Incorporated in Hong Kong with limited liability 於香港註冊成立之有限公司 Stock Code 股份代號 : 218 www.swhyhk.com ANNUAL REPORT 2017 年報 Level 19, 28 Hennessy Road, Hong Kong 香港軒尼詩道28號19樓

1 2 3 6 11 22 48 60 68 69 70 72 73 75

2 28 19 183 22 http://www.swhyhk.com

3 1.160.91 28%1.040.8227% 31%5.46 4.16 10.33 27%13.08 6 4 1.25%-1.5%

4 29,919.1535.99% 11,709.30 24.64% 3,3993.6% 6.3% 50

5 H

6 5.46 4.16 31% 1.160.9128% 0.8227% 1.04 2.172.4814% 2 IPOIn Technical Productions Holdings Limited (8446) (8480) 0.470.99111% 2918 324953194% 1.491.7417% 19.78 669883 QDII QDII 4 1.241.6836% 57%68%43% 32%

7 RQFII 31% 19.78 1.491.74 17% 29189 (581)(196) (1011) (2198) iclick Interactive Asia Group Limited (ICLK) 2

8 7,000 A 55 92 RQFII 41.16 43.64 324 953194% RQFII20RQFII 796,138,689 796,138,68921.6 20.9

9 4.07 3.88 1.49 1.10 30 41 23.22 27.71 8.45 2.79 138% 138% 39% 13% 0.54 0.3322.91 17.92 27% 27%

10 267 275 1.91 1.39

11 15.3 1 669.9 1 2.7 LED 10 1

12 98FSC

13 1 2 2017 2016 3 1 2 647 668 1 2 0.159 0.165 1 2 2.42 3.13 1 2 3 685.22 704.48 1 2 3 0.169 0.174 1 2 3 2.57 3.31 1 15.3 14.7 2 632 653 4 3 37.92 35.04 14.17 4.17 1. 2. 3. 4.

14 1 2 2017 2016 3 972.30 1000.30 0.24 0.247 3.64 4.7 69.7 67.1 902.6 933.2 2017 2016 4 7.97 7.3 7.06 6.42 0.91 0.88 FSC(%) 98 78 1. 2. 3. 4.

15 (a) (b) (c) 14 (d)

16 (a) (b)

17 (c) 5

18 A1 (a) (b) 11-12 A1.1 11, 13 A1.2 11, 13 A1.3 A1.4 12-14 A1.5 11 A1.6 12, 16

19 A2 11, 12, 16 A2.1 11, 14 A2.2 A2.3 11, 14 A2.4 A2.5

20 A3 11, 12, 16 A3.1 11, 12, 16 B1 (a) (b) 15 B2 (a) (b) 15

21 B3 15 B4 (a) (b) 15 B5 16 B6 (a) (b) 16 B7 (a) (b) 17 B8 17

22 A.6.7 14 A.6.7 A.1

23 5/5 1/1 4/5 1/1 5/5 1/1 2/2 1/1 3/3 3/5 1/1 5/5 1/1 3/5 0/1 5/5 1/1 14 D.2

24 A.2

25 A.3

26 A.4 A.5 3.083.09 3.13 9 A.5 A.3 A.4

27 2/2 2/2 1/2 2/2

28 A.6 A.6.2(a) (d) 10 A.6.5 A, E A, B, C, E A, E A, E A A A, C A, C

29 A B C D E (i) (ii) A.7 D.1 B.1 B.1.2(a) (h)

30 2/2 2/2 2/2 3,000,000 1 3,000,0015,000,000 2 5,000,0017,000,000 2 16

31 C.1 3.0813

32 C.2 (a) (b)

33

34 (c) C.3

35 (d) (e) (1) (2)

36 (f) (g) (h) (1)

37 (2)

38 (3) (4) (5)

39 (6) (i) (j)

