Sinopec Shanghai Petrochemical Company Limited at its annual general meeting held on June 16, 2021, approved payment of dividend to the holders of the company's H shares for the year ended December 31, 2020, the average of the median exchange rates of Hong Kong dollars to Renminbi as announced by the Foreign Exchange Trading Centre of the PRC for the calendar week preceding 16 June 2021, the date on which the resolution of payment of the Final Dividend was declared and passed, was HKD 100 to RMB 82.40. Accordingly, the company will distribute the Final Dividend of HKD 0.121 per share to the holders of the company's H shares. The Company will appoint Bank of China (Hong Kong) Trustees Limited as its paying agent in Hong Kong and will pay the Final Dividend payable to the holders of the Company's H shares to the Paying Agent to be held, pending payment, in trust for such holders. The Final Dividend payable to the holders of the Company's H shares whose names appear on the register of members of the Company's H shares at the close of business on 28 June 2021 will be paid by the Paying Agent around 20 July 2021 and will be dispatched by Hong Kong Registrars Limited on the same day. Distribution of the 2020 dividend to the holders of the Company's A shares will be announced separately.