Shanghai Electric Power Co., Ltd. has announced a plan to repurchase its shares through centralized bidding, with a total funding amount ranging from RMB 500 million to RMB 1 billion and a maximum price of RMB 156.7 per share. Of the repurchased shares, 50% will be allocated for employee stock ownership plans or equity incentives, while the remaining 50% will be used to safeguard the company's value and shareholders' rights and interests. The latter portion will be fully sold through centralized bidding in accordance with applicable rules within 12 months following the disclosure of the repurchase results and share change announcement. Based on the upper limit of RMB 1 billion and the maximum price, it is estimated that approximately 6.3816 million shares will be repurchased, representing approximately 0.33% of the total share capital. For the portion designated for employee stock ownership or equity incentives, the repurchase period shall not exceed 12 months from the date of board approval; for the portion intended to safeguard the company's value and shareholders' rights and interests, the period shall not exceed 3 months.