Shanghai Industrial Urban Development Group Limited (563) entered into two loan agreements on 11 February 2026 with a bank as lender, securing two term loan facilities totaling RMB900 million for a 36-month period. The proceeds will be used to repay existing bank borrowings.

The loan agreements stipulate that Shanghai Industrial Investment (Holdings) Company Limited (SIIC) and Shanghai Industrial Holdings Limited (363), both serving as controlling shareholders, must directly or indirectly maintain no less than 51% of the total issued share capital of the borrower and retain actual control and management. A breach of this requirement would constitute a default under the agreements.

As of the announcement date, SIIC is beneficially interested in approximately 70.44% of the borrower’s total issued share capital. According to the board of directors, maintaining the relatively low financing cost and optimizing the debt structure remain key benefits of these facilities. The borrower will continue to disclose relevant information in subsequent interim and annual reports as long as the obligations remain in effect.