SCHEDULE I

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

SCHEDULE 1

SCHEDULE 1

BALANCE SHEETS

(In thousands of U.S. dollars, except share and per share data)

		At December 31,
		2014				2015
ASSETS
Current assets:
Cash and cash equivalents		$	14,369			$	572
Amounts due from subsidiaries			7,768				8,024
Prepaid expenses and other current assets			137				19
Total current assets			22,274				8,615

Investments in subsidiaries			334,201				305,376
Investments in an equity method investee			24,020				23,626
Acquired intangible assets, net			4,661				3,396
TOTAL ASSETS			385,156				341,013

LIABILITIES AND EQUITY
Current liabilities:
Short-term bank borrowing		$	10,000			$	38,000
Accrued expenses and other current liabilities			903				401
Amounts due to subsidiaries			152,150				146,895
Total liabilities			163,053				185,296
Equity:
Ordinary shares of par value $0.000001: 2,000,000,000 shares authorized 265,824,928 (2014: 353,016,455) shares issued and outstanding		$	1			$	1
Additional paid-in capital			63,046				63,426
Treasury Stock			(70,479	)			(103,736	)
Accumulated other comprehensive income			36,937				31,863
Retained earnings			192,598				164,163
Total equity			222,103				155,717
TOTAL LIABILITIES AND EQUITY		$	385,156			$	341,013

STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except share and per share data)

		Year ended December 31,
		2013				2014				2015
Operating expenses:
Research and development		$	1,017			$	605			$	(796	)
General and administrative			(1,626	)			(2,515	)			(3,063	)
Selling and marketing			86				43				9
Total operating expenses			(523	)			(1,867	)			(3,850	)
Loss from operations			(523	)			(1,867	)			(3,850	)
Gain (loss) on disposal/dissolution of subsidiaries			-				9,755				(455	)
Interest income			1				1				-
(Loss) income before income taxes			(522	)			7,889				(4,305	)
Income tax expenses			-				-				-
Share of net income (loss) of subsidiaries, net of taxes			848				(38,266	)			(23,735	)
Share of net (loss) income of an equity method investee			(202	)			16				(395	)
Net income (loss)		$	124			$	(30,361	)		$	(28,435	)

STATEMENTS OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars, except share and per share data)

		Year ended December 31,
		2013				2014				2015
Net income (loss)			124				(30,361	)			(28,435	)
Other comprehensive income (loss), net of tax:
Change in cumulative foreign currency translation adjustments			4,983				(3,797	)			(5,074	)
Total comprehensive income (loss)		$	5,107			$	(34,158	)		$	(33,509	)

STATEMENTS OF CHANGES IN EQUITY

(In thousands of U.S. dollars, except share and per share data)

																		Accumulated
		Ordinary shares								Additional								other				Accumulated
										paid-in				Treasury				comprehensive				retained
		Number				Amount				Capital				Stock				income				earnings				Total
Balance at January 1, 2013			408,985,092			$	1			$	62,509			$	(42,307	)		$	35,751			$	222,835			$	278,789
Repurchase of ordinary shares			(11,772,294	)			-				-				(4,853	)			-				-				(4,853	)
Share-based compensation			-				-				492				-				-				-				492
Exercise of share-based awards			14,261,718				-				-				3,041				-				-				3,041
Foreign currency translation adjustments			-				-				-				-				4,983				-				4,983
Net income			-				-				-				-				-				124				124
Balance at December 31, 2013			411,474,516			$	1			$	63,001			$	(44,119	)		$	40,734			$	222,959			$	282,576
Repurchase of ordinary shares			(70,774,015	)			-				-				(28,902	)			-				-				(28,902	)
Share-based compensation			-				-				45				-				-				-				45
Exercise of share-based awards			12,315,954				-				-				2,542				-				-				2,542
Foreign currency translation adjustments			-				-				-				-				(3,797	)			-				(3,797	)
Net loss			-				-				-				-				-				(30,361	)			(30,361	)
Balance at December 31, 2014			353,016,455			$	1			$	63,046			$	(70,479	)		$	36,937			$	192,598			$	222,103
Repurchase of ordinary shares			(90,772,831	)			-				-				(34,020	)			-				-				(34,020	)
Share-based compensation			-				-				380				-				-				-				380
Exercise of share-based awards			3,581,304				-				-				763				-				-				763
Foreign currency translation adjustments			-				-				-				-				(5,074	)			-				(5,074	)
Net loss			-				-				-				-				-				(28,435	)			(28,435	)
Balance at December 31, 2015			265,824,928			$	1			$	63,426			$	(103,736	)		$	31,863			$	164,163			$	155,717

STATEMENTS OF CASH FLOWS

(In thousands of U.S. dollars)

		Year ended December 31,
		2013				2014				2015
Operating activities:
Net income (loss)		$	124			$	(30,361	)		$	(28,435	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of acquired intangible assets			33				1,021				1,265
Share-based compensation			492				45				16
Share of net (income) loss of subsidiaries			(848	)			38,266				23,735
Share of net loss (income) of an equity method investee			202				(16	)			395
Changes in operating assets and liabilities:
Prepaid expenses and other current assets			137				(84	)			117
Accrued expenses and other current liabilities			(1,148	)			(325	)			(123	)
Amounts due to subsidiaries			7,418				5,937				(5,254	)
Net cash provided by (used in) operating activities			6,410				14,483				(8,284	)
Investing activities:
Dividend received from a subsidiary			-				22,060				-
Investment in an equity method investee			(3,712	)			(9,016	)			-
(Increase) decrease in amounts due from subsidiaries			(799	)			7,575				(256	)
Purchase of intangible assets			(654	)			(5,061	)			-
Net cash (used in) provided by investing activities			(5,165	)			15,558				(256	)
Financing activities:
Repurchase of ordinary shares			(4,853	)			(28,902	)			(34,020	)
Proceeds from exercise of stock options			3,041				2,542				763
Raise of short-term bank loans			-				10,000				28,000
Net cash used in financing activities			(1,812	)			(16,360	)			(5,257	)
(Decrease) increase in cash and cash equivalents			(567	)			13,681				(13,797	)

Cash and cash equivalents at the beginning of the year			1,255				688				14,369
Cash and cash equivalents at the end of the year		$	688			$	14,369			$	572

NOTES TO SCHEDULE 1

1	Schedule 1

Schedule 1 has been provided pursuant to the requirements of Rule 12-04(a) and 4-08(e)(3) of Regulation S-X, which requires condensed financial information as to financial position, changes in financial position and results and operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of the consolidated and unconsolidated subsidiaries together exceed 25 percent of consolidated net assets as of end of the most recently completed fiscal year.

As of December 31, 2014 and 2015, $113,505 and $113,970 of the restricted capital and reserves are not available for distribution, and as such, the condensed financial information of the Company has been presented for the years ended December 31, 2013, 2014 and 2015.

2	Basis of preparation

The condensed financial information has been prepared using the same accounting policies as set out in the Group's consolidated financial statements except that the parent company has used equity method to account for its subsidiaries.