Shanghai Electric shareholders approve resolutions at annual meeting

Shanghai Electric Group Company Limited (HKEX: 2727) announced the successful passage of all resolutions proposed at its Annual General Meeting (AGM), A Share Class Meeting, and H Share Class Meeting, all held on May 30, 2025. Key resolutions included the approval of the company's annual report, board and supervisory committee reports, financial results, and profit distribution plan for the year ended December 31, 2024. Shareholders also approved the re-appointment of Ernst & Young Hua Ming LLP as the company's auditor for the financial year 2025. A special resolution concerning the plan to repurchase A shares through centralized price bidding also received strong support. Ordinary resolution 10 covered the guarantee budget of the Company for the year 2025, which included the provision of guarantee to the extent of RMB23,324.8 thousand by Shanghai Electric New Energy Development Co., Ltd. for Gaotai Shanghai Electric New Energy Development Co., Ltd. and a provision of guarantee to the extent of RMB5.01 million by Shanghai Institute of Mechanical & Electrical Engineering Co., Ltd. for Shanghai Ouhai Energy Technology Co., Ltd. The company confirmed compliance with all relevant laws and regulations in the convening and holding of the meetings.