复星集团 于2016年9月

Fosun Business Building, No.2 East Fuxing Road, Shanghai, ChinaTel: +86 21 2315 6666 Fax: +86 21 6130 3288 Post Code: 200010

Largo do Chiado 8, 1249-125 Lisbon, Portugal Tel: +351 213 401 500

107-0061 6F 3-5-12, Kita-Aoyama, Minato-ku, Tokyo, JapanTel: +81 3 5775 7860

Room 808, ICBC Tower, 3 Garden Road,Central, Hong KongTel: +852 2509 3228 Fax: +852 2509 9028

44th Floor, 28 Liberty (formerly One Chase Manhattan Plaza), New York, NY, 10005, USA Tel: +1 646 490 9830

31st Floor, Beijing Fosun International Centre,No. 237 North Chaoyang Road, Chaoyang District, Beijing, ChinaTel: +86 10 5915 2299Fax: +86 10 5915 2174Post Code: 100020

Fosun Group (October 2016)

BECOMING A WORLD-CLASS INVESTMENT GROUP UNDERPINNED BY THE TWIN DRIVERSof “insurance-oriented integrated financial capability” & “global industrial integration capability taking roots in China”

1 0STRATEGIES & ACHIEVEMENTS

0 2FOSUN’S OVERVIEW

2 8BUSINESS OVERVIEW

3 8FOSUN’S TEAM

48FOSUN’S PURSUIT

CONT ENTS

ABOUT FOSUN

F OSUN ’S OVERVIEWFosun was founded in 1992 in Shanghai. Fosun International (00656.HK) was listed on the main board of the Hong Kong Stock Exchange on July 16, 2007. Fosun is now a leading investment group taking roots in China with a global foothold. As at June 30, 2016, Fosun’s total assets exceeded RMB430 billion and is principally engaged in two major businesses namely integrated finance (wealth) and industrial operations. The integrated finance (wealth) segment has on-balance-sheet assets of over RMB270 billion and third-party assets under management of over RMB64 billion, and it comprises insurance, investment (strategic investment, private equity investment/venture capital investment/capital contribution to the Group’s asset management business as a limited partner (“PE/VC/LP investments”), and secondary market investments), wealth management and innovative finance. As regards the industrial operations segment, its total assets reached RMB170 billion and consists of businesses of health, happiness, property development and sales, and resources.

Fosun has been persistently investing in China’s growth momentum and focusing on investments in industries related to wealth, health and happiness. It endeavors to build an ecosystem of its businesses and continues to refine the strengths of its products. It has been actively implementing its investment model of “Combining China’s Growth Momentum with Global Resources” and always adhering to the value-investing discipline, aspiring to becoming a world-class investment group underpinned by the twin drivers of “insurance-oriented integrated financial capability” and “global industrial integration capability taking roots in China”.

0203

Fosun has been persistently taking roots in China and investing in China’s growth fundamentals. It has been actively implementing its investment model of “Combining China’s Growth Momentum with Global Resources” and always adhering to the “value-investing” discipline, aspiring to becoming a world-class investment group underpinned by the twin drivers of “insurance-oriented integrated financial capability” and “global industrial integration capability taking roots in China”.

2014Fidelidade, Secret Recipe

REN, Studio 8, Tom Tailor

ROC Oil, IDERA, Luz Saúde

IPO of Hainan Mining, Fosun Hani

2013St. John, Alma Lasers, Saladax

Caruso, Atlantis Resort Sanya

28 Liberty in New York

Lloyds Chambers in London

2016AHAVA, Fosun United Health Insurance(+)

Gland Pharma(*), Rio Bravo(#)

2008Focus Media2009

United Family Healthcare

2010Club Med

2011Folli Follie2012

Pramerica Fosun Life Insurance

Peak Re, Starcastle

1994Fosun Pharma and

Forte were established1998Fosun Pharma was listed in

China’s A-share market2002Yuyuan2003

Nanjing Iron & Steel2004Zhaojin Mining2007

Yong’an P&C Insurance

Hainan Mining

Founded by graduates from

Fudan University with initial

investment of US$4,000

1992

0405

Note: The above-mentioned companies/projects include investments made by Fosun, its subsidiaries and funds under its management.

(+) Obtained the formal approval from the China Insurance Regulatory Commission (CIRC) for the preparation of establishment.

(*) Currently under approval by regulatory authorities.

(#) The project has not been completed yet.

MILESTONESFosun was founded in 1992. Since its establishment, Fosun has always been adhering to its cultural values of “Self-improvement, Teamwork, Performance, and Contribution to Society”, with its motto of “Together, We Make a Difference”. Fosun achieved rapid development by capitalizing on the high-growth sectors that benefit from China’s economic development and investing in the fast-growing industries in different stages.

In the course of pursuing commercial value, Fosun also actively contributes its efforts to improve the business and natural environments of China so as to support the rejuvenation of the Chinese economy and culture, making efforts to become a responsible corporate citizen while committing itself to undertaking social responsibilities.

2015MIG, Ironshore, Thomas Cook

Privatization of Club Med

Cirque du Soleil, Hauck & Aufhäuser Privatbankiers (H&A)

Silver Cross, Resolution Property

Opening of Zhejiang E-Commerce Bank Co., Ltd. (Mybank)

NAGICO, Ambrx, Fosun Eurasia Capital

S EASONED LEADERSHIP TEAM

Guo Guangchang

Guo Guangchang

Wang QunbinQin XuetangXu Xiaoliang

Ding Guoqi

Liang Xinjun

Chen Qiyu

0607

Executive Director and Chairman of the Company.

Mr. Guo is one of the founders of the Group. Mr. Guo has been Chairman of Fosun High Technology since its establishment in November 1994. He is now also a Non-executive Director of Fosun Pharma (HKEx code: 02196 and SSE code: 600196) and Minsheng Bank (HKEx code: 01988 and SSE code: 600016), a Director of both Fosun Holdings and Fosun International Holdings (the direct and indirect controlling shareholders of the Company, respectively), a Director of Club Med and directors of various companies within the Group. Mr. Guo is also a Member of the 12th National Committee of the Chinese People’s Political Consultative Conference, a Member of the 11th Standing Committee of All-China Federation of Industry & Commerce and All-China Youth Federation, Vice Chairman of The Zhejiang Chamber of Commerce, Chairman of The Zhejiang Chamber of Commerce in Shanghai, Chairman of the “Federation of Entrepreneurs from China and Portuguese-speaking Countries－China Committee” by China Chamber of International Commerce, etc. Mr. Guo was a Deputy to the 10th and 11th National People’ s Congress of the PRC and a Member of the 9th National Committee of the Chinese People’ s Political Consultative Conference. Mr. Guo was awarded among others, the “Industry & Commerce Category Winner” of “Ernst & Young Entrepreneur of the Year”, the Awardee for “Directors of the Year Awards 2010”(Non Hang Seng Index Constituents) issued by The Hong Kong Institute of Directors and “Outstanding Zhejiang Entrepreneur Award” at “The First World Zhejiang Entrepreneurs Convention”. He was also named in the Bloomberg Markets as “50 Most Influential List 2014—Corporate Power Broker”, a famous American business magazine Fast Company (Chinese edition) “China 100 Most Creative People in Business 2014”,“50 Most Influential Individuals of the Portuguese Economy in 2015” by the Portuguese mainstream media Jornal de Negócios and “2015 Most Influential Corporate Leader in China” issued by China Entrepreneur Summit and Chinese Entrepreneur 30th Award Ceremony. Mr. Guo received a bachelor’s degree in philosophy in 1989 and a master’s degree in business administration in 1999, both from Fudan University.

