Shanghai Fudan (01385): If the relevant judicial disposal auction of all transferred shares is completed, Shanghai Zhengben and its concerted parties Shanghai Nian Jinjiang will become shareholders of the company of less than 5%.

SHANGHAI FUDAN (01385) announces that due to the fact that the judicial disposal of the shares has not yet been completed, Shanghai Zhengben Enterprise Management Consulting Partnership Enterprise (Limited Partnership) (hereinafter referred to as "Shanghai Zhengben") still holds 39.182 million shares of the company, accounting for 4.784% of the total share capital of the company; Shanghai Zhengben's acting in concert with Shanghai Nianjin Enterprise Management Consulting Partnership Enterprise (Limited Partnership) holds 3.6325 million shares of the company, accounting for 0.443% of the total share capital of the company. Together, they hold a total of 42.8145 million shares of the company, accounting for 5.227% of the total share capital. If the judicial disposal auction of the shares is completed and transferred in full, Shanghai Zhengben and its acting in concert with Shanghai Nianjin will hold a total of 39.3145 million shares of the company, accounting for 4.800% of the total share capital. Shanghai Zhengben and its acting in concert with Shanghai Nianjin will then become shareholders with less than 5% ownership in the company. This judicial disposal will not result in a change in the situation where the company has no actual controlling shareholder.