The information contained in these documents is confidential, privileged and

only for the information of the intended recipient and may not be used, published
or redistributed without the prior written consent of AN YIN INVESTMENT.

The opinions expressed are in good faith and while every care has been
taken in preparing these documents, AN YIN INVESTMENT makes no
representations and gives warranties of whatever nature in respect of
these documents, including but not limited to the accuracy or completeness of any
information, facts and/or opinions contained therein.
AN YIN INVESTMENT, its subsidiaries, the directors, employees and agents
cannot be held liable for the use of and reliance of the opinions, estimates,
forecasts and findings in these documents.

7/F, SPA CENTRE, NO.55 LOCKHART ROAD, WAN CHAI, HONG KONG, CHINA
Company Number 2160868
Investing to Finance a New World Page 1

Major Milestones Page 3

CEO Statements Page 4

Financial Highlights Page 5

Profile of Directors Page 6

Financial Investment Strategy to 2017 Page 7

Group Summary Consolidated Balance Sheet Page 9

Group Risk Exposure to Credit Risk Page 10

Assets and Liabilities Arising from Group Acquisitions Page 11

Other assets Page 12

Investments in Subsidiary Undertakings, Joint Ventures and Associates Page 13

Goodwill and Intangible Assets Page 14

Investing to Finance a New World

When one small group of investors started a small trading company in Beijing in 80’s to supply Asia
and European markets selling silk, porcelain and raw commodities we don’t have any idea than
over 30th years An Yin will reach the actual status.

In 1981, the authorities began to dismantle collective farms along with the introduction of the
family responsibility system, which shifted responsibility for collective production to each
household, Which allowed each family to have greater decision-making power in agricultural
activities. During that time the number and size of private farms grew, and most restrictions on
the sale of agricultural products in free markets were canceled.

In this moment the trading of fertilizers and our investment in Phosphate mines give to our group
the growth to next decade, helping China in modernization and Improvement in its infrastructure.

In 1993 production and prices were increased, government expenditures outside the state budget
were extinguished, and economic expansion was fueled by the creation of more than 2,000
special economic zones, and the inflow of foreign capital into the economic zones was facilitated.
One more time An Yin have the vision of future and invest in Shahe Economic Development Zone
with objective of production glass manufactured products. In same time started the investments
in Real State in China and Hong Kong to supply the much needed housing that the Chinese people
needed.

With increase of capital market inside China and changes in economics infrastructure the An Yin
found specific areas for growth in capital market investing in mining companies and electric
manufactories. This made possibility of An Yin achieve the actual status, when see over the
horizon to start a new age of development, using your skills after 30 years of business in Asia to
start a new challenge turn on in a International Investment company. This moment will ensure to
ours sons and daughters than the work of your fathers will be transformed in a new way to finance
the new world.

One world without borders where the clean energy will be reality and our people will not more
seen as slave workers but how the new economic wave participating activity of the projects of this
new century.
When An Yin invested in SHIJIAZHUANG KELIN ELECTRIC anyone see the future how one future of
clean energy, today Kelin was transformed in main company to produce power stations to electric
cars. In 80’s when we start the culture of coal how energy of future was the majority, today solar
and other clean energy was the base for China power.

Looking ahead like in the past An Yin have in your front a great challenge, transform the
investment company in a international investor, helping the emergent countries growth using our
technology and show up to world the potential of Chinese Investment.

We will move our production plants to new borders, creating a international corporation and
made investments in long term outside Asia to permit to next generation enjoy all effort and hard
work of this small group of investors than see the changes of world and one more time are
prepared to these changes.
 Private Group of Investors from Beijing Founded An Yin with objective of
1980 trading Chinese Commodities to Asia and Europe.

After 9 year developing commodities and phosphate mines An Yin starting

1989 investing in China Infrastructure.

An Yin consolidate your position how investor in China Market, given focus
1996 in Real State investments, glass production and raw material exchange.
In same year start investments in Hong Kong Real State Market.

