( 於香港註冊成立之有限公司） (股份代號: 363) 股東週年大會通告 茲通告上海實業控股有限公司（「本公司」）謹訂於二零二五年五月二十七日（星期二）下 午三時正假座香港灣仔告士打道39號夏慤大廈26樓本公司會議室召開股東週年大會，以便討 論及處理下列事項：－ 及授權董事會釐定董事酬金。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或倚賴該等內容而引致之任何損失承擔任 何責任。 4. 續聘德勤 • 關黃陳方會計師行為本公司核數師及授權董事會釐定其酬金。 作為特別事項，考慮並酌情通過（不論是否作出修訂）下列決議案為普通決議案： 普通決議案 1 1. 省覽、考慮及採納本公司及其附属公司截至二零二四年十二月三十一日止年度之經審核 綜合財務報表、本公司董事會（「董事會」）與本公司核數師報告書。 2. 批准建議宣派截至二零二四年十二月三十一日止年度之末期股息，每股52港仙。 3. 重選下列退任董事： (i) 張 芊先生； (ii) 徐有利先生； (iii) 袁天凡先生； 5. 「動議： A. 在本決議案( ...

(Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） (Stock Code 股份代號: 363) NOTIFICATION LETTER 通知信函 17 April 2025 Dear Non-registered Holder(s) (Note 1) , Shanghai Industrial Holdings Limited (the "Company") – Notice of Publication of Annual Report 2024, Circular, Notice of Annual General Meeting and Proxy Form (collectively the "Current Corporate Communications") and Environmental, Social and Governance Report 2024 The English and Chinese versions of the Company's Current Corporate Communicat ...

(Stock Code 股份代號: 363) NOTIFICATION LETTER 通知信函 17 April 2025 Dear Shareholders, Shanghai Industrial Holdings Limited (the "Company") – Notice of Publication of Annual Report 2024, Circular, Notice of Annual General Meeting and Proxy Form (collectively the "Current Corporate Communications") and Environmental, Social and Governance Report 2024 English and Chinese versions of the Current Corporate Communications are available under the "Investor Relations" section of the Company's website at www.sihl.com.hk ...

此乃要件 請即處理 閣下如對本通函任何方面有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券商、銀行 經理、律師、專業會計師或其他專業顧問。 之一般性授權、 重選退任董事、 修訂組織章程細則 閣下如已將名下上海實業控股有限公司之股份全部售出或轉讓，應立即將本通函連同隨附 之代表委任表格交予買主或承讓人或經手買賣之銀行、股票經紀或其他代理商，以便轉交 買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：363） 建議購回股份及發行股份 及 2025年股東週年大會通告 上海實業控股有限公司謹訂於二零二五年五月二十七日（星期二）下午三時正假座香港灣仔 告士打道39號夏慤大廈26號樓本公司會議室舉行2025年股東週年大會。2025年股東週年大 會通告已附載於本通函第16頁至第19頁。 無論台端能否出席大會，務請按照代表委任表格上印列之指示將該表格填妥並儘快交回， 且無論如何最遲須於大會指定舉行時間最少四十八小 ...

2024 環境、社會及管治報告 環境、社會及管治報告 關於本報告 本環境、社會及管治報告（「本報告」）重點披露上海實業控股有限公司（「上實控股」或「我們」）及其附屬公司（統稱 「本集團」）在2024年1月1日至2024年12月31日年度（「本年度」或「報告年度」）的環境、社會及管治方面的表現。 本報告所披露的環境、社會及管治的表現覆蓋中國內地及香港的主要營運業務，包括基建設施（水務相關業 務）、房地產及消費品（煙草業務及印刷業務）行業。 本報告主要參照香港聯合交易所有限公司（「香港交易所」）最新的《香港聯合交易所有限公司證券上市規則》（「《上 市規則》」）附錄C2《環境、社會及管治報告指引》中的強制披露規定及「不遵守就解釋」條文編製。為全面了解上 實控股在環境、社會及管治方面的表現，本報告應與載於本公司二零二四年年報中的《企業管治報告》一併閱 覽。 上實控股的環境、社會及管治的管理理念 本集團深知企業對於可持續發展與社會發展責任重大，秉承平衡業務發展與企業社會責任的宗旨，我們銳意在 日常業務營運和重大商業決策中融入可持續發展的理念。作為一家在香港上市的公司，本集團不僅積極承擔對 社會經濟發展的責任，而且努力肩 ...

