The transferee of the transfer of real estate in Minhang District, Shanghai by Shanghai Electric (02727.HK) is confirmed to be the industrial sector in Xinzhuang Industrial Zone.

Zhtng Cijng APP News, Shanghai Electric (02727.HK) announced that the company has transferred the real estate and ancillary facilities located at 188 Linchun Road, Minhang District, Shanghai (subject assets) through the Shanghai United Property Exchange (United Property Exchange). On June 24, 2026, the company received a notification from the United Property Exchange that the buyer of the subject assets was determined to be Shanghai Xinzhuang Industrial Zone Industrial Co., Ltd. (Xinzhuang Industrial Zone Industrial). Recently, the company signed a "Property Transaction Contract" with Xinzhuang Industrial Zone Industrial, and the transaction price for the subject assets was RMB 134.9 million.