Hanwha Profile 2017

A “We listen and engage our end users to envision the solution our customers trust us to build.”

Contents Seung Youn Kim 02 chairman’s message

06 Business Highlights 08 Chemicals & Materials 18 Aerospace & Mechatronics 26 Solar Energy 34 Finance 44 Services & Leisure 52 Construction

60 Hanwha overview 62 Our Vision, Spirit & Core Values 64 Hanwha Today 66 Milestones 68 Financial Highlights

70 Hanwha businesses 73 Manufacturing & Construction 91 Finance 97 Services & Leisure

104 corporate Social Responsibility

112 global network & directory

B 1 Chairman’s Message

At Hanwha, we continue to grow by building on trust and loyalty—the basis of our relationship with customers. At the same time, we’re staying committed to our vision to improve the quality of life for everyone whose lives we touch. We’re doing both to provide our customers with the highest possible value while building sustainable returns for our partners.

Our businesses in advanced chemicals, sustainable energy, aerospace, and financial services have been providing practical solutions to real-world challenges. In 2016, both our solutions along with the results of our investments in future businesses and advanced infrastructure have led to record revenues of more than USD 53.89 billion and resulted in more than USD 150.25 billion in assets. We also rose 50 places higher on the Fortune Global 500 Company list and still stayed highly competitive in every industry. Our success can be attributed to our strategic response to rapid changes in customer needs, markets and industries. So when we saw change, we changed. We innovated and pivoted to develop differentiated solutions that were one step ahead. Hence, the results last year have been unprecedented.

In 2016, Hanwha’s chemical sector has developed environmentally friendly plasticizers and supplied parts for electric vehicles to GM. We improved economies of scale and became even more cost-competitive at our EVA production facility that is No. 1 in the world. And our lightweight composite materials for automobiles now hold 70 percent of the global market share.

2 3 In sustainable energy, we’ve been meeting the challenges of climate change head-on We will continue our investments in energy, Fintech-based businesses, and the next industrial by increasing renewable energy efficiencies and capabilities of core cell and module revolution. We will seamlessly connect people, digital networks, and machines across all technologies. In the first quarter of 2018, we will have achieved the world's largest 8GW cell disciplines, economies, and environments. production capacity, and have already been recognized by EuPD Research's Top Brand PV Seal across three continents. And in the later part of 2016, Hanwha planted its sixth Solar We will execute our strategies to pursue overseas market expansions with localization Forest to combat deforestation in China. strategies and our competitiveness. We’re not only expanding into key emerging markets but also growing in them as the leader. In aerospace, we won supply contracts for aircraft engine parts for the second year, totaling more than USD 12 billion. We established a dedicated production line that leverages the The world is now in a state of uncertainty—changes are accelerated by technology and industrial Internet to produce much higher product quality and manufacturing efficiency. environmental changes are alarming. Our businesses are prepared to weather these challenges and even excel, despite them. And as we do, we won’t lose sight of our In financial services,Hanwha ranked first in size and second in new contract premiums responsibilities as corporate citizens. Most recently, we’ve provided free solar energy to social among 15 overseas insurers in Zhejiang Province in 2016. In Korea, we completed an welfare, education, and public facilities in South Korea, China, the US, and Europe. We also advanced customer management system that harnesses Big Data and AI efficiencies. And provided a student educational program to help young people understand the environment we participated in a $100 million Series A funding round of a world-renowned artificial and become ecologically sensitive. We are now installing dynamic energy capabilities on intelligence startup. every continent and socially contributing to the culture and the arts. Worldwide, wherever our businesses are, we are investing in the communities around them and boosting their local These achievements in 2016 assures us of what we must do going forward. economies.

Going forward, Hanwha businesses will focus on improving product quality and capacity We are working hard to seek stability and innovation today while taking on the challenges for with cutting-edge technology and environmentally friendly materials to reach the levels growth tomorrow. Join us. that will lead the global markets.

We will continue to meet the changing needs of customers globally and meet their growing demands. In today’s age of super-connectivity, diverse products and digital convergent

solutions are necessities. Chairman Seung Youn Kim

4 5 Business Highlights

At Hanwha, we partner with our customers. We listen first and then create solutions. Our expertise and approach are guided by deep understanding of customer needs that we apply to products and services that are changing how the world works, lives, and plays.

6 7 Seek Find

WE SEEK NEW TECHNOLOGIES SO YOU CAN FIND NEW APPLICATIONS.

8 9 Working in Synergy to Enhance Competitiveness From refining and basic chemicals to synthetic fuel and advanced materials, Hanwha’s integrated portfolio impacts a wide range of industries, including automotive, electronics, and solar energy. By integrating the company’s R&D, in-house supply chain, and manufacturing facilities toward a common vision, Hanwha CHEMICALS is better able to pursue continuous Energy innovation and new growth areas, while (oil refining) Jet fuel, diesel fuel, gasoline, LPG Hanwha & MATERIALS controlling costs. Petrochemical VALUE-ADDED INTEGRATION

Hanwha researchers are leaders in their fields and passionate about innovating BASIC PETROCHEMICALS Ethylene, propylene Hanwha Petrochemical and exploring new ways to produce butadiene, aromatics petrochemicals and advanced materials so naphtha our customers can push the limits of what is possible in automotive engineering, solar energy, nanotechnology, and other fields. For example, our breakthrough process for producing the synthetic resin EVA is allowing Synthetic resins and CHLOR-ALKALI companies to manufacture solar cells with synthetic materials PRODUCTS Hanwha Petrochemical PE, PP, EVA higher purity, transparency, and efficiency at Caustic soda, chlorine Hanwha Chemical Hanwha Chemical PE, PVC EDC, VCM PTA lower costs. Hanwha General Chemical ECH, TDI

In the automotive industry, our revolutionary lightweight composite materials are prized for their durability and flexibility—comparable Advanced materials to steel in strength but with 20-25 percent Hanwha Advanced Materials Advanced lightweight composite materials for auto parts less mass. This means cars can weigh less but Electronics materials perform better. These and other innovations Solar materials provide greater value for our customers and attract partnership opportunities for Hanwha worldwide.

10 11 PETROCHEMICAl A Leader In South Korea

Hanwha continues to maintain its leadership position in South Korea’s petrochemical sector with total sales of USD 16.37 billion.

ETHYLENE No.1 In South Korea

With an ethylene production capacity of 3.04 million tons, Hanwha now ranks first in Korea and ninth worldwide in this important market.

Hanwha Petrochemical’s Daesan Petrochemical Complex 12 13 W&C Compound World-Class Innovation

After acquiring W&C compound, an innovative polyethylene synthetic resin, for the South Korean market, Hanwha had, in effect, freed the South Korean manufacturers from their dependence on imported resins for power transmissions and distribution cables.

EVA PTA No.1 No.1 Worldwide In South Korea

Hanwha has an ethylene vinyl With a purified terephthalic acid (PTA) acetate (EVA) production capacity production capacity of more than of 660,000 tons, the largest of any two million tons per year, Hanwha ranks company in the world. No. 1 in the domestic PTA market.

14 15 AUTOMOTIVE THERMOPLASTICS 70% Global Market Share

Hanwha StrongLite and SuperLite products now account for 70 percent of the global market in GMT (glass fiber mat thermoplastics) and LWRT (low weight reinforced thermoplastics) technologies.

R&D Growth Engines

Hanwha research and development is focusing on growth areas for the future, including new chemical products, automotive parts development, materials and applications.

16 17 QUESTIONS ANSWERS

HERE ARE ANSWERS TO SOME QUESTIONS YOU MAY HAVE AS WE LOOK TO THE FUTURE.

18 19 Leading in Innovation and Expertise We are the only company in South Korea with advanced aircraft engine technology. And through our innovations and industrial TOTAL SOLUTION PROVIDER IN AEROSPACE & MECHATRONICS expertise, Hanwha is becoming a global force in the aerospace and mechatronics industries with outstanding technologies for radars, optronics, avionics, and unmanned control systems.

AEROSPACE & Aerospace Flight control actuators, Hanwha Corporation aerospace hydraulics Machinery Division MECHATRONICS systems and fuel systems

Aircraft engines Hanwha Techwin

Avionics Hanwha Systems From here on earth to the skies above, mechatronics Hanwha is developing world-class products Hanwha Techwin Video surveillance systems (video in aerospace and mechatronics to help surveillance equipment, integrated management solution, intelligent video corporations and governments meet their analysis solution) future needs in manufacturing, commerce, Collaborative robots security, and travel. And we continue to pursue Hanwha Precision Machinery Industrial equipment (chip mounters, technological partnerships with other leading screen printers, semiconductor flip chip companies to develop solutions that satisfy mounters, 3D inspection machines) Total solutions of SMT production customers around the globe. Explosives Commercial explosives Hanwha Corporation Mining services Hanwha Power Systems Industrial air and gas compressor Gas turbine package Power generation system

Hanwha Corporation Automation equipment, engine/ Machinery Division transmission assembly line Solar cell and module manufacturing equipment, heat treatment furnace CNC automatic lathes, automotive parts

20 21 AEROSPACE USD 12 Billion Hanwha Techwin has secured aerospace contracts worth nearly USD 12 billion in the past two years by partnering with global aviation engine companies such as Pratt & Whitney, GE, and Rolls-Royce. We also signed an agreement with United Technologies International Corporation-Asia Private Limited (Pratt & Whitney subsidiary) to acquire a 30 percent equity interest in P&W NGPF Manufacturing Company Singapore Pte. Ltd. The plan is to manufacture hybrid metallic fan blade parts and high-pressure turbine disks for engines.

Hanwha Techwin’s aircraft engine production site 22 23 ELECTRONICS C4I Innovation

By leveraging our strategic alliances and building unique technologies in MACHINERY command, control, communication, computer, and intelligence (C4I), Hanwha Systems is bringing Expertise innovative solutions to global markets. Leads to Growth

With more than a half-century of experience in the global mechatronics industry, Hanwha continues to develop innovative technologies that help customers improve productivity and efficiency.

SECURITY Innovative CCTV Solutions

Hanwha Techwin provides total security solutions that include world-class CCTVs, video recorders, and a wide range of security devices. We’re also becoming a technology leader by building integrated network control systems that harness the latest advancements in Big Data and the Internet of Things.

24 25 Tomorrow Today

WE INVEST IN THE POWER OF TOMORROW SO YOU CAN MEET THE ENERGY DEMANDS OF TODAY.

26 27 Accelerating Energy Sustainability Hanwha has built an integrated solar value chain that includes the production of ingots, wafers, cells, and modules to downstream development, operations, and financing. We are also actively promoting solar energy business in Japan, Europe, the US, and emerging markets.

SOLAR ENERGY Polysilicon Hanwha Chemical INTEGRATED SOLAR VALUE CHAIN

Manufacturing Hanwha Corporation Equipment Machinery Division With global-level capacity and top-quality solar products and services, Hanwha has rapidly become one of the most trusted names in the solar industry worldwide. We are at the Hanwha Q CELLS Ingots · Wafers forefront of innovation in the solar energy sector, with sustainable solutions designed to Cells address the global energy challenges of today Modules and tomorrow.

EPC Hanwha Q CELLS Hanwha Advanced Materials EVA sheet / Back sheet

OVERSEAS PROJECT Hanwha Energy DEVELOPMENT

O&M

DOMESTIC PROJECT Hanwha Solar Power DEVELOPMENT

28 29 SOLAR CELLS & MODULES Technology Leader

Hanwha Q CELLS’ proprietary Q.ANTUM solar cells significantly reduce energy consumption by utilizing PERC (passivated emitter rear contact) architecture. In 2016, the company achieved a record-breaking 19.5 percent efficiency rating with its multicrystalline solar module, the first module of its size to break the 300-watt barrier. In addition, Q.PRO-G2 modules were rated the No. 1 polycrystalline solar modules using the 2013 and 2014 PHOTON module yield measurement test. In June 2017, Hanwha Q CELLS succeeded in mass-producing 1 billion (5GW) Q.ANTUM solar cells. Hanwha Q CELLS is ranked among the best by installers, winning the Top Brand PV Seal 2017 from EuPD Research for the fourth time in a row in Europe and the second time in Australia. EuPD Research also ranked Hanwha Q CELLS as the top module manufacturer in the US for the first time in 2016.

SOLAR RESEARCH & SALES 40+ Countries

Hanwha has state-of-the-art solar energy R&D centers in Germany, South Korea, China, and Malaysia. Its marketing and sales operations are in more than 40 countries throughout Europe, Asia, and North America.

Power plant using Hanwha solar panels in Kahramanmaraş Province, Turkey. 30 31 SOLAR CELL PRODUCTION No.1 Worldwide

Hanwha Q CELLS is the global leader in solar cell manufacturing, with the world’s largest annual 8GW cell production capacity.

(as of Q1 2018)

PV MODULES Market Share Leader

In 2016, Hanwha Q CELLS signed the largest single contract ever in the solar industry. The agreement was with the US company NextEra Energy Resources to provide more than 1.5GW of solar modules. Hanwha Q CELLS is the market share leader among all global manufacturers in Japan and the US—the two of the three largest solar markets in the world. Hanwha Q CELLS is also leading in the emerging markets of India and Turkey. Our efforts are setting examples for green growth for the next generation and promoting employment in the new energy industry. 32 33 INNOVATE SECURE

WE INNOVATE FINANCIAL PRODUCTS SO YOU CAN SECURE A PEACE OF MIND.

34 35 Value-Added Services for Individuals and Institutions Historically, Hanwha has remained solid and stable while offering comprehensive financial solutions including insurance, banking, securities and asset management services. INSURANCE Life, non-life insurance Hanwha Life General insurance Hanwha General Insurance finance TOTAL FINANCIAL SOLUTION

Securities Hanwha Investment & Securities Asset management, brokerage services Hanwha offers a complete financial Trading, investment banking service platform with insurance, securities, asset management, and banking products. We create value for individual and institutional customers by continuously Asset management Stocks, bonds, ETFs, Hanwha Asset Management adapting to today’s rapidly changing derivatives, real estate financial landscapes and providing MMFs, PEFs financial solutions that give customers the freedom to pursue their dreams.

banking products Hanwha Savings Bank Deposits, commercial and personal loans

36 37 LIFE INSURANCE USD 82.7 Billion (KRW 100 Trillion)

Seventy years after being established as South Korea’s first life insurance company, Hanwha Life has reached a new milestone with USD 82.7 billion (KRW 100 trillion) in total assets.

Hanwha Finance Plaza near City Hall in Seoul 38 39 fintech Securing Future Growth

Hanwha is leveraging Big Data strategically and applying the latest financial technologies to create sustainable growth in new markets, including online banking, insurance and lending with mid-range interest rates.

40 41 SALES NETWORK Global Expansion

Hanwha Life continues to advance in the global market having established successful subsidiaries in Vietnam, China, and Indonesia—all with the goal of becoming the leading insurance company in each country.

42 43 IMAGINE REALIze

WE IMAGINE DISTINCTIVE EXPERIENCES TO HELP REALIZE YOUR DREAMS.

44 45 Bringing Joy to Life Hanwha’s growing network of unique resorts, hotels, and retail establishments has established Hanwha as a respected Hanwha Hotels & Resorts leader in the leisure and lifestyle industry. Resorts, hotels, leisure, food services

SERVICEs WIDE –RANGING PREMIUM E X PERIENCES Hanwha Galleria Retail & Fashion & LEISURE Hanwha Galleria Timeworld

From first-class shopping experiences to luxury hotels and resorts, Hanwha Duty-free shop Hanwha Galleria Timeworld is dedicated to helping our customers enjoy richer and more fulfilling lives. We continue to expand our services and leisure businesses to bring dream-like experiences Hanwha 63 City Property management to life, for people around the world.

Integrated IT Hanwha S&C business services

Hanwha Station Development Commercial development, property management

46 47 retail No.1 Premium Retailer

Galleria Duty Free 63 is a golden landmark in Seoul, renowned for its luxury brands and providing a high-end shopping experience.

48 49 AQUARIUMS hotels

Leader in One Maritime of a Kind

THE PLAZA is South Korea’s luxury Culture boutique hotel and one of the top Hanwha’s affinity for marine life shows hotels in Asia, recognized for its refined in our chain of award-winning aquariums, design, impeccable service, and premium including eco-friendly Aqua Planet in four accommodations. THE PLAZA is the first locations: Jeju, Yeosu, Ilsan, and Seoul. hotel in Korea to join the Autograph Our expertise in marine-life and aquarium Collection, Marriott International’s architecture is recognized and sought exclusive portfolio of distinctive hotels. out internationally. Wanda Nanchang We are introducing exclusive services Aquarium in China has employed our that combine the advantages of a local services to provide overall management hotel brand with the benefits of a premier along with consulting on the design and chain hotel brand. construction of its marine-life facility.

