此 乃 要 件 請 即 處 理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之持牌證券交易商、銀行經理、 律師、專業會計師或其他專業顧問。 閣下如已將名下上海實業城市開發集團有限公司股份全部售出或轉讓，應立即將本通函及隨附代表 委任表格送交買方或承讓人，或經手買賣或轉讓之銀行、持牌證券交易商或其他代理商，以便轉交買 方或承讓人。 二零二五年四月十六日 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的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：563） (1)建議授出購回股份 及發行本公司新股份之一般授權； (2)建議擴大發行股份之一般授權； (3)建議重選退任董事； 及 (4)本公司二零二五年股東週年大會通告 上海實業城市開發集團有限公司謹訂於二零二五年五月二十二日（星期四）上午十一時正假座香港灣 仔摩理臣山道23號南洋酒店一樓宴會廳舉行股東週年大會或其任何續會，召開大會之通告載於本通 函第19至22頁。本通函隨附股東週年大會適用之代 ...

務實奮進 環境、社會及管治報告 2024 香港辦公室 地址：香港中環皇后大道中 5 號 電話：+852 2544 8000 傳真：+852 2544 8004 一般查詢：info@siud.com 投資者查詢：ir@siud.com 上海辦公室 地址：上海市徐匯區龍騰大道 2763 號 5 號樓 電話：+86 021 6447 2222 傳真：+86 021 6448 2699 網址：www.siud.com 微博：weibo.com/siud www.siud.com 微信公眾號 | 1 | | | --- | --- | | 關於本報告 | 1 | | 1.1 報告範圍 | 1 | | 1.2 編製基準 | 1 | 2 衡怡大廈 11 樓 7 社會共建， 責任共榮 48 7.1 鄉村振興 共築美好 48 | ESG管治及方針 | 2 | | --- | --- | | 2.1 ESG管治體系 | 3 | | 2.2 董事會聲明 | 4 | | 2.3 ESG風險管理 | 4 | | 2.4 持份者溝通 | 5 | | 2.5 重要性議題管理 | 5 | 3 7.2 善行責任 社會共益 49 | 品質服務， ...

Financial Performance - The total contracted sales for the year reached RMB 3.933 billion, with overall revenue of HKD 12.44 billion[17]. - The pre-tax profit was HKD 215 million, while the loss attributable to shareholders was HKD 331 million, primarily due to a decrease in high-margin project deliveries and impairment losses[17]. - The company's contract sales amount for residential and affordable housing was RMB 3,933,360,000 for the year ended December 31, 2024, a decrease of 52.2% compared to RMB 8,228,570,000 in 2023[34]. - For the fiscal year ending December 31, 2024, the company's revenue increased by 56.4% to HKD 12,440,369,000, compared to HKD 7,953,596,000 in 2023[41]. - Property sales revenue, the main source of income, reached HKD 11,351,331,000, accounting for 91.2% of total revenue, up from 86.4% in the previous year[41]. - The company recorded a gross profit of HKD 2,130,708,000, a decrease of 35.9% year-on-year, with a gross margin of 17.1%, down 24.7 percentage points[44]. - The net loss for the year was HKD 372,828,000, compared to a profit of HKD 490,713,000 in 2023, with a basic loss per share of HKD 0.0693[49]. Market Conditions - The overall property market in China is gradually recovering, supported by government measures such as lowering loan rates and easing purchasing restrictions[18]. - The real estate market in mainland China faced challenges in 2024, with a 10.6% year-on-year decline in real estate development investment and a 17.1% decrease in new residential sales[32]. - The overall economic growth in China for the year was 5%, providing a supportive backdrop for the company's operations[17]. - The central economic work conference emphasized stabilizing the real estate market, with policies expected to support recovery in 2025[59]. Project Development and Strategy - The company has 27 real estate projects across 10 major cities in China, providing approximately 3.32 million square meters of future saleable area[4]. - The company plans to continue focusing on high-quality projects in core cities to ensure steady growth amid market fluctuations[17]. - The company is actively enhancing its operational capabilities and accelerating project development in response to favorable policies in the real estate market[18]. - The company continues to focus on a prudent land acquisition strategy, emphasizing project quality and profitability while exploring urban renewal opportunities[36]. - The company aims to enhance operational cash flow performance by improving sales collection management and optimizing debt structure[23]. - The company plans to focus on cash flow and debt reduction as core indicators to promote stable operations in the face of industry adjustments[23]. Financial Management - The net debt-to-equity ratio was reported at 64.8% at the end of 2024, indicating a stable financial position[11]. - The company's net debt to total equity ratio increased from 58.4% to 64.8% year-on-year, with a current ratio of 1.2 times[50]. - The company repurchased a total of 9,368,000 shares at a total cost of HKD 3,317,670, excluding transaction costs, demonstrating prudent capital management[19]. - The company successfully issued RMB 910 million in 3-year medium-term notes with a coupon rate of 2.45%, enhancing liquidity and reducing financial costs[19]. Awards and Recognition - The company has received multiple industry awards, including rankings in the "2024 Real Estate Development Enterprises Comprehensive Strength TOP 100" and "2024 Real Estate Listed Companies Comprehensive Strength TOP 50"[22]. Corporate Governance and Communication - The company maintains a commitment to high standards of corporate governance, adhering to all provisions of the corporate governance code as of December 31, 2024[186]. - The board of directors is responsible for formulating the overall strategy and monitoring the group's business operations and performance[191]. - The company emphasizes maintaining close communication with investors through regular meetings, conference calls, and shareholder meetings to share development strategies and market insights[171]. - The company aims to enhance communication with domestic investors, particularly in Shanghai and the Greater Bay Area, to convey long-term strategies and operational updates[181]. - The company encourages shareholders to access information through its website and the Stock Exchange's disclosure platform[184]. Employee and Social Responsibility - The group has 745 employees, with compensation policies linked to performance, qualifications, experience, and market comparisons[56]. - The company actively participates in social development initiatives, including poverty alleviation and community support[188].

