FIRST QUARTERLY REPORT

(Incorporated in Bermuda with limited liability) GEM Stock Code: 8078 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”)

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This report, for which the directors of Emperor Entertainment Group Limited (the “Company”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (“GEM Listing Rules”) for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this report is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this report misleading; and (3) all opinions expressed in this report have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. telecommunications operators amountedtoapproximatelytelecommunications operators HK$1.4million(2008:HK$0.8 million). multimedia contentto approximately HK$5.1million(2008: HK$4.9million).Incomefromprovision of of to approximately HK$3.0 million(2008:HK$4.3million).Copyrightlicensingincomecontributedrevenue musicalbumsamounted During thePeriod, theGroupreleasedseven musicalbums(2008:10).Salesof theGroup. operations of andprovides synergywithother asachannelforpromotingartistes HK$10.0millionin2008.Itserves of theGroup’samounting to24.0%of totalrevenue. The segmentremainedstablecomparedwithrevenue approximately HK$9.5million, turnoverThe of musicproductionanddistributionsegmentreported Music Production andDistribution byBoard withperformances singers andbandsfromHongKong, MainlandChinaandTaiwan. Group. concert “ concert During thePeriod, theGrouporganised a stage event “ approximately HK$1.5million(2008:HK$6.9million),whichcontributed3.8%totheGroup’s totalrevenue. The andstage Groupalsoengages performance. inorganising This concerts segmentrecorded incomeof Event Production asat30thSeptember,The Groupmanaged 2009. 50artistes spendings. Group althoughthebusinessissubjecttofl theGroup’saccounting for22.1%of totalrevenue. This segmentprovided astable revenue driver forthe approximately HK$8.7million,upfromHK$3.9millionin2008, Period. turnover The of segmentreported management businessremainedamajorrevenueThe contributortotheGroupduring artiste Management Artiste OPERATION REVIEW lossmadeonfi impairment substantial reductionof loss toapproximately HK$1.4millionfromHK$67.2lastyear duetocost-cuttingmeasures andthe period.TheHK$39.4 millionfromHK$23.1forthepreviouscorresponding its Grouphadnarrowed 70.5%inrevenue toapproximately anincreaseof (collectively toasthe“Group”)reported referred For thethreemonthsended30thSeptember, 2009(the“Period”), theCompanyanditssubsidiaries DISCUSSION ANDANALYSISMANAGEMENT Summer Pop inHongKong -Live uctuations due to changes in economic climate and advertising uctuations duetochanges ineconomicclimateand advertising ”, a two-day pop concert hostedby theHongKong”, atwo-daypopconcert Tourism lm rights of certain fi certain lm rightsof I OughttobeinPictures lms and prepaid artiste fees of the feesof lms andprepaidartiste ” andjointlyorganised the 01 Emperor Entertainment Group Limited First Quarterly Report 2009/2010 lms rst in front of to go in camera , a co-production with Sil-Metropole lm, a tribute to celebrate the 60th anniversarylm, a “Triple Tap” “Triple ”. The fi ”. The ”, starring artistes up-and-coming a trio of – Ken EEG’s ”, which starred Eric Bana and Rachel McAdams. Both fi ”, which starred McAdams. Eric Bana and Rachel – a co-production with Beijing Buyilehu Films – teaming up for – a co-production with Beijing Buyilehu Films – teaming ce. lm to gross over RMB400 million theatrically in China. gross over lm to le EMP projects during the Period. The fi The le EMP projects during the Period. (Continued) Happily Ever After The Founding of Founding The a Republic “Let The Bullets Fly” “Let The The Time Traveler’s Wife Time Traveler’s The fi rst Chinese language nally begun on two high profi rst time the foremost acting talents of Chow Yun-fat, Ge You and Jiang Wen himself. Filming on these Filming himself. and Jiang Wen rst Ge You of time the foremost acting talents Yun-fat, Chow Organisation and Beijing’s Bona Entertainment, which stars Daniel Wu, Louis Koo, Charlene Bona Entertainment, Choi, Louis Koo, which stars Daniel Wu, and Beijing’s Organisation long-awaited Jiang Wen’s on location in Beijing by followed was This Li Bingbing. and China’s Chapman To action/black comedy The Group will continue to leverage on its strong talent base and industry will continue to leverage Group expertiseThe and strengthen the audience reach of Group hopes to its artistes The in the highly mobile industry. in order to stay competitive returns in artistesboost the popularity of through album sales and thus enhance the Group’s the Group’s artiste and concert management production. Although the global economy has shown some signs ofAlthough the global economy has shown recovery in 2009, the entertainment and advertising markets remained uncertain promotions and and companies hesitated to commit to aggressive advertising spending. PROSPECTS On the production front, after months ofpreparation, principal photography painstaking and meticulous has fi contemporary action thriller Derek Yee’s was Hong Kong the fi the end ofprojects is scheduled for completion by 2009, with commercial releases earmarked for 2010. Hung, Carlos Chan and Michelle Wai – and co-directed by Y.Y. Kong and Azrael Chung. Under its ongoing Chung. and Azrael Kong Y.Y. Carlos – and co-directed by Hung, Michelle Wai Chan and also co-distributed the with Lark Films Distribution Limited, EMP has and successful strategic alliance romantic fantasy “ of Republic of shattered all records to China and featuring an all-star cast, the founding of People’s The become the fi In Hong Kong, EMP released “ EMP released In Hong Kong, Film and Television Programme Production and Distribution Production Programme Film and Television of and distribution revenue programme production and television from film Group received The accounted for 50.1% of HK$2.3 million), which (2008: the Period HK$19.7 million during approximately the on all fronts during to be active Pictures (EMP) continues Emperor Motion revenue. total the Group’s Period. Shortly debut of EMP also marked the astonishing theatrical after the Period, recent one of EMP’s “ projects, investment OPERATION REVIEW OPERATION performed satisfactorily at the local box-offi

