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:363 2010

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2010 2 39 26 852 2529 5652 852 2529 5067 enquiry@sihl.com.hk 363 363 HK 0363.HK SGHIY www.sihl.com.hk 28 26 (852) 2980 1333 (852) 2861 1465 The Bank of New York Mellon BNY Mellon Shareowner Services P.O. Box 358516 Pittsburgh, PA 15252-8516, USA (1) 201 680 6825 (1) 888 BNY ADRS www.bnymellon.com/shareowner shrrelations@bnymellon.com

3 2010 50 48

2010 4 66.64 150.1%44.37216.2% 50 48 20% 40% 433.9 542.7 27.46 45.02% 100

5 2010 58.27 A 63.65% 313.60 490.46 2,218 10

2010 6

7 2010 100% 100% 100% 50% 75.47% (5GB SGX) 59% 45.02% (563 HKSE) 100% 100% 100% 87% 100% 93.44%

2010 8 66.64 150.1%44.37216.2% 31.98 25.8% 26.3% 47.9% 4.1324.0% 26.3% 2.51 1,55218.9% 24.4% 1.24 0.7% 3.411,471 74.6% 87.3% 1.43 47.4% 1.20

9 2010 6,010 1.95 1,362 3.86 4,119 36.7% - 108.7 1.42570

2010 10 1 20 100% 2 10 100% 3 20 70% 4 5 100% 5 42.5 70% 6 10 100% 7 115.5 8 83.4 45% 55% 9 43 60% 10 15 90% 11 18 50% 12 30 100% 13 14 19.5 100% 2 100% 433.9

11 2010 1 6 100% 2 15 100% 3 100% 4 40 43% 5 70% 101 6 12.5 100% 7 15 100% 8 5 100% 9 3 100% 10 4.5 100% 11 1.25 100% 12 5.5 100% 13 1 100% 108.75 542.65

2010 12 7.531,307.1% 47.9% 58.27 A 63.65% 17 490.46 27.46 45.02% 50% 11 14 737.48 1,229.49 24.17 6.46

13 2010 213.56 398.27 10 55.77 4.98 12.55 2.90 34.77124.1% 605.9% 34 6.96 4.025,414 7.71 169.8584.93 D G 129.73 2.04

2010 14 53.1% 943,000 B C D E F 560,463 1,307,369 322,559 2007 2012 53.1% 205,017 268,021 82,834 2007 2011 59% 181,215 445,551 140,171 2008 2010 32.45% 180,541 202,425 123,662 2006 2011 32.45% 126,568 79,085 26,016 2009 2011 30.68% 34,223 129,498 2009 2011 59% 24,041 191,660 2009 2012 59% 259,182 604,620 2009 2013 1,953,787 3,228,229 695,242

15 2010 45.02% 121,499 523,833 453,279 45.02% 127,507 352,905 239,809 2007 2011 40.52% 42,541 250,836 166,821 2007 2012 45.02% 244,252 752,883 497,088 2006 2012 45.02% 57,944 213,755 118,688 2009 2012 32.19% 2,073,824 3,534,736 1,375,608 2008 2013 45.02% 113,268 802,532 240,006 2008 2012 45.02% 228,200 625,670 134,877 2011 2013 30.16% 667,749 1,073,600 172,714 2007 2013 40.97% 11,038 106,190 69,841 3,687,822 8,236,940 3,468,731 5,641,609 11,465,169 4,163,973

2010 16 35.4% 132,000 6 35,343 629,000 320,700 2010 2017 59% 49,764 125,461 2010 2012 181,764 754,461 45.02% 333,333 460,000 2011 2013 18.01% 1,115,476 2,263,000 2012 2014 36.02% 22,651 244,950 2010 2012 45.02% 2,215,516 1,090,000 2012 2014 3,686,976 4,057,950 D 100% 511,877 255,939 E F 100% 434,855 217,428 100% 350,533 175,267 1,297,265 648,634 5,166,005 5,461,045

