Shanghai Electric (02727) announced that on December 30, 2025, the company's board of directors approved a proposal at its 5th 117th meeting concerning the transfer of the company's real estate and ancillary facilities located at No. 188 Linchun Road in Shanghai, as well as the purchase of office land and construction of a new office building. The board agreed that the company will publicly list the transfer of the said property and ancillary facilities, which are currently owned by the company, through the Shanghai United Assets and Equity Exchange. The listing price is set at the assessed value of the assets as of August 31, 2025, which is RMB 166 million, with the final price subject to the assessment value filed with the competent state-owned assets authorities.

The subject assets are currently used as the office premises for the company's subsidiary, Shanghai Electric Power Station Group. Due to constraints posed by the current office conditions, the Power Station Group plans to relocate to a new site. This move aims to achieve centralized management control, enhance operational efficiency, and reduce external rental costs by integrating the office spaces of its subordinate enterprises.

Based on preliminary calculations by the company's finance department, if the transaction is completed at the reserve price, it is estimated to increase the company's net profit attributable to the parent company by approximately RMB 105 million. The final figure will be subject to confirmation by the auditing firm.