Shenzhen International Holdings Ltd. has announced updates regarding the transformation and upgrading of the South China Logistics Park Phase I. The company has entered into a land consolidation and preparation supervision agreement with various Shenzhen municipal bureaus for the development of a land parcel with an area of approximately 530,000 square meters. This agreement is part of the South China Transformation Project. The project is expected to enhance the Group's long-term sustainable development. In 2024, the Group recognized profits of approximately HK$2,367 million from this initiative, and due to a lower-than-estimated final land use right transfer price, it anticipates an additional post-tax profit of around RMB49.89 million for 2025. The final amount will be determined following the audit results by the Group's auditor.