Shanghai-Hong Kong United (01001): Subsidiary company did not obtain approval to bid.

Intelligence Finance APP News, Shanghai-Hong Kong Connect (01001) issued a notice that its subsidiary company has submitted a tender for the construction project of a new building located on Qing Qiang Street, Tsing Yi, New Territories, as invited by the government. The Board of Directors hereby informs shareholders and potential investors that the subsidiary company did not receive approval for the tender. The Group has always had alternative operating plans 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 of Directors expects that the outcome of the tender will not have a significant adverse impact on the Group's existing business operations and overall financial condition.