Emperor Entertainment Group Limited

02 First Quarterly Report 2009/2010 distribute andmarketEMP’s fi comingslateof togain inBeijing, astronger EMPaplatform whichhopefullywilloffer footholdandtobetter subsidiary EMPwillbedevoted inthisfi More attentionandresourcesof Soldier “ fi Meanwhile, EMPwillcontinuetobeactive onthedistributionfronttoreleaseanumberof thisfi of photography ontheseprojectswillcommenceinthesecondandthirdquarters Stalker by Jackie Chan;andDanteLam’s “ AndyLau,NicholasTse,which stars Fan Bingbing, Wu JingandYu Shaoqun,withaspecialappearance pre-productionincludeBennyChan’sproduction front,projectsinthefinal stages of epic“ 2009.Onthe Looking ahead,EMPanticipatesdemandforproductionstopickuptowards theendof PROSPECTS Company dated2ndOctober, 2009. the theSubscriptionweredisclosedincircularof issued toSurplusWay onthesamedate. Detailsof The Subscription was completedon21stOctober, 2009andtherelevant bondhadbeenduly convertible HK$100,000,000(the“Subscription”). to beissuedby the Companyinanaggregate principalamountof company, SurplusWay Profi On 11thSeptember, 2009,theCompanyenteredintoasubscriptionagreementwithitsimmediateholding POST BALANCE SHEETDATE EVENT The Treasure Hunter ”, in addition to more offering fromtheEMP/LarkFilmsalliance.”, inadditiontomoreoffering ”. Itwillre-uniteLamwithaward-winner NickCheung, NicholasTse andLiuKai-chi.Principal (Continued) ”, anadventure movie Jay starring ChouandJackie Chan’s actioncomedy“ ts Limited (“Surplus Way”), in relation to the subscription of convertible bond convertible ts Limited(“SurplusWay”), inrelationtothesubscriptionof The StoolPigeon lms inChina. ”, afollow-up tothecriticallyacclaimed“ nancial year toChinathroughitsdistribution nancial year. lms,including The Beast Shaolin Little Big ”, 03 Emperor Entertainment Group Limited First Quarterly Report 2009/2010 – (795) – – (44) (39) N/A N/A 334 (158) 2009 2008 2,532 1,614 (5,577) (5,688) (2,195) (2,777) (2,082) (4,336) (3,827) (13,561) (1,326) (67,149) (1,370) (67,188) (1,370) (67,188) (1,370) (67,188) 39,397 23,112 (15,185) (19,630) (14,723) (44,930) HK$’000 HK$’000 (0.53) cent (25.84) cents (Unaudited) (Unaudited) gures for the corresponding 2008 period in

