"Shanghai Electromechanical: Controlling shareholder intends to transfer 5% of the shares by agreement."

Shanghai Electromechanical Announcement: The company's controlling shareholder, Shanghai Electric, has signed a share transfer agreement with Shanghai State Investment Management to transfer 51.137 million shares of the company's stock held by Shanghai Electric to the transferee. Before the equity change, Shanghai Electric directly held 491 million A-shares of the company, and through its wholly-owned subsidiary Shanghai Electric Hong Kong Limited, held 8.117 million B-shares of the company, collectively accounting for 48.81% of the total share capital of the company. After the equity change, Shanghai Electric's direct shareholding will decrease by 51.137 million shares, reducing its overall ownership from 48.81% to 43.81%, while Shanghai State Investment Management will hold 51.137 million shares, accounting for 5% of the total share capital of the company. This equity change will not result in a change in the company's controlling shareholder or actual controller.