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 ...

Financial Performance - Total revenue for the six months ended June 30, 2022, was a loss of $376,615,000, compared to a loss of $63,534,000 for the same period in 2021, indicating a significant decline[11]. - The company reported a pre-tax loss of $608,089,000 for the period, compared to a loss of $319,804,000 in the prior year[11]. - The total comprehensive loss for the six months ended June 30, 2022, was $608,089, compared to a loss of $319,804 for the same period in 2021, representing an increase of 90%[18]. - The company recorded an unaudited net loss of $608,089 for the six months ended June 30, 2022, compared to a net loss of $319,804 for the same period in 2021, primarily due to increased net losses from listed securities investments[63]. - The company recorded total investment losses of $388,691 for the six months ended June 30, 2022, compared to $67,480 for the same period in 2021, marking a significant increase of 474.5%[32]. Assets and Equity - Net assets decreased to $2,373,001,000 as of June 30, 2022, from $2,981,090,000 at the end of 2021, reflecting a decline of approximately 20.3%[13]. - Total equity decreased from $2,981,090,000 to $2,373,001,000, a reduction of approximately 20.3%[13]. - The company's total assets as of June 30, 2022, amounted to $2,462,138, a decrease from $3,077,737 as of December 31, 2021, indicating a reduction of 19.9%[29]. - The fair value of financial assets at fair value through profit or loss dropped significantly to $732,882,000 from $1,658,595,000, a decline of about 56%[13]. - The fair value of listed equity investments decreased from $1,658,595 on December 31, 2021, to $732,882 on June 30, 2022, reflecting a decline of 55.8%[42]. Cash Flow and Income - Cash and bank balances increased to $1,663,564,000 from $1,376,307,000, showing a growth of about 21%[13]. - The company reported a net cash flow from operating activities of $287,257 for the six months ended June 30, 2022, compared to a cash outflow of $792,839 for the same period in 2021, indicating a significant improvement[18]. - The company’s basic and diluted loss per share was 5.69 cents, compared to 2.99 cents in the previous year, indicating a worsening loss per share[11]. - The company recognized dividend income of $14,130 for the six months ended June 30, 2022, compared to $6,659 for the same period in 2021, representing an increase of 112.1%[18]. - The company’s interest income decreased to $16 for the six months ended June 30, 2022, from $23 for the same period in 2021, indicating a decline of 30.4%[18]. Administrative Expenses - The company incurred administrative expenses of $203,380,000, down from $219,939,000, reflecting a decrease of approximately 7.2%[11]. - Management and administrative fees paid to the fund management company for the six months ended June 30, 2022, were $28,094, a decrease from $36,331 in the same period of 2021[51]. - The outstanding balance payable to the fund management company at the end of the reporting period was $39,402, down from $52,359 as of December 31, 2021[53]. Market and Economic Conditions - The Chinese economy experienced a GDP growth of only 0.4% in Q2 2022, the slowest since Q1 2020, following a 4.8% growth in Q1 2022[71]. - The investment environment in the second quarter was affected by inflation pressures and economic stagnation, leading to a decline in market expectations for interest rates[75]. - The technology sector (cloud computing, software, media, IT platforms) fell by 14.12%, while the healthcare sector dropped by 18.65% in the first half of 2022[78]. - The Hang Seng Index closed at 21,859.79 on June 30, 2022, down 6.57% from 23,397.67 on December 31, 2021[72]. - The company anticipates a recovery in the internet sector following the easing of strict government controls[79]. Governance and Compliance - The company has maintained compliance with the Corporate Governance Code, with no deviations noted during the six months ending June 30, 2022[104]. - The board consists of five members, including one executive director and three independent non-executive directors, following the retirement of Dr. Wang Jing on March 23, 2022[107]. - All directors confirmed compliance with the Securities Trading Code during the six months ending June 30, 2022[115].

年 報 2021 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) 基金管理公司 香港滬光國際投資管理有限公司 ANNUAL REPORT 2021 Investment Manager Shanghai Interna�onal Asset Management (Hong Kong) Company Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 770) SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED Annual Report 2021 年報 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 董事會總結 | 3 | | 管理層討論與分析 | 6 | | 經濟 ...

