Shanghai Jin Jiang Capital : CHANGE OF STAFF REPRESENTATIVE SUPERVISOR

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Shanghai Jin Jiang Capital Company Limited *

上 海 錦 江 資 本 股 份 有 限 公 司

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

(Stock Code: 02006)

CHANGE OF STAFF REPRESENTATIVE SUPERVISOR

The board of directors (the ''Board'') of Shanghai Jin Jiang Capital Company Limited (the ''Company'') announces that Mr. Chen Yinghao (陳英豪) has ceased to be a staff representative supervisor of the Company (the ''Staff Representative Supervisor'') with effect from 29 July 2020. Mr. Zhao Feng (趙鋒) has been elected as the Staff Representative Supervisor of the fifth session of the supervisory committee of the Company with effect from 29 July 2020.

CHANGE OF STAFF REPRESENTATIVE SUPERVISOR

Resignation of Staff Representative Supervisor

The Board announces that due to change of work arrangements, Mr. Chen Yinghao ceased to be the Staff Representative Supervisor with effect from 29 July 2020.

Mr. Chen Yinghao has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Chen Yinghao for his valuable contributions to the Company during his term of office.

Appointment of Staff Representative Supervisor

The Board further announces that Mr. Zhao Feng is elected as the Staff Representative Supervisor of the fifth session of the supervisory committee of the Company in a democratic election by the staff of the Company in accordance with the articles of association of the Company on 29 July 2020. His term of office commences on 29 July 2020 and will end on the date on which the term of the fifth session of the supervisory committee of the Company is concluded (i.e. at the conclusion of the Company's annual general meeting to be held in 2022).

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The biographical details of Mr. Zhao Feng are as follows:

Mr. Zhao Feng (趙鋒), aged 45, holds a master's degree in business administration and is a member of the Communist Party of China. He was previously the deputy general manager of a branch company of Shanghai Jin Jiang International Travel Company Co., Ltd., the general manager of Shanghai Guolv Advertising Co., Ltd., and the member of the Party committee and the deputy head of the Culture, Sports, Broadcasting, Television and Tourism Bureau of Karamay in Xinjiang, as one of the ninth batch of officers assisting Xinjiang from Shanghai. He is currently the deputy secretary of the Party committee, the secretary of the discipline committee, the chairman of the labour union and the Staff Representative Supervisor of the Company.

Mr. Zhao Feng will not receive any supervisor's fee.

As at the date of this announcement, save as disclosed above, Mr. Zhao Feng confirms that: (i) he has not held any directorships in any public companies, the securities of which are listed on any securities market in Hong Kong and/or overseas in the past three years, nor held any other major appointment or professional qualification; (ii) he does not have any interests in the shares or securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (iii) he does not have any relationship with other current directors, senior management or substantial shareholders or controlling shareholders of the Company.

There are no other matters in relation to the appointment of Mr. Zhao Feng as the Staff Representative Supervisor that need to be brought to the attention of the shareholders of the Company, nor is there other information in relation to the appointment of Mr. Zhao Feng as the Staff Representative Supervisor that needs to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

By Order of the Board

Shanghai Jin Jiang Capital Company Limited*

Zhang Jue

Joint Company Secretary

Shanghai, the PRC, 29 July 2020

As at the date of this announcement, the executive directors of the Company are Mr. Yu Minliang, Ms. Guo Lijuan, Mr. Chen Liming, Mr. Ma Mingju, Ms. Zhou Wei and Mr. Sun Yu; and the independent non-executive directors of the Company are Mr. Ji Gang, Dr. Rui Mingjie and Mr. Shen Liqiang.

• The Company is registered as a non-Hong Kong company as defined in the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) under its Chinese name and the English name ''Shanghai Jin Jiang Capital Company Limited''.

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