Core Viewpoint - The annual report of Shanghai Urban Development (00563.HK) highlights its operational resilience and focus on core assets amidst a challenging real estate market, indicating potential investment opportunities despite short-term profit pressures [1][2][17]. Financial Performance - The company achieved a revenue of HKD 12.44 billion, representing a year-on-year increase of 56.4% [3]. - Property sales, the main revenue driver, reached HKD 11.35 billion in 2024, up 65.2% year-on-year, accounting for over 90% of total revenue [4][5]. - Hotel operations saw a slight decline, with revenue at HKD 281.99 million, while property management revenue grew by 28.6% to HKD 13.21 million [8]. Market Position and Strategy - The company’s revenue growth is closely linked to project deliveries in key cities like Shanghai and Xi'an, reflecting a recovery trend in the real estate market [7]. - The company holds 27 projects with a total saleable area of 3.32 million square meters in major cities, ensuring a robust pipeline for the next 3 to 5 years [12]. - The company benefits from a state-owned background, providing financial advantages and a competitive edge in land acquisition [13][14]. Asset Management and Growth Potential - The company employs a dual strategy of rental and sales, enhancing its revenue stability and overall profitability [15]. - Investment properties cover approximately 125.5 thousand square meters, with rental income increasing by 2.7% to HKD 79.4 million, indicating effective management in this sector [15][16]. - The company’s projects in urban renewal and community management are expected to contribute to sustained revenue growth and brand enhancement [19]. Future Outlook - The company’s market valuation reflects pessimistic expectations, with a price-to-book ratio of 0.11, significantly below the industry average, suggesting potential for recovery as market conditions improve [18]. - Government policies aimed at stabilizing the real estate market are anticipated to benefit the company, particularly in high-capacity markets like Shanghai [18]. - The company’s experience in urban renewal projects positions it well to capitalize on ongoing city redevelopment initiatives [19].

委員會成員由董事會從董事會成員中委任，至少須由三名成員組成。 委員會的大部分成員須為本公司獨立非執行董事，而委員會主席須由 董事會主席或本公司獨立非執行董事出任。 SHANGHAI INDUSTRIAL URBAN DEVELOPMENT GROUP LIMITED 上海實業城市開發集團有限公司 提名委員會 : 職權範圍書 ____________________________ 1. 概要 1.1 組織 上海實業城市開發集團有限公司(「本公司」)之董事會(「董事會」)已 於二零一零年八月二十日議決成立提名委員會(「委員會」)。本職權 範圍書規管委員會的運作。 1.2 成員 委員會秘書應由本公司公司秘書擔任。委員會秘書須把每次會議的 內容作記錄及把會議記錄以及委員會的書面決議存檔。委員會須向 隨之舉行的董事會匯報其工作。委員會須向其成員提供每次會議的 記錄,以及委員會採取的任何行動均須獲全體成員一致通過，否則， 該爭議事項須提交董事會討論及審議。 提名委員會: 職權範圍書 (2025年3月21日更新) – 頁 1 (共4頁) 2. 宗旨 委員會主席須由董事會委任。 1.3 運作 委員會將於有需要時舉行會議，惟 ...

