On the afternoon of May 28, Mr. Samaranch and his delegation from GBS Finance visited Shanghai Electric and held talks with Wei Xudong, Chief Financial Officer of Shanghai Electric. The two sides reached broad consensus on topics including overseas business expansion and industrial investment cooperation. They also exchanged views on potential public welfare initiatives in collaboration with the Samaranch Sports Development Foundation.

Mr. Samaranch expressed his admiration for Shanghai Electric’s technological capabilities and global development vision, noting that GBS Finance looks forward to leveraging the complementary strengths of both organizations in industrial operations and capital management. He emphasized the potential for deeper and broader cooperation to achieve mutual growth and shared success. He also expressed the hope of utilizing the Samaranch Sports Development Foundation as a platform to promote sports philanthropy and cultural exchange, bringing greater social value and humanistic engagement to corporate development in global markets.

Wei Xudong welcomed Mr. Samaranch and his delegation, noting that Shanghai Electric is actively seizing opportunities arising from the global energy transition and industrial transformation while advancing its internationalization strategy with greater openness and flexibility. He stated that Shanghai Electric looks forward to working closely with GBS Finance to deepen industrial collaboration and jointly explore investment opportunities in key markets such as Europe and Latin America. Through the integration of industrial and financial resources, both parties aim to create new momentum for global business expansion.

Heads of relevant functional departments and industrial business units from both sides attended the meeting.