Shanghai Electric revises entrusted financial management plan

Shanghai Electric Group Company (SSE:601727) has issued a supplementary announcement regarding its entrusted financial management activities. The clarification augments the original announcement made on March 29, 2025, concerning the use of temporarily idle funds for securities investments and related transactions. The company's board approved the investment of funds in fixed-income trust plans with a risk rating of R3 or lower, issued by Jian Yuan Trust. The maximum investment amount remains capped at CNY 2 billion, available for revolving use within the defined limit. The updated announcement specifies that these entrusted funds will not be used for investments in equity-based assets or targets linked to stock performance. Jian Yuan Trust, is a state-owned holding company, which offers a range of trust services, including fund trusts, movable property trusts, real estate trusts, securities trusts, and other property or property rights trusts. It has a total managed assets of CNY 253.2 billion as of the end of 2024. Jian Yuan Trust's fixed income investment strategy and underlying investments pose low risks. The entrusted financial management’s fees rate for Shanghai Electric is expected to be no more than 0.3%/year.