3 2 4 lm and television programme – basic – diluted – Loss per share Loss for the period attributable to: Owners of the Company Loss for the period Cost of of provision production services event Cost of music production and distribution Cost of fi production and distribution Selling and distribution costs expenses Administrative Loss before taxation Taxation interests Non-controlling 30th September, 30th months ended Three Consolidated Income Statement Consolidated 2009 months ended 30th September, the three For as follows: Cost of event a self-organised Finance costs The board ofThe directors of results of announces the unaudited consolidated the Company (the “Board”) the unaudited fi with the comparative together Period Group for the RESULTS Notes Revenue Other income Share of results of a jointly controlled entity

Emperor Entertainment Group Limited

04 First Quarterly Report 2009/2010 Three monthsended foreignoperations of Exchange ontranslation differences Other comprehensive income Loss fortheperiod 30th For thethreemonthsended30thSeptember, 2009 Comprehensive Income Consolidated Statementof RESULTS September, Non-controlling theCompany of Owners interests Total comprehensive incomeattributableto: Total comprehensive incomefortheperiod (Continued) (Unaudited) HK$’000 (1,370) (67,188) (1,366) (67,208) (1,366) (67,208) (1,366) (67,208) 2009 2008 4 (20) – 05 Emperor Entertainment Group Limited First Quarterly Report 2009/2010 nancial ed Public ed cient cash resources to satisfy its cient cash resources to satisfy its nancial statements have been prepared nancial statements have nancial position of current the Group for the or ofnancial statements) and has resulted in a number nancial support to the Group by providing adequate nancial support providing by to the Group nancial support from Surplus Way, the immediate holding nancial support Surplus Way, from nancial statements, the directors ofnancial statements, given the Company have Policies cant Accounting nancial statements nancial nancial statements for the year ended 30th June, 2009. ended 30th June, nancial statements for the year nancial year beginning on 1st July, 2009. Except as described below, the the as described below, 2009. Except July, beginning on 1st nancial year nancial statements have been prepared under historical cost basis except for been prepared under historical cost basis except nancial statements have nancial statements for the year ended 30th June, 2009. ended 30th June, nancial statements for the year nancial instruments, which are measured at fair values on initial recognition, as described in the on initial recognition, as described which are measured at fair values nancial instruments, HKAS 1 (Revised) Presentation ofHKAS 1 (Revised) fi Consolidated and separate fi and HKAS 27 (Revised) Business combinations HKFRS 3 (Revised) Apart certain the adoption of from amendments or presentation changes, these new or revised standards, the fi interpretations has no material impact on the results or In addition, a number of new or revised standards, amendments or interpretations issued by the HKICPA In addition, a number of the HKICPA by amendments or interpretations issued new or revised standards, fi for the Group’s are effective audited of in the preparation followed accounting policies adopted are consistent with those the Group’s consolidated fi a number of which has introduced the Group has adopted HKAS 1 (Revised) In the Period, terminology consolidated fi (including revised titles for the changes in presentation and disclosures. changes statements been adopted in relation to business combinations have and HKAS 27 (Revised) HKFRS 3 (Revised) adoption of 2009. The these standards will affect the for which the acquisition date is on or after 1st July, ownership in a parent’s accounting treatment for the business combinations and the changes Group’s No business combinations took place during the Period. interest in a subsidiary. prior periods. certain fi audited consolidated fi Group’s The unaudited consolidated fi The future working capital. Accordingly, the unaudited consolidated fi the unaudited consolidated future working capital. Accordingly, on a going concern basis. 1. Basis of and Signifi Preparation liquidity ofconsideration to the future Group in light of the its net liabilities of HK$47,281,000 as at 30th Group has obtained the fi The 2009. September, NOTES consolidated fi In preparing the unaudited The unaudited consolidated results of unaudited consolidated The in accordance with the applicable been prepared the Group have ofdisclosure requirements in the unaudited amounts included 18 of Chapter The GEM Listing Rules. the Financial ReportingKong on all applicable Hong results are computed based consolidated Standards, of Institute the Hong Kong issued by Standards and Interpretations Accounting CertifiHong Kong Accountants (the “HKICPA”). continuous fi which committed to provide company, repayment offunds and agreed not to demand months the amount due to it for at least the next twelve is the latter. whichever or until the Group has the ability to repay the amount, from the balance sheet date suffi Group will have that the the directors believe Based on the above,

