Core Viewpoint - Shanghai Urban Investment Holding Co., Ltd. has announced the progress of its first share repurchase through centralized bidding, aimed at maintaining company value and shareholder rights [1] Summary by Relevant Sections Share Repurchase Plan - The company's board approved the share repurchase plan on August 28, 2025, with an implementation period from August 28, 2025, to November 27, 2025 [1] - The expected repurchase amount is between 50 million to 100 million yuan [1] Repurchase Execution - As of the end of September, no repurchase had been executed [1] - On October 9, the company repurchased 1.5 million shares, accounting for 0.06% of the total share capital, with a transaction amount of 7,045,937.99 yuan [1] - The repurchase price ranged from 4.64 yuan to 4.75 yuan per share, in compliance with the plan and regulatory requirements [1] Future Actions - The company will repurchase shares as per regulations and disclose timely updates [1]

Company Overview - Wuhan San Zhen Industrial Holding Co., Ltd. was established in 1997 and approved by the Wuhan Municipal Government [1] - The company was publicly listed in 1998, with an initial total share capital of 34 million shares [1][2] - The company is primarily engaged in urban water supply and drainage, sewage treatment, and infrastructure management [3] Capital Increase and Share Issuance - In 1999, the company increased its total share capital to 40.8 million shares through a capital reserve conversion [2] - Following further capital increases, the total share capital reached 44.115 million shares after a rights issue [2] - The company plans to issue shares and pay cash to acquire 100% equity of Wuhan Municipal Engineering Design and Research Institute [5][6] Asset Acquisition Details - The transaction price for the acquisition of the design institute is set at RMB 1.600633 billion, with 85% paid in shares and 15% in cash [5] - The share issuance price is determined to be RMB 5.22 per share, based on the average trading price of the company's shares [5] - The company intends to raise funds from no more than 35 specific investors to support the acquisition [6] Financial Reporting and Accounting Policies - The financial statements are prepared under the assumption that the acquisition will be completed by January 1, 2024 [7] - The company follows the accounting standards for business combinations, treating the acquisition as a transaction under common control [7] - The financial statements reflect the company's financial position and operating results as of March 31, 2025, and December 31, 2024 [7]

Core Viewpoint - The legal opinion issued by Shanghai Jintiancheng Law Firm confirms that the 2024 annual general meeting of Shanghai Urban Investment Holding Co., Ltd. was convened and conducted in accordance with relevant laws and regulations, ensuring the legitimacy and validity of the meeting and its resolutions [1][11]. Group 1: Meeting Procedures - The annual general meeting was convened by the company's board of directors, with a notice published 20 days prior to the meeting, detailing the time, location, agenda, and registration methods [2][3]. - The meeting was held on June 20, 2025, with both on-site and online voting options available for shareholders [3][4]. Group 2: Attendance and Voting - A total of 533 participants attended the meeting, including 28 on-site shareholders and 505 shareholders voting online, representing 54,019,266 shares, which is 2.1569% of the total voting shares [4][5]. - The voting results showed a significant majority in favor of the proposals, with the highest approval rate being 99.6296% for one of the resolutions [9][10]. Group 3: Resolutions and Results - All proposed resolutions were approved by the shareholders, with no amendments or new proposals introduced during the meeting [11]. - The voting results for various resolutions indicated overwhelming support, with the lowest approval rate being 94.5812% for a related party transaction [6][8].

General Principles - The rules are established to regulate the behavior of Shanghai Urban Investment Holding Co., Ltd. and ensure shareholders can exercise their rights according to the Company Law and relevant regulations [1][2] - The company must hold shareholder meetings in compliance with laws and regulations, ensuring timely organization by the board of directors [1][2] Shareholder Meeting Types - Shareholder meetings are categorized into annual and temporary meetings, with annual meetings held within six months after the end of the previous fiscal year and temporary meetings convened within two months when necessary [1][2] Legal Opinions - Legal opinions must be obtained for the legality of the meeting's procedures, participant qualifications, and voting results, among other issues [2] Meeting Convening - The board of directors is responsible for convening meetings within the specified timeframe, and independent directors can propose temporary meetings [6][7] - Shareholders holding more than 10% of shares can request a temporary meeting, and if the board does not respond within ten days, they can approach the audit committee [8][9] Proposals and Notifications - Proposals must fall within the scope of the shareholder meeting's authority and be submitted in writing at least ten days before the meeting [13][14] - Notifications for annual meetings must be sent at least 20 days in advance, while temporary meetings require a 15-day notice [15][16] Meeting Procedures - The meeting must be held at the company's registered address or another designated location, and any changes must be announced at least two days in advance [20][21] - Shareholders can attend in person or via proxy, and the company must provide necessary support for remote participation [20][21] Voting and Decision Making - Each share carries one voting right, and shareholders must declare their votes as agree, disagree, or abstain [36][37] - Voting results must be announced immediately after the meeting, and resolutions must be disclosed promptly [39][40] Record Keeping - Meeting records must include details such as time, location, attendees, and voting results, and must be preserved for at least ten years [41][42] Compliance and Enforcement - The company must ensure compliance with laws and regulations, and any violations can lead to legal challenges from shareholders [20][21]