Shang Hai Zheng Quan Bao·2025-08-05 17:53Core Viewpoint - Shanghai Mechanical and Electrical Co., Ltd. has completed the transfer of shares from its controlling shareholder, Shanghai Electric Group Co., Ltd., to Shanghai Shangguo Investment Management Co., Ltd., without changing the control of the company [2][3]. Group 1: Share Transfer Details - Shanghai Electric Group signed a share transfer agreement to transfer 51,136,966 shares, representing 5% of the total share capital, to Shangguo Investment Management for a total price of RMB 859,612,398.46 [2]. - The share transfer was completed on August 4, 2025, with the confirmation from China Securities Depository and Clearing Corporation [5]. Group 2: Impact on Company Control - The completion of the share transfer will not result in a change of control, as Shanghai Electric remains the controlling shareholder [3][6]. - The transfer complies with relevant laws and regulations, ensuring no harm to the interests of the company or other shareholders, particularly minority shareholders [3][6].