Wang Qunbin Executive Director and President of the Company. Mr. Wang is one of the

founders of the Group and has been a Director of Fosun High Technology since its establishment in November 1994. He is also a Director of Henan Lingrui Pharmaceutical Co., Ltd. (SSE code: 600285) and Yuyuan (SSE code : 600655), a Non-executive Director in Sinopharm (HKEx code : 01099) and Fosun Pharma (listed on HKEx and SSE) and directors of various companies within the Group. Mr. Wang holds various positions including Honorary Chairman of the Shanghai Bio Pharmaceutics Industry Association, Honorary Chairman of The Huzhou Chamber of Commerce in Shanghai and Vice Chairman of China Chamber of International Commerce. Mr. Wang was awarded “Young Global Leader Honoree 2009” of the World Economic Forum, “Asia Pacific Outstanding Entrepreneur Awards” issued by Enterprise Asia in 2014 and “Best Asian Corporate Director” at the Asian Excellence Recognition Awards 2014 by Corporate Governance Asia. He was also named one of “China’s 50 Top-performing Corporate Leaders” by Harvard Business Review and was listed in the “Hot 100 List in 2016” by the American Insurance Business magazine. Mr. Wang received a bachelor’s degree in genetic engineering from Fudan University in 1991.

Ding Guoqi Executive Director and Senior Vice President of the Company. Mr. Ding resigned as the CFO of

the Company in November 2015. Mr. Ding joined the Group in 1995, he is also a Director of Hainan Mining (SSE code: 601969) and directors of various companies within the Group. Mr. Ding was a Director of Shanghai Ganglian E-Commerce Holdings Co., Ltd. (SZE code: 300226). Mr. Ding is now the Chairman of The Anji Chamber of Commerce in Shanghai, Standing Vice Chairman of The Huzhou Chamber of Commerce in Shanghai, Director of the School Board of Shanghai University of Finance and Economics and Chairman of the Alumni Association of Shanghai University of Finance and Economics, School of Accounting. Mr. Ding was awarded “Asia’s Best CFO” at the Asian Excellence Recognition Awards 2015 by Corporate Governance Asia. Mr. Ding received a bachelor’s degree in accounting from Shanghai University of Finance and Economics in 1991.

Qin Xuetang Executive Director and Senior Vice President of the Company. Mr. Qin is also acting as directors

of various overseas companies within the Group. Since joining the Group in 1995, Mr. Qin has been in charge of the legal affairs of the Company, possessing in-depth knowledge in the area of mergers and acquisitions, as well as in corporate governance affairs of A-share listed companies. In addition, Mr. Qin oversees all matters related to the Company’s audit, compliance, risk control and information disclosure. Mr. Qin received a bachelor’s degree in law in 1985 from the Southwest University of Political Science and Law and was admitted to practice law in the PRC in 1990. Prior to joining the Group, Mr. Qin worked in the Law School of Fudan University.

Chen Qiyu Executive Director and Vice President of the Company. Mr. Chen joined the Group in 1994. He

is also an Executive Director and Chairman of Fosun Pharma (listed on HKEx and SSE), a Non-executive Director and Vice Chairman of Sinopharm (listed on HKEx), a Director of Zhejiang D.A. Diagnostic Company Limited (SZE GEM board code: 300244), Beijing Sanyuan Food Co., Ltd. (SSE code: 600429) and Maxigen Biotech Inc. (Taiwan Stock Exchange code: 1783) and directors of various companies within the Group. Mr. Chen is a Member of the 12th Shanghai Committee of the Chinese People’s Political Consultative Conference, Chairman of China Medical Pharmaceutical Material Association, Vice President of China Pharmaceutical Industry Research and Development Association, Vice President of China Pharmaceutical Industry Association, Chairman of Shanghai Biopharmaceutical Industry Association and Vice Council Chairman of Shanghai Society of Genetics. Mr. Chen received a bachelor’s degree in genetics from Fudan University in 1993 and an EMBA degree from China Europe International Business School in 2005.

Xu Xiaoliang Executive Director and Vice President of the Company. Mr. Xu joined the Group in 1998.

He is also Chairman of Yuyuan (listed on SSE), a Non-executive Director of Zhaojin Mining (listed on HKEx) and Shanghai Zendai Property Limited (HKEx code: 0755), a Director of Resource Property (NEEQ code: 833517) and directors of various companies within the Group. Mr. Xu is now the Co-chairman of Real Estate Association of The Zhejiang Chamber of Commerce , a Member of Shanghai Youth Federation and a Vice Chairman of China Real Estate Chamber of Commerce. Mr. Xu was successively awarded the “Shanghai 4 May Youth Medal” and “Shanghai Top Ten Youth Business People”. Mr. Xu graduated from the Innova Education School of Singapore with a diploma in 1995 and received a master’s degree in business administration from the East China Normal University in 2002.

Liang Xinjun Executive Director, Vice Chairman and Chief Executive Officer of the Company.

Mr. Liang is one of the founders of the Group and has been Vice Chairman of Fosun High Technology since its establishment in November 1994. He is also a Non-executive Director and Vice Chairman of Zhaojin Mining (HKEx code: 01818) and directors of various companies within the Group. Mr. Liang was an independent director of Shanghai Oriental Pearl (Group) Co., Ltd. (SSE code: 600832). Mr. Liang is now the Chinese Representative Designate of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC), a Member of China Industrial and Commerce Council and Management Committee of Asia-Pacific Economic Cooperation (APEC), a Member of the 12th Shanghai Committee of the Chinese People’s Political Consultative Conference, Executive Council Chairman of Shanghai League of TMT Industry Service, Executive Vice Council Chairman of China Science and Technology Private Entrepreneurs Association, Chairman of The Taizhou Chamber of Commerce in Shanghai, Chairman of the Fudan University Alumni Association (Shanghai), Executive Vice Council Chairman of Cheung Kong Graduate School of Business Alumni Association, etc. Mr. Liang was awarded, among others, “Chinese Business Leader of the Year” at the 7th Horasis Global China Business Meeting in Spain in 2011, “Bauhinia Cup Outstanding Entrepreneur Award” of The Hong Kong Polytechnic University in 2012, “Outstanding Zhejiang Entrepreneurs Award” by the 2nd World Zhejiang Entrepreneurs Convention, the Awardee for “Directors of the Year Awards 2013” (Non Hang Seng Index Constituents) issued by The Hong Kong Institute of Directors, “2013 Chinese Business Leaders” issued by Grand Ceremony for Chinese Business Leaders Annual Award 2013, “Asia’s Best CEO” at the Asian Excellence Recognition Awards 2014 issued by Corporate Governance Asia, “2014 Achievement Awards - Capital Markets Person of the Year” issued by FinanceAsia. He was named, among others, “China’s Best Industrial Investor TOP10” , “China’ s Best Internet Industry Investor TOP10” and “China’s Best Modern Agricultural Industry Investor TOP10” in 2015 China VC/PE Industry List, “China’s TOP5 Best PE Investor (60s) by Chinese LPs” in 2015 China VC/PE Innovation List issued by China Venture, and “Top Ten China Private Equity Investor” from 2011 to 2015 by Zero2IPO Group. Mr. Liang received a bachelor’s degree in genetic engineering in 1991 from Fudan University, a master’s degree in business administration in 2007 from Cheung Kong Graduate School of Business and a doctor’s degree in business administration (global financial management) from Arizona State University in 2015.

FAST GROWING FOSUNSince its establishment, Fosun has been growing at a rapid pace and becoming an investment group with total assets exceeding RMB437.71 billion, from an entrepreneurial start-up founded by university students with an initial capital of RMB38,000 in 1992.

In 2015, Fosun’s revenue amounted to RMB78.80 billion and profit attributable to owners of the parent increased 17.3% year-on-year to RMB8.04 billion.

