The board of Guotai Junan International Holdings Limited announced that Mr. LI Guangjie, who is currently an executive director of the company, has been appointed as the Chief Financial Officer of the Group with effect from December 8, 2017; and Mr. LAI Changhua, who is currently the executive director of Risk Management Department of the company, has been appointed as the Chief Risk Officer of the Group with effect from December 8, 2017. Mr. LI Guangjie is an executive director of the company. Mr. Li joined its group in November 2001 and was responsible for the supervision and management of the Group's sales team.

Mr. Li started his career at Shenzhen Jinpeng Certified Public Accountants as the deputy head of appraisal department and has over 25 years' experience in accounting, audit, taxation and asset appraisal. He is also an economist and a member of the Chinese Institute of Certified Public Accountants and a member of the Chinese Certified Tax Agents Association. Mr. LAI Changhua is currently the executive director of the Risk Management Department of the Company.

He joined the Group in October 2015. Before that, Mr. Lai held a management role in the risk management departments of several international investment banks, with over 20 years' experience in financial markets and risk management.