China Merchants Securities Co., Ltd. announced that, at the meeting held on December 22, 2025, the Board resolved to appoint Mr. LI Delin as a member of each of the Strategy and Sustainability Committee and the Remuneration and Appraisal Committee of the Board and the chairman of the Risk Management Committee, and to appoint Mr. MA Xiaoli as a member of the Risk Management Committee. Upon completion of the above adjustment, the members of the Strategy and Sustainability Committee, the Risk Management Committee and the Remuneration and Appraisal Committee of the eighth session of the Board are as follows: The Strategy and Sustainability Committee: Chairman: Mr. HUO Da, Members: Mr. ZHU Jiangtao, Mr. LIU Zhenhua, Mr. LI Delin, Mr. ZHANG Mingwen, Ms. DING Lusha and Ms. CHEN Xin. The Risk Management Committee:: Chairman: Mr. LI Delin, Members: Mr. ZHU Jiangtao, Ms. LUO Li, Mr. ZHANG Mingwen, Ms. DING Lusha, Mr. MA Xiaoli and Ms. CHEN Xin.
The Remuneration and Appraisal Committee: Chairperson: Ms. CHEN Xin, Members: Mr. LI Delin, Mr. LI Xiaofei, Mr. YIP, Ying Chi Benjamin and Mr. FENG Jinhua, The composition of other Board committees remains unchanged.
