Shanghai Electric Power Co., Ltd.: provides up to 100 million yuan in guarantee for its controlling subsidiary Shengwei Strategy.

Shanghai Electric Power Co., Ltd. announced that the company had previously approved a total guarantee of up to 5.8 billion yuan for the company and its subsidiaries through a resolution in 2026, of which up to 1 billion yuan was provided to Sheng Wei Ce. Recently, the company signed a contract with China CITIC Bank to provide joint liability guarantee for the maximum principal amount of 1 billion yuan and interest for Sheng Wei Ce, and the original contract was terminated. Sheng Wei Ce had a revenue of 80.1392 million yuan and a net profit of 1.1319 million yuan in January 2026, with an asset-liability ratio of over 70%. As of the date of the announcement, the company's outstanding external guarantee balance does not exceed 2.064 billion yuan, accounting for a ratio of not more than 17.43% of the most recent audited net assets, with no overdue or litigation-related guarantees.