2001 With development of Securities and Capital Market in Hong Kong, An Yin
move your investments focus to Hong Kong. Investment in electric sector starting
show up results

2014 An Yin consolidate your operation in Hong Kong still investing in Securities and
Capital Market. But remains the investments in Lithium and Electric products.

2016 Boarding of Investment of An Yin decide expand your business to outside Asia
with focus in emergent countries with investment in Funds already consolidated.

For next five years An Yin will move your resource assets to operate 100% over seas
in emerging countries Funds in special Latin America and Caribbean.

An Yin estimate investment around EUR 900 MM with profit of 7.68% per Year.
Dear Partners,

The An Yin Group has entered into a stage of stable growth, our key performance indicators for
this year show increasing net profit what coverage our strategy of expansion to emergent markets.

With decrease of European and Asia Markets in few past years the board of investment decide
from march of 2016 selected the best funds of investment in emergent markets like Latin America
and Caribbean to move our resources over seas.

We believe with this movement An Yin will support infrastructure development of countries with
large capacity of growth, creating an environment to increase profit to our company.

The investment in past years in Chinese companies show be a good choose, but now expanding
our investment for new markets is the right position to increase our assets.

Today An Yin Investments reach are small if compared with our competitor in Asia Market, but
with hard work and vision over line of sight our perspective is double our assets in four years,
these emergent countries show needs of large infrastructure to keep moving to next level, and our
company will be the partner for investment to reach this new level.

I wish these new wind will show up results in a short time and our company will show
competence to these new challenge.

Liu Jingnong
CEO
Hong Kong, 06 September 2016
Shijiazhuang Sanduo Trading Co., Ltd.
No. 148 Yuhua Road Shijiazhuang, Hebei Province, China

- The investment in Shijiazhuang Sanduo Trading show high profit due a partnership with BYD for
development of new line of lithium batteries. Today Sanduo is one of
mayor trading lithium carbonate to Chinese Lithium Processing. Our investment
of EUR 130MM to increase production and commercialization of Lithium Products
achieved profit of 178% this year. This is a record for sector and our prevision is the lithium market
remain warmed for next two year with delay in new areas of productions and problems with
suppliers from Chile and Australia.

Shahe Economic Development Zone

Address: No. 169 Provincial Highway 329, Shahe Economic Development Zone,
Hebei Province, China

- The investment in Shahe Economic Development Zone is one of highlights of this fiscal year, with
expansion of glass production and the development of new line of coating and floor products to
European market show high increase in profit of this investment. We expected than in next years
the climate agreements can reduce our profit in this area due forced reduction in production
imposed by Government. How strategy of investment the year of 2017 will invest in over seas
funds to create glass complexes in other regions of the world using the technology developed
using our investments in last years. The total profit in Shahe Zone was of 88% this year with
perspective of reduction to 45% for 2017.

SHIJIAZHUANG KELIN ELECTRIC CO.,LTD

Address:--Nanjiangbi Hongqi Street Shijiazhuang Hebei Province

- The investment to loan infrastructure in Indonesian region show an great investment, our
partnership with KE Eletric increase our profit in 2016. The new line of electric equipment for
power charge electric cars and projects of infrastructure show a profit of 67% over capital
invested. For 2017 An Yin will keep the amount of credit in EUR 200 MM in KE Electric.
Liu Jingnong
Chief Executive Officer
liu@anyininvest.com
aged 57, is co-founder and Chairman of the An Yin Group, He is responsible for
overall strategic planning and management. Mr. Jingnong has over 30+ years
experienced in the investment and electric companies. Was consultant of Mr.
Zhao Xiaochuan for 12 years and has large experience in China capital Market. Mr.
Liu hold Bachelor of Economic and Engineer from University of Beijing.

Zhang Yao
Chief of Investments
zhang@anyininvest.com
aged 41, was international director of KE Eletric for last 8 Years, today is Chief of
Investments of An Yin, responsible for development of international emergent
markets. Mr. Yao hold Bachelor of Commerce degree from University of Western
Australia.

