SHENZHEN INVEST (00604) plans to publicly list for sale a warehouse.

SHENZHEN INVEST (00604) announces that Shenzhen Tai Fu Logistics Group Co., Ltd. (Shenzhen Tai Fu), a limited liability company established in the People's Republic of China (China) and an indirect non-wholly-owned subsidiary of the Company. Shenzhen Tai Fu owns a six-storey building located at 1st to 6th floors of Buildings 830 and 831, Sungang Warehouse, Bao'an North Road, Luohu District, Shenzhen, China, with a registered total gross floor area of approximately 33,468.24 square meters, which is stated as warehouse use on its real estate title certificate. The property is free from ownership disputes and is not subject to any mortgage, guarantee or registered encumbrance. The Company intends to sell the property through a public listing on the Shenzhen United Property and Equity Exchange. The Potential Disposal is a proactive measure taken by the Group to optimize its asset portfolio and will bring cash inflow to the Group, enabling it to concentrate resources on strengthening its core business and enhancing its competitive position. The Directors believe that the Potential Disposal is in line with the long-term strategic objectives of the Group. Accordingly, the Group proposes to proceed with the Potential Disposal. The public listing will be conducted through the Exchange Center, and the bidding period for the public listing has officially commenced from the date of this announcement. During the bidding period, potential bidders are required to pay a deposit of RMB51.4 million to the Exchange Center within the time prescribed by the Exchange Center. The Disposal shall be conducted on an "as-is" basis. Upon expiry of the bidding period, if at least one valid bid equal to or higher than the reserve price has been received, the qualified bidder submitting the highest bid will be determined as the winning bidder in accordance with the bidding procedures of the Exchange Center. Upon determination of the winning bidder, the Exchange Center will notify Shenzhen Tai Fu accordingly. Shenzhen Tai Fu shall enter into an asset transfer agreement with the winning bidder within five business days after receiving such notice. The reserve price for the public listing of the property is RMB493 million, which was determined after taking into account, among other things, (i) the business prospects and expected investment return of the property; and (ii) the valuation of the property by an independent valuer dated April 14, 2026.