In the first half of 2016, Fosun’s revenue amounted to RMB32.51 billion and profit attributable to owners of the parent was RMB4.39 billion, up 21.4% year-on-year.

As at June 30, 2016, Fosun International’s market capitalization was HKD86.12 billion/RMB73.63 billion.

Notes:

1. Adjusted BV = Attributable market value of listed enterprises in the Group + net assets attributable to owners of unlisted subsidiaries and associates in the Group + costs of other investments in the Group – net debt in the Group.

2. Reason of decrease: As at June 30, 2016, a portion of attributable market value of listed enterprises in the subsidiaries and associates decreased, as compared to December 31, 2015.

RMB

Book value (BV)

Adjusted book value (Adjusted BV)

82.66 billion

122.05 billion

75.74 billion

129.07 billion

9.1%

June 30, 2016 December 31, 2015 YoY Change

-5.4%（2）

ENTERPRISE VALUE OF FOSUN INTERNATIONAL GROWS STEADILY

0809

RMB billion

11.5-year CAGR of BV = 42.02%BV Adjusted BV (1) 11.5-year CAGR of Adjusted BV =25.23%

140

120

100

80

60

40

20

0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1H2016

129.07

75.74

122.05

82.66

1011

Along with the “insurance + investment” twin-driver core strategy and the investment model of “Combining China’ s Growth Momentum with Global Resources” , Fosun will continue to adhere to its “value-investing” discipline, especially in the complex and ever-changing global economic environment. Fosun will be more focused on its organic growth, to discover, invest and nurture “Unicorns” as well as to implement its light-asset strategy. In addition, Fosun will be devoted to penetrating its internal and external core resources, polishing its products with artisan spirit, with a view to providing families with one-stop solution integrating wealth, health and happiness. By leveraging new technologies including internet, Fosun will concentrate on launching products and services that astonish clients.

STR ATEGIES &ACHIEVEMENTS

Debt duration extended quickly and cost of debts continued to decrease

▲ Mid-to-long-term debt ratio increased from 57.4% as at the end of 2015 to 66.4% as at June 30, 2016.▲ Average funding cost of the Group’s new debts(1) in the first half of 2016 was 3.85%.

In the first half of 2016, the Group’s operation was obviously more stable. On one hand, Fosun improved its debt structure proactively, with medium-term and long-term debt ratio increasing from 57.4% at the end of 2015 to 66.4% as at June 30, 2016. On the other hand, the Group took advantage of the low interest rate in China by issuing a total of RMB47.3 billion worth of mid-to-long-term debts with the approval from the relevant authorities. As at August 2016, RMB23.12 billion worth of mid-to-long-term debts were issued. The Group replaced the old debts of shorter duration and higher interest rates with new debts. Average cost ratio of the newly issued debts was 3.85%, which was remarkably lower than 4.65%, the average cost ratio of existing interest-bearing debts.

ACT IVELY OPT IM IZ ING DEBT STRUCTURE ,ACHIEVED A MORE SECURE & STABLE OPER AT ION

▲ Highly liquid assets(2) reached RMB150.62 billion, which increased significantly by 16.2% as compared to the end of 2015.▲ Facilitated subsidiaries and invested companies to connect to capital markets. －1 invested company was listed in A-share market and 2 invested companies were listed on the National Equities Exchange and Quotations (NEEQ)

－Fosun Pharma’s issuance of new A shares was approved by the China Securities Regulatory Commission.

Assets liquidity continued to strengthen

▲ In the first half of 2016, dividend ratio of the industrial subsidiaries for 2015 reached 41.1%.▲ Average dividend ratio of the industrial subsidiaries from 2004 to 2014 was 27.1%.

Encouraged industrial subsidiaries to maintain high dividend ratios

Issuer Bond types Issuance dateRaised funding(RMB billion)

Duration(years)

Coupon rate(%)

Jan 2016

Apr 2016

May 2016

Mar 2016

Mar 2016

Aug 2016

Jul 2016

Mar 2016

Aug 2016

Mar 2016

4.0

1.6

4.4

3.0

1.0

3.0

1.50.42

0.2

4.0

5

5

5

5

3

3

10

3

5

5

3.78

3.70

3.80

3.35

3.60

4.38

4.983.5

5.65

2.92

Fosun Pharma

Forte

Fosun HighTechnology

YuyuanHainan Mining

Sinopharm

2007 2008 2009 2010 2011 2012 2013 2014 2015 1H2016

8%

7%

6%

5% 4.65%4.97%

5.61%5.73%

4%

▲ Total approved mid-to-long-term debts were RMB47.3 billion. As at August 2016, total issued mid-to-long-term debts were RMB23.12 billion in 2016.

Notes: 1. Including bonds from public market and bank loans.2. Including available-for-sale investments and investments at fair value through profit and loss as at June 30, 2016.

▲ Attributable contracted sales was RMB10.22 billion in 2016, up 82.6% as compared to the same period last year. RMB9.98 billion was already booked.

Achieved excellent results from domestic property sales

▲ Youku Tudou - Cashed in US$249 million in total - IRR: 82%

▲ BHF - Cashed in EUR218 million in total and unlocked

EUR589 million worth of security deposit - IRR: 11.9%

▲ Lianjia - Cashed in RMB560 million in total - IRR: 50.8%

Continued to exit mature projects

In the first half of 2016, equity attributable to owners of the parent increased by 9.1% as compared to the end of 2015.

Equity attributable to owners of the parent continued to grow

RMB billion

100

50

0

11.5-year CAGR of BV = 42.02% As at June 30, 2016, majority shareholders held 71.5% of the total equity interests

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1H2016

▲ ▲

1213

Historical average funding cost of the debts

Medium-term notesCorporate bondsCorporate bonds

Corporate bonds

Corporate bondsCorporate bonds

Privately placed bondsAsset-backed securities

1617

SUSTAINED IMPROVEMENTS ON INTEGR ATED F INANCIAL CAPABIL I T I ES

1415

Cost of investable assets (2) decreased to 0.4% in the first half of 2016 from 1.4% in the first half of 2015.

Cost of investable assets decreased further, thanks to low-interest rate environment and stable underwriting profits

▲ Acquisition of H&A, a private bank in Germany, was approved by all relevant regulatory authorities and was completed on September 9, 2016. H&A will provide Chinese investors with high-end and personalized investment products and channels overseas. It will also provide advisory services on M&As to enterprises in China. The acquisition will generate synergy with Fosun’s insurance and investment businesses. Assets under H&A’s management reaches EUR8 billion. ▲ Fosun United Health Insurance Company has obtained the formal approval from the CIRC for the preparation of establishment (August 2016) It will be the sixth health insurance company in China.

Approvals obtained from key financial institutions

Investable assets(1) and profit attributable to owners of the parent from insurance business continued to grow

2015 1H201620142013

13，392

524

106,785

1,117

160,398

2,104

164,584

1,011

RMB million

Investable assetsProfits attributable to owners of the parent

1H2015

1H2016

1H2014

1.4

0.4

1.6

▲ Peak Re acquired a 50% stake in NAGICO, a leading Caribbean insurance group With the newly added investable assets of US$142 million, the acquisition will enable Peak Re to expand its business to Central America. The transaction was completed in August 2016. ▲ Ironshore’s acquisition of the remaining 80% equity interest in Lexon(3) , a surety insurance company in the U.S. Investable assets is expected to increase by US$240 million when the transaction has been completed. Ironshore has already owned 20% of Lexon’s equity interests, it has reached an agreement to acquire the remaining 80% equity interest of Lexon.

