The board of directors of Shanghai Industrial Holdings Limited announced Mr. Yang, currently a Deputy CEO of the Company, was no longer a Deputy CEO of the Company with effect from 20 September 2023 due to deployment of work arrangement, and he will continue to serve as a director and senior management of other subsidiaries of the Group. Mr. Zhu, aged 46, has been appointed as a Deputy CEO of the Company with effect from 20
September 2023. He is currently an executive director of SIIC Environment Holdings Ltd., and will be appointed as a director and senior management of other subsidiaries of the Group. Mr. Zhu graduated from the Chinese People's Liberation Army University of International Relations with a bachelor's degree in arts and a master's degree in military science. He joined Shanghai Industrial Investment (Holdings) Company Limited in January 2019, and was a deputy general manager of the administration department of SIIC, and a deputy general manager of Shanghai Galaxy Investment Co. Ltd. and SIIC Management (Shanghai) Ltd. He has extensive experience in enterprise management.