Shi Donghui
Chief Financial Office
shi@anyininvest.com
aged 41, is Chief Financial Office. Mr. Donghui has over 20 year of experience in
telecommunications industry, research and finance. Prior to joining to An Yin Mr.
Donghui was a highly rated analyst of Bank of China and was involved in numerous
global funding raising for a wide range of Asian. Mr. Donghui holds a Bachelor of
Arts Degree from Hong Kong Baptist University and Master of Science Degree in
Electronic Commerce and Internet Computing from University of Hong Kong.

Celio Oliveira
Director Americas Territory
celio@anyininvest.com
aged 43, is Director of Investments in Americas Territory, graduate in Berkley
U.S.A, with experience in large financial institutions around the world.
This year of 2016 was of big changes in worldwide economic, the internal problems in China with
pollution reduction, create losses for investors due obligation of reduction in production. The
political instability in Hong Kong and other Asia regions create an obligation from our boarding of
change our profile of investment.

In 2017 our objective is the investment in international funds and banking sector in emerging
countries with focus in Latin America and Caribbean, we selected these regions due the capacity
of Chinese Government made influence in economic and political, because the Central
Government release a series of investments in these areas.

We believe in move to investments funds reduce the risks of An Yin already has with internal
problems in China with decrease of exporting manufactured products.

Our strategy is remain investments in China electric sector with a possibility of increase internal
demand for electric cars and remain investments in Lithium Carbonate trading and Joint Ventures
for lithium mining.

The glass market show year after year a reduction of margins and show a yellow alert to our
annalists, while we have cheaper raw material in Hebei province, our production costs are
increasing due the shutdown of lines of production in obligation to pollution reduction.

In this sense we will move our resource assets from glass manufactory to international
investments funds. Mr. Zhang Yao are developing studies of market with international partners
where we expected found funds of investment profits starting with 8% per year and move this
profit to more risk investments in 2018 to profit of 12 – 15% per year.

We know this profit is less than our actually investments, but in long term perspective with
political and economic changes in China this is the best way of increase our asset in next years, in
this way protecting all efforts and investments than An Yin due in last 30 years.

After the movement of our company to Hong Kong our specialists show this how the right
decision, because now permit to us free movement of big part of our resources in international
market.
Some investments in Germany not show profitable like expectations, the research of drugs and
new therapies suffered constant delays, because this An Yin rescue the investment of EUR 470
MM to back to financial institution.

Our objective is use this resource in Latin America investment funds for next two years with
objective of preserve profits and have time to make new studies of investment. At this moment
we are looking for some fund with profit of 8% (without inflation) and schedule to complete this
process is until of November of 2016.

We are moving from China EUR 100MM with same objective, because with EUR 570MM available
to over seas investment our boarding believe in this way we can find good investment funds with
low risk and good profit.

The interest rate obtained from these investments will be reverted to expansion of glass
production and distribution centers in Latin America and Caribbean for increase our profit in glass
manufactory. The second objective is looking for new lithium mining areas in Latin America from
spudumene rocks and salt with partnership with Central Government.

With profit of investments we have real possibility in 2018 open lithium hydroxide plants in Latin
America to increase our supply to BYD to new generation of batteries.

The research and development sectors will remain in China, but our production plants and
distribution centers need be transformed in internationalized branches.

The year of 2017 will be of big challenges to our group, but we trust in competence of our
specialists and international partners to expand our business and preserve our investment.

An Yin Investing to finance a new world.

An Yin Annual Report 2015
Group Summary Consolidated Balance Sheet
(EUR Thousends)
Increase/ Increase/
(Decrease) (Decrease)
2015 2014 $million %
Assets
Advances and investments
Cash and balances at central banks 102,369 79,356 23013 29
Loans and advances to banks 92,451 88,895 3556 4
Loans and advances to customers 391,194 369,051 22143 6
Investment securities held at amortised cost 3,504 5,006 (1502) (30)
585,693 542,308 43385 8
Assets held at fair value
Investment securities held available-for-sale 149,077 124,231 24846 20

