GF Securities Co., Ltd. received a written resignation letter from Mr. Zhang Shaohua, the chairman of the supervisory committee and the employee representative supervisor of the Company. Mr. Zhang Shaohua tendered his resignation as the chairman of the supervisory committee and the employee representative supervisor of the tenth session of the supervisory committee of the Company by reason of work adjustment. Following his resignation, Mr. Zhang Shaohua continues to be a member of the advisory board of the company.