股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00770 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 10,686,000 | | | 0 | | 10,686,000 | | 增加 / 減少 (-) | | | 2,137,200 | | | 0 | | | | 本月底結存 | | | 12,823,200 | | | 0 | | 12,823,200 | 公司名稱: SHANGHAI INTERNATIONAL SH ...

Financial Performance - The company recorded a net loss of $357,498 for the year ending December 31, 2024, a decrease from a net loss of $455,345 in 2023, primarily due to net gains from securities investments[6]. - Total revenue for the year ended December 31, 2024, was $78,566, a significant increase from $12,551 in 2023[195]. - Interest income decreased to $6,485 from $9,881 year-over-year, representing a decline of approximately 34.3%[195]. - Dividend income also fell to $15,395 from $23,442, marking a decrease of about 34.3%[195]. - The net loss for the year was $357,498, compared to a loss of $455,345 in 2023, indicating an improvement of approximately 21.5%[195]. - Basic and diluted loss per share improved to 3.35 cents from 4.26 cents year-over-year[195]. - The unrealized loss on financial assets measured at fair value through profit or loss was $5,837,201 for 2024, compared to an unrealized gain of $1,920 in 2023[199]. - The company’s interest income decreased to $(6,485) in 2024 from $(9,881) in 2023, reflecting a decline in investment returns[199]. Investment Performance - Realized gains from the sale of securities amounted to $64,127, compared to a realized loss of $18,852 in 2023, while unrealized losses changed by a net of $10,257[6]. - The company’s listed investment portfolio achieved a return of 4.64% in 2024, driven mainly by the telecommunications sector[9]. - The company's investment portfolio allocation as of December 31, 2024, was 11% in listed investments and 89% in cash and cash equivalents[22]. - The company recorded a positive return of 4.64% on securities investments in 2024[106]. - The investment in China Mobile recorded dividend income of $9,558 and realized gains of $17,467, with unrealized gains of $5,654 (+7.24%) as of December 31, 2024[30]. Shareholder Matters - The company does not recommend any dividend distribution for the year ending December 31, 2024, consistent with the previous year[10]. - The company plans to capitalize on opportunities to enhance shareholder value amid China's focus on high-tech manufacturing and economic reforms[14]. - The company will hold its annual general meeting on June 27, 2025, to discuss shareholder matters[11]. - The company has established a shareholder communication policy to ensure equal access to information for shareholders[85]. - The company emphasizes effective communication with shareholders, particularly through annual general meetings and other shareholder meetings[84]. Corporate Governance - The company has maintained a commitment to sound corporate governance practices to ensure the integrity, transparency, and quality of information disclosure, which is essential for long-term sustainable development and enhancing shareholder value[49]. - The board has established governance procedures to comply with the Corporate Governance Code, and has reviewed and adopted these measures[49]. - The company has adopted the Corporate Governance Code and has confirmed compliance with the standards set forth for all directors during the fiscal year ending December 31, 2024[99]. - The board consists of five members, including one executive director, one non-executive director, and three independent non-executive directors[55]. - The company has not appointed a chairman or CEO, but the board collectively contributes to leadership and management[49]. Risk Management - The company has established an effective risk management and internal control system in compliance with corporate governance principles[105]. - The board is responsible for the effectiveness of the risk management and internal control systems, which are reviewed annually[113]. - The internal audit function is independent and evaluates the risk management and internal control systems every six months[111]. - The company has not identified any significant internal control deficiencies during the internal review conducted in 2024[110]. Environmental, Social, and Governance (ESG) - The company emphasizes its commitment to sustainable development and corporate social responsibility in its Environmental, Social, and Governance (ESG) report for the year[117]. - The