Emperor Entertainment Group Limited

06 First Quarterly Report 2009/2010 Artiste management feeincome Artiste theGroup’sAn analysisof revenue isasfollows: 2. Revenue NOTES event productionservices –incomefromprovision of netincomefromjointlyorganised events –shareof –grossrevenue fromaself-organised event Event production assessable profi operationsinoverseas hasbeen madeastheGrouphasno No provision forincometaxinrespectof profi The taxationcharges representHongKong Profi 3. Taxation fi –distributionof licensing fi –productionof of the corresponding rights and licensing Film andtelevisionprogrammeproduction,distribution –multimediaincome –licenceincome albums –salesof Music productionanddistribution ts forbothperiods. (Continued) ts intherespective jurisdictionsforbothperiods. lms andtelevisionprogrammes lms andtelevisionprogrammes ts Tax theestimatedassessable calculatedat16.5%of (Unaudited) HK$’000 39,397 23,112 19,735 2,276 19,512 1,776 Three monthsended 9,468 9,999 1,387 842 2,946 4,284 8,688 3,900 1,076 5,617 1,506 6,937 5,135 4,873 2009 2008 30th September, 223 500 430 30 – 1,290 07 Emperor Entertainment Group Limited First Quarterly Report 2009/2010 – – – – – (1,370) (1,370) – (1,370) – (1,370) (1,370) (1,366) – – – – – 4 – 4 – 4 – (1,366) – – – – (1,370) 4 – – – – – – – – (20) (67,188) (67,208) – (67,208) – (67,208) (67,188) (20) – – – – – – – – – (67,188) (67,188) – (67,188) – (67,188) (67,188) (20) – (20) – – – – – – (20) – – – – 2,600 105,614 83,783 75,000 (43,974) (313,942) 2,971 (45,915) (1,941) 2,600 105,614 83,783 75,000 (248,657) 19,729 1,389 (1,941) 17,788 2,600 105,614 83,783 75,000 (315,845) (47,479) 1,369 (49,420) (1,941) HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 2,600 105,614 83,783 75,000 2,975 (315,312) (45,340) (1,941) (47,281) (1,941) (45,340) (315,312) 2,975 75,000 83,783 105,614 2,600 (Continued) Exchange differences on Exchange translation of foreign operations 2009 At 30th September, Total comprehensive income comprehensive Total for the period Loss for the period At 1st July, 2009 At 1st July, Total comprehensive income comprehensive Total for the period 2008 At 30th September, Loss for the period Share Share Contributed Special Translation Accumulated controlling Total controlling Accumulated Translation Special Contributed Share Interests and Non-controlling 5. Capital, Reserves Share 2008 At 1st July, Non- differences on Exchange translation of foreign operations premium surplus reserve reserve losses capital (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) interests equity Total of to owners Attributable the Company Diluted loss per share has not been presented as the Company had no dilutive potential ordinarynot been presented as the Company had no dilutive Diluted loss per share has shares for both periods. 4. Loss per Share calculation of The loss for the Period on the unaudited consolidated loss per share is based basic owners ofattributable to Company of the and the (2008: HK$67,188,000) HK$1,370,000 approximately in issue during both periods. 260,000,000 shares NOTES NOTES

