上海机电：关于挂牌转让控股子公司股权的进展公告

Core Viewpoint - Shanghai Mechanical and Electrical announced the public transfer of 67% equity in Shanghai Simic Welding Materials Co., Ltd. due to unsuccessful initial bidding [1] Group 1: Company Actions - The company approved the transfer of 67% equity in Shanghai Simic Welding Materials at a valuation of RMB 29,120.17 million based on the assessment value of RMB 43,462.94 million as of June 30, 2025 [1] - The initial public offering period for the equity transfer was from October 20, 2025, to November 17, 2025, but no interested buyers were found [1] - The company plans to conduct a second round of public transfer with a reduced price of RMB 26,208.189 million, reflecting a 10% decrease from the assessed value [1]