The board of directors of Shanghai Industrial Holdings Limited announced that Mr. Shu Dong has been appointed as an Executive Director of the Company with effect from 5 June 2023. Particulars of Mr. Shu Mr. Shu, aged 54, is the general manager of the audit department of Shanghai Industrial Investment (Holdings) Company Limited ("SIIC"). He graduated from Shanghai Institute of Urban Construction with a bachelor's degree in engineering and is designated as a senior engineer.

Mr. Shu is also a member of the supervisory committee of Shanghai Industrial Development Co. Ltd., and was a senior manager, the assistant general manager and deputy general manager of the audit department of SIIC. He has extensive experience in auditing and engineering construction.

Mr. Shu is currently a member of the 16th Shanghai Municipal People's Congress. According to the Articles of Association of the Company, Mr. Shu will hold office until the annual general meeting of the Company in 2024, or at the next general meeting (if any) held earlier than the 2024 AGM, and shall then be eligible for re-election at that meeting. Thereafter, he will be subject to retirement by rotation at an annual general meeting of the Company in accordance with the Articles of Association of the Company.