Shanghai Industrial Urban Development (00563.HK): The current board of directors, senior management, and employees have no relationship with the accused individuals.

Zhitong Finance and Economics APP News, Shanghai Real Estate Development (00563.HK) issued a statement. The company noted that the Independent Commission Against Corruption (ICAC) of the Hong Kong Special Administrative Region published news on July 29, 2025, mentioning that the former executive director and chairman of China New Real Estate Group (Holdings) Limited (China New) (the accused person) has been charged by the ICAC, and the accused person has surrendered to the ICAC (in the case).