The board of directors of Shanghai Electric Group Company Limited (the "Company") announced that Mr. LIU Ping ("Mr. LIU") has been appointed as the president of the Company, with his term of office commencing from 23 August 2021 to the expiry date of current session of senior management. Mr. LIU Ping currently serves as the president of the Company. Mr. LIU served as the executive vice manager of the Finance Department of Shanghai Textile Holdings (Group) Company, the deputy general manager of Shanghai Dragon Corporation, the deputy general manager of the Commerce Business Department of Shanghai Fosun High Technology (Group) Co. Ltd., the deputy chief accountant of Shanghai Textile Holdings (Group) Company, the general manager of the Assets Operation Department of and the Chief Finance Officer of Shangtex Holding Co. Ltd., the Chief Finance Officer of Shanghai Textile Holdings (Group) Company, the vice president of Shanghai Textile Holdings (Group) Company, a member of the standing committee under and a member of Shanghai Changning District Party Committee and deputy Changning District Chief, the president, the deputy secretary of CPC Party Committee of and a director of Bright Food (Group) Co. Ltd.