Shanghai Shanghai Industrial Co., Ltd. announced that the company's second extraordinary shareholders' meeting in 2025 and the “Shanghai Industrial Convertible” first bondholders' meeting in 2025 reviewed and passed a bill to terminate some of the fund-raising projects and permanently supplement the remaining capital raised, and the “Shanghai Industrial Convertible Bonds” additional resale clause came into effect. The resale price is 101.25 yuan/sheet. The resale period is from December 30, 2025 to January 7, 2026, and the resale funds are disbursed on January 12, 2026. “Shanghai Industrial Bonds Transfer” will stop converting shares during the resale period. Holders can choose to resell part or all of the unconverted bonds; this resale is not mandatory. As of the last trading day before the announcement, the closing price of “Shanghai Industrial Convertible Bonds” was higher than the resale price, and the resale may cause losses.

Shanghai Shanghai Industrial Co., Ltd. announced that the company's second extraordinary shareholders' meeting in 2025 and the “Shanghai Industrial Convertible” first bondholders' meeting in 2025 reviewed and passed a bill to terminate some of the fund-raising projects and permanently supplement the remaining capital raised, and the “Shanghai Industrial Convertible Bonds” additional resale clause came into effect. The resale price is 101.25 yuan/sheet. The resale period is from December 30, 2025 to January 7, 2026, and the resale funds are disbursed on January 12, 2026. “Shanghai Industrial Bonds Transfer” will stop converting shares during the resale period. Holders can choose to resell part or all of the unconverted bonds; this resale is not mandatory. As of the last trading day before the announcement, the closing price of “Shanghai Industrial Convertible Bonds” was higher than the resale price, and the resale may cause losses.