Sunwah  Interna,onal  (TSX:  SWH)      

Investor  Presenta,on  

February  2014      

Execu,ve  Summary  

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Bringing the Best of

Both Worlds together for

20+ years

v  TSX-listed (SWH) global financial services provider; founded in 1990.

v  Linking quality companies with strategic investors with a focus on Asian opportunities for Western Companies.

v  Hong Kong based with additional offices in Hong Kong, Macau, Beijing, Shanghai, Shenzhen and Toronto.

v  Publicly listed in Canada for 20 years; active in China for 20+ years.

v  SWH represents the financial services division of Sunwah Group, a major Asian based, international conglomerate.

v  Principal operating subsidiary is listed on the Stock Exchange of Hong Kong with award-winning brokerage operations.

v  Extensive relationship base and strategic investor network.

v  Proven expertise, seasoned management team and Board.

v  Repositioned to increase shareholder value.

Sunwah  Group  

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v  SWH’s majority shareholder is Sunwah Group, a Hong Kong based international conglomerate founded in 1957 and one of Asia’s largest seafood trading and processing groups.

v  Operations in Hong Kong, Macau, China, Vietnam, Cambodia, Canada, and Australia.

v  Dr Jonathan Choi leads Sunwah Group’s initiatives over its multi faceted businesses.

v  Dr. Choi holds high profile positions in many trade, political, community and university organizations, both domestically and internationally.

v  Provides SWH with high-level business affiliations and ability to leverage the well-known Sunwah brand in Asia.

v  Instrumental in Vietnam’s development as one of the country’s major foreign investors.

Sunwah Group is the largest SWH shareholder with a stake

of 67%

SWH  Current  Corporate  Structure  

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SWH (TSX Listed)

Sunwah Group

Other Investors

67% 33%

Asset Management Group

Capital Markets Group

Strategic Investment Group

Sunwah Kingsway

Capital (SWK)

Kingsway Capital

of Canada

•  HKEx: 0188 •  Broker Dealer •  Equity Capital Markets •  Corporate Finance •  Sales & Trading •  Research

•  Corporate advisory services •  Financial transaction advisory services

65.56% 100%

Core  Business  

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Linking international growth with

strategic Asian capital

v  Business model focused on capitalizing on Asian growth – mainly China and Southeast Asia.

v  Our Capital Markets Group comprises SWH’s main business: §  HK brokerage/corporate finance, Sunwah Kingsway. §  Toronto based, Kingsway Canada. §  International advisory team based in Hong Kong.

v  SWH is positioned to capitalize on China’s flourishing consumerism: §  China’s growth and Chinese enterprise activity in HK markets. §  China’s ongoing need for foreign natural resources.

v  Other key and evolving areas of focus for SWH include: §  Rapid and accelerating growth in Southeast Asian markets such as

Thailand, Myanmar, Cambodia and Laos. §  Significant eastward bound capital inflows from Europe, NA and the

Middle East, particularly to China and Southeast Asia. §  The accelerating flow of capital from China to other international

markets.

Capital  Markets  Group  (CMG)  

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A reputation for capital

markets excellence

spanning 20+ years

v  SWH – HK based international advisory team §  Provision of premium advisory solutions. §  Serving a variety of clients ranging from Chinese SOEs seeking foreign

partners to Western companies seeking Asian partners and capital.

v  Sunwah Kingsway Capital Holdings Limited §  Hong Kong based with offices in Beijing, Shanghai and Shenzhen. §  Award-winning brokerage operations and provider of premium

financial solutions: Corporate finance, sales, trading and research. §  Strong international and domestic distribution; wide-reaching

relationships. §  Listed on the Hong Kong Stock Exchange (stock code: 0188).

v  Kingsway Capital of Canada Inc. §  Provision of quality corporate advisory services. §  Domestic and international strategies. §  Revitalized management team and focus.

Our  Compe,,ve  Advantage  

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Our edge lies in our

experience, reputation

and Chinese roots.

v  Credibility associated with the high profile names, brands and connections of Sunwah Kingsway (HKEx: 188) and the Sunwah Group in Asia.

v  The experience, track record and network of one of Hong Kong’s most active boutique brokerage houses (Sunwah Kingsway).

v  Strong client investor list and governmental relations.

v  Experts in Asian diversification: §  Specialized suite of services. §  Optimal transaction structuring. §  Ongoing advisory support as needed

v  Our Chinese and Asian roots – Significant knowledge of, and experience with, business practices in China and Southeast Asia.

v  Mid-tier niche focus.

The  Opportunity  

SWH is trading

substantially below its

NAV

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v  SWH’s Net Asset Value (NAV) is $44.6 M (as at 31/12/2013).

v  SWH is trading at a significant discount to its NAV due mainly to: §  Poor overall capital market liquidity. §  A lack of share liquidity. §  An underdeveloped public/investment profile.

v  Management is implementing various initiatives with the aim of increasing share price/liquidity.

