**Hong Kong Shanghai Alliance Holdings Ltd. Announces Equity Investment in Associate** Hong Kong Shanghai Alliance Holdings Ltd. (Stock Code: 1001) has announced a discloseable transaction involving a proposed capital contribution to its associate, Skyline Holdings (BVI) Limited. According to an announcement dated September 26, 2025, the investment will support Skyline Holdings, which is principally engaged in investment holding and owns 100% of the equity interests in a Hong Kong-incorporated SPV and, ultimately, the majority of the gross floor area in the Central Park•Huangpu property located in Shanghai, China. After the capital contribution, the investment in Skyline Holdings will continue to be accounted for in the consolidated accounts of Hong Kong Shanghai Alliance Holdings Ltd. The transaction is in line with the company's ongoing investment strategy in the Greater China region.