17 2010 1.37 4,799 44.3% 5.9 1,2362010 50 CONDE NAST 4.04 6.7% 25.8% 10.54 3.22 3.9% 4.3% 1.58 13.47 70.1% 8,5526.1% 30 A

2010 18 % 6,664,369 2,664,451 150.1 4,437,230 1,403,282 216.2 4.109 1.302 215.6 50 48 4.2 (a) 12.2% 36.9% (b) 13.3 14.8 % 87,407,175 64,268,957 36.0 28,298,033 24,901,250 13.6 26.21 23.06 13.6 (c) 41.45% 33.75% 1,079,765,000 1,079,765,000 (a) 43.59% (b) (c) (1) 5 (2) BVI BVI5

19 2010 1 44 3,723 30 3,395 216.2% 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 2006 2007 2008 2009 2010 2 % 412,615 332,781 24.0 752,813 53,500 1,307.1 404,468 760,619-46.8 3,226,774 508,467 534.6

2010 20 25.8% 26.3% 29.0% 4.7% 47.9% 66.3% 4 1,26224.0% 6,010 7,600 7 5,281 6 9,931 45.02%3 6,106 2 445 8.4%3 2,211 6 8,236 31 9,849 2,828

21 2010 3 % 762,191 393,556 93.7 3,614,801 587,776 515.0 2,287,377 1,683,119 35.9 6,664,369 2,664,451 150.1 692,883 2,914,720 11.5% 14.8% 34.3% 22.1% 54.2% 63.1%

2010 22 66 6,437 150.1% 93.7% 30515.0% 5,071 153,389105,62719,9703,635 65 3,449 4 (1) 35.8% 41.8%6 (2) 2 445 (3) 1 2,580

23 2010 (4) 7,600 (5) 2 563 (6) 5% 21.17%7 5,448 (7) 45.02%3 6,106 5 50 48 4.2% 120 100 80 60 40 20 0 2006 2007 2008 2009 2010

2010 24 1 30 1,079,765,000 282 9,803 2 (1) 25 20 15 10 5 0 2006 2007 2008 2009 6/2010 49.0 278 2,412 173 7,250 65.2%63.5% (2) (a) (b) (c) 4,987,597,0002,114,948,000 678,727,000474,779,000 188,556,000211,825,000

25 2010 (d) 5,679,00011,875,000 (e) 3,783,483,0001,611,699,000 (f) 37,109,00037,109,000 (g) 10,367,911,0009,138,892,000 (h) 72,592,00072,592,000 (e) (f) (i) 225,411,000911,828,000 (j) (k) (3) 42 2,593 15 9,940 3 69 8,637 39 6,408

2010 26 4 164 5,943 105 8,220 30 5,043 1 5,876 5% 59% 36%20% 68% 12% 1 2 5 3

27 2010 4 1. 50%

2010 28 2. 5,130,371,000 5,827,319,000 689,566,049 A 63.65% A 14A

29 2010 34 34 2410 34

2010 30 4 6,664,369 2,664,451 (4,276,746) (1,551,932) 2,387,623 1,112,519 286,135 214,428 130,724 343,781 (402,792) (199,730) (384,645) (312,250) (193,557) (132,845) 109,903 (17,833) 12,309 (152,328) 5 754,480 (284,224) 19 361,060 2,022,536 1,610,222 6 (596,244) (471,561) 1,426,292 1,138,661 7 3,269,339 668,163 8 4,695,631 1,806,824 4,437,230 1,403,282 258,401 403,542 4,695,631 1,806,824 10 4.109 1.302 4.109 1.301 1.121 0.830 1.121 0.830

31 2010 4,695,631 1,806,824 2,668 (98,458) 56,337 194,524 580 (12,478) 7,074 (344,654) (15,271) (31,575) (245,340) 4,087 4,450,291 1,810,911 4,191,890 1,407,369 258,401 403,542 4,450,291 1,810,911

