On 26 January 2017, Mr. Ye Guohua, former Director, Executive Director, member of the Remuneration and Appraisal Committee, Vice President and Chief Financial Officer of Sinopec Shanghai Petrochemical Company Limited requested to resign from his position as a Director, Executive Director, member of the Remuneration and Appraisal Committee, Vice President and Chief Financial Officer due to a new working arrangement. The resignation of Mr. Ye will not lead the board of directors of the Company to have less than the legally required number of directors.