China Merchants Securities : SUPPLEMENTARY ANNOUNCEMENT FOR 2017 ANNUAL REPORT

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(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6099)

SUPPLEMENTARY ANNOUNCEMENT

FOR 2017 ANNUAL REPORT

Reference is made to the annual report of China Merchants Securities Co., Ltd. (the "Company") for the year ended December 31, 2017 (the "Annual Report"). Unless otherwise defined, capitalised terms used herein shall bear the same meanings as those defined in the Annual Report.

The Company would like to provide additional information in relation to the remuneration of the senior management and employee representative supervisors for 2017.

As approved by the Remuneration and Appraisal Committee under the Board of the Company, