SH ELECTRIC (02727.HK): RMB 1 Public Listing Transfer of 47.4% Equity Interest in Electric Gotion Completed, Transferee Being Nanjing Gotion Holding

NewTimeSpace News: On 15 September 2026, Shanghai Electric Group Company Limited (stock code: 02727.HK) announced that it had publicly listed for transfer on the Shanghai United Assets and Equity Exchange its 47.4% equity interest in Shanghai Electric Gotion New Energy Technology Co., Ltd. at a listing price of RMB 1. The Company had published announcements on this matter on 30 December 2025 and 22 May 2026.

The announcement disclosed that the subject equity was publicly listed on the exchange from 4 February 2026 to 8 April 2026; on 13 May 2026 the Company received notice that the transferee was determined to be Nanjing Gotion Holding Group Co., Ltd., and the two parties entered into an Assets and Equity Transaction Contract on 21 May 2026 at a transaction price of RMB 1. The conditions for the contract to become effective have recently been fulfilled, the Company and its controlled subsidiaries no longer provide any guarantees or loans to Electric Gotion, and the Company has received the Assets and Equity Transaction Certificate issued by the exchange, completing the transaction.

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