一、董事会会议召开情况 （一）上海实业发展股份有限公司（以下简称"公司"）第九届 董事会第二十四次（临时）会议通知于 2026 年 1 月 7 日以电子邮件 形式通知各位董事，会议材料以邮件/纸质文件送达方式送至各位董 事，会议于 2026 年 1 月 12 日（星期一）以通讯方式召开，会议应参 加董事七名，实际参加董事七名，公司高级管理人员列席了会议。会 议符合有关法律、法规及《公司章程》的规定。 证券代码：600748 证券简称：上实发展 公告编号：临 2026-01 上海实业发展股份有限公司 第九届董事会第二十四次会议决议 暨聘任公司副总裁的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 特此公告。 二、董事会会议审议情况 1、《公司关于聘任副总裁的议案》 该议案已经公司第九届董事会提名委员会第五次会议审议通过。 1 副总裁兼董事会秘书，任期自董事会审议通过之日起至第九届董事会 任期届满之日止。 高欣女士为公司现任董事会秘书，具备丰富的法律专业知识及相 关工作 ...

上实发展(600748)今日涨停，全天换手率3.92%，成交额4.58亿元，振幅11.21%。龙虎榜数据显示，机 构净卖出1101.82万元，沪股通净买入1184.96万元，营业部席位合计净买入2276.42万元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.17%上榜，机构专用席位净卖出1101.82万元，沪股 通净买入1184.96万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.35亿元，其中，买入成交额为7912.12 万元，卖出成交额为5552.56万元，合计净买入2359.56万元。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即卖二，合计净卖出1101.82万元，沪股 通为第一大买入营业部及第一大卖出营业部，买入金额为3534.24万元，卖出金额为2349.28万元，合计 净买入1184.96万元。 近半年该股累计上榜龙虎榜10次，上榜次日股价平均涨3.14%，上榜后5日平均涨5.42%。 融资融券数据显示，该股最新（1月8日）两融余额为3.74亿元，其中，融资余额为3.74亿元，融券余额 为29.69万元。近5日融资余额合计增加5654.24万元，增幅为17. ...

Core Viewpoint - The stock of Shanghai Industrial Development Co., Ltd. has experienced fluctuations, with a recent decline of 2.07% and a total market capitalization of 10.459 billion yuan, reflecting mixed investor sentiment and market activity [1]. Group 1: Stock Performance - As of January 6, the stock price is 5.67 yuan per share, with a trading volume of 2.59 billion yuan and a turnover rate of 2.44% [1]. - Year-to-date, the stock has increased by 4.61%, with a 4.61% rise over the last five trading days, a 0.53% decline over the last 20 days, and a 13.63% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, the company reported a revenue of 2.12 billion yuan, representing a year-on-year growth of 32.45%, while the net profit attributable to shareholders was a loss of 609 million yuan, a decrease of 118.41% compared to the previous year [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 31,600, with an average of 58,303 circulating shares per shareholder, a decrease of 1.15% from the previous period [2]. - The company has distributed a total of 1.511 billion yuan in dividends since its A-share listing, with 75.627 million yuan distributed over the last three years [3]. - Among the top ten circulating shareholders, the Southern CSI Real Estate ETF has reduced its holdings by 108,300 shares, while Hong Kong Central Clearing Limited has exited the top ten list [3].

Market Performance - The real estate development sector increased by 1.18% on December 31, with Hefei Urban Construction leading the gains [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Top Gainers - Hefei Urban Construction (002208) closed at 12.38, up 10.04% with a trading volume of 249,500 shares and a transaction value of 309 million [1] - Chengjian Development (600266) closed at 5.07, up 9.98% with a trading volume of 1,381,300 shares and a transaction value of 675 million [1] - Hezhan Energy (000809) closed at 3.64, up 9.97% with a trading volume of 672,100 shares and a transaction value of 241 million [1] Top Losers - Wantong Development (600246) closed at 12.30, down 4.58% with a trading volume of 897,300 shares and a transaction value of 1.106 billion [2] - Shoukai Shares (600376) closed at 6.61, down 4.06% with a trading volume of 3,535,500 shares and a transaction value of 2.4 billion [2] - China Shiyi (000797) closed at 3.93, down 3.44% with a trading volume of 987,100 shares and a transaction value of 391 million [2] Capital Flow - The real estate development sector saw a net inflow of 9.55 million from institutional investors, while retail investors contributed a net inflow of 37.1 million [2] - The sector experienced a net outflow of 381 million from speculative funds [2] Individual Stock Capital Flow - Zhangjiang Hi-Tech (600895) had a net inflow of 39 million from institutional investors, but a net outflow of 230 million from speculative funds [3] - Chengjian Development (600266) saw a net inflow of 206 million from institutional investors, with a net outflow of 89.36 million from speculative funds [3] - Hefei Urban Construction (002208) had a net inflow of 118 million from institutional investors, but a net outflow of 49.63 million from speculative funds [3]

Group 1 - The core viewpoint of the news is that Shanghai Industrial Development Co., Ltd. has shown significant stock performance and financial metrics, indicating potential investment interest [1][2] - As of December 31, the stock price increased by 2.26% to 5.43 CNY per share, with a total market capitalization of 10.016 billion CNY [1] - The company has experienced a year-to-date stock price increase of 50.83%, with a recent 5-day increase of 2.45% and a 20-day decrease of 3.89% [1] Group 2 - The company was established on September 19, 1996, and primarily engages in real estate development and related services, with property management services contributing 52.15% to its revenue [2] - For the period from January to September 2025, the company reported a revenue of 2.12 billion CNY, reflecting a year-on-year growth of 32.45%, while the net profit attributable to shareholders was -609 million CNY, a decrease of 118.41% [2] - As of September 30, 2025, the number of shareholders increased to 31,600, with an average of 58,303 circulating shares per shareholder [2][3] Group 3 - The company has distributed a total of 1.511 billion CNY in dividends since its A-share listing, with 75.627 million CNY distributed over the past three years [3] - Among the top ten circulating shareholders, the Southern CSI Real Estate ETF is the eighth largest, holding 11.678 million shares, a decrease of 108,300 shares from the previous period [3]

