Guolian Securities : CONSENT BY THE CSRC TO THE APPLICATION FOR THE RESUMPTION OF THE REVIEW PROCESS OF THE A SHARE OFFERING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company established in the People's Republic of China with limited liability)

(Stock Code: 01456)

CONSENT BY THE CSRC TO THE APPLICATION FOR THE RESUMPTION OF THE REVIEW PROCESS OF THE A SHARE OFFERING

This announcement is made by Guolian Securities Co., Ltd. (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 26 October 2018 in relation to the consent by the CSRC to the application for the suspension of the review process of the A share offering. Unless otherwise defined, capitalised terms herein shall bear the same meanings as those in the above announcement.

The board of directors (the "Board") of the Company announces that the Company has terminated the related work of H share refinancing after taking various factors into consideration. The Company had submitted the application to the CSRC for the resumption of the review process of A share offering and received a notice of consent to such application from the CSRC recently. So far, the review process of the initial public offering of the A share offering of the Company is resumed.

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Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Guolian Securities Co., Ltd.

Yao Zhiyong

Chairman

Wuxi, Jiangsu Province, the PRC

27 December 2019

As of the date of this announcement, the executive director of the Company is Mr. Ge Xiaobo; the non-executive directors of the Company are Mr. Yao Zhiyong, Mr. Hua Weirong, Mr. Zhou Weiping, Mr. Liu Hailin and Mr. Zhang Weigang; and the independent non-executive directors of the Company are Mr. Lu Yuanzhu, Mr. Wu Xingyu and Mr. Chu, Howard Ho Hwa.

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