（於百慕達註冊成立之有限公司） （股份代號：563） 獨立非執行董事 杜惠愷先生， B.B.S.，太平紳士 范仁達博士 李家暉先生， M.H 陳浩華博士 | | 董事委員會 | 審核 | 提名 | 薪酬 | 投資評證 | | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | | 黃海平先生 | | | C | | | | 唐鈞先生 | | | | | M | | 周亞棟女士 | | | | | M | | 杜惠愷先生， | B.B.S.，太平紳士 | M | M | C | | | 范仁達博士 | | M | M | M | C | | 李家暉先生， | M.H | C | | | | | 陳浩華博士 | | | | M | | 上海實業城市開發集團有限公司（「本公司」）董事（「董事」）會（「董事會」）現共有七名 董事，每名董事的姓名、角色和職能載列如下： 執行董事 黃海平先生 （主席） 唐鈞先生 （總裁） 周亞棟女士 本公司已設立四個董事委員會，並制定有關職權範圍。下表提供各董事會成員於各 董事委員會所擔任的職務。 附註 ...

Financial Performance - The company reported a revenue of HKD 12,440,369 thousand for the year ending December 31, 2024, representing a 56.4% increase compared to HKD 7,953,596 thousand in 2023[4] - Gross profit decreased to HKD 2,130,708 thousand, down 35.9% from HKD 3,325,390 thousand, resulting in a gross margin of 17.1%, a decline of 24.7 percentage points[4] - The company recorded a loss attributable to shareholders of HKD 331,190 thousand, compared to a profit of HKD 494,570 thousand in the previous year[4] - Basic loss per share was HKD (6.93), a significant drop from HKD 10.32 in 2023[6] - The company reported a net loss attributable to shareholders of HKD 331,190 for 2024, compared to a profit of HKD 494,570 in 2023[34] - The income tax expense for 2024 was HKD 587,926, significantly lower than HKD 1,364,542 in 2023, reflecting a decrease of 56.9%[30] - The group recorded a net loss of HKD 372,828,000 for the year, compared to a profit of HKD 490,713,000 in 2023, primarily due to lower gross margins and impairment losses[61] Assets and Liabilities - Total assets decreased to HKD 31,023,995 thousand from HKD 38,058,440 thousand, indicating a reduction in asset base[10] - The net asset value per share for shareholders was HKD 2.73, down 6.5% from HKD 2.92 in 2023[4] - The company’s debt-to-equity ratio increased to 64.8% from 58.4%[4] - The fair value of investment properties decreased to HKD 20,645,374,000 in 2024 from HKD 21,437,687,000 in 2023, reflecting a loss of HKD 703,073,000[37] - The total amount of properties held for sale and under development decreased to HKD 14,578,442,000 in 2024, down 35.6% from HKD 22,615,376,000 in 2023[37] - Trade payables increased significantly to HKD 1,783,306,000 in 2024, up 77.0% from HKD 1,007,357,000 in 2023[42] Revenue Sources - Total revenue for the year 2024 reached HKD 11,646,525, an increase of 62.5% compared to HKD 7,180,575 in 2023[25] - Property sales contributed HKD 11,351,331 to the total revenue, up from HKD 6,870,636 in the previous year, representing a growth of 65.8%[25] - Property sales revenue accounted for 91.2% of total revenue, amounting to HKD 11,351,331,000, up from 86.4% in the previous year[54] - Other income decreased to HKD 109,696 in 2024 from HKD 136,130 in 2023, a decline of 19.4%[27] Cash Flow and Financing - The company’s cash and cash equivalents decreased to HKD 5,342,774 thousand from HKD 5,985,911 thousand[8] - Financing costs totaled HKD 659,163 in 2024, down 28.0% from HKD 915,940 in 2023[30] - The group’s cash and cash equivalents amounted to HKD 5,342,774,000 as of December 31, 2024, down from HKD 5,985,911,000 in 2023[62] Dividends and Share Repurchase - The company did not declare any final or special dividends for the year[4] - The company did not recommend any final or special dividends for the year ending December 31, 2024, compared to a final dividend of HKD 0.021 and a special dividend of HKD 0.008 per share for the previous year[35] - The group repurchased shares 12 times, totaling 9,368,000 shares at a cost of HKD 3,317,670,000, representing 0.20% of the issued share capital[52] - The company repurchased a total of 9,368,000 shares at a total cost of HKD 3,317,670 during the year ending December 31, 2024[81] Market and Operational Insights - The real estate market in mainland China faced challenges in 2024, with a 10.6% year-on-year decline in real estate development investment[44] - The company plans to continue focusing on high-quality project development and exploring urban renewal opportunities in key cities[48] - The group expects the real estate market to stabilize and recover gradually in 2025, supported by government policies aimed at boosting demand and optimizing supply[68] - The company has a land reserve of 27 projects across 10 key cities in mainland China, with a total planned saleable area of approximately 3,323,000 square meters[48] - The company has 9 ongoing projects with a total construction area of 1,933,000 square meters as of December 31, 2024[50] Governance and Compliance - The audit committee has reviewed the audited financial statements for the year ending December 31, 2024, and discussed accounting principles and financial reporting matters with management and auditors[77] - The company maintains compliance with the public float requirements as stipulated by the listing rules[80] - The company has adopted a customized code of conduct for securities trading by directors and relevant employees, ensuring compliance with the standard code[86] - Dr. Fan Renda has been appointed as the Chairman of the Environmental, Social and Governance Committee of Tianfu (Cayman) Holdings Limited, effective May 10, 2024[87] - The board of directors will undergo changes effective March 21, 2025, with the announcement of new appointments[91] Acknowledgments - The company expresses gratitude to the board, management, employees, customers, suppliers, business partners, and shareholders for their continued support[90]

