Shanghai Electric and CITIC Securities sign IPO counselling agreement for science and technology board

Shanghai Electric and CITIC Securities sign IPO counselling agreement for science and technology board

216

On March 6, 2020, CITIC Securities and Shanghai Electric signed a tutoring agreement, followed by a formal submission of the application for guidance filing by Shanghai Electric Wind Power to the China Securities Regulatory Commission Shanghai Supervision Bureau on March 11, which has since been accepted.

Shanghai Electric currently holds 100% of Shanghai Electric Wind Power company; a share which will be maintained to at least 60% after the spin-off. (ECITIC)