Core Viewpoint - Shanghai Electric Group Co., Ltd. held its 2024 annual general meeting and the first A-share and H-share meetings of 2025 on May 30, 2025, where various resolutions were passed, including a share repurchase plan [1][2][18]. Meeting Details - The annual general meeting took place at the Shanghai Electric Training Base in Shanghai at 14:00 on May 30, 2025 [2]. - The A-share and H-share meetings followed immediately after the annual meeting [2]. Attendance and Voting - The meetings combined on-site and online voting for the annual and A-share meetings, while the H-share meeting used only on-site voting [3]. - The chairman was unable to attend, and Director Zhu Zhaokai presided over the meetings [3]. - Out of 9 directors, 4 attended, and 2 out of 3 supervisors were present [4]. Resolutions Passed - All resolutions presented at the meetings were approved without any rejections [5][14]. - The resolutions included the approval of the 2024 annual report, financial statements, and the reappointment of Ernst & Young as the auditing firm for 2025 [8][9]. Share Repurchase Plan - The company approved a plan to repurchase A-shares through centralized bidding, with a total repurchase amount expected to be between RMB 1.5 billion and RMB 3 billion [18]. - The maximum repurchase price is set at RMB 12.29 per share, which is 150% of the average trading price over the previous 30 trading days [18]. - The estimated number of shares to be repurchased and canceled is approximately 12.21 million to 24.41 million, representing about 0.08% to 0.16% of the total share capital [19]. Legal Compliance - The meetings were witnessed by lawyers from Guohao Law Firm, confirming that the procedures followed were in compliance with relevant laws and regulations [15].