Shanghai Dazhong Public Utilities : RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF AUDIT COMMITTEE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

上海大眾公用事業（集團）股份有限公司

Shanghai Dazhong Public Utilities (Group) Co., Ltd.*

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

(Stock Code: 1635)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

AND

CHAIRMAN OF AUDIT COMMITTEE

The board of directors (the "Board") of Shanghai Dazhong Public Utilities (Group) Co., Ltd.* (the "Company") hereby announces that the Board has received the resignation letter from Mr. Chow Siu Lui ("Mr. Chow"). Mr. Chow resigned as an independent non-executive director of the Company and the chairman of the audit committee of the Board due to other business arrangement. His resignation will become effective upon the election and appointment of the successor independent non-executive director by the shareholders' general meeting of the Company. During this period, Mr. Chow continues to perform his duties as an independent non-executive director of the Company and the chairman of the audit committee of the Board.

As at the date of this announcement, Mr. Chow has not held any share of the Company, and there are no commitments that should have been fulfilled. Mr. Chow has confirmed that he has no disagreement with the Board, and there are no matters relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

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The Company would like to take this opportunity to express its sincere gratitude to Mr. Chow for his contribution and support towards the Company during his terms of office.

By order of the Board

Shanghai Dazhong Public Utilities (Group) Co., Ltd.*

YANG Guoping

Chairman

Shanghai, the People's Republic of China

December 31, 2021

As at the date of this announcement, the executive directors of the Company are Mr. YANG Guoping, Mr. LIANG Jiawei, Mr. WANG Baoping and Mr. YANG Weibiao; the non-executive directors of the Company are Ms. QU Jia and Mr. JIN Yongsheng; and the independent non-executive directors of the Company are Mr. WANG Kaiguo, Mr. CHOW Siu Lui and Mr. LIU Zhengdong.

• For identification purpose only

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