Shanghai Electric shareholders approve financial services, related party transactions

Shanghai Electric Group Company held its third extraordinary general meeting of shareholders on December 15, 2025, at its headquarters in Shanghai. The meeting, attended by 7,667 shareholders and proxies representing 8,504,694,878 voting shares, saw all agenda items approved. The total voting shares accounted for 54.7273% of the company's total voting rights.

Key approvals included the "Proposal on the Related Party Transaction of Financial Services between the Finance Company and Shanghai Electric Holdings Group Co., Ltd. for 2026-2028 and the Signing of the Financial Services Framework Agreement," and the "Proposal on the Daily Related Party Transaction Quota between the Company and Shanghai Electric Holdings Group Co., Ltd. for 2026-2028." Both resolutions, involving related parties, required and received shareholder approval.

Additionally, shareholders approved the "Proposal on the Election of Mr. Chen Xinyuan as an Independent Director of the Company." The meeting was conducted in compliance with legal and regulatory requirements, as confirmed by attending lawyers from Grandall Law Firm (Shanghai).