As at 31 Dec 2013US$'000

Current Assets 61,642 Non-Current Assets * 45,764 TOTAL ASSETS 107,406

Current Liabilities 29,628 Non-Current Liabilities 9,244 Shareholders' Equity 44,558 Non-Controlling Interests 23,976 TOTAL EQUITY & LIABILITIES 107,406

Net Asset Value Per Share = $0.48

Capital  Structure  

 

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Share  Price    

CAD$0.065  

Shares  Outstanding  (Basic)   92,364,847  

Deferred  Share  Units   1,944,206  

Fully  –  Diluted  Shares   94,309,053  

Stock  Op,ons  Outstanding  (exercisable  at  CAD$0.55)  

 5,355,500  

Conver,ble  Debenture  (CAD$6,000,000  exercisable  at  CAD$0.48  per  share)  

12,500,000  

Market  Cap  (Basic)   CAD$6,003,715  

Note: Share data current as of February 19, 2014.

Financial  Summary  

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Selected Financial Information from Annual Report/Quarterly Report

Six months ended Year ended

Dec 31, 2013 Dec 31, 2012 Jun 30, 2013 Jun 30, 2012

(US$’000) (US$’000) (US$’000) (US$’000)

Revenue from services and other income 6,508 5,548 12,837 14,294

Trading income/(loss) 4,403 5,763 1,563 (12,100)

Total revenue 10,911 11,311 14,400 2,194

Income/(loss) for the period 21 519 (3,467) (16,557)

Total current assets 61,642 55,247 54,568 56,572

Total long-term liabilities (9,244) (11,885) (10,564) (18,168)

(US$) (US$) (US$) (US$)

Net income/(loss) (on a per-share basis) 0.0002 0.0056 (0.0375) (0.1793)

Net income/(loss) (on a diluted per-share basis) 0.0002 0.0055 N/A N/A

Cash dividends declared per common share N/A N/A N/A N/A

SWH  Value  Proposi,on  

v  Trading at a significant discount to net asset value per share of $0.48.

v  Ability to leverage unparalleled connections to identify and advance uniquely positioned, high quality assets and opportunities.

v  SWH value positioned for growth due to: §  Enhanced business model focused on cost-saving combined

with a strengthened North American team. §  Amplified international corporate advisory operations in HK. §  Focus on rapidly developing Southeast Asian markets.

v  Management to launch initiatives to create shareholder value: §  Generate liquidity and trading momentum. §  Attract new investors, develop enhanced communications program.

SWH is trading

substantially below its

NAV

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Appendix  A  

Key  Team  Members  

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Douglas Betts (President and CEO): 25 years experience in international business transactions with a focus on Asia; strong management, investment and advisory experience, particularly in natural resources, infrastructure and financial services.

Jonathan Robinson: (Chief Strategist, Canadian Operations): Over $2 billion in transaction experience over the last four years; strong background in investment banking, sales, trading and research with major, international firms.

Robert Fung (Director and senior adviser to the CEO): One of Canada’s leading investment bankers in the natural resources industry for over three decades. A track record that includes numerous high profile financial advisory roles.

Garry Stein: Over 40 years of capital markets and strategic planning experience with a strong focus on natural resources. 10+ years of experience in Asia with an emphasis on Hong Kong and China.

Diana Majcher: 10 years of corporate finance expertise with an emphasis on the metals and mining space; experience in transactions spanning across Hong Kong, China, Canada, London, Europe, Australia and Singapore; CFA designation.

Patty Shao: Over 7 years of corporate finance experience with strong research and analytic background in the oil and gas sector in both Asia and North America. Martin Brecknock: Over 15 years of financial advisory services experience acting as a private wealth advisor with major international banking groups in Hong Kong, Japan and the Philippines.

§  Asia saw the highest growth rate in private wealth in 2012 globally.

§  Its projected growth over the next 5 years is the highest among all regions.

§  By 2017, it is estimated to hold more than ¼ of the world’s private wealth, on par with North America.

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The  Asian  Opportunity  

Source: BCG Global Wealth Market-Sizing Database, 2012; BCG Global Wealth 2013: Maintaining Momentum in a Complex World, May 2013

Asia is accumulating wealth at the fastest pace

§  Asia-Pacific and its new wealth will account for the bulk of global growth through 2017.

§  Growth in the new world will be mainly due to creation of new wealth.

§  Growth in the old world will primarily be driven by return on existing assets.

The  China  Opportunity  

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§  The United States, Japan and China had the most millionaires in 2012.

§  China should surpass Japan in 2013.

§  The U.S. had the largest number of billionaires in 2012 but the highest density of billionaire households was in Hong Kong (15.1 per million).

§  Asia-Pacific (excluding Japan) was the fastest growing global region in terms of private wealth in 2012, posting an increase of 13.8% to reach $28.0 trillion.

