The board of directors of Shanghai Electric Group Company Limited announced that: Due to the adjustment of duties, it was agreed that Mr. Zhou Zhiyan would cease to serve as the chief financial officer of the Company. Due to work requirements, it was agreed to appoint Ms. Fu Min (Ms. Fu) as the chief financial officer of the Company. The term of office of the aforesaid senior management shall commence on the date of consideration and approval by the Board and end on the date when the term of the current senior management expires.

Ms. Fu, aged 51, is currently the chief financial officer of the Company. Ms. Fu served as the principal staff member of the foreign investment application audit division, the deputy director and the director of the financial audit division, the director of the regional audit division, the director of the economic responsibility audit division of Shanghai Municipal Audit Bureau and a first-class researcher, and a member of the Disciplinary Committee, chief auditor, chief compliance officer and head of audit and risk control department of the Company. Ms. Fu graduated from Nankai University, holds a master's degree in business administration from Shanghai University of Finance and Economics and is a professor-level senior auditor.