Direct Investment
 
(in alphabetical order)  
Apart from its investment activities through its partners, SMC also maintains its own discretionary portfolio.  
   
  Billing System Corporation (TYO:3623)  
Billing System Corporation (“BSC”) provides online bill-paying services. The company also offers payment collection services and money transfer services via internet. Billing System was listed in Japan in March 2008. SMC invested in BSC prior to its IPO in 2002.  
   
  Dojima Hotel  
Dojima Hotel is a luxury boutique hotel in Osaka. SMC partnered with Jermyn Capital and acquired the property in 2002. The partners then entered into a 15-year fixed rate lease for the whole building with a nationwide hotel and F&B operator after the acquisition. SMC exited in 2006.  
   
  Lightscape Technologies Inc. (OBB: LTSC)  
Lightscape Technologies Inc. (“LT”) engages in the development, manufacture, and integration of energy saving products and technologies. It also engages in the manufacture and distribution of lighting source products and provision of consulting services and LED lighting effect services. Lightscape is rapidly building up its LED billboard media network in prime locations in Hong Kong and China through its joint venture arrangement with a subsidiary of New World TMT Ltd. SMC invested in LT in 2007.  
   
  Property Investment  
SMC primarily invests in selective existing real estate, inclusive of strata-title office buildings, retail space, mixed-use and residential properties around the Asia Pacific region, with an initial focus on Greater China.  
   
  Silver Heritage Limited  
Silver Heritage Limited (“SHL”) was founded in 2003 to capitalize on Asia’s fast-growing gaming sector. It is engaged in the operation and management of slot machines and digital casinos featuring server based gaming terminals to legal, licensed gaming premises.  
   
  Sino-Forest Corporation (TSX:TRE)  
Sino-Forest Corporation (“SFC”) is one of the leading, foreign-owned, commercial forestry operators in China. It had operations in ten key provinces in China and managed approximately 328,000 hectares of plantation trees as at March 31, 2008. The company’s plantation operations include timber harvesting, replanting, maintenance, wood chip processing, market and export operations. SMC invested in SFC in 2003 and exited in 2004.  
   
  SMC China Auto Leasing Ltd. (“CALL”)  
Partnering with New Century International Leasing Ltd., China’s leading leasing company, an SMC-led consortium invested in CALL in April 2009. In September 2009, CALL secured one of the few Wholly-Foreign Owned Enterprise licenses granted to a financial leasing company in China. Within its first year of operations, CALL has ranked amongst China's top-10 auto lessors.  
   
  Xinhua Financial Network (TSE:9399)  
Xinhua Financial Network (“XFN”), 1st company from China listed in Japan, is engaged in the provision of financial information and media services in China, Japan, and the United States. It is headquartered in Shanghai and has a network spanning across North America, the Asia-Pacific and Europe. SMC invested in XFN in 2003 prior to its listing.  
   
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