ESG report focuses on the overall environmental and social performance of the company's operations, aligning with the annual report's scope[118]. - The company has identified key environmental and social performance indicators based on stakeholder engagement and materiality assessment[120]. - The company reported a total greenhouse gas emission of 3,253 kg CO2 equivalent in 2024, an increase from 3,117 kg CO2 equivalent in 2023[137]. - The company is committed to energy-saving measures, such as using LED lights and maintaining a minimum temperature of 25˚C in summer to reduce energy consumption[141]. Financial Position - The company's net asset value per share decreased to $0.11 from $0.15 at the end of 2023, representing a decline of 26.67%[9]. - The company's cash and bank balances as of December 31, 2024, were $1,064,658, compared to $1,117,399 in 2023, with no dividends paid during the year[35]. - The current ratio (current assets to current liabilities) was approximately 24.77 as of December 31, 2024, up from 22.55 in 2023, indicating strong liquidity[37]. - The total liabilities to total assets ratio was approximately 4.04% as of December 31, 2024, compared to 4.44% in 2023, reflecting a stable financial position[37]. - As of December 31, 2024, total equity amounted to $1,197,734, a decrease from $1,555,232 in 2023, primarily due to a comprehensive loss of $357,498[197].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of $78,566, a significant decrease from $12,551 in 2023[4] - Interest income decreased to $6,485 from $9,881, while dividend income fell to $15,395 from $23,442[4] - The company experienced a net loss of $357,498 for the year, compared to a net loss of $455,345 in 2023, indicating an improvement of approximately 21.5%[4] - The pre-tax loss for the year ending December 31, 2024, was $357,498 million, compared to a pre-tax loss of $455,345 million for the year ending December 31, 2023[21][31] - The company recorded a net loss of $357,498 for the year ended December 31, 2024, compared to a net loss of $455,345 in 2023, reflecting a decrease in losses due to net gains from securities investments[44] - Realized gains from the sale of securities amounted to $64,127 in 2024, a significant improvement from a realized loss of $18,852 in 2023[44] Assets and Liabilities - Total assets decreased to $1,248,122 from $1,627,405, reflecting a decline of about 23.3%[5] - The total equity of the company decreased to $1,197,734 from $1,555,232, a reduction of approximately 23%[5] - The company's net asset value per share decreased to $0.11 from $0.15, representing a decline of 26.7%[5] - The total liabilities as of December 31, 2024, were classified as unallocated liabilities[25] - The company's total assets decreased to $1,197,734 as of December 31, 2024, down from $1,555,232 in 2023, indicating a decline in asset value[42] Investment Performance - The company reported a significant unrealized gain of $5,837,201 from financial assets measured at fair value through profit or loss[6] - The company reported a net gain of $64,127 million from the sale of financial assets classified at fair value through profit or loss for the year ending December 31, 2024[27] - The company’s investment portfolio achieved a return of 4.64% in 2024, primarily driven by the telecommunications sector[48] - The company’s investment in non-listed equity was written down to zero due to ongoing operational losses and potential liabilities[36] - The company has two reportable operating segments: listed securities and unlisted securities, focusing on investments in equity securities listed on relevant exchanges and investments in non-listed equity securities and open-ended funds[19] Corporate Governance - The company appointed a new independent non-executive director on December 27, 2024, complying with the corporate governance code requirement B.2.4(b) after all independent non-executive directors had served over nine years[70] - The audit committee, consisting of three independent non-executive directors, reviewed the company's accounting standards and policies for the fiscal year ending December 31, 2024[75] - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming that all directors complied with the standards up to December 31, 2024[71] - The board believes that the current structure does not undermine the principles of corporate governance regarding the balance of power and