The board of directors of Ping An Securities Group (Holdings) Limited announced that with effect from 11 June 2020, Mr. Yau Wai Lung ("Mr. Yau") has been appointed as an independent non-executive Director, the chairman of the Nomination Committee, as well as a member of the Remuneration Committee and the Audit Committee; Mr. Suen has been appointed as the chairman of the Remuneration Committee; Mr. Wong has been appointed as the chairman of the Audit Committee; and Mr. Cheung has been appointed to replace Mr. Lin as an authorized representative of the Company for the purpose of Rule 3.05 of the Listing Rules.