§  The strongest growth in the region was in the higher wealth bands, with the share of total wealth held by millionaire households reaching nearly 40 percent.

§  In 2017, China is projected to be the second wealthiest nation.

Source: BCG Global Wealth Market-Sizing Database, 2012; BCG Global Wealth 2013: Maintaining Momentum in a Complex World, May 2013

v  Continued slow growth in the U.S. and Eurozone have created an influx of capital into China and Asia.

v  Heightened interest in international opportunities for risk-sensitive Asian investors.

v  China, India and Southeast Asia will experience major growth for the next 10 to 20 years.

v  Regional growth highly dependent on access to commodities: §  Energy (oil & gas) – transportation needs and upgrade in lifestyle. §  Base metals – urbanization and infrastructure needs. §  Precious metals – hedge against inflation, currency fluctuation and

financial crisis.

v  SWH is taking advantage of its strategic proximity to high-growth regions.

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Asian  Outlook  

v  China is one of the fastest growing economies with growth expected to continue as a result of: §  Economic strength and

consumption-led growth model. §  PRC enterprise internationalization. §  Growth of China capital pools.

v  China is a leading natural resources consumer to maintain its industrial growth; the world’s largest gold producer and consumer.

v  China has overtaken the U.S. as the world’s largest energy consumer with demand expected to double by 2030.

v  Hong Kong is emerging as the leading Asian capital market for natural resources and the capital market of choice for PRC companies and investors seeking Chinese exposure.

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Chinese growth to continue

creating huge opportunities

0%  10%  20%  30%  40%  50%  60%  

China  Percentage  of  Total  Global  Commodi,es  Consump,on  2011  

China  Outlook  

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Appendix  B  

Kingsway  Canada  Summary  

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Uniquely positioned

as a mid-market bridge

between East and

West

v  Domestic strategy targeting small to mid-cap North American enterprises.

v  International strategy specializing in linking North American deal flow and expertise with Asian capital and markets, particularly in natural resources.

v  Unique ability to identify, advise and guide select North American businesses with diversification into key parts of Asia, including China.

v  Access to strategic, high-level business and government affiliations in Asia (through parent company); key relationships in North America.

v  Proven track record and foothold.

v  Strong experience in both North American and Asian markets, supported by a seasoned management team.

v  Solid competitive advantage: §  Sunwah Group backing, relationships and brand in Asia (55+ years). §  Reputation for capital markets excellence in HK/China (22 years). §  Strong Hong Kong foothold and Asian on-the-ground presence. §  Significant multi-sector expertise, including Canada and Australia.

v  HKEx-listed (stock code: 0188), HK-based flagship subsidiary.

v  Focuses on mid-market enterprises, corporate finance, institutional sales, trading, brokerage; 22-year history.

v  Top three ranking for “Best Local Brokerage in Hong Kong” by Asiamoney for six consecutive years from 2005 to 2010.

v  Participation in some of Hong Kong’s largest, most successful domestic investment banking transactions.

v  $70 million in equity capital.

v  Extensive domestic distribution network; capabilities across Asia with account relationships in HK, Singapore, Beijing, and Shanghai.

v  Research department currently has over 40 companies under coverage .

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Sunwah Kingsway is our flagship

operating subsidiary

Sunwah  Kingsway  Summary    

Contact  Informa,on  

SUNWAH INTERNATIONAL LTD. c/o Sunwah International Financial Services Ltd. Unit A, 26/F, United Centre 95 Queensway Hong Kong TEL: 852 2989 9321; info@sunwahinternational.com

INVESTOR RELATIONS

Kristen Humphrey 8 King Street East, Suite 1200 Toronto, ON Canada TEL: 416-888-2323 khumphrey@sunwahinternational.com

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Disclaimer  

v  This document and all the information, material and data contained herein (collectively “the Document”) may contain confidential and/or privileged material and is/are rendered on an entirely without prejudice basis. Any review, retransmission, dissemination, copying, reproduction or other use of, or taking of any action in reliance upon, the Document or any part thereof by any person or entity other than the intended recipient is strictly prohibited. The Document shall not in any way affect or prejudice the respective rights, obligations and liabilities (if any) of Sunwah International Limited, their subsidiaries and affiliates (collectively “SWH” or “the Group”) and any entity or party named, mentioned and/or referred to herein (if the context so permits or requires and where not inapplicable. Any rating, certification or award as mentioned and/or appearing in the Document may belong to a particular entity as specified in the Document. Further, we make no representation or warranty as to the accuracy or completeness of the Document or any part thereof. We shall not be responsible for and expressly disclaim any liability whatsoever for any loss or damage howsoever arising (including without limitation such loss or damage (if any) arising from the use of or reliance upon, or intended use of or reliance upon, the Document or any part thereof, whether or not arising from any error or omission in compiling the Document or any part thereof).

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