<p>
<span style="font-size: 14.0px;">In July 1981, with the approval of
the Shanghai Municipal Committee and Shanghai Municipal Government,
Shanghai Industrial Investment (Holdings) Company Limited was
registered. Built upon three century-old industrial
enterprises—Nanyang Brothers Tobacco, Wing Fat Printing Press, and
Tien Chu (Hong Kong)—its purpose was to manage Shanghai's Hong
Kong-based agencies and serve as the Shanghai Municipal Government's
window company. Currently, Shanghai Industrial Group holds
controlling interests in listed companies across Shanghai, Hong
Kong, and Singapore, including Shanghai Industrial Holdings
(0363.HK), Shanghai Pharmaceuticals (601607.SH/02607.HK), SIIC
Environment (5GB.SG/0807.HK), Shanghai Industrial Development
(600748.SH), and Shanghai Industrial Urban Development (0563.HK).</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="font-size: 14.0px;">After more than four decades of
development in Hong Kong, Shanghai Industrial has grown into a
diversified group company. However, with increasing competitive
pressure, the company faces several internal management challenges.
To better respond to market changes and enhance its overall
competitiveness, the headquarters needs effective financial control
over its subsidiaries. As a result, Shanghai Industrial requires a
digital platform for group-wide financial management to promote its
digital transformation in accounting policies, financial functions,
accounting standards, and financial reporting.</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="color: rgb(192,0,0);">
<strong>
<span style="font-size: 16.0px;">Meeting the Application
Requirements of Mainland and Hong Kong</span>
</strong>
</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="font-size: 14.0px;">Shanghai Industrial's subsidiaries
are located in both mainland China and Hong Kong, where
differences in accounting standards, financial reporting
requirements, language, and culture have led to inconsistencies in
financial management. These differences have created confusion in
areas such as the implementation of unified accounting standards ,
the application of accounting policies, and the optimization of financial functions.</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="font-size: 14.0px;">Leveraging a robust digital
foundation, YonBIP has achieved unified group accounting standards
and a standardized chart of accounts and subsidiary ledgers. This
has not only established a unified group accounting system but also
addressed the differences between Mainland China and Hong Kong,
fully integrating their respective accounting standards and
reporting requirements.</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="font-size: 14.0px;">Moreover, Yonyou BIP is available in
multiple languages, including English and Chinese, to meet the needs
of Shanghai Industrial's employees from diverse linguistic and
cultural backgrounds.</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="color: rgb(192,0,0);">
<strong>
<span style="font-size: 16.0px;">Integrating Business Systems to
Achieve Financial and Operational Convergence</span>
</strong>
</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="font-size: 14.0px;">Shanghai Industrial Investment
Holding Company has numerous subsidiaries operating in a wide range
of sectors, including investment, tobacco, printing, hotels,
hospitality, property management, and seasoning manufacturing, among
others, resulting in a complex array of business systems. YonBIP's
social business architecture enables rapid integration of the
company's diverse business systems. By applying OpenAPI interfaces,
Shanghai Industrial Investment is able to connect its various
existing business systems, facilitating data exchange and
integration. This approach incorporates key financial accounting
information from each business system into the BIP system and
generates financial data according to corresponding rules. It
eliminates information silos and establishes a unified data pipeline,
reducing the workload of cross-checking data across heterogeneous
systems, while enhancing data processing efficiency and accuracy.
This supports real-time management of operations for Shanghai
Industrial Investment, enabling true integration of business and financial applications.</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="color: rgb(192,0,0);">
<strong>
<span style="font-size: 16.0px;">Information Integration and Full
Utilization of Data Assets</span>
</strong>
</span>
</p>
<p>
<span style="font-size: 14.0px;"> </span>
</p>
<p>
<span style="font-size: 14.0px;">Shanghai Industrial Investment
Holding Company has numerous subsidiaries operating in a wide range
of sectors, including investment, tobacco, printing, hotels,
hospitality, property management, and seasoning manufacturing, among
others, resulting in a complex array of business systems. YonBIP's
social business architecture enables rapid integration of the
company's diverse business systems. By applying OpenAPI interfaces,
Shanghai Industrial Investment is able to connect its various
existing business systems, facilitating data exchange and
integration. This approach incorporates key financial accounting
information from each business system into the BIP system and
generates financial data according to corresponding rules. It
eliminates information silos and establishes a unified data
pipeline, reducing the workload of cross-checking data across
heterogeneous systems, while enhancing data processing
efficiency and accuracy. This supports real-time management of
operations for Shanghai Industrial Investment, enabling true
integration of business and financial applications.</span>
</p>
<p>
<br>
</p>
