SH ELECTRIC has announced an update regarding the public listing and transfer of its real estate assets and ancillary facilities located at 188 Linchun Road, Minhang District, Shanghai.

The company has been informed by the Shanghai United Assets and Equity Exchange that the transferee for these assets has been confirmed as Shanghai Xinzhuang Industrial Zone Industrial Co., Ltd.

Furthermore, SH ELECTRIC has recently executed a property transaction contract with the aforementioned transferee. The final transaction price for the assets has been set at RMB 134.9 million.