Recently, in accordance with the unified deployment of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) plans to organize a group roadshow for more than 50 companies from the SSE Main Board and the STAR Market. This action aims to showcase the good performance of these companies in applying the new development philosophy, creating a new development pattern, and achieving high-quality development. As an integral part of the SSE's endeavors to implement the requirements of the CPC Central Committee on invigorating the capital market and boosting investor confidence, this initiative is also an active attempt to facilitate synergy among investment, financing, and trading.

In recent years, the SSE has diligently implemented the State Council's Opinions on Further Improving the Quality of Listed Companies (Guo Fa [2020] No. 14) and refined the implementation of the CSRC's two rounds of Three-Year Action Plan to Improve the Quality of Listed Companies, resulting in the steady improvement of the overall quality of companies listed on the SSE. Furthermore, a large number of high-quality listed companies that actively serve national strategies, heavily invest in technological innovation, reward investors with tangible benefits, and willingly take on social responsibilities have emerged. Statistics show that the operating revenue of companies listed on the SSE has exceeded RMB 50 trillion yuan, accounting for over 40% of China's total GDP, with the compound annual growth rates of revenue and net profit over the past three years being approximately 12% and 10% respectively. The total investment in R&D is nearly RMB 1 trillion yuan, accounting for over 30% of the total national R&D expenditure, with a compound annual growth rate of nearly 30% over the past three years. The total cash dividend is nearly RMB 1.72 trillion yuan, with a compound annual growth rate of nearly 20% over the past three years, and the proportion of cash dividends to net profit has remained stable at over 35%. In the past three years, the number of leading companies and large companies with a market value of over RMB 100 billion yuan and RMB 10 billion yuan on the SSE has increased by 16 and 105 respectively, reaching 80 and 628. More than half of the increase is from technological innovation enterprises. Among them, the Main Board companies continue to strengthen their role as the "ballast", contributing over 70% of the market's operating revenue, nearly 80% of net profit, nearly 60% of R&D investment, and nearly 80% of cash dividends in 2022. In the first half of 2023, despite various unfavorable factors, they maintained strong development resilience, with operating revenue and net profit attributable to the parent company increasing by 31% and 16% respectively compared to the same period in 2019, directly and indirectly driving employment of 200 million people, playing its due role in stabilizing employment and ensuring people's livelihoods. The STAR Market is further demonstrating its "key and core technology" characteristics, increasingly displaying its demonstration and aggregation effects in the integrated circuit, biopharmaceutical, and new energy industries. The growth rates of R&D investment in 2022 and the first half of 2023 were 28% and 19% respectively. The median R&D investment accounts for 12% of operating revenue. On average, each company has 168 patents, forming a batch of scientific and technological innovation achievements that solve bottleneck problems.

The over 50 companies planning to participate in this group roadshow are highly representative, exemplary, and leading. These include the "Three Barrels of Oil" (PetroChina Company Limited, China Petroleum & Chemical Corporation, and CNOOC Limited) and the "Three Telecom Operators" (China Telecom Corporation Limited, China Mobile Limited, China United Network Communications Limited), which always uphold the country's major responsibilities and safeguard China's energy and network communication security; CRRC Corporation Limited and Wanhua Chemical Group Co., Ltd., which have continually deepened their work in professional fields and created prestigious Chinese brands in global competition; Advanced Micro-Fabrication Equipment Inc. China and Shanghai United Imaging Healthcare Co., Ltd., which continue to strengthen technological innovation and lead industry upgrades and development; and Cosco Shipping Energy Transportation Co., Ltd. and China Yangtze Power Co., Ltd., which adhere to paying steady dividends and continuously give back to investors. These companies will carry out roadshows around the four major themes of "Industry Leadership", "Digital Economy", "Serving People's Livelihood", and "Central State-owned Enterprise ESG", with top executives presenting on stage. They will vividly display and explain their own business operations, industry development trends and innovations, and interact with domestic and foreign institutional investors, securities research institutions, and individual investor representatives.

The first and second roadshows themed "Industry Leadership" and "Digital Economy" will be held this week on October 18 and 20, respectively. In the "Industry Leadership" part, executives from 17 industry leaders such as Kweichow Moutai Co., Ltd., Zijin Mining Group Company Limited, and SAIC Motor Corporation Limited will take the stage in turn to detail the new trends and highlights of the company's business development. In the "Digital Economy" part, representatives from 10 electronic technology companies including Haier Smart Home Co., Ltd., Beijing Kingsoft Office Software, Inc., and Hua Hong Semiconductor Limited will gather to discuss the new digital landscape of China from the perspective of technological innovation and industry upgrade.

This group roadshow will be held in a graphical interactive (network interactive) format. Investors can log on to the SSE Roadshow Center (http://roadshow.sseinfo.com) to ask questions and interact online. We welcome investors for your attention and participation!