The board (the "Board") of directors (the "Directors") of Central China Securities Co., Ltd. (the "Company") received a written resignation report from Mr. Hua Jinzhong, the vice general manager and a member of the Executive Committee of the Company, on 28 August 2023. Mr. Hua Jinzhong tendered his resignation as the vice general manager and a member of the Executive Committee of the Company due to personal work arrangements. His resignation report will take effect from the date (i.e. 28 August 2023) of delivery to the Board.

Mr. Hua Jinzhong will cease to hold any position in the Company upon his resignation. His resignation will not have any impact on the operational management of the Company. As of the date of this announcement, Mr. Hua Jinzhong does not hold any shares in the Company.

Mr. Hua Jinzhong has confirmed that he has no disagreement with the Board and there is no other matters that need to be brought to the attention of the shareholders of the Company. Mr. Hua Jinzhong joined the Company in April 2018 and has successively served as the chief compliance officer, vice general manager and a member of the Executive Committee of the Company. During his tenure of office, he was diligently and conscientiously in performing his duty and made important contributions in strengthening the Company's compliance management, preventing and mitigating risks, and promoting the development of investment banking business.

In particular, he has achieved outstanding results in improving the Company's classification rating and the quality of investment banking practice, which has effectively promoted the business development of the Company.