SEP(SH:600021) Shang Hai Zheng Quan Bao·2025-09-24 20:01Core Viewpoint - Shanghai Electric Power Co., Ltd. has decided to terminate the major asset purchase of K-Electric Limited, which was initially planned to acquire 66.40% of the company's shares for a cash consideration of $1.77 billion, along with potential performance bonuses not exceeding $27 million [1][2]. Group 1: Termination of Asset Purchase - The Board of Directors approved the termination of the acquisition of K-Electric Limited during the ninth board meeting held on September 9, 2025 [2]. - The termination of the transaction is in compliance with relevant regulations and does not involve share issuance or related party transactions, nor does it change the controlling shareholder or actual controller of the company [1][2]. Group 2: Self-Inspection Report - A self-inspection was conducted regarding the trading activities of insiders related to the terminated transaction, covering the period from March 9, 2025, to September 9, 2025 [2][6]. - The self-inspection included various parties such as the company's directors, senior management, major shareholders, and related personnel [3]. Group 3: Trading Activities - Guotai Junan Securities Co., Ltd., the independent financial advisor for the transaction, engaged in trading Shanghai Electric Power shares during the self-inspection period, holding 714,100 shares [4][5]. - The company stated that its trading activities were compliant with regulations and did not constitute insider trading related to the termination of the asset purchase [5][7]. Group 4: Conclusion of Self-Inspection - The self-inspection concluded that the trading activities of the relevant insiders did not constitute insider trading, and no other related parties engaged in trading during the inspection period [6][8].