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55,333,585201412
312004
33
-
7/21/2019 ar139406-c02331.pdf
77/163
75
2014
11 20141231
2014117 7.00 1,370,073
1(a) 1,370,073 2014117
20141231201411720181231
20121220 4.923
312,906 312,906 2013122120171221
2013122120181231
2014117 7.00 6,850,3691(a)
6,850,369 201411720141231
201411720181231
2014117 7.00 6,850,3691(a)
6,850,369 1(c) 1(c)
2014106
200874 15.823
132,369 (132,369) 200974201174
20097420151231
2009119 10.453
4,919,629 4,919,629 20101192014119
201011920151231
2011715 9.093
910,785 910,785 201271201474
20127120151231
201274 4.313
726,058 726,058 201374201574
20137420151231
20121220 4.923
312,906 312,906 2013122120171221
2013122120181231
200874 15.82
3
55,952 (55,952) 200974201174
200974201474
2009119 10.453
286,726 286,726 20101192014119
20101192015119
2011715 9.093
227,705 227,705 201271201471
2012712017715
20121220 4.923
312,906 312,906 2013122120171221
2013122120181231
200874 15.823
55,952 (55,952) 200974201174
200974201474
2009119 10.453
286,726 286,726 20101192014119
20101192015119
2011715 9.093
227,705 227,705 201271201471
2012712017715
20121220 4.923
312,906 312,906 2013122120171221
2013122120181231
200874 15.823
55,952 (55,952) 200974201174
200974201474
2009119 10.453
286,726 286,726 20101192014119
20101192015119
2011715 9.093
227,705 227,705 201271201471
2012712017715
20121220 4.923
312,906 312,906 2013122120171221
2013122120181231
20121220 4.923
312,906 312,906 2013122120171221
2013122120181231
-
7/21/2019 ar139406-c02331.pdf
78/163
76
2014
11 20141231
200874 15.82
3599,319 (599,319) 200974
201174200974201474
2009119 10.453
1,341,191 (172,427) 1,168,764 20101192014119
20101192015119
20091022 20.093
2,240,249 (419,241) 1,821,008 201071201271
20107120151022
2011715 9.093
975,087 975,087 201271201471
2012712017715
20121220 4.923
15,944,959 (792,154)2(a)
(1,895,038) 13,257,767 2013122120171221
2013122120181231
2013813 5.07 6,203,960 (37,854)2(b)
(400,564) 5,765,542 20143312018814
201433120191231
20131218 6.79 1,093,962 (110,270) 983,692 2014121920181219
2014121920191231
2014117 7.00 3,643,3071(a)
(416,824) 3,226,483 20151182019331
201511820201231
201444 5.10 754,4401(b)
(104,925) 649,515 201545201945
20154520201231
200874 15.82
3401,170 (401,170) 200974
201174200974201474
2009119 10.453
344,071 (344,071) 20101192014119
2010119201441
200941 12.113
449,683 (449,683) 201041201241
2010412014131
20091022 20.093
326,567 326,567 201071201271
20107120151022
2011715 9.093
363,662 (363,662) 201271201471
2012712014131
20121220 4.923
94,814 (94,814) 20131152014115
201311520141231
2013813 5.07 123,960 123,960 20143312018814
201433120191231
2014117 7.00 1,950,0001(a)
1,950,000 2014117201691
20141172019930
2014117 7.00 37,1881(a)
37,188 20151182019331
201511820201231
40,780,080 21,455,746 (830,008) (6,072,233) 55,333,585
1. a. 20141176.96
b. 2014444.92
c. 6,850,369 20181231
2. a. 6.25
b. 5.97
3. 2013200420134222013425
-
7/21/2019 ar139406-c02331.pdf
79/163
77
20042014123133
2004
2004201522
2015130
2006714
10
5%
2009430
201274
2%5%
201412312,740,146
1,705,586
49,305201412
31
2014
11 20141231
1
201093 23.30 610,000 (170,000) 440,000 201171
201671
20101230 16.62 4,536 (4,536) 20111230
2014228
2011715 8.96 210,282 (160,977) (49,305) 20127152014715
2014117 6.71 2,740,146 (1,370,073) 1,370,0732
824,818 2,740,146 (1,705,586) (49,305) 1,810,073
-
7/21/2019 ar139406-c02331.pdf
80/163
78
1.
