TNAG-1989-FCO40-2822-Hong-Kong-Telecommunications-(Amendment)-Ordinance-1989-(No.-1989 — Page 266

COMMERCIAL RADIO GROUP OF COMPANIES (position w.e.f. 1.4.89)

ORGANIZATION CHART

HONG KONG COMMERCIAL

BROADCASTING CO., LID.

C.R. REALTY

LTD.

H.C.R.C. REALIY

LID.

*Property

Investment)

(Property

Investment)

H.C.B.C.

ENTERPRISES LIÐ.

(Share lovestment A food Producl)

COMMERCIAL RADIO'

PRODUCTIONS LTD.

(Fronation of

shows and Lours)

C.A. PUBLICATIONS

LID.

COMMERCIAL RADIO

TRAVEL SERVICES

LID.

ABC COMMUNICATIONS

LID.

(Publications)

(Travel Services)

(Paging Services)

Source: CRIK

Annex I

Effective Control:

1. H.C.B.C. Enterprises Ltd.

(180)

2. H.C.B.C. Realty Ltd.

(100%)

3. C.R. Really Ltd.

(100%)

4. Commercial Hadio Productions Ltd.

(108%)

5. C.R. Publications Ltd.

(188%)

6. Commercial Radio Travel Services Ltd. (100%)

7. ABC Communications Ltd.

(83.9%)

8. Abcom Realty Ltd.

(03.9%)

9. C.C. Communications Ltd.

(100%)

18. Axpectus Ltd.

(91.2%)

11. Payview Ltd.

(63.84%)

ASPECTUS

LIO. (Consultation in Engineering works communication fields and share investments)

C.C. COMMUNICATIONS

LTD.

(Paging Services)

ABCOMM REALIY LTD.

(Property

Investment)

PAWIEW

LID.

(Consultation ip engineering works 8 communication fields)