About HK SH ALLIANCE Company

Shanghai-Hong Kong Joint Holdings Limited (formerly known as Wan Shun Cheong Group Limited) is listed on the Hong Kong Stock Exchange Limited under the stock code 1001. The Group was founded in 1961 as a trader supplying steel bars to the construction and manufacturing industry in Hong Kong, China. Since then, our products have been more diversified, including long structural materials, steel bar joints/finished rolled steel bars, and metal sheets, and have gradually grown into a leader among major distributors of steel products in the region. We have established long-term partnerships not only with contractors and developers in Hong Kong, China, but also with regional and global steel manufacturers. We entered the market with two highly specialized teams, infrastructure and real estate value-added. The infrastructure consists of our processing and distribution of construction materials, coil processing and distribution, and recycling of metal materials. Real estate value-added consists of our real estate business, Lishangpai construction products and design solutions (“BDS”), and engineering plastics. Our real estate team specializes in renewals and property upgrades. Our business model for investing in Shanghai's central business district is unique, and we have achieved good results over the years. BDS also uses the brands we represent when renewing real estate for the real estate business. infrastructure Construction materials processing and distribution Established in 1961, we are a trader supplying steel bars to the construction and manufacturing industry in Hong Kong, China. We are one of the largest construction steel suppliers in Hong Kong, China, and have received some of the most representative projects in Hong Kong, China, such as the construction of the Hong Kong-Macau-Zhuhai Bridge and the Kai Tak Cruise Terminal. We successfully won 30,000 square metres of land with a pier in Tsing Yi, Hong Kong, China in 2014, and completed the construction of Hong Kong's first automated steel bar processing plant in October 2015. Construction of the rebar processing plant began in January 2015, and operations began in January 2016. The plant's geographical location minimizes inbound logistics costs; moreover, the investment in automated operations will provide Hong Kong contractors in Hong Kong, China with a set of supply chains that are easy for them to use immediately and test products in a timely manner. Coil processing and distribution We expanded our business to mainland China in the early 1990s and established coil processing centers in South China, East China and North China. In 1993, we established Shanghai Baoshunchang International Trade Co., Ltd. (“Baoshunchang”) as a joint venture with Baosteel to distribute coil steel with strict surface requirements in the automotive, home appliances and construction industries. We held 66.7% of Baoshun Chang's shares and became 100% owners of Bao Shunchang in 2013. Metal material recycling We acquired Hetai Steel Co., Ltd. (“Hetai”) in 2014, which is one of the largest steel recycling plants in Hong Kong, China. Hetai is strategically located in Tsing Yi and is equipped with a pier. The demand for scrap in Hong Kong, China, is high, and more than 60% comes from demolition and construction projects. We invest in automated operations to reduce the manpower required to process steel scrap and create a safer working environment for our employees. We collect and process scrap steel and sell it to Asia. Real estate value addition Real estate business Shanghai is rapidly becoming Asia's largest and one of the world's most important economic centers. The Shanghai government will elevate Shanghai to one of the world's largest and most important financial, shipping, and trade centers, and establish a free trade zone for this purpose, thus beginning the transformation to a service-oriented economy. Our real estate business is mainly focused on finding and acquiring underperforming properties in Shanghai. We are looking for areas for urban renewal and upgrading because these projects are easily accessible and well-designed transformation strategies will instantly increase value by raising the tenant level. Our transformation strategy is to improve the quality of the original property and drive the improvement of the surrounding environment of the property. We feel a deep obligation to make the areas we invest in more beautiful, so we work with renowned designers to ensure that our transformation meets the requirements of our shareholders, tenants, and local governments. Lisangpai construction products and design solutions BDS was founded in 1997, and our primary focus is on architects and designers who require high quality bathroom and kitchen utensils. We represent world-renowned brands, and have many successful projects and customers who are very satisfied with the projects. We provide software design solutions, warehouse management, logistics, technical support and installation services. Engineering Plastics Since 1972, we have been an approved distributor for major plastic suppliers around the world. We have many years of experience in the plastics industry and are developing rapidly in China. We are committed to providing high-quality plastic materials and services for the fields of home appliances, building systems and power generation.