Reference is made to the announcement of Haitong Securities Co., Ltd. dated 30 June 2023 in relation to the change of the secretary to the Board, the Joint Company Secretary, the Authorised Representative, as well as the ESS Authorised Person. As previously disclosed, the appointment of Mr. PEI Changjiang ("Mr. PEI") as the ESS Authorised Person has become effective since 30 June 2023. Therefore, the Company has applied, and the Hong Kong Stock Exchange, on 6 July 2023, has granted, the Waiver with respect to the appointment of Mr. PEI as the Joint Company Secretary for a period of three years from the date of his appointment (the "Waiver Period") on conditions that the Company engages Ms. WONG Wai Ling ("Ms. WONG"), the another Joint Company Secretary who is able to fully comply with the requirements set out under Note 1 to Rule 3.28 of the Hong Kong Listing Rules, to assist Mr. PEI and enable him to acquire the relevant experience to discharge the functions of a company secretary during the Waiver Period as required under Note 2 to Rule 3.28 of the Hong Kong Listing Rules; and the Waiver could be revoked if there are material breaches of the Hong Kong Listing Rules by the Company.

The Hong Kong Stock Exchange may withdraw or change the Waiver if the Company's situation changes. As soon as receiving the Waiver, the appointment of Mr. PEI as the Joint Company Secretary and the Authorised Representative took effect on 6 July 2023. Ms. WONG has over 10 years of experience in providing company secretarial services.

Ms. WONG is a vice president of SWCS Corporate Services Group (Hong Kong) Limited and is responsible for assisting listed companies in professional company secretarial work. Ms. WONG is an associate of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Ms. WONG will communicate regularly with Mr. PEI on matters relating to corporate governance, the provisions and requirements of the Hong Kong Listing Rules as well as other laws and regulations which are relevant to the Company.

Ms. WONG will also assist Mr. PEI in organising board meetings and shareholders' meetings of the Company as well as other matters of the Company which are incidental to the duties of a company secretary.