The board (Board) of directors (Directors) of Shenzhen International Holdings Limited (SEHK:152) (Company) announced that the Company is considering the listing of two logistics parks projects located in Hangzhou of Zhejiang Province and Longli County of Guizhou Province, the PRC, respectively, which are currently wholly-owned by the Company through Hangzhou Hangzhou Shenzhen International Integrated Logistics Hub Development Co. Ltd. and Guizhou Shenzhen International Integrated Logistics Hub Development Co. Ltd. (Project Companies), respectively, through a publicly offered infrastructure securities investment fund on a stock exchange in the PRC pursuant to a pilot programme launched by the National Development and Reform Commission (the “NDRC”) and the China Securities Regulatory Commission (the “CSRC”) (Proposed Transaction).

If the Company proceeds with the Proposed Transaction, it will constitute a spin-off by the Company pursuant to Practice Note 15 (“PN15”) of the rules governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the deemed disposal of the Project Companies may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules. The Company will comply with the reporting, announcement and/or shareholders’ approval requirements (if applicable) under the Listing Rules as and when appropriate. The Company has made an application pursuant to PN15 to the Stock Exchange of Hong Kong Limited and will apply for approvals from the relevant regulatory authorities, including but not limited to the NDRC, the CSRC and the relevant stock exchange of the PRC, in relation to the Proposed Transaction in due course.

As at the date of this announcement, the terms and the timetable of the Proposed Transaction have not yet been finalised and may change depending on the approval status of the relevant regulatory authorities and market conditions. The Company will make further announcement(s) in connection with the Proposed Transaction as and when appropriate or in accordance with the requirements of the Listing Rules.