2. 1,370,073
18
20141231XV
352
*
302,551,9231
425,754,9281
728,306,851 50.79%
14,013,6442
14,013,644 0.98%
312,9062
312,906 0.02%
345,450 827,3372
1,172,787 0.08%
347,044 827,3372
1,174,381 0.08%
189,450 827,3372
1,016,787 0.07%
312,9062
312,906 0.02%
* 201412311,433,951,048
-
7/21/2019 ar139406-c02331.pdf
81/163
79
1. 302,551,9231,370,073
Viva China Holdings Ltd
BVIAlpha Talent301,181,850
425,754,928
(i)1,370,073 (ii)1,370,073
(iii)398,156,304
2013113,758,944(iv)
20141216
309,255,838
(a)
BVI299,374,000 421,690,652
(i)398,156,3042013
113,758,944(ii)
BVI
307,931,708 Victory Mind Assets
LimitedVictory MindLead Ahead LimitedLead
AheadDragon City Management (PTC) LimitedDragon
City 15.06%25.09%28.24%Lead Ahead
Dragon City60%60%Victory MindAce Leader Holdings Limited
57%
(b) Alpha Talent1,807,850753,270
Alpha Talent
Alpha Talent753,270
Alpha Talent
Alpha Talent
(c) 570,860
2. 2004
20141231
XV78
XV
352
-
7/21/2019 ar139406-c02331.pdf
82/163
80
201412313365%
*
302,551,923 425,754,928 728,306,851
1
50.79%
299,374,000 421,690,652 721,064,652
2
50.29%
299,374,000 421,690,652 721,064,652
1(a)
50.29%
David Bonderman 53,000,000 307,967,476 360,967,476
3
25.17%
James G. Coulter 53,000,000 307,967,476 360,967,476
3
25.17%
Genesis Asset Managers, LLP 152,097,292 152,097,292 10.61%
Minister for Finance 74 ,579,126 76,133,125 150,712,251
4
10.51%
Lou Yunli 95,000,000 74,615,385 169,615,385
5
11.83%
James Christopher Kralik 95 ,000,000 74,615,385 169,615,385
5
11.83%
FIL Limited 84,405,742 84,405,742 5.89%
* 201412311,433,951,048
-
7/21/2019 ar139406-c02331.pdf
83/163
81
1. 302,551,9231,370,073
BVIAlpha Talent
301,181,850425,754,928
(i)1,370,073
(ii)1,370,073(iii)
398,156,3042013113,758,944
(iv)20141216
309,255,838
(a) BVI 299,374,000
421,690,652 (i)
398,156,304 2013
113,758,944 (ii)
307,931,708
Victory MindLead AheadDragon City
15.06%25.09%28.24%Lead AheadDragon City
60%40%Victory MindAce
Leader Holdings Limited
Jumbo Top Group Limited
57%38%
(b) Alpha Talent1,807,850753,270
Alpha Talent
Alpha Talent753,270
Alpha Talent
Alpha Talent
(c) 570,860
2. 1(a) 299,374,000421,690,652
3. TPG Stallion, L.P.TPG53,000,000307,967,476
(i)2017561,000,000
153,340,000(ii)
123,888,4712013
35,396,706(iii)TPG
119,230,770TPGTPG Asia Advisors V,
Inc.TPG Asia Advisors V, Inc.David Bonderman
James G. Coulter50%
4. Tetrad Ventures Pte LtdTetrad 58,735,500 76,133,125(i)2017
189,000,00051,660,000
(ii)Tetrad24,473,125
TetradGIC (Ventures) Pte Ltd Government
of Singapore Investment Corporation (Ventures) Pte Ltd)
GIC Special Investments Pte LtdTetrad
GIC Private LimitedGovernment of Singapore Investment
Corporation Pte LtdGICGIC15,843,626
Minister for Finance
5. Linden Street Capital LimitedLinden Lou YunliJames
Christopher Kralik50%(a)95,000,000
Milestone Capital Strategic Holdings Limited
50,000,000 Milestone Sports Limited 45,000,000
(b)74,615,385Linden
74,615,385
20141231
336
BVI
20141216BVI
BVI
201560%
BVI
BVI2.5%1,191
-
7/21/2019 ar139406-c02331.pdf
84/163
82
20141216BVI19.01%
BVI
BVI0.1%
5%BVI
20141216
2010831
2010201120121231
(i)(ii)(iii)
20121231
201314
201314201512
31
201320142015
1231
60,000,00090,000,000
90,000,000201314
20132014201512315%
14A
20141231
68,986,000
14A
(1)
(2)
(3)
(4)
3000
740
-
7/21/2019 ar139406-c02331.pdf
85/163
83
(1)
(2)
(3)
(4) 201314
36(d)
36
14A
20143
2120141114
2014628
2014106
2015318
2014630
13.51B(1)
20141231
201412
31
25%
20141231
-
7/21/2019 ar139406-c02331.pdf
86/163
84
37
2015
2015318
-
7/21/2019 ar139406-c02331.pdf
87/163
85
87159
20141231
-
7/21/2019 ar139406-c02331.pdf
88/163
86
20141231
2015318
-
7/21/2019 ar139406-c02331.pdf
89/163
87
12312014 2013
6 861,173 791,071
7 372,113 351,352
8 446,399 380,935
23 311,081 345,610
