| Schedule of Ordinary Shares |
Except for the voting rights and the conversion rights, the Class A ordinary shares and
the Class B ordinary shares shall rank pari passu with one another and shall have the same rights, preferences, privileges and restrictions.
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Numbers of shares |
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Notes |
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Class A
ordinary shares |
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Class B
ordinary shares |
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Class B
treasury shares |
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| As of January 1, 2023 |
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144,077,211 |
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131,739,722 |
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101,787,257 |
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| Issued during the year |
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(i), (ii) |
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98,688,525 |
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— |
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— |
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| Re-issue of treasury shares |
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(iii) |
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— |
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30,875,576 |
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(30,875,576 |
) |
| Repurchase of ordinary shares |
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(iv) |
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— |
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(4,773,270 |
) |
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4,773,270 |
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| As of December 31, 2023 |
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242,765,736 |
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157,842,028 |
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75,684,951 |
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| Issued during the year |
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(v) |
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12,157,782 |
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— |
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— |
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| As of December 31, 2024 |
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254,923,518 |
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157,842,028 |
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75,684,951 |
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| | (i) | In April 2023, the Company issued 90,000,000 Class A shares to the private investors at US$1.04 per share. |
| | (ii) | During the year ended December 31, 2023, the Company acquired 100% of The Art Newspaper SA with part of purchase consideration settling by issuing 8,688,525 Class A shares to the selling shareholders with fair value of US$5,607. Details on Note 32 (a)(ii). |
| | (iii) | In February 2023, the Company acquired WME Assets and the transaction was settled by 30,875,576 Class B treasury shares of the Company reissued at US$8.68 per share of the Company. |
| | (iv) | On December 31, 2023, the Company repurchased 4,773,270, Class B ordinary shares from the immediate holding company, amounting to US$40,000. |
| | (v) | During the year ended December 31, 2024, the Company issued 12,157,782 Class A shares at a consideration of US$20,000. |
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