Shanghai Electric (02727) has announced that on April 29, 2026, its board reviewed and approved a proposal for the transfer of equity interests in five biomass power project companies. The company's wholly-owned subsidiary, Anhui Investment Company, will transfer its 100% stakes in Wuhe Project Company, Tianchang Project Company, Mengcheng Project Company, and Suixi Project Company to Electric Holding via a private agreement. Additionally, another wholly-owned subsidiary, Electric Investment Company, will transfer its 100% stake in Xiangshui Project Company to Electric Holding under the same arrangement. The total consideration for these transactions amounts to RMB 426.91 million, based on the assessed equity value of the five project companies as of October 31, 2025. The final transfer price will be subject to state-owned asset regulatory filing. This divestment enables Shanghai Electric to exit its primary biomass power operations, shedding non-core assets to replenish working capital and support the sustained development of its core business activities.