SHOUCHENG (00697) subsidiary participates in investment in CICC Cainiao REIT

SHOUCHENG (00697) announces that recently, a company under Shoucheng Cornerstone of the Group (a wholly-owned subsidiary of the Company) participated in the investment in the CICC Cainiao Warehousing and Logistics Closed-End Infrastructure Securities Investment Fund (CICC Cainiao REIT). This investment will help deepen the industrial-financial synergy and supply chain resource integration efficiency, promote the release of value from the existing assets of maturely operated digital-intelligent warehousing infrastructure, and provide solid support for the construction of a modern logistics system and the high-quality development of the real economy. Cainiao Smart Logistics Network Limited is a globally leading e-commerce logistics and logistics technology enterprise, building a logistics network covering more than 200 countries and regions worldwide, with industry-leading digitalization and automation capabilities, providing end-to-end intelligent supply chain and logistics solutions for global brands, merchants and consumers. CICC Cainiao REIT uses the high-standard warehouses of the Jiaxing Park of the China Smart Logistics Network as the underlying assets, and possesses excellent product qualifications and sustainable operational capabilities. The successful listing of CICC Cainiao REIT is an important measure to respond to the national policy direction of "revitalizing existing assets and expanding effective investment" and to promote the transformation of the logistics infrastructure business from heavy-asset holding to light-asset operation and management. In the future, the Group will unswervingly continue to increase its investment layout in the CHINA AI INFRA asset sector, relying on the synergy of the entire industrial chain and its first-mover advantage in the REITs field, continuously strengthening long-term strategic collaboration with leading industry partners in the infrastructure sector, improving the layout of regional hub nodes, expanding cooperation in the field of intelligent hardware equipment, and striving to create long-term value and sustainable returns for shareholders.