Shanghai Electric Group (02727): Shanghai State-owned Investment Company intends to participate in the exchange of securities investment fund units plan.

Shanghai Electric Group (02727) announced that as of the date of this announcement, Shanghai State-owned Capital Investment Co., Ltd. (Shanghai State Investment Co.) holds 785 million shares of the Company's A shares, accounting for 5.040489% of the total share capital of the Company. The above shares are acquired through gratuitous transfer and are all freely tradable shares. On December 27, 2024, the Company received a notification letter from Shanghai State Investment Co. regarding the participation of Shanghai Electric Group's shares in the subscription of securities investment fund units. In order to support the reform of Shanghai's state-owned assets and state-owned enterprises, and further optimize the equity structure of the listed company, Shanghai State Investment Co. plans to exchange part of the Company's shares held by them for units of the CSI Shanghai State-owned Enterprises Exchange Traded Open-end Index Securities Investment Fund within 2 months after 15 trading days from December 27, 2024. The source of the shares exchanged in this transaction is the Company's A shares acquired through gratuitous transfer, and the exchange price is determined based on market prices.