 131,000 (b) 29,000 12,038 4,315 8,279 11,151 36(c) 5,769 338 3,691 19,077 8,875 247,501 159,032 402,418 199,776 (a) (b) 20152014 6% 15% 20152014 12 31 20152014 12 31 159 2015

2015 12 31 20 12 31 2015 2014 10,555 759 (1,007) 10,307 42,645,000 2014 1,007,000 2014 21 12 31 2015 2014 (a) 26,776 2,300 73,491 24,610 14 (2,000) 1,741 (134) 100,008 26,776 (b) 313,029 278,140 985,282 2,226,535 (928,253) (2,191,646) 370,058 313,029 2015 160

2015 12 31 21 (a) 2014 9 4,000,00024,610,000 2015 12 31 2015 1100,000,000 2015 12 31 50,000,000 2015 12 31 2015 101,500,000 5%6,000,0002015 12 31 19.9150% 2015 11 10,000,000 2015 12 31 2,500,00015,991,0002015 12 31 (b) 1.8% 6% 161 2015

2015 12 31 22 12 31 2015 2014 109,481 28 8 2015 12 31 2015 162

2015 12 31 23 2015 12 312.65% 2014 3.07% 2015 12 31 12 31 2015 2014 168,138 479,869 539,565 398,958 247,167 203,959 786,732 602,917 954,870 1,082,786 2015 12 312014 163 2015

2015 12 31 24 12 31 2015 2014 153,711 148,261 (a) 64,000 135,447 (b) 15,137 5,375 232,848 289,083 232,848 289,083 232,848 289,083 (a) (b) 2015 12 31 1.49% 20142.65% 2015 12 31204,000 2014 14,933,000 20145,375,000 12 31 2015 2014 177,688 256,944 43,760 31,687 6,389 5,011 452 232,848 289,083 2015 164

2015 12 31 25 2015 1 1 1,259,401,000 125.94 779 2,381,529 (19) (a) 29,478,896 2.95 20 8,405 (b) (9,560,000) (0.96) (6) (24,929) (c) (59,573) (d) 6,219,000 0.62 4 (4) 27(b) (9) 9 2015 12 31 1,285,538,896 128.55 797 2,305,423 (14) 2014 1 1 64,000,000 6.40 42 139,703 (e) 7,280,000 0.73 4 (4) (f) 821,520,000 82.15 508 (467) (41) (g) 20,000,000 2.00 12 836,801 (h) 349,907,000 34.99 215 1,415,874 (i) (3,306,000) (0.33) (2) (10,356) 27(b) (26) 26 2014 12 31 1,259,401,000 125.94 779 2,381,529 (19) 165 2015

2015 12 31 25 (a) (b) (c) (d) (e) (f) 2015 12 3129,478,8962014 12 31 8,425,000 2014 12 31 0.0465 2015 17812 5,944,0002,919,000 370,000327,0002015 12 31 31,426,42024,935,000 2015 2 75,209,71559,573,0000.062015 3 2015 411 3,499,0002,720,00027(b) 27(e) 2014 12 31 7,280,00027(b) 2014 7 9 840,000,000 2014 7 31 8,838,8757,280,000 88,388,75072,800,000 (g) (h) (i) 2014 7 920,000,000 200,000,000 2014 7349,907,000 0.00015.28 2014 123,306,0002014 12 31 13,129,67010,358,000 2015 166

2015 12 31 26 2015 1 1 35,437 67,777 19,259 122,473 27 65,942 65,942 61,795 61,795 (a) 21,402 21,402 1,813 1,813 2015 12 31 56,839 133,719 81,054 1,813 273,425 2014 1 1 15,873 16,577 33,255 65,705 27 51,200 51,200 (13,996) (13,996) (a) 19,564 19,564 2014 12 31 35,437 67,777 19,259 122,473 (a) 10% 50% 25% 10%50% 167 2015

