Shanghai Electric Group Company Limited Announces Executive Changes
September 08, 2021 at 02:01 pm IST
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Shanghai Electric Group Company Limited announced the Due to the adjustment of duties and in accordance with the Company Law and the articles of association of the Company, Ms. Fu Rong will no longer serve as the Board Secretary or a member of the ESG Management Committee of the Company. The Company and the Board would like to express their gratitude to Ms. Fu Rong for her contribution to the development of the Company during her tenure. In accordance with the "Measures for Administration of Board Secretary of Listed Companies on the Shanghai Stock Exchange" and the "Work Regulations of the Board Secretary of Shanghai Electric Group Company Limited", Mr. Zhu Zhaokai, an executive director of the Company, shall perform as the Acting Board Secretary for a period from the date of approval by the Board to the date of appointment of a new Board Secretary by the Board. The Company will complete the process of appointment of the new Board Secretary pursuant to relevant regulations as soon as possible.
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.