Haitong Securities Co., Ltd. announced that Mr. JIANG has tendered his resignation from the office of the secretary to the Board, a joint company secretary (the "Joint Company Secretary") and an authorised representative of the Company. The Board resolved to appoint Mr. PEI Changjiang ("Mr. PEI") as the secretary to the Board, the Joint Company Secretary, the Authorised Representative and the ESS Authorised Person. As at the date of this announcement, Mr. PEI ceased to act as the deputy general manager of the Company.

The Company has already applied to the Hong Kong Stock Exchange for the Waiver and will make further announcement to update the progress of obtaining of such approval. Mr. PEI will officially act as the Joint Company Secretary and the Authorised Representative from the date of obtaining the approval of the Waiver from the Hong Kong Stock Exchange. From 30 June 2023 to the date when Mr. PEI obtains from the Hong Kong Stock Exchange's approval for the Waiver, Mr. JIANG will continue to perform the duties of the Joint Company Secretary and the Authorised Representative.

The biography of Mr. PEI is as follows: Mr. PEI, born in 1965, is a holder of master's degree in economics. He is the vice chairman of the wealth management committee of the Company. Mr. PEI has served as a deputy general manager of the Company from August 2013 to June 2023.

From July 1993 to October 2002, Mr. PEI successively held various positions at Shenyin Wanguo Securities Co., Ltd. (formerly known as Shanghai International Securities Co., Ltd.), including a researcher of the research department, an assistant to the general manager of Zhabei business department, a general manager of Zhabei business department, a deputy general manager of Zhejiang management headquarters, and a deputy general manager of the brokerage headquarters. From October 2002 to August 2013, Mr. PEI successively served as the investment director of Fortune Trust & Investment Co., Ltd. and a director and the general manager of Fortune SGAM Fund Management Co., Ltd. Mr. PEI has been a director of Fullgoal Fund Management Co., Ltd. since August 2014, the chairman of the board of directors of Fullgoal Fund Management Co., Ltd. since March 2019, and the chairman of the board of directors of Shanghai Haitong Securities Asset Management Company Ltd. since November 2014. Mr. PEI served as the chairman of the board of directors of Haitong Futures Corporation from September 2015 to March 2016.

Mr. PEI has been the chairman of the board of directors of Haitong Futures Co., Ltd. since March 2016.