SHANGHAI IND H(00363): Internal restructuring completed.

Shanghai Industrial Holdings Limited (00363) announced that the board of directors has been informed by the company's controlling shareholder, Shangshi Group, that the internal reorganization is proposed to be completed on December 29, 2025, with Jinzhong registered as the owner of all the issued shares of Shangshi Group. It is clarified that the transfer of ownership from Shangshi Group to Jinzhong after the completion of the internal reorganization proposal does not involve the acquisition of voting rights. The voting rights are currently held by the Shanghai Municipal Government and have always been held by the Shanghai Municipal Government at all important times. Therefore, as of the date of this announcement, Jinzhong indirectly holds the controlling interests of the company (approximately 63.16% of the issued shares), Shanghai Industrial City Development Group Limited (00563) (approximately 70.44% of the issued shares of Shangshi City Development), and SIIC Environment Holdings Limited (00807) (approximately 50.12% of the issued shares of Shangshi Environment). Shangshi City Development and Shangshi Environment are both non-wholly owned subsidiaries of the company. As Shangshi Group, Shangsha Industrial, and Jinzhong are currently and at all important times wholly owned by the Shanghai Municipal Government, the ultimate control of the company, Shangshi City Development, and Shangshi Environment still resides with the Shanghai Municipal Government. Therefore, after the completion of the internal reorganization proposal, there will be no change in the ultimate control of the company, Shangshi City Development, and Shangshi Environment.