Financial Performance - The audited revenue for the fiscal year ending December 31, 2024, was HKD 28.918 billion, a decrease of 11.6% compared to the previous year[16]. - The audited net profit for the same period was HKD 2.808 billion, representing an 18.0% decline year-on-year[16]. - Shareholders' profit attributable to the company was HKD 2.808 billion, down 18.0% compared to the previous year, primarily due to a significant reduction in revenue from property handovers[45]. - The total net profit for the group was HKD 1.081 billion, a decrease of 12.3% year-on-year, while toll revenue increased slightly by 0.2% to HKD 2.029 billion[49]. - The company reported a total operating revenue of HKD 12.44 billion, an increase of 56.4% compared to the previous year[71]. - The net loss for the year was RMB 291 million, a shift from profit in the previous year[70]. - The profit attributable to the company's owners was HKD 2,807,653, down 18.0% from HKD 3,423,695 in the previous year[86]. - The basic earnings per share decreased to HKD 2.582, a decline of 18.0% from HKD 3.149 in 2023[86]. Sector Performance - The infrastructure and environmental business generated a profit of HKD 2.629 billion, an increase of 13.3%, primarily due to a gain of HKD 863 million from the sale of equity related to the Hangzhou Bay Bridge[17]. - The health sector contributed a profit of HKD 54.23 million, with the pharmaceutical group achieving revenue of RMB 274.693 billion, a year-on-year increase of 5.47%[17]. - The real estate sector faced significant challenges, reporting a loss of HKD 236 million, a shift from profit due to reduced revenue from property handovers[18]. - The consumer goods sector contributed a profit of HKD 643 million, reflecting a substantial increase of 71.8% year-on-year[18]. - The tobacco segment recorded a revenue of HKD 2.182 billion, representing a year-on-year growth of 20.2%, with net profit increasing by 86.0% to HKD 560 million[81]. Dividend and Shareholder Returns - The total proposed dividend for the year is HKD 0.94 per share, maintaining the same level as the previous year, with a payout ratio of 36.4%[17]. - The company maintained a dividend payout ratio of 36.4%, up from 30% in the previous year, with total dividends per share remaining at HKD 0.94[98]. Strategic Focus and Market Position - The company is focusing on expanding its market share in water treatment and resource utilization, aiming to solidify its leading position in China's water and environmental industry[17]. - The company continues to implement its strategy centered around the Yangtze River Delta economic region, despite market fluctuations[18]. - The company plans to continue expanding its core businesses while actively exploring new business opportunities and international markets[25]. - The company aims to enhance operational efficiency and quality through the integration of new information technologies in water management, with a benchmark sewage treatment project set to commence commercial operations in January 2025[22]. Government and Policy Impact - The environmental sector is expected to benefit from ongoing government policies promoting carbon reduction and green transformation, providing significant development opportunities[22]. - The company anticipates ongoing support from the government for green infrastructure and sustainable development, which will expand industry growth opportunities[32]. - The Chinese economy is projected to grow by 5% in 2024, with favorable policies for the environmental industry expected to improve cash flow and create significant development opportunities[55]. Corporate Governance and Management - The board is committed to enhancing corporate governance to improve management efficiency and operational effectiveness[111]. - The company has established a board diversity policy to ensure a balance of skills, experience, and perspectives among board members[117]. - The company has implemented a procedure for directors to seek independent professional advice to assist in fulfilling their responsibilities[123]. - The company has a remuneration committee that reviews and sets the remuneration of directors based on market standards[126]. - The company has established a code of conduct for securities trading, which all directors and relevant employees confirmed compliance with in 2024[128]. Operational Efficiency and Risk Management - The company aims to enhance product delivery capabilities and quality service assurance while optimizing organizational structure and operational systems for future growth[84]. - The company maintains a risk management and internal control system, with internal audits conducted on a rolling three-year basis[153]. - The company has implemented significant risk management measures[70]. Employee and Leadership - The company has a total of 19,561 employees as of December 31, 2024, with a gender ratio of 58:42, indicating a reasonable balance in gender diversity[117]. - The company emphasizes the importance of experienced leadership in driving strategic initiatives and operational efficiency[176][180][181]. Investment and Financial Position - The total asset value of the company reached HKD 168.5 billion as of December 31, 2024[39]. - The total borrowings amount to approximately HKD 59.49 billion, with 65.6% being unsecured credit facilities, a decrease from 77.5% in the previous year[102]. - The group holds bank deposits and cash equivalents totaling HKD 28.51 billion, an increase from HKD 27.79 billion the previous year[106].

