Shanghai Electric announces A-share repurchase and creditor notification

Shanghai Electric Group Company (SSE:601727) announced its plan to repurchase A-shares via centralized bidding to reduce the company's registered capital. Approved at the annual general meeting on May 30, 2025, the repurchase involves a minimum of CNY150 million and a maximum of CNY300 million. The repurchase price will not exceed 150% of the average trading price of the company's shares in the 30 trading days prior to the board's approval of the repurchase resolution, capped at CNY12.29 per share. The company expects to repurchase and cancel approximately 1.22 million to 2.44 million shares, representing approximately 0.08% to 0.16% of the company’s total share capital.