Shanghai Electric shareholders approve loan guarantee, debt issuance

Shanghai Electric Group Company Limited announced the successful passing of two ordinary resolutions at its Extraordinary General Meeting (EGM) held on September 22, 2025. The resolutions, which included a loan guarantee not exceeding €90 million for Shanghai Prime (HK) Investment Management Company Limited and the application for registration and issuance of debt financing instruments, received strong shareholder support.

For the loan guarantee, 99.2339% of votes were cast in favor, with 0.6594% against and 0.1067% abstaining. The resolution for debt financing instruments saw 99.4246% in favor, 0.4906% against, and 0.0848% abstaining. Both resolutions were passed as ordinary resolutions, securing over 50% of the votes cast.

The EGM saw participation from shareholders holding 7,997,877,467 shares, representing approximately 51.4660% of the company's total issued shares. The meeting was chaired by Zhu Zhaokai, executive director, with four out of eight directors attending. Computershare Hong Kong Investor Services Limited acted as the H Share registrar for poll calculations.