RESORTS Expanding Globally

Hanwha Hotels & Resorts is building an international network of hotels and resorts, including the Ocean Palace Golf Club and Resort in Nagasaki, Japan, and the Saipan World Resort in the Mariana Islands in the South Pacific.

50 51 Envision achieve

WE ENVISION POSSIBILITIES SO YOU CAN ACHIEVE YOUR GOALS.

52 53 Imaginations to Possibilities Hanwha E&C is at the forefront of the global construction business. By building on our deep expertise, our business can successfully expand across chemical and power plants, civil engineering works, commercial buildings, and more. Hanwha City Development, a leading private developer of high-tech industrial complexes, is also gaining reputation as

an experienced real estate developer with Plant Petrochemical & refinery plants

construction end-to-end solutions. GLOBAL CONSTRUCTION LEADERSHIP Power plants Environmental & industrial plants

Hanwha partners with customers to Expressways Civil Works Road & bridges understand their needs and goals. Tunnels & ports Waterworks & sewage facilities Our deep level of engagement enables us to truly envision before we build and Building works Business facilities Commercial facilities exceed customer expectations after we do. Education & research facilities Leisure & medical facilities From breathtaking performance venues IDC & sports facilities Cultural facilities to cutting-edge manufacturing facilities to Station facilities affordable housing that brings families and communities together, Hanwha is helping Apartments housing to enrich the lives of millions of people Studio apartments around the globe. Residential commercial complexes

City Development Development of high-tech industrial complexes

54 55 IRAQ Projects Building a City

Hanwha’s Bismayah New City Project is the building of an entire city on an unprecedented scale with nearly 60 city blocks and over 800 apartment complexes. The Bismayah New City Project is the largest construction project in the history of the Middle East by a South Korean company. And recently, another contract worth USD 2.1 billion to build the social infrastructure for Bismayah city has been secured, pushing the total value of the project to more than USD 10 billion.

56 57 PETROCHEMICAL PLANT DEVELOPMENT Turnkey Solutions

Hanwha E&C continues to solidify its market presence in the Middle East and North Africa with industrial, power, and petrochemical plant projects, including the construction of the Saudi-owned Ma’aden petrochemical plant, which will have an annual production capacity of 1.5 million gallons of fertilizer.

SEAWATER SUWON DESALINATION PLANT CONVENTION CENTER Integrated Multiple Energy Innovative Development Projects Hanwha has built the Yanbu desalination plant. It provides 15 million gallons a day to Hanwha Hotels & Resorts and help Saudi Arabia resolve its water deficit Hanwha Galleria are partnering problem while simultaneously generating 160MW of electricity. Hanwha E&C is to build a hospitality infrastructure, expanding its technologies and capabilities. a hotel, a department store, and One example is the Saudi Yanbu II power an aquarium. And Hanwha’s generation and desalination plant. It engineering and construction produces 15 million gallons of water a day. expertise is bringing the visually stunning Suwon Convention Center to life.

58 59 Hanwha overview

60 61 Hanwha’s Vision

Our vision is to touch the lives of every individual in every country in which we operate. We want to elevate the quality of life with our innovations and solutions. And to achieve CHEMICALS & our vision, we’ve set goals to help us lead in all markets our Materials businesses compete in. In 2017 Hanwha entered its third A top 5 leader globally and final stage of our vision to achieve a Quantum Jump. Quantum Jump motto is: as we lead, we will also serve. This

means that we will continue to foster a corporate culture Aerospace & O ur Visi on where we hold serving customers our top priority. Mechatronics Global leader in aerospace and mechatronics solutions Solar Energy Global market leader in solar energy

Finance Our Spirit & Core Values Top financial group in South Korea

At Hanwha , we operate with the spirit of trust and loyalty above all else. They are reflected in our core values and serve Services & as the guiding force behind how we do business and why we Leisure innovate. Top provider of premium leisure experiences and services in South Korea Our Core Values · we believe in challenging the status quo in pursuit of excellence through change and innovation.

· we are dedicated to our company, customers, and one another to achieve a greater goal.

· we believe in acting with integrity in everything we do, as individuals and employees.

62 63 Hanwha Today

Since our founding in 1952, Hanwha has grown into a Fortune Global 500 company. Our business expertise and USD synergies in manufacturing & construction, finance, and th B services & leisure, have made us the 8 largest business 53.89 top Total SALEs 8 enterprise in South Korea. And by quickly anticipating and (AS OF 2016) Business Enterprise in South Korea,

responding to changing market environments, we’ve led S U T (total asset basis the industry and demonstrated world-class capabilities in as of end of 2016)

each of our businesses. Hanwha’s focused and H AI N ABLE GROWT well-executed strategies and our aggressive investments top 5 Business Enterprise in have helped us to successfully overcome the toughest South Korea (net income basis challenges in key industries in chemical, aerospace & as of end of 2016) 258 mechatronics, solar energy, and finance.W e’re now building Global Networks the foundation for sustainable development and a brighter (as of MAy 2017) future for all. 61 Domestic Affiliates (as of MAy 2017) 65 Years of History (founded in 1952)

64 65 Milestones

Foundation of a Business Business Expansions The Second Foundation Building Momentum Accelerating Global Business 1952–1963 1964–1980 1981–1995 1996–2006 2007–Present

Restoring a Modernization Strategic Restructuring Emerging as Nation’s Economy of a Nation Diversification for the New Century a Global Leader

After the Korean War, Hanwha As the nation’s economy grew, When Seung Youn Kim became The 1997 Asian financial crisis affected As the 21st century began, Hanwha Vietnam subsidiary in 2008, and acquiring played a critical role in reconstructing so did Hanwha. Our success came from Hanwha’s second chairman, the South Korea severely. However, accelerated global expansion by an Indonesian life insurance company in our devastated country. aggressive and strategic investments in company’s Second Foundation had Hanwha met the challenges with diversifying businesses and building a 2013. Recently, the company entered the In 1952, Korea Explosives Co. (now key industries that could accelerate the effectively begun. And in the aftermath of radical innovation and restructuring. robust network of overseas operations. Fintech sector to offer greater financial Hanwha Advanced Materials security to more people worldwide. Hanwha Corporation) produced modernization of our nation. In the mid- the global oil shock in the 70’s, one of Mr. We secured liquidity by selling profitable acquired US-based AZDEL Inc. and industrial explosives desperately needed 1960s, we established the Korea Hwasung Kim’s key decisions was to diversify into affiliates, made employee job security established a production subsidiary in Currently, Hanwha is securing South for the construction of the nation’s new Industrial Co. (now Hanwha Chemical the petrochemical business by acquiring our priority and moved forward with our the Czech Republic in 2007 to increase Korea's top position in the chemical, infrastructure. The company succeeded and Hanwha Advanced Materials) Hanyang Chemicals and Dow Chemicals faith in our spirit of trust and loyalty to its standing as a global automotive aerospace, and mechatronics sectors, with in producing nitroglycerin in 1959 and and entered the petrochemicals business. Korea. He quickly turned the failing see us through. We emerged from the component maker. In 2009, Hanwha the largest acquisitions and mergers in the became only the second country in Asia After launching Kyung-In Energy in 1969, businesses into the powerhouse it is today financial crisis not only without a single Chemical began constructing a PVC country. We are strengthening our global to produce industrial explosives. we established Hankook Precision in (now called Hanwha Chemicals) in labor dispute but were heralded as a plant in Ningbo, China. Then in 2012, competitiveness by securing preemptive Since then much has changed and 1971 (now Hanwha Corporation’s the global chemical market. Under Mr. model business for other South Korean Hanwha won the Bismayah New technologies and readying ourselves for the City contract to construct an entire Hanwha as a business spans globally. Machinery Division). We sharpened Kim’s leadership, we’ve also diversified corporations to follow. We then sought fourth industrial revolution. city in Iraq. At USD 10 billion, it was the One thing, however, remains the our competitiveness in the machinery into finance and services & leisure. In new opportunities in the crisis and largest overseas contract ever awarded same: our belief that a business should business by acquiring Shinhan Bearing 1985, we acquired the Junga Group (now acquired Korea Life Insurance in 2002, to a Korean company. SolarFun Power contribute to its society. Industrial. And in 1972, we continued Hanwha Hotels & Resorts) to which has grown steadily to become Holdings and Q.CELLS were acquired in to advance Korea's industrialization by become Korea’s leading leisure company. the second largest life insurance carrier 2010 and 2012, respectively, allowing constructing Kyung-In Energy's refinery In 1986, we also acquired Hanyang Store in South Korea, with assets of KRW 100 Hanwha Q CELLS to become the and power plant. (now Hanwha Galleria) and expanded trillion in 2016. world’s No. 1 solar cell producer. In into the retail industry. parallel, Hanwha Life expanded globally by establishing its

1952 Korea Explosives Co. 1965 Korea Hwasung Industrial 1976 Sungdo Securities (now 1994 Hanwha R&D Center is 2002 Hanwha acquires Korea 2007 Hanwha announces its 2012 Hanwha acquires 2015 Hanwha General (now Hanwha Corp.) is (now Hanwha Chemical Hanwha Investment & built Life (now Hanwha Life) new corporate identity Germany-based Q.CELLS Chemical, Hanwha founded and Hanwha Advanced Securities) is acquired and Hanwha Q CELLS is Techwin and more Materials) is founded launched companies are launched 1986 Hanyang Stores (now Hanwha Galleria) is acquired

66 67 * The financial data in the Financial Highlights shows the simple aggregate of sales, risks, market conditions, uncertainties, or changes in circumstances. In addition, Financial Highlights total assets, total liabilities, and total stockholder equity among the Hanwha the actual results may differ from the published or suggested content herein, Group’s major affiliates at home and abroad. (Source: theHanwha Group) and may change without prior notice due to shifts in market conditions and * Figures for sales and total assets of individual affiliate companies published on change in strategies. This data was generated for reference purposes only. The page 73 and subsequent pages of his brochure are data officially announced by Hanwha Group has no obligation to set or change expectations and forecasts the Financial Supervisory Service. for the future contained herein. The data contained herein must not be used for * This outlook data was generated prior to completing the internal financial investment purposes. The Hanwha Group does not provide any guarantee for statements, accounting reviews and an external audit report and is therefore the data and its contents, and has no liability or responsibility for the outcome of subject to change upon settlement of accounts and accounting audit results. investments made based on this data. The outlook data also includes information on forecasts that may be affected by

Total Sales total assets Total liabilities total In USD Millions In USD Millions In USD Millions STOCKHOLDERS equity In USD Millions

55,467 165,696 133,638 32,058 53,894 122,231 28,022 150,253 118,779 26,603 145,382

53,087

2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017 (E) (E) (E) (E)

* Sales are converted into US dollars at the average exchange rate of USD 1= KRW 1,160.50 in 2016, and KRW 1,131.49 in 2015. * Assets, liabilities, and shareholder equity amounts are converted into US dollars at the December 31 closing exchange rate of USD 1= KRW 1,208.50 in 2016, and KRW 1,172.00 in 2015. * The 2017 expectancy data was converted based on Hanwha Group’s internal exchange rate of USD 1=KRW 1,160. 68 69 Hanwha Businesses

70 71 Manufacturing & Construction

Hanwha Corporation Hanwha Techwin Hanwha Land Systems Hanwha Systems Hanwha Defense Systems Hanwha Power Systems Hanwha Precision Machinery Hanwha Chemical Hanwha General Chemical Hanwha Petrochemical Hanwha Advanced Materials

Hanwha Engineering & Construction Hanwha Q CELLS Hanwha Energy Hanwha City Development

72 73 Hanwha Hanwha Corporation was founded quality products and aggressive pricing. while our Defense Division has recorded leveraging its deep experience and in 1952 as Korea Explosives company, We also completed the full vertical steady growth, we continue to invest cutting-edge technology. We produce Corporation quickly becoming the leader in the integration of nitric acid-ammonium in new technology and innovate to high value-added machinery equipment, www.hanwhacorp.co.kr South Korean explosives industry. It has nitrate-industrial explosives by acquiring enhance business competitiveness. including industrial machinery and since grown into a global manufacturing granular ammonium nitrate production machine tools, by focusing on heat and trading company operating in four lines. We also invested in innovations to Since being established as an treatment, automation, and precision Expertise business areas—explosives, defense, produce high value-added technologies, international trading company in 1966, processing. Our customized machine Explosives: Industrial explosives products, trading, and machinery. such as the electronic detonator. Hanwha Corporation’s Trading tools have helped us gain the largest raw explosives materials, explosives Division has played a leading role in the market share in South Korea. And in applications, domestic and overseas In 1959, we were the first domestic Hanwha Corporation’s Defense globalization of the Hanwha Group. another of our growing businesses, mining services. manufacturer of dynamite in South Korea. Division has the largest defense With more than 30 overseas branch we have successfully developed and Defense: Precision-guided munitions, After having successfully developed capabilities in South Korea. Since entering offices in our worldwide network, delivered solar cell manufacturing advanced ammunition, underwater safe, high-quality industrial explosives the defense industry in 1974, this we are leveraging synergy with facilities to our customers, proving the surveillance equipment. and fire process products,Hanwha has division has contributed significantly to Hanwha Group subsidiaries as we quality and safety of our technology. Trading: Petroleum, petrochemicals, been able to supply the South Korean improving South Korea’s military defense enter foreign markets and businesses as metals, machinery, chemical products, government with the crucial means to capabilities. We operate businesses in well as expand international markets for Our state-of-the-art technologies in the industrial plants, coal, new and renewable rebuild its cities and infrastructure. Today, precision-guided munitions, advanced Korea’s competitive industries. We focus aerospace business have allowed us to energy, general merchandise, resources Hanwha Corporation continues ammunition, and underwater surveillance on petroleum, defense, and renewable make great strides toward becoming a development. to apply its extensive experience equipment. We have also entered the energy businesses to secure stable profit global leader in the aerospace auxiliary Machinery: Machine tools, aerospace, with explosives technology and has aerospace business, sharpening our sources. We continue to maximize profit machinery and electronics fields. In solar, factory automation, power train, expanded into raw explosives materials, competitive edge. In 2015, we conducted by strengthening competitiveness, 2015, we signed an agreement to export plant machinery. explosives manufacturing, and explosives large-scale mergers and acquisitions, particularly by developing local business aerospace parts with UTAS, a Turkish applications. We entered the mining expanding our businesses that had opportunities and establishing local company. Our aerospace maintenance service market in 2014, quickly gaining a been previously focused on ammunition networks in strategic markets such as business also signed a memorandum 2016 Total Sales firm foothold in the world markets with and guided munitions to include self- China, the Middle East, and Southeast of understanding with GE. Agreements In USD millions high-caliber products and services. We propelled guns and engines for aircraft Asia. such as these establish ties with global started offering mining services in South and fleet, as well as defense electronics companies that enhance our business Korea and Indonesia. We continued to such as radar and combat systems. We From leading its nation since its competitiveness. They also take us closer 4,396 expand our business into new service have been selected as the developer of establishment in 1953, Hanwha to becoming a global leader, give us areas. In 2015, we entered a new market the Long-Range Surface-to-Air Missile Corporation’s Machinery Division opportunities to explore new growth and took over the Australian mining (L-SAM) system, the key to the Korea Air today is leading the machinery engines, and expand our global presence. 2016 Total Assets service company LDE with proven high- and Missile Defense (KAMD) system. And equipment industry worldwide by In USD millions 6,429

Hanwha Corporation provides solar machinery to Hanwha Q CELLS, one of the world’s largest photovoltaic manufacturers, recognized for its high-quality, high-efficiency solar cells and modules.

