The board of directors of Shanghai Industrial Holdings Limited announced that Mr. Zhou Jie, currently an Executive Director, the Vice Chairman and Chief Executive Officer and a member of the Executive Committee of the company, has resigned from all positions with the company and all of its subsidiaries with effect from August 25, 2016 due to job re-arrangement. Mr. Zhou Jun, currently an Executive Director and a Deputy CEO of the company, remains an Executive Director of the company, and has been re-designated as the Vice Chairman and Chief Executive Officer of the company with effect from August 25, 2016.