22 February 2019

Hang Seng Indexes Announces Index Review Results

Hang Seng Indexes Company Limited (“Hang Seng Indexes”) today announced the
results of its review of the Hang Seng Family of Indexes for the quarter ended 31
December 2018. All changes will take effect on 11 March 2019 (Monday).

1. Hang Seng Index

The following constituent changes will be made to the Hang Seng Index. The total number
of constituents is fixed at 50.

Inclusion:
Code Company
669 Techtronic Industries Co. Ltd.

Removal:
Code Company
836 China Resources Power Holdings Co. Ltd.

The list of constituents is provided in Appendix 1.

2. Hang Seng China Enterprises Index

The following constituent changes will be made to the Hang Seng China Enterprises Index.
The total number of constituents is fixed at 50.

Inclusion:
Code Company
3323 China National Building Material Co. Ltd. - H Shares

Removal:
Code Company
6060 ZhongAn Online P & C Insurance Co., Ltd. - H Shares

The list of constituents is provided in Appendix 2.

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Hang Seng Indexes Announces Index Review Results/ 2

3. Hang Seng Composite LargeCap & MidCap Index

The following constituent changes will be made to the Hang Seng Composite LargeCap
& MidCap Index. The total number of constituents will decrease from 307 to 304.

Inclusion:
Code Company
268 Kingdee International Software Group Co. Ltd.
467 United Energy Group Ltd.
612 China Ding Yi Feng Holdings Ltd.
691 China Shanshui Cement Group Ltd.
780 Tongcheng-Elong Holdings Ltd.
1992 Fosun Tourism Group
2005 SSY Group Ltd.
2331 Li Ning Co. Ltd.
2869 Greentown Service Group Co. Ltd.
2888 Standard Chartered PLC
3633 Zhongyu Gas Holdings Ltd.

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Removal:
Code Company
54 Hopewell Holdings Ltd.
242 Shun Tak Holdings Ltd.
315 SmarTone Telecommunications Holdings Ltd.
316 Orient Overseas (International) Ltd.
439 KuangChi Science Ltd.
698 Tongda Group Holdings Ltd.
737 Hopewell Highway Infrastructure Ltd.
751 Skyworth Digital Holdings Ltd.
777 NetDragon Websoft Holdings Ltd.
934 Sinopec Kantons Holdings Ltd.
1282 China Goldjoy Group Ltd.
1293 Grand Baoxin Auto Group Ltd.
1919 COSCO SHIPPING Holdings Co., Ltd. - H Shares
2048 E-House (China) Enterprise Holdings Ltd.

The complete review results of the Hang Seng Composite Index and its sub-indexes have
been released in a separate index notice.

4. Hang Seng Stock Connect China AH Index Series

The following constituent changes will be made to the Hang Seng Stock Connect China
AH Index Series. The total number of constituent companies will decrease from 71 to 64.

Inclusion:
Code
Company
HK Share A Share
1339 601319 The People's Insurance Co. (Group) of China Ltd.
1772 002460 Ganfeng Lithium Co., Ltd.
1787 600547 Shandong Gold Mining Co., Ltd.
2359 603259 WuXi AppTec Co., Ltd.
6869 601869 Yangtze Optical Fibre and Cable Joint Stock Ltd. Co.

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Removal:
Code
Company
HK Share A Share
525 601333 Guangshen Railway Co. Ltd.
921 000921 Hisense Home Appliances Group Co., Ltd.
991 601991 Datang International Power Generation Co., Ltd.
1157 000157 Zoomlion Heavy Industry Science and Technology Co., Ltd
1528 601828 Red Star Macalline Group Corporation Ltd.
1618 601618 Metallurgical Corporation of China Ltd.
1812 000488 Shandong Chenming Paper Holdings Ltd.
2611 601211 Guotai Junan Securities Co., Ltd.
2727 601727 Shanghai Electric Group Co. Ltd.
2866 601866 COSCO SHIPPING Development Co., Ltd.
3958 600958 Orient Securities Co. Ltd.
6099 600999 China Merchants Securities Co., Ltd.

5. Hang Seng China 50 Index

The following constituent changes will be made to the Hang Seng China 50 Index. The
total number of constituent companies is fixed at 50.

Inclusion:
Code
Company
HK Share A Share
- 601360 360 Security Technology, Inc.

Removal:
Code
Company
HK Share A Share
1336 601336 New China Life Insurance Co., Ltd.