Summary of the Conference Call Company and Industry Overview - The conference call pertains to a listed company involved in multiple sectors including infrastructure, environmental protection, health, real estate, and consumer goods [1][2][3]. Key Financial Performance - The company reported a decline in overall profits, primarily due to a significant drop in revenue from the real estate sector, which recorded a loss of 236 million RMB [3][6]. - Infrastructure and environmental protection business generated a profit of 2.629 billion HKD, an increase of 13.3% year-on-year, contributing 85.1% to the company's net profit [2][3]. - Consumer goods business saw a substantial profit increase of 71.8%, contributing 6.43 billion HKD to the overall profit [3][20]. Business Segment Insights - Real estate sector faced challenges with a 40% drop in sales, leading to a significant negative impact on overall performance [7][8]. - The company is focusing on core urban areas for real estate development, particularly in first-tier cities, and is exploring new business models such as long-term rental apartments [9][11]. - The consumer goods segment, particularly tobacco, is experiencing a recovery post-pandemic, with a strong emphasis on international market expansion [3][21]. Strategic Outlook - The company aims to enhance operational efficiency and accelerate digital transformation in its infrastructure projects [4]. - Future strategies include optimizing real estate asset management and exploring innovative product launches in the consumer goods sector [4][10]. - The management is cautious about the real estate market and is implementing a prudent approach to asset valuation and impairment [6][19]. Market Conditions and Challenges - The overall economic environment for 2024 is expected to be complex, with ongoing challenges in the real estate market impacting financial performance [1][6]. - The management anticipates significant challenges ahead but remains committed to strategic optimization and focusing on green and health-oriented initiatives [7][19]. Additional Considerations - The company is exploring potential capital operations and business layouts to improve financial stability and performance [19][20]. - There is a focus on enhancing the management capabilities in commercial operations and exploring REITs for real estate assets [11][13]. - The company is also investing in biotechnology and environmental health sectors through partnerships and funds to align with future growth opportunities [17][18]. Conclusion - The conference highlighted the company's resilience in navigating a challenging market while focusing on strategic growth areas and operational improvements across its diverse business segments [1][25].

（於香港註冊成立之有限公司） （股份代號：363） 根據上市規則第 14.36 條刊發的公告 修訂可交換債券的條款及條件 本公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 14.36 條刊發。 茲提述上海實業控股有限公司（「本公司」）日期為二零二三年十月五日有關本公司認購由 臻達發展有限公司（「臻達」）發行總金額為 1,637,000,000 港元的可交換債券（「可交換債 券」）的公告（「可交換債券公告」）。除另有界定者外，本公告所用詞彙與可交換債券公 告所界定者具有相同涵義。認購可交換債券事項已於二零二三年十月十九日完成。 於二零二五年四月九日（交易時段後），本公司與臻達及李女士在考慮各方的實際情況後， 經公平磋商及相互協定而訂立修訂協議（「修訂協議」），據此可交換債券的若干條款有所 改動（「可交換債券之修訂」），並於下文作更具體的說明。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或倚賴該等內容而引致之任何損失承擔任 何責任。 I. 臻達自願提前贖回 1 (1) 臻達可於可交換 ...

