Announcement for January 03, 2026 at 02:47 PM UTC

Global Industry Classification Standard (GICS) Changes*

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

The following Industry changes will take place as of the close of January 30, 2026.

SUMMARY OF CHANGES INCLUDED IN THIS ANNOUNCEMENT.

                         Number of
                         GICS changes

CHINA                    1


CHINA

BEIJING SHANGHAI A(HK-C)
CURRENT GICS SUB-INDUSTRY 20304010 Rail Transportation
NEW GICS SUB-INDUSTRY     20305020 Highways & Railtracks


* Twice a month, MSCI announces changes
in the Global Industry Classification Standard (GICS) at Industry level. For
every change, the whole Sub-Industry code is provided. Changes at Sub-Industry
level only are not announced.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.