The board (the "Board") of directors (the "Director(s)") of Shenyang Public Utility Holdings Company Limited (the " Company ") announced that Mr. Ye Zhi E (" Mr. Ye") has tendered his resignation as a non-executive Director and the member of the remuneration committee of the Company (the "Remuneration Committee") due to his other personal commitments. In consideration of the re-designation of Mr. Chau Ting Yan ("Mr. Chau") as non-executive Director, the resignation of Mr. Ye will take effect from the date of the appointment of Mr. Huang Chunfeng ("Mr. Huang") in order to ensure the normal operation of the Board. The Board further announced that Mr. Chau, currently an executive Director, will be re-designated as a non-executive Director with effect from the date of the upcoming extraordinary general meeting of the Company (the "EGM") in replacement of Mr. Ye. Following the re-designation of Mr. Chau from the executive Director to a non-executive Director, Mr. Chau will become a member of the Remuneration Committee. The Board further announces that Mr. Huang, currently a chief executive officer of the Company, has been nominated as a candidate for election as an executive Director at the upcoming EGM, in replacement of Mr. Chau. The appointment of Mr. Huang will be subject to the approval of the Shareholders. Upon the appointment, Mr. Huang will continue to act as the chief executive officer of the Company. An EGM will be convened and held to approve, among others, the appointment of Mr. Huang as an executive Director.