芒果超媒：2023年年度报告（英文版）

1 Mango Excellent Media Co., Ltd. Annual Report 2023 April 2024 2 Annual Report 2023 Section I Important Note, Table of Contents and Definitions The Board of Directors, the Board of Supervisors, directors, supervisors and executives of the Company hereby warrant that the information contained in this Annual Report is true, accurate and complete and this Annual Report is free from any misrepresentation, misleading statement or material omission, and agree to assume joint and several liability for this Annual Report. CAI Huaijun, Principal of the Company, ZHANG Zhihong, CFO and TAO Jinyu, Chief Accountant, hereby represent that the financial statements contained in this Annual Report are true, accurate and complete. All directors of the Company attended the meeting of the Board of Directors reviewing this Report. This Report contains certain forward-looking statements regarding future plans, development strategies and other projected matters, which do not constitute any substantial covenant made by the Company to the investors and related persons. The investors and related persons shall be fully aware of the relevant risks, and understand the differences among such plans, forecasts and covenants. The Company has stated in details the possible risks in its operation and countermeasures in this Report. Investors are advised to refer to the Section III “Management’s Discussion and Analysis – Prospects for future development of the Company”. According to the profit distribution proposal approved by the Board of Directors, 3 the Company will distribute a cash dividend of RMB1.8 (tax inclusive) per 10 shares to all shareholders on the basis of 1,870,720,815 shares, without distributing any bonus shares or transferring any capital reserve to the share capital. 4 Table of Contents Section I Important Note, Table of Contents and Definitions ...............................................................................2 Section II Company Profile and Key Financial Indicators ...................................................................................7 Section III Management’s Discussion and Analysis ............................................................................................ 11 Section IV Corporate Governance ........................................................................................................................36 Section V Environmental and Social Responsibility ............................................................................................57 Section VI Important Events .................................................................................................................................58 Section VII Share Changes and Information of Shareholders ...........................................................................72 Section VIII Preference Shares ..............................................................................................................................79 Section IX Bonds .....................................................................................................................................................80 Section X Financial Report ....................................................................................................................................81 5 List of References 1. Financial statements signed and chopped by the Principal, CFO and Chief Accountant of the Company; 2. Original of the auditor’s report stamped with the seal of the accounting firm and signed and chopped by the certified public accountants; 3. Originals of all documents of the Company publicly disclosed on the website for information disclosure designated by the China Securities Regulatory Commission during the Reporting Period and related announcements; and 4. Other references. 6 Definitions Terms means Definition Mango Excellent Media, Company, we or the Listed Company means Mango Excellent Media Co., Ltd. Mango Excellent Media Co., Ltd. means the full name of the Company in English. MANGO means the short name of the Company in English. Happy Sunshine means Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd., a wholly-owned subsidiary of the Listed Company. Mango TV means the online video platform affiliated to the Listed Company and operated by Happy Sunshine. Golden Eagle Cartoon means Hunan Golden Eagle Cartoon Media Co., Ltd., a wholly-owned subsidiary of the Listed Company. Xiaomang E-commerce means Xiaomang E-commerce Co., Ltd., a subsidiary controlled by the Listed Company. Happigo means Happigo Co., Ltd., a wholly-owned subsidiary of the Listed Company. EE-Media means Shanghai EE-Media Co., Ltd., a wholly-owned subsidiary of the Listed Company. Mango Studios means Mango Studios Culture Co., Ltd., a wholly-owned subsidiary of Happy Sunshine. Mango Entertainme