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SIHL Announces 2024 Interim Results: Core Businesses Achieves Robust Growth, Consumer Products Business Rebounds Sharply, and Infrastructure and Environmental Protection Business Accounts for the Largest Share of the Group’s Revenue and Profit.

SIIC Environment completed the construction and entered into commercial operation of three sewage treatment projects in Zhejiang Province, with a total design capacity of 160,000 tonnes per day; and signed a supplemental agreement for a sludge project in Henan Province, with a design capacity of 200 tonnes per day.

Shanghai Industrial Holdings Limited (363.HK) released its Environmental, Social and Governance Report 2023. The Company will continue to expand its business development and enhance its environmental protection technology, strengthen its technological research and development, and improve the efficiency of its projects.

SUS Environment completed the handover of the acquisition of 100% equity interest in Super Earth Energy 1 Co., Ltd, which became SUS Environment's first wholly-owned project in Thailand.

Shanghai Industrial Holdings Limited (363.HK) was awarded the “Best Information Disclosure Award” and “Best ESG Rookie Award” in the 7th China IR Annual Awards.

Longjiang Environmental Protection Group Company Limited, a 57.9687% indirectly owned subsidiary of SIIC Environment announced the signing of price increase agreements for a newly acquired 50,000-ton project in Heilongjiang Province and a 180,000-ton project in Shanghai.

Subscribed for the exchangeable bonds in the principal amount of HK$1,637 million. The exchangeable bonds will entitle the holder thereof to exchange for no more than 244 million shares of Canvest Environmental Protection, representing approximately 10% of the entire issued share capital.

Qingdao Diaoyutai MGM Hotel has been officially opened for business and is the flagship hotel operation project of SI Development.

SIIC participated in the 24th IE Expo China, showcasing its fruitful ESG practices and achievements in recent years.

Shanghai Industrial Urban Development was accredited as 2023 Top 100 Real Estate Development Enterprises in terms of Comprehensive Strength.

Shanghai Industrial Holdings Limited has successfully entered the list of Hong Kong Stock Connect stocks under the Shanghai-Hong Kong Stock Connect program.

SIIC Environment wins Macau's first sewage treatment project with a total design capacity of 69,800 tonnes per day.

In October 2022, Shanghai S.I. Yangtze River Delta Ecological Development Co., Ltd., in which the Group indirectly holds 50% stake, successfully bid to acquire 40% equity of Shanghai Pharmaceutical (Group) Co., Ltd. that held by Huayuan Group, with RMB6.24 billion bid price.

Acquisition of 40% equity interest in SI Clean Energy, at the cash consideration of RMB224,557,800.

Widening and alteration of G50 HU-YU Expressway (Shanghai Section), will include the construction of a new trumpet interchange, ramps and toll stations.

The Company received awards of the Fifth China IR Excellence Best Information Disclosure Accolade and the Most Socially Responsible Listed Company in the Sixth Golden Hong Kong Stock Awards issued by professional organizations and voted by real-name investors.

The Celebration of 40th Anniversary of Shanghai Industrial Investment (Holdings) Co., Ltd.

The Company won the Certificate of Excellence granted by the Hong Kong Investor Relations Association (HKIRA) in September.

SIHL has added to Hang Seng High Dividend Yield Index.

SIIC Shanghai Urban, an indirect non-wholly owned subsidiary of the Company, entered into a capital injection agreement, pursuant to which it was agreed that the registered capital of SIIC Elderly Care would increase from RMB20,000,000 to RMB520,000,000.

Shanghai Industrial Investment (Holdings) Company Limited successfully issued RMB1.5 billion of Super & Short-term Commercial Paper with a coupon rate of 2.69%.

Wing Fat Printing entered into a procurement framework agreement with Shanghai Pharmaceuticals Holding for a term of one year, to supply printed packaging materials for pharmaceutical products. The annual cap for the total procurement amount payable was RMB60,000,000.

SIHL acquired 30.22% of shareholding in Shanghai SUS Environment Co., Ltd to expedite expansion in solid waste industry.

SI Development entered into a partnership agreement to set up the Sichuan Shanghai Innovation Fund to invest principally in artificial intelligence industries.

