Shanghai Electric repurchases shares for cancellation on stock exchange

Shanghai Electric Group Company Limited announced that it repurchased a total of 2,900,000 A shares on July 3, 2025, on the Shanghai Stock Exchange. The shares were repurchased for cancellation, signaling a reduction in the number of outstanding shares. The highest repurchase price per share was RMB7.33, while the lowest price was RMB7.31. The total aggregate price paid for the shares was RMB21,225,000. These repurchases were made in accordance with domestic rules applying to repurchases on the Shanghai Stock Exchange. The company also reported a series of prior repurchases throughout June and early July, indicating an ongoing strategy. These repurchases do not instigate any moratorium on new share issues or treasury share transfers.