authority between board management and business management[69] - The company has faced challenges in recruiting suitable independent non-executive directors due to talent outflow and economic uncertainties in the securities market[70] Market Conditions - The Hang Seng Index (HSI) experienced a decline of 13.2%, reaching a low of 14,794 points in late January 2024, before rebounding to 16,541 points by the end of March[50] - In May 2024, the HSI peaked at 19,706 points, but fell to 17,718 points in June due to the lack of interest rate cuts from the Federal Reserve and escalating US-China trade tensions[50] - The HSI dropped to a low of 16,441.4 points in August, marking a 16.6% decline from its May peak[50] - By the end of the third quarter, the HSI closed at 21,133.6 points, following a significant rise of over 2,886 points or 15.8% after stimulus measures were announced for the Chinese economy[50] - For the full year 2024, the HSI recorded a gain of 17.7%, with the best-performing sectors being internet-related technology, finance, and telecommunications[52] Administrative and Operational Costs - The company’s administrative expenses decreased to $407,016 from $428,591, showing a reduction of about 5%[4] - The company’s operating costs for the year were $436,064, which offset the gains from securities investments[44] - The total compensation for directors in 2024 was $50,087 million, slightly up from $49,815 million in 2023[28] - The highest-paid employee's total compensation for 2024 was $98,813 million, down from $132,538 million in 2023[29] Compliance and Reporting - The company has adopted revised Hong Kong Financial Reporting Standards for the fiscal year, impacting its financial reporting[9] - The company has reassessed its liabilities as of January 1, 2023, and believes that the classification of liabilities as current or non-current remains unchanged upon the initial application of the revised standards[11] - The revised Hong Kong Financial Reporting Standards (HKFRS) will come into effect on January 1, 2026, and January 1, 2027, respectively, with the company planning to apply these standards when they become effective[14] - The introduction of HKFRS 18 requires entities to categorize all income and expenses into five categories: operating, investing, financing, income tax, and discontinued operations, with new subtotal definitions[15] - The amendments to HKFRS 9 clarify the derecognition date of financial assets or liabilities and introduce accounting policy options for derecognition under specified conditions[17] - The annual report will be published on the Hong Kong Stock Exchange website and the company's website, with printed copies available upon shareholder request[76] Liquidity and Financial Health - The company's current ratio was approximately 24.77 as of December 31, 2024, compared to 22.55 in 2023, indicating improved liquidity[59] - The total debt to total assets ratio was approximately 4.04% as of December 31, 2024, slightly down from 4.44% in 2023, reflecting stable financial health[59] - The company has no significant contingent liabilities or major litigation as of December 31, 2024, ensuring a stable operational environment[57] - As of December 31, 2024, the company's cash and bank balances stood at $1,064,658, a decrease from $1,117,399 in 2023, with no dividends paid during the year[56] Securities Trading and Compliance - The company has established written guidelines for employees regarding securities trading, which are not less stringent than the standard code[73] - The company has not identified any violations of the employee written guidelines during the year[73] - There were no purchases, sales, or redemptions of the company's listed securities during the year[74] - The board consists of diverse experiences and professional skills, contributing collectively to the company's leadership and management[69]

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，概不對因本公告的全部或 任何部份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。 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED （於開曼群島註冊成立之有限公司） 承董事會命 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 茲提述Shanghai International Shanghai Growth Investment Limited（「本公司」）於二 零二四年四月十七日刊發之截至二零二三年十二月三十一日止年度的年度報告（二 零二三年年報」）。除文義另有所指外，本公告所用詞彙與二零二三年年報所界定 者具有相同涵義。本公告旨在為二零二三年年報提供補充資料，須與二零二三年 年報一併閱讀。 有關二零二三年年報第十一頁「管理層討論與分析」一節中標題「非上市投資回顧」 之下所披露之資料，本公司謹此向其股東及潛在投資者提供有關於二零二三年 十二月三十一 ...