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，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） 本公司董事會（「董事會」）（除范博士外）已審閱證監會新聞稿的內容。考慮到(i)尚未 對范博士作出取消其董事資格的法庭命令或判決；(ii)證監會新聞稿所載事項沒有 涉及任何有關范博士的不誠實或欺詐行為；及(iii)考慮范博士的背景、專業知識及 貢獻後，董事會（除范博士外）認為范博士仍適合擔任本公司獨立非執行董事。董事 會將持續留意和評估上述法律程序的發展，並會在適當時候進一步發表公告。 （股份代號：563） 根據上市規則第13.51B(2)及 13.51(2)(u)條作出之公告 本公告由上海實業城市開發集團有限公司（「本公司」）根據香港聯合交易所有限公司 （「聯交所」）證券上市規則（「上市規則」）第13.51B(2)及13.51(2)(u)條作出。 茲提述本公司日期為二零二三年十二月十一日的公告，內容有關聯交所對金至尊集 團（國際）有限公司（於聯交所上市的公司，前稱香港資源 ...

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，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：563） 陳建柱 香港，二零二五年三月七日 於本公告日期，董事會成員包括執行董事黃海平先生、唐鈞先生及周亞棟女士，以 及獨立非執行董事杜惠愷先生， B.B.S.，太平紳士 、范仁達博士、李家暉先生， M.H. 及 陳浩華博士。 董事會會議日期 上海實業城市開發集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會 議將於二零二五年三月二十一日（星期五）假座香港皇后大道中五號衡怡大廈十一樓 舉行，藉以（其中包括）考慮及批准本公司及其附屬公司截至二零二四年十二月三十 一日止年度之全年業績及建議宣派末期股息（如有）之事宜。 承董事會命 上海實業城市開發集團有限公司 公司秘書 ...

– 1 – (i) 與去年相比，毛利率減少約23至26個百份點至約15%至18%，主要由於(1)年內 交付項目中毛利率較高的項目較去年有所減少；(2)年內銷售單價因市場情況下 調；及(3)年內就物業項目確認若干減值虧損所致；及 (ii) 截至二零二四年十二月三十一日止年度本集團之投資物業重估虧損介乎約680 百萬港元至720百萬港元，而去年重估虧損則為約39.8百萬港元，乃由於中國內 地物業市場下行調整所致。 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 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：563） 盈利警告 本公告乃由上海實業城市開發集團有限公司（「本公司」，連同其附屬公司統稱「本集 團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)條及香港 法例第571章《證券及期貨條例》第XIVA部下之內幕消息條文（定義見上市規則）而 作出。 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據對本集 ...