The board of directors of Shanghai Electric Group Company Limited announced Mr. ZHANG Mingjie, the chief operating officer of the Company, has resigned as the chief operating officer of the Company due to the reason of age. Mr. ZHANG will no longer hold any position in the Company since the date of this announcement. Mr. ZHANG has confirmed that there is no disagreement between himself and the Board during his term of office and there is no matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.