Encouraged its insurance subsidiaries to develop through complementary acquisitions

Notes: 1. Non-attributable assets. 2. Non-annualized cost. 3. The project has not been completed yet.

In the first half of 2016, Fosun Group further strengthened its integrated financial capability. Total assets of the Group’s integrated financial business segment reached RMB276.87 billion, up 16.7% from the end of 2015. Profit attributable to owners of the parent amounted to RMB3.98 billion, up 13.7% year-on-year.

RMB million Contribution amount to the Group in 1H 2016Contribution amount to the Group in 2015 or 1H 2015

Percentage of wealth, health and happiness continued to grow

Fosun believes that China’s economy will be increasingly driven by consumption. On the demand side, the most noteworthy are the desires to preserve and increase the value of household wealth and those for maintaining health and happy life of every family. These are also what families love and seek all over the world. Therefore, Fosun persistently focused its assets on B2F (Business to Family) in 2015 and invested in wealth, health and happiness segments.

As at June 30, 2016, the total assets of the wealth, health and happiness business segments reached RMB349.96 billion, up by 14.5% from the end of 2015, and accounted for 80% of the Group’s total, up from the 75% at the end of 2015. Net assets of the three business segments increased to RMB65.22 billion, significantly increased by 42.5% from the end of 2015, and accounted for 60% of the Group’s total, up from the 46% at the end of 2015. In the first half of 2016, revenue grew by 115% year-on-year to RMB28.15 billion, accounting for 86.6% of the Group’s total. Profit attributable to the owners of the parent amounted to RMB5.07 billion, up by 18.3% year-on-year and accounting for 115.4% of the Group’s total.

OUR ASSETS : FOCUSED ON THE DEMAND FOR WEALTH,HEALTH AND HAPPINESS FROM FAMIL IES

1617

Total assetsIncreased by 14.5%

305,522.5 349,958.9

2015 1H2016

Increased by 115.0% year-on-yearRevenue

13,097.9 28,154.6

1H2015 1H2016

4,283.9 5,068.9

Increased by 18.3% year-on-yearProfit attributable to owners of the parent

1H2015 1H2016

Increased by 42.5%Net assets

45,762.3 65,221.5

2015 1H2016

1819

VIGOROUSLY DEVELOPING THE L IGHT ASSET STR ATEGY &“UNICORN” STR ATEGY

Health Happiness Wealth Internet Innovative production

▲ Total investable assets in 6 insurance companies ÷ Accumulated equity investments for the Group in these 6 insurance companies = 4.48▲ The Group's gearing ratio continued to decrease

“1+1+1” strategy means: By combining the Group’s business segments of “wealth/health/happiness”+“property”+ “insurance”, the product strengths and high-earning operating capabilities of the Group’s core products from wealth, health and happiness business segments can be optimized. In addition, by involving the rapid turnover of property into the “1+1+1” strategy, the Group can have assets that generate long-term and stable income, which can better match with the Group’s long-term liabilities in insurance business.

▲ Utilize idle and cheap resources through mature products or models▲ Promote traditional industries to be integrated with mobile internet and artificial intelligence

Typical models to give birth to “Unicorn”

Five industries to give birth to “Unicorn”

▲ Focus on discovering/investing in “Unicorn” for new investments ∙VC/PE investments: We Doctor Group (formerly known as Guahao.com), etc. ∙ Greenfield investments: Mybank, Cainiao, etc. ∙ SOE reform: Sinopharm, etc. ∙ Public market investment: Focus Media, etc.▲ Facilitate the existing investments to transform into “Unicorns”, eg: Fosun Medical, Fosun Tourism, etc.▲ Transform the Group into a “Unicorn” in long-term▲ Increase cooperation with “Unicorn” enterprises

▲ Mainly focus on taking controlling stakes in insurance companies & finance institutions and help them beef up their core capital▲ Initialize funds for minor cornerstone investments▲ Very exclusive strategic greenfield projects and focus on Unicorn projects

▲ Integration of global industrial ecosystem▲ Taking controlling stakes in companies through M&A

▲ Investing in minority shareholdings▲ VC, PE, mutual funds, fund of funds, special funds, a portion of domestic PRC real estate funds

▲ Fixed income ▲ Equity interest ▲ Properties▲ Cash

Listed Industrial Companies (with controlling stakes)

Platform

Insurance Companies Platform

Funds Platform

Fosun International (Group’s Platform)

Multi-level investment platforms in help with controlling the Group's capital expenditures

Light-asset strategy of the Group plus the natural high leverage in insurance

“1+1+1” strategy

Develop “Unicorn” strategy vigorously

Case studies on C2M

Apparel manufacturing

Printing

Fitting-out

Construction & Chemical

Auto-repair

▲ Smart factory▲ Possesses mass production capacity for custom-made products. The product will be ready within 7 working days from placing an order to delivery▲ Connects the factory and consumers directly and tremendously increases efficiency and cuts costs

▲ Transaction platform for chemical products▲ Drives closed-loop transaction through closed loop of information▲ Serves suppliers and buyers in industries including chemical, pharmaceutical and new materials around the world▲ Provides closed-loop services including information, facilitation of transaction, products in stock and financing for supply-chain

▲ Provides consumers with one-stop fitting-out products and services, including fitting-out of the whole apartment, installation of furniture and electronic devices▲ Systematic management from design to production, thereby achieving standardization in production▲ Focuses on families’ residential consumption to provide in-depth services

▲ The largest E-Commerce platform for corporate printing and customized printed products in China ▲ Uses e-commerce + O2O model to upgrade the traditional supply chain for retail printing, thereby establishing a comprehensive supply chain and services network across the country▲ Provides standardized and simple process▲ Connects factories and corporate purchasers directly

▲ Customized auction platform for repairable accident-involved vehicles and second-hand vehicles▲ Business model featuring preservation of on-spot accident-involved vehicles and online auction▲ Integrating constructive total loss and auction of accident-involved vehicles to achieve all-win▲ Provides customized solution that covers preservation on on-spot accident-involved vehicles, innovative online auction model and standardized business process.

Fosun Group has actively participated in the “supply-side reform” initiated by the government and capitalized on the explosive growth of the “Customer-to-Maker” business model (“C2M”), thus bringing “Business to Business” (“B2B”) internet innovation from behind the stage to the front stage. This was aimed at building the entire ecosystem for the future. Fosun has attached great importance to the new, “C2M” business model, which is oriented to consumers. The business model enabled the upgrading of traditional service industries through investment in platforms with huge amount of data and capacity for immense data input based on mobile internet technology. It integrates the flows of logistics, information, capital and talents to restructure the commercial ecosystem, and serves as a seamless interface between customers and the providers of services and products, thus eliminating intermediaries and enhancing customer loyalty. Furthermore, the business model will enable the Group to meet diverse and personalized demands efficiently and at a low cost.