9 26,000 46,930
11 20,848 13,496
14 39,473 125,807
2,077,087 2,055,201
12 1,289,332 942,368
13 1,260,131 1,371,240
14 379,277 362,643
2,566
15 2,593 2,149
15 1,031,386 1,280,684
3,962,719 3,961,650
6,039,806 6,016,851
16 141,698 136,613
16 1,298,537 1,146,845
16 (3,719) (31,509)
17 984,398 1,101,347
17 (469,056) 330,934
1,951,858 2,684,230
217,583 207,534
2,169,441 2,891,764
-
7/21/2019 ar139406-c02331.pdf
90/163
88
12312014 2013
20 77,434 122,309
21 298,241 200,000
22 676,421 645,727
23 76,410 75,316
24 62,718 64,012
1,191,224 1,107,364
18 953,429 913,988
19 1,104,541 836,611
20 57,880 54,624
9
21 550,782 200,000
22 12,500 12,500
2,679,141 2,017,723
3,870,365 3,125,087
6,039,806 6,016,851
1,283,578 1,943,927
3,360,665 3,999,128
94159
-
7/21/2019 ar139406-c02331.pdf
91/163
89
12312014 2013
10 2,672,914 2,134,864
652,728 650,494 15 647 115,346
653,375 765,840
3,326,289 2,900,704
16 141,698 136,613 16,17 2,027,743 2,097,259
2,169,441 2,233,872
22 676,421 645,727
19 168,145 8,605 21 299,782 22 12,500 12,500
480,427 21,105
1,156,848 666,832
3,326,289 2,900,704
172,948 744,735
2,845,862 2,879,599
94159
-
7/21/2019 ar139406-c02331.pdf
92/163
90
12312014 2013
5 6,727,601 5,824,110
25 (3,724,092) (3,230,134)
3,003,509 2,593,976
25 (2,863,516) (2,674,235)
25 (703,145) (235,860)
26 34,279 146,702
(528,873) (169,417)
28 10,246 8,699
28 (153,352) (158,696)
(143,106) (149,997)
11 7,352 2,242
(664,627) (317,172)
29 (78,877) (42,219)
(743,504) (359,391)
(781,481) (391,540)
37,977 32,149
(743,504) (359,391)
30 (49.97) (26.91)
30 (49.97) (26.91)
94159
1231
2014 2013
31
-
7/21/2019 ar139406-c02331.pdf
93/163
91
12312014 2013
(743,504) (359,391)
(140) 657
(743,644) (358,734)
(781,621) (390,883) 37,977 32,149
(743,644) (358,734)
94159
-
7/21/2019 ar139406-c02331.pdf
94/163
92
16 16 16 17 17
201311 111,622 315,972 (41,185) 489,485 737,703 1,613,597 198,644 1,812,241
657 (391,540) (390,883) 32,149 (358,734) 44 1,929 1,973 1,973 21,104 21,104 21,104 4,285 (4,285) 9,676 (9,676)
15,229 (15,229) 1,441,484 1,441,484 1,441,484 24,947 824,659 (849,606) (23,804) (23,804) (3,045) (3,045) (1,955) (5,000) 2,500 2,500
20131231 136,613 1,146,845 (31,509) 1,101,347 330,934 2,684,230 207,534 2,891,764
201411 136,613 1,146,845 (31,509) 1 ,101,347 330,934 2,684,230 207,534 2,891,764
(140) (781,481) (781,621) 37,977 (743,644)
66 3,173 3,239 3,239 48,156 48,156 48,156 (17,481) 17,481 29,936 (29,936) (2,146) (2,146) (2,146) 18,509 (18,509) 5,019 166,000 (171,019) (27,928) (27,928)
20141231 141,698 1,298,537 (3,719) 984,398 (469,056) 1,951,858 217,583 2,169,441
94159
-
7/21/2019 ar139406-c02331.pdf
95/163
93
12312014 2013
32 (348,691) (17,594)
(45,664) 4,063
(394,355) (13,531)
(5,000)
1,000 (14,000)
(242,459) (93,801)
(84,769) (119,871)
(71,829)
1,482 61,827
5,664 8,699
(334,082) (218,975)
(27,928) (23,804)
3,239 1,973 (2,146)
2,500
921,512 1,803,005
(320,000) (2,848,243)
1,480,488
(39,004)
(99,560) (96,687)
(444) 11,539
474,673 291,767
(253,764) 59,261
1,280,684 1,241,304
4,466 (19,881)
1,031,386 1,280,684
94159
-
7/21/2019 ar139406-c02331.pdf
96/163
94
1.
200422619613
Cricket Square, Hutchins Drive, P.O.Box 2681, Grand Cayman KY1-1111, Cayman
Islands
2015318
2.
2.1
32
4
2.1.1 201412317.443.94
201513012
-
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97/163
95
2. 2.1
2.1.2 (a)
201411
32
36
10
12
272011
201411
(b)
201411
2010-20122011-20132012-2014(1)
16
38
(2)
15 (3)
9 (4)
(1) 201471(2) 201611(3) 201711(4) 201811
(c) 622
62235892014
33
6229
-
7/21/2019 ar139406-c02331.pdf
98/163
96
2. 2.2
1231
2.2.1
(a)
2.9
(b)
-
7/21/2019 ar139406-c02331.pdf
99/163
97
2. 2.2
2.2.2
2.3 20%50%
-
7/21/2019 ar139406-c02331.pdf
100/163
98
2. 2.4
2012111111
2.5
2.6 (a)
(b)
(c)
i.
ii.
iii.
