Shanghai Electric Group Company Limited Announces Resignation of Zhang Yan as Employee Representative Supervisor

Shanghai Electric Group Company Limited specializes in the design, manufacturing and marketing of electrical and mechanical equipments. Net sales break down by activity as follows: - sale of electromechanical equipments (42.9%): elevators, escalators, moving walkways, printing and packaging equipments and machine-tools; - sale of electricity production and distribution equipments (36.1%). Additionally, the group sales equipments for heavy machines and for nuclear energy production; - financial services (15.2%). Shanghai Electric Group also provides electric engineering services; - other (5.8%). China accounts for 88.9% of net sales.