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(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6837) ANNOUNCEMENT ON PROPOSED ENGAGEMENT OF THE COMPANY IN OPTIONS BUSINESSES

Board of Directors (the "Board") of Haitong Securities Co., Ltd (the "Company") hereby announces that:
1. the Company has been approved to conduct the businesses of options brokerage, options trading and market maker of options;
2. the management of the Company has been authorized to apply for the operation qualification regarding the businesses of options brokerage, options trading and market maker of options in accordance with the regulatory requirements;
3. upon obtaining the operation qualification regarding the businesses of options brokerage, options trading and market maker of options, the management of the Company will be authorized to amend Articles of Association of the Company in compliance with the requirement of regulators and to handle the commerce registration of alternation of the Articles of Association of the Company, business scope, business and operation licenses in the event that there is any change in the Articles of Association of the Company, business scope, business and operation licenses;
4. the management of the Company has been authorized to formulate systems related to options businesses and establish the construction of options business department in accordance with the requirement for regulation and development of operation;
5. the own-founds for engaging options trading and market maker businesses have been allocated in the investment of self-operated equity securities and security derivatives of the Company in 2014 and the management of the Company has been authorized to decide the amount of funds to participate in options trading and market maker businesses according to requirement for business development and capability of the Company to undertake the risk;
6. the management of the Company has been authorized to make a provision for relevant capital and risks and perform the duty of making provision for the businesses related to options brokerage, options trading and market maker of options in accordance with the regulatory requirements; and
7. the management of the Company has been authorized to handle and participate in other issues related to options businesses.
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The necessity and/or content of the amendments to the Articles of Association depends on the Company's obtaining the qualification for the business mentioned above and the regulatory requirements. The Company will publish an announcement in due course after the management of the Company makes amendments to the Articles of Association.
The proposal will be submitted to the general meeting for consideration and approval. A circular containing details of the proposal will be dispatched to the Shareholders in due course.
By order of the Board

Haitong Securities Co., Ltd. WANG Kaiguo

Chairman

Shanghai, the PRC
11 April 2014

As at the date of this announcement, the executive director is M r. WANG Kaiguo; the non-executive directors are Mr. ZHUANG Guowei, Mr. ZHOU Donghui, Mr. HE Jianyong, Mr. ZHANG Jianwei, Mr. XU Chao, Mr. WANG Hongxiang, Mr. LI Gewei and Mr. FENG Huang; and the independent non-executive directors are Mr. XIA Bin, Mr. CHEN Qiwei, Mr. ZHANG Huiquan, Mr. ZHANG Ming, Mr. DAI Genyou, Mr. LIU Cheeming and Mr. Xiao Suining.

* For identification purpose only

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