Sinopec Shanghai Petrochemical : Announcement on Resignation of Supervisor

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(A joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 00338)

Announcement on Resignation of Supervisor

The board of directors (the "Board") of Sinopec Shanghai Petrochemical Company Limited (the "Company") announces that on 30 September 2019, the supervisory committee (the "Supervisory Committee" ) of the Company received the notice of resignation from Ms. Li Xiaoxia ("Ms. Li"), an employee supervisor of the Company, tendering her resignation from her position as an employee supervisor of the Supervisory Committee due to other work arrangements. Given that the departure of Ms. Li will result in the proportion of employee supervisors in the Supervisory Committee falling below the statutory requirement, according to regulations in the Company Law and the Articles of Association of the Company, Ms. Li's notice of resignation will take effect after the new employee supervisor has been appointed to fill the vacancy caused by her resignation. The Supervisory Committee will complete the by-election of employee supervisor as soon as possible in accordance with the relevant regulations. Ms. Li has confirmed that she has no disagreement with the Supervisory Committee and the Board and there are no matters relating to her resignation that need to be brought to the attention of the shareholders of the Company.

The Supervisory Committee expresses its appreciation for Ms. Li's valuable contribution during her tenure of service.

By Order of the Board

Sinopec Shanghai Petrochemical Company Limited

Guo Xiaojun

Joint Company Secretary

Shanghai, the PRC, 30 September 2019

As at the date of this announcement, the executive directors of the Company are Wu Haijun, Shi Wei, Jin Qiang, Guo Xiaojun, Zhou Meiyun and Jin Wenmin; the non-executive directors of the Company are Lei Dianwu and Mo Zhenglin; and the independent non-executive directors of the Company are Zhang Yimin, Liu Yunhong, Du Weifeng and Li Yuanqin.