74 75 Hanwha Established in 1977, Hanwha Techwin and Revenue Sharing Partnership (RSP) Hanwha Techwin develops Hanwha Land Hanwha Land Systems entered self-propelled howitzer, the world's remote controlled weapon stations. We began building businesses in the aircraft to co-build the next generation aircraft technology for precision machinery, the defense industry in 1983, developing top-quality howitzer with overwhelming have also exported the K9 self-propelled Techwin engine and film camera industry. engine. This partnership represents the control, image analysis, software, and a Systems and producing land systems that played a firepower, high maneuverability, and howitzer—a weapon that has gained www.hanwhatechwin.com Since our founding, we’ve leveraged our joining the ranks of other leading aircraft range of automation projects. Leveraging www.hanwhalandsystems.co.kr pivotal role in increasing the defense power survivability. Our K10 ammunition reputation for excellence in military technologies in optics, video, and aircraft engine manufacturers of the world. our technology and experience, we of South Korea’s military. After becoming resupply vehicle is the world's first markets including Turkey, Poland, Finland, Expertise engines to expand into aircraft /gas launched South Korea's first collaborative Expertise an affiliate of Hanwha Group in 2015, ammunition supply system equipped and India. turbine engines and security equipment Our security business provides a full robot in April 2017. Developing robots we built synergy with other defense with a fully automated control system Engines, video surveillance cameras, businesses. Across our businesses around lineup of security solutions, from that can perform basic tasks and Defense Land Systems (artillery systems, affiliates.W e rebranded as the independent and is packaged with a K9 self-propelled Our expertise in performance and collaborative robots the globe, we have developed top-tier world-class CCTVs and video recorders supplementary work enable us to unmanned systems, remote controlled and specialized defense company howitzer. Our Evo-105 self-propelled technology are recognized worldwide, weapon station) original and application technologies. to integrated management software. We maximize efficiencies in many industries, Hanwha Land Systems in July 2017, howitzer is a new concept weapons giving us a bridgehead to enter the global Combined with our growing expertise, apply more than 20 years of experience from automotive to electronics, food, and reflecting the Group’s decision to separate system. It comes equipped with a 105mm defense market and develop new markets. 2016 Total Sales we’re proactively meeting market in optics and video processing medicine. 2016 Total Sales commercial and defense businesses. towed gun on a vehicle and an automatic In USD millions demands. technology to offer products for various In USD millions fire control system. We intend to grow as a global top provider customer needs. Our advances in R&D Along with Hanwha’s other defense of land systems. We will continue to invest As South Korea’s only producer of gas have enabled us to not only meet the affiliates, such as Hanwha Defense Hanwha Land Systems has been in advanced technology and with it, turbine engines, we have an unmatched ever-changing demands of the housing Systems, Hanwha Corporation's taking on large-scale projects for the develop total convergence solutions for 3,032 competitive edge in the engine business. and construction industry but also 616 Defense Division, and Hanwha national defense of South Korea for many the artillery, armored vehicles, unmanned For the last 40 years, we have provided to maintain global top-tier levels. We Systems, we have achieved the top years. As a result, we’ve accumulated both systems and energy storage systems. And 2016 Total Assets a range of gas turbine engine solutions produce 2.6 million video surveillance 2016 Total Assets position in South Korea's defense market. invaluable experience and technology in by providing creative platform solutions In USD millions around the world. In 2016, we surpassed devices in South Korea and China while In USD millions With experience in producing a more the defense industry. Our focus has been and customer-focused values, we will a milestone of completing 8,000 gas building service networks in Europe, than 1,000 K55 self-propelled howitzer, we on developing cutting-edge products become a sustainable and trustworthy turbine units and signed a contract the Americas, China, and Southeast Asia. developed the K9 that include unmanned systems and leader in the global defense industry. 4,677 to provide large-scale aircraft engine Currently, 75 percent of our sales come parts to GE and Rolls-Royce, becoming from other markets overseas. In 2017, we 1,053 a trusted partner in the global aircraft launched the Wisenet X series that boast industry. In addition, we entered into a its own global chipset. The Wisenet X Hanwha Techwin total sales and contract with the United States Pratt & series has already won wide praise from total assets are based on consolidated financial sheets. Whitney to operate a joint venture in customers, solidifying our leadership in Singapore’s manufacturing company. Our the industry. partnership with Pratt & Whitney is a Risk

World-class quality and continuous Leveraging our industry experience and R&D have propelled expertise, Hanwha Land Systems is Hanwha Techwin to become a becoming a leading ground defense company global supplier of engines for aircrafts with cutting-edge convergence solutions for including fighter jets and UAVs. ground systems.

76 77 Hanwha As a defense electronics company, In 2016, we’ve been selected to develop With our globally proven technology, Hanwha Defense Established in 1937, Hanwha Defense and more. Since 2009, we have produced K21, range of launching systems that require Hanwha Systems has significantly the active electronically scanned array superior product quality, and outstanding Systems provides comprehensive defense a world-class IFV with improved firepower, comprehensive technology and experience, Systems advanced the defense capabilities of (AESA) radar for the next-generation service, we highly anticipate greater Systems solutions. Our superior production and survivability, and maneuverability for high- including launching platforms, command www.hanwhasystems.com South Korea’s military since the company Korean fighter KFX, electronic optical global market share and recognition www.hanwha-defensesystems.co.kr technology enable us to provide infantry speed operation. K21 coordinates with main and fire control systems, ammunition was founded in 1978. It became a target tracking equipment, and infrared worldwide. fighting vehicles, air defense weapons, tanks for excellent maneuverability, supports systems, and ammunition carrier vehicles. member of the Hanwha Group in detection tracking equipment. guided weapons, launching systems, high- firepower for infantry that alight from vehicles, Our flagship system is the multiple rocket Expertise Expertise 2015. As the industry leader, Hanwha To develop these solutions, we’ve focused precision navigation, and laser weapons. We and can suppress anti-air targets that infiltrate launcher CHUNMOO. Along with Hybrid Command, Control, Communication, Systems offers a complete solution and directed our defense R&D to secure Infantry fighting vehicles, became an affiliate of the Hanwha Group with low speed and altitude. It is only one of BIHO, the CHUNMOO was co-developed Computer and Intelligence (C4I) for with ground, naval, air command, our core competencies. air defense weapons, guided weapons, in 2016. We are accelerating to become a our many armored vehicles that is powered with a partner’s R&D. It is an effective ground, naval, and avionics products control, communication, computer, launching systems, global top-tier company. with a water-driving device. weapons system that can secure early and systems and intelligence (C4I), guided weapons, Our R&D will also contribute to other high-precision navigation, tactical advantage by identifying attack electronic warfare (EW), and future high-performance and advanced laser weapons We began supplying weapons systems For air defense, we provide solutions with a origins and key targets quickly and 2016 Total Sales combat systems. weapons systems including a tactical to the South Korean military beginning lineup of optimized weapons, including the accurately without damaging forces In USD millions communication system (TCS) and 2016 Total Sales with the K200, an Armored Personnel VULCAN (for armored vehicles, towing, and outside the enemy target range. We By combining our technical development integrated command & control (C2) In USD millions Carrier (APC) built independently and warships), the NOBONG (a warship gun), the also produce more than 40 launching capabilities and subject matter expertise solutions that better adapt to future commercialized in South Korea. Since then, BIHO, the CHUNMA, and the Hybrid BIHO. systems. Our land launchers include in radar, optronic, command, and fire warfare environments. These solutions are we’ve also developed the CHUNMA (our Our air defense weapon on the BIHO can the CHUNGOONG that can effectively 741 control system products for ground expected to be in demand for export. flagship surface-to-air guided system), strike closing airplanes with direct fire and be eliminate enemy threats at medium systems, we are able to offer integrated 663 BIHO (an air defense weapon), K21 Infantry used in various air defense operations such altitudes. Our Blue Shark is a launcher 2016 Total Assets solutions to our customers. In the naval Hanwha Systems provides timely Fighting Vehicles (IFV), and CHUNMU (a as mechanized unit protection. CHUNMA that can be mounted on a ship to launch In USD millions systems domain, Hanwha Systems customer support with seven support 2016 Total Assets multiple rocket launcher). We have exported is South Korea's first surface-to-air guided torpedoes. The HAESUNG is a ship-to-ship is working to further enhance integrated centers around the country, including the In USD millions K200 to Malaysia in 1993, marking our first system, an effective weapons system against guided missile launcher that can precisely solutions for management and control first field maintenance support facility success in large-scale overseas exports low-altitude aerial threats to protect major strike enemy ships from 150-km away. systems, system engineering technology, in South Korea. We offer total solutions by a South Korean defense company. In core facilities. Mass-produced since 2015, our 659 and sensor armament. from product development of weapon 2007, using our original technology, we Hybrid BIHO can significantly improve the Hanwha Defense Systems is South systems operation to integrated logistics 617 developed K21 a vehicle that could operate anti-air defense system of the South Korean Korea’s premier defense company. Through support (ILS). on water. Recently, we developed Hybrid armed forces by combining the strengths of hard work and strong R&D investments, we BIHO (an air defense weapon) and Black Fox the 30mm dual-throttle and guided missiles are also becoming a leader in the global (a wheeled armored vehicle)—marketing with the conventional weapons mounted on defense industry with reliable defense them worldwide including the Middle East the BIHO. It also effectively provides better solutions. We’ve created synergy with our and Southeast Asia. defense with excellent maneuver capability. affiliates among Hanwha Corporation’s Equipped with high-performance radar and Defense Division, Hanwha Techwin, Using K200 as the base, we’ve produced electro optic tracking system, Hybrid BIHO and Hanwha Systems. Together, more than seven specialized infantry fighting is the latest weapons system capable of self- we will develop comprehensive defense vehicle models: the K277 (for command post), targeting detection and tracking. systems that transform Hanwha into top K281/K242 (mortar-equipped), K216 (aka CBR ten global defense company. —Chemical, Biological, and Radiological), K288 Hanwha Defense Systems is (rescue), K221 (smoke grenade launchers), exceptionally competitive at producing a

Hanwha Systems R&D Center develops Hanwha Defense Systems has led cutting-edge technologies used in world-class South Korea's defense industry for more radar, optronics, missile seekers, and tactical than 40 years. Since being designated communication systems. as a defense company in 1973, we have developed advanced technology in the fields of infantry fighting vehicles, air defense weapons, guided weapons, and launching systems.

78 79 Hanwha Power Hanwha Power Systems launched turbo compressor SA3100. In 2014, we Our next goal is to become a total energy Hanwha Precision In 1989, Hanwha Precision best customer-oriented solutions that in 1997 on the strengths of reliable were contracted to supply the world's first solutions supplier. To this end, our plan Machinery developed the first chip ultimately improves productivity. We Systems technology and deep experience in gas marine VRU (Vapor Recovery Unit) steam is to strengthen our product portfolio in Machinery mounter in South Korea. We have since are implementing a Smart Factory, a www.hanwhapowersystems.com turbine engines. We grew into a global recovery turbo compressor. In addition, in the compressor business and expand www.hanwhaprecisionmachinery.com grown into a total solutions provider, total solution for a SMT production line powerhouse selling more than 4,500 units 2015, we entered the LD/HD compressor into turbine-related businesses that offering ultra-precision manufacturing that boasts seamless operation, zero Expertise worldwide. We developed high-quality market with a compressor for LNG carriers can support petroleum gas and power Expertise equipment and integrated software. defects, and unmanned operation. Our technology products to build diverse and solutions for shipbuilders. generation customers. And recently, we Our flagship product lineup, the ED CAN Smart Factory will increase production Industrial air and gas compressor, lineups and realize high added value. received an order from the US Department Chip mounters, screen printers, series, is a new high-speed mounter that efficiency, installation accuracy, quality, gas turbine package, Our lineup includes: air compressors for In terms of global sales and R&D networks, of Energy (DOE) for a project related application equipment adopts the world's only modular conveyor and management while lowering power generation system industrial processes; fuel gas compressors Hanwha Power Systems is rapidly to SCO2 engine development. We are feature. Since its 2013 launch, the series maintenance costs. for power plants; boil-off gas compressors growing as a global energy equipment now looking to collaborate with SwRI 2016 Total Sales has steadily evolved. The SM series boasts 2016 Total Sales for LNG terminals and plants; and company. We are establishing long-term (Southwest Research Institute) in the US. In USD millions the best performance in its class and is Our network is expanding worldwide In USD millions extremely low-temperature compressors, business relationships around the world. The SCO2 project is expected to supplant our bestselling product. We are expanding to provide differentiated products and expanders, and LD (low duty)/HD (high We currently have six international sales the steam turbine market and become a our portfolio to include injection molding services to global customers. We are duty) compressors for LNG carriers. offices, as well as production facilities in game changer that creates new markets in automation, a semiconductor flip chip becoming a global leader in the industrial Korea and China, and an R&D center in the distributed power generation market. 146 mounter, and a 3D inspection machine. equipment industry, which is experiencing 170 In 2011, we entered the gas compressor Houston, Texas. We are accelerating our In cooperation with KEPCO in 2017, we Our product portfolio better meets continuous growth and innovation. market and are now the only energy global development cooperation in the began to develop a pure oxygen gas 2016 Total Assets our customer needs and provides the 2016 Total Assets equipment company in South Korea US. Recently, we focused on building turbine, eco-friendly high-efficiency power In USD millions In USD millions capable of independently designing, close relationships with key customers in generation equipment. We expect our producing, and testing large-capacity the O&G industry, and we succeeded. In collected efforts and accomplishments will high-pressure gas compressors. Our the first half of 2016, we obtained vendor propel us to leadership in the eco-friendly high-efficiency compressor and expander approval for API617 and API672 from power generation solutions market. 101 176 provide competitive advantages for our Saudi Aramco. We also strengthened our customers with competitive delivery cooperation with GE Oil & Gas by signing and with competitive delivery and core MOUs for gas turbine generators and components built in-house. In 2013, we packages. launched the world's largest air-cooled

For the petrochemical process, our compander The DECAN series, our flagship product line, is a state-of-the-art turbomachine that is a new high-speed mounter that adopts the combines both the compressor and world's only modular conveyor feature. the expander without using redundant The SM Series is our bestselling product with components such as a base frame, gearbox, best-in-class performance. or an oil system. Hanwha Power System’s compander represents the company‘s advancement and leading expertise in turbo compressor and turbo expander technology.

80 81 Hanwha Established in 1965, Hanwha We continue to work to improve monomer (VCM) while enhancing our Hanwha Hanwha General Chemical was In June 2017, we established Chemical is a comprehensive chemical production efficiency and cost production efficiencies with toluene established in 1974 and then acquired Hanwha Solar Power to advance Chemical company with streamlined production competitiveness while meeting the diisocyanate (TDI), a raw material for General Chemical by the Hanwha Group in 2015. We mid-to long-term growth beyond hcc.hanwha.co.kr systems for polyethylene (PE), polyvinyl growing demand for our products around polyurethane products. hgc.hanwha.com were the first company in South Korea to the single PTA business. We plan to chloride (PVC), and chlor-alkali (CA). As the world. Our PVC plant, completed localize production of purified terephthalic improve our PTA-related technologies Expertise South Korea’s leading petrochemical in 2011 in Ningbo, in China’s Zhejiang Hanwha Chemical is also expanding Expertise acid (PTA) a primary component in and develop related businesses in the company, we are highly influential in the province, was built to produce up to its global business to cover emerging many types of polyester. PTA is used in value chain that we have grown over PE, PVC, CA, photovoltaics, TDI PTA nation’s chemical industry, producing 300,000 tons of PVC annually. Today, future industries such as photovoltaics. We clothing, industrial fibers, film, and paint. the last 40 years. We will also secure high-quality PVC, CA, and low-density with continuous improvements in acquired global photovoltaic companies The applications for PTA are expanding greater competitiveness through 2016 Total Sales polyethylene (LDPE) at competitive prices. the production process, the plant is to enhance our competitive edge in 2016 Total Sales dramatically. strategic investment and operation of PV In USD millions producing 360,000 tons of PVC each this developing but exciting market. To In USD millions businesses at home and abroad. In 2012, we successfully commercialized year. In Bang Phli, Thailand, we built an strengthen our upstream solar businesses, Today, we have an annual capacity of high-density ethylene vinyl acetate (EVA) alkali soluble resin plant with an annual we built a polysilicon plant in the Yeosu two million tons, helping us to be No. 1 for the first time in South Korea. Just four capacity of 17,000 tons. This facility serves National Industrial Complex. The plant in both production capacity and market 3,001 years later, we localized the production as an important base of operations as we started its production in early 2014, with a 1,407 share in South Korea. Our experience and of chlorinated polyvinyl chloride (CPVC), enter markets in Southeast Asia. capacity of 10,000 tons annually. We have technology have also been recognized 2016 Total Assets enhancing the quality of our PVC. been leveraging the advantages of our 2016 Total Assets worldwide. We leveraged our many years In USD millions Hanwha Chemical was the first South affiliate companies and making strategic In USD millions of expertise and our PTA processing We obtained the New Technology Korean petrochemical company to tap investments to become a leader in the technology in the Middle East back Certification from the Korean Agency into new business opportunities in the global solar energy market. in 2010. Since joining the Hanwha for Technology and Standards and then Middle East. We signed joint venture Group, we have enhanced our cost 6,068 in 2017, we built a production line that contracts with International Polymers 2,169 competitiveness by creating synergies could produce up to 30,000 tons of CPVC Company, a private petrochemical with chemical affiliates and diversifying annually. We partnered with the Institute company in Saudi Arabia, and Gulf our markets through management and of Chemical Process at Seoul National Advanced Cable Insulation in 2011. sales innovation. University and the Korea Advanced In 2015, we achieved cost reductions Institute of Science and Technology and economies of scale as our joint (KAIST) to establish joint research centers. venture with International Polymers It was a significant step toward enhancing began to produce EVA and LDPE. With quality and accelerating the pace of Gulf Advanced Cable Insulation, we are innovation. producing wire and cable compounds. In 2016, we strategically acquired a company to maximize the synergy in production processing of CA and vinyl chloride

The Hanwha Chemical Ningbo PVC plant PTA is the primary raw material for polyester in Zhejiang, China, was completed in 2011, and is widely used in PET resin, bottles, films, enabling us to target China’s PVC market paint, and industrial materials. with outstanding quality and value.

