Shanghai Electric : ONLINE BRIEFING SESSION ON THE ANNUAL RESULTS FOR THE YEAR 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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SHANGHAI ELECTRIC GROUP COMPANY LIMITED 上海電氣集團股份有限公司

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

(Stock Code: 02727)

VOLUNTARY ANNOUNCEMENT

ONLINE BRIEFING SESSION ON THE ANNUAL RESULTS FOR THE YEAR 2020

I. TYPE OF THE BRIEFING SESSION

Shanghai Electric Group Company Limited (the "Company") will hold the board meeting on 26 March 2021, publish annual results for the year 2020 on the website of the Stock Exchange of Hong Kong Limited (www.hkexnews.hk) on 26 March 2021 and 2020 Annual Report of Shanghai Electric on the website of Shanghai Stock Exchange (www.sse.com.cn) on 27 March 2021. Pursuant to the relevant requirements under the Guidelines of the Shanghai Stock Exchange on Cash Dividends Distribution by Listed Companies and the Circular on Promoting Matters in relation to Investors Briefing Session Convened by Listed Companies, in order to present to the investors with a more comprehensive and in-depth understanding of the Company, the Company has decided to hold the Online Briefing Session on the Annual Results for the Year 2020 on Friday, 2 April 2021, for the purpose of communicating comprehensively with the investors in respect of the details of the Company's business operations for 2020, and responding to the enquiries in regard to the matters of general concern to the investors.

II. TIME AND WEBSITE OF THE BRIEFING SESSION

Time of the briefing session: from 10:00 a.m. to 11:00 a.m. on Friday, 2 April 2021

Website of the briefing session: Shanghai Stock Exchange Roadshow Center

(http://roadshow.sseinfo.com)

Way of convening the briefing session: via the internet interaction

III. PARTICIPANTS FROM THE COMPANY FOR THE BRIEFING SESSION

Mr. Zheng Jianhua, the chairman of the Company, Mr. Huang Ou, the executive director and president of the Company, Mr. Hu Kang, chief financial officer of the Company, Ms. Fu Rong, the secretary to the board of the Company.

IV. INVESTORS' PARTICIPATION

1. Investors can participate in the online briefing session by logging on Shanghai Stock Exchange Roadshow Center (http://roadshow.sseinfo.com) from 10:00 a.m. to 11:00 a.m. on 2 April 2021.

2. Investors can also submit the questions they would like to understand to the contact person's mailbox provided in this announcement from 9:00 a.m. on 30 March 2021 to 17:00 p.m. on 31 March 2021 and the Company will answer questions of common concern by investors during the briefing session.

V. CONTACT PERSON AND CONTACT DETAILS

Contact person: Wu Linshan

Telephone: [phone]

Fax: [phone]

E-mail:[e-mail]

By order of the Board

Shanghai Electric Group Company Limited

ZHENG Jianhua

Chairman of the Board

Shanghai, the PRC, 22 March 2021

As at the date of this announcement, the executive directors of the Company are Mr. ZHENG Jianhua, Mr. HUANG Ou, Mr. ZHU Zhaokai and Mr. ZHU Bin; the non-executive directors of the Company are Ms. YAO Minfang and Ms. LI An; and the independent non-executive directors of the Company are Dr. XI Juntong, Dr. XU Jianxin and Dr. LIU Yunhong.

* For identification purpose only