Shenda Shares (600626): Complete Transfer Of 100% Interest In Shanghai Third Line Factory

Shanghai Shenda Limited by Share Ltd's announcement on the transfer of the 100% interest of Shanghai third line factory Co., Ltd.

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Shanghai Shen Da Limited by Share Ltd (hereinafter referred to as "company" and "our company") deliberated and passed the sixteenth meeting of the ninth board of directors in August 29, 2018. It agreed that the company passed the Shanghai joint stock exchange (hereinafter referred to as the "Stock Exchange"), which was no less than the assessed value of 137 million 506 thousand and 200 yuan for the record of the state owned assets. The 100% rights and interests of Shanghai third line factory Limited (hereinafter referred to as "three line factory" and "target enterprise") were publicly listed and transferred. From October 29, 2018 to November 23, 2018, the company transferred 137 million 506 thousand and 200 yuan to the stock exchange for 100% rights and interests of three line factory limited. In the event of two intention transferee during the listing period, the stock exchange organized a bid in December 10, 2018 according to the rules of property rights transaction, and adopted the Chinese property exchange quotation network auction (multiple quotation) to determine the transferee. Finally, Shanghai Kai Zhou Information Engineering Co., Ltd. (hereinafter referred to as "Kai state information" and "Transferee") is quoted as a transferee of the transaction with a price of RMB 139 million 506 thousand and 200 yuan.

In December 2018, the company signed the property rights transaction contract with the Kay state information project, and obtained the certificate of property transaction issued by the stock exchange, and all the transaction price paid by the transferee. The proceeds from the transfer of equity interests amounted to 107 million 511 thousand and 700 yuan (audited), which has been included in the company's 2018 annual investment income.

The above contents are detailed in the August 31, 2018, October 11, 2018, December 25, 2018 and April 27, 2019 announcements of interim announcements (Announcement No. 2018-035, bulletin number 2018-040, bulletin number 2018-044) and 2018 annual report in the designated information disclosure media "China Securities Journal" and the Shanghai stock exchange website (www.sse.com.cn).

The company actively cooperate with the transferee to complete the registration of industrial and commercial registration of the target enterprise recently, and the transaction has been completed.

Notice hereby.

Shanghai Shenda Limited by Share Ltd board of directors

July 16, 2019