Investment Performance - As of December 31, 2023, the company holds 8,734,897 shares of Global Market Group, representing 9.36% of the total issued shares[4] - The investment in Global Market Group has been fully provisioned since June 30, 2019, due to continuous business deterioration and unsuccessful fundraising efforts[4] - The fair value of the investment in Global Market Group is maintained at zero as of December 31, 2023, reflecting the company's ongoing financial struggles[4] - As of December 31, 2023, the company held 6,500 shares of Global X China Biotechnology ETF, representing approximately 0.07143% of total issued shares, with a cost of $49,029 and a fair value of $47,147, accounting for 2.90% of total assets[51] - The company recorded a realized loss of $5,044 from the investment in Global X China Biotechnology ETF in 2023, with an unrealized loss of $1,882 (-3.84%) as of December 31, 2023[51] Financial Performance - The company reported a pre-tax loss of $970,513 for the year ended December 31, 2022, primarily due to losses from financial assets classified at fair value through profit or loss[22] - The company reported a pre-tax loss of $455,345 for the year ending December 31, 2023[60] - Total revenue for the year 2023 was reported at $12,551,000, compared to a loss of $426,072,000 in 2022, indicating a significant recovery[146] - Interest income increased to $9,881,000 in 2023 from $2,108,000 in 2022, reflecting a growth of approximately 369%[146] - The company reported a net loss of $455,345,000 for 2023, an improvement from a net loss of $970,513,000 in 2022, representing a reduction of about 53%[146] - The total assets decreased from $2,010,577,000 in 2022 to $1,555,232,000 in 2023, a decline of approximately 23%[149] - The net asset value per share decreased from $0.19 in 2022 to $0.15 in 2023, reflecting a decline of about 21%[149] - The company incurred a loss of $18,852,000 from the sale of financial assets at fair value through profit or loss, compared to a loss of $480,912,000 in the previous year[146] - Administrative expenses decreased to $428,591,000 in 2023 from $493,647,000 in 2022, showing a reduction of approximately 13%[146] - The company had cash and bank balances of $1,117,399,000 in 2023, down from $1,636,507,000 in 2022, a decrease of about 32%[149] Cash Flow and Liquidity - The net cash flow from operating activities was $(519,108) in 2023, a significant decline from a positive cash flow of $260,200 in 2022[164] - The company’s total cash outflow from operating activities was $(552,431) in 2023, compared to an inflow of $234,076 in 2022, indicating a shift in cash flow dynamics[164] - The company’s cash and cash equivalents decreased to $1,117,399 at the end of 2023 from $1,636,507 at the end of 2022, representing a decline of approximately 32%[164] Internal Controls and Governance - The company has not identified any significant internal control deficiencies based on the internal monitoring review conducted in 2023[8] - The company has established internal controls to manage the risks associated with financial reporting[136] - The audit report confirms that the financial statements present a true and fair view of the company's financial position and performance for the year ended December 31, 2023[117] - The audit identified key audit matters, including the existence and valuation of financial assets measured at fair value through profit or loss[124] - The company has a responsibility to ensure that the financial statements are free from material misstatement due to fraud or error[133] Environmental and Social Responsibility - The company is committed to integrating environmental, social, and governance (ESG) factors into its business operations and investment portfolio[30] - The total amount of non-hazardous waste generated in 2023 was 227 kg, a decrease from 296 kg in 2022, resulting in a density of 227 kg per employee compared to 148 kg per employee in the previous year[49] - The company has implemented environmental measures, including double-sided printing and electronic systems to reduce paper usage[63] - The company has identified climate-related risks and is taking steps to adapt to extreme weather events[64] - The company has not reported any direct emissions from its operations, indicating a focus on sustainability[66] - The company aims to continuously reduce water usage and has not encountered issues in sourcing water[63] - The company has not disclosed any harmful waste generation, emphasizing its commitment to environmental responsibility[66] Employee and Management Information - The company had only one employee as of December 31, 2023, with a turnover rate of 50%[33] - The company emphasizes the importance of employee health and safety, adhering to occupational safety regulations and implementing various internal policies[37] - The company has established a clear reporting system for unsafe and unhealthy work environments to ensure prompt management response[37] - The highest paid employees included three directors, with total compensation for non-director and non-executive staff amounting to $132,538 in 2023, down from $192,864 in 2022, representing a decrease of approximately 31.3%[85] Shareholder and Corporate Structure - Major shareholders include Shanghai Industrial Holdings Limited with a 17.64% stake and Yuan Chufeng with a 16.67% stake[106] - The company has sufficient public float with at least 25% of shares held by the public as of the report date[110] - The board of directors includes Mr. Zhao Tian and Dr. Hua Min, with all independent non-executive directors serving a term of three years[79] - The investment management agreement with the fund management company has been extended for three years, from July 1, 2023, to June 30, 2026[95] - The performance fee for the fund management company is set at 20% of the net asset value exceeding the high watermark[93] - The company has maintained a consistent policy regarding director remuneration based on performance and responsibilities, subject to shareholder approval[92] Accounting Policies and Financial Reporting - The company has complied with the Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance in preparing its financial statements[117] - The company measures equity investments at fair value at each reporting period, with fair value defined as the price received in orderly transactions between market participants[188] - Financial assets are classified upon initial recognition as measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss, depending on cash flow characteristics and business model[194] - The company’s financial statements include a comprehensive review of significant accounting policies and related party transactions[191]

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，概不對因本公告的全部或任何部份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。 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED （於開曼群島註冊成立之有限公司） （股份代號：770） Shanghai International Shanghai Growth Investment Limited（「本公司」）之董事會（「董事 會」）謹此公佈本公司截至二零二三年十二月三十一日止年度之經審計全年業績與二零 二二年比較數字。本年度業績經本公司之審計委員會審閱，並獲本公司之外聘審計師 確認。 損益及其他全面收益表 截至二零二三年十二月三十一日止年度 | | | 二零二三年 | 二零二二年 | | --- | --- | --- | --- | | | 附註 | 美元 | 美元 | | 收入及投資虧損 | | | | | 利息收入 | | 9,881 | 2,108 | | 股息收入 | | 23,442 | 24,01 ...

