Shanghai Electric schedules meeting for financing and guarantee approvals

Shanghai Electric Group Company will convene its second extraordinary general meeting of shareholders on September 22, 2025, to seek approval for two key financial proposals. Shareholders will vote on a guarantee for its wholly-owned subsidiary, Shanghai Electric (Hong Kong) Investment Management Co., Ltd., for a loan not exceeding €9 bn, with a term of up to three years. This guarantee is deemed necessary due to the subsidiary's asset-liability ratio exceeding 70% and is supported by the board.

Additionally, the company proposes to register and issue debt financing instruments with the National Association of Financial Market Institutional Investors, totaling 100 bn yuan. The instruments, including medium-term notes, short-term commercial papers, and super short-term commercial papers, will be issued over a two-year period to replace existing debt and for other approved uses, with maturities up to ten years. The board will authorize the chief financial officer to manage the issuance process.

As of August 31, 2025, Shanghai Electric's total registered share capital, including A and H shares, stands at 15,540,121,636 yuan. The company recently repurchased and delisted 39,687,456 A shares between June 12 and August 13, 2025. These repurchased shares were delisted on August 15, 2025.