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Hang Seng Indexes Announces Index Review Results/ 5

6. Other Benchmark & Thematic Indexes

The Benchmark and Thematic Indexes in the Hang Seng Family of Indexes were also part
of the index review.

The review results of the Benchmark Indexes and Thematic Indexes have been released
in a separate index notice.

About Hang Seng Indexes Company Limited

The Hang Seng Family of Indexes is managed and compiled by Hang Seng Indexes Company Limited
(formerly HSI Services Limited), which is a wholly-owned subsidiary of Hang Seng Bank. The Hang Seng
Family of Indexes comprises a wide range of Flagship, Benchmark, Thematic, Strategy and Bond indexes
that cover stocks/bonds listed in Hong Kong/mainland China markets. For further information on the Hang
Seng Family of Indexes, please visit the company's website at www.hsi.com.hk.

About HSI Advisory Committee

Hang Seng Indexes Company Limited has appointed an independent advisory committee which meets
regularly to discuss matters pertaining to the indexes, including changes of constituents and the launch of
new indexes.

About Index Reviews

Hang Seng Indexes Company Limited conducts regular reviews of indexes in the Hang Seng Family of
Indexes. The review frequency of each index is on a quarterly, half-yearly or annual basis according to its
index methodology. Reviews will usually be completed within eight weeks after each calendar quarter-end.

# End #
 Appendix 1
Hang Seng Index
Constituent Change (Effective 11 March 2019)
ADD REMOVE
Code Company Name Code Company Name
669 TECHTRONIC IND 836 CHINA RES POWER

Index Information
Number of Constituents (Effective 11 March 2019): 50
Market Value Coverage Ratio* (As at 31 December 2018): 57.9%
Turnover Coverage Ratio* (Fourth Quarter of 2018): 58.7%

* The universe comprises Main Board primary listings excluding foreign companies

Constituent List (Assuming the constituent changes had been effective on 20 February 2019)
Weighting (%) *
Code Company Name FAF (%)^
Before After **
Finance 47.82 48.02
5 HSBC HOLDINGS 100 9.27 10.00
1299 AIA 100 9.77 9.64
939 CCB (H) 45 7.96 7.85
2318 PING AN (H) 75 4.70 4.63
1398 ICBC (H) 85 4.67 4.61
388 HKEX 95 3.30 3.25
3988 BANK OF CHINA (H) 95 3.05 3.01
2628 CHINA LIFE (H) 100 1.64 1.62
11 HANG SENG BANK 40 1.54 1.52
2388 BOC HONG KONG 35 1.30 1.28
3328 BANKCOMM (H) 25 0.61 0.61
Utilities 5.27 4.87
2 CLP HOLDINGS 75 1.94 1.91
3 HK & CHINA GAS 60 1.76 1.74
6 POWER ASSETS 65 0.79 0.78
1038 CKI HOLDINGS 25 0.45 0.45
836 CHINA RES POWER 40 0.33 -
Properties 11.53 11.38
823 LINK REIT 100 2.03 2.00
1113 CK ASSET 70 1.83 1.80
16 SHK PPT 40 1.66 1.64
688 CHINA OVERSEAS 35 1.18 1.16
1109 CHINA RES LAND 40 0.89 0.87
2007 COUNTRY GARDEN 35 0.85 0.84
17 NEW WORLD DEV 60 0.85 0.84
1997 WHARF REIC 40 0.73 0.72
12 HENDERSON LAND 30 0.63 0.62
83 SINO LAND 45 0.47 0.48
101 HANG LUNG PPT 45 0.41 0.40
Commerce & Industry 35.39 35.73
700 TENCENT 65 9.93 10.00
941 CHINA MOBILE 30 5.43 5.35
883 CNOOC 40 2.66 2.62
1 CKH HOLDINGS 70 2.37 2.34
386 SINOPEC CORP (H) 100 1.84 1.82
#
27 GALAXY ENT 50 1.39 1.25
857 PETROCHINA (H) 100 1.19 1.18
1928 SANDS CHINA LTD 30 0.97 0.96
66 MTR CORPORATION 30 0.87 0.87
175 GEELY AUTO 60 0.86 0.85
2313 SHENZHOU INTL 50 0.79 0.77
2319 MENGNIU DAIRY 70 0.76 0.75
669 TECHTRONIC IND 80 - 0.73
267 CITIC 20 0.74 0.73
288 WH GROUP 60 0.70 0.69
1088 CHINA SHENHUA (H) 100 0.70 0.69
2382 SUNNY OPTICAL 65 0.69 0.68
1093 CSPC PHARMA 75 0.64 0.63
762 CHINA UNICOM 20 0.61 0.61
19 SWIRE PACIFIC A 55 0.49 0.48
1044 HENGAN INT'L 60 0.48 0.47
1177 SINO BIOPHARM 55 0.48 0.47
2018 AAC TECH 60 0.41 0.40
151 WANT WANT CHINA 45 0.39 0.39
Total 100.00 100.00
^
FAF is subject to change resulted from substantial capital change issues.
* Figures may not add up to totals due to rounding.
** The weighting changes reflect a re-capping of HSBC and TENCENT to 10%, and changes in FAF.
# FAF changed in this review. New FAF will take effect on 11 March 2019.
(H): H-share company
 Appendix 2
Hang Seng China Enterprises Index