2020 2020 年 報 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） 基金管理公司 香港滬光國際投資管理有限公司 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED Annual Report 2020 年報 目錄 | 公司資料 | 2 | | --- | --- | | 董事會總結 | 3 | | 管理層討論與分析 | 6 | | 經濟回顧 | 6 | | 主要投資目標、政策及限制 | 8 | | 上市投資回顧 | 8 | | 非上市投資回顧 | 11 | | 董事履歷資料 | 12 | | 企業管治報告 | 15 | | 環境、社會及管治報告 | 31 | | 董事會報告 | 43 | | 獨立審計師報告 | 50 | | 損益及其他全面收益表 | 55 | | 財務狀況表 | 56 | | 權益變動表 | 57 | | 現金流量表 | 58 | | 財務報表附註 | 59 | | 五年財務概要（未經審核） | 9 ...

2020 中 期 報 告 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） 基金管理公司 香港滬光國際投資管理有限公司 | 目錄 | | --- | | | 頁 2 3 5 6 | | --- | --- | | 公司資料 | | | 獨立審閱報告 | | | 中期簡明財務資料 | | | 中期簡明損益及其他全面收益表 | | | 中期簡明財務狀況表 | | | 中期簡明權益變動表 | 7 | | 中期簡明現金流量表 | 9 | | 中期簡明財務資料附註 | 10 | | 管理層討論及分析 | 25 | | 其他資料 | 32 | SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 公司資料 董事 執行董事： 王京博士 吳濱先生 獨立非執行董事： 華民博士 王家泰先生 易永發先生 非執行董事： 馮煌先生 陸雪方先生 倪建偉先生 （於二零二零年六月十二日辭任） 公司秘書 吳燕月小姐 基金管理公司 香港滬光國際投資管理有限公司 在 ...

2019 年 報 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 董事會總結 | 3 | | 管理層討論與分析 | 7 | | 經濟回顧 | 7 | | 主要投資目標、政策及限制 | 9 | | 上市投資回顧 | 10 | | 非上市投資回顧 | 13 | | 董事履歷資料 | 15 | | 企業管治報告 | 20 | | 環境、社會及管治報告 | 37 | | 董事會報告 | 41 | | 獨立審計師報告 | 49 | | 損益及其他全面收益表 | 54 | | 財務狀況表 | 55 | | 權益變動表 | 56 | | 現金流量表 | 58 | | 財務報表附註 | 59 | | 五年財務概要 | 94 | 1 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED Annual Report 2019 二零一九年年報 董事 執行董事： 王京博士 吳濱先生 獨立非執行董事： 華民博士 王家泰先生 易 ...

非執行董事： 目錄 | 公司資料 | 2 | | --- | --- | | 獨立審閱報告 | 3 | | 中期簡明財務資料 | | | 中期簡明損益及其他全面收益表 | 5 | | 中期簡明財務狀況表 | 6 | | 中期簡明權益變動表 | 7 | | 中期簡明現金流量表 | 9 | | 中期簡明財務資料附註 | 10 | | 管理層討論及分析 | 29 | | 其他資料 | 38 | 頁 中期報告 2019 公司資料 董事 執行董事： 王京博士 吳濱先生 獨立非執行董事： 華民博士 王家泰先生 易永發先生 馮煌先生 陸雪方先生 倪建偉先生 公司秘書 吳燕月小姐 基金管理公司 香港滬光國際投資管理有限公司 在香港： 香港灣仔 軒尼詩道48-62 號 上海實業大廈 15 樓1501 室 在上海： 中國上海市 淮海中路98 號 金鐘廣場16 樓 郵政編號：200021 法律顧問 在香港： 易周律師行 在開曼群島： Maples and Calder 審計師 安永會計師事務所 執業會計師 託管人 渣打銀行（香港）有限公司 股份過戶登記處 SHANGHAI INTERNATIONAL SHANGHAI GROWTH ...