Zhitong Finance App News, Shanghai Industrial Holdings (00363.HK) issued an announcement. The board of directors was notified by Shangshi Group, the direct controlling shareholder of the company, that the internal restructuring proposal was completed on December 29, 2025, and Jinzhong has registered as the owner of all issued shares of Shangshi Group. For the avoidance of doubt, the registered ownership of Shangshi Group was changed after the internal restructuring proposal was completed until Admiralty did not involve voting rights in the acquisition. The right to vote is currently owned by the Shanghai Municipal Government and has always been owned by the Shanghai Municipal Government at all important times.

Zhitong Finance App News, Shanghai Industrial Holdings (00363.HK) issued an announcement. The board of directors was notified by Shangshi Group, the direct controlling shareholder of the company, that the internal restructuring proposal was completed on December 29, 2025, and Jinzhong has registered as the owner of all issued shares of Shangshi Group. For the avoidance of doubt, the registered ownership of Shangshi Group was changed after the internal restructuring proposal was completed until Admiralty did not involve voting rights in the acquisition. The right to vote is currently owned by the Shanghai Municipal Government and has always been owned by the Shanghai Municipal Government at all important times.