Central China Securities Co., Ltd. announced that the term of office of Mr. NING Jincheng as an independent non-executive director of the company will reach 6 years on March 30, 2021. As the cessation of service of Mr. NING Jincheng will result in the number of independent non-executive directors of the sixth session of the board of directors of the company being less than one-third of all members of the Board, in accordance with the above-mentioned requirements, Mr. NING Jincheng will cease to serve as an independent non-executive director of the company upon the coming into effect of the appointment of the new independent non-executive director. After he ceases to serve as an independent non-executive director of the company, Mr. NING Jincheng will also no longer serve as a member of the Remuneration and Nomination Committee under the Board and a member of the Risk Control Committee under the Board. Until then, Mr. NING Jincheng will continue to perform his duties as an independent non-executive director of the company and a member of the relevant specialized committees under the Board in accordance with relevant laws, regulations and the Articles of Association.