SIPG announced that the company plans to invest no more than 1 billion yuan to participate in the SAIC Anji Logistics Co., Ltd. capital increase project through public delisting of the Shanghai Joint Stock Exchange. The shareholding ratio is expected to be 10% after the capital increase. COSCO SHIPPING Holdings Co., Ltd., which holds more than 5% of the company's shares, also plans to participate in this capital increase project. A transaction is a joint investment with a related party and constitutes a related transaction. The deal aims to deepen close cooperation between SIPG and SAIC Motor Group in the global digital supply chain, enhance the market competitiveness of the company's role-loading business, and promote the construction of the Shanghai International Shipping Center. The transaction is still in the public listing stage on the Stock Exchange, and there is uncertainty.