China Merchants Securities Co., Ltd. announces that, the appointments of Ms. DING Lusha ("Ms. DING") as a non-executive Director of the seventh session of the Board and Mr. PENG Luqiang ("Mr. PENG") as a shareholders' representative Supervisor of the seventh session of the Supervisory Committee have been approved by the Shareholders at the AGM by way of ordinary resolutions. Therefore, Ms. DING will serve as a non-executive Director of the seventh session of the Board with effect from June 30, 2023, and Mr. PENG will serve as a shareholders' representative Supervisor of the seventh session of the Supervisory Committee with effect from June 30, 2023. The term of office of Ms. DING shall expire at the end of the term of the seventh session of the Board and the term of office of Mr. PENG shall expire at the end of the term of the seventh session of the Supervisory Committee.