On 27 May 2024, the board of directors of Shanghai Pharmaceuticals Holding Co. Ltd. has received a written resignation from Mr. CHEN Fashu, pursuant to which Mr. CHEN Fashu has resigned as a non-executive director of the Company, a member of the Strategy Committee of the Board and all other positions due to adjustment of work arrangement, taking effect from 27 May 2024. Upon his resignation, Mr. CHEN Fashu will no longer hold any position in the Company or any of its subsidiaries.

Mr. CHEN Fashu confirmed to the Board that he has no disagreement with the Board and there are no other matters concerning his resignation that need to be brought to the attention of the shareholders of the Company.