Shanghai Electric Group (02727): The Jiangchuan Road Subdistrict Office of Minhang District, Shanghai and the First House Expropriation Office of Minhang District have not yet signed the "Non-Residential House Demolition Compensation Agreement" with the company for this acquisition and demolition.

Shanghai Electric Group (02727) announced that due to the relevant approval authorities failing to complete the approval process as expected in a timely manner, as of the date of this announcement, the Minhang District Jiangchuan Road Sub-district Office and the Minhang First Real Estate Acquisition Affairs Co., Ltd. have not signed the "Non-Residential Housing Demolition Compensation Agreement" with the company regarding the current acquisition and storage. The signing and implementation time of this acquisition and storage are still uncertain, and the proceeds from this land acquisition will be confirmed in accordance with the "Enterprise Accounting Standards" based on the implementation of the acquisition and storage, which will not affect the company's attributable net profit for the year 2024.