Gelonghui May 31st 丨Shanggong Shenbei (600843.SH) announced,Due to historical reasons, it currently holds unrestricted tradable shares of four listed companies, Changjiang Media, Lujia B shares, Shenwan Hongyuan, and Bank of Shanghai. According to the relevant provisions of the new financial instrument guidelines, the company includes these stocks as transactional financial assets, measured at fair value, and their changes are included in current profit and loss.

Given that stocks in the securities market fluctuate greatly and cannot be accurately predicted, in order to make it easier for the company to more flexibly dispose of the shares of the four listed companies mentioned above, the company now plans to authorize management to take the opportunity to dispose of the shares of the four listed companies mentioned above to the authorization of the “Bill on Sale of Some Tradable Financial Assets” reviewed and passed by the 20th meeting of the 9th board of directors.