According to Shanghai Electric's announcement, the company transferred 47.4% of its shares in Shanghai Electric Guoxuan New Energy Technology Co., Ltd. through a public listing on the Shanghai Joint Property Exchange. The listing and transaction price was 1 yuan. The transferee was Nanjing Guoxuan Holding Group Co., Ltd. Recently, the conditions for the entry into force of the “Property Rights Transaction Contract” have been met. The company and its holding subsidiaries no longer provide any guarantees or loans to Electric Guoxuan. The company has received the “Property Rights Transaction Certificate” issued by the Stock Exchange, and the transaction was completed.

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