▲ Upgrading traditional manufacturing and service industries using mobile internet▲ Restructuring commercial ecosystem by integrating the flows of logistics, information, capital and talents▲ Achieving seamless interface between customers and service/product providers, thus eliminating intermediaries and enhancing customer loyalty▲ Meeting diverse and personalized demands efficiently and at a low cost

C2M Consumer-oriented new business model

C2M Platform

CustomerC 2 M Maker

Quick diagnosis, 3D printer, machine learning,cloud computing, AI

Consumers1

Set up access for huge amount of customers / immense data2

Producers/ Service Providers4

5Flows of Logistics, information, capital and talents6

Take full advantage of Fosun’s existing business operation capability and integrated financial capability to establish C2M ecosystem with industrial know-how▲ Soft manufacture/service capability▲ More focus on customer experience ▲ Direct interface with customers

▲ Set up Star Big Data

▲ Strategic cooperation with Ant Financial Services Group

▲ Invested in MY Bank, We Doctor, jiguang.cn, My Money, 8dol.com and HECOM

Dianping.com: Monthly active users are over 200 million

We Doctor: ▲ Over 110 million users registered under real names ▲ More than 200,000 experts from key hospitals ▲ Accumulated more than 500 million patients served

My Money: ▲ Accumulated registered users: over 260 million ▲ Monthly active members: over 10 million

Case studies

Design requirements and experiences3

▲ VR/AR: Usens

▲ Participants that involve in designing products and service contents

▲ Ultimate users of products and services

▲ Internet of Things: Espressif

▲ Smart logistics: Cainiao, Caigouxiongdi.com, Best Logistics, Runbow, Yundaex, ZJS Express, Fosun Sinopharm Logistics

▲ Fintech: MY Bank, Ximu, Fortune Credit, Fosunling, Yuntong Small Loan, My Money, Datebao.com, Sure and Earnest Loan Platform

▲ Big Data: Rays Data▲ AI: RoboSense

STEPPING UP EFFORTS TO BU ILD UP C2M ECOSYSTEM WITH INDUSTRIAL KNOW-HOW,FACIL I TAT ING TR ADIT IONAL ENTERPRISES TO UPGR ADE TO C2M MODEL

2021

(＃)

（＃）The project has not been completed yet.

The fundamental solution to the issues arising from different countries, industries, capital market and fluctuation of currencies is to achieve profound globalization. Fosun believes that more thorough and safer globalization depends on localization of talents and platforms and in-depth industrial specialization.

PROFOUND GLOBAL IZAT ION CENTERED ON LOCAL IZAT ION AND PROFESS IONAL ISM

There are a total of 240 MDs globally. 116 of them are based overseas, 101 are local, 7 are from emerging markets like Russia, India, Brazil, etc.

Overseas asset management platforms

Global Platforms and Offices

Asset management platform  Project name Investment amount Net lease to sales ratio

Shinagawa Seaside Park Tower, TokyoOffice building W at Harumi Island Triton Square, TokyoOffice building Y at Harumi Island Triton Square, Tokyo

Thomas More Square, LondonFixed income of Global Ports

Fixed income of Nostrum73 Miller Street, Sydney

Lloyds Chambers, LondonPalazzo Broggi, Milan

JPY20.7 billionJPY10.3 billionJPY50.0 billion

GBP0.284 billionRMB9.8717 millionRMB2.7805 million

AUD 0.112 billionGBP58.05 millionEUR0.345 billion

4.1%

4.4%

6.2%

4.6%

5.5%（ROE）

8.2%（ROE）

7.3%

11.0%

4.3%

Resolution Property

Fosun Eurasia Capital

IDERA

Overseas Self-built Platform

U.S.IronshoreGlobal specialty insurance companyMIG

BrazilRio Bravo（＃）Second largest independent asset management company in Brazil

PortugalFidelidadeLargest insurance group in Portugal

GermanyH&AOne of the largest independent private banks in Germany

Mainland ChinaFosun CapitalFosun Chuanghong, etc.

JapanIDERAFifth largest independent property asset management company in Japan

Hong KongPeak ReFosun Hani Securities

IndiaGland Pharma（＊）Leading injectable drug producer in India

U.K.Resolution Property

RussiaFosun Eurasia Capital

2223

▲ In July 2016, Fosun Pharma announced its acquisition of approximately 86.08% equity interests in Gland Pharma▲ First pharmaceutical manufacturing company in India approved by FDA of U.S. to produce injectable drugs▲ Leading cost advantage in the world▲ Custom-made R&D and manufacturing capability▲ Key product Enoxaparin is expected to be launched in the U.S.

Gland Pharma（＊）

▲ Announced the acquisition of Rio Bravo in July 2016▲ Dedicated to South American market and is the second largest independent asset management company in Brazil▲ Assets under management reaches US$2.79 billion (BRL9.895 billion)▲ Assets under management achieved an annual growth rate of 23% in the past ten years ▲ Among the top 25 pension fund customers in Brazil, 14 of them are the customers of Rio Bravo

Rio Bravo(Asset Management Platform in Brazil)(#)

(*) Currently under approval by regulatory authorities.(#) The project has not been completed yet.

(*) Currently under approval by regulatory authorities. (#) The project has not been completed yet.

To tap into the growth of Chinese middle-class families’ demand for tourism, we will integrate the high-quality tourism resources across the globe. By leveraging the sales channel resources of our invested enterprises and our profound capability of establishing the integrated tourism complexes, we can then build a synergistic tourism ecosystem with an emphasis on tourist destinations and tour programs.

Wealth

▲ United Family Healthcare and Chancheng Hospital joined with Yong’an P&C Insurance to launch special insurance products▲ Fosunling and Great China Finance Leasing jointly launched ABS products

Health▲ Fosun Insurance Portugal and Luz Saúde jointly launched healthcare management services▲ Fosun Pharma: Applied for a total of 89 pharmaceutical manufacturing and R&D patents and obtained 15 licensed patents. Of these, 9 are invention patents (including 1 U.S. patent)； Invested in U.S. daytime operations centre to explore new medical service models▲ Significant emphasis placed on following four major sectors: population aging, newborns, sub-health and tumors

Happiness▲ Club Med launched “Mini Clubs” for families and children▲ Thomas Cook launched differentiated and extensive overseas tourism products for Chinese clients

Continued optimization of product strength

Integrated resources in the ecosystem

Products and services derived from mature brands

Example: Building the tourism ecosystem

Domestic & overseas / Online & offline tourism channels Tourism destinations & tour programs

Cruises and Planes

After two years of rapid development, Fosun has completed its initial landscape of “insurance + investment” twin-driver core strategy and achieved economies of scale and good results from the strategy of “focusing on wealth, health and happiness businesses”. From 2016, the Group will endeavor to have its rating upgraded and proactively implement its light-asset and Unicorn strategies. Fosun will also more focus on its organic growth and will be devoted to integrating its existing resources in the “wealth, health and happiness” ecosystem. By leveraging new technologies including internet, Fosun will concentrate on launching products and services that astonish clients. Product strength and organic growth will be the theme of the next stage of Fosun’s development.

REF IN ING PRODUCTS & INTEGR AT ING RESOURCES IN ECOSYSTEM TO ST IMULATE OUR ORGANIC GROWTH

2425

FOSUN’S GLOBAL FOOTPRINTS

Note: The above-mentioned companies/projects include investments made by Fosun, its subsidiaries and funds under its management.(*) Currently under approval by regulatory authorities.(#) The project has not been completed yet.

St. John2013

28 Liberty2013

Studio 82014

MIG2015

Ironshore 2015

Ambrx2015

U.S.

Rio Bravo（＃）2016Brazil

2627

2015 Palazzo BroggiCaruso 2013Italy

ROC OIL2014

73 Miller Street2014Australia

Folli Follie 2011Greece

Alma Lasers2013

AHAVA2016Israel

Secret Recipe2014

Gland Pharma（＊）2016

Malaysia

India

IDERA 2014Japan

GermanyH&ATom Tailor

2015

2014

Club Med 2010France

Lloyds Chambers2013

Resolution Property2015

Thomas Cook2015

Silver Cross2015

U.K.

Cirque du Soleil2015Canada

REN2014

Fidelidade2014

Luz Saúde2014Portugal

Currently, Fosun’s businesses include two major segments, integrated finance (wealth) and industrial operations. Fosun has been making a major stride towards becoming a world-class investment group underpinned by the twin drivers of “insurance-oriented integrated financial capability” and “global industrial integration capability taking roots in China”. We keep learning from the world’s most outstanding enterprises, and flexibly apply what we have learnt to our development. Specifically, Fosun is most attracted to three models: the first one is Warren Buffett’s “insurance + investment” twin-driver core strategy; the second one is the model we learnt from GE, that is, the one that enables us to enhance productivity while reinforcing the advantages of Fosun’s industries. The third model is the culture of elite organization and partnership we should learn from Goldman Sachs.

