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The board of directors consists of 7 directors, 2 of whom are executive directors, namely Wu Lei and Zhu Zhaokai, 2 are non-executive directors, namely Shao Jun and Lu Wen, and 3 are independent non-executive directors, namely Liu Yunhong , Du Zhaohui and Chen Xinyuan. Independent non-executive directors account for one-third of seats on the Board of Directors.

Wu Lei

Dr. WU is currently the secretary of the Party Committee, executive Director and chairman of the Board of the Company, the secretary of the Party Committee and chairman of the board of directors of Shanghai Electric Holding Group Co., Ltd. (上海電氣控股集團有限公司), and a representative to the 16th Shanghai Municipal People’s Congress. Dr. WU served as the deputy general manager of SAIC Motor Manufacturing Co., Ltd., assistant to chairman of SAIC Motor Corporation Limited, deputy general manager of Volkswagen Transmission (Shanghai) Co., Ltd., executive director of the finance department of Shanghai Automotive Industry Corporation (Group), member of the disciplinary inspection committee and chief financial officer of Shanghai Automotive Industry Corporation (Group), vice president of SAIC Motor Corporation Limited, deputy head of planning department at the Ministry of Industry and Information Technology of China (temporary post), deputy director of Shanghai Municipal Commission of Ec...

Zhu Zhaokai

Director, Deputy Secretary of the Party Committee and HR Manager of the Company. Mr. Zhu has extensive experience in power generation equipment manufacturing. Mr. Zhu served as the Deputy Secretary of the Party Committee and Secretary of the Commission for Discipline Inspection of Shanghai Electric Power Station Equipment Co., Ltd. Shanghai Turbine Works and Shanghai Turbine Works Co., Ltd. from 2001 to 2009, Secretary of the Party Committee and Executive Director of Shanghai Electric Power Station Equipment Co., Ltd. Shanghai Turbine Works and Shanghai Turbine Works Co., Ltd. from 2009 to 2011, and Secretary of the Party Committee of Shanghai Electric Power Generation Group since 2013. Mr. Zhu graduated from Hefei University of Technology with a bachelor's degree in engineering and obtained an EMBA degree from Shanghai Jiao Tong University. He is a senior economist.

Wang Chenhao

WANG Chenhao, aged 55, is currently the deputy secretary of the Party Committee, employee director, the chairman of the labor union of the Company, the chairman of the Shanghai Mechanical and Electrical Union, and the dean of Shanghai Electric Li Bin Technician College (Shanghai Smart Manufacturing Craftsman College). Mr. WANG served the deputy secretary of the disciplinary committee, assistant to the secretary of the Party Committee, the head of the Party Committee office and the head of the supervision office of Shanghai Knitwear Import and Export Co., Ltd. (上海市針織品進出口有限公司), assistant to the head of human resources department, assistant to the head of integrated business department, the deputy head of the supervision office, the deputy head of the asset operation department and the deputy head of the Party Committee work department of Orient International (Holding) Co., Ltd. (東方國際（集團）有限公司), the general manager of Shanghai Orient International Asset Management ...

Shao Jun

Non-executive Director of the Company, the general manager of the investment management departmentof Shenergy (Group) Company Limited, a director of Shanghai LNG Company Ltd., a director of Shenergy Co., Ltd., a director of Shanghai Shenergy Energy Service Co., Ltd., a director of Shanghai Jiulian Group Co., Ltd., the vice chairman of the board of directors of Shanghai Shenergy Nengchuang Energy Development Co., Ltd. and the vice chairman of the board of directors of Shanghai Port Energy Co., Ltd.. Mr. Shao served as the manager, senior manager and deputy director in the general manager office of the West-East Natural Gas Transmission Pipeline Branch of China National Petroleum Corporation, deputy researcher of energy development department and deputy director of the energy department of Shanghai Municipal Development Reform Commission, deputy manager of the investment management department of Shenergy (Group) Company Limited, deputy general manager of Shanghai Gas (Group) Co., Ltd., ...

Lu Wen

LU Wen is currently a non-executive Director of the Company, a member of the Party Committee, vice president, employee director and chairlady of the labor union of Shanghai State-owned Capital Investment Co., Ltd., a director of Arcplus Group PLC, a director of Shanghai Futeng Private Equity Fund Management Co., Ltd., a supervisor of Shanghai State-owned Capital Investment FOF Co., Ltd., a director and chairlady of board of directors of Comprehensive Reform Experimental Enterprise Management (Shanghai) Co., Ltd. and a supervisor of Shanghai SDIC Pioneer Private Equity Fund Management Co., Ltd. (上海國投先導私募基金管理有限公司). Ms. Lu served as an audit manager of PricewaterhouseCoopers Zhong Tian LLP, the deputy general manager of Shanghai Lingang Fengxian Economic Development Co., Ltd., the deputy general manager of Shanghai Industrial Zone Development Corporation, the executive deputy general manager of Shanghai Lingang Economic Development (Group) Investment Management Co., Ltd., ...

