Shanghai International Group Co., Ltd. intends to transfer a portion of its shares to Jiushi Group for no consideration.

Shanghai International Group Limited announced in the evening that it plans to transfer 339 million shares of Shanghai International Port Group Co., Ltd., held by it, to Shanghai Jiushi Co., Ltd., a shareholder holding more than 5% of the company's shares, for no consideration. This change in shareholder equity is a transfer of state-owned equity for no consideration, and does not involve a tender offer. This transfer of state-owned equity will not result in a change in the company's largest shareholder or actual controller.