Core Viewpoint - 汇成国际控股 has announced its holding of 1,702,550 shares of Shanghai Biran, representing approximately 0.07% of the company's issued share capital, which has been converted into H-shares [1] Group 1 - The fair value of the shares held by 汇成国际控股 through Qingdao Huaxin Anchor is estimated at HKD 58,669,873, equivalent to approximately RMB 52,991,803, based on the closing price of Shanghai Biran H-shares at HKD 34.46 on January 2, 2026 [1] - After deducting the investment cost and related expenses, the investment will record a net gain compared to the initial investment cost in Qingdao Huaxin Anchor [1] - The Shanghai Biran H-shares are subject to a twelve-month lock-up period [1]