Liu Yunhong

Dr. Liu currently serves as an independent non-executive Director of the Company, the deputy head of the Institute of International MA and Investment of Renmin University of China and the head of Foresea Life Insurance (Shanghai) Research Institute, an independent director of Sinolink Securities Co., Ltd., an independent director of Everbright Securities Co., Ltd., an independent director of Bank of Guiyang Co., Ltd., an independent director of BOCOM International Trust Co., Ltd. (交銀國際信托有限公司), an adjunct professor and tutor of postgraduates of Renmin University of China, Shanghai University of Finance and Economics and East China University of Political Science and Law. Dr. Liu has served as the head of Legal and Compliance Division of Guotai Asset Management Co., Ltd., did postdoctoral research work at the Shanghai Stock Exchange, served as general manager of Investment Banking Department of Aerospace Securities Co., Ltd. and successively served as the general manager of the...

Du Zhaohui

Dr. DU Zhaohui, aged 59, is currently the independent non-executive Director of the Company, the dean and Distinguished Professor of the School of Mechanical and Power Engineering of Shanghai Jiao Tong University. He is also the executive director of the Chinese Dynamic Engineering Society (中國動力工程學會), and chairman of the Shanghai Engineering Thermophysics Society (上海市工程熱物理學會). Dr. DU was a postdoctoral researcher and guest researcher at Tokyo University in Japan, Seoul National University in Korea, and the University of Illinois Urbana-Champaign in the U.S.. Dr. DU was the executive vice dean of the Graduate School and the secretary of the Party committee of the School of Mechanical and Power Engineering of Shanghai Jiao Tong University. Dr. DU is engaged in the theoretical and experimental research on power machinery. In the past five years, he has presided over more than 20 projects of the National Natural Science Foundation of China, major projects of the National ...

Chen Xinyuan

Currently serves as a professor of accounting and the dean of the School of Advanced Accounting and Auditing at Shanghai University of Finance and Economics, is concurrently the director of the Guiding Committee on Education of Accounting of the Ministry of Education, the vice president of the Accounting Society of China and the president of the Accounting Society of Shanghai, and is currently an independent non-executive director of Semiconductor Manufacturing International Corporation (a company listed on the Shanghai Stock Exchange, stock code: 688981; and the Hong Kong Stock Exchange, stock code: 00981). He was formerly the vice president and the dean of the School of Accounting at the Shanghai University of Finance and Economics. Dr. CHEN has expertise in finance and accounting, auditing and risk management, and corporate governance. He has been awarded the honorary titles of the first Outstanding Faculty Award of the Ministry of Education, the National “May 1” Labour Medal, Sha...

The members of the Board of Directors come from diverse professional backgrounds and have expertise in corporate management, technology development, financial management, strategic investment, human resources management, etc. The independent non-executive directors of the Company are familiar with the rights and obligations of both directors and independent non-executive directors of listed companies. By adopting a prudent and responsible attitude and giving full play to their experience and expertise, the independent non-executive directors have made great efforts in improving corporate governance and deliberating on major decisions. They give pertinent and objective opinions on major issues and connected transactions of the Company, promoting the scientific and standardized decision-making of the Board of Directors and effectively safeguarding the interests of the Company and its shareholders.


The Board of Directors formulates the Group's overall development strategy, monitors its financial performance and maintains effective supervision of the management. The Board of Directors works to maximize the interests of shareholders over the long run and to coordinate the business objectives and development directions of the group with the current economic and market environment. Daily operation and management are entrusted to the management.


Nomination Committee

The Board of Directors of the Company has established a Nomination Committee. The Committee can nominate candidates for the Board of Directors according to the terms of reference of the Nomination Committee. Pursuant to the Articles of Association, the Company's shareholders can also nominate director candidates. The list of director candidates is proposed and submitted by the Company's Board of Directors to the Shareholders' Meeting of the Company for approval. Written notice of the nomination of a director candidate and the candidate's indication of his/her willingness to accept the nomination shall be sent to the Company no earlier than the date of the notice of shareholders' meeting and no later than the date of the shareholders' meeting. The period of nomination and acceptance of nomination shall not be less than 7 days.

The Company's Nomination Committee is composed of two independent non-executive directors, Du Zhaohui,Liu Yunhong, Lu Wen and Chen Xinyuan and an executive director, Wang Haochen. Du Zhaohui serves as the Chairman.

The Company's Nomination Committee is primarily responsible for establishing the criteria, procedures and methods for the selection of director candidates, proposing to the Board of Directors the selection of director candidates and determining the qualified candidates, optimizing the composition of board members, and improving the corporate governance structure.


Strategy Committee

The Company's Board of Directors has established a Strategy Committee that is composed of four members: Wu Lei, Zhu Zhaokai, Du Zhaohui and Chen Xinyuan . 

The Strategy Committee meets regularly and primarily deliberates on the strategic planning of the Company.


Audit Committee

The Company's Audit Committee is primarily responsible for reviewing and supervising the financial reporting procedure and the internal control system, reporting its findings and recommendations to the Board of Directors, reviewing quarterly, semi-annual and annual financial statements as well as connected transactions, and reviewing the appointment and remuneration of auditors and other matters.

The Company's Audit Committee is composed of three independent non-executive directors, Chen Xinyuan, Du Zhaohui and Liu Yunhong, and a non-executive director, Shao Jun. Mr.Chen Xinyuan serves as the Chairman. The working rules of the Audit Committee are revised in accordance with the latest securities listing rules issued by the Stock Exchange of Hong Kong Limited: the number of times the Audit Committee meets the auditor in the absence of the management is changed from at least once a year to at least twice a year, to discuss matters related to audit fees, any matters arising from the audit work, and other matters that the auditor would like to raise.


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