Shanghai Electric (02727) plans to sell real estate in Minhang District, Shanghai

Zhitong Finance App News, Shanghai Electric (02727) issued an announcement. On December 30, 2025, the 117th meeting of the 5th board of directors of the Company deliberated and passed the “Proposal on the Company's Transfer of Real Estate and Ancillary Facilities at No. 188 Linchun Road, Shanghai, and the Purchase of Office Land and Construction of an Office Building”, agreeing that the Company publicly listed on the Shanghai Joint Property Exchange to transfer the real estate and ancillary facilities at No. 188 Linchun Road, Minhang District, Shanghai (the underlying asset). The estimated value of the asset listed on August 31, 2025 was RMB 166 million Yuan (in the end, the assessed value registered by the State-owned Assets Administration Authority shall prevail) (this transaction).

The target assets are currently being used as office space for the Shanghai Electric Power Station Group (Power Station Group), a subsidiary of the Company. Due to existing office conditions, the Power Plant Group plans to relocate to a new location and achieve intensive control by integrating the offices of the subsidiary companies to improve operational efficiency and reduce rental costs.

According to preliminary estimates by the Company's finance department, if the transaction is completed at the reserve listing price, it is expected to increase the Company's net profit to mother by approximately RMB 105 million. The details are based on the results confirmed by the auditing agency.