Group 1 - The acquisition involves a transfer of state-owned equity, resulting in the acquirer and its concerted parties indirectly controlling more than 30% of the voting rights in the listed company, triggering the obligation for a mandatory tender offer [2] - The acquisition is exempt from the tender offer requirement as it meets the conditions outlined in the relevant regulations regarding state-owned asset transfers [2][23] - The acquirer and its concerted parties have committed that the report does not contain false records, misleading statements, or significant omissions, and they bear legal responsibility for its authenticity, accuracy, and completeness [5][26] Group 2 - The acquirer, Shanghai Shanshi Group, is a wholly state-owned enterprise controlled by the Shanghai State-owned Assets Supervision and Administration Commission [4] - The core business of the acquirer includes diversified operations such as equity investment, real estate development, and financial services [5] - The financial data for the acquirer over the past three years has been audited, indicating a strong financial position [5] Group 3 - The acquisition aims to optimize the management structure and support the state-owned enterprise reform requirements, enhancing the core competitiveness of the acquirer [16] - The acquirer does not plan to increase or dispose of its shares in the listed company within the next 12 months, adhering to legal disclosure obligations for any future changes [18] - The acquisition process has been completed in accordance with legal requirements, with no further procedures needed [19] Group 4 - Prior to the equity adjustment, the acquirer controlled 1,036,186,104 shares of the listed company, representing 56.18% of the total shares [20] - The equity adjustment does not change the actual controller of the listed company, which remains the Shanghai State-owned Assets Supervision and Administration Commission [17][21] - The shares involved in the acquisition are all tradable and free from any restrictions such as pledges or judicial freezes [21]

上海实业发展股份有限公司 收购报告书 签署日期：2025 年 12 月 上市公司名称： 上海实业发展股份有限公司 股票上市地点： 上海证券交易所 股票简称： 上实发展 股票代码： 600748.SH 收购人名称： 上海上实（集团）有限公司 住所及通讯地址： 上海市淮海中路 98 号金钟广场 21 楼 一致行动人： 金钟国际控股有限公司 住所及通讯地址： 香港湾仔告士打道 39 号夏悫大厦 27 楼 收购人及其一致行动人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、本报告书系收购人及其一致行动人依据《中华人民共和国公司法》《中 华人民共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信息披 露内容与格式准则第 16 号——上市公司收购报告书》及其它相关法律、法规、部 门规章和规范性文件的规定编写。 二、依据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司 收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 16 号——上市 公司收购报告书》的规定，本报告书已全面披露了收购人及其一致行动人在上实 发展拥有权益的股份。截至本报告书签署日，除本报告书披露的持股 ...

上海实业发展股份有限公司 收购报告书摘要 签署日期：2025 年 12 月 上市公司名称： 上海实业发展股份有限公司 股票上市地点： 上海证券交易所 股票简称： 上实发展 股票代码： 600748.SH 收购人名称： 上海上实（集团）有限公司 住所及通讯地址： 上海市淮海中路 98 号金钟广场 21 楼 一致行动人： 金钟国际控股有限公司 住所及通讯地址： 香港湾仔告士打道 39 号夏悫大厦 27 楼 收购人及其一致行动人声明 本部分所述词语或简称与本报告书摘要"释义"所述词语或简称具有相同含 义。 一、本报告书摘要系收购人及其一致行动人依据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信 息披露内容与格式准则第 16 号——上市公司收购报告书》及其它相关法律、法规、 部门规章和规范性文件的规定编写。 二、依据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司 收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 16 号——上市 公司收购报告书》的规定，本报告书摘要已全面披露了收购人及其一致行动人在 上实发展拥有权益的股份。截至本报告书摘要签署日 ...

: 021-20511000传 : 021-20511999 :200120 上海市锦天城律师事务所 法律意见书 z 目 录 o ALLBRIGHT LAW OFFICEs | 义… 释 | | --- | | 正 文 | | 一、收购人及一致行动人的基本情况 … | | 二、 本次收购目的及决定 ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………11 | | 三、 收购方式………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………12 | | 本次收购的资金来源 四、 | | 五、 本次收购的后续计划 | | 六、 本次收购对上市公司的影响分析 | | 七、 与上市公司之间的重大交易 ……………………………………………………………………………………………………………17 | | 八、 前六个月内买卖上市公司股份的情况 ………………………………… ...

关于上海上实（集团）有限公司及其一致行动人 免于发出要约事宜 上海市锦天城律师事务所 之 法律意见书 锦 天 城 律 师 事 务 所 ALLBRIGHT LAW OFFICES 邮编: 200120 地址： 上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话: 021-20511000 传真: 021-20511999 上海市锦天城律师事务所 法律意见书 目 录 | 発 У | | --- | | 正 文 | | 一、收购人及一致行动人的主体资格 … | | 二、 本次收购属于《收购管理办法》规定免于发出要约的情形……………………………… 5 | | 三、 本次收购的主要程序 … | | 四、 本次收购是否存在法律障碍 … | | 干、 本次收购的信息披露情况 | | 六、 收购人及一致行动人在本次收购过程中是否存在证券违法行为………… 6 | | 七、 结论意见 | 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于上海上实（集团）有限公司及其一致行动人 免于发出要约事宜之法律意见书 致: 上海上实(集团)有限公司 上海市锦天城律师事务所〈以下简称"本所"）接受上海上实（ ...