82 83 Hanwha Since its founding in 1988, Hanwha As the only petrochemical company in Our EVA product for solar cells and HDPE Hanwha Founded in 1965, Hanwha Advanced share. We are a major supplier to global downstream business areas for us. We Petrochemical has tirelessly South Korea, we are equipped with a product for bottle caps each achieved the Materials defines its vision as “A high- automakers, including Hyundai, Kia, BMW, are also expanding our market share by led South Korea’s petrochemical industry naphtha cracking center (a core facility in world’s No. 1 market share, a testament Advanced tech materials company that protects the Volkswagen, GM, Ford, and Toyota. As developing products for solar power Petrochemical with technology innovation and global our petrochemical plant), a condensate to our commitment to quality and Materials values of humanity and the environment.” a global automotive parts supplier, we and electronics, along with materials for www.hanwha-total.com expansion. In a 2003 joint venture with the fractionation unit (a refining facility in our innovation. We’ve been selected as a World www.hwam.co.kr With our innovative line of products operate manufacturing corporations in next-generation mobile communications, Total Group, a major French energy and refinery), and an aromatics plant. These Class Product of South Korea in 2015 by and technologies, we are operating Alabama and Virginia in the US, Beijing the Internet of Things, and solar power chemical company, we formed a global facilities have enabled us to establish solid the Ministry of Trade, Industry, and Energy. businesses in the areas of lightweight and Shanghai in China, and in the efficiency. Expertise energy and chemical company, a strong vertical integration, from petrochemical Our range of high-value-added products Expertise composite materials and thermoformable Czech Republic and Germany. And to Ethylene, propylene, BD, EG, SM, platform for growth. After becoming a raw material supply to end-product include protective film and general film, Automotive materials, components for automobiles, highly proactively respond to the needs of global We offer products by developing PX, PE, EVA, PP, gasoline, diesel, Hanwha affiliate in 2015, we achieved a production. In effect, we’ve laid the also claimed the No. 1 spot for market electronics materials, efficient advanced film for solar energy, automakers for parts standardization and independent technologies, using sheet jet fuel, LPG, solvent record-breaking business performance. foundation for stable growth by not only share in South Korea. As a major affiliate of solar materials and high-performance coating films for global sourcing, we plan to increase our production technologies we have diversifying our product portfolio but the Hanwha Group, we expect our next mobile phones and display. We also have number of overseas corporations to more refined over the past 30 years. In 2010, Hanwha Petrochemical also optimizing production efficiency recognition to come from maximizing we succeeded in developing and mass- 2016 Total Sales 2016 Total Sales developed local production and R&D than 10 by 2020. To help keep abreast In USD millions operates a large-scale energy and for linking and managing raw materials, synergy with our affiliates and enhancing In USD millions networks in South Korea, the US, Europe, of converging trends of the automotive producing EVA sheets and back sheets for petrochemical facility made up energy, distribution, and facilities. We our global competitiveness. and China. Our global sales continue to and IT industries, we have joined the photovoltaic modules. We operate a plant of 18 separate plants in the Daesan registered as a refining company in 2010 rise. Automobile Convergence Alliance. for 3.5GW EVA sheets and back sheets in Petrochemical Complex in South Korea. and successfully completed its expansion We continue to focus on establishing South Korea but we are expanding the 7,120 We manufacture a wide variety of in 2014. This added a second aromatics 552 Since entering the automotive materials a technological competitive edge by business to China, Europe, and Japan. petrochemical products, including base plant, a condensate fractionation unit, business in 1986, we have launched further reducing weight and simplifying 2016 Total Assets chemicals such as ethylene, propylene, and an ethylene-vinyl acetate (EVA) 2016 Total Assets diverse products in interior and exterior automotive electronics. We are especially competitive in the In USD millions styrene monomer, paraxylene, and plant. These additions gave us a sizable In USD millions materials for automobiles. We now high functional film market. Currently, ethylene glycol. The petrochemical annual production capacity of in-demand offer distinctive technologies in high- Our Lightweight Composite Materials we produce electronic circuits such facility also produces polyethylene and products, including 1.09 million tons of strength, super-lightweight materials R&D Center, which opened in 2015, as coverlay film (insulation film), FCCL polypropylene—polyolefin products ethylene, 2 million tons of paraxylene, and for automotive parts. We also produce leads research on thermoplasticity for (flexible copper clad laminate), bonding 5,616 that are used to manufacture a wide 1.06 million tons of styrene monomer. 837 lightweight composite materials for automobiles, thermosetting composite sheet (adhesive sheet), and EMI shield range of consumer energy products automotive parts, such as GMT, LWRT, materials, and on designing and film (electromagnetic shielding film). such as gasoline, diesel, jet fuel, liquefied EPP, SMC, and LFT, and other automotive developing new applications. We Our flagship electronic circuit of LinkTron petroleum gas, and solvents. parts using these materials. Among the develop new materials offering improved (FCCL) is used as a key component materials we produce, StrongLite (glass functionality, including innovative hybrids material for precision electronic products, fiber mat-reinforced thermoplastic, GMT) of plastic and different materials.W e also such as smartphones and tablet PCs. We and SuperLite (lightweight reinforced create new methods of construction are now expanding into manufacturing thermoplastic, LWRT) rank at the top to lead the trend toward lighter-weight circuit materials for automotive electronics. of their categories in global market materials and car electronics—important

Hanwha Petrochemical’s EVA for solar Hanwha Advanced Materials maintains cells is a world-class product and the leader in the world’s largest market share for StrongLite global market share. (GMT) and SuperLite (LWRT), materials proven to reduce the weight of automobiles. We are now expanding global operations and production facilities as the global market for lightweight composite materials for auto parts grows rapidly.

84 85 operates the world’s With our forward-looking production Hanwha Hanwha E&C has rapidly grown into a In 2014, we demonstrated our leading naphtha-cracking facility in facilities and large-scale production global player by leveraging its extensive technological prowess by successfully the Yeosu National Industrial Complex, capacity, we continue to grow every year Engineering & experience in construction projects and building the world’s largest domed arena www.yncc.co.kr located on the southern tip of the Korean by relying on our advanced management Construction by implementing its new technologies in the Philippines, a bridgehead for our Peninsula. Established in 1999 from the system, sound financial structure, and and long-term expertise in constructing Southeast Asian market entry. We also are www.hwenc.com Expertise merger of naphtha-cracking facilities solid partnerships with customers. Our a range of industrial, chemical, and power building power and petrochemical plants owned by Hanwha and Daelim, their professional and highly skilled employees plants, civil engineering works, commercial in the Middle East and North Africa, and Petrochemical fifty-fifty joint venture annually produces effectively combine industry expertise Expertise buildings, and more. We have averaged developing largescale real estate projects feedstock production 1.95 million tons of ethylene, 1.11 million with cutting-edge technology, truly General construction, an annual growth rate of 30 percent since in the Americas. tons of propylene, and 5.31 million tons making our workforce a key differentiator. residential complexes, 2002, and won international recognition. 2016 Total Sales of various petrochemical feedstocks, Supported by steady flow of investments, urban development, industrial plants, We’ve been recognized as a top global In South Korea, Hanwha E&C has been In USD millions including benzene, toluene, xylene, product specialization, facility expansion, civil engineering, water treatment contractor in Engineering News Record and responsible for the nation’s largest urban styrene monomer, and butadiene. and business focus, we have become a our works often referred to as the “bible of development projects that have included leading Naphtha Cracking Center (NCC) the construction industry.” the construction of homes for more than 2016 Total Sales With fully automated and optimized company in Korea. Internationally, by 60,000 households at 84 sites. We led In USD millions 3,769 production processes producing building on our topnotch capabilities, we The USD 10.1 billion Bismayah New City, the industry by pioneering advances in high-purity feedstocks, this state-of- are becoming a world-class petrochemical the largest urban development project large-scale site construction, including 2016 Total Assets the-art facility gives Hanwha affiliates company. in Iraq’s modern history, is Hanwha Daedeok Techno Valley, South Korea’s first In USD millions a competitive edge as they produce 2,713 E&C’s flagship project. It is the world's development project to build an entire city. high-quality downstream petrochemical largest new urban construction project products. that includes infrastructure facilities for We also developed the nation’s first 2016 Total Assets advanced membrane filtration water In USD millions 100,000 households and 300 schools. The 2,034 first overseas project of its kind by a South treatment technology and sewage water Korean company, Bismayah New City is treatment technology. By providing recognized as a key project in global new world-class leading-edge technology and 5,566 city development. eco-friendly green energy, we are raising the bar in the water treatment field.

At the world’s leading naptha-cracking facility, Hanwha E&C’s outstanding business produces ethylene, propylene, competencies are well recognized globally. and other petrochemical feedstocks. This state- And with our reputation for reliability and of-the-art facility gives our Hanwha affiliates dependability, we have been able to secure a competitive edge in petrochemicals. a series of contracts to construct large-scale petrochemical plants in the Middle East and North Africa.

86 87 Hanwha Hanwha Q CELLS is a total solar More recently in 2017, our steel frame In 2014, we entered the rooftop solar Hanwha Established in 2007, Hanwha Energy operate several solar power plants with a In addition, we are expanding our energy power solution provider with the module won the Top Innovation Award power equipment market in Japan and is an eco-friendly and comprehensive combined capacity of 36MW, including a system solutions with our smart energy Q CELLS world’s largest cell production capacity. and the Array Changing Technology Europe and large-scale power plant Energy energy company. We operate 24MW solar power plant in Oita. We are business model. To achieve this goal, we www.hanwha-qcells.com Our business scope ranges from the Award from PV Magazine. It also received markets in the US, Thailand, Chile, and hec.hanwha.co.kr cogeneration plants that provide a stable continuously increasing the scale of our are servicing central control systems for midstream of ingots, to wafers, cells, and the Intersolar Award 2017 in Germany. Latin America. In the same year, we supply of high-quality electricity and business. distributed renewable energy power modules, to downstream solar solutions secured a series of large solar projects ultra-high-pressure steam to companies sources, establishing and operating Expertise Expertise for residential, commercial buildings, and Our technology infrastructure enables across Europe—in the UK, France, and in national industrial complexes in Looking ahead, we are constructing a solar/wind power-connected Energy Solar power solutions: ingots, wafers, cells, solar power plants. differentiated technology innovation. Our other countries. Solar project contracts in Group energy, renewable energy South Korea. By providing readily 42MW in Turkey and a 152MW solar power Storage System, and setting up modules, and systems base solar R&D work is done in Thalheim, Japan helped us achieve top international available power, our plants improve the plant in India, both of which will begin micro grid businesses in areas with Since its foray into the solar energy Germany but R&D network spans China, market share in 2016 and the status 2016 Total Sales competitive advantage of our off-takers. commercial production in 2017. In the US, weak power infrastructures. Recently, 2016 Total Sales business in 2010, the Hanwha Group Malaysia, and South Korea. Our R&D as a key worldwide player. In 2015, we In USD millions Our cutting-edge technology consistently we are developing several solar power we have transformed Jukdo Island, In USD millions has built Hanwha Q CELLS into the centers all receive Hanwha’s continuous partnered with US-based NextEra to complies with South Korean government projects through our local subsidiary in Chungcheongnam-do into an energy world’s leading capacity. We currently support and investments to develop solar provide 1.5GW of modules, accelerating requirements for energy efficiency and California, Texas, Las Vegas (Nevada), and self-reliant island by applying these latest have cell and module production technology including anti-PID, hot spot our entry into one of the world’s largest greenhouse gas emissions reduction. other locations. To efficiently operate and technologies. networks in China, Malaysia, and South protection, and more. solar markets. And by 2016, we earned 331 systematically maintain solar power plants, 2,426 Korea. Despite the strong growth, the No. 1 market share in the US, Korea, In keeping with diversifying our energy we are promoting O&M business based on we continue to invest in R&D and With its cutting-edge technology and Australia, and Turkey. 2016 Total Assets business, we are promoting solar power our Hanwha Energy Integrated System 2016 Total Assets manufacturing innovation to stay a economies of size, Hanwha Q CELLS In USD millions generation at home and abroad. We (HEIS). By ensuring stable profits for our In USD millions step ahead of the growing worldwide is capitalizing on the growing demand Hanwha Q CELLS is securing its are also expanding the scope of our customer’s assets through maintenance demand. The Jincheon Plant in South for solar power around the world. In 2013, global leadership in the solar power solar business from power generation and improved performance, our O&M Korea, built in 2016, can produce more we signed a contract to deliver 82MW of industry through long-term growth and to project development, O&M, system business has become one of the main than 1GW of Q.ANTUM cells—the modules to Marubeni, the largest solar expertise—this is part of our strategy to 1,296 solutions business, and more. In Japan, we pillars of our renewable energy business. 2,209 world’s most efficient cells, annually. power plant in Japan. We also completed optimize for the needs and policies of Our Q.ANTUM technology is based the construction of a 5MW solar plant in worldwide energy markets. on PERC cell technology, providing Kalaeloa Renewable Energy Park in Ohau, Hanwha Q CELLS total sales mono-crystalline efficiency for even Hawaii. and total assets are based on multicrystalline module cells. The latest 20-F (Nasdaq) standard. Q.ANTUM module, Q.PLUS, won the Module Manufacturing Innovation award at Solar Industry Awards 2015 in Hamburg, Germany.

The outstanding quality control capabilities This state-of-the-art cogeneration plant of Anti-PID, Hot Spot Protection, and Tra.Q provides a stable supply of high-quality demonstrate the success of Hanwha electricity and ultra-high-pressure steam to Q CELLS’ global R&D efforts into a variety of companies in the Yeosu and Gunsan national solar power technologies. industrial complexes in South Korea.

88 89 Hanwha City Hanwha City Development has considered exemplary development been recognized as the leading private models and, not surprisingly, have Development developer of high-tech industrial been benchmarked by several local complexes since its establishment governments. in 2001. Starting with our success in Expertise Daedeok Techno Valley, additional Buoyed by these achievements, we’ve Real estate development including projects followed, such as the Asan broken ground on the Yongin Techno multifunctional industrial complexes Techno Valley project (2,984,000m2, Valley project in 2015. There is high 300 enterprises, 8,000 households), anticipation Yongin Techno Valley will 2016 Total Sales the Seosan Techno Valley project be an industrial complex that will be In USD millions (1,994,000m2, 200 enterprises, 6,000 home to many R&D centers, companies households), the Gimhae Techno Valley and startups in IT, fusion technology, project (1,640,000m2, 200 enterprises), and other areas of technology. When and the Gyeonggi Hwaseong Bio Valley completed in 2018, the industrial 378 project (1,745,000m2, 200 enterprises). complex is expected to play an Each completed project stood out important role as the center of the 2016 Total Assets as achievements and each one industrial belt, south of Seoul. In USD millions received high praise. The projects are 439 Finance Numbers above include total sales and total assets of its five subsidiaries.

Hanwha Life Hanwha General Insurance Hanwha Investment & Securities Hanwha Asset Management Hanwha Savings Bank

Our Gyeonggi Hwaseong Bio Valley industrial complex will provide an optimal business environment for cutting-edge tech companies.

90 91 Hanwha Established in 1946, Hanwha Life is awards from government organizations founded in 2008, the first of its kind by a Hanwha General Established in 1946, Hanwha General Our efforts to improve customer service a leading life insurance company and and customer satisfaction survey firms company from South Korea. With a strategy Insurance is the first South Korean have been recognized with the top three Life also the oldest in South Korea. Early on, have recognized our efforts.W e ranked based on localization and a nationwide Insurance insurance company funded solely by service quality awards by the South www.hanwhalife.com we played a critical role in developing No. 1 for seven consecutive years through sales network, we turned a profit in 2016, www.hwgeneralins.com domestic capital. Throughout history, Korean government organizations: the insurance industry and the country’s 2016 and won the Korea Service Awards a first for a South Korean insurer. Our we’ve played a pivotal role in developing CCM certificate, Call Center Service KS economic growth—always with our from the Korea Standards Association in Chinese subsidiary, Sino-Korea Life South Korea’s general insurance industry. Certificate, and the Certificate of Excellent Expertise Expertise customers in mind. the life insurance sector. In the 2016 Korea Insurance, entered new markets in Today, we’re a major insurer with total Service Quality. Life insurance, mortgage and personal Service Quality Index survey, managed Shanghai and Jiangsu province, and Long-term insurance, assets of nearly USD 11 billion. We use loans, trust, fund, retirement pension In 2016, as we expanded, we made sure by Korea Management Asset Consulting, ranked as the largest foreign-invested automobile insurance, advanced services to enhance customer Our company is on an upward trajectory, to remain structurally sound, reporting we also ranked at the top for customer insurance company in Zhejiang province. general insurance, value and offer a comprehensive product building a risk-based management 2016 Total Sales total assets of USD 87.15 billion. At the service for seven years in a row and for In Indonesia, our subsidiary is growing fast mortgages, personal loans portfolio ranging from long-term structure, improving long-term insurance In USD millions end of 2016 we achieved a 198.7 percent five consecutive years for our call centers. having diversified its sales channels and insurance to auto and general insurance. loss ratio, advancing the compensation risk-based capital (RBC) ratio, which Hanwha Life is further recognized establishing bancassurance alliances. We 2016 Total Sales process, and increasing high yield, higher demonstrates the soundness of our asset for its social contributions in several continue to look forward and continue to In USD millions We created a Consumer Protection charter, value-added contracts. We are posting quality. We have also received a sterling arenas, including help for youth, health, increase our global market share through improved service quality and minimized healthy financial growth by seeking 13,784 AAA credit rating from South Korea’s top community, culture, and the environment. Fintech-based business models in Asian customer inconvenience to provide an diverse and stable overseas and alternative rating agencies for the past ten years. countries. Hong Kong, Malaysia, and overall superior customer experience. investments. 2016 Total Assets Hanwha Life is aggressively entering Singapore are next. 5,335 We also empowered the scope of what In USD millions Hanwha Life leads the industry with new markets. Recently we became the our call center agents could do to ensure As a result, we have been recognized for innovative products and we’re committed only insurance company to participate in In 2015, Hanwha Life announced a new 2016 Total Assets a one-call, one-stop system. In addition, financial stability and growth potential, to adding new services that meet a wide the first Internet-only bank consortium, vision to become a leading player in the In USD millions we were the first South Korean insurer to earning an A- credit rating from A.M. Best, range of customer needs, including which earned us a bancassurance position. global insurance industry. To realize this introduce an electronic signature system, the international insurance industry rating 87,159 retirement and health insurance. Since we vision, we established three mid-to making it easier for customers to complete organization, and an AA- in South Korea, introduced our exclusive license system— Using Fintech and Big Data technology, long-term strategies in 2017. transactions from their mobile devices. We based on settlement capability. the insurance industry’s equivalent of a we launched the industry’s first mid-range First, we will provide new contract-value- 10,985 have even introduced a mobile application patent—we have gained 12 exclusive sales lending programs. We also debuted based products. Second, we will improve called Smart Insu, catering to the ways and rights for our original insurance policies, an DreamPlus 63, the largest Fintech nurturing fundamental profit and loss management needs of our customer. More than 100,000 industry high. center in South Korea to lead the rapidly of our insurance business. Lastly, we customers have installed the app. changing financial environment and will improve return on asset operation. We also innovate when in our customer establish a steppingstone for global Our plan is to grow into a global top-tier interactions. Through our customer-centric expansion. We also gained a contract insurance company through digitization marketing and sales, we’ve aligned our worth USD 10 million with Anthemis, and by fostering a culture of innovations offerings to life stages of our customers. a UK-based Fintech investment company. where employees are inspired to act as We then improved our call center and In the international market, we lead the youthful as a startup employees. customer center services. Certificates and industry. Our Vietnam subsidiary was

Hanwha Life, which leads the life insurance Hanwha General Insurance is a major industry in South Korea, launched Onsure, insurer with total assets of USD 11 billion and a the first online life insurance sales channel in diversified investment portfolio. South Korea. Onsure serves as yet another channel through which we will expand our life insurance business.

92 93 Hanwha Established in 1962, Hanwha We have secured a stable and diversified Hanwha Asset Founded in 1988, Hanwha Asset Prize in High dividend ETFs at the 2016 Investment & Securities provides profit structure with business portfolios Management has grown into a Korea Fund Awards by Money Today; and Investment & comprehensive asset management in investment banking, trading, wealth Management comprehensive asset management the Grand Prize in Korean bond funds at Securities services, including brokerage and management, and institutional investors. eng.hanwhafund.co.kr company offering a full range of financial the 2017 Asia Fund Awards for Hanwha acquisition of stocks, bonds, and As a preemptive response to the rapidly instruments, including stocks, bonds, Short-Term Government and Corporate www.hanwhawm.com derivatives, as well as sales and asset changing digital financial environment, we MMFs, fund of funds, social overhead Bond Funds. Expertise management services for various financial developed unique opportunities to ensure capital, derivatives, real estate, ETFs, and Expertise products. To date, we have successfully simpler and more convenient investment Asset management PEFs in both domestic and overseas Hanwha Asset Management Securities brokerage and underwriting, established ourselves as a reliable asset experiences for every client. Our easy-to- capital markets. At the end of 2016, we is accelerating its strategic overseas asset management management partner in the ever- use application, STEPS, displays essential 2016 Total Sales were among South Korea’s top two asset expansion to become a leading asset changing capital market by providing information to support beginners and In USD millions management companies with USD 71.49 management company in Asia. Our various domestic and overseas financial young investors. We have improved the billion in assets under management Singapore subsidiary manages equity and 2016 Total Sales products and customer-oriented services. intuitive features of our mobile trading (AUM). We have top-tier expertise and alternative investments in the pan-Asian In USD millions system and continue to upgrade based on well-organized systems in all areas, market. We acquired a New York-based We’re guided by our company policy customer feedback. 65 including product development, research, subsidiary to handle assets of the US and of “Good Communication & Plus compliance, and risk management. All our other advanced countries. We have also 1,351 Management”—we listen to our Our business vision motto is to grow 2016 Total Assets products and services cater to the needs established a Chinese subsidiary as a employees who understand our together with our clients, shareholders, In USD millions of our customers because we put into wholly foreign-owned enterprise (WFOE) customers and continuously encourage and employees while securing our practice our principle and management to expand our overseas business footprint 2016 Total Assets In USD millions innovation within the organization. We base for sustainable profits. As a trusted philosophy of placing our customers first as we pursue a global strategy. differentiate our services by putting financial partner with expertise in a range before anything else. customers first and working to establish of business fields, we can make financial 147 customer trust. dreams come true and future happiness Hanwha’s expertise and industry-leading 5,545 a reality. Hence our motto is: “Go further innovations have been recognized with together with our clients as trusted numerous industry awards in South Korea, financial partners for greater happiness, including Excellence Prize in Korean bond for life.” funds at the 2016 Korea Fund Awards; Grand Prize in China Equity Funds at the 2016 Morningstar Fund Awards; Excellence

Focusing on the principles of customer Hanwha Asset Management is widely satisfaction and protection, Hanwha recognized for its innovative solutions Investment & Securities is valued by and a disciplined approach to asset customers. management. With them, Hanwha Asset Management’s mid-and long-term plan is to become the best asset management company in Asia.

94 95 Hanwha Founded in 1997, Hanwha Savings Bank joined the Hanwha Group Savings Bank in 2008 and has since grown into one www.hanwhasbank.com of the most stable savings banks in the industry. Even in an unfavorable business climate, we’ve been able to safely pursue Expertise external growth with our experienced Deposits, sales teams while maintaining a commercial and personal loans disciplined management. We also extend the fundamental roles of microfinance 2016 Total Sales institutions and support profitable In USD millions business for promising small and medium-sized companies.

Today we are a sound savings bank 36 whose continued growth is backed by the confidence of our customers.W e 2016 Total Assets constantly strive to benefit both our In USD millions clients and the society by developing products that serve their interests. Our risk management system enables us to perform faithfully as a sound financial 534 institution, and we are committed to Services & Leisure providing individual and business clients with top-quality financial products and services.

Hanwha Hotels & Resorts Hanwha Galleria Hanwha Galleria Timeworld Hanwha 63 City Hanwha S&C Hanwha Station Development

An experienced and stable financial institution, Hanwha Savings Bank has earned customer trust through its top-quality sales teams, financial products and disciplined management.

96 97 Hanwha Hanwha Hotels & Resorts began We’ve applied our expertise gained and magazine. The International Hotel Awards Hanwha Since its founding in 1976, Hanwha paradigm for the retail business. We are business models for online malls to cater operations in 1979 as the developer of technologies developed from the former selected THE PLAZA as its 2017 Large Hotel Galleria has set the trend for premium working to become the No. 1 premium to changing shopping practices and Hotels & Resorts South Korea’s first resort condominium 63 Sea World, the first aquarium in South & City Hotel. Connoisseurs can experience Galleria lifestyles as the leader in the retail industry retailer in the country, providing first-class greater desires for convenience. We have www.hwrc.co.kr project. It joined Hanwha in 1986. With Korea. We built the breathtaking Aquarium THE PLAZA’s seven outstanding cuisines www.hanwhagalleria.co.kr in South Korea. shopping experiences for the latest trends. a mid-to long-term plan to expand online resort, hotel, and food service businesses, Belt, South Korea’s largest network of in the landmark 63 Building, along with a distribution channels to overseas markets we are rapidly becoming South Korea’s aquariums across 4 cities: Jeju, Yeosu, panoramic view of Seoul. Food is prepared Galleria Luxury Hall, which opened in 1990, In 2015, Hanwha Galleria Timeworld that include China. Our plan is to build Expertise Expertise premier leisure and food service provider. Ilsan, and Seoul. Our expertise earned with fresh seasonal ingredients by top was South Korea’s first upscale department won a business license for a new duty-free new business opportunities, beyond Resorts, hotels, leisure, food services us a consultant contract to design and award-winning chefs. Retail, fashion store and later served as the inspiration store in Seoul. Soon after, Galleria Duty department store sales to meet diverse Our Resorts Division owns South Korea’s construct the Wanda Nanchang Aquarium for luxury department stores throughout Free 63 opened its doors in December customer needs for purchasing goods and largest condominium chain including in China, and we now operate the 17,800- Our Food Culture Division provides 2016 Total Sales 2016 Total Sales South Korea. With the largest number of of 2015 at our 63 Building with 10,153 services online. In USD millions the Ocean Palace Golf Club & Resort ton indoor aquarium on commission. comprehensive services, including In USD millions luxury brands and distinctive services, our square meters of selling space. With in Nagasaki, Japan, which boasts over Partnering with Geoje city government, food service contracts, dining business dining and retail destinations are attractive Hanwha Galleria’s experience in the We will continue to take creative steps 4,800 guest rooms across 12 properties. we are creating a tourist destination, the services, and food material supplies. The to both tourists and domestic shoppers. retail business and network of Hanwha to strengthen our core competencies In Japan and South Korea, we own and Belvedere. The marine resort, with 465 food service contract unit is backed by Galleria Luxury Hall features luxury brands, affiliates, Galleria Duty Free 63 can create that appeal to our customers—our best 912 operate premier golf courses totaling rooms and a private marina, is expected to 30 years of experience and a unique 322 global fashion trends, fine dining, and new tourist contents and and compete products and the best possible experience. 126 holes. Our partners include Resort complete by 2018. operations system. Our dining business premium services. It embodies the vision globally. We are committed to becoming 2016 Total Assets Condominiums International (RCI), a unit provides commissioned services in 2016 Total Assets of a new generation of luxury malls, an outstanding duty-free business In USD millions worldwide membership network; Private Our Hotel Division has developed THE multi-use complex facilities, as well as In USD millions meeting the needs of customers who operator, helping to secure and expand Label, which provides benefits for hotels PLAZA into a world-class 410-room luxury elegant wedding and banquet services. want something upscale and different. opportunities for small and medium-sized and resorts in Southeast Asia; and the boutique hotel. Located in the heart The unit also runs concept restaurants firms under our 63 plan. Golden Horse Hotel and Mines Wellness of Seoul, THE PLAZA offers impeccable such as Chinese Bistro T-won and Oreno Located in premium locations across the 1,896 Hotel in Malaysia. service and experiences accented by its French and Italian restaurants. With a food 1,521 country, including Seoul, Suwon, Cheonan, In addition, we build and evolve our unique interior design. In 2016, the hotel analysis lab certified by the food sanitary Daejeon, and Jinju, Galleria department business constantly, finding success We also operate Seorak Waterpia, Pororo became the first in South Korea to join the inspection institution, a rigorous sanitation stores also offer customers a suite of by promoting new merchandise and Aqua Village in Gyeongju, Jeju Therapy Autograph Collection, a luxury portfolio management system, and a state-of-the- sophisticated shopping opportunities marketing activities. We also find hidden Center, Royal Saddle Equestrian Society, owned by Marriott International. Our art distribution system, we are an industry with distinctive merchandise and localized gems, and buy directly from suppliers to and Jade Garden in Chuncheon—all exceptional customer service and upscale leader in food material supply capability. marketing practices. In 2019, we plan to build our unique collection of goods to renowned attractions and envied by innovations have been recognized by open a new store in Gwanggyo, Suwon offer value and savings to our shoppers. competition. In addition, we operate 63 the industry. THE PLAZA was selected to secure the growth momentum of We engage our customers in person, Square on the Han River, which offers as one of the Top 25 Hotels for Luxury the department store business. With with special shopping events and high-quality services and attractions, and Best Service by the 2017 TripAdvisor new concepts and differentiated spaces, through social media. We listen to our including 63 Art and an elaborate Travelers’ Choice Awards. It also ranked No. the Gwanggyo store will provide a new customers and developed customized aquarium. 3 among Best Luxury Hotels in Korea by Global Traveler, a worldwide business travel

Seorak Sorano combines the beautiful natural Galleria Duty Free 63, launched by scenery of the East Sea with the high peaks of Hanwha Galleria in December 2015, Mount Seorak, where guests can appreciate is transforming Seoul into a shopping a soothing and relaxing experience. Guests destination with four floors of high-end can also enjoy leisure facilities such as Seorak Korean and foreign luxury brands. Waterpia, Seorak Cinerama, Film Lot, and Plaza CC Seorak.

98 99 Hanwha Hanwha Galleria Timeworld is Hanwha Hanwha 63 City was founded in 1986 Hanwha 63 City/SnS Division offers the largest high-end department store as a property management firm, providing expertise in renewable energy solutions Galleria in central South Korea. Specializing in 63 City comprehensive services to raise the value and integrated security systems. And Timeworld luxurious fashion brands from around www.63realty.co.kr of its client assets. after having achieved sustained growth, the world, the store is home to the area’s in 2016, Hanwha Estate was spun www.hanwhagalleria.co.kr first LouisV uitton, Gucci, and Prada We applied expertise built over the years off.Hanwha Estate provides facilities Expertise stores. We’ve cemented our status as the in management of skyscrapers to property maintenance and renewable energy Expertise premier high-end shopping destination Comprehensive property management services that maximize solutions for buildings that use geothermal Retail, fashion, duty-free shops in Daejeon. Our landmark store is easy to management real estate values. Our leasing services energy, photovoltaics, and fuel cells. In the navigate through and provides lounges use a scientific database, and we provide coming year, we will continue to innovate where customers can rest leisurely while focused-investment advising that helps and assist our customers as South Korea’s 2016 Total Sales 2016 Total Sales they shop. It also serves as a cultural hub, our clients make better decisions on their No. 1 property management experts. In USD millions In USD millions housing a community center that hosts properties. By managing the landmark 63 more than 400 seasonal programs during Building, we have sharpened our skills in the year. property management and deepened our 253 143 expertise in electrical facilities, machinery, In September 2015, we launched equipment, disaster prevention, Gourmet World on the store’s top floor. firefighting, communications facilities, 2016 Total Assets 2016 Total Assets The restaurant provides the finest cafeteria cleaning, and security. Our comprehensive In USD millions In USD millions services in the Chungcheong province of technical services include inspection of South Korea. Visitors also enjoy our Culture completed construction sites, safety audits and Play Zone, a multicultural playground of facilities, functional checks of firefighting 430 for families, combined with a prestigious 51 facilities, and interior design work. culture center that has recently been renovated. The quality and diversity of our offerings make us the finest high-end department store in the heart of South Korea.

