Over the past 40 years, SIG has made continuous efforts and passed the torch of such spirits from generation to generation. Starting as Shanghai Investment & Trust Co., Ltd . in 1981, SIG was formally established in 2000 and embarked on a journey from trust investment, invest financing at home and abroad, financial investment holding to state-owned capital operation. Despite the hardships and changes along the way, SIG has always been committed to serving the reform and opening up and the overall development of Shanghai, thus achieving fruitful results.

In the tide of reform and opening-up in Shanghai, SIG actively played the role of the window reaching to the outside world. It served as the pioneer and was innovative in raising overseas funds, introducing foreign cutting-edge technologies and supporting the development of Pudong and helping it open to the outside world. It was actively engaged in the development and reform of Shanghai's financial industry, participated in launching the first local financial enterprises in Shanghai, thus making important contributions to the development of Shanghai as an international financial center. Serving the overall situation of the reform anddevelopment of state-owned assets and SOEs in Shanghai, it has completed major state-owned capital operation projects in Shanghai with high quality, and given play to the demonstration and driving role of state-owned capital investment and operation platform. It has made many records in overseas financing, establishing financial institutions, serving major projects, and state-owned capital operation.

Only those hardworking people can walk far. The year of 2022 is the last year of the Three-year Action Plan of SIG's Strategic Development and an important year for SIG to fulfill its SOE Reform Three-year Action Plan. SIG will adhere to Xi Jinping's Thought on Socialism with the Chinese Characteristics for the New Era as the overarching guidance, learn and implement the spirit of the 12th Congress of the CPC Shanghai Municipal Committee and the requirements made by the Economic Work Conference of CPC Shanghai Municipal Committee, carry forward the great Party-building spirit, uphold the under- lying principle of seeking progress while maintaining stability, and stick to the professional, market-oriented, international and law-based approach. Focusing on better quality of reform and development, SIG will be guided by the mission to serve major strategies of the nation and Shanghai, and push forward the strategy steered by its goal to develop as a financial holding group and driven by the two engines of state-owned capital operation and investment management. It will improve its overall risk management system, enhance the development strength and core competitiveness, and make new achieve- ments in promoting high-quality development, aiming to become a leading financial holding group and state-owned capital investment operation platform that undertakes Shang- hai’smajor strategic functions and an international vision and visibility . It will make greater achievements in building Shanghai into five centers, strengthening the four functions and promoting the three new major tasks.

Time never stops and our original aspiration remains unchanged . SIG will uphold the business philosophy of “diligence, prudence, professionalism and efficiency”, carry on the corporate spirit of“synergy, innovation and guidance”, with the momentum of“creating the top-tier enterprise”,the pride of“starting once again”and the courage of“setting the trend”, cultivate new opportunities in understanding and seeking change, open a new situation in response to the change. It will comprehensively promote COVID-19 prevention and control as well as business development, and fully promote high-quality reform and development, embrace the successful convening of the 20th CPC National Congress with practical actions.