The board of directors of Shanghai Industrial Holdings Limited announced that Mr. Yuen Tin Fan, Francis appointed as Independent Non-Executive Director of the company, with effect from 15 July 2016. Mr. Yuen is currently the independent non-executive deputy chairman of Pacific Century Regional Developments Limited and an independent non-executive director of Agricultural Bank of China Limited and China Foods Limited and China Chengxin International Credit Rating Co. Ltd. Mr. Yuen was formerly chief executive of The Stock Exchange of Hong Kong Limited (1988-1991), deputy chairman and executive director of the Pacific Century Group, deputy chairman and executive director of PCCW Limited and executive chairman of Pacific Century Insurance Holdings Limited. Mr. Yuen Tin Fan, Francis has been appointed as a member of the Audit Committee, Remuneration Committee and Nomination Committee of the company with effect from 15 July 2016.