2829

BUSINESS OVERVIEW

FOSUN BUSINESS SEGMENTS

InvestmentInsuranceIntegrated Finance (Wealth)

1,011.3

1,788.5

2,310.1

1,132.2

655.2

576.4

1H2016

1H2015

Wealth Management and Innovative Finance

RMB million

RMB million

Profit attributable to owners of the parent

Profit attributable to owners of the parent

HappinessHealthIndustrial Operations

726.9

579.2

365.4

207.6

-

-209.6

425.0

57.3

1H2016

1H2015

Steel (2)

-88.7

38.8

ResourcesProperty Development & Sales

437,714.4As at June 30, 2016, the Group’s total assets amounted to RMB million，up 7.4% from the year ended 2015.

82,656.5As at June 30, 2016, equity attributable to owners of the parent reached RMB million , up 9.1% from the year ended 2015.

4,390.6As at June 30, 2016, profit attributable to owners of the parent was RMB million , up 21.4% from 1H2015.

Notes: 1. Includes two original segments: wealth management and internet finance.

2. As Nanjing Nangang Iron & Steel United Co., Ltd. has ceased to be a subsidiary of the Company since the year end of 2015, the Group's investments in the steel industry were classified into the investment segment since January 1, 2016.

3031

Health

Resources

Property Development & Sales

HappinessInsurance

Investment

Integrated Finance (Wealth) Industrial Operations

Wealth Management and Innovative Finance (1)

Breakdown of insurance assets allocation

Fixed income investments

Equity investment

Investment property and others

Cash and cash equivalents

74.1%

10.7%

7.9%

7.3%

67.5%

12.4%

7.7%

12.4%

Contribution (%)

 RMB million Cost of investable assetsInvestable assets Total return on investmentInterest spread

(based on total return on investment)

Fosun Insurance Portugal (1)

Peak Re（2）

Pramerica Fosun Life Insurance

Yong’an P&C Insurance

Ironshore

MIG

Total (attributable figures)

2H2015

 98,374

5,929

1,903

10,856

33,138

10,199

135,101

1H2016

98,254

 6,221

2,539

11,250

35,994

10,326

138,628

1H2015

95,143

 5,527

1,327

10,201

30,546

9,664

94,466

2H2015

1.1%

-1.5%

7.5%

-1.4%

-1.2%

0.0%

0.4%

1H2016

0.7%

1.8%

5.6%

-0.1%

-0.5%

0.7%

0.4%

1H2015

1.6%

0.5%

11.3%

-0.4%

-0.8%

0.2%

1.4%

2H2015

0.9%

-5.0%

2.6%

5.0%

0.2%

1.5%

0.6%

1H2016

1.5%

-1.1%

2.1%

4.3%

2.5%

1.5%

1.7%

1H2015

3.7%

11.5%

4.9%

5.5%

1.1%

1.6%

4.0%

2H2015

-0.2%

-3.5%

-4.8%

6.4%

1.4%

1.5%

0.3%

1H2016

0.9%

-2.9%

-3.5%

4.3%

3.1%

0.8%

1.3%

1H2015

2.1%

11.0%

-6.4%

5.9%

1.9%

1.5%

2.6%

1H2016 2015

（3） （3） （3）

Attributable insurance assets classes

3233

INSUR ANCE BUSINESS GREW R APIDLY

19.93%Mainland China, P&C InsuranceYong’an P&C Insurance

84.986%Europe, General Insurance

Fosun Insurance Portugal (1)

50%Mainland China, Life Insurance

Pramerica Fosun Life Insurance

100%MIG

US, Labor Insurance

Caribbean, Property InsuranceNAGICO

50 %

（3）LexonUS, Surety Insurance

100%

8 5.1%（2）

China HK, Re-insurance

Peak Re (2)

100%US, Specialty Insurance

Ironshore

2. Shareholding in Peak Re increased to 86.93% in August 2016.3. The project has not been completed yet.

Notes: 1. Fosun Insurance Portugal comprises three insurance companies, namely Fidelidade, Multicare and Fidelidade Assistência. Fosun holds equity interests of 84.986%, 80% and 80%, respectively in the three companies.

Classic cases(Note)

INVESTMENT BUSINESSAs at June 30, 2016, IRR was 22.6% for the investment business since 2000.

RMB millionAccumulated investment cost of existing projects Value of existing projects

Profit attributable to owners of the parent from investment segment was RMB2.31 billion in 1H2016

Current year dividend/disposal proceeds

1H2015

6，308

29，691

54，541

1H2016

1,098

33,350

58，151

Investment time

1994

1998

2002

2004

2007

2008

2014

Accumulated investment cost(RMB million)

442

3,765

1,683

161

900

2,175

1,065

IRR (%)As at August 26, 2016

38

26

22

34

45

51

38

Project name

Fosun Pharma A-share

Forte

Yuyuan

Zhaojin Mining

Hainan Mining

Focus Media

Zhongshan Public Utilities

WEALTH MANAGEMENT AND INNOVATIVE FINANCE: MAPPING OUT A COMPREHENSIVE BUSINESS PORTFOLIO WITH ASSETS UNDER MANAGEMENT INCREASED STEADILYAs at June 30, 2016, profit attributable to owners of the parent from the segment of wealth management and innovative finance was RMB655 million, representing an increase of 13.7% year-on-year.

Funds under direct management of Fosun (RMB billion)2013

2014

2015

7040 50 6030

24.64

41.42

63.39

64.79

20100

1H2016

EX ITED PROJECTS

3435

▲ Securities: Fosun Hani Securities ▲ Private Bank: H&A (Germany) ▲ Domestic Capital Management Company: Fosun Capital, Fosun Chuanghong, etc.▲ Overseas Capital Management Company: IDERA (Japan), Resolution Property (U.K.), Eurasia Capital (Russia), Rio Bravo(#) (Brazil) ▲ Internet Bank: MY Bank ▲ Financial Leasing: Great China Finance Leasing ▲ Factoring Company: Shanghai Star Alliance Commercial Factoring ▲ Small Loan: Yuntong Small Loan, Guangxin Micro-credit ▲ Credit: Fortune Credit Management ▲ Finance Company: Fosun High Technology Finance Company

Wealth management and innovative finance

Total scale of third-party wealth management (under indirect management by Fosun) reached RMB77.5 billion

▲ Assets under management (AUM) of German private bank H&A was approximately EUR8 billion ▲ Assets under management (AUM) of Brazil independent asset management company Rio Bravo(#) was USD2.79 billion

▲ Cashed in a total of EUR810 million (inclusive of EUR589 million deposit and EUR218 million in sales proceeds)▲ Total profit: recorded a profit before tax of approximately EUR13 million and EUR35 million from Fidelidade and Billion Infinity, respectively▲ IRR: 11.9%

▲ Participated in the privatization of Bona▲ Sold equity interests held in Bona in October 2015 and made a profit of US$70.48 million▲ In April 2016, Bona’s privatization was completed. Fosun still holds 5.23% equity interests in its domestic entity

▲ From April 2014 to April 2016, the date of delisted, Fosun invested US$157 million in aggregate to buy a total of 9.086 million ADS. Held as much as 4.85% equity interest in Youku.com.▲ Return on investment: From April 2014 to April 2016, total profit in aggregate amounted to US$92.33 million and annualized IRR reached 82%. If calculated based on the closing price at December 31, 2015, annualized IRR was 96%.

