UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 1)* SHANDA INTERACTIVE ENTERTAINMENT LIMITED -------------------------------------------------------------------------------- (Name of Issuer) ORDINARY SHARES, $0.01 PAR VALUE PER SHARE -------------------------------------------------------------------------------- (Title of Class of Securities) 81941Q 20 3(1) -------------------------------------------------------------------------------- (CUSIP Number) DECEMBER 31, 2005 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes). -------- (1) This CUSIP number applies to the Issuer's American Depositary Shares, each representing two Ordinary Shares. ---------------------- ----------------- CUSIP NO. 81941Q 20 3 SCHEDULE 13G PAGE 2 OF 8 PAGES ---------------------- ----------------- -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Skyline Media Limited -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 81,070,090 Ordinary Shares SHARES ----------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH ----------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 81,070,090 Ordinary Shares ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 81,070,090 Ordinary Shares -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 57.1%(2) -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- -------- (2) Based on 141,982,766 Ordinary Shares outstanding as of December 31, 2005. ---------------------- ----------------- CUSIP NO. 81941Q 20 3 SCHEDULE 13G PAGE 3 OF 8 PAGES ---------------------- ----------------- -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Skyline Capital International Limited -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 81,070,090 Ordinary Shares(3) SHARES ----------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH ----------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 81,070,090 Ordinary Shares(3) ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 81,070,090 Ordinary Shares(3) -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 57.1%(4) -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- -------- (3) Solely as the sole shareholder of Skyline Media Limited. (4) Based on 141,982,766 Ordinary Shares outstanding as of December 31, 2005. ---------------------- ----------------- CUSIP NO. 81941Q 20 3 SCHEDULE 13G PAGE 4 OF 8 PAGES ---------------------- ----------------- ITEM 1(a) Name of Issuer: Shanda Interactive Entertainment Limited ITEM 1(b) Address of Issuer's Principal Executive Offices: No. 1 Office Building, No. 690 Bibo Road, Pudong New Area, Shanghai 201203 China. ITEM 2(a) Name of Person Filing: (i) Skyline Media Limited ("SML"); (ii) Skyline Capital International Limited ("SCIL"); (SML and SCLL, are referred to herein as the "Reporting Persons", each, a "Reporting Person"). The Reporting Persons are making this single, joint filing pursuant to Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended (the "Act") because each of them is reporting as to the beneficial ownership of the same securities and because they may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Act, although neither the fact of this filing or anything contained herein shall be deemed to be an admission by the Reporting Persons that a group exists. ITEM 2(b),(c) Address of Principal Business Office or, If None, Residence; Citizenship The principal business address of the Reporting Persons is at Palm Grove House, P.O. Box 438, Road Town, Tortola, British Virgin Islands. Both are British Virgin Islands limited corporations. ITEM 2(d) Title of Class of Securities: Ordinary Shares, $0.01 par value per share ITEM 2(e) CUSIP Number: 81941Q 20 3(1) ITEM 3. Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c): Not applicable. ITEM 4. Ownership (a) Amount Beneficially Owned: SML..............................81,070,090 Ordinary Shares SCIL.............................81,070,090 Ordinary Shares -------- (1) This CUSIP number applies to the Issuer's American Depositary Shares, each representing two Ordinary Shares. ---------------------- ----------------- CUSIP NO. 81941Q 20 3 SCHEDULE 13G PAGE 5 OF 8 PAGES ---------------------- ----------------- (b) Percent of Class: SML...................................................57.1% SCIL..................................................57.1% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: SML........................81,070,090 Ordinary Shares SCIL.......................81,070,090 Ordinary Shares (ii) shared power to vote or direct the vote: SML.................................................0 SCIL................................................0 (iii) sole power to dispose or to direct the disposition of: SML........................81,070,090 Ordinary Shares SCIL.......................81,070,090 Ordinary Shares (iv) shared power to dispose or to direct the disposition of: SML.................................................0 SCIL................................................0 ITEM 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner or more than five percent of the class of securities, check the following box: [ ] ITEM 6. Ownership of More Than Five Percent on Behalf of Another Person Not applicable. ITEM 7. Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person The direct holder of the securities to which this Schedule 13G applies is included as a Reporting Person in this jointly filed Schedule 13G. ITEM 8. Identification and Classification of Members of the Group Not applicable. ---------------------- ----------------- CUSIP NO. 81941Q 20 3 SCHEDULE 13G PAGE 6 OF 8 PAGES ---------------------- ----------------- ITEM 9. Notice of Dissolution of Group Not applicable. ITEM 10. Certifications Not applicable ---------------------- ----------------- CUSIP NO. 81941Q 20 3 SCHEDULE 13G PAGE 7 OF 8 PAGES ---------------------- ----------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. In addition, by signing below, the undersigned agrees that this Schedule 13G may be filed jointly on behalf of each of the Reporting Persons. Dated: February 7, 2006 SKYLINE MEDIA LIMITED By: /s/ Tianqiao Chen ------------------------------- Name: Tianqiao Chen Title: Attorney-in-Fact SKYLINE CAPITAL INTERNATIONAL LIMITED By: /s/ Tianqiao Chen ------------------------------- Name: Tianqiao Chen Title: Attorney-in-Fact EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Ordinary Shares, par value $0.01, of Shanda Interactive Entertainment Limited and that this Agreement be included as an exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which, taken together, shall constitute one and the same instrument. SKYLINE MEDIA LIMITED By: /s/ Tianqiao Chen -------------------------------- Name: Tianqiao Chen Title: Attorney-in-Fact SKYLINE CAPITAL INTERNATIONAL LIMITED By: /s/ Tianqiao Chen -------------------------------- Name: Tianqiao Chen Title: Attorney-in-Fact