-
7/21/2019 ar139406-c02331.pdf
101/163
99
2. 2.7
2040
2
2
1018
312
2.10
2.8 2050
-
7/21/2019 ar139406-c02331.pdf
102/163
100
2. 2.9
(a)
(b)
(210
(c) 3
(d)
102038
2.10
-
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103/163
101
2. 2.11
(a)
(i)
12
2.152.16
(ii)
12
(b)
20141231
2.12
-
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104/163
102
2. 2.13
(a)
(b)
-
7/21/2019 ar139406-c02331.pdf
105/163
103
2. 2.14
2.15
2.16
2.17 (a)
(b)
-
7/21/2019 ar139406-c02331.pdf
106/163
104
2. 2.18
2.19
2.20
12
12
2.21
-
7/21/2019 ar139406-c02331.pdf
107/163
105
2. 2.22
12
2.23
(a)
(b)
-
7/21/2019 ar139406-c02331.pdf
108/163
106
2. 2.23
(b)
(c)
2.24
(a)
-
7/21/2019 ar139406-c02331.pdf
109/163
107
2. 2.24
(b)
(c)
2.25
-
7/21/2019 ar139406-c02331.pdf
110/163
108
2. 2.26
(a)
90
(b)
(c)
(d)
-
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111/163
109
2. 2.26
(e)
(f)
2.27
2.28
2.29
-
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112/163
110
3. 3.1
(a) (i)
15
20141231
2014201312315%
2014 2013
5% (32,153) 4,009
5% 32,153 (4,009)
(ii)
2012287.5
2017284%
22
6.60%20136.76%4.92%20132.26%
21
-
7/21/2019 ar139406-c02331.pdf
113/163
111
3. 3.1
(b)
2014 2013
*
A 353,752 414,268
B 237,784 326,145
C 162,984 167,096
754,520 907,509
*
90
(c)
21
-
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114/163
112
3. 3.1
(c)
1 12 25 5
20141231
580,962 306,459 (a) 30,000 30,000 765,000 62,073 65,007 34,476 953,429 292,957
1,919,421 401,466 799,476
20131231
224,303 208,050 (a) 30,000 30,000 795,000 57,998 61,642 97,040 4,572 913,988 281,889
1,508,178 299,692 892,040 4,572
20141231
(a) 30,000 30,000 765,000 309,268 168,145
507,413 30,000 765,000
20131231
(a) 30,000 30,000 795,000 8,605
38,605 30,000 795,000
(a) 22201228
3,000
-
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115/163
113
3. 3.2
2014123186.4%2013123139.4%51.1%
2013123114.9%
3.3
4.
(a) 2.92.10
8
(b)
-
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116/163
114
4. (c)
2.15
(d)
2008115%
(e) 50%
-
7/21/2019 ar139406-c02331.pdf
117/163
115
5.
201412315,932,090,000681,708,000113,803,000201312315,082,786,000612,409,000128,915,000
201420131231
20141231
5,932,090 682,063 143,628 6,757,781 (355) (29,825) (30,180)
5,932,090 681,708 113,803 6,727,601
(679,533) 116,465 34,195 (528,873)
3,381,090 174,061 11,510 3,566,661
176,977 18,971 2,512 198,460
20131231
5,082,786 613,084 176,005 5,871,875 (675) (47,090) (47,765)
5,082,786 612,409 128,915 5,824,110
(279,572) 104,958 5,197 (169,417)
2,720,873 141,474 47,748 2,910,095
168,756 17,316 7,123 193,195
-
7/21/2019 ar139406-c02331.pdf
118/163
116
5.
1231
2014 2013
(528,873) (169,417)
10,246 8,699
(153,352) (158,696)
7,352 2,242
(664,627) (317,172)
1231
2014 2013
6,499,615 5,630,525
227,986 193,585
6,727,601 5,824,110
201420131231
10%
-
7/21/2019 ar139406-c02331.pdf
119/163
117
6.
201311
694,146 106,281 226,653 136,540 194,464 25,613 1,383,697
(123,183) (71,360) (174,546) (31,584) (125,980) (526,653)
570,963 34,921 52,107 104,956 68,484 25,613 857,044
20131231
570,963 34,921 52,107 104,956 68,484 25,613 857,044
702 13,568 36,804 5,926 21,680 11,019 89,699 30,655 1,494 (32,149)
(21,869) (78) (4,736) (1,671) (28,354)
(28,173) (24,490) (37,354) (12,769) (24,532) (127,318)
552,278 23,921 51,557 94,871 63,961 4,483 791,071
20131231
691,499 89,083 263,457 136,830 209,055 4,483 1,394,407
(139,221) (65,162) (211,900) (41,959) (145,094) (603,336)
552,278 23,921 51,557 94,871 63,961 4,483 791,071
20141231
552,278 23,921 51,557 94,871 63,961 4,483 791,071
44,796 125,908 33,546 3,355 15,915 5,046 228,566
5,021 2,542 126 (7,689)
(2,361) (358) (5,184) (1,729) (3,037) (12,669)
(29,463) (48,293) (32,729) (12,467) (22,843) (145,795)
570,271 101,178 47,190 86,572 54,122 1,840 861,173
20141231
738,838 194,401 244,367 136,872 200,352 1,840 1,516,670
(168,567) (93,223) (197,177) (50,300) (146,230) (655,497)
570,271 101,178 47,190 86,572 54,122 1,840 861,173
4,661,00020135,796,0007
41,644,000201339,008,00080,079,000201354,378,00024,072,000201333,932,000
20141231403,819,0002013123121
-
7/21/2019 ar139406-c02331.pdf
120/163
118
7.
