38 23 www.boyaa.com.hk 0434 Maples Corporate Services LimitedP.O. Box 309Ugland HouseGrand Cayman KY1-1104Cayman Islands 18819 Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary Hall, Cricket SquareGrand Cayman KY1-1102Cayman Islands 183 171712-1716 Web3Web3 271.3332.1 72.7%68.8% 48.340.6 104.698.9 841.151.2 886.32.6118.91.8 14.8% 138.7100.338.3%52.8%27.8%71.6%28.4% 19.4% 32.227.4 17.7% 72.946.1%106.4 76.7%72.7% 30.75.3% 29.1 743.616.3 138.72.9 671.532.1 46.0% 670.01.531.90.2 16.9%17.1% 128.4744.317.3%53.4%29.3% 5.0% 89.3208.5 63.610.3 300.099.0% 3.3 56,271,992 5% Web3Web3Web3 ARPPU (a)50% Web3Web3 128 0.10640.037220%5% 5% 20% 14.07100% 3,445,000 1.0% (i)(ii)70,957,6309.99% (i)(ii) 1.5% (c) (i)(ii) The Core Admin Boyaa RSU Limited (i) (iii) (a) 1717.1217 17.05A 39,644,660Core Administration RSU Limited 5.58%0% 41,072,9915.78%1,345,0000.19%1736 37,390,49439,644,660CoreAdministration RSU Limited 17.07(3) (a) 1.00 (i)1225%(ii)2425%(iii)252450% (b) (i)1225%(ii)1812.5%(iii)2412.5%(iv)252450% (b) (i)25%12(ii)12.5%18(iii)12.5%24(iv)50%2524 (i)25%12(ii)25%24(iii)12.5%30(iv)12.5%36(v)25%3712 (i)25%12(ii)25%24(iii)12.5%30(iv)12.5%36(v)25%3712 (i)25%12(ii)25%24(iii)12.5%30(iv)12.5%36(v)25%3712 (1)L (2)Chunlei TrustZhang Family TrustChunlei Investment LimitedChunlei InvestmentBoyaaGlobal LimitedEmily Technology LimitedZhang Family TrustBoyaa Global LimitedEmily Technology Limited176,572,47469,665,0009,391,000 (3)Zhang Family TrustCantrust (Far East) LimitedRustem LimitedCantrust (Far East) LimitedChunlei InvestmentChunlei InvestmentBoyaa Global LimitedEmily Technology LimitedCantrust (Far East) LimitedChunlei InvestmentBoyaa Global LimitedEmily Technology Limited (4)Dai Family TrustCantrust (Far East) LimitedRustem LimitedCantrust (Far East) LimitedVisioncode HoldingsLimitedVisioncode Holdings LimitedComsenz Holding LimitedCantrust (Far East) LimitedVisioncode Holdings LimitedComsenz Holding Limited36,500,000 (5)Core Administration RSU LimitedCore Administration RSU Limited41,072,991The Core Admin Boyaa Option LimitedTCT (BVI) LimitedThe Core Admin Boyaa Option Limited3,372,154 336 14.7%9.4%4.3% 202450% (1)(2)(3)(4)(5)(6) (c) (e) 8,000,0008,000,000 38AA iv. 74014A.56 A.2.1 2.3 1438 (i)(ii) 44441133 111111N/AN/A 66%34% E.1.2(c)(ii) (www.boyaa.com.hk)18819 (www.boyaa.com.hk)183171712-1716 (https://www.boyaa.com.hk) 3. •LED•••• (3)IT 3.53,5003 405,648,000 89,311,000 https://www.hkicpa.org.hk/en/Standards-setting/Standards/Our-views/auditre 1. P.O. Box 309, Ugland House, GrandCayman, KY1-1104, Cayman Islands18819 21 2. 3. 4 3. 3. (b) (c) 3. 3. (b) 3. 3. (b) 3. 3. 3. (a) (b) 5. 5. 10. 11.1,078687 12.13,1959,75232146,54719159,7429,771 12. (b) 14. 15. 23. 24. 24. 25. 26. 31. 2,000,000,0000.00005 10%50%25% 10%50% (b) 571,865 15,000,00025%25%12.5%2.083% 404,169 (b) 15,905,592 (a) (b) 39.