On 30 October 2025, Shenzhen Investment Limited (the Group) voluntarily announced that its wholly owned subsidiary, Shum Yip Pengji Holdings Co., Ltd., and Shahe Industrial (000014.SZ) entered into a letter of intent regarding a possible transfer of Shum Yip Pengji’s 70% equity interest in Shenzhen Jinghua Displays Electronics Co., Ltd. to Shahe Industrial for cash consideration.

The consideration for the transaction, if concluded, will be determined based on an independent valuation. The letter of intent will remain effective for six months from the date of signing but does not create any binding contractual or financial commitment at this stage. If the deal proceeds, it will amount to a connected transaction for Shenzhen Investment Limited and may also be a notifiable transaction, in line with the Group’s strategy of becoming a real-estate asset manager and integrated operation service provider.

Shenzhen Investment Limited emphasized that discussions may or may not result in a formal agreement and advised shareholders and potential investors to exercise caution when dealing in its securities.