Financial Performance - For the six months ended June 30, 2023, the company reported interest income of $5,620, a significant increase from $16 in the same period of 2022[12]. - Dividend income rose to $16,883 compared to $14,130 in the previous year, reflecting a growth of approximately 19.5%[12]. - The net gain from the sale of financial assets at fair value through profit or loss was $66,173, a substantial recovery from a loss of $375,352 in the prior year[12]. - Total revenue and investment losses amounted to $71,531, a notable improvement from a loss of $376,615 in the same period last year[12]. - The pre-tax loss for the period was $168,450, a significant reduction from $608,089 in the same period of 2022, showing improved financial performance[12]. - The total comprehensive loss for the six months ended June 30, 2023, was $168,450, compared to a loss of $608,089 for the same period in 2022, indicating an improvement of approximately 72.3%[20]. - The company recorded an unaudited net loss of $168,450 for the six months ended June 30, 2023, a decrease from a net loss of $608,089 for the same period in 2022[58]. Assets and Equity - The net asset value decreased to $1,842,127 from $2,010,577, reflecting a decline of approximately 8.3%[14]. - The total equity decreased to $1,842,127, with a net asset value per share of $0.17, down from $0.19 at the end of 2022[14]. - As of June 30, 2023, the total equity amounted to $1,842,127, a decrease from $2,373,001 as of June 30, 2022, reflecting a decline of approximately 22.4%[15]. - As of June 30, 2023, the total assets of the company were $1,922,198, with $341,769 classified as financial assets at fair value through profit or loss[32]. - The total assets as of December 31, 2022, were $2,133,038, with $452,856 classified as financial assets at fair value through profit or loss[32]. Cash Flow and Liquidity - As of June 30, 2023, cash and bank balances stood at $1,561,089, slightly down from $1,636,507 at the end of 2022[14]. - The cash and cash equivalents decreased to $1,561,089 as of June 30, 2023, from $1,663,564 as of June 30, 2022, representing a decline of about 6.1%[20]. - The operating cash flow for the six months ended June 30, 2023, was a net outflow of $75,418, compared to an inflow of $287,257 for the same period in 2022, showing a significant change in cash flow dynamics[20]. Investment Strategy - The company continues to focus on investments in listed and unlisted equity and debt securities primarily in the Greater China region, maintaining its strategic investment approach[22]. - The company’s investment strategy is considered strategic, with listed equity securities designated at fair value through profit or loss[43]. - The company aims for long-term capital appreciation through investments in listed and unlisted equity and debt securities in the Greater China region[62]. - The company plans to focus on technology stocks related to the internet and consumer themes, as well as the healthcare sector, in response to domestic economic recovery[86]. Market Performance - In the first half of 2023, China's GDP grew by 5.5% year-on-year, with Q1 growth at 4.5% and Q2 at 6.3%[66]. - The Hang Seng Index decreased by 4.37% and the Hang Seng China Enterprises Index fell by 4.18% in the first half of 2023[71]. - The company's listed investment portfolio achieved a return of 3.55% in the first half of 2023, outperforming the market[73]. - The best-performing sectors during this period were oil, coal, banking, and telecommunications, while the worst-performing sectors included property management, healthcare, automotive retail, and education[71]. Shareholder Information - The company reported a basic and diluted loss per share of 1.58 cents, down from 5.69 cents in the previous year, indicating a reduction in losses per share[12]. - The company did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous period[37]. - The company issued 10,686,000 shares of common stock, with a par value of $0.10 per share, unchanged from the previous year[45]. Management and Governance - The company has not appointed a chairman or CEO, but the board believes that all directors contribute diverse experiences and skills to the leadership and management of the company[99]. - The board consists of five members, including one executive director, one non-executive director, and three independent non-executive directors[104]. - The company has established specific roles and responsibilities for the audit committee, remuneration committee, nomination committee, and investment committee[105]. - The investment committee is responsible for finding and