Emperor Entertainment Group Limited

08 First Quarterly Report 2009/2010 s u i a,Smn Fml 373112 133.59% holding 347,341,142 sharesheld Family interests of Note: (“Ms. SemonLuk”) Ms. LukSiuMan,Semon director Name of Nature theCompany (a) Longpositioninsharesof theGEMListingRules wereasfollows: toinRule 5.46of referred dealingsby as thedirectors the CompanyandStockExchange totherequiredstandardof pursuant theSFOorasotherwisenotifi in theregistermaintainedby toSection352of theCompanypursuant theSecuritiesandFuturesOrdinance(“SFO”))asrecorded XVof Part corporations (withinthemeaningof itsassociated theCompanyoranyof the Companyinshares, sharesanddebenturesof underlying executives of andchief theDirectors positionsof As at30thSeptember, 2009,theinterestsandshort POSITIONS INSECURITIES DIRECTORS’ AND CHIEFEXECUTIVES’ INTERESTS AND SHORT of aninterimdividendforthePeriodThe (2008:Nil). Boarddidnotrecommendthepaymentof Number DIVIDEND ordinary Approximate percentage Albert Yeung,Albert Ms. SemonLukwas alsodeemedtobeinterestedinsuchshares. Dr. to beinterestedinthe347,341,142sharesheldby beingthespouseof SurplusWay. of Byvirtue Trust”). Dr. Yeung (“Dr. Yeung”), theAY SauShing, Albert Albert asfounderof Trust, was deemed Yeung The Trust Albert Discretionary Limited (“STCbeingthetrusteeof (the “AY International”) Way. SurplusWay was indirectlyowned The by entireissuedsharecapitalof STC International theCompanyheldby Surplus bondof theconvertible conversion sharesassumingfullexercise of The 347,341,142 shares referto(a)204,484,000heldby SurplusWay and(b)142,857,142 (Note) ed to ed 09 Emperor Entertainment Group Limited First Quarterly Report 2009/2010 cial cial 5,000,000 5,000,000 0.39% 0.39% cial cial 15,000,000 15,000,000 0.76% 0.76% Family 1 100% 1 Family (Note (4)) Family 1 100% 1 Family

(Note (3))

(Note (1)) Benefi Benefi (Continued) Benefi Benefi (Note (1))