201311
404,129
(41,366)
362,763
20131231
362,763
(2,610)
(8,801)
351,352
20131231
399,054
(47,702)
351,352
20141231
351,352
29,785
(9,024)
372,113
20141231
428,839
(56,726)
372,113
20502014123198,791,0002013
1231101,613,000
2014123181,518,00020131231
21
-
7/21/2019 ar139406-c02331.pdf
121/163
119
8.
201311
179,226 119,037 128,754 288,430 41,339 756,786
(34,507) (73,861) (205,210) (19,826) (333,404)
179,226 84,530 54,893 83,220 21,513 423,382
20131231
179,226 84,530 54,893 83,220 21,513 423,382
10,930 3,699 14,629
(5,538) (19,495) (26,636) (5,407) (57,076)
179,226 78,992 46,328 60,283 16,106 380,935
20131231
179,226 119,037 139,684 292,129 41,339 771,415
(40,045) (93,356) (231,846) (25,233) (390,480)
179,226 78,992 46,328 60,283 16,106 380,935
20141231
179,226 78,992 46,328 60,283 16,106 380,935
67,087 22,078 19,940 109,105
(5,538) (17,424) (13,384) (7,295) (43,641)
246,313 73,454 50,982 46,899 28,751 446,399
20141231
246,313 119,037 161,762 292,129 61,279 880,520
(45,583) (110,780) (245,230) (32,528) (434,121)
246,313 73,454 50,982 46,899 28,751 446,399
-
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122/163
120
8.
Kason
2013111231 106,839 72,387
201411 106,839 72,387
67,087
20141231 67,087 106,839 72,387
5%1.8%3%
22.8%14.7%18.8%
9. 20141231
2014 2013
26,000 46,930
2014 2013
11 46,930 46,930
14,000
(34,930)
1231 26,000 46,930
-
7/21/2019 ar139406-c02331.pdf
123/163
121
10. (a)
2014 2013
79,568 79,568
2,598,260 2,023,787
3,719 31,509
(8,633)
2,672,914 2,134,864
20141231
RealSports Pte Ltd.
2002108
1,000 100%
2004528
1 100%
2003319
100 100%
1997825
8,000,000 100%
2000420
2,000,000
100%
20011218
3,000,000
100%
200335
3,000,000
100%
-
7/21/2019 ar139406-c02331.pdf
124/163
122
19961031
1,000,000
100%
20011213
8,241,000
100%
200776
416,670,000
100%
2007828
1,000 100%
2013821
100,000,000 100%
20071219
10,000,000 100%
200179
10,000,000
100%
1998625
2,750,000
100%
1998106
3,200,000
100%
1999610
3,000,000
100%
2003415
1,000,000
100%
10. (a)
-
7/21/2019 ar139406-c02331.pdf
125/163
123
199962
1,000,000
100%
1997114
5,000,000
100%
200088
5,000,000
100%
19991214
3,500,000
100%
2003415
1,000,000
100%
200524
1,000,000
100%
1998826
1,000,000
100%
1998729
1,500,000
100%
2006123
1,000,000
100%
2008114
20,000,000
100%
200824
1,000,000
100%
10. (a)
-
7/21/2019 ar139406-c02331.pdf
126/163
124
2008924
1,000,000
100%
2009513
1,000,000
100%
20091026
1,000,000
100%
2010613
3,000,000
100%
20101217
1,000,000
100%
2011321
1,000,000
100%
2008927
10,000,000
100%
2009119
330,000,000
100%
19951226
112,000,000
57.5%
1996821
15,900,000
57.5%
20101227
2,000,000
57.5%
10. (a)
-
7/21/2019 ar139406-c02331.pdf
127/163
125
201156
2,000,000
57.5%
2002810
15,000,000
43.1%
1998729
500,000
57.5%
2011727
10,000,000
100%
2009119
400,000,000
100%
2011124
5,000,000
100%
2008630
20,000,000
100%
2008115
1 100%
2010827
2 100%
2010112
411,844,000
100%
2013418
50,00,000
95%
10. (a)
-
7/21/2019 ar139406-c02331.pdf
128/163
126
20131225
1,000,000
100%
20131225
1,000,000
100%
201442
1,000,000
100%
2014415
1,000,000
100%
2014422
1,000,000
100%
2014523
1,000,000
100%
201466
1,000,000
100%
(b) 20141231217,583,000
215,033,000
10. (a)
-
7/21/2019 ar139406-c02331.pdf
129/163
127
10. (b)
1231
2014 2013
288,041 291,790
267,455 238,060
20,58653,730
639,596 584,506
62,471 64,997
577,125 519,509
597,711 573,239
1231
2014 2013
680,761 606,828
115,062 98,782
(26,698) (25,555)
88,364 73,227
88,364 73,227
37,927 32,149
-
7/21/2019 ar139406-c02331.pdf
130/163
128
10. (b)
1231
2014 2013
162,982 188,251
(31,489) (25,720)
131,493 162,531
(10,514) (75,362)
(73,463) (83,571)
47,516 3,598
93,726 90,804
(1,038) (676)
140,204 93,726
11.
2014 2013
20,848 13,496
1231 20,848 13,496
2014 2013
(3,275)
7,352 5,517
1231 7,352 2,242
-
7/21/2019 ar139406-c02331.pdf
131/163
129
11. 20141231
2011524
30,000,000
13.30%
201183
20,790,000
14.82%
20%
2014123120131231
3,275,0003,275,0002014
20131231
2014 2013
11 13,496 7,979
7,352 5,517
1231 20,848 13,496
200573
48,600,000 50%
50%Aigle International S.A.
