Shanghai Electric: Purchase of K-ELECTRIC LIMITED shares has not yet been completed.

Shanghai Electric announced on the evening of September 2 that the company's stock has had a cumulative deviation value of 20% for three consecutive trading days, which is considered abnormal stock market volatility. The major asset purchase of K-ELECTRIC LIMITED shares held by KES POWER LTD. has not been completed. As the trading conditions have not been met and are no longer feasible, the company is organizing relevant parties to study the termination of this transaction and fulfill internal procedures.