The Board of Directors of Haitong International Securities Group Limited announced that Mr. Lee Yiu Wing, William will resign as an executive director and the joint managing director of the company with effect from September 1, 2012. Messrs. Wu Bin, Chen Chunqian and Hiroki Miyazato will resign as non-executive directors of the company with effect from September 1, 2012.

Mr. Ji Yuguang will resign as a member of the Audit Committee of the company with effect from September 1, 2012 but remain as a non-executive director, the chairman of the Board, the chairman of the Nomination Committee and the Strategic Development Committee as well as a member of the Remuneration Committee of the company. Ms. Wang Meijuan will be appointed as a non-executive director and a member of the Audit Committee of the company with effect from September 1, 2012. She is a senior accountant in the People's Republic of China and possesses the qualification of securities practitioner in the People's Republic of China.

Ms. Wang has worked as a lecturer for the department of management engineering of the Shanghai Institute of Building Materials and the senior manager of Da Hua Certified Public Accountants Co. Ltd. She has over 11 years of experience in the securities industry. From May 2001 to June 2003, Ms. Wang worked respectively as the assistant to general manager and the deputy general manager of the audit department of Haitong Securities Company Limited.

After joining Haitong Securities Co. Ltd. in July 2003, she has worked as the deputy general manager of the monitoring and audit department, the deputy general manager of the risk control headquarters and the chief inspector and the deputy general manager for risk control. From September 28, 2004 to May 12, 2011, Ms. Wang had been an independent non-executive director of Shanghai Forte Land Co.

Limited, the shares of which were listed on The Stock Exchange of Hong Kong Limited from February 2004 to 13 May 2011. Currently, Ms. Wang is respectively the director and the chief supervisor of Haitong Kaiyuan Investment Co. Ltd. and Haitong Futures Co.

Ltd., the group companies of Haitong Securities Co. Ltd., and a member of the Brokerage Business Committee of Haitong Securities Co. Ltd. and the general manager of the audit department of Haitong Securities Co.

Ltd.