Shanghai City State-owned Assets Supervision and Administration Commission held a system cadre meeting. Zhang Wei, member of the Standing Committee of Shanghai Municipal Party Committee and Minister of Organization Department, attended the meeting and delivered a speech. The meeting announced the decision of the municipal party Committee on the adjustment of the main leaders of the municipal SASAC: comrade He Qing was appointed secretary of the Shanghai City State-owned Assets Supervision and Administration Commission of the Communist Party of China and approved as director of the Shanghai City State-owned Assets Supervision and Administration Commission. Guotai Junan previously announced that the Board of Directors of the Company recently received a written resignation submitted by Chairman He Qing, who applied for resignation as Chairman of the 6th Board of Directors, Director, Chairman of Strategy and ESG Committee and all other positions held in the Company due to work transfer.