Shanghai Electric Group (02727) nominates Chen Xinyuan as a candidate for independent non-executive director of the fifth board of directors.

Shanghai Electric Group (02727) announced that Xu Jianxin has been appointed as an independent non-executive director of the company starting from November 14, 2019. As he has served as an independent non-executive director of the company for nearly six years, it has been agreed that Xu Jianxin will no longer hold the positions of independent non-executive director, member of the Strategic Committee, Chairman and member of the Audit Committee, member of the Nomination Committee, and member of the Remuneration Committee. It has been agreed to nominate Chen Xinyuan as a candidate for independent non-executive director of the company's fifth board of directors, with a term starting from the date of approval by the shareholders' meeting until the end of the term of office of the fifth board of directors. After Chen Xinyuan formally assumes the position of independent non-executive director of the company, he will also take on the roles of member of the Strategic Committee, Chairman and member of the Audit Committee, member of the Nomination Committee, and member of the Remuneration Committee.