40 C.3 2/2 2/2 2/2 (1) (2) (3) (4)

41 (5) (6) (7) 1,700 170 48

42 D.1 (1) (2) (3) (4) (5) (6)

43 D.2 C.3 B.1 A.5 C.2 D.3 D.3.1(a) (e)

44 E.1 20 10 (a)(b)(c) (d)

45 (a) 67 622 5% (i) (ii) (iii) 28 19 co.sec@swhyhk.com 3

46 (b) 28 19 co.sec@swhyhk.com (c) (i) (ii) 2.5% 50 (i) (ii) (iii) 28 19co.sec@swhyhk.com (d) 108

47 E.2 (http://www.hkexnews.hk) (http://www.swhyhk.com) F. 3.29 15 54

48 1 6 35 61011212247

49 545,964 416,455 696,649 473,291 354,045 10,779 1,267 988 (246) 3,288 (2,623) (113,904) (68,790) (156,237) (103,838) (70,397) (191,297) (139,382) (193,907) (150,214) (114,263) (7,655) (5,040) (5,248) (5,884) (9,066) (11,771) (5,883) (17,396) (14,273) (10,531) (115,899) (107,721) (122,164) (97,342) (98,025) 116,217 90,906 202,685 101,494 52,428 (12,146) (8,632) (18,372) (7,567) (5,185) 104,071 82,274 184,313 93,927 47,243 104,097 82,275 184,314 93,934 47,239 (26) (1) (1) (7) 4 104,071 82,274 184,313 93,927 47,243 7,686,304 7,450,971 7,425,262 6,089,134 5,065,225 (5,522,781) (5,359,214) (5,344,090) (4,772,638) (3,819,112) (2,629) (3,114) (2,630) (2,631) (2,638) 2,160,894 2,088,643 2,078,542 1,313,865 1,243,475

50 622291 297 299 81,268,00047,768,000 30% 5%

51 95104(A) 14A.4.3 www.swhyhk.com

52 52 29 48 20 53 30

53 44 10 49 65 62

54 66 40 43 10 53 7

55 39 Shenwan Hongyuan Singapore Private Limited 15 44 20 5629

56 XV 352 10

57 336 Shenwan Hongyuen Holdings (B.V.I.) LimitedSWHYHBVI Venture-Some Investments LimitedVSI 402,502,312 (1) 50.56 402,502,312 (1) 50.56 402,502,312 (1) 50.56 3,306,257 (2) 0.42 405,808,569 (1) (2) 50.98 405,808,569 (1) (2) 50.98 : (1) SWHYHBVI VSI 60.82%VSI VSI SWHYHBVI402,502,312 (2) 3,306,257 3,306,257 336

58 14A 28(a)(i-vi) 28(a)(i-vi) (i) (ii)(iii) 3000 740 14A.56 25%

59

60 68136

61 595 45%

62 595 18%

63

64 1890 91 30%

65

66 405

67 8

68 5 545,964 416,455 5 10,779 1,267 (113,904) (68,790) 6 (191,297) (139,382) 12 (7,655) (5,040) 6 (11,771) (5,883) (115,899) (107,721) 6 116,217 90,906 9 (12,146) (8,632) 104,071 82,274 104,097 82,275 (26) (1) 104,071 82,274 11 13.08 10.33 75 136

69 104,071 82,274 522 (522) 522 (522) 104,593 81,752 104,619 81,753 (26) (1) 104,593 81,752 75 136 10

70 12 17,136 9,531 13 4,212 4,212 14 31,226 32,430 15 4,641 6,479 57,215 52,652 16 148,778 110,326 17 679,284 488,560 18 2,290,889 1,792,161 19 25,753 26,504 12,041 16,162 20 4,064,887 4,576,893 21 407,457 387,713 7,629,089 7,398,319 22 4,588,066 5,031,376 23 86,087 48,509 24 845,000 278,590 2,467 542 5,521,620 5,359,017 2,107,469 2,039,302 2,164,684 2,091,954 15 1,161 197 2,163,523 2,091,757

71 25 1,200,457 1,200,457 26 960,437 888,186 2,160,894 2,088,643 2,629 3,114 2,163,523 2,091,757 75 136