Core Viewpoint - Shanghai Industrial Holdings (00363) maintains a high dividend payout ratio of 36.4% and an attractive dividend yield of 8% in 2024, despite a challenging macroeconomic environment, demonstrating a commitment to shareholder returns [1][10] Financial Performance - The company reported a revenue of HKD 28.918 billion, gross profit of HKD 7.9 billion, and net profit attributable to shareholders of HKD 2.808 billion for 2024, with gross and net profit margins of 27.32% and 9.71% respectively [1] - Earnings per share (EPS) stood at HKD 2.582, with a final dividend of HKD 0.52 per share and an annual dividend of HKD 0.94 per share [1] Business Segments - The company operates in four main sectors: infrastructure and environmental protection, real estate, consumer goods, and health, leveraging strong cash flow capabilities to enhance shareholder returns [1][10] - Infrastructure and environmental protection generated revenue of HKD 10.263 billion, maintaining stability with a revenue share increase of 3.7 percentage points to 35.5% [2] - Real estate revenue was HKD 15.152 billion, experiencing a decline in revenue share to 52.4% due to industry challenges, while consumer goods revenue grew by 9.4% to HKD 3.503 billion, increasing its revenue share by 2.3 percentage points to 12.1% [2] Profit Structure - The infrastructure and environmental protection segment contributed HKD 26.3 billion to net profit, with a compound annual growth rate (CAGR) of 16.9% over the past three years, accounting for 85% of total profit [3] - The consumer goods segment saw a profit of HKD 6.43 billion, growing by 71.5% with a CAGR of 44% over three years, contributing 20.8% to total profit [3] Cash Flow and Financial Stability - The company reported a net profit margin of 9.7% for 2024, with cash and cash equivalents exceeding HKD 20 billion, and total bank deposits reaching HKD 28.514 billion [6] - Capital expenditures are being approached cautiously, with signed capital commitments of HKD 3.338 billion, a decrease of HKD 4.882 billion compared to the previous year [6] Strategic Focus - The company is focusing on long-term growth in the infrastructure and environmental sectors, particularly in water treatment and waste management, aligning with dual carbon policies and energy transition opportunities [7][8] - The health sector is also a strategic focus, with the potential for significant growth driven by national health policies [9] Investment Appeal - The company has a strong track record of dividends, with a total of 53 distributions since 2000, amounting to HKD 21.382 billion, which is 1.67 times its market value [13] - The current price-to-book (PB) ratio is 0.27 and the price-to-earnings (PE) ratio is 4, indicating significant undervaluation compared to industry peers [13]

Core Viewpoint - Shanghai Industrial Holdings (00363.HK) reported a decline in overall revenue and profit for the fiscal year 2024, primarily due to reduced revenue recognition from property handovers and a high base effect from the previous year [1] Financial Performance - Total revenue for the year was HKD 28.918 billion, a decrease of 11.6% year-on-year [1] - Shareholders' profit was HKD 2.808 billion, down 18.0% compared to the previous year [1] - The board proposed a final dividend of HKD 0.52 per share, with a total annual dividend of HKD 0.94 per share, resulting in a payout ratio of 36.4% [1] Business Segments - Infrastructure and environmental business recorded a profit of HKD 2.629 billion, an increase of 13.3% year-on-year, contributing approximately 85.1% to the group's net profit [1] - The toll road segment saw a stable increase in traffic volume and toll revenue, with a 1.3% rise in overall traffic volume and a 0.2% increase in toll revenue to HKD 2.029 billion [1] Environmental Business - Shanghai Industrial Environment Holdings reported a revenue of RMB 7.596 billion, a slight increase of 0.3%, and a profit of RMB 605 million, up 0.2% year-on-year [2] - The company added four new wastewater treatment projects with a total design capacity of 445,000 tons per day [2] Strategic Initiatives - The company sold a 23.06% stake in the Hangzhou Bay Bridge for RMB 1.864 billion, using part of the proceeds to subscribe for REIT shares, which is expected to enhance investment returns [2] - The Hangzhou Bay Bridge public infrastructure REIT successfully listed, achieving the highest subscription multiples and premiums in nearly two years [2] Future Outlook - The chairman expressed optimism about new development opportunities in 2025, driven by China's economic resilience and policy support [1] - The company plans to focus on innovation and smart transformation to elevate its business [1] Real Estate Sector - The real estate segment reported a loss of HKD 236 million, a shift from profit due to decreased revenue from property handovers [3] - The company is adopting a cautious approach in the real estate market, which is undergoing significant adjustments, and is exploring new business models such as long-term rental apartments and REITs [3] Consumer Goods Sector - The consumer goods segment contributed HKD 643 million in profit, a significant increase of 71.8% year-on-year, accounting for approximately 20.8% of the group's net profit [4] - Nanyang Brothers Tobacco Company reported revenue and net profit of HKD 2.182 billion and HKD 560 million, respectively, with year-on-year increases of 20.2% and 86.0% [4]