evaluating investment opportunities, while the fund management company manages the daily operations of the investment portfolio[103]. Challenges and Risks - The company has no clear business or fundraising plans in the short term, leading management to believe that the business model may not be sustainable[41]. - The company’s management believes that due to ongoing operating losses and potential liabilities, it will not have sufficient working capital to maintain operations[41]. - The company is facing challenges in recruiting suitable independent non-executive directors due to talent outflow and economic uncertainties in the securities market[103]. - The company has no significant foreign exchange risk as most assets and liabilities are settled in HKD or USD, and it does not require hedging arrangements[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，概不對因本公告之全部或任何部份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。 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED （於開曼群島註冊成立之有限公司） （股份代號：770） 二零二三年中期業績公佈 截至二零二三年六月三十日止六個月 Shanghai International Shanghai Growth Investment Limited（「本公司」）董事會（「董事會」） 欣然公佈本公司截至二零二三年六月三十日止六個月之未經審核中期業績連同二零 二二年同期比較數字，未經審核中期業績已由本公司之審計委員會（「審計委員會」）及 本公司之外聘審計師審閱。 中期簡明損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 （未經審核） （未經審核） 美元 美元 收入及投資虧損 利息收入 5,620 16 股息收入 16,883 14,130 按公允值計入 ...

Financial Performance - The company recorded a net loss of $970,513 for the year ended December 31, 2022, compared to a net loss of $708,245 in 2021, primarily due to increased losses from listed securities investments[7]. - The realized loss from the sale of listed securities was $480,912 in 2022, up from a realized loss of $154,799 in 2021, while the unrealized gain was $21,210, compared to an unrealized loss of $47,787 in the previous year[7]. - The overall loss from listed securities investments amounted to $435,686 in 2022, combined with operating costs of $544,441, leading to the net loss[7]. - The company's net asset value per share decreased by 32% to $0.19 as of December 31, 2022, down from $0.28 in the same period of 2021[9]. - The company's stock price was $0.176 as of December 31, 2022, representing a discount of 7.36% to the net asset value per share[9]. - The Hang Seng Index fell by 15.5% in 2022, while the company's listed securities portfolio recorded a loss of 14.9%, which was higher than the index performance by 0.6%[8]. - The company does not recommend any dividend distribution for the year ended December 31, 2022[10]. Investment Outlook - The investment outlook for 2023 is cautious, with expectations of strong economic recovery in China post-reopening, but potential risks from U.S. economic recession and geopolitical tensions remain[17]. - The company plans to focus on investing in sectors with foreseeable growth potential, including renewable energy, technology, consumer, telecommunications, and healthcare[17]. - The fund management company will continue to monitor a fully provisioned investment project and seek suitable exit opportunities[18]. Economic Context - In 2022, China's GDP growth was 3.0%, a significant decrease from 8.1% in 2021[21]. - Retail sales in December 2022 showed improvement, with nominal and real retail sales declining by -1.8% and -3.7% respectively, compared to -5.9% and -7.6% in November[22]. - Fixed asset investment growth rebounded to +3.6% in December, resulting in a year-to-date growth of +5.1% for 2022[23]. - High-tech investment accelerated to +18.9% in 2022, with high-tech manufacturing rising by +22.2%[23]. - The S&P 500 Index declined by 19.44% in 2022, reflecting broader market challenges[24]. - In December 2022, industrial production value growth slowed to +1.3%, exceeding market expectations of +0.1%[22]. - China's actual foreign investment utilization grew by 6.3% in 2022, down from 14.9% in 2021[21]. - The foreign trade surplus for 2022 was $87.76 billion, an increase from $67.64 billion in 2021[21]. Corporate Governance - The company has maintained a commitment to high standards of corporate governance, ensuring the integrity, transparency, and quality of information disclosure for long-term sustainable development[67]. - The board of directors is responsible for the overall management of the company, including setting long-term corporate goals and strategies, evaluating investment projects, and overseeing the fund management company[73]. - The company has established a series of long-term strategies and measures to promote a corporate culture based on integrity, openness, and accountability[69]. - The independent non-executive directors have extensive experience, with one having over 46 years