72 25 1,200,457 15* 138* * 877,932* 2,078,542 2,630 2,081,172 82,275 82,275 (1) 82,274 (522) (522) (522) (522) 82,275 81,753 (1) 81,752 (71,652) (71,652) (71,652) 485 485 1,200,457 15* 138 * (522)* 888,555 * 2,088,643 3,114 2,091,757 104,097 104,097 (26) 104,071 522 522 522 522 104,097 104,619 (26) 104,593 10 (31,846) (31,846) (31,846) 292 292 (522) (522) (751) (1,273) 1,200,457 15 * 138* * 960,284 * 2,160,894 2,629 2,163,523 * 960,437,000 888,186,000 75 136

73 116,217 90,906 12 7,655 5,040 5 (44,268) (31,226) (536) (378) 6 11,771 5,883 1,958 5 (15) 92,797 70,210 1,204 (3,954) (38,333) (67,839) (192,682) 391,377 (498,728) 261,657 2,935 (1,756) 512,006 (714,808) (443,310) 582,720 37,808 (85,002) (526,303) 432,605 (3,403) (40,076) 105 (137) (529,601) 392,392 12 (15,260) (2,350) 15 41,995 27,731 536 378 (1,011) 26,260 25,774

74 21(b) 566,417 (465,207) 21(b) (11,778) (5,883) (31,846) (71,652) 292 485 523,085 (542,257) 19,744 (124,091) 387,713 511,804 21(a) 407,457 387,713 75 136

75 1 28 19 Shenwan Hongyuan Holdings (B.V.I.) Limited 000166 130,000,000 100 100 30,000,000 100 100 20,000,000 100 100 10,000,000 100 100

76 1 300,000 100 100 10,000 100 100 25,000,000 100 100 15,000,000 100 100 2 100 100 375,000 100 100 2 100 100 2 100 100 2 100 100 First Million Holdings Ltd* 1 100 100 Crux Assets Limited* 1 100 100 1,000 100 100

77 1 10,000,000 60 60 Shenwan Hongyuan Singapore Private 2,500,000 100 100 Limited # * # 1.3% 4.8% 2.1 2.5 2.3 2.2

78 2.2 2.5(h) 3 2.3 7 12 7 21(b)

79 2.4 9 15 40 22 16 23 915 9 939 9 9 39

80 2.4 9 9 (a) 9 (1)(2) (FVTPL) (3) (FVTOCI) FVTOCI FVTPL FVTOCI FVTOCI 9 939 9FVTPL FVTPL 9

81 2.4 15 1515 18 11 15 2.5 (a)

82 2.5 (a) 2.5(h) 2.5(c) (b)

83 2.5 (b) (c)

84 2.5 (d) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (a) (a)(i) (viii)

85 2.5 (e) 4% 15% 33 1 /3% 25%

86 2.5 (f) (g)

87 2.5 (h) (i) (ii) 39 39

88 2.5 (h) (ii) (a) (b)

89 2.5 (h) (ii) (iii) (a) (b)

90 2.5 (h) (iv)

91 2.5 (h) (iv)

92 2.5 (i) (i) (ii) (iii)

93 2.5 (j) (k) (l) (m) (n)

94 2.5 (n)

95 2.5 (n) (o) (a) (b) (c) (d) (e) (f)

96 2.5 (p) (q)

97 2.5 (q) (r) 3

98 3 (a) (b) 4 (a) (b) (c) (d) (e) (f)

99 4 248,080 98,694 9,531 174,036 15,623 10,779 556,743 18,910 13,327 (5,245) 65,937 12,509 10,779 116,217 11,771 11,771 2,082 326 216 5,031 7,655 8,292 15 2,338 4,615 15,260 217,429 46,834 3,238 148,975 (21) 1,267 417,722 23,148 5,752 (9,463) 73,985 (3,783) 1,267 90,906 5,883 5,883 1,732 330 89 2,889 5,040 1,829 444 77 2,350 10%

100 5 167,924 123,535 27,442 25,412 19,439 30,770 13,288 21,389 19,987 16,323 248,080 217,429 75,427 20,068 23,267 26,766 98,694 46,834 9,531 3,238

101 5 123,748 117,563 6,020 186 44,268 31,226 174,036 148,975 845 (4,113) 9,453 (384) 536 306 4,789 4,170 15,623 (21) 545,964 416,455 10,779 1,252 15 10,779 1,267