(Note (4)) (Note (2)) (Note (5)) (Note (3)) (Note (5)) (Note (6)) (Note (7)) (Note (6)) (Note (7)) (Note (2)) (Note Surplus Way was the substantial shareholder of the Company. The entire issued share capital entire issued share capital The substantial shareholder of the was Surplus Way the Company. International STC in turn by which was wholly-owned of Million Way held by was Surplus Way deemed to be was Trust, as founder of Albert the AY Yeung, Dr. Trust. being the trustee of the AY virtue By of share capital ofinterested in the respective and Million Way. Way Surplus the being interested in the share capital also deemed to be Semon Luk was Ms. spouse of Albert Yeung, Dr. of and Million Way. Surplus Way (“NMG”) Group”) Semon Luk Ms. Semon Luk Ms. New Media Group Holdings Limited Allmighty Group Limited (“Allmighty Family Family 450,000,000 100 75% 100% (“EWJ”) Semon Luk Ms. & Jewellery Emperor Watch Limited Family 3,370,480,000 74.9% Mr. Wong Chi Fai Chi Fai Wong Mr. EIHL Ms. Fan Man Seung, Man Seung, Fan Ms. EIHL Vanessa Chi Fai Wong Mr. EEH Ms. Fan Man Seung, Man Seung, Fan Ms. EEH Vanessa (1) Notes: Ms. Semon Luk Ms. Surplus Way Name of Nature underlying percentage of underlying in shares/underlying(b) Long positions shares of corporations associated ordinary Nature Name Name of director Approximate associated corporation of Number share(s)/ of interests shares held holding DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS AND SHORT AND SHORT INTERESTS EXECUTIVES’ AND CHIEF DIRECTORS’ IN SECURITIES POSITIONS (“Million Way”) Way”) (“Million Semon Luk Ms. Semon Luk Ms. Holdings Limited Million Way Charron Holdings Limited (“Charron”) Family Family 1 1 100% 100% (“EIHL”) (“EIHL”) Semon Luk Ms. Emperor International Holdings Limited Family 2,053,311,364 104.32% (“Worthly Strong”) (“Worthly (“EEH”) Semon Luk Ms. Semon Luk Ms. Limited Worthly Strong Investment Semon Luk Ms. Emperor Entertainment Hotel Limited Limited (“Velba”) Velba Family Family 720,461,428 100 55.74% 100%

