Group 1 - The company, Shanghai Urban Development (00563), noted that the Hong Kong Independent Commission Against Corruption (ICAC) announced on July 29, 2025, that a former executive director and chairman of China New Town Development Company Limited (China New) has been prosecuted by the ICAC [1] - The accused individual has been under investigation for alleged misconduct occurring between November 2003 and July 2007, prior to the change of control when Shanghai Industrial Holdings Limited acquired a 45.02% stake in China New in June 2010 [1] - The case involves the acquisition of Top Fair Limited by China New in February 2004, which also took place before the change of control [1] Group 2 - The company emphasizes that its current board of directors, senior management, and staff have no connection with the accused individual and are not involved in any alleged misconduct attributed to the accused [2]
上实城市开发(00563)：现任董事会、高级管理层及职员与被控人士并无任何关系