2010 32 11 5,008,019 2,135,393 11 4,030,867 4,276,904 402,489 409,609 14,009,438 12,858,011 119,630 120,222 19,453 19,453 1,120,429 1,026,433 488,906 298,734 12 2,969,392 3,256,718 59,443 149,111 73,509 73,376 159,096 96,953 28,460,671 24,720,917 13 34,780,067 17,954,421 14 4,354,367 3,677,171 13,933 13,779 12 3,050,430 158,759 288,278 65,543 225,411 911,828 1,236,899 262,234 14,997,119 9,408,136 58,946,504 32,451,871 7 7,096,169 58,946,504 39,548,040

33 2010 15 16,113,884 9,711,918 16 64,979 17 32,300 2,451,434 852,077 18 5,666,968 3,490,737 24,329,565 14,054,732 7 1,734,249 24,329,565 15,788,981 34,616,939 23,759,059 63,077,610 48,479,976 107,977 107,977 28,190,056 24,793,273 28,298,033 24,901,250 11,010,288 9,196,106 39,308,321 34,097,356 18 17,120,831 12,124,720 17 3,213,600 3,434,858 2,257,900 23,769,289 14,382,620 63,077,610 48,479,976

2010 34 i ii iii iv 107,644 13,285,440 10,035 1,071 13,668 (1,210,049) (50,846) 1,995,765 475,571 8,773,059 23,401,358 8,479,654 8,479,654 31,881,012 1,403,282 1,403,282 403,542 403,542 1,806,824 56,337 56,337 56,337 7,074 7,074 7,074 (12,478) (12,478) (12,478) (15,271) (15,271) (15,271) (31,575) (13,303) 13,303 (31,575) (31,575) (12,478) 63,411 (46,846) (13,303) 1,416,585 1,407,369 403,542 403,542 1,810,911 238 37,641 37,879 37,879 3,403 (3,403) (50) (50) (50) 56,765 (56,765) 50,197 50,197 50,197 (176,994) (176,994) (176,994) (71,102) (71,102) (71,102) 2,944 2,944 2,944 9 (388,346) (388,346) (388,346) 107,882 13,326,434 6,632 1,071 13,668 2,944 (1,210,049) (12,478) 12,565 1,948,919 519,033 9,744,533 24,461,154 8,685,297 8,685,297 33,146,451

35 2010 i ii iii iv 107,977 13,344,886 4,091 1,071 13,668 2,944 (1,536,780) (15,013) (36,528) 1,802,704 477,084 10,725,142 24,891,246 9,196,106 9,196,106 34,087,352 2 10,004 10,004 10,004 107,977 13,344,886 4,091 1,071 13,668 2,944 (1,536,780) (15,013) (36,528) 1,802,704 477,084 10,735,146 24,901,250 9,196,106 9,196,106 34,097,356 4,437,230 4,437,230 258,401 258,401 4,695,631 2,668 2,668 2,668 (98,458) (98,458) (98,458) 194,524 194,524 194,524 580 580 580 7 (80,212) (264,442) (344,654) (344,654) 580 15,854 (261,774) 4,437,230 4,191,890 258,401 258,401 4,450,291 48,447 (48,447) 60,649 60,649 60,649 (100,512) (100,512) (100,512) 2 (156,988) (156,988) (156,988) 19 2,580 227,080 4,388,075 4,617,735 4,617,735 262 262 (26,178) (26,178) (25,916) 7 (4,091) 14,255 (157,302) 156,616 9,478 (2,995,913) (2,995,913) (2,986,435) 9 (647,859) (647,859) (647,859) 107,977 13,344,886 1,071 13,668 3,206 (1,679,513) (14,433) (20,674) 1,540,930 368,229 14,632,686 28,298,033 2,580 227,080 10,780,628 11,010,288 39,308,321

2010 36 (i) (ii) 20% 25,916,000 262,000 (iii) (iv)