-
7/21/2019 ar139406-c02331.pdf
132/163
130
12. 2014 2013
39,611 43,597
32,930 50,634
1,481,024 1,230,203
1,553,565 1,324,434
(264,233) (382,066)
1,289,332 942,368
20141231 3,520,187,00020133,027,645,000
201420131231
13. 2014 2013
1,825,483 1,948,188
31,414 13,980
1,856,897 1,962,168
(596,766) (590,928)
1,260,131 1,371,240
2014 2013
0 30 367,794 420,487
31 60 218,264 175,736
61 90 237,383 195,300
91 180 560,231 662,768
180 473,225 507,877
1,856,897 1,962,168
-
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133/163
131
13. 90201412311,033,456,000201312311,170,645,000
4(c)
20141231
596,766,00020131231590,928,000
2014 2013
11 590,928 937,535
8,942 (337,053)
(3,104) (9,554)
1231 596,766 590,928
-
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134/163
132
14. 2014 2013
221,973 209,648
46,587 12,434
32,810
21,246 20,441
18,069 37,837
9,860 8,736
71,829
35 66,956
68,205 60,569
418,750 488,450
(39,473) (125,807)
379,277 362,643
15.20141231
2014 2013 2014 2013
1,031,386 1,280,684 647 115,346
2,593 2,149
1,033,979 1,282,833 647 115,346
-
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135/163
133
15.
2014 2013 2014 2013
970,446 1,144,405
18,560 125,544 626 115,346
13,590 9,332 21
30,406 3,352
977 200
1,033,979 1,282,833 647 115,346
16.
0.10
201420131231 10,000,000 1,000,000
-
7/21/2019 ar139406-c02331.pdf
136/163
134
16.
0.10
201311 1,053,470 111,622 315,972 427,594 (41,185) 386,409
551 44 1,929 1,973 1,973
4,285 4,285 4,285
738 9,676 9,676
313,175 24,947 824,659 849,606 849,606
20131231 1,367,934 136,613 1,146,845 1,283,458 (31,509) 1 ,251,949
201411 1,367,934 136,613 1,146,845 1,283,458 (31,509) 1,251,949
830 66 3,173 3,239 3,239
17 63,488 5,019 166,000 171,019 171,019
(17,481) (17,481) (17,481)
1,706 29,936 29,936
(470) (2,146) (2,146)
20141231 1,433,488 141,698 1,298,537 1,440,235 (3,719) 1,436,516
2014123120044.92720134.519
830,0002013551,0000.1033
-
7/21/2019 ar139406-c02331.pdf
137/163
135
17.
201311 64,175 233,945 74,074 113,395 3,896 489,485 737,703 1,227,188
(391,540) (391,540)
21,104 21,104 21,104
(4,285) (4,285) (4,285)
5,661 (5,661)
(9,676) (9,676) (9,676)
15,229 15,229 (15,229)
c 1,441,484 1,441,484 1,441,484
(849,606) (849,606) (849,606)
(3,045) ( 3,045) (3,045)
657 657 657
20131231 66,791 249,174 75,556 113,395 591,878 4,553 1 ,101,347 330,934 1 ,432,281
201411 66,791 249,174 75,556 113,395 591,878 4,553 1,101,347 330,934 1,432,281
(781,481) (781,481)
48,156 48,156 48,156
17,481 17,481 17,481
12,023 (12,023)
(29,936) (29,936) (29,936)
18,509 18,509 (18,509)
c (171,019) (171,019) (171,019)
(140) (140) (140)
20141231 78,814 267,683 99,234 113,395 420,859 4,413 984,398 (469,056) 515,342
-
7/21/2019 ar139406-c02331.pdf
138/163
136
17.
201311 222,185 74,074 113,395 409,654
(58,261) (58,261)
21,104 21,104
(4,285) (4,285)
5,661 (5,661)
c 1,441,484 1,441,484
(849,606) (849,606)
(9,676) (9,676)
20131231 163,924 5,661 75,556 113,395 591,878 950,414
201411 163,924 5,661 75,556 113,395 591,878 950,414
(85,890) (85,890)
48,156 48,156
17,481 17,481
12,023 (12,023)
c (171,019) (171,019)
(29,936) (29,936)
20141231 78,034 17,684 99,234 113,395 420,859 729,206
-
7/21/2019 ar139406-c02331.pdf
139/163
137
17. (a)
2004
(b)
10%
50%25%
10% 50%
(c) 201341,847,838,0001,480,488,000
3.50
527,953,814
32
1,798,838,00049,000,000
1,441,484,000
TPG Stallion, L.P.TPG18,617,00012,412,00014,819,0009,879,000
201412311,283,360,0001,020,625,000
216,314,000171,019,0002014123163,488,00016
-
7/21/2019 ar139406-c02331.pdf
140/163
138
18. 3060
2014 2013
0 - 30 704,434 651,017
31 - 60 122,191 206,844
61 - 90 97,512 27,899
91 - 180 19,335 18,580
181 - 365 5,126 2,737
365 4,831 6,911
953,429 913,988
19.
