Shanghai Industrial Holdings Limited announced that Mr. Zhang Qian, currently an Executive Director and a Deputy CEO of the Company has been re-designated as an Executive Director and the Chief Executive Officer of the Company with effect from 30 April 2024. Mr. Zhang, aged 50, is the executive vice president and the chief financial controller of Shanghai Industrial Investment (Holdings) Company Limited, executive vice president of SIIC Shanghai (Holdings) Ltd. and the chairman of Shanghai Galaxy Investment Co. Ltd., SIIC Investment Company Limited, SIIC Shanghai Capital Management Co.

Ltd. and SIIC Shanghai Group Finance Limited, and a director of certain other subsidiaries of the Group. He obtained a bachelor's degree in economics majoring in international corporate management and a master's degree in business administration and holds the designation of a senior economist. Mr. Zhang was a deputy general manager of Shenergy (Group) Co.

Ltd. and the deputy general manager and general manager of Shenergy Group Finance Co. Ltd. Mr. Zhang is currently a vice chairman of Shanghai Young Entrepreneurs Association and Shanghai Enterprise Federation and an executive director of The Hong Kong Chinese Enterprises Association. He has extensive experience in finance and corporate management.