Silverman : INTERIM REPORT 2017

SILVERMAN HOLDINGS LIMITED‌‌‌‌‌‌‌‌

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1616)

INTERIM REPORT

2017

Contents

Summary 02

Corporate Information 03 Management Discussion and Analysis 05 Supplementary Information 13 Consolidated Statement of Profit or Loss 21

Consolidated Statement of Profit or Loss and Other Comprehensive Income 22

Consolidated Statement of Financial Position 23 Consolidated Statement of Changes in Equity 25 Condensed Consolidated Cash Flow Statement 26 Notes to the Unaudited Interim Financial Report 27

2 SILVERMAN HOLDINGS LIMITED

SUMMARY

• Revenue was approximately RMB408.3 million, representing an increase of approximately 17.6% as compared to that of RMB347.2 million for the corresponding period of last year.

• Gross profit margin was approximately 21.1% of revenue, representing an increase of approximately 2.5 basis points as compared to that of approximately 18.6% for the corresponding period of last year.

• Gross profit increased by approximately RMB21.6 million, or approximately 33.3% as compared with the corresponding period of last year, to approximately RMB86.3 million for the six months ended 30 June 2017 (the "Period Under Review").

• Profit attributable to the equity shareholders of the Company was approximately RMB30.0 million, representing an increase of approximately 464.8% as compared to that of RMB5.3 million for the corresponding period of last year.

INTERIM REPORT 2017 3

CORPORATE INFORMATION

The Board of Directors Executive Directors

Mr. LIU Dong (Chairman)

Mr. LIU Zongjun (Chief Executive Officer) Ms. CHEN Chen

Mr. HE Han Mr. TAN Bin

Independent Non-executive Directors

Mr. LAM Kai Yeung Mr. GAO Gordon Xia Mr. WANG Liangliang

Company secretary

Ms. CHAN Yin Wah, FCS, FCIS, FCCA

Authorised representatives

Mr. LIU Dong

Ms. CHAN Yin Wah

Audit committee

Mr. LAM Kai Yeung (Chairman) Mr. WANG Liangliang

Mr. GAO Gordon Xia

Remuneration committee

Mr. WANG Liangliang (Chairman) Mr. LIU Dong

Mr. GAO Gordon Xia

Nomination committee

Mr. GAO Gordon Xia (Chairman) Mr. WANG Liangliang

Mr. LIU Dong

Registered office

P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands

Head office, headquarter and principal place of business in the PRC

Yinlong Village,

Economic Development Zone, Boshan District, Zibo City, Shandong Province,

The PRC

Middle Section, West Guojing Road, Boshan District, Zibo City, Shandong Province,

The PRC

Principal place of business in Hong Kong

18th Floor, Tesbury Centre, 28 Queen's Road East, Wanchai,

Hong Kong

Legal adviser to the Company (Hong Kong Law)

Howse Williams Bowers 27/F Alexandra House 18 Chater Road

Central, Hong Kong

Auditor

KPMG

Certified Public Accountants 8th Floor, Prince's Building, 10 Chater Road,

Central, Hong Kong