102 6 7 183,788 131,270 9,122 9,009 (1,613) (897) * 7,509 8,112 191,297 139,382 11,771 5,883 28,663 28,309 2,016 2,087 * 82,000 262,000

103 7 383(1)(a) (b) (c) (f) 2 540 540 9,197 6,383 100 200 9,297 6,583 9,837 7,123 (a) 180 180 180 180 180 180 540 540

104 7 (b) 5,165 5,165 1,350 100 1,450 2,682 2,682 9,197 100 9,297 9,197 100 9,297

105 7 (b) 4,083 4,083 2,300 200 2,500 6,383 200 6,583 6,383 200 6,583

106 8 7 9,516 8,102 6,970 3,785 607 681 17,093 12,568 2,500,0013,000,000 1 3,000,0013,500,000 2 3,500,0014,000,000 4,000,0014,500,000 4,500,0015,000,000 1 5,000,0015,500,000 2 1 4 3

107 9 (a) 8,905 9,728 (212) (1,915) 8,693 7,813 651 63 15 2,802 756 12,146 8,632 16.5% 16.5% (b) 116,217 90,906 16.5% 16.5% 19,176 14,999 (212) (1,915) (14,297) (14,643) 6,008 7,186 (40) 25 (343) (403) 1,854 3,383 10.5% 9.5% 12,146 8,632

108 10 6 4 47,768 31,846 11 796,138,689 796,138,689 104,097 82,275 796,139 796,139 13.08 10.33

109 12 4,095 24,203 47,193 2,463 77,954 (2,805) (20,105) (43,064) (2,449) (68,423) 1,290 4,098 4,129 14 9,531 1,290 4,098 4,129 14 9,531 2,338 12,922 15,260 (123) (2,619) (4,899) (14) (7,655) (1,805) (1,805) 1,805 1,805 1,167 3,817 12,152 17,136 4,095 26,541 58,310 2,463 91,409 (2,928) (22,724) (46,158) (2,463) (74,273) 1,167 3,817 12,152 17,136

110 12 4,095 24,123 45,439 2,463 76,120 (2,682) (18,543) (40,384) (2,290) (63,899) 1,413 5,580 5,055 173 12,221 1,413 5,580 5,055 173 12,221 80 2,270 2,350 (123) (1,562) (3,196) (159) (5,040) (516) (516) 516 516 1,290 4,098 4,129 14 9,531 4,095 24,203 47,193 2,463 77,954 (2,805) (20,105) (43,064) (2,449) (68,423) 1,290 4,098 4,129 14 9,531 1,167,000 1,290,000

111 13 4,212 4,212 14 21,607 23,273 2,470 2,470 7,149 6,687 31,226 32,430 15 7,160 144 7,304 9 (778) (47) (825) 6,382 97 6,479 9 (1,793) (45) (1,838) 4,589 52 4,641

112 15 266 9 (69) 197 9 964 1,161 185,523,000 173,320,000 16 39,691 14,761 10,694 25,669 4,315 83,418 80,556 148,778 110,326 148,778,000 110,326,000

113 17 216,836 199,658 107,018 110,321 338,763 166,204 662,617 476,183 16,667 12,377 16,667 12,377 679,284 488,560 192,507 178,457 10,758 4,975 5,334 3,547 8,237 12,679 216,836 199,658 (1) (2) (3)

114 17 1,000,000 800,000 14,867,000 9,377,000 3,000,000 54,171,000 32,615,000 162,665 167,043 29,842 12,408 16,092 7,774 8,237 12,433 216,836 199,658

115 18 2,290,889 1,792,161 2,290,889 1,792,161 9,461,306,000 9,233,062,0002,372,482,000 1,235,013,000 24 2,290,889,000 1,792,161,000

116 19 6,603 8,292 19,150 18,212 25,753 26,504 20 21 (a) 407,457 387,713 50,243,000 8,139,000

117 21 (b) 24 278,590 566,417 (11,778) 554,639 6 11,771 22 845,000 4,577,992 4,816,857 5,728 31,461 4,346 183,058 4,588,066 5,031,376 23 10,662 6,592 75,425 41,917 86,087 48,509

