The board of directors of Shanghai Industrial Holdings Limited announced the following changes: The Board received a resignation letter from Mr. Zhou Jun on 18 November 2023. Due to his personal matters, Mr. Zhou Jun is unable to devote sufficient time to perform his duties in the Company. As such, Mr. Zhou Jun has resigned as Chief Executive Officer of the Company with effect from 18 November 2023.

Upon his resignation, Mr. Zhou Jun will no longer hold any positions in the Company and all its members companies.