A Daejeon landmark, Hanwha Galleria Hanwha 63 City is increasing the value Timeworld is the largest upscale department of client real estate asset management by store in central South Korea, with world-class offering comprehensive management that fashion and premium food and beverages. includes the provision of security, energy, machinery equipment, and the firefighting expertise we gained from building management experience of skyscrapers.

100 101 Hanwha Founded in 2001, Hanwha S&C Hanwha Hanwha Station Development provides world-class IT solutions and is our nation’s premier developer and S&C services to a variety of industries, Station manager of railway stations. Since its www.hsnc.co.kr including manufacturing, construction, Development founding in 1987, we have pioneered the financial services, retail, service, and retail and leisure culture by combining www.hwsd.co.kr education. We expertly build customized commercial complexes with private Expertise systems, IT infrastructure and Cloud stations. We developed the building Integrated IT business services operation services that offer customers a Expertise complexes into the centrally located Seoul high degree of stability and security Commercial development, property Station and the Cheongnyangni Station, 2016 Total Sales competitive costs. Our open-stack HONE management logistics hubs in the northeastern part of In USD millions Cloud solution (Hanwha Number Seoul. By leveraging our expertise and ONE Cloud) has earned ISO 27017 capabilities in business assessment, concept 2016 Total Sales certification and is widely recognized. development, project financing, lease In USD millions marketing, construction management, and 314 We are becoming a convergence facility operation, we are fast becoming an industry leader as we incorporate industry-leading developer and manager of 2016 Total Assets smart factories, Internet of Things, and 56 commercial complexes. In USD millions Big Data. In recent years, we’ve been increasingly using sensing technology 2016 Total Assets applications to improve retail, traffic In USD millions flow, and manufacturing. For example, 488 we applied ICT technology to factories, such as facility control, sensing, and information analysis, to realize smart 360 factories and to increase manufacturing efficiency.

Hanwha S&C’s data center embodies state- Located in the northeastern part of Seoul, of-the-art infrastructure integration, while Cheongnyangni Station is a nine-story complex providing solutions to strengthen value for with more than 177,793 square meters of our clients. space, including three underground levels. With a department store, an outlet mall, a theater, and restaurants, it is driving economic growth for the community around it.

102 103 Corporate Social Responsibility

104 105 Building on our world-class solar energy business, Hanwha engages in a range of activities Hanwha supports the diverse lifestyles of our customers and communities with Social that promote and expand the use of solar energy. We strive to help people join the energy Social professional and systematic organization and financial resources.W e do this by backing the Responsibility revolution with activities that counteract climate change, such as using solar energy and Responsibility dreams, hopes, and enthusiasm of people. And by combining our talents with the love of providing support for social welfare facilities. We also offer education and eco-friendly energy people, we’re driven to creative ideas and practical solutions. - Eco-Friendly Solar Energy experiences for young people. - Culture, Arts, and Sports

Grand Prize Winner at the 2016 Seoul International Fireworks Festival photo contest.

Hanwha solar modules donated to the Seoul International Fireworks Festival World Economic Forum Congress Center in Davos Since 2000, Hanwha has held the Seoul International Fireworks Festival to showcase wondrous Installed on the 1000-square-meter roof of the Center with a total of 640 modules, we can reduce spectacle and optimism to the people and their communities.

20 tons of CO2 emissions per year.

• Happy Sunshine Campaign Happy Sunshine Campaign the principles of photovoltaic power Solar Panels Donated to Davos • Orchestra Festival with Hanwha Arts and Culture Seoul International Fireworks Festival Operating and Assisting Sports Teams • Hanwha Hope Project: Hanwha supports the use of sustainable generation. The World Economic Forum, held • Hanwha Pop and Classic Journey Hanwha supports a range of arts and and Time to Burn Campaign in South Korea Happy Sunshine energy in every community with expertise annually in Davos, Switzerland, addresses • Hanwha Classic cultural events. Since 2000, we have Hanwha hosts the Seoul International Through sports, Hanwha has created • Hanwha Solar Forest • Hanwha Seoul International we’ve gained from vertical integration Hanwha Solar Forest pressing issues facing the world, such as sponsored the Orchestra Festival, the Fireworks Festival with the world's leading positive energy and communicated • Solar modules donated to the World Fireworks Festival of our solar businesses. Our best-known Hanwha created the Hanwha Solar environmental sustainability. Since 2013, largest event of its kind in South Korea. Our fireworks technology companies, lighting inspirational messages to sport fans Economic Forum in Davos • Hanwha Time to Burn Campaign Forest mobile game with Tree Planet, up the sky over the Yeouido Han River Park program is Happy Sunshine, our initiative we have donated photovoltaic modules • Hanwha Eagles annual Hanwha Pop and Classic Journey and followers. In 1986, we founded the that donated solar power generation a UNCCD-certified game company.W hen to the City of Davos at the annual World • Team Hanwha has been held in cities around the country every autumn. Since its debut in 2000, Hanwha Eagles to help revitalize systems to community welfare centers in users plant virtual trees, we respond Economic Forum. The solar modules since 2004, and the Hanwha Classic has the festival has wowed over a million professional baseball for fans. We also South Korea. We also operate Hanwha by planting real trees. Since 2011, the donated by Hanwha Q CELLS have presented classical music performances spectators, providing unforgettable established Team Hanwha in 2011 Hope Project, an initiative that donated Hanwha Solar Forest campaign in a capacity of 340KW. This amount of since 2013. In recognition for popularizing memories for families and friends. With and further promoted golf development solar power generation systems to collaboration with the UN Convention energy is enough to reduce 20 tons of classical music and promoting the Korean the slogan of “Sharing Hope through in South Korea by hosting the annual elementary schools in underserved areas to Combat Desertification has planted CO2 emissions per year. Our donation culture and arts, Hanwha was awarded Fireworks,” this has become a flagship Hanwha Classic, the nation’s top in China. We continue to run a solar 490,000 trees across six locations in showcases the possibilities of clean, the Grand Prize at the Mecenat Awards cultural festival. Hanwha Time to Burn tournament. education program for communities Korea, Mongolia, and China to combat sustainable energy. hosted by the Korea Mecenat Association Campaign supports people who cannot and children to improve awareness on desertification and raise awareness of in 2006 and 2011. In 2014, we received the afford leisure time. A unique campaign to the need for eco-friendly energy and climate change. Achievement Award at the SAC Awards by help people achieve their inner dreams Seoul Arts Center. and passion for travel, it is recognized as an extraordinary social contribution program.

106 107 Social Since the Hanwha Social Responsibility Center was founded in 2007 to commemorate Environmental Hanwha actively responds to the changing global energy paradigm and strives to build the company’s 55th anniversary, Hanwha has set up team of employees to participate in a global corporate culture that embraces environmental protection and safety. We are Responsibility volunteer activities at each affiliate companies.W e focus on supporting the dreams and and Safety expanding new and renewable energy businesses centered on solar energy. In response talents of youth, our future leaders. to climate change, we strive to reduce environmental impact with low-carbon energy - Talent Development and Responsibility sources at each stage of business management. Employee Volunteers

Hanwha-KAIST Science Outreach Program, Convergence Science Camp Hanwha Q CELLS, the first solar energy solutions provider to receive the Hanwha with KAIST jointly hosts a science camp to nurture future scientists. Product Carbon Footprint Certification (ISO 14067) Hanwha Q CELLS received the industry-first Product Carbon Footprint Certification (ISO 14067), solidifying our global status.

• Bugil Foundation Supporting Young Leaders of the Future that offer the experience of art, music and challenged children. Since its 2003 launch, • 50,000 TOE Protecting the Environment and Responding to Climate Change and 160,000 tons, an amount equivalent to the • Hanwha Science Challenge Hanwha believes that fostering talented dance to more than 2,000 children in welfare this innovative program has supported (Ton of Oil Equivalent) reduction Addressing Climate Change Reducing Pollutants greenhouse gas reduction of 32 million • Hanwha-KAIST Science people contributes to society. In 2011, institutions. Since 2015, we have offered South study rooms and inclusive classes for of energy use In 1991, through the ECO-2000 campaign, Hanwha is taking the lead in fostering a pine trees. Outreach Program • USD 31 million reduction in we began sponsoring the Hanwha Korean traditional culture and arts education children of all abilities and challenges. We Hanwha became the first South Korean low-carbon society. We joined the Carbon • Hanwha Arts Plus energy costs Science Challenge, a high school science opportunities, including gayageum, a zither- support experiential educational activities company to implement environmental Disclosure Project (CDP) in 2011, and were Establishing a Culture of Safety • DreamPlus • More than 160,000 tons of • Relay Volunteer Service on competition that aims to identify talent in like string instrument, and samulnori, a genre in every industry. We help those who are GHG reduction management. We announced our the first South Korean company to release Hanwha works to gain community trust Foundation Day science and nurture potential Nobel Prize of percussion music. Beginning in 2014, we neglected and those whose environments • Hanwha Petrochemical Environmental Safety and Health Policy carbon management information for all our by promoting safety and creating safe candidates. Since then, we have expanded began operating DreamPlus, a program to have been compromised. Every October, to received ISRS 8 grade in 2000, and have since implemented affiliates. In 2014, Hanwha SolarOne workplaces as part of our corporate culture. our programs to develop scientists of the discover and nurture promising startups. celebrate Hanwha’s founding, all affiliates • Hanwha Corporation’s sustainable management practices for (now Hanwha Q CELLS) was the first Along with regular safety leadership future and established the prestigious We are making dreams come true for future participate in relay volunteer services for the Machinery Division achieved environment safety, health, energy and solar energy solutions provider to receive training for executives, the Hanwha private school, the Bugil Foundation. talents by helping them to grow, create, and disadvantaged and for those who need help. 27-fold accident-free workplace greenhouse gas. We also created a master Product Carbon Footprint Certification (ISO Eco-Institute, Hanwha headquarters, Since 2016, we have also hosted a Hanwha- pursue startups. Our celebration reminds us and keeps us (as of 2016) plan to set performance index targets for 14067), then a new international standard, and individual facilities jointly implement KAIST Science Outreach Program, a science steadfast to our philosophy to do good, for all, 2020 for environmental performance and reinforcing our commitment to the world. our Constant Cross-Check Rule and education program for middle school Caring Employee Volunteers for always. safety. The plan included the reduction In addition, we are reducing greenhouse Absolute Safety Policy. This system students in the Daejeon area. Hanwha Hanwha actively engages in social of greenhouse gases, increasing energy gas emissions and saving energy by monitors the safety status of every plant Arts Plus supports artistic skills and creativity contributions with its employees. One productivity, and improving LTIR (Loss Time organizing an energy task force. Worldwide, and raises employee safety awareness. in youth. Our employees provide various flagship program is a group-wide program Injury Rates). we are building facilities to reduce energy After implementing the policy, Hanwha cultural and arts education to children. designed to improve educational use and waste generation. Last year, we achieved a LTIR of just 0.06, which meets From 2009 to 2014, we provided programs opportunities for low-income and physically reduced greenhouse gas emissions by global corporate standards.

108 109 Hanwha strongly believes our partners are not only companions, but part of the family. Hanwha pursues a future-oriented organizational culture that continuously innovates Winning For small and medium-sized business partners, we help create self-reliant environments that Human while overcoming challenges. To this end, we recruit talented people from all over the world Partnerships encourage good management. We support our partners to build a foundation for the growth Resources and sponsor programs that help employees grow into global talent. Young Hanwha is a and independence. program that fosters this effort, helping us to move forward and build on the passion of our foundation.

Building an eco-friendly energy self-sufficient project on Growing Hanwha with global talent South Korea’s Jukdo Island Together, Hanwha’s worldwide talent is building Young Hanwha. In collaboration with Chungcheongnam-do, Hanwha transformed Jukdo Island to become energy self-sufficient.

• Agreements on fair trade and Commitment to Mutual Growth Building Winning Partnerships safety, process, environment and quality • Global talent program Sharing Values junior managers to key areas, where they Facilitating Work-Life Balance mutual growth Since 2009, Hanwha has fostered Leveraging our spirit of “trust and loyalty,” controls. • Overseas training programs Hanwha strives to hire creative individuals experience local business and culture and Hanwha’s company-wide work-life • Co-prosperity fund collaborative partnerships with over Hanwha stays connected with our • Programs for core talent who are driven to innovate. We seek people become company experts. We also operate balance policies are designed to improve • Private equity fund for mutual 1,500 small and medium-sized enterprises. suppliers. We work frequently with partner Invigorating the Regional Economy • Work-life balance policies who pursue excellence and will be loyal to a special program to select and develop employee quality of life. Our efforts have growth • One-month sabbaticals We help them grow their businesses by companies and have put to practice Hanwha provides opportunities for our customers, colleagues and company core executive talent to lead Hanwha’s received broad recognition. We’re listed as • Regular meetings with partner • Flexible work shifts and an end to companies strengthening their core competencies, our belief in “Going Further Together” by rural areas to shop in department stores overtime values. We seek people who work hard to future and growth. We sponsor global one of Korea’s 100 best places to work, and • Energy self-sufficiency project on supporting their financial needs, and engaging in joint businesses, exchanging and duty-free shops. For example, we find • Job markets achieve their goals and understand what top MBAs and EMBAs as well as the Sloan as a family-friendly and gender-equality South Korea’s Jukdo Island engaging in fair trade practices. In 2011, technology and information and providing hidden high-value-added agro-fishery ultimately supports a greater cause. We Fellows Program for our top talent and company. Commemorating our 64th we promoted mutual growth with our exemptions from the usual performance products that increases local income develop global talent with professionalism potential CEO candidates. We also provide anniversary in 2016, we announced the partners instead of competing with them. guarantees. We are expanding industry- and add them to our retail content. as we operate a range of training programs opportunities to earn masters or doctoral Young Hanwha program and introduced Since then, we have created an annual specific programs to enhance partner Using our micro-grid business, solar for specific jobs and positions. degrees in STEM (Science, Technology, corporate culture initiatives like getting co-prosperity fund of USD 121 million and competitiveness and helping them to energy-linked ESS (Energy Storage System) Engineering and Math) and assign a one-month sabbatical at the time of a private equity fund of USD 172 million expand their domestic and international technology, we transformed Jukdo Island Cultivating Future Global Leaders graduates to work with our R&D staff. promotion, flexible work shifts, and support that’s earmarked for mutual growth. sales networks. We are also supporting in Chungcheongnam-do into an energy Hanwha continues to invest in talent. Our for career management. These initiatives innovation consulting, equipment self-sufficient island, which reduced global talent program nurtures employees are all contributing to laying the foundation purchasing and management practices for energy costs and promoted tourism. with interests in global business and that will ultimately help Hanwha become potential we can develop. In our regional a global top-tier company. specialist program, we send associate and

