About SHOUCHENG Company

First Time Holdings Limited (First Holdings, formerly Shouchang International Enterprise Limited [Shouchang International]) was listed on the main board of the Hong Kong Stock Exchange in 1991. In 1992, Shougang Group Co., Ltd. (Shougang Group) and Changjiang Industrial successfully acquired Shouchang International. Since then, Shougang International has been Shougang Group's flagship listed company in Hong Kong, and is also one of the first red-chip stocks listed in Hong Kong, China. On May 22, 2020, the company officially changed its name to Shoucheng Holdings Co., Ltd. The company's current main business includes parking asset management and urban renewal business. It also owns an associated company listed in Hong Kong, China: Shougang Fushan Resources Group Co., Ltd. Major shareholders of the company include Shougang Group, ORIX Group, Xinchuang Group, Houpu Investment, Jingdong Mathematics, CIMC Group and Jingwei China. Shoucheng Holdings strives to become an outstanding representative of the urban integrated service sector among listed companies in Hong Kong; strives to be a listed company that crosses the economic cycle, has good cash flow, and has stable and healthy operations; strives to create maximum value for shareholders, enable investors to obtain rich benefits, bring users a comfortable and convenient user experience, and make urban life better.