▲ Investment amount: RMB50 million▲ Total profit: RMB510 million▲ IRR: 50.8%

Existing project portfolio

Strategic investments

33%

PE/VC/LPinvestments

22%

Secondarymarket investments

18%

Others

27%

Note: Not limited to investment segment.

(#) The project has not been completed yet.

I NDUSTRIAL OPER AT IONS

Happiness

Property Development and Sales

Resources

We operate happiness industries that suit family clients’ lifestyle principally through holding stakes in Yuyuan, Club Med, Atlantis Resort in Sanya, Studio 8, BONA, Cirque du Soleil and Thomas Cook.

We operate our property development and sales business principally through Forte, The Bund Finance Center and Resource Property. Meanwhile, we have been proactively developing our overseas property development capability through active investments and optimizing our property platform development both domestically and internationally. We have developed our industrial hive property platforms including:

▲ Sungin (senior living) ▲ Stater (logistics) ▲ Sunyu (culture and tourism)

▲ Sunvision (PPP and public amenities construction) ▲ BFC (financial)

We engage in the development and sales of natural resources business such as iron ore, petroleum and natural gas through our subsidiaries, Hainan Mining and ROC. Hainan Mining is a company listed on the Shanghai Stock Exchange, and its core business includes mining and sales of iron ore. ROC is one of the main independent upstream oil and gas companies in Australia and has established petroleum and natural gas mining businesses in China, Southeast Asia and Australia.

3637

Health

Fosun Pharma is a leading pharmaceutical and healthcare company in China listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Its main business includes pharmaceutical manufacturing, pharmaceutical distribution and retail, healthcare services, diagnosis products and medical devices. Fosun Pharma has established a leading position in the pharmaceutical distribution sector through its shareholding in Sinopharm. Starcastle Senior Living is a joint venture company established by the Group and Fortress Investment Group LLC for the purpose of developing properties for senior citizens in China. Star Healthcare is a wholly-owned subsidiary of the Group, combining the internal and external outstanding medical resources of the Group, with an aim to provide one-stop and whole-process health management service and third-party insurance service for mid- to high-end customer members.

We operate businesses of the health segment principally through our subsidiaries, Fosun Pharma and Star Healthcare as well as a joint venture, Starcastle Senior Living.

▲

▲

▲

Fosun’s industrial operations aim to step up the integration of the core platforms of listed companies and the existing assets of health and happiness segments, combine their strengths with the Group’s global investment capability, and step up efforts to become leading enterprises in China and the world by tapping the high growth in China’s market and by actively participating in the global consolidation of industries.

Fosun has started its global partnership program and is evolving into an elite organization. Every Fosuner maintains an entrepreneurial spirit and upholds Fosun’s cultural values of “Self-improvement, Teamwork, Performance and Contribution to Society”. Every Fosuner has a commitment to personal cultivation, teamwork and value creation as well as committing himself or herself to undertaking social and environmental responsibilities.

F O SUN’S TE AM

3839

THRIV ING

“Growth”

We propose “Thriving”, aiming at achieving changes in quantity from scalable growth, and also changes in quality from the intelligent & vital entity evolution. We are not only looking at growth at the various vital entities within the Fosun ecosystem, but also emphasizing on integration, the remodeling and innovation among all intelligent & vital entities, eventually contributing to establishment of a strong and robust Fosun ecosystem.

Fosun is an intelligent & vital entity, the meaning of its existence rests upon its persistent creation of value for the society, and promotion of evolution and growth within the group.

which means we focus on sustainable growth-to integrating resources and achieving organizational evolution.

which means creation of value from scratch – Fosun adheres to providing products and services that impress clients in three business segments including wealth, health and happiness, persistently creating value for clients and the society.

“Birth”

4041

Global Partnership Program

In early 2016, Fosun announced its global partnership program. Fosun expects all its

partners to always keep up their entrepreneurial spirit, always want to innovate and create, always

study, always think of new business model, and have energy, capability and plan to achieve goals.

Fosun has been an organization that never gets tired of learning. We keep learning from the world’s most

outstanding enterprises, and flexibly apply what we have learnt to our development. Specifically, Fosun is most

attracted to three models: the first one is Warren Buffett’s “insurance+investment” twin-driver core strategy; the second

one is the model we learnt from GE, the one that enables us to enhance productivity while reinforcing the advantages of Fosun’s

industries. The third model is the culture of elite organization and partnership we should learn from Goldman Sachs.

What we expected to our partners, first, the global partners of Fosun are just like entrepreneurs. They have got to have such entrepreneurial

spirit and continuously operate the businesses with it. An entrepreneur must be that type of people who will try again and again to achieve the

goal no matter what difficulties he would meet. Meanwhile, our global partners should be versatile players, they should have expertise and spirit,

understand and know each business segment of Fosun very well, have the capacity of quick learning and promote adaptability in management, core

business operation (such as insurance), product enhancement, etc.

The global partners of Fosun must also have a consistent set of value propositions, who sincerely recognize the mission and vision of Fosun from the most inner parts

of the mind. We have to communicate frankly, we have to try our best in learning, and we have to achieve evolution on our own. We ask our partners to constantly

think of innovating, creating, and learning. They have to think of new business models continuously, whilst having the ability and energy to implement them.

The global partnership of Fosun is a management tool with visions and thinking, which can be demonstrated at every level. The partners are not engaged on permanent basis,

and cannot be ranked in terms of seniority. Those who fail to meet the standard must withdraw. First of all, it is a culture, and ultimately it becomes a form of motivation. It is

complementary to the global partnership program. The evolution of our organization is based on projects, with the aim of becoming an elite organization that is comprehensive, efficient and

flat. We must take full advantage of mobile internet technology to further reduce the hierarchy of the organization system so that it is becoming more and more efficient. Therefore we have developed the

“Fosunlink”. We hope all our members of Fosun Family can create a transparent network structure on “Fosunlink” that covers the world with the fastest speed of response mapping our organization.

ORGANIZATIONAL EVOLUTION & TALENT DEVELOPMENT STRATEGY

Every Fosuner must sincerely recognize the cultural values of Fosun from the most inner parts of his or her mind. Every Fosuner should maintain an entrepreneurial spirit and uphold Fosun’s cultural values of “Self-improvement, Teamwork, Performance and Contribution to Society”. Every Fosuner should have a commitment to personal cultivation, teamwork and value creation as well as committing himself or herself to undertaking social and environmental responsibilities.

Upholding Fosun’s Cultural Values

Fosun will be the only platform, with each business segment serving as a “battle force” with specific functionality. Those “battle forces” share the middle and back offices, and their clients’ data, IT system and data entries are in a unified and accessible format at the Group level. The combination of such competent, agile front-line teams and the unified middle and back offices allows Fosun to adapt itself promptly to changes. Leveraging mobile internet technology, the middle office and the back office of Fosun will be refined and assembled. This is not to turn the personnel at middle and back offices into a group of bureaucrats who are far removed from the battle, but to make them a part of the battle force, embed them who have been engaged in the operation process into the business process, support the staff at “the front” with “bullets” and “firepower” at all time. Meanwhile, our staff in “the front” should be more compact, flexible and agile.

Fosun’s “One Platform” Organizational Structure

4243

Note: The term “partners” under Fosun’s global partnership program refers to the core management of the Group, which is different from the legal concept of “partners” under partnership.

