The board of directors of GF Securities Co., Ltd. announced that it is proposed that Mr. Luo Binhua will cease to be the secretary to the Board and the joint company secretary of the company due to work requirement, however, he will remain as the deputy general manager of the company. The Board also announces that it is proposed that Mr. Xu Youjun will be appointed as the secretary to the Board and a joint company secretary of the company. Mr. Xu's appointment is subject to the obtaining of qualifications for serving as senior management of a securities company pursuant to the Regulatory Measures on Qualifications of Directors, Supervisors and Senior Management of Securities. Mr. Xu, born in January 1972. The major work experience of Mr. Xu includes: from July 1996 to August 1997, he was an employee of the development department of Guangzhou Transportation Real Estate company; from August 1997 to June 1998, he was an employee of the enterprise management department of Guangdong Zhujiang Investment company; from June 1998 to July 2004, he served as the manager of the investment banking department of Guangzhou Securities Company Limited; from July 2004 to February 2006, he served as the business manager of the investment banking department of the Company; from February 2006 to February 2009, he served as the assistant to the general manager of the Hubei headquarters of the company; from February 2009 to June 2015, he served as the assistant to the general manager of the investment banking department of the company, the assistant to the general manager of the investment banking general management department, and the executive director of the mergers and acquisitions department of the Company; and since June 2015, he has served as the general manager of the office of the Board and the securities affairs representative of the company.