Shanghai Electric Group Company Limited (SH Electric) will launch a third public tender on the Shanghai United Assets and Equity Exchange to dispose of its property and ancillary facilities at No. 188 Linchun Road, Minhang District, Shanghai (the “Target Assets”).

The company initially offered the Target Assets for RMB166.57 million from 27 February 2026 to 26 March 2026, reflecting an independent appraisal filed with the state-owned assets authority. No bids were received during that period.

A second listing ran from 14 April 2026 to 14 May 2026 at a 10% discounted price of RMB149.91 million; again, no interested transferees emerged.

In accordance with disposal rules for state-owned assets, SH Electric will proceed with a third tender at a further 10% reduction to RMB134.92 million. The company will continue to disclose material developments in line with Hong Kong Listing Rules and the Securities and Futures Ordinance.

Shareholders and potential investors are advised to exercise caution when dealing in SH Electric’s securities until further notice.