Shanghai Electric initiates share repurchase plan

Shanghai Electric Group Company announced the commencement of its share repurchase program. The initiative was approved in prior board and shareholder meetings. The company repurchased 1.6 million A-shares, representing 0.01% of its total share capital. The repurchases were conducted at a high of CNY7.36 per share and a low of CNY7.35 per share, resulting in a total expenditure of CNY1,177.2 million, excluding transaction costs. The repurchase period started on June 3, 2025, and is set to conclude on August 29, 2025, with an expected total repurchase amount ranging from CNY150 million to CNY300 million. The repurchased shares will be used to reduce the company's registered capital. Shanghai Electric will make repurchase decisions within the period based on market conditions.