Financial assets held at fair value through profit or loss 38,378 35,209 3169 9
Derivative financial instruments 54,693 64,345 (9652) (15)
237,212 223,785 13427 6
Other assets 66,291 61,381 4910 8
Total assets 885,397 827,473 57923 7
Liabilities
Deposits and debt securities in issue
Deposits by banks 48,843 47,420 1423 3
Customer accounts 535,114 490,931 44184 9
Debt securities in issue 86,600 72,773 13827 19
672,236 611,124 61112 10
Liabilities held at fair value
Financial liabilities held at fair value through profit or
loss 35,380 29,983 5397 18
Derivative financial instruments 51,534 61,350 (9816) (16)
84,026 91,333 (7307) (8)

Subordinated liabilities and other borrowed funds 27,371 24,439 2933 12

Other liabilities 41,928 40,707 1221 3
Total liabilities 821,334 767,602 53732 7
Equity 66,457 59,872 6586 11
Total liabilities and shareholders’ funds 885,397 827,473 57923 7
An Yin Annual Report 2015
Group risk exposure to credit risk
(EUR Thousends)
2015 2014
Derivative financial instruments 49,496 58,524
Loans and advances to customers 288,863 271,778
Loans and advances to banks 69,155 66,549
Investment securities1 114,313 100,419
Contingent liabilities 44,449 42,880

Undrawn irrevocable standby facilities, credit lines and other commitments to lend 56,697 52,700
Documentary credits and short-term trade-related transactions 7,752 8,612
Forward asset purchases and forward deposits placed 711 733
631,436 602,195
1 Excludes equity shares
An Yin Annual Report 2015
Assets and liabilities arising from Group acquisitions
(EUR Thousends)
Fair value
Cash and balances at central banks 6
Loans and advances to customers 1,545
Intangibles other than goodwill 17
Other assets 24
Total assets 1,592
Other liabilities 1,079
Total liabilities 1,079
Net assets acquired 513
Purchase consideration settled in cash (718)
Cash and cash equivalents in subsidiary acquired 6
Cash outflow on acquisition (712)
Purchase consideration:
Cash paid 718
Fair value of interest held prior to change in control 5
Fair value of net assets acquired (513)
Goodwill 210
Intangible assets acquired:
Customer relationships 17
Total 17
An Yin Annual Report 2015
Other assets
(EUR Thousends)
2015 2014
Financial assets held at amortised cost
Hong Kong SAR government certificates of indebtedness 4,191 4,043
Cash collateral 5,068 4,856
Acceptances and endorsements 5,156 5,485
Unsettled trades and other financial assets 7,244 6,170
21,659 20,554
Non-financial assets
Commodities 5,574 3,523
Other 1,585 3,209
28,818 27,286
An Yin Annual Report 2015
Investments in subsidiary undertakings, joint ventures and associates
(EUR Thousends)
Investment in subsidiary undertakings 2015 2014
At 1 January 14,291 14,291
Additions 78 –
At 31 December 14,369 14,291
An Yin Annual Report 2015
Goodwill and intangible assets
(EUR Thousends)
2015 2014
Acquired Acquired
Goodwill intangibles Software Total Goodwill intangibles Software Total
Cost
At 1 January 6,347 666 816 7,829 6,257 654 774 7,685
Exchange translation differences 158 13 40 211 (120) (5) (10) (135)
Acquisitions 34 3 – 37 210 17 – 227
Additions – – 296 296 – – 240 240
Disposals – – – – – – (47) (47)
Amounts written off – (2) (219) (221) – – (141) (141)
At 31 December 6,539 680 933 8,152 6,347 666 816 7,829
Provision for amortisation
At 1 January – 423 345 768 – 359 328 687
Exchange translation differences – 13 15 28 – (5) (1) (6)
Amortisation for the period – 67 190 257 – 69 184 253
Disposals – – – – – – (31) (31)
Amounts written off – (2) (211) (213) – – (135) (135)
At 31 December – 501 339 840 – 423 345 768
Net book value 6,539 179 594 7,312 6,347 243 471 7,061