The Board of Shanghai Pharmaceuticals Holding Co., Ltd. received written resignation notice from Mr. Zhou Jie, the chairman of the Board, on 25 August 2016. Mr. Zhou Jie has tendered his resignation from the office of the chairman of the Board, executive director and a member of the Nomination Committee due to his work arrangement. Upon the resignation of Mr. Zhou Jie, he will no longer hold any positions in the company. The Board resolved to nominate Mr. Zhou Jun as a non-executive director candidate for the sixth session of the Board. Mr. Zhou Jun is an economist. Mr. Zhou has over 20 years of professional experience in securities, merger and acquisition, finance, real estate, project planning and corporate management. He has been the vice chairman and the chief executive officer since August 2016, and the executive director of Shanghai Industrial Holdings Limited since April 2009 respectively. He also served as the chairman of Shanghai Shengtai Investment and Management Limited since June 2014, and has been the independent non-executive director of Zhejiang Expressway Co., Ltd.