Shanghai Pharmaceuticals Holding Co. Ltd. received a written resignation from Mr. ZHOU Jun, pursuant to which Mr. ZHOU Jun has resigned as the Chairman of the Company, a non-executive director, convener and member of the Strategy Committee of the Board and all other positions held at the Company and its subsidiaries, as he is unable to dedicate sufficient time to fulfill his duties due to personal matters, taking effect from 18 November 2023. Upon his resignation, Mr. ZHOU Jun will no longer hold any position in the Company or any of its subsidiaries.

Pursuant to the provisions of the articles of association of the Company, the Vice Chairman of the Company will temporarily act as Chairman for the transitional period. The Company will perform the corresponding procedures for by-election of the director and election of the new Chairman of the Company in accordance with the relevant provisions of applicable laws and regulations and the articles of association of the Company as soon as possible.