118 24 +1.25% 1.5% 500,000 +1.5% 345,000 +1.4% 1.6% 155,590 +1.5% 123,000 845,000 278,590 845,000 278,590 (a) 845,000,000 278,590,000 795,000,000 278,590,000 2,372,482,000 1,235,013,000 18 845,000,000 278,590,000 2,637,695,000 1,702,685,000 (b) (c) 5,590,000 (d)

119 25 796,138,689 796,138,689 1,200,457 1,200,457 796,138,689 1,200,457 1,200,457 26 27 28,501 28,955 18,646 24,568 47,147 53,523

120 28 (a) (i) 896 1,313 (ii) 7,300 5,000 (iii) 4,078 2,500 (iv) 12,950 11,320 (v) 1,135 (vi) 777 (i) B (ii) (iii)

121 28 (iv) (v) (vi) (vii) 8,478,000 7,645,000 (viii) 449,000 2,260,000 (ix) 2,517,000 1,000,000 (x) 6,088,000 5,423,000 (xi) 204,654,000 166,174,000 (xii) 11,566,000 4,119,000

122 28 (b) 52,137 34,912 1,820 1,763 53,957 36,675 7 (a)(i-vi)14a

123 29 31,226 31,226 148,778 148,778 679,284 679,284 2,290,889 2,290,889 19,150* 19,150* 4,064,887 4,064,887 407,457 407,457 148,778 7,492,893 7,641,671 4,588,066 81,670* 845,000 5,514,736 * 6,603,0004,417,000

124 29 32,430 32,430 110,326 110,326 488,560 488,560 1,792,161 1,792,161 18,212* 18,212* 4,576,893 4,576,893 387,713 387,713 110,326 7,295,969 7,406,295 5,031,376 44,812* 278,590 5,354,778 * 8,292,0003,697,000

125 30 914,370 (235,086) 679,284 679,284 4,823,152 (235,086) 4,588,066 4,588,066

126 30 648,778 (160,218) 488,560 488,560 5,191,594 (160,218) 5,031,376 5,031,376

127 31 13 2.5(b) 39,691 39,691 83,418 83,418 25,669 25,669 65,360 83,418 148,778

128 31 14,761 14,761 10,694 10,694 2,318 78,238 80,556 4,315 4,315 32,088 78,238 110,326

129 32 * 25 4,802 (25) (4,802) 25 4,774 (25) (4,774) *

130 32 3% 3% * % 8 7,254 (8) (7,254) 3 923 (3) (923) *

131 32 17 18

132 32 4,345,819* 242,247 4,588,066 81,670 81,670 845,081 # 845,081 # 5,190,900 323,917 5,514,817 4,723,582* 307,794 5,031,376 44,812 44,812 278,663 # 278,663 # 5,002,245 352,606 5,354,851 # 845,000,000 278,590,000 * 4,064,887,000 4,576,893,000

133 32 16 1% * % 1 397 (1) (397) 1 257 (1) (257) 1 834 (1) (834) 1 148 (1) (148) 1 107 (1) (107) 1 43 (1) (43) 1 806 (1) (806) *

134 32 845,000 278,590 2,163,523 2,091,757 39.1% 13.3%

135 33 196,277 195,960 1,101,908 1,126,122 968 950 8,082 5,406 1,110,958 1,132,478 21,664 17,883 3,829 2,794 17 134 25,510 20,811 1,085,448 1,111,667 1,281,725 1,307,627 1,200,457 1,200,457 81,268 107,170 1,281,725 1,307,627

136 33 656 158,464 159,120 19,702 19,702 (71,652) (71,652) 656 106,514 107,170 5,944 5,944 (31,846) (31,846) 656 80,612 81,268 34 10 35

Incorporated in Hong Kong with limited liability 於香港註冊成立之有限公司 Stock Code 股份代號 : 218 www.swhyhk.com ANNUAL REPORT 2017 年報 Level 19, 28 Hennessy Road, Hong Kong 香港軒尼詩道28號19樓