110 111 Global Americas Europe & Africa China Asia, Middle East, & Oceania Network Brazil Hanwha Techwin (video surveillance system marketing) Czech Republic Hanwha Advanced Materials (producing auto parts) Beijing Hanwha China (supporting Hanwha affiliates in China) Australia Hanwha Q CELLS (sales & marketing) Canada Hanwha Q CELLS (sales & marketing) France Hanwha Q CELLS (sales & marketing) Beijing Hanwha Advanced Materials (producing auto parts) Cambodia Think Biotech (reforestation) Canada Hanwha Canada Development Germany Hanwha Europe (trading) Chongqing Hanwha Advanced Materials (producing auto parts) Cambodia Amru and Hanwha International (agriculture exports) (solar business management) Germany Hanwha TechM (machine tools sales) Dongguan Hanwha Engineering Plastic India Hanwha International (trading) Chile Hanwha Q CELLS (downstream solar) Hanwha Petrochemical Europe (sales) (producing polypropylene) India Hanwha Chemical (sales) Mexico Hanwha Advanced Materials (producing auto parts) Germany Hanwha Advanced Materials (producing auto parts) Hangzhou Sino-Korea Life (life insurance) India Hanwha Q CELLS (sales & marketing) USA Hanwha International (trading) Germany Hanwha Q CELLS GmbH (R&D, sales & marketing) Hong Kong Hanwha Corporation (trading) Indonesia Hanwha Life (life insurance) USA Eagle Petroleum (oilfield development) Germany Hanwha Q CELLS Berlin (EPC) Lianyungang Hanwha Q CELLS Technology Japan Hanwha Q CELLS (sales & marketing) USA Hanwha TechM (powertrain assembly) Italy Hanwha Q CELLS (sales & marketing) (producing PV ingots, wafers) Japan Acropark Golf (golf club and resort operation) USA Universal Bearings (producing bearings) Turkey Hanwha Q CELLS (sales & marketing, downstream solar) Ningbo Hanwha Chemical (producing PVC) Malaysia Hanwha Chemical (sales & marketing) USA Hanwha Machinery America (machine tool sales) UK Hanwha Techwin (video surveillance system sales) Qidong Hanwha Q CELLS (producing solar cells, modules, R&D) Malaysia Hanwha Q CELLS (producing solar cells, modules and R&D) USA Hanwha Techwin (video surveillance system sales) UK Hanwha Q CELLS (sales & marketing) Shanghai Hanwha International (trading) Saudi Arabia Hanwha Saudi Contracting (operation support) USA Hanwha Azdel (producing auto parts) Shanghai Hanwha Chemical (trading) USA Hanwha Advanced Materials (producing auto parts) Shanghai Hanwha Petrochemical Trading USA Hanwha America Development (real estate development) (polyethylene and polypropylene sales) USA Hanwha Q CELLS (sales & marketing) Shanghai Hanwha Q CELLS (sales) USA 174 Power Global Corporation (sales & marketing) Shanghai Hanwha Advanced Materials (producing auto parts) USA Hanwha Life Investment (investment) Suzhou Hanwha TechM (machine tools and powertrain assembly) Tianjin Hanwha Techwin (producing video surveillance system and sales)

• Bakersfield • Monterrey • Aix-en-Provence • Moscow • Cyberjaya •Chongqing Beijing • Seoul • Bremen • Santiago • Athens • Stuttgart • Ho Chi Minh •G Chongqinguangzhou • Nagasaki • Cerritos • São Paulo • Warsaw • Jakarta •D Dongguanongguan • Tokyo • Chicago • Berlin • Kuala Lumpur •Shenzhen Guangzhou We have maintained trusted partnerships • Forest • Bitterfeld-Wolfen • Al Khobar • Manila •Beijing Hangzhou • Perth that have lasted more than 60 years. • Franklin • Bolzano • Almaty • Muara Teweh •T ianjinHong Kong • Sydney Together, we have collaborated, invested, • Hawaii • Budapest • Baghdad • Mumbai •Lianyungang Lianyungang and built across markets in almost • Irvine • Chertsey • Bismayah City • New Delhi •Hangzhou Ningbo every continent. Together, we have grown. Hanwha has 61 affiliates in • Monroe • Dietfurt • Doha • Phnom Penh •Suzhou Quidong South Korea alone and 258 networks • New York • Eschborn • Dubai • Samut Prakan •N Shanghaiingbo around the world (as of May 2017). • Opelika • Frýdek-Místek • Kuwait City • Singapore • Shenzhen And as we continue improving quality • Pontiac • Istanbul • Modi'in- • Taipei •Shanghai Tianjin and innovating to exceed customer • Saipan • London Maccabim-Re'ut • Tehran •Q Zidonghangjiagang expectations, Hanwha will continue to grow beyond today’s interconnected • Shelby • Yangon global business environment. • Teaneck • Johannesburg • Bangkok This is the Hanwha Group. • London • Nairobi • Vancouver 112 113 KOREA Hanwha Petrochemical FINANCE SERVICES & LEISURE CHINA Hanwha Techwin (Tianjin) Hanwha Petrochemical Hanwha Q CELLS Co., Ltd. Co., Ltd. Trading (Beijing) (Shanghai) Co., Ltd. MANUFACTURING & www.hanwha-total.com Hanwha Life Insurance Hanwha Hotels & Hanwha China No. 11 Weiliu Road, Micro- RM 812, Taikang Financial Tower RM 207-210, Techwork, No. 2889 CONSTRUCTION 103, Dokgot 2-ro, Daesan-eup Co., Ltd. Resorts Co., Ltd. 27F Taikang Finacial Tower electronic Industrial Park, Jingang 38# Yard East 3rd ring North Road Jinke Road, Pudong New Area Seosan, Chungcheongnam-do www.hanwhalife.com www.hwrc.co.kr No.38 Yard East 3rd Ring North Road, Tianjin 300385, China Chaoyang, Beijing 100026, China Shanghai, 201206, China Hanwha Corp. Korea 50, 63-ro 50, 63-ro Road Chaoyang District, Beijing Tel 86.22.2388.7788 (8700) Tel 86.10.8587.9660 Tel 86.21.6858.7519 www.hanwhacorp.co.kr Tel 82.41.660.6114 Yeongdeungpo-gu, Seoul Yeongdeungpo-gu, Seoul 100026, China Fax 86.22.2388.7788 (8505) Fax 86.10.8587.9600 Fax 86.21.6858.7520 86, Cheonggyecheon-ro Fax 82.41.681.4812 Korea Korea Tel 86.10.6583.7777 Jung-gu, Seoul, Korea Tel 82.2.789.6114 Tel 82.1588.2299 Fax 86.10.6517.7919 Hanwha Chemical Hanwha Petrochemical Hanwha Q CELLS Tel 82.2.729.1881 Hanwha Advanced Fax 82.2.784.7217 Fax 82.2.789.5484 (Shanghai) Co., Ltd. Trading (Shanghai) (Qidong) Co., Ltd. Fax 82.2.752.3475 Materials Corp. Hanwha (H.K.) Co., Ltd. RM 2106, New Caohejing RM 903, Tower B, Dawning Centre 888 Linyang Road, Qidong www.hwam.co.kr Hanwha General Insurance Hanwha Galleria Co., Ltd. Unit 2201, 22/F, Golden Centre International Business Center A No. 500 HongbaoShi Road Jiangsu 226200, China Hanwha Techwin Co., Ltd. 79-20, Geumhoangol-gil Co., Ltd. www.hanwhagalleria.co.kr 188 Des Voeux Road Central No. 391, Guiping Road, Xuhui Changning, Shanghai 201103, Tel 86.513.8360.6222 www.hanwhatechwin.co.kr Bugang-myeon, Sejong www.hwgeneralins.com 50, 63-ro Hong Kong District, Shanghai 200233, China China Fax 86.513.8360.6376 86, Cheonggyecheon-ro Korea 56, Yeoui-daero Yeongdeungpo-gu, Seoul Tel 852.2529.9325 Tel 86.21.6278.5556 Tel 86.21.3152.9018 Jung-gu, Seoul, Korea Tel 82.44.279.8400 Yeongdeungpo-gu, Seoul Korea Fax 852.2529.4678 Fax 86.21.6278.8728 Fax 86.21.3252.2286 Hanwha Q CELLS Tel 82.2.729.2900 Fax 82.44.279.8809 Korea Tel 82.2.410.7114 Technology Co., Ltd. Fax 82.2.729.2904 Tel 82.1566.8000 Fax 82.2.414.0025 Hanwha International Hanwha Chemical Hanwha Petrochemical 66 Dapu Road Fax 82.2.316.8443 (Shanghai) Co., Ltd. (Ningbo) Co., Ltd. Trading (Shenzhen) Lianyungang ECO & TECH. Hanwha Land Systems www.yncc.co.kr Hanwha Galleria Timeworld RM 59, 5F, No. 1438 No. 55, Huandao North Road RM 2304, Excellence Development Zone, Lianyungang Co., Ltd. 8F, Korea Chamber of Commerce & Hanwha Investment & Co., Ltd. Hongqiao Road Changning Daxie Development Zone Time Square Building Jiangsu 222069, China www.hanwhalandsystems.co.kr Industry Building Securities Co., Ltd. www.hanwhagalleria.co.kr District, Shanghai, China Ningbo, Zhejiang 315812, China No. 4068 Yitian Road Tel 86.518.8115.1111 86, Cheonggyecheon-ro 39, Sejong-daero, Jung-gu www.hanwhawm.com 211, Daedeok-daero Tel 86.21.6217.0096 Tel 86.574.8677.8013 Futian, Shenzhen 518048, China Fax 86.518.8115.1211 Jung-gu, Seoul, Korea Seoul, Korea 56, Yeoui-daero Seo-gu, Daejeon, Korea Fax 86.21.3209.2312 Fax 86.574.8675.1067 Tel 86.755.2399.6516 Tel 82.2.729.5500 Tel 82.2.6050.2400 Yeongdeungpo-gu, Seoul Tel 82.42.480.5000 Fax 86.755.2399.6510 Sino-Korea Life Insurance Co., Fax 82.2.729.5820 Fax 82.2.6050.0888 Korea Fax 82.42.480.5544 Hanwha (H.K.) Co., Ltd. Hanwha Chemical Ltd. Tel 82.2.3772.7000 Shanghai Representative Corporation Beijing Hanwha 24F, TowerA UDC Building Hanwha Systems Co., Ltd. Hanwha Engineering & Fax 82.2.3772.7099 Hanwha 63 City Corp. Office Representative Office Advanced Materials 8 Xin Ye Road, QianJiang CBD www.hanwhasystems.com Construction Corp. www.63realty.co.kr 20, 21F International Business 27F, Taikang Financial Tower (Beijing) Co., Ltd. Hangzhou 310016, China 86, Cheonggyecheon-ro www.hwenc.co.kr Hanwha Asset Management 50, 63-ro Center A, No.391 Guiping Road No.38 Yard East 3rd Ring North Zhongguancun Science Park Tel 86.571.8583.7888 Jung-gu, Seoul, Korea 24, Yeoui-daero Co., Ltd. Yeongdeungpo-gu, Seoul Shanghai, China Road, Chaoyang District (East Sector), Changping Zone Fax 86.571.8583.8999 Tel 82.2.729.3030 Yeongdeungpo-gu, Seoul www.hanwhafund.com Korea M 86.186.2136.0032 Beijing, China 4 Lixiang Road Fax 82.2.729.4800 Korea 50, 63-ro Tel 82.2.789.6363 Tel 86.10.6583.7973 Beijing 102200, China Hanwha Life Tel 82.2.2055.6000 Yeongdeungpo-gu, Seoul Fax 82.2.789.5678 Hanwha TechM (Suzhou) Fax 86.10.6583.7999 Tel 86.10.6073.5435 (A Liaison Office in Hanwha Defense Systems Fax 82.2.2055.5770 Korea Co., Ltd. Fax 86.10.6073.5459 Hong Kong) Co., Ltd. Tel 82.2.6950.0000 Hanwha S&C Co., Ltd. North Side of Sigang Segment Hanwha Chemical Unit 2709, 27F, The Center www.hanwha-defensesystems.co.kr Hanwha Q CELLS Corp. Fax 82.2.6950.0009 www.hsnc.co.kr Zhangyang Road, Zhangjiagang Corporation Shanghai Hanwha 99 Queen’s Road, Central 779, Gongdan-ro, Seongsan-gu www.hanwha-qcells.com 100, Euljiro Economic and Technology Representative Office Advanced Materials Hong Kong Changwon 86, Cheonggyecheon-ro Hanwha Savings Bank Jung-gu, Seoul, Korea Development Zone, Zhangjiagang RM 2106, New Caohejing (Shanghai) Co., Ltd. Tel 852.2169.0612 Gyeongsangnam-do, Korea Jung-gu, Seoul, Korea www.hanwhasbank.com Tel 82.2.6313.3114 Jiangsu 215600, China International Business Center A Jiading Industrial Zone Fax 852.2529.4698 Tel 82.55.280.6114 Tel 82.2.729.2336 139, Bucheon-ro Fax 82.2.6313.3951 Tel 86.512.8959.8910 No. 391, Guiping Road, Xuhui 1201 Xingrong Road Fax 82.55.280.6133 Fax 82.2.729.2086 Bucheon, Gyeonggi-do, Korea Fax 86.512.8959.8365 District, Shanghai, 200233, China Shanghai 201807, China Hanwha Life Beijing Tel 82.32.657.5000 Hanwha Station Tel 86.21.6278.5556 Tel 86.21.3996.3996 Representative Office Hanwha Power Systems Hanwha Q CELLS Korea Fax 82.32.666.2320 Development Co., Ltd. Hanwha Corporation Fax 86.21.6278.8728 Fax 86.21.3996.3911, 3922 27F Taikang Financial Tower Co., Ltd. Corp. www.hwsd.co.kr Beijing Representative Office No. 38 Yard East 3rd Ring North www.hanwhapowersystems.com www.hanwha-qcells.com 405, Hangang-daero 27F, Taikang Financial Tower Hanwha Chemical Hanwha Advanced Road Chaoyang District, Beijing 1204, Changwon-daero, 86, Cheonggyecheon-ro Jung-gu, Seoul, Korea No. 38 Yard East 3rd Ring North Corporation Guangzhou Materials Chongqing Co., 100026, China Seongsan-gu, Changwon-si, Korea Jung-gu, Seoul, Korea Tel 82.2.390.4000 Road, Chaoyang District Representative Office Ltd. Tel 86.10.6583.7900 Tel 82.70.7147.5452 Tel 82.2.729.3163 Fax 82.2.390.4004 Beijing 100026, China RM 1905, West Tower No. 18 Qixia Road, New North Fax 86.10.6583.7925 Fax 82.70.0000.0000 Fax 82.2.729.3160 Tel 86.10.6583.7973 Fortune Plaza No. 116-118 Zone Chongqing, China Hanwha Eagles Fax 86.10.6583.7999 Tiyudong Road, Guangzhou, China Tel 86.023.8856.7758 Hanwha Precision Hanwha Energy Corp. Professional Baseball Club Tel 86.20.3893.1553 Machinery Co., Ltd. hec.hanwha.co.kr www.hanwhaeagles.co.kr Hanwha Corporation Fax 86.20.3893.1546 www.hanwhaprecisionmachinery.com Sejong Post Building Hanbat Sports Complex Guangzhou Representative 6, Pangyo-ro 319beon-gil, 499, Hannuri-daero 373, Daejong-ro Office Dongguan Hanwha Bundang-gu, Seongnam-si, Korea Sejong-si, Korea Jung-gu, Daejeon, Korea Fortune Plaza, West Tower Engineering Plastic Tel 82.70.7147.7151, 6322 Tel 82.44.850.3500 Tel 82.42.630.8200 RM 1903 #114-118 HuPan Park, Matigang Village Fax 82.31.8018.3721 Fax 82.44.850.3599 Fax 82.42.632.2929 Tiyudong Road, Guangzhou, China DaLingShan Town, Dongguan City Tel 86.20.3893.1567 Guangdong 523000, China Hanwha Chemical Corp. Hanwha City Development Bugil Foundation Fax 86.20.3893.2760 Tel 86.769.8278.1999 hcc.hanwha.co.kr Co., Ltd. www.bugil.hs.kr Fax 86.769.8278.1998 86, Cheonggyecheon-ro www.hcd21.co.kr San 11-1, Sinbu-dong Jung-gu, Seoul, Korea 15F, Seyoung Building Cheonan Tel 82.2.729.2700 199, Gwongwang-ro Chungcheongnam-do, Korea Fax 82.2.729.2999 Paldal-gu, Suwon, Korea Tel 82.41.520.8866 Tel 82.31.8014.7000 Fax 82.41.520.8889 Hanwha General Chemical Fax 82.31.8014.7009 Co., Ltd. hgc.hanwha.com 71, Sapyeong-ro Nam-gu, Ulsan, Korea Tel 82.52.278.6000 Fax 82.52.278.6340

