Huadian Stock Co., Ltd: Absorption and merger of Pujiang Warehousing, registered capital of 104 million yuan.

Shanghai Electric Power announced that the company previously acquired 100% equity of Kunshan Pujiang Warehousing Facility Co., Ltd. with a cash payment of 207 million yuan. The acquisition has been completed and Pujiang Warehousing has become a wholly-owned subsidiary of the company. The company held the nineteenth meeting of the eighth board of directors on June 17, 2026, and approved the proposal to merge Pujiang Warehousing into the company. After the merger is completed, Pujiang Warehousing's independent legal status will be cancelled according to law, and all its assets, rights, debts, business, personnel, and other rights and obligations will be inherited by the company. This merger does not constitute a related party transaction or a significant asset restructuring, and does not require approval from the shareholders' meeting.