37 2010 (1,777,582) (1,077,864) 7 3,243,062 31,907 172,374 19 18,775 (BVI) 2 (1,595,350) (245,935) (1,147,286) (190,463) (30,116) (25,916) (80,337) 1,410,723 390,086 345,619 242,150 1,581,699 957,594 6,447,328 9,332,143 60,649 50,197 (1,756,610) (5,302,018) (647,859) (388,346) (100,512) (176,994) (222,862) (130,191) 3,780,134 3,384,791 3,584,251 3,264,521 11,412,868 7,220,765 14,997,119 10,485,286 14,997,119 8,137,785 2,347,501 14,997,119 10,485,286

2010 38 1. 34 2. 5 (BVI)(BVI) (i) (ii) 5 (BVI) (BVI) (BVI)

39 2010 2. iii iv 4,260,054 16,850 4,276,904 9,467,968 3,390,043 12,858,011 13,723 5,730 19,453 17,487,594 466,827 17,954,421 3,668,144 9,027 3,677,171 9,256,359 33,984 117,793 9,408,136 16,074,861 16,074,861 60,228,703 500,811 3,539,443 64,268,957 7,679,155 500,811 1,531,952 9,711,918 13,627,724 1,987,733 15,615,457 2,248,146 9,754 2,257,900 2,586,326 2,586,326 26,141,351 500,811 3,529,439 30,171,601 34,087,352 10,004 34,097,356 24,891,246 10,004 24,901,250 9,196,106 9,196,106 34,087,352 10,004 34,097,356

2010 40 2. (i) 207 (BVI) 100% (BVI) (BVI) (ii) 1,388 100% 100% (iii) (iv) (BVI) (BVI) 3. 27 39 1 2 3 17 5

41 2010 3. 3 27 3 27 327 1 24 2 32 3 1 7 4 9 5 2 14 4 19 1 2 3 4 5 9 39 (i) (ii) 9

2010 42 4. 8 7 762,191 3,614,801 2,287,377 6,664,369 443,899 1,066,607 539,323 2,049,829 (32,784) (193,557) 109,903 12,309 (284,224) 361,060 2,022,536

43 2010 4. 393,556 587,776 1,683,119 2,664,451 475,069 206,976 475,181 1,157,226 1,522 (132,845) (17,833) (152,328) 754,480 1,610,222

2010 44 4. 15,244,752 15,151,693 49,753,978 25,505,215 5,699,262 5,592,157 70,697,992 46,249,065 16,709,183 18,019,892 87,407,175 64,268,957 5. 485 268 1

45 2010 6. 66,005 60,280 276,910 49,611 30,063,000 37,804,000 252,853 402,389 595,768 512,280 1,881 (3,148) (1,405) (37,571) 596,244 471,561 16.5% 25% 15% 18% 20% 22% 24% 25% 25% 30% 60%

2010 46 7. 70,850 668,163 3,198,489 3,269,339 668,163

47 2010 7. 692,883 2,914,720 (401,451) (1,704,660) 291,432 1,210,060 2,551 21,431 3,190 14,560 (149,996) (615,278) (63,981) (309,007) (948) (6,108) 1,609 28,738 234 382,966 83,857 727,596 (13,007) (59,433) 70,850 668,163 28,285 508,467 42,565 159,696 70,850 668,163

2010 48 7. 1,820 42,463 7,372 (6,496) 5,492,021 (335,176) 5,156,845 (2,995,913) 2,160,932 3,198,489 5,359,421 5,269,597 89,824 5,359,421 5,269,597 (2,026,535) 3,243,062

49 2010 7. (10,650) 393,700 (48,929) 184,631 81,382 306,443 21,803 884,774 8. 211,590 103,180 594 2,670 131,671 109,560 6,966 6,804 (3,752) (557) (8,230) 6,386 7,074 (71,493) (45,091) 199,997 (13,693) 5,881 (18,087) 2,747 951 259 10,428

2010 50 9. 60 36 647,859 388,346 50 48 10. 4,437,230 1,403,282 (284) 4,437,230 1,402,998