2014 2013 2014 2013
379,293 305,439
a 152,106 152,106
130,442 106,270
124,046 102,488
32,537 18,354 11,650 49,096
274,467 254,964 16,039 8,605
1,104,541 836,611 168,145 8,605
(a) 2014815187,500,000
7.24,187,00020151
-
7/21/2019 ar139406-c02331.pdf
141/163
139
20.
201311 263,663
3,699
(108,941)
28 21,270
(2,758)
20131231 176,933
201411 176,933
(59,685)
28 18,044
22
20141231 135,314
2014 2013
5 2,324
25 77,434 119,985
57,880 54,624
135,314 176,933
2014 2013
1 62,073 57,998
15 99,483 158,682
4,572
161,556 221,252
-
7/21/2019 ar139406-c02331.pdf
142/163
140
21.
2014 2013 2014 2013
298,241 200,000
550,782 200,000 299,782
849,023 400,000 299,782
251,000 400,000
299,782 299,782
298,241
849,023 400,000 299,782
498,241
350,782 400,000 299,782
849,023 400,000 299,782
201412316.60%20136.76%
4.92%20132.26%
20141231498,241,000672013
123120141231200,000,00020131231
20141231 200,000,000201312311,128,580,000
20145130,000,000
2014123138,900,000
-
7/21/2019 ar139406-c02331.pdf
143/163
141
21.
201311 1,447,157 162,157
1,803,005
(1,919) (1,919)
(2,848,243) (160,238)
20131231 400,000
201411 400,000
772,299 300,694
(3,276) (912)
(320,000)
20141231 849,023 299,782
2014 2013 2014 2013
- 6 350,782 5,000 299,782
- 612 200,000 195,000
- 12 298,241 200,000
849,023 400,000 299,782
22. 201228TPGTetrad Ventures Pte. Ltd.GIC750,000,000
4%2017277.74
130%
113,395,00017
-
7/21/2019 ar139406-c02331.pdf
144/163
142
22. 2013123(1)
(2)7.744.5
668,525,000
634,896,00033,629,000
201326
2014 2013
11 658,227 634,896
(30,000) (30,000)
60,694 53,331
1231 688,921 658,227
(12,500) (12,500)
676,421 645,727
20141231750,000,00020141231
9.5120141231
-
7/21/2019 ar139406-c02331.pdf
145/163
143
23.
201311 36,066 2,019 4,676 92,524 204,313 22,469 362,067
(11,314) (2,019) (592) (28,079) 25,699 (152) (16,457)
20131231 24,752 4,084 64,445 230,012 22,317 345,610
201411 24,752 4,084 64,445 230,012 22,317 345,610
(6,739) 5,365 (23,627) (17,118) 7,590 (34,529)
20141231 18,013 9,449 40,818 212,894 29,907 311,081
201311 (77,158) (2,160) (79,318)
4,093 (91) 4,002
20131231 (73,065) (2,251) (75,316)
201411 (73,065) (2,251) (75,316)
3,937 (46) 3,891
35 (4,985) (4,985)
20141231 (74,113) (2,297) (76,410)
-
7/21/2019 ar139406-c02331.pdf
146/163
144
23.
2014 2013
12 225,619 252,459
12 85,462 93,151
311,081 345,610
12 (5,821) (6,336)
12 (70,589) (68,980)
(76,410) (75,316)
20152019 1,782,390,00020131,096,351,000
443,837,0002013272,231,000
200811
16,311,000201321,078,000326,220,0002013
421,563,000
24.
201311 59,736
5,570
(1,294)
20131231 64,012
201411 64,012
(1,294)
20141231 62,718
-
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147/163
145
25. 2014 2013
3,520,187 3,027,645
a 145,795 127,318
52,665 65,877
1,297,881 1,407,041
819,699 670,298
746,661 582,736
a 173,795 172,571
277,099 237,466
8,942 (337,053) 34,930
4,350 4,200
93,638 94,596
59,223 56,715
(a)
26.
2014 2013
25,412 101,551
8,867 11,522
22 33,629
34,279 146,702
27.
2014 2013
403,312 351,394
c 55,183 46,678
48,156 21,104
19,043 16,789
294,005 234,333
819,699 670,298
-
7/21/2019 ar139406-c02331.pdf
148/163
146
27. (a)
20131231
(i)
3,710 960 17 161 4,848
127 1,371 2,446 113 4,057
500 215 715
270 355 625
270 355 625
250 355 605
(ii) 167 43 210
250 215 465
250 215 465
20141231
(i)
3,710 13,124 162 16,996
(iii) 191 439 67 697
500 17,388 17,888
270 156 426
270 156 426
250 156 406
250 126 376
266 126 392
(i)
(ii) 201391
(iii) 2014106
-
7/21/2019 ar139406-c02331.pdf
149/163
147
27. (b)
201420131231
20142013
2014 2013
5,331 7,647
6,195 7,155
212 263
11,738 15,065
2014 2013
4,000,0014,500,000 1
4,500,0015,000,000 1
5,000,0015,500,000 1
5,500,0016,000,000 1
6,000,0016,500,000 1
7,500,0018,000,000 1
3 3
(c)
5%22%
-
7/21/2019 ar139406-c02331.pdf
150/163
148
28. 2014 2013
5,664 8,699
4,582
10,246 8,699
20 (18,044) (21,270)
(37,873) (51,794)
(60,694) (57,724)
(15,861)
(36,741) (12,047)
(153,352) (158,696)
(143,106) (149,997)
29.