in various sectors including manufacturing and investment banking[61]. - The company has not appointed a chairman or CEO, believing that all directors contribute equally to leadership and management[68]. - The board has reviewed and adopted the corporate governance code, ensuring compliance with the relevant regulations[67]. - The company emphasizes the importance of good corporate governance practices for long-term business development and enhancing investment value[69]. Risk Management - The company has established a risk management system that includes risk identification, assessment, and management processes to address significant risks related to its business operations[132]. - The investment committee monitors investment activities and recommends decisions based on global and local market conditions, ensuring regular reviews of investment management policies[134]. - The company’s internal control system aligns with the COSO 2013 framework, ensuring operational effectiveness, reliable financial reporting, and compliance with applicable laws[135]. - The board reviews the effectiveness of the risk management and internal control systems annually, considering changes in significant risks and the company's response capabilities[137]. Employee and Workplace Policies - The company employs two staff members and continues to engage a fund management company for investment management and administrative affairs[51]. - The company has two full-time employees as of December 31, 2022, both of whom are women aged between 50-59, with an employee turnover rate of 0% for the year[152]. - The company emphasizes a competitive compensation and benefits package, including mandatory provident fund contributions and discretionary bonuses, while maintaining a five-day work week for work-life balance[155]. - The company strictly adheres to the Occupational Safety and Health Ordinance, implementing various internal policies to ensure workplace safety and health[156]. - The company provides ongoing professional training funding to encourage employee development and continuous improvement[155]. Environmental and Social Responsibility - The company remains committed to sustainable development and corporate social responsibility, as outlined in its environmental, social, and governance report[142]. - The company has conducted a materiality assessment to identify significant ESG issues, including employment practices, operational compliance, and business ethics[152]. - The company integrates environmental and social factors into its investment portfolio to promote overall ESG goals[149]. - The company has identified risks related to climate change, including changes in precipitation patterns and extreme weather events, which may impact financial performance[172]. - The company is committed to exploring environmentally friendly and energy-saving measures to reduce its carbon footprint and achieve sustainable business development[171]. Shareholder Engagement - The company emphasizes effective communication with shareholders to enhance investor relations[106]. - The board conducts annual reviews of the shareholder communication policy to ensure its effectiveness[107]. - The company allows shareholders holding at least 10% of voting rights to request a general meeting[118]. - Shareholders must submit written proposals for director nominations at least seven days before the relevant meeting[114]. Audit and Compliance - The audit committee reviewed the company's financial statements and reports, ensuring compliance with accounting standards and internal controls[94]. - The external auditor, Ernst & Young, provided audit services for a total fee of $55,108 for the year 2022, which includes $50,944 for audit services and $4,164 for tax compliance and other services[140]. - The company has implemented measures to ensure the confidentiality of insider information and compliance with disclosure regulations[135]. - The internal audit function is independent and evaluates the risk management and internal control systems every six months, reporting findings to the board[136].

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，概不對因本公告的全部或任何部份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。 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED （於開曼群島註冊成立之有限公司） （股份代號：770） 截至二零二二年十二月三十一日止年度 全年業績公佈 財務業績 Shanghai International Shanghai Growth Investment Limited（「本公司」）之董事會（「董事 會」）謹此公佈本公司截至二零二二年十二月三十一日止年度之經審計全年業績與二零 二一年比較數字。本年度業績經本公司之審計委員會審閱，並獲本公司之外聘審計師 確認。 損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 美元 美元 收入及投資虧損 利息收入 2,108 41 股息收入 24,016 25,571 其他收入 5 6,117 506 透過損益按公平值列賬之金融資產之 未變現收益╱（虧損）變 ...