Shanghai Electric shareholders back all EGM resolutions

Shanghai Electric Group Company Limited announced that all resolutions proposed at its Extraordinary General Meeting (EGM) held on December 15, 2025, were passed by shareholders. These resolutions included the approval of continuing connected transactions and proposed annual caps under both the Financial Services Framework Agreement and the Daily Connected Transaction Framework Agreement, as well as the appointment of an independent non-executive director.

The resolution concerning continuing connected transactions and annual caps under the Financial Services Framework Agreement passed with 87.2389% of votes in favor (1.83bn shares). The Daily Connected Transaction Framework Agreement resolution received 98.7882% of votes in favor (2.07bn shares).

Additionally, the proposed appointment of Dr. CHEN Xinyuan as an independent non-executive director was approved with 99.6739% of votes in favor (8.47bn shares). Dr. CHEN's term of office will commence from the announcement date and extend until the expiry of the fifth session of the Board, serving on various committees. His annual emolument is RMB250,000.