GDC (08271) subsidiary Jinggangshen Innovation and Technology Accelerator successfully selected for Hong Kong's "Innovation and Technology Accelerator Pilot Scheme"

GDC (08271) announces that on 14 October 2026, the Innovation and Technology Commission of the Government of the Hong Kong Special Administrative Region announced the assessment results of the "Innovation and Technology Accelerator Pilot Scheme". Jinggangshen Innovation and Technology Accelerator Limited, an indirectly wholly-owned subsidiary of the Company, was successfully selected, becoming one of nine professional innovation and technology enterprise service institutions selected from the first batch of more than fifty applicant institutions. The application for this project received strong support from Shougang Holdings (Hong Kong) Limited (the controlling shareholder of the Company), an overseas investment and financing platform under Shougang Group Co., Ltd. (Shougang Group, the ultimate controlling shareholder of the Company), the largest shareholder of the Company. The Pilot Scheme aims to attract professional innovation and technology enterprise service institutions with extensive experience and a strong track record in Hong Kong and overseas to establish accelerator bases in Hong Kong, and, leveraging their business networks and industry experience, to support the development and needs of innovation and technology enterprises in a more comprehensive and targeted manner. The subsidiary selected for the Pilot Scheme is a new entity for the Group to implement the national strategy in Hong Kong and serve the development of Hong Kong's innovation and technology sector, and is also an important lever for promoting the efficient flow of factors such as industry, capital, talent, and technology among Beijing, Hong Kong, and Shenzhen. The subsidiary's selection for the Pilot Scheme strongly promotes the Group's extension toward a "capital + industrial services" platform, with industrial matchmaking and financing matchmaking as its core value, connecting industrial demand at one end and Beijing-Hong Kong-Shenzhen innovation and technology resources at the other, cultivating new growth points for the Group. After successful selection, the subsidiary will accelerate its formal commencement of operations, focusing on five major areas: (1) new materials and high-end manufacturing; (2) green energy and low-carbon technologies; (3) intelligent manufacturing and industrial software; (4) biotechnology and healthcare; and (5) information technology and the digital economy, to build a "five-dimensional" service system comprising capital empowerment, compliance escort, market expansion, talent aggregation, and operational support, relying on the three pillars of "Shougang Group's application scenarios and industrial resource support, the Beijing-Hong Kong-Shenzhen innovation and technology ecosystem support, and Global Digital platform support" to form a market-oriented and sustainable operating model. The subsidiary's successful selection for the Pilot Scheme is both an affirmation of the Group's innovation and technology development capabilities and a new starting point for the Group to promote its own transformation and upgrading through open cooperation. The Group will take this opportunity to continuously integrate resources from all parties, consolidate development synergy, explore new paths for Beijing-Hong Kong-Shenzhen innovation cooperation, and, through the Group's practice, help deepen and solidify Beijing-Hong Kong-Shenzhen innovation and technology cooperation, contributing the Group's strength to the implementation of the national "15th Five-Year Plan" and Hong Kong's first five-year plan.