Emperor Entertainment Group Limited

10 First Quarterly Report 2009/2010 GEM ListingRules. the toinRule dealingsby 5.46of asreferred thedirectors Exchange totherequired standardof pursuant theSFOorasotherwisenotifi required tobekeptunderSection352of theSFO) as recordedintheregister XVof Part itsassociatedcorporations (withinthemeaningof or anyof theCompany positionsinshares, sharesordebenturesof underlying Company hadanyinterestsorshort the executivesSave asdisclosedabove, of orchief theDirectors asat30thSeptember, 2009,noneof EEH. underthe shareoptionschemeof Shareoptionsgrantedtothedirectors (7) EIHL. underthe shareoptionschemeof Shareoptionsgrantedtothedirectors (6) EWJwereheldby EWJisacompanywithitsshareslistedinHong Kong; 3,370,480,000shares of (5) NMGwereheldby NMGisacompanywithitsshareslisted inHongKong; 450,000,000sharesof (4) EEHwereheldby EEHisacompany withitsshareslistedinHongKong; 720,461,428sharesof (3) EIHLreferto EIHLisacompanywithitsshareslistedinHongKong; the2,053,311,364sharesof (2) Notes: associatedcorporations sharesof (b) Longpositionsinshares/underlying POSITIONS INSECURITIES DIRECTORS’ AND CHIEFEXECUTIVES’ INTERESTS AND SHORT also deemedtobeinterestedinthesaidshares. Dr. Yeung, Albert beingthespouseof held by Ms. AllmightyGroup. of SemonLukwas Byvirtue AllmightyGroupandtheaforesaidsharesinEWJ deemed tobeinterestedinthesharecapitalof theAY beingthetrusteeof Trust.International Dr. Yeung, theAY Albert asthefounderof Trust, was Allmighty Groupwhichwaswholly-owned by inturn MillionWay. MillionWay was owned by STC to beinterestedinthesaidshares. Dr. Yeung, Albert beingthespouseof held by Ms. Velba. of SemonLukwas alsodeemed Byvirtue Trust, Velba was andtheaforesaidsharesinNMG deemedtobeinterestedinthesharecapitalof theAYowned by STC beingthetrusteeof Trust. International Dr. Yeung, theAY Albert asfounderof Velba. Velba The was entireissuedsharecapitalof heldby MillionWay whichwaswholly- inturn Ms. SemonLukwas alsodeemedtobeinterestedinthesaidshares. Dr. Yeung, Albert beingthespouseof of aforesaid sharesinEEHheldby Strong. Worthly Byvirtue theAY Strongandthe founder of Trust, Worthly was deemedtobeinterestedinthesharecapitalof theAY wholly-owned byin turn STCbeingthetrusteeof Trust. International Dr. Yeung, Albert as Strongwas heldby Worthly Strong. MillionWayWorthly which was The entiresharecapitalof Dr. Yeung, Albert of Ms. SemonLukwas alsodeemedtobeinterestedinthesaidshares. beingthespouse of andtheaforesaidsharesinEIHLheldby Byvirtue Charron Charron. capital of AY Trust. Dr. Yeung, theAY Albert asfounderof Trust, was deemedtobeinterestedintheshare held by the MillionWay whichwaswholly-owned by inturn STCbeingthetrusteeof International was Charron The Charron. entireissuedsharecapitalof of Limited isawholly-owned subsidiary Smart Limited,Eternity EIHLby Smart Eternally bondof theconvertible assuming fullexercise of EIHL EIHLheldby and(b)1,000,000,000conversion Charron sharesof (a) 1,053,311,364sharesof (Continued) (Continued) ed totheCompanyandStock (Continued) 11 Emperor Entertainment Group Limited First Quarterly Report 2009/2010 the Company were as follows: ed to cial owner owner cial 15,426,000 5.93% cial owner owner cial 347,341,142 133.59% Trustee Trustee 347,341,142 133.59% Trust of Founder AY the 347,341,142 133.59% Benefi Interest in a controlled 347,341,142 133.59% (Note) (Note) (Note) (Note) corporation Ng Hung Sang Mr. Interest in a controlled 15,426,000 5.93% South China Financial Limited Holdings Interest in a controlled corporation 15,426,000 5.93% South China Finance and Limited Management Benefi Dr. Albert Yeung Albert Yeung Dr. Million Way Million Way STC InternationalSTC So far as known to the directors of the Company, as at 30th September, 2009, the persons or corporations as at 30th September, to the directors ofSo far as known the Company, (other than the directors or chief of executives the Company) who had interests and short in the positions underlying shares and debentures ofshares, recorded in the register required to be kept the Company as under Section 336 of notifi the SFO or as otherwise corporation Surplus Way Capacity/ ordinary percentage percentage to subscribe for equity or debt 2009, the Company had not granted any right As at 30th September, securities of chief the Company to any director or of executive spouse or children the Company or their ofunder 18 years age. SHAREHOLDERS SHORT POSITIONS OF SUBSTANTIAL AND INTERESTS ordinary ofLong positions in shares the Company Capacity/ Name of Nature interests shares held holding Number of Approximate The Company had not granted any option under the Share Option Scheme since its adoption. the Share Option Scheme not granted any option under Company had The The Company’s existing share option scheme (the “Share Option Scheme”) was approved for adoption on for adoption approved “Share Option Scheme”) was share option scheme (the existing Company’s The for the next ten years. and valid 2004 on 11th November, became effective 2004 and 26th August, SHARE OPTION SCHEME AND DIRECTORS’ AND CHIEF EXECUTIVES’ EXECUTIVES’ CHIEF AND AND DIRECTORS’ SCHEME SHARE OPTION OR DEBENTURES SHARES ACQUIRE TO RIGHTS