Flattened organizational structure: Adapting “small organization – big group” global structure to the internet environment

▲ Multiple small but flexible organizational forms to quickly response to market changes▲ Project-oriented, efficient, flattened, networked elite organization▲ Middle and back offices are assembled in business operations to provide strong and systematic support▲ Localization

Global partners

▲ Purposes on global partnership ▲ Optimizing age structure ▲ Including overseas members ▲ Localization

▲ Further enhancing globalized multi-level partnership program▲ Benefit-/risk-sharing mechanisms for investment and operations talent in all levels: “Red-Yellow-Green Light” system for co-investment, operating optimization and post-investment management

ORGANIZAT IONAL EVOLUT ION &TALENT DEVELOPMENT STR ATEGY

Localized MD team

America New York

FrankfurtLondon

Paris

Lisbon

Zurich

Representative offices Emerging markets

Sydney

Moscow

Mumbai

TokyoMilan

Sao Paulo

Mainland China

Hong Kong

Brazil

Japan

Singapore

Russia

United Kingdom Germany

India

Australia

Portugal

Requirements on entrepreneurial status

Entrepreneurial state: always willing to innovate and create, always study, always contemplating new business model, and have energy, capability and plan to reach goals.

Partners Sustained Entrepreneurial State

Enter and withdraw system for partners Devoted to the culture and values of Fosun

Regulation and incentive plan Share benefits and risks

Multi-level Globalized

4445

There are a total of 240 MDs globally. 116 of them are based overseas, 101 are local, 7 are from emerging markets like Russia, India, Brazil, etc.

Fosun takes its staff force as assets of the highest value. The Group therefore attaches unparalleled importance to the sustainable development and nurturing of talents. To help implement the Group’s corporate strategy and uphold its corporate culture, Fosun encourages its staff to develop their personal skills and improve their performance, thereby enabling its staff to grow with the Company.

Our visions:Creating Fosun’s own “Whampoa Military Academy” by cultivating a remarkable workforce mainly comprising entrepreneurs. Our workforce is required to meet international standards and possess world-class expertise to meet the development needs of the Group swiftly, thereby enhancing Fosun’s global competitiveness and influence.

"A single spark can start a prairie fire"We hope to groom each and every employee of Fosun into a dazzling star—A flame as we gather, and stars as we scatter.

A COMPREHENSIVE LEARNING & DEVELOPMENT SYSTEM:FOSUN MANAGEMENT INST ITUTE

FOSUN: EMPHASIS ON TALENTS

Leadership Development Program

Management Excellence Program

Young Leaders’ Program

Fo-Star Program

Insurance Finance WealthMobile Internet

Fosun Forum

Fosun Integration

Lunch Sharing Session Series

Learning Map

Happiness GlobalizationHealth

Through a talent supply chain system combining introduction of external talents and development of internal talents, we have collaborated a pool of leading talents in various industries. We care about the development of entrepreneurs and strive to establish an investment management team that recognizes Fosun’ s corporate culture and entrepreneurship.

In the past over 20 years, we insisted on:

Attract Deploy Develop Retain

Attracting talents through career development

Evaluating talents through their performance

Developing talents through their works

Building our team through a common cause

4647

Investment

Professional Skills

Learning Developm

ent

Finance & audit

Hum

an resources

Others

As a responsible global investment group, Fosun promotes philanthropy in the world, shouldering social responsibilities while pursuing economic development. Fosun also shares the fruitful results of development with its staff, partners and the community. It is Fosun’s incumbent corporate social responsibility to fulfill its corporate commitment in practice: contributing its efforts to improve the business and natural environments of China as well as supporting the rejuvenation of the Chinese economy and culture.

FOSUN ’S PURSUIT

4849

4041AWARDS & RECOGNIT ION

Feb2015

2016

▲ Fosun International received the “Best Investor Relations Award” in the 2015 Asian Excellence Awards by Corporate Governance Asia.

Since its establishment, Fosun has always been grateful for the support it received while sharing the fruitful results with our staff and communities. Fosun has been contributing to education, helping disaster victims, and also encouraging the youth to set up business and supporting the growth of micro and small enterprises through charitable and innovative activities.

Fosun cares about the natural environment and has taken an important role in promoting positive and sustainable development of society for years, thereby creating a harmonious business atmosphere with other corporations to jointly establish a new business environment.

Chinese culture has a long history and a profound foundation. Fosun constantly works on the inheritance of traditional Chinese culture and participates in culture exchange with foreign countries, from promoting Taichi, woodcarving art to Shanghai Symphony Orchestra. Fosun is strongly supportive of the rejuvenation of the Chinese economy and culture as its goal and mission.

FACIL I TAT ING THE REJUVENAT ION OF CHINESE ECONOMY AND CULTURE

Liang Xinjun, Vice Chairman and CEO of the Group, received the “2014 Achievement Awards – Capital Markets Person of the Year” by FinanceAsia.

Aug In the list of “50 Most Influential Individuals of the Portuguese Economy in 2015” by the Portuguese mainstream media Jornal de Negócios, Guo Guangchang, Chairman of the Group, was ranked 30th in the list.

Mar Wang Qunbin, Executive Director and President of Fosun International, was listed in the “Hot 100 List in 2016” by the American Insurance Business magazine, in recognition of his contribution to the insurance market.

AprThe Third Annual China Cross-Border Investment and M&A Summit as well as the Second Annual Golden Whistle Awards Ceremony were held in Shanghai. As a result of its successful merger with Canadian company Cirque du Soleil, Fosun Group received the honor of ranking amongst the “Golden Whistle Top 10 Chinese Buyers”.

May Fosun International was ranked 434th on the “Forbes Global 2000” for 2016, published by the American Forbes Magazine, up 102 places from 2015, while also ranking 47th amongst all Chinese enterprises. This also marks the first time that Fosun has ranked among the top 500 global companies.

Aug Fosun International won recognition in the Investment Holding Company category of the ARC Awards International with its “Letter to Shareholders for 2015”.

▲ Guo Guangchang, Chairman of the Group, has been appointed as Chairman of the “Federation of Entrepreneurs from China and Portuguese-speaking Countries – China Committee” by China Chamber of International Commerce.

▲ Fosun International was ranked 28th on the “Most Acclaimed Chinese Companies for 2016” by Fortune China.

Jul Fosun International ranked 73rd and 63rd on the “Top 500 Companies in China in 2016” in terms of operating revenue and profit, respectively, published by Fortune China.

Oct

Sep

▲ Liang Xinjun, Vice Chairman and CEO of Fosun International, honored as “China Top 50 Business Pioneers” by Fortune China.▲ At the “GoforIsrael – The 16th China-Israel Investment Summit”, Fosun Group was awarded the “GoforIsrael Investor Achievement Prize”. ▲ Fosun Group received two awards at the 8th Annual M&A Atlas Awards for global mergers and acquisitions: “Asia Pacific Private Equity Firm of the Year” and “Global Entertainment & Media Deal of the Year”.

Apr▲ Fosun International received the “Award of the Best M&A Enterprise in the Insurance Industry of the Greater China Region in 2014” by the Institutional Investor magazine.

Nov Guo Guangchang, Chairman of the Group, honored as the “Figure of the Year 2015 in Portugal” by Portuguese-Chinese Chamber of Commerce & Industry.

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Dec▲ Liang Xinjun, Vice Chairman and CEO of the Group, was appointed as a Chinese Representative Designate of Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC).

▲ Guo Guangchang, Chairman of the Group, was recognized as the “2015 Most Influential Corporate Leaders in China” at the “2015 China Entrepreneur Summit and China Entrepreneur 30th Annual Awarding Ceremony”.

Disclaimer:

This corporate brochure shall not be deemed as information disclosure and investment recommendation by Fosun. Companies/projects mentioned in this

corporate brochure include investments made by Fosun, its subsidiaries and funds under its management. As such, some companies/projects mentioned

in this corporate brochure are not among the listed arm of Fosun. Investors are advised to refer to Fosun’s public announcements and annual reports for

all relevant information solely regarding the listed company.

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