Shanghai Electric announces shareholder details amid buyback plan

Shanghai Electric Group Company (SSE:601727) has disclosed details of its top ten shareholders and top ten shareholders without trading restrictions, coinciding with its ongoing A-share buyback program approved on April 9, 2025. As of April 10, 2025, Shanghai Electric Holding Group remains the largest shareholder with 6,400,435,385 A shares, representing 41.08% of the total share capital. The company, together with its subsidiary Shanghai Electric Group Hong Kong, holds a total of 6,714,077,385 shares, representing 43.09% of the total shares. Concurrently, the company is also progressing with the land reserve arrangements for its property located at 1111 Shanghai-Minhang Rd. with the signing of the "Non-Residential Housing Demolition Compensation Agreement" which may lead to the payment of CNY 44,331,121 as a compensation reward. These strategic moves, encompassing share buybacks and asset optimization, underscore Shanghai Electric's commitment to enhancing shareholder value and streamlining operations.