11

2004.62004.6

1999.21999.21998.111998.11

2000.62000.6

2003.82003.8

2005.62005.6

2007.52007.5

2008.62008.6

2010.32010.3

2010.112010.11

2003.122003.12

2Source: company data

Key Company Milestones

Founded in Shenzhen

Launched QQ IM

Developed first MVAS in China – Mobile QQ

Launched casual game platform “QQ game”

Launched online portal “qq.com”

Listed on HK Stock Exchange

Launched SNS Platform“Q-zone”

Initiated Tencent Charity Foundation

Became Hang Seng Index Constituent Stock

Launched first investment grade bond by non-US internet company

QQ Peak Concurrent Users Exceeded 100 mn

QQ Peak Concurrent Users Exceeded 100 mn

Launched Open Platform Launched Open Platform

2011.62011.6

One-Stop Online Lifestyle Experience

Single AccountIntegrated Social

GraphUnified Billing

SolutionDesktop and

Mobile3

E-Payment (Tenpay)

eCommerce (Paipai)

Search (Soso)

SNS (Pengyou, QZone)

Desktop/ OS(Q+)

Micro-blogging(QQ Weibo)

Open Platform Benefits Partners & Users

More than 200,000 third-party apps registered

4Note: Includes third party apps on QQ Game Platform

39% 34% 41% 39%38% 42% 41%

5

Rapid Revenue Growth & Healthy MarginsRevenue (in bn USD)

Net IncomeMargin

Source: Tencent annual reports

3.0

1.8

1.1

0.60.4

0.20.2

4.5

20112010200920082007200620052004

CAGR56%

36%

6

Largest Internet Company in China by Revenue

FY2011(bn USD)

Annual Revenue(bn USD)

Market Cap.

Note: * Shanda market Cap. only includes Shanda Game. Source: Company annual reports; Google Finance Aug.17 2012

2.1

3.7

2.2

1.6

8.7

6.5

46.7

59.6

Youku

Sina

Shanda

Sohu

Alibaba

Netease

Baidu

Tencent

*

0.1

0.5

0.8

0.9

1.0

1.2

2.3

4.5

7

Among Largest Internet Companies Globally

Market Capitalizations of Largest Internet Companies

(bn USD)

Source: Google Finance Aug.17 2012

43475960

109

220

AmazonGoogle eBayTencent FacebookBaidu

Outstanding Returns to Our Shareholders

5-Year Performance Comparison(Tencent vs. Hang Seng & NASDAQ Index)

NASDAQ HANG SENG INDEXTENCENT

Source: Google Finance data from Jan. 2007 to Aug.17 2012Note: The chart is plotted on an arithmetic scale 8

To be the most respected internet company

愿景 : 最受尊敬的互联网企业

Enhance people’s quality of life through Internet services

使命 : 通过互联网服务提升人类生活品质

Integrity, Proactive, Collaboration & Innovation

价值观 : 正直，进取，合作，创新

Consumer value as first priority

一切以用户价值为依归

Care for the development of employees

关心员工成长

Vision

Mission

Value

Mgmt. Philosophy

Our Culture & Values

Business Philosophy

9

We are Building our Global Presence

Seoul Silicon Valley

Major Branches

Shanghai

Beijing

Chengdu

ShenzhenHo Chi Minh City Gurgaon

10