Shanghai Prime Machinery Company Limited announced that: Mr. Zhang Jie has tendered his resignation as an Executive Director, a member of the Strategy Committee and the Risk Management Committee of the Board; Mr. Chen Hui has tendered his resignation as an Executive Director, and a member of the Strategy Committee of the Board; Mr. Xu Jianguo has tendered his resignation as the chairman of the supervisory committee of the Company and a Supervisor (non-employee representative); and Mr. Si Wenpei has tendered his resignation as a Supervisor (non-employee representative), all due to change of work arrangement and all conditional upon the appointment of new candidates in replacement of their respective positions approved by the shareholders of the Company at the shareholders' general meeting of the Company. The nomination committee of the Board has resolved to nominate Mr. Si Wenpei and Mr. Gou Jianhui for election as Executive Directors at the next annual general meeting of the Company for the year ended December 31, 2018 and the appointments will be subject to the approval of the Shareholders. The Supervisory Committee has resolved to nominate Ms. Zhang Yan and Ms. Lu Haixing for election as Supervisors at the AGM, and the appointments will be subject to the approval of the Shareholders. Mr. Si Wenpei, aged 55, is a Supervisor of the Company, and has been the head of the assets and finance department of Shanghai Electric Group Company Limited since November 2017. Mr. Gou Jianhui, aged 57, has extensive experience in managing and growing multi-national industrial enterprises that are leading suppliers of important parts and components for industries such as automotive, railway and energy. Ms. Zhang Yan, aged 43, is the chief of risk management department of SEC. Ms. Lu Haixing, aged 51, is the secretary of CPC Party Committee of Shanghai High Strength Bolts Factory Company Limited.