Zhitong Finance App News, Shanghai Electric (601727.SH) issued an announcement. The board of directors of the company agreed to transfer 100% of the shares of Shanghai Electric Group (Suning) Environmental Technology Co., Ltd. (“Suning Company”) through public listing on the Shanghai Joint Property Exchange. The listing price is the assessed value of all shareholders of Suning Company of RMB 157 million on March 31, 2024 (ultimately based on the assessed value registered by the state-owned property department). The purpose of the company's transaction is to gradually withdraw its operating assets from its environmental protection business segment, focus on independent research and development of core equipment and product technology, and promote the transformation and development of the environmental protection business sector.

Zhitong Finance App News, Shanghai Electric (601727.SH) issued an announcement. The board of directors of the company agreed to transfer 100% of the shares of Shanghai Electric Group (Suning) Environmental Technology Co., Ltd. (“Suning Company”) through public listing on the Shanghai Joint Property Exchange. The listing price is the assessed value of all shareholders of Suning Company of RMB 157 million on March 31, 2024 (ultimately based on the assessed value registered by the state-owned property department). The purpose of the company's transaction is to gradually withdraw its operating assets from its environmental protection business segment, focus on independent research and development of core equipment and product technology, and promote the transformation and development of the environmental protection business sector.