51 2010 10. 1,079,765,000 1,077,678,514 555,294 1,079,765,000 1,078,233,808 19

2010 52 10. 4,437,230 1,403,282 (28,285) (508,467) (3,198,489) 1,210,456 894,815 (284) 1,210,456 894,531 3,226,774,000 508,467,000 2.988 47 47

53 2010 11. 62 1,46639 43 1,128 19 925 2,873 19 12,495,000 12. 2,604 13. 1917,832

2010 54 14. 601,861,000 1,440,031,000 30 318,540 612,144 31-60 147,505 337,028 61-90 86,625 154,450 91-180 34,785 276,583 181-365 5,325 36,337 365 9,081 23,489 601,861 1,440,031 (i) 550,025,000880,289,000(ii) 681,508,0001,301,681,000 16% (iii) 116,060,000199,918,000 (iv)

55 2010 15. 901,822,000 2,141,771,000 30 630,797 1,134,076 31-60 49,399 187,280 61-90 17,711 149,741 91-180 14,925 357,924 181-365 57,890 106,158 365 131,100 206,592 901,822 2,141,771 (i) 9,427,509,000 3,299,299,000(ii) 728,882,000 663,951,000 (iii) 16. 19 1,340,000,000 135.7% 6.0193

2010 56 16. 130% 9.44% 52,160,000 17. 19 4,000 400,000,000 3,120,000,000264,000,000 9.75%

57 2010 17. 6.72 66,000,000 443,520,000 66,000,000 100% (1) 1% (2)(A) (i) 100% (ii) 100 (B) 100% 100% 100% 100% 109.75% 35%35% 35% 35% 35% 100% 35% 8.87% 3,213,600,000

2010 58 18. 6,4479,332 19 2,534 1,7575,302 19. 1,160,000,000 2.32 500,000,000 1,586,165,440 2.32 683,692,000 19.02% 26.00% 45.02% 21.10% (i) (ii) 2,746,165 26

59 2010 19. 2,872,626 925,390 187,706 23,625 4,009,347 17,832,129 1,367,671 271,721 97,918 2,764,940 22,334,379 10,494,253 64,979 32,300 1,015,935 1,817,200 13,424,667 8,909,712 12,919,059 716,379 3,213,600 1,264,120 5,194,099 7,724,960

2010 60 19. 54.98% 4,618 a 7,724,960 b (4,617,735) (361,060) 2,746,165 (a) (b) 32,300,000 227,080,000 361,060,000

61 2010 19. 2,764,940 (2,746,165) 18,775 9,082 742 20. 6,717,834 1,840,615 225,780 1,821,135 42,759 36,630 153,339 112,358 6,986,373 3,964,077 834,848 834,848

2010 62 21. 4,2261,599 22. (i) 4,320 4,320 13,918 11,689 18,173 3,560 10,002 (ii) 12,368 11,251

63 2010 23. 22(i) 413,727 633,130 145,885 128,238 157,896 249,592 30,300 31,575

2010 64 24. (a) 19 50% (b) 5,130,371,0005,827,319,000 689,566,049 A 63.65% A 14A

65 2010 352 XV 722,000 0.07% 586,000 0.05% 333,000 0.03% 679,000 0.06% 195,000 0.02% 1,487,539 2 0.14% 1. 2. 520,979 XV

2010 66 336 566,964,371 1 52.51% 1. SIIC Capital (B.V.I.) Ltd. SIIC Treasury (B.V.I.) Ltd. 466,644,37180,000,000 8,770,0005,092,0002,701,0001,798,0001,250,000389,000310,00010,000 2. 140,000 3. 336

67 2010 3.60 1 13,125,000 3.72 1 65,000,000 3.92 1 47,500,000 2 125,625,000 1. 4 1 2. 125,625,000 38,075,000 87,550,000 13.51B(1)

2010 68 15,141 6,703

69 2010 BVI 5GB 600597 S.I. Feng Tao Properties (BVI) Ltd. (BVI) 980 563 Novel Good Ltd. 571

2010 70 BVI SGX HKSE 601607 S.I. Shen-Yu Development Ltd. 600748 981 1.00 0.8804