SIUD Shanghai Construction, an indirect subsidiary of the Company, entered into construction project entrusted management agreements with Shanghai Pharmaceuticals Holdings Co., Ltd. and Shanghai Biomedical Pharmaceuticals, for a total management fee of RMB10,000,000 and RMB20,000,000 separately.

SIHL and Shanghai municipal government entered into joint venture to invest in the solid waste power generation in the PRC.

The Company won the awards of the Fourth China IR Excellence Best Information Disclosure Accolade selected by a professional organization which incorporated listed companies and real-name investors. It also won the Certificate of Excellence granted by the Hong Kong Investor Relations Association.

SIHL announced that Shanghai Shen-Yu, an indirect wholly-owned subsidiary of the Company entered into the Entrusted Loan Agreement for the provision of loan in the principal amount of RMB100 million at a fixed interest rate of 5% per annum.

SIHL announced that Hu-ning Expressway, entered into the Share Transfer Agreement with Shanghai Galaxy, pursuant to which Hu-ning Expressway agreed to sell approximately 18.1125 million shares of Wufangzhai - a principally producer and distributor of glutinous rice dumplings established in the PRC to Shanghai Galaxy, accounting for approximately 23.97% of Wufangzhai's registered capital with a total consideration of RMB420 million.

SIHL granted a term loan facility of $HK 2.1 billion equivalent HK$/US$ dual currency term loan facility for a term of up to 5 years.

SIHL forms joint venture company to invest in Taizhou Water.

The Company won “Listed Company Awards of Excellence – Main Board 2019” issued by an authoritative local financial media in Hong Kong.

SIHL’s major shareholder SIIC increased its equity interests in the Company by 150,000 shares at an average price of HK$18.9867 per share with total consideration amounted to HK$2.848 million. Upon the completion, SIIC has increased its stakes in SIHL from 59.99% to 60.00% and currently holds 652,327,748 shares.

SI Development (600748.SSE) bid two residential plots of land in Baoshan district, Shanghai at RMB2.819 billion.

SIHL (363.HK) announced that a financing agreement was signed for a Hong Kong dollar/US dollar dual-currency term loan financing with HK$2.52 billion for a maximum of five years between the Company's (as the guarantor), the wholly-owned subsidiary of the Company (as the borrower) and several banks (as lenders).

SIHL’s Vice Chairman Mr. Zhou Jun purchased 105,000 shares of SIHL (363.HK) at an average price of HK$15.40 per share for a total consideration of HK$1.617 million. After the purchase, Mr. Zhou currently holds 300,000 shares of SIHL, accounting for approximately 0.03% of the issued voting shares of the Company.

Further acquired 73,660,000 shares in Canvest Environmental at HK$3.92 per share for the amount of HK$289 million. Following the completion of the transaction, SIHL holds a total of approximately 17.52% equity interest in Canvest Environmental. The increase in shareholding further strengthens the long-term development of the Group’s solid waste business segment.

A wholly-owned subsidiary of SI Development acquired the entire equity interest in Shenda Property and SUD Commercial from Shanghai Urban Development, a non-wholly-owned subsidiary of SI Urban Development, at a consideration of RMB70,000,000 and RMB17,000,000, respectively.

A wholly-owned subsidiary Shanghai Jiyun established a JV company with Shanghai Shangtou and Shanghai Galaxy, and acquired a 30% equity interests in Shanghai Green Energy to invest in offshore wind power projects.

Joined hand with Shanghai Pharmaceutical (subsidiary of SIIC) subscribed CIRC H-share for HK$257 million and HK$173 million respectively, as cornerstone investors, to explore investment in radiopharmaceuticals industry.

SIIC Environment was officially listed on the Stock Exchange of Hong Kong, realizing the dual primary listing in Singapore and Hong Kong.

SI Urban Development (through its subsidiaries) entered into respective agreements with a wholly-owned subsidiary of SIIC -- acquired a 100% equity interest in Shangtou Real Estate for approximately RMB531 million and a 35% equity interest in NR Investment for RMB88.34 million. The acquisitions enabled SI Urban Development to expand its investments to primary and secondary land development business in Shanghai, which complements its principal business. The acquisitions are also in line with the Group’s strategic integration framework for its real estate segment.

SIIC Environment commenced its application for a dual primary listing on the Main Board of the Hong Kong Stock Exchange by way of introduction.