114 115 JAPAN SOUTHEAST ASIA & Hanwha Corporation Tawasul Al-Ezdihar Co.,Ltd. Hanwha E&C Kuwait AMERICAS & Hanwha Hanwha Q CELLS Chile SPA MIDDLE EAST Jakarta Representative Office Bismayah New City Representative Office OCEANIA Advanced Materials Enrique Foster Sur, 39. Planta 12 Hanwha Chemical S. Widjojo Building, 9F Project Site, Tawasul Al-Ezdihar 23F, Al-Madeena 2 America LLC Las Condes, Santiago, Chile Corporation Tokyo Office Hanwha International (S) J.L. Jend. Sudirman 71 Office, Iraq Plot 42, Block 11 Hanwha International LLC 4400 Northpark Drive Tel 562.2378.7734 9F, Hanwha Building, 10-1 Pte. Ltd. Jakarta 12190, Indonesia Tel 82.2.729.3038 Fahed Al-Salem Street, Qibla 300 Frank W. Burr Blvd. Opelika, AL 36801, USA Shiba 4-chome Minato-ku 4 Shenton Way Tel 62.21.520.5815 Kuwait City, Kuwait Suite #52 Teaneck Tel 1.334.741.7725 Hanwha Q CELLS Tokyo 108-0014, Japan #15-05/06 SGX 2 Center Fax 62.21.520.5810 Hanwha Techwin Tel : 82.2.729.2477 NJ 07666, USA Fax 1.334.741.7796 Australia Pty. Ltd. Tel 81.3.5441.5976 Singapore 068807 Middle East FZE. Tel 1.201.347.3000 Unit 1402, 20 Berry St. Tel 65.6227.3139 Hanwha Corporation JAFZA View LOB 18, 20th Floor Hanwha E&C Iraq • Shelby Plant North Sydney, NSW 2060 Hanwha Petrochemical Fax 65.6227.9337 Ho Chi Minh Jebel Ali Free Zone, Dubai Representative Office Eagle Petroleum LLC 925 Washburn Switch Road Australia Japan Branch Representative Office United Arab Emirates Harlow Riverside, Villa 775 Triangle Building, Suite 220 Shelby, NC 28150, USA Tel 61-2-9016-3033 9F, Grand Central Tower Hanwha Mining Services Saigon Riverside Office Center, 15F Tel 971.4.447.8601 Street 32, District 925, East Karrada 5201 California Avenue Tel 1.704.434.2271 Fax 61-2-9016-3032 Konan-2-16-4, Minatoku Singapore Pte. Ltd. RM 1504 2A-4A Fax 971.4.447.8666 Baghdad, Iraq Bakersfield, CA 93309, USA Fax 1.704.434.7465 Tokyo 108-0075, Japan 8 Cross St. #10-00 65 Ton Duc Thang St. Dist.1 Tel : 82.2.729.4150 Tel 1.661.873.4684 Hanwha Canada Tel 81.3.6369.6067 PWC Building, Singapore Ho Chi Minh City, Vietnam Hanwha Techwin Fax 1.661.873.4689 • Monroe Plant Development Fax 81.3.6369.6066 Tel 65.8332.4313 Tel 84.8.3822.7301 Singapore Branch Hanwha Q CELLS Malaysia 1530 E Front St. Monroe 2860 Innovation Drive London Fax 84.8.3822.7302 4 Shenton Way #15-06 Sdn. Bhd. Hanwha TechM USA LLC MI 48161, USA Ontario, Canada Hanwha Q CELLS Japan Think Biotech (Cambodia) Co., SGX Centre 2, 068807, Singapore Lot 1, Jalan SP 2, Seksyen 2 1500 East Highwood, Pontiac Tel 1.734.457.5600 Co., Ltd. Ltd. Hanwha Corporation Tel 65.6221.7512 Selangor Science Park 2, Cyberjaya MI 48340, USA Fax 1.734.457.9894 Hanwha Life Investment 8F, Hanwha Building, 10-1 #24 St. 337 Sangkat Boeung Kak I Manila Representative Fax 65.6227.9337 Selangor 63300, Malaysia Tel 1.248.588.1242 (USA) Ltd. Shiba 4-chome, Minato-ku Khan Tuol Kork, Office Tel 60.3.83.15.00.00 Fax 1.248.588.1246 Hanwha Suite 2860, 575 Lexington Avenue Tokyo 108, Japan Phnom Penh, Cambodia 168 Golden Rock Building 4F, Unit P&W NGPF Manufacturing Fax 60.3.83.20.26.60 Advanced Materials New York, NY 10022, USA Tel 81.3.5441.5900 Tel 855.23.990.214 4022, 168 Salcedo St. Legaspi Company Singapore Pte Ltd. Universal Bearings LLC Mexico S. De R.L. De C.V. Tel 1.201.308.7944 Fax 81.3.5441.5921 Fax 855.23.990.215 Village, Makati City, Philippines 51 Seletar Aerospace View Hanwha Q CELLS 431 N Birkey St. Prolongación Avenida Tecnológico Fax 1.212.308.7502 1229 797506, Singapore Solar Power Bremen, IN 46506, USA #1345 Fraccionamiento Monterrey Hanwha Life Tokyo Amru and Hanwha Tel 63.2.840.1330 Tel 65.6461.9700 Upper Penthouse, Wisma RKT No. 2 Tel 1.574.546.2261(265) Technology Park Ciénega de Hanwha Life New York Representative Office International Co., Ltd. Fax 63.2.893.9482 Fax 65.6461.9705 Jalan Raja Abdullah Flores, NL. 65550, Mexico Representative Office 9F, Hanwha Building 10-1 #15A, Phum Boeung Salang Off Jalan Suitan Ismail 50300 Hanwha Tel 52.81.5000.9243 Suite 2860, 575 Lexington Avenue Shiba 4-chome, Minato-ku Sangkat Russei Keo S&P World Networks DMCC Hanwha Chemical Kuala Lumpur, Malaysia Machinery America Inc. New York, NY 10022, USA Tokyo 108-0014, Japan Khan Russei Keo, Phnom Penh Unit 2408, JBC5, Cluster W, Malaysia Sdn. Bhd. Tel 60.3.83.15.00.00 9750 South Oakwood Park Drive Hanwha America Tel 1.212.308.3690 Tel 81.3.5441.5906 Cambodia Jumeirah Lakes Towers 22.04 Level 22 Menara Citibank Fax 60.3.83.20.26.60 Franklin, WI 53132, USA Development Inc. Fax 1.212.308.7502 Fax 81.3.5441.5921 Tel 855.23.990.987 Dubai, P.O. Box 643730, UAE 165 Jalan Ampang Tel 1.414.421.2300 225 N. Columbus Drive, Suite 100 50450 Kuala Lumpur Malaysia Hanwha Q CELLS Chicago, IL 60610, USA World Corporation Acropark Golf Corp. Hanwha International Hanwha Corporation Tel 603.2161.8001 (Thailand) Co., Ltd. HSSC Stainless, INC. Tel 1.312.469.8093 P.O. Box 500066 Tonegou 95, Kinkaitso, Nagasakisi India Pvt. Ltd. Almaty Representative Office 5F, 87 M.Thai Tower All 16331 Carmenita RD, Cerritos Fax 1.312.255.8280 Saipan, MP 96950, USA Nagasakiken, Japan No. 35, 3F, Maker Chamber III Nurly Tau Business Center 4A, 10F Hanwha Chemical Seasons Place, Wireless Road CA 90703, USA Tel 1.670.234.5900 Tel 81.95.884.3737 Nariman Point, Mumbai 400 021 RM 48, 7 Alfarabi Prospect Almaty (Thailand) Co., Ltd. Lumpini Pathumwan Tel 1.562.745.7199 Hanwha Hawaii, LLC Fax 1.670.234.5909 Fax 81.95.884.2535 India 050059, Republic of Kazakhstan www.hanwhath.com Bangkok 10330, Thailand 841 Bishop St, Suite 1601 Tel 91.22.2204.3720 Tel 7.727.311.0273, 0274 377 Moo 17, Bangna-Trad Road Tel 66.2.6543181 Hanwha Techwin America Honolulu, Hawaii, USA Hanwha Resources Fax 91.22.2204.3719 Fax 7.727.311.0275 Bangsaothong, Bangsaothong Fax 66.2.6543182 500 Frank W. Burr Blvd. Teaneck Tel 1.80.469.4875 (Canada) Ltd. Samut Prakan 10540, Thailand NJ 07666, USA 1200 Waterfront Centre NBL (PT. NANTOY BARA LESTARI) Hanwha Corporation Tel 66.2.315.3204 Hanwha Q CELLS GmbH Tel 1.877.213.1222 Hanwha Q CELLS 200 Burrard St. Jl.Semoga Indah No. 69 RT. 14RW. Tehran Office Fax 66.2.315.3591 Representative Office Fax 1.201.373.0124 America Inc. PO Box 48600 Vancouver, Canada 04 Kelurahan, Lanjas Muara Teweh No. 6, 7F, Sayeh Building 9 Daphna St. Modiin 71705, Israel 300 Spectrum Center Drive BC V7X 1T2 Indonesia Valiasr St. Tehran, Iran Hanwha Chemical Tel 972 .77.915.9192 Hanwha Techwin Suite 1250, Irvine, CA 92618, USA Tel 62.21.6288585 Tel 98.21.2204.4274 India Pvt. Ltd Fax 972.8.975.9192 Automation Americas, Inc Tel 1.949.748.5996 Hanwha Mining Services Fax 98.21.2204.0872 Unit No.105 - 106, Rectangle 1 17835 Sky Park Circle Suite E, Irvine Chile SPA PT. Hanwha Mining Services D-4, District Centre, Saket Hanwha Q CELLS Corp. CA 92614, USA Hanwha Q CELLS Cerro El Plomo 5630, Indonesia Hanwha Techwin New Delhi-110017, India New Delhi Liaison Office Tel 1.949.222.2265 USA Corp. Piso 9 Las Condes Citicon Tower JI. Letjen S Parman Dubai Branch Tel 91.11.4517.8400 Office No. 434, Level 4, Rectangle 1 300 Spectrum Center Drive Santiago, Chile Kav. 72, 11F, Unite F2 RT.RW. Sub- P.O.Box 121151 Commercial complex D.4 Hanwha Techwin Do Brasil Suite 1250, Irvine, CA 92618, USA Tel 56.2.2666.4231 district of Slipi District of Palmerah 8F, RM 805 Hanwha Petrochemical Saket, New Delhi, India 110017 Av. das Nações Unidas Tel 1.949.748.5996 West Jakarta DKI Jakarta Raya Arenco Tower, Media City Singapore Branch Tel 91.11.6654.4759 nº 14.401 - 3° Flow - São Paulo – SP Hanwha Mining Services 11410 Indonesia Dubai, U.A.E 048581 16 Raffles Quay Fax 91.11.6654.4052 – CEP 04794 – 000 174 Power Global Corporation Australia Pty Ltd. Tel 62.21.2930.8840 Tel 971.4.447.8602 (Security) #14-03A Hong Leong Building Tel 55.11.98368.3424 300 Spectrum Center Drive 179 St Georges Terrace Perth Tel 971.4.447.8610 Singapore Hanwha Life Insurance Suite 1250, Irvine, CA 92618, USA WA 6000, Australia Hanwha Corporation (energy equipment) Tel 65.6223.5288 Vietnam Ltd. Hanwha Azdel Inc. Tel 1.949.748.5996 Tel 61.8.6181.0300 Taipei Representative Office Fax 971.4.447.8666 Fax 65.6223.1828 14F, Fideco Tower 2000 Enterprise Drive 8F-4, 207, Tun-Hwan Road 81.85 Ham Nghi St. Forest, VA 24551, USA Hanwha Q CELLS Taipei, Taiwan Hanwha Techwin Hanwha Saudi Dist. 1, Ho Chi Minh City, Vietnam Tel 1.434.386.4081 Canada Inc. Tel 886.22.547.3355 QFC Branch Contracting Co., Ltd. Tel 84.8.3914.9100 Fax 1.434.385.6532 2860 Innovation Drive London Fax 886.22.546.9955 1046, Shoumouch Towers Delmon Building M Floor Fax 84.8.3914.9101 Ontario N6M 0C5, Canada 10th floor, Tower B, C-Ring Road Prince Sultan Road Al-Khobar Tel 1.519.457.8325 Hanwha Corporation Al SADD, Doha, Qatar Kingdom of Saudi Arabia PT. Hanwha Life Fax 1.519.457.9641 Yangon Representative Office Tel 974.4007.5130 P.O.Box 31156 Al-Khobar 31952 Insurance Indonesia No. 33 (A), Pyay Road, 7 Mile Fax 974.4007.5001 Tel 82.2.729.5824 Ratu Plaza, Jl. Jend. Mayangone Township, Yangon Sudirman Kav. 9 Myanmar Jakarta Pusat 10270 Tel 95.977.810.6340 Indonesia Tel 62.21.8378.0882 Fax 62.21.8372.0883

116 117 EUROPE Hanwha Petrochemical Hanwha Life Co., Ltd. AFRICA Europe 6th Floor, City Tower Hanwha Europe GmbH Kölner Straße 10b 65760 Eschborn 40 Basinghall St. Hanwha Corporation www.hanwha.de Germany London EC2V 5DE, UK External Profit Company Kölner Straße 10 Tel 49.6196.779.5217 Tel 44.207.826.4021 (Johannesburg) 65760 Eschborn, Germany Fax 44.207.7826.4029 Unit 14 Commercia Business Tel 49.0171.791.7364 Hanwha Park.138 Setter Road Midrand Fax 49.61965016.90 Advanced Materials Industrial Park, Commercia Europe, s.r.o. Republic of South Africa Hanwha Europe GmbH Priborska 208, 739 42 Frydek Tel 27.81.459.9538 Warsaw Representative Office Mistek Chlebovice, Czech Republic M 27.81.410.4144 Curtis Plaza 18 Wolska Str. Tel 420.552.304.608 02-675, Warsaw, Poland Fax 420.552.304.619 Hanwha Corporation Tel 48.660.282.940 Nairobi Representative Office Fax 48.660.700.810 Hanwha X2, Kamirembe place, Ring Road Advanced Materials Kilimani, Nairobi, Kenya Hanwha Europe Istanbul Germany GmbH Tel 254.774.592.169 Representative Office Industriestraße 27 General Ali Rıza Gϋrcan Cd. 92345 Dietfurt, Germany Merter İş Merkezi No. 2 Ofis:48 Tel 49.8464.6423.0 Merter, Istanbul, Turkey Fax 49.8464.6423.44 Tel 90.212.481.4271 Fax 90.212.482.7987 Hanwha Q CELLS GmbH www.q-cells.com Hanwha Europe GmbH Sonnenallee17-21 Budapest Representative Office 06766 Bitterfeld-Wolfen, Germany Dayka Gabor U.3, Tel 49.3493.6699.0 Rubin Business Center RM 204 Fax 49.3494.6699.199 1118, Budapest, Hungary Tel 36.1.319.3236 Hanwha Q CELLS Berlin Fax 36.1.319.3234 Representative Office Lorenzweg 5, 12099 Hanwha Corporation Berlin, Germany Athens Representative Office Tel 49.3493.6699.0 Rizariou 2A and Mikras Asias 66 Fax 49.3494.6699.23000 Chalandri, Athens 15233, Greece Tel 30.210.685.8280 Hanwha Q CELLS France Fax 30.210.685.8240 Office Immeuble le CALYPSO Hanwha Corporation 25, Rue de la petite Duranne Moscow Representative Office 13100 Aix-en-Provence, France Leninsky Prospekt 113 / 1 Tel 33.6.46.88.48.18 Park Place Business Center Office 212D Hanwha Q CELLS UK Office Moscow 117198, Russia Level 6, City Tower Tel 7.495.662.3001, 3002 40 Basinghall St. Fax 7.495.662.3003 London EC2V 5DE, UK Tel 44.7717.538494 Hanwha Corporation Stuttgart Representative Office Hanwha Q CELLS Italy Office Tilsiter Str. 6 71065 Sindelfingen Via Leonardo Da Vinci 12 Stuttgart, Germany 39100 Bolzano, Italy Tel 49.7031.4699.211 Tel 49.3494.6699.0 Fax 49.7031.4699.213 Fax 49.3494.6699.199

Hanwha Techwin Hanwha Q CELLS Turkey Europe Ltd. www.q-cells.com Heriot House Heriot Road Ayazağa Yolu Chertsey Surrey Eski Büyükdere Cad. No. 7 KT16 9DT, UK Giz 2000 Plaza Tel 44.0.1932.82.8100 Maslak - Istanbul, Turkey Fax 44.0.1932.82.8101 Tel 90.(0).212.290.7200 Fax 90.(0).212.290.7202

November 2017 Published by Hanwha Group Management & Planning H.Q 118 119 This publication was produced using the Forest Stewardship Council certified paper and printing method to protect forest resources.

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