CORPORATE STRUCTURE OF-TVP
HK-TVB Ltd. (Holding Company)
100%
TVE International Ltd. (Intermediate Holding Co.)
100% ++
TVE Subsidiaires (details attached)
+
5213
Excluding deferred shares
95%
TVB Ltd.
(Television Broadcasting)
"THE LICENSEE"
++
Except for Capital Artists Ltd. and Star Attractions Ltd. which are 83.3% owned
Annex