2015 12 31 27 (a) 2008 12 9 11,000,000 2011 10 21 11,000,000 2,000,00013,000,000 (i) 2009 1 14 0.0010.102,050,000 3,950,000 25% B 2009 1 143 1/48 (ii) 2009 7 23 0.210.30680,000 970,000 25% 2010 6 93 1/48 (iii) 2010 6 170.60331,000 25%2011 5 5 3 1/48 (iv) 2010 9 6 0.350.603,000,000 196,000 25% 2011 9 63 1/48 (v) 2010 12 20 0.300.350.60 20,0001,000,000425,000 25%2011 12 203 1/48 2015 168

2015 12 31 27 (a) (vi) 2011 12 26 0.601.01.20 200,000185,000277,000 25%2012 12 263 1/48 (vii) 2012 10 141.50990,000 25%2013 6 30 3 1/48 (viii) 2013 9 142.00255,000 25%2014 9 14 3 1/48 (ix) 2014 5 223.5 1,185,000 25%2015 5 22 31/48 (x) 2014 5 22 13,000,000 4,154,4258,845,575 4,280,000 (b) 953,125109,038 680,000832,8215,118,00020152014 12 31 2014 7 9 169 2015

2015 12 31 27 (a) 10 2014 6 16 2014 7 9 (i) (ii) (iii) 11,000,000 (i) 2015 9 223.50 4,000,000 40.625%2015 12 2228.125%2016 9 22 21.875%2017 9 229.375%2018 9 22 2015 170

2015 12 31 27 (a) 2014 1 1 119,965,100 0.3500 11,850,000 0.0973 (2,480) 0.2305 (1,291,300) 0.0281 (42,800,000) 2014 12 31 87,721,320 2015 1 1 87,721,320 87,721,320 3.5000 4,000,000 4,000,000 25 0.0465 (29,478,896) (29,478,896) 0.3230 (1,394,955) (1,394,955) 2015 12 31 56,847,469 4,000,000 60,847,469 2015 12 3151,646,9892015 29,478,89620140.0465 2014 6.24 2014 171 2015

2015 12 31 27 (a) 20152014 12 31 2015 12 31 2014 12 31 10 0.0001 0.01 12,914,000 14,200,000 10 0.021 0.03 2,552,000 5,403,540 4,200,000 6,913,540 10 0.06 2,816,380 3,042,380 10 0.035 0.06 8,971,000 800,000 30,000,000 1,300,000 10 0.03 0.035 0.06 142,000 3,169,050 200,000 3,526,050 10 0.06 0.1 0.12 2,000,000 1,545,000 1,419,814 2,000,000 1,801,000 2,541,130 10 0.15 3,502,940 4,449,770 10 0.2 1,794,540 2,158,750 10 0.35 9,817,205 11,388,700 98 3.5 4,000,000 60,847,469 87,721,320 2015 172

2015 12 31 27 (b) 2014 5 22 7,280,000 4,280,000172 3111 2014 5 22 (a)4,280,000 3,000,000 (i) 500,00025%6 25% (ii) 85,00025%2012 6 12.083% (iii) 2,415,00025%2.083% 2014 7 9 2014 6 16 2014 7 9 2015 4 20243,499,000 0.000150%2015 8 20 50%2016 8 20 173 2015

2015 12 31 27 (b) 2015 9 152,720,0000.0001 5720,00055% 2015 12 1525%2016 9 1520%2017 9 15 2,000,00062.5%2015 12 1537.5%2016 9 15 2015 1 1 31,343,750 31,343,750 6,219,000 6,219,000 (12,271,875) (3,395,500) (15,667,375) 2015 12 31 19,071,875 2,823,500 21,895,375 2015 12 31 2014 1 1 30,000,000 42,800,000 (41,456,250) 2014 12 31 31,343,750 2014 12 31 2015 12 314,272,631 2015 174

2015 12 31 27 (c) 12 31 2015 2014 3.46 5.28 1.457% 0.61% 49.1% 43.5% 0.00% 0.00% 175 2015