Subscribed for 350,000,000 new ordinary shares in SIIC Environment at a placement price of S$0.63 per share, increasing its shareholding over 46%.

Through its wholly-owned subsidiary indirectly acquired an additional 3.75% shareholding interest in Longjiang Environmental at a consideration of RMB96 million, increasing the Group’s shareholding to 98.75%.

Subscribed for 300,000,000 new ordinary shares of Canvest Environmental at HK$3.50 per share for a total investment sum of HK$1,050 million.

Hangzhou Bay Bridge acquisition was successfully approved by independent shareholders.

Shanghai Industrial acquired Longjiang Environmental; further increase its market share in water services and environmental industry in China.

Shanghai Industrial subsidiary acquired three photovoltaic power companies; total power generation capacity reached 510MW.

SI Development issued new shares to acquire real estate assets from parent company.

SI Urban Development completed a club loan of approximately USD300 million

SI Environment raised SG$158 million through share placement

SI Development announced the proposed issue of corporate bonds up to RMB3 billion

Secured a syndicated loan of HK$4 billion

Being selected as one of the Eligible Stocks for Southbound Trading under the Shanghai-Hong Kong Stock Connect program

SIIC Environment issues HK$1.612 billion new shares placement to fund expansion in water and environment projects.

SI Environment acquired 70% and the remaining 30% equity interest in Shanghai Qingpu Second Sewage Treatment Plant respectively from third parties through open bidding process in the SUAEE and by way of transfer of shares. The aggregate consideration of the two transactions amounted to approximately RMB180 million. The transactions were completed in February 2014, reflecting the entry of SI Environment‘s clean energy business into the Shanghai market.

SIIC Environment (formerly known as "Asia Water Technology") transferred its listing from the Catalist to the Mainboard of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

Asia Water announced the proposed acquisition of 69.378% equity interests of Nanfang Water with a total consideration of RMB409.3 million. Upon completion of the transaction, Asia Water will become the largest shareholder of Nanfang Water.

SIHL completed the repurchase agreement with Glorious Property. According to the agreement, Glorious Property repurchased from SIHL the entire equity interests of Shanghai Bay project located in Shanghai's Xuhui District, at the original consideration of RMB2 billion (approximately HK$2.439 billion).

Its A-share subsidiary SI Development signed a share transfer agreement for the transfer of its entire 50% equity interests of Qingdao City's Tangdao Bay project located in Huangdao District to the subsidiary of Chow Tai Fook Enterprises in Hong Kong, at a consideration of RMB1.183 billion (approximately HK$1.443 billion).

The acquisition from parent company of 63.65% equity interest in SI Development, a company listed in the A-share market in Shanghai, for a consideration of RMB5,130 million, was announced in August 2010. The transaction was completed in early July 2011 and the annual results of SI Development for 2011 will be consolidated into SIHL's accounts according to the merger accounting method in the second half of 2011.

Pursuant to the original share acquisition agreement relating to a 2009 investment project - Shanghai Bay, Glorious Property shall repurchase the entire equity interest in this project at the original consideration of RMB2 billion in the mainland. On 29th July 2011, SIHL and Glorious Property reached an agreement and announced SIHL's disposal of the entire equity interest in an overseas holding company of the relevant project for the same consideration. Early completion of the transaction is expected with the consideration to be paid in Hong Kong on or before 1st December, 2011.

Signed an agreement with SI Urban Development which will acquire 59% equity interest in Shanghai Urban Development, a subsidiary of SIHL, together with the interest in the dividend receivable to SIHL, through the allotment and issue of new shares to SIHL. Total consideration is approximately HK$6.11 billion. After completion of the acquisition, SUD will become a subsidiary of SIUD. The transaction is conditional upon the approval of the Stock Exchange and the Securities and Futures Commission as well as independent shareholders of SIUD.

Disposal of 90% equity interest in lots F and G of the Qingpu land project and 77% equity interest in the Four Seasons Hotel Shanghai project to Chow Tai Fook group, with considerations of RMB2,432 million and HK$1,164 million respectively. SIHL and Chow Tai Fook will jointly develop the respective land lots and operate the Four Seasons Hotel Shanghai. The transaction for the disposal of the said equity interests in lot F and the Four Seasons Hotel Shanghai project was completed at the end of June 2011, resulting in a disposal gain of approximately HK$1,842 million. The disposal of 90% equity interest in lot G of the Qingpu land is expected to be completed in 2012.

