Zhongtong Finance and Economics APP News, Shanghai Industrial Holdings (00363) announced on November 18, 2024, that Shanghai Ind H (the Company's indirect wholly-owned subsidiary) and Ping An Fund entered into a strategic investor placement agreement. Shanghai Ind H (as a strategic investor) agreed to subscribe for the allotted shares according to the subscription amount.

Shanghai Ind H will subscribe for 15.8284% of the allotted shares, i.e., 0.158 billion fund units. According to the strategic investor placement agreement, the subscription amount payable by Shanghai Ind H shall not exceed RMB 1.38 billion (subscription amount). The calculation method is to multiply the allotted shares allocated to Shanghai Ind H by the subscription price announced by Ping An Fund, which is not more than RMB 8.717 per share (excluding all relevant expenses and taxes (if any)). The actual subscription amount will depend on the results of the public offering.

It is reported that REIT (Ping An Ningbo Hangzhou Bay Cross-Sea Bridge Closed-End Infrastructure Securities Investment Fund, an infrastructure investment fund to be established in China) is a public offering infrastructure securities investment fund to be established in China. It will mainly invest in 100% equity of the target company and the fee rights owned by the target company for the project. The fund manager of REIT is Ping An Fund. REIT has submitted an application for the listing of fund units on the Shanghai Stock Exchange.

The Group has entered into an equity transfer agreement to sell 23.0584% of the equity of the target company to realize its investment return. By subscribing to REIT units, the liquidity and marketization of the relevant assets under REIT will be enhanced, enabling the Group to achieve capital gains through the sale of fund units through the securities market, and/or receive cash returns through cash distributions, thereby improving its investment return in the future.