Haitong Securities Co., Ltd. announced that at its EGM held on 12 October 2023, the shareholders approved election of Mr. Shi Lei as a non-executive director, Mr. Fan Ren Da Anthony, Mr. Mao Fugen and Mr. Mao Huigang as an independent non-executive directors company. Mr. Zhou Donghui, Mr. Zhang Ming, Mr. Lam Lee G. and Mr. Zhu Hongchao did not act as directors or members of board committees under the board due to the election of new session of the board. They have confirmed that there is no disagreement with the board and there are no matters concerning their respective retirement that need to be brought to the attention of the Shareholders.

Mr. Shi Lei was born in 1982 and is a holder of bachelor's degree and a senior accountant. Mr. Shi Lei has been a non-executive Director since 12 October 2023. Mr. Shi Lei has been serving as the director of the finance department of Shanghai Tobacco Group Co., Ltd. since August 2022.

Mr. Shi Lei served as an auditor of the audit office, assistant to the section chief, deputy section chief (in charge of the work) and assistant to the director of Shanghai Tobacco Group Co., Ltd. from July 2004 to April 2017; a deputy general manager of Shanghai Tobacco Group Jing'an Tobacco Sugar and Liquor Co., Ltd. from April 2017 to April 2018; a deputy general manager of Shanghai Tobacco Group Huangpu Tobacco Sugar and Liquor Co., Ltd. from April 2018 to October 2019; and a deputy director of the finance department of Shanghai Tobacco Group Co., Ltd. from October 2019 to August 2022. Mr. Fan Ren Da Anthony was born in 1960 and is a holder of doctor's degree in economics. Mr. Fan Ren Da Anthony has been an independent non-executive Director since 12 October 2023.

Mr. Fan Ren Da Anthony has been the chairman of the board of directors and managing director of AsiaLink Capital Limited since October 2003, an executive director of Tenfu (Cayman) Holdings Company Limited since May 2021 and a non-executive director of Hilong Holding Limited since July 2022. Mr. Fan Ren Da Anthony is also an independent non-executive director of Uni-President China Holdings Ltd., Shanghai Industrial Urban Development Group Limited, CITIC Resources Holdings Limited, Technovator International Limited, China Dili Group, Neo-Neon Holdings Limited, Hong Kong Resources Holdings Company Limited and China Development Bank International Investment Limited, the above-mentioned companies are listed on the Hong Kong Stock Exchange. Mr. Fan Ren Da Anthony is an independent non-executive director of Semiconductor Manufacturing International Corporation.

Mr. Fan Ren Da Anthony is the chairman of the Asian Independent Non-Executive Directors Association. Mr. Mao Fugen, was born in 1963 and is a holder of doctor's degree in economics and a professor. Mr. Mao Fugen has been an independent non-executive Director since 12 October 2023.

Mr. Mao Fugen has successively served as the lecturer, deputy professor and professor of the School of Accounting of Xiamen University from January 1990 till now. Mr. Mao Fugen has been serving as an independent director of AviChina Industry & Technology Company Limited from May 2021 till now, Zhonghong Pulin Medical Products Co., Ltd. from July 2021 till now, Huatai United Securities Co., Ltd. from October 2019 till now and Unicom Intelligent Network Technology Co., Ltd. since April 2023. Mr. Mao Huigang, was born in 1972 and is a holder of master's degree in laws.

Mr. Mao Huigang has been an independent non-executive Director since 12 October 2023. He has been working at Shanghai Jin Mao Law Firm since September 1994, where he has served as a lawyer, partner, managing partner and director. Mr. Mao Huigang is also a member of the Standing Committee of the Third Session of National People's Congress of Huangpu District, Shanghai, an arbitrator of the Shanghai International Economic and Trade Arbitration Commission, an arbitrator of the Shanghai Arbitration Commission, a councilor of the Shanghai Bar Association and a director of the Social Responsibility Promotion Committee and the Arbitration Practice Research Committee of the Shanghai Bar Association.

Mr. Mao Huigang has been serving as an independent director of Shanghai Rural Commercial Bank Co., Ltd. from April 2017 till now and Bright Dairy & Food Co., Ltd. from December 2020 till now.