Ge Long Hui A P P·2025-06-23 10:56Core Viewpoint - Shanghai Mechanical and Electrical Co., Ltd. (Shanghai Mechanical) is transferring 5% of its total shares to Shanghai Shangguo Investment Management Co., Ltd. (Shangguo Investment) to enhance corporate governance and promote high-quality development [1][2]. Group 1 - The controlling shareholder, Shanghai Electric Group Co., Ltd. (Shanghai Electric), will transfer 51,136,966 shares, representing 5% of the total share capital of Shanghai Mechanical, to Shangguo Investment [1]. - After the transfer, Shanghai Electric's direct shareholding will decrease from 491,073,586 shares (48.81%) to 439,936,620 shares (43.81%), while Shangguo Investment will hold 51,136,966 shares (5%) [2]. - The transfer will not change the controlling shareholder or actual controller of the company, nor will it trigger a mandatory bid or adversely affect the company's governance structure and ongoing operations [2].