Disposed of all 78.13% equity interest held in Hebei Yongxin Paper for a consideration of RMB564 million. Wing Fat Printing recorded a disposal gain of HK$162 million.

Acquisition of 63.65% equity interests of A-share company SI Development (stock code 600748) from parent company SIIC. Acquisition price was RMB7.44 per share, with a total consideration of RMB5.13 billion (about HK$5.83 billion). Upon completion, SI Development will become a subsidiary of SIHL.

Acquisition of an aggregate of a 45.02% equity interest in SI Urban Development was completed.

Acquisition of equity interests and convertible bonds in Asia Water Technology, a listed company in Singapore, for approximately HK$215 million; SIHL holds approximately 77% of the enlarged share capital of Asia Water Technology.

Conditional acquisition and subscription of a total of 1,184 million shares in SI Urban Development, a listed company in Hong Kong, for approximately HK$2,746 million; SIHL became its single largest shareholder holding approximately 45.02% of the enlarged share capital of SI Urban Development.

Acquired from parent company Hu-Yu Expressway (Shanghai Section) for HK$1,388 million.

Disposed 43.62% shareholding of SI Pharmaceutical and all interests in other SIHL pharmaceutical companies, realizing total proceeds of HK$5,750 million and a disposal gain of about HK$3,000 million.

Acquisition from parent company of four land lots located in Shanghai's Qingpu District, right beside Dianshan Lake, for HK$3,109 million.

Disposed entire shareholding of 8.2% in SMIC, realizing divestment proceeds of HK$1,100 million, and a disposal loss of HK$715 million.

Disposed entire shareholding of 35.176% in Bright Dairy for HK$2,152 million, logging a post-tax disposal gain of HK$1,078 million.

Acquisition of 4 residential blocks of Shanghai Bay for HK$2,227 million, with total guaranteed profit return of approximately HK$1,022 million in three years.

Disposed 18.89% equity interest in MicroPort Medical for HK$516 million, recording a disposal gain of HK$383 million.

Disposed 21.17% equity interest in Lianhua Supermarket for RMB1,056 million, recording a post-tax disposal gain of HK$125 million.

Disposed 30% interest in Zhejiang Yongjin Expressway at a consideration of RMB 360 million.

Resolutions of proposed acquisition of Shanghai Four Seasons Hotel and Hu-Hang Expressway (Shanghai section) interests was approved at the Extraordinary General Meeting.

Proposed acquisition of 87% interests of Shanghai Four Seasons Hotel and 100% interests of Hu-Hang Expressway (Shanghai section) from parent company for a consideration of about HK$5.546 billion.

Disposed 20% interest in Shanghai Information Investment, with HK$775 million divestment proceeds.

Increased shareholding in Bright Dairy to 35.18% in order to maintain flexibilities in future strategic moves.

Increased equity interest in SUDH by 19%, making SUDH a subsidiary company.

Raised HK$3 billion by equity placement for potential acquisition in infrastructure and real estate.

Disposed all auto-related assets at a total consideration of RMB1,605 million

Acquired 40% equity interest of Shanghai Urban Development (Holdings) Co., Ltd. ("SUDH") for a consideration of about RMB 2,131 million, establishing real estate as one of SIHL's core businesses.

Proposed to transfer 5 Chinese medicine assets to SI Pharmaceutical at a total consideration of RMB1,515 million (subsequently discontinued due to regulatory approvals not being obtained).

Signed a HK$3 billion syndicated loan.

Disposed 10% interest in Waigaoqiao Container Port Phase 1, realizing a cash income of RMB465 million.

New drugs "Oncorine", "Kai Li Kang" and "TNF" received State Category One New Drug Certificates by the State Food and Drug Administration.

Disposed 28.15% stake in Shanghai Jahwa, realizing a cash income of RMB337 million.

Increased General Water of China's registered capital to RMB1 billion.

SI Pharmaceutical acquired 40% interest of Shanghai Medical Instruments Co. Ltd. for RMB75.8 million.

