SIPG completes state-owned equity transfer, impacting major shareholders

Shanghai International Port Group (SIPG) announced the completion of a gratuitous transfer of state-owned equity, with shares officially transferred on September 3, 2025. The transfer involved 339,000,000 shares, representing 1.46% of SIPG’s total share capital, moving from Shanghai International Group Co., Ltd. (International Group) to Shanghai Jiushi (Group) Co., Ltd. (Jiushi Group).

Following the transfer, Jiushi Group's shareholding in SIPG increased from 5.23% to 6.69%. Concurrently, International Group’s stake decreased from 2.54% to 1.08%.

This equity transfer does not alter SIPG’s largest shareholder, Shanghai State-owned Capital Investment Co., Ltd., nor its ultimate controlling entity, the Shanghai Municipal State-owned Assets Supervision and Administration Commission. Jiushi Group has committed not to reduce its newly acquired shares for 12 months from the transfer completion date.