Constituent Change (Effective 11 March 2019)

ADD REMOVE
Code Company Name Code Company Name
3323 CNBM 6060 ZA ONLINE

Constituent List (Assuming the constituent changes had been effective on 20 February 2019)
Weighting (%) *
Code Company Name FAF (%)^
Before After **
H-shares 73.78 67.39
939 CCB 45 9.81 10.00
2318 PING AN 75 9.43 8.41
1398 ICBC 85 9.38 8.37
3988 BANK OF CHINA 95 6.13 5.47
386 SINOPEC CORP 100 3.70 3.31
2628 CHINA LIFE 100 3.29 2.93
3968 CM BANK 85 2.89 2.58
857 PETROCHINA 100 2.39 2.14
1288 ABC 90 2.20 1.96
788 CHINA TOWER 95 1.82 1.62
2601 CPIC 95 1.67 1.49
1088 CHINA SHENHUA 100 1.40 1.25
728 CHINA TELECOM 100 # 1.23 1.16
2328 PICC P&C 100 1.29 1.15
3328 BANKCOMM 25 1.23 1.10
914 CONCH CEMENT 95 1.18 1.05
998 CITIC BANK 65 1.04 0.93
1658 PSBC 50 1.02 0.91
1099 SINOPHARM 100 0.86 0.77
1988 MINSHENG BANK 80 0.86 0.76
1800 CHINA COMM CONS 100 0.80 0.72
2202 CHINA VANKE 95 0.80 0.71
1766 CRRC 100 0.76 0.68
6030 CITIC SEC 85 0.76 0.68
1211 BYD COMPANY 70 0.69 0.62
390 CHINA RAILWAY 95 0.66 0.59
6837 HAITONG SEC 90 0.65 0.58
1336 NCI 80 0.63 0.56
2238 GAC GROUP 95 0.57 0.51
6886 HTSC 95 0.56 0.50
1339 PICC GROUP 85 0.54 0.48
3323 CNBM 100 - 0.48
489 DONGFENG GROUP 95 0.49 0.44
1816 CGN POWER 95 0.48 0.42
1359 CHINA CINDA 65 0.43 0.38
902 HUANENG POWER 80 # 0.43 0.36
2333 GREATWALL MOTOR 100 0.40 0.35
1776 GF SEC 85 # 0.40 0.34
2799 CHINA HUARONG 40 0.36 0.32
753 AIR CHINA 45 0.35 0.31
6060 ZA ONLINE - 0.21 -
Red-chips & P-chips 26.22 32.61
700 TENCENT 65 8.05 10.00
941 CHINA MOBILE 30 7.81 9.72
883 CNOOC 40 3.82 4.76
1109 CHINA RES LAND 40 1.27 1.59
2313 SHENZHOU INTL 50 1.13 1.41
267 CITIC 20 1.06 1.32
1093 CSPC PHARMA 75 0.93 1.15
384 CHINA GAS HOLD 35 0.77 0.96
1044 HENGAN INT'L 60 0.69 0.86
270 GUANGDONG INV 45 0.69 0.86
Total 100.00 100.00
Total number of constituents: 50

^
FAF is subject to change resulted from substantial capital change issues.
*
Figures may not add up to totals due to rounding.
**
The weighting changes reflect a re-capping of CCB and Tencent to 10%, and changes in FAF.
# FAF changed in this review. New FAF will take effect on 11 March 2019.