Group 1 - The first extraordinary general meeting of shareholders for Shanghai Industrial Development Co., Ltd. was held on August 5, 2025, at the conference hall on the second floor of No. 123, Xizang South Road, Huangpu District, Shanghai [2] - The meeting was convened by the board of directors and chaired by Chairman Wang Zheng, utilizing a combination of on-site and online voting methods, which complied with the Company Law and the company's articles of association [2][3] - A total of 5 out of 7 current directors attended the meeting, along with all 3 supervisors and the board secretary, while some senior management personnel were also present [3] Group 2 - The shareholders approved a resolution regarding the proposed sale of certain products from the Quanzhou project by the company's wholly-owned subsidiary [4] - The resolution was passed with more than half of the voting rights held by the attending shareholders and their representatives [4] - The company authorized its management team and designated personnel to handle subsequent matters related to this transaction and the necessary state-owned asset filing work [5] Group 3 - The meeting was witnessed by lawyers from Guohao Law Firm (Shanghai), who confirmed that the meeting's procedures complied with relevant laws and regulations, and that the qualifications of attendees and the validity of the voting process were legitimate [5]

Core Viewpoint - The stock price of Shangshi Development has shown a slight decline, with significant trading activity and an upcoming shareholder meeting to discuss the sale of a project [1] Company Summary - As of August 4, 2025, the stock price of Shangshi Development is reported at 3.38 yuan, down 0.59% from the previous trading day, with a trading volume of 0.36 billion yuan and a turnover rate of 0.58% [1] - The stock price fluctuated between 3.35 yuan and 3.40 yuan on the same day, with a volatility of 1.47% [1] - The company is primarily engaged in real estate development and is a local enterprise in Shanghai, included in the S&P and FTSE Russell indices [1] - The total market capitalization of the company is 6.235 billion yuan, with a price-to-book ratio of 0.57 [1] Financial Activity - On August 4, the net inflow of main funds was 1.406 million yuan, with a cumulative net inflow of 17.284 million yuan over the past five trading days [1] Upcoming Events - The first extraordinary general meeting of shareholders in 2025 is scheduled for the afternoon of August 5, to review the proposal for the sale of certain products from the Quanzhou project by its wholly-owned subsidiary [1]