Emperor Entertainment Group Limited

12 First Quarterly Report 2009/2010 Group or held any option in respect of suchcapital. Group orheldanyoptioninrespectof the anyothermemberof rightstovote inallcircumstancesatgeneral meetingsof sharecapitalcarrying of theSFO, orwhowas,of anyclass directlyorindirectly, thenominalvalue of interested in10%ormoreof XV Part disclosed totheCompanyandStockExchange, Divisions2and3of undertheprovisions of theCompanywhichwouldfalltobe sharesof positioninsharesorunderlying had anyinterestorshort theCompany) theCompany, executive of executives of (notbeingadirectororchief nootherperson Save asdisclosedabove, asat30thSeptember, 2009,sofarasisknownor chief tothedirectors Note: theCompany Long positionsinsharesof (Continued) INTERESTS AND SHORTPOSITIONSOFSUBSTANTIAL SHAREHOLDERS Wing (Chairman of theauditcommittee),Mr. Wong of Wing ChingYue (Chairman andMr. Wong Tak Ming, Gary. theCompany,committee comprisesthethreeIndependent Non-executive of Directors namely Mr. ChuKar accounting standardsandrequirements andthatadequatedisclosureshave beenmade. The audit suchresultshascompliedwiththeapplicable the Company, theopinionthatpreparationof who isof the Company’s auditor, DeloitteTouche Tohmatsu, buthave beenreviewedby theauditcommitteeof theGroupforPeriodThe have notbeenauditednorreviewedby unauditedconsolidatedresultsof REVIEW OFQUARTERLY RESULTS business whichcausesormaycausesignifi theCompany(asdefi management of shareholders or the thedirectors Save theCompanybelieve asdisclosedabove, thatnoneof of thedirectors theGroup’s JCEandPrimeTimewillnotmateriallyaffect interest inthebusinessesof business. management controlover theCompanyandwillnotexert theGroup,director of heraforesaiddeemed theCompanyconsiderthatsinceMs.in thebusinesses. SemonLukisaNon-executive The of directors the aforesaidbusinesses, Dr. Yeung, Ms. Albert SemonLuk,spouseof isalsodeemedtobeinterested theTrust’s theGroup. of Byvirtue Prime Timemayconstitutecompetitionwiththebusinessof interestin JCEand management. The businessesof televisionprogrammeproductionandartiste the businessof Limited(“PrimeTime”),acompanyengaged in Entertainment 100% interestinPrimeTime(International) movies.(“JCE”), acompanyengaged intheproductionanddistributionof The Trust alsoindirectlyheld (as defi The AY Trust, trustsetupby Dr. Yeung, adiscretionary Albert theCompany amanagement shareholderof COMPETING INTERESTS and Chief Executives’ Interests and Short Positions Executives’ inSecurities”above. InterestsandShort and Chief theparagraphheaded“Directors’ above shareswerethesameassetoutundersection(a)of theAYof Trust, was deemedtobeinterestedinthe347,341,142sharesheldby SurplusWay. The theAYwholly-owned by STCbeingthetrusteeof Trust. International Dr. Yeung, Albert asfounder Way. SurplusWay was heldby The MillionWay entireissuedsharecapitalof whichwas inturn theCompanyheldby Surplus bondof theconvertible conversion sharesassumingfullexercise of The 347,341,142 shares referto(a)204,484,000heldby SurplusWay and(b)142,857,142 ned in the GEM Listing Rules), indirectly held 50% of the shareholding of JCEMovies Limited theshareholdingof ned intheGEMListingRules), indirectlyheld50%of cant competition with the business of theGroup. cant competition withthebusinessof (Continued) ned intheGEMListingRules) hadanyinterestina 13 Emperor Entertainment Group Limited First Quarterly Report 2009/2010 Chairperson By Order of the Board Luk Siu Man, Semon Emperor EntertainmentEmperor Limited Group Chu Kar Wing (Chairperson) Gary Ming, Tak Wong Directors: Executive (alias Ng Yu) Ng Sui Wan Chi Fai Wong Vanessa Man Seung, Fan Ching Yue Wong Non-executive Director: Non-executive Luk Siu Man, Semon Directors: Independent Non-executive As at the date hereof, the Board comprises the following directors: the Board comprises the following As at the date hereof, Hong Kong, 11th November, 2009 11th November, Hong Kong, During the Period, neither the Company nor any of the Company nor any neither During the Period, sold or redeemed any of subsidiaries purchased, its the securities. listed Company’s PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED LISTED THE COMPANY’S OF OR REDEMPTION SALE PURCHASE, SECURITIES

Emperor Entertainment Group Limited

14 First Quarterly Report 2009/2010