2015 12 31 27 (d) 2015 12 31 100% 2014100% (e) 2014 6 16 2014 6 190.0001 7,280,0007,280,000 2014 7 9 7,280,000 72,800,000 2015 4 200.0001 3,499,000 2015 11 110.0001 2,720,000 6,219,000 2015 176

2015 12 31 28 2014 1 1 294,006 107,503 26 19,564 2014 12 31 421,073 2015 1 1 421,073 (151,792) 26 21,402 2,236 2015 12 31 292,919 29 12 31 2015 2014 17,920 18,986 36(c) 5,292 5,292 23,212 24,278 177 2015

2015 12 31 29 12 31 2015 2014 0 90 10,271 10,424 91 180 10,599 5,336 181 365 11 2,976 1 2,331 5,542 23,212 24,278 12 31 2015 2014 20,995 24,278 2,205 12 23,212 24,278 2015 178

2015 12 31 30 12 31 2015 2014 14(b) 32(a) 10,000 11,319 10,666 9,835 14,906 36(c) 8,962 6,016 5,457 3,700 2,782 2,537 2,097 4,982 (a) 5,921 4,989 8,740 3,072 63,451 52,530 (a) 2013 179 2015

2015 12 31 31 12 31 2015 2014 12 18,659 15,656 12 14,801 16,810 33,460 32,466 12 4,217 281 12 931 80 5,148 361 28,312 32,105 12 31 2015 2014 32,105 23,753 32 (5,300) 1,528 8,352 (21) 28,312 32,105 2015 180

2015 12 31 31 2014 1 1 4,968 1,038 10,030 8,469 (157) 24,348 3,337 7,044 5,626 (6,989) 179 (1,079) 8,118 2014 12 31 8,305 8,082 15,656 1,480 22 (1,079) 32,466 2,135 (5,321) 3,003 (1,480) 1,637 (1,931) 30 1,421 1,500 994 2015 12 31 10,440 2,761 18,659 1,659 (3,010) 30 1,421 1,500 33,460 2014 1 1 595 (234) 2014 12 31 361 32 5,300 (513) 2015 12 31 5,148 2015 12 31205,783,000 181 2015

2015 12 31 32 (a) 2015 1 80%25,000,000 21,325,000 2015 1 31 25,000 25,000 2015 182

2015 12 31 32 (a) 2015 1 31 202 2 (i) 6,014 (121) (i) (1,504) 4,593 (ii) (918) 21,325 25,000 2015 12 31 55 2015 1 31 25,000 (202) 24,798 30 (5,000) 2015 12 31 19,798 183 2015

2015 12 31 32 (a) (i) 6,014,000 1,504,000 (ii) (iii) 2015 2 12015 12 312,986,000 1,442,000 (iv) 2015 15-17% 3% (b) 2015 460% 10,500,000 4,811,000 2015 4 1 4,200 4,200 2015 184

2015 12 31 32 (b) 2015 4 1 18 50 519 500 1,417 145 (i) 4,439 (6,996) (i) (1,110) (1,018) (ii) 407 4,811 4,200 2015 12 31 55 185 2015

2015 12 31 32 (b) (i) 4,439,000 1,110,000 (ii) (iii) 2015 4 12015 12 3116,289,000 2,074,000 (iv) 2015 15-17% 3% (c) 2015 4 50.91% 18,400,000 46%5,000,0004.91% 16,701,000 2015 186

2015 12 31 32 (c) 2015 4 1 20,854 20,854 2015 4 1 320 2,969 9,401 158 (i) 10,744 20 (12,768) (i) (2,686) 8,158 (ii) (4,005) 16,701 20,854 2015 12 31 55 187 2015

2015 12 31 32 (c) 2015 4 1 18,400 (320) 2015 12 31 18,080 (i) 10,744,000 2,686,000 (ii) (iii) 2015 4 12015 12 3148,680,000 20,000 (iv) 2015 15-17% 3% 2015 188

2015 12 31 33 12 31 2015 2014 184,458 (71,450) 15 17,691 13,396 16 9,171 3,605 3,475 5,975 (a) 87 272 2,722 577 1,007 (262) 121 2,985 283,559 27 65,942 51,200 8 (38,321) (31,118) 8 (4,534) 536 10 (4,338) (7,674) 1,667 4,659 6,000 154 2,549 (6,663) (545) 8,389 (1,131) (17,472) 6,755 (21,465) 2,453 (4,971) 10,395 (7,709) (25,946) (2,823) 2,035 (1,566) 19,995 193,191 270,651 189 2015

2015 12 31 33 (a) 12 31 2015 2014 15 125 809 8 (87) (272) 38 537 34 2015 1 1 (a) 6,000 2015 12 31 6,000 12 31 2015 2014 6,000 2015 190

2015 12 31 34 (a) 2015OK 2015 12 31 35 (a) 2015 2014 1,028 28,650 (b) 12 31 2015 2014 1 16,730 18,214 15 5,912 9,681 22,642 27,895 191 2015

2015 12 31 36 (a) 2010 7 15 2010 7 15 2010 7 15 2010 7 15 Weibo Internet Technology 2010 7 15 (China) Co., Ltd. 2010 7 15 2013 8 19 Fu HS 2015 4 1 Li X 2015 4 1 Shanghai Junyi Equity Investment Center 2015 9 22 (b) 12 31 2015 2014 (i) 301 262 207 770 2015 192

2015 12 31 36 (b) 12 31 2015 2014 (ii) 2,310 726 Weibo Internet Technology (China) Co., Ltd. 9 7 6 2,319 739 (iii) 4,302 9,245 (iv) 3,610 (v) 86 94 Weibo Internet Technology (China) Co., Ltd. 9 95 94 (vi) Shanghai Junyi Equity Investment Center 9,900 2015 12 31Shanghai Junyi Equity Investment Center 193 2015

2015 12 31 36 (c) 12 31 2015 2014 Li X 6,564 1,479 331 1,064 377 340 388 46 46 33 255 7 14 9,533 1,411 12 31 2015 2014 Fu HS 5,769 12 31 2015 2014 5,292 5,292 12 31 2015 2014 Li X 8,962 2015 194

2015 12 31 36 (d) 12 31 2015 2014 1,473 2,315 148 150 109 98 15,491 18,872 17,221 21,435 37 2015 12 31 38 (a) 2016 1 Yun Qi Partners I GP, Ltd. Yun Qi Yun Qi 5,000,00032,764,000 33,000,0002,500,00016,153,000 9,900,000 (b) 2016 120,800,000 20% www.jiurong.com 26,000,00020%36% 22,000,000 195 2015

2015 12 31 38 (c) 2016 1120,000,000 70% (d) 2016 163,000,000 27% (e) 2016 13 65% 39 12 31 2015 2014 3,744 5,051 141,783 67,777 42,208 24,476 168,138 355,873 97,304 1,018,889 909,127 1,566 372 83,968 398,958 39,653 31,293 1,144,076 1,339,750 1,499,949 1,437,054 2015 196

2015 12 31 39 12 31 2015 2014 797 779 2,305,423 2,381,529 (14) (19) (a) 228,455 83,753 (a) (1,038,151) (1,037,390) 1,496,510 1,428,652 383 361 383 361 (150) 2,812 2,812 394 5,229 3,056 8,041 3,439 8,402 1,499,949 1,437,054 2016 3 23 197 2015

2015 12 31 39 (a) 2014 1 1 (718,998) 45,820 (318,392) 51,200 (13,267) 2014 12 31 (1,037,390) 83,753 2015 1 1 (1,037,390) 83,753 (761) 65,942 78,760 2015 12 31 (1,038,151) 228,455 2015 198

2015 12 31 40 (A) 2015 12 31 583 44 3 14 644 544 90 22 57 1,008 1,721 145 145 145 145 161 145 306 161 145 306 161 145 306 199 2015

2015 12 31 40 (A) 2014 12 31 539 89 5 13 1,483 2,129 543 90 21 57 3,829 4,540 117 117 53 117 170 76 117 193 76 117 193 76 117 193 2015 200