HK SH ALLIANCE (01001): The subsidiary company did not obtain approval to bid for the project.

HK SH ALLIANCE (01001) announced that its subsidiary company has been invited to submit a tender for a development project for a new construction industry building located on Qing Qiang Street, Castle Peak, New Territories by the government. The board of directors hereby informs shareholders and potential investors that the subsidiary company has not been granted the tender. The Group has alternative operational plans in place and will continue to take appropriate measures to support its ongoing business development and operational needs. As of the date of this announcement, the board anticipates that the outcome of the tender will not have a significant adverse impact on the Group's existing business operations and overall financial condition.