2014 2013
b 3,361 1,823
c 41,059 24,002
d 3,819 3,939
48,239 29,764
30,638 12,455
78,877 42,219
(a)
RealSports Pte Ltd.
(b) 2014123116.5%201316.5%
(c) 25%2013 25%
-
7/21/2019 ar139406-c02331.pdf
151/163
149
29.
(d) 2014201312317%
25%
2014 2013
(664,627) (317,172)
25%201325% (166,157) (79,293)
5,934 (684)
193,934 113,204
54,410 20,087
(13,063) (15,034)
3,819 3,939
78,877 42,219
30.
20134170
35,717,000(201358,768,000
02013
20151 37 0
145,904,0002013145,904,000
02013
-
7/21/2019 ar139406-c02331.pdf
152/163
150
30.
2014 2013
(781,481) (391,540)
1,382,244 1,250,126 181,621 204,672
1,563,865 1,454,798
(49.97) (26.91)
2014 2013
(781,481) (391,540)
1,382,244 1,250,126 181,621 204,672
1,563,865 1,454,798
(49.97) (26.91)
20141231201412310.55180
2.051.2420130.41802.05
1.772014
-
7/21/2019 ar139406-c02331.pdf
153/163
151
31. 201420131231
32.
2014 2013
(664,627) (317,172)
145,795 127,318
52,665 65,877 12,686 (52,879)
22 (33,629)
8,942 (337,053)
(117,833) (203,930)
34,930
48,156 21,104
139,830 149,997
(1,294) (1,294)
(7,352) (2,242)
(348,102) (583,903)
(229,131) 162,930 13,892 378,417
81,067 (50,011)
39,441 (44,032)
94,142 119,005
(348,691) (17,594)
33.
(a) 200420046520042004
20046510
2004
-
7/21/2019 ar139406-c02331.pdf
154/163
152
33. (a) 2004
1
(a)(b)
(c)
200430%
12
1%2004
102004
200420145302004
2014 2013
11 7.677 40,780 8.884 35,451
6.933 21,456 4.783 9,420
(i) 8.167 3,040 4.927 (830) 4.519 (551) 9.745 (6,072) 6.628 (6,580)
1231 7.203 55,334 7.677 40,780
1231 8.635 27,172 11.696 14,525
(i) 2004
20134222004
-
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155/163
153
33. (a) 2004
2004
2014 2013
201474 15.820 15.820 1,301
20141231 4.920 4.920 9,937
2015119 10.450 6,948 10.450 7,465
201541 12.110 12.110 450
20151022 20.090 2,147 20.090 2,5672017715 9.090 2,569 9.090 2,932
201874 4.310 726 4.310 726
20181231 4.920 15,135 4.920 7,980
20181231 7.000 1,950
2019930 7.000 15,071
20191231 5.070 5,890 5.070 6,328
20191231 6.790 984 6.790 1,094
20201231 7.000 3,264
20201231 5.100 650
55,334 40,780
2014201312312004
2014 2013
2004 38,825 12,922
-
7/21/2019 ar139406-c02331.pdf
156/163
154
33. (a) 2004
2014 2013
2004
6.65 5.57
6.94 5.58
52.6% 52.7%
3.23 4.36
0.8% 0.9%
0.3% 1.0%
2004628
2004 20141231
35,409,000201317,220,000.
(b) 201420145302014201412312014
(c) 200671410
1236
-
7/21/2019 ar139406-c02331.pdf
157/163
155
33. (c)
5%
10,278,00020067141%
2014 2013
11 19.61 825 18.27 1,774
6.71 2,740
8.60 (1,706) 18.75 (738)
8.96 (49) 11.38 (211)
1231 10.743 1,810 19.61 825
2014123112,747,00020133,884,000
34. (a)
201420131231
(b)
2014 2013
1 243,368 248,935
15 303,773 443,192
5 11,744 31,197
558,885 723,324
201420131231
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158/163
156
35. 201421133,612,000
201422230,542,000
201432832,323,000
67,087,000
2014211 2014222 2014328
33,612 30,542 32,323
506 2,827 5,539
1,997 562 3,004
8 10,100 5,640 4,200
(2,525) (1,410) (1,050)
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8 23,534 22,923 20,630
33,612 30,542 32,323
170,00020141231
20141231
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157
35. 20141231244,909,00031,564,000
2014112014123167.44
7.41
36.
(a)
2014 2013
8,795 3,675
(b)
2014 2013
18,381 16,184
7,361 6,469
25,742 22,653
-
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160/163
158
36. (c)
2014 2013
4,050 4,023
1,484 965
860
480 500
6,874 5,488
(d)
2014 2013
68,986 46,188
(e)
2014 2013
20,334 22,138
653 556
36,558 9,362
57,545 32,056
-
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161/163
159
36. (f)
2014 2013
444
6,750
900
1,428 462
1,872 8,112
4,635 4,016
152,106
59,200 8,688
215,941 12,704
37.
20141216 12
52.60
201513012
2004
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162/163
160
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163/163