Invested RMB145 million to increase stakes in Huqingyutang Pharmaceutical and Xiamen TCM; Disposed non-controlling interests in Kehua Biotech, Sunve Pharmaceutical and Helishi Dental, realizing a cash income of RMB352 million.

Secured six water services projects in Xiamen, Xiangtan, Bengbu, Chongqing and Huzhou. Total investment amounted to RMB1,435 million.

Acquisition of SI Pharmaceutical (formerly known as SI United) was approved by State-owned Assets Supervision and Administration Commission, Ministry of Commerce and China Securities Regulatory Commission.

Invested RMB 283 million for 30% interest in Yongjin Expressway (Jinhua section).

Divested from logistics-related businesses to optimize SIHL's infrastructure business portfolio, realizing a cash income of RMB205 million.

SMIC was listed in U.S. and Hong Kong, raising HK$13.86 billion including HK$7.8 billion from new shares placement.

Increased investment in SMIC by US$32 million as part of an SMIC US$636-million private placement, maintaining the single largest shareholder status.

Invested RMB 250 million to collaborate with China Energy Conservation Investment Corp. to form General Water of China, which is specialized in making investment in water services projects in China and operating these facilities.

Invested RMB 2 billion for 100% interest of Hu-Ning Expressway (Shanghai section), with 25-year operating rights.

Following change in government policy, terminated investment in Shanghai Inner Ring Road and North-South Elevated Expressway, and the Yan'an Elevated Road projects. Received full reimbursement of the carrying value of the two project investments amounting to about US$702 million, plus an after-tax compensation of RMB300 million.

Acquired 56.63% equity interests of A-share company SI United and privatized the GEM-listed SIIC MedTech. Total considerations for the two transactions amounted to HK$1.335 billion.

Disposed 51% stake in Orient Shopping Center, with RMB127 million divestment proceeds.

Acquired 30% of Huqingyutang Pharmaceutical.

Bright Dairy was listed on the Shanghai A-share market, raising RMB950 million.

Acquired Xiamen Chinese Medicine and MicroPort Medical.

Signed a HK$1.6-billion syndication loan, arranged by Bank of China, Citibank, HSBC, Hang Seng Bank and Societe Generale Asia.

Invested RMB 190 million in Waigaoqiao Container Port Phase I.

Acquired 24% of Hangzhou Huqingyutang.

Chosen as a Hang Seng Composite Index stock.

Increased investment in SMIC to about US$180 million, with approximately 17% shareholding, and became its single largest shareholder.

Implemented ADR program (Level One) in the U.S., extending the overseas trading platform.

Invested US$110 million in Semiconductor Manufacturing International Corporation (SMIC), a new endeavor in information technology investment.

Shanghai Jahwa was listed on the Shanghai A-share market, raising RMB730 million.

Invested in Guangdong Biolight, a medical equipment company.

Invested HK$940 million in Shanghai Information Investment to fund in the Shanghai Infoport development project.

Spun off Hangzhou Chia Tai Qingchunbao and Shanghai Jahwa, which together formed SIIC MedTech that was listed on Hong Kong's Growth Enterprise Market. Initial public offering raised HK$404 million, with oversubscription of 495 times.

Raised HK$770 million by equity placement for additional investment in Shanghai Huizhong Automotive and Bright Dairy, and acquisition of Hangzhou Chia Tai Qingchunbao, Shanghai Sunway Biotech, Shanghai Optical Communications and Shanghai Communication Technologies Center.

Selected as a Hang Seng Index Constituent Stock.

Signed a US$300-million syndicated loan, lead arranged by HSBC Asia and Chase Manhattan Asia.

Raised HK$4.77 billion by equity placement for acquiring interests in the Shanghai Inner Ring Road and North-South Elevated Expressway project.

Raised HK$3.16 billion by equity placement for acquiring interests in five Shanghai companies: Shanghai Yan'an Road Elevated Road, Shanghai Huizhong Automotive, Shanghai SIIC Transportation Electric, Bright Dairy and Shanghai Orient Shopping Center.

Listed on the Stock Exchange of Hong Kong. Initial public offering raised HK$1.08 billion, with oversubscription of 158 times.

Incorporated in Hong Kong. Constituent companies included Nanyang Tobacco, Wing Fat Printing, Shanghai Jahwa and Sunve Pharmaceutical.