Shanghai Dazhong Public Utilities (Group) Co. Ltd. announced that Ms. Zhao Fei tendered her resignation as a supervisor of
the eleventh session of the supervisory committee of the Company due to work arrangement adjustment. After the resignation of Ms. Zhao as a supervisor of the Company, the proportion of employee-elected supervisors in the Supervisory Committee will be less than one-third. In order to ensure the normal operation of the Supervisory Committee, Mr. Cao Jing elected as the employee representative supervisor of the eleventh session of the Supervisory Committee through democratic election at the first meeting of the eleventh session of the employee representative meeting held by the Company on February 16, 2023. The term of office of Mr. Cao shall commence on the date of the election of the employee representative meeting (i.e. February 16, 2023), and shall expire upon the expiration of the term of the eleventh session of the Supervisory Committee. Mr. CAO Jing, aged 57, joined the Company in January 1998. Mr. Cao has successively served as a staff member of development department of the Company, the deputy general manager of Hainan Dazhong Ocean Industry Co. Ltd. a staff member of the asset management department, a staff member of the general manager's office, a staff member and an assistant to the manager of the investment and development department of the Company from January 1998 to January 2016. He served as the authorized representative of securities affairs of the Board of the Company since April 2008; the deputy general manager of the investment and development department of the Company since February 2016; the director of Jiangsu Dazhong Water Group Co. Ltd. since April 2019; and the supervisor of Shanghai Dazhong Commercial Factoring Co. Ltd. since December 2021. Prior to joining the Company, Mr. Cao served as a staff member of the research centre of Shanghai Electrical Automation Research Institute from July 1987 to August 1994 and a deputy manager of trading department of Shanghai Fengrun Commodities Futures Co. Ltd. from September 1994 to December 1997. Mr. Cao graduated from the department of mathematical statistics in East China Normal University and obtained a bachelor's degree in science in July 1987 and completed his postgraduate course (majoring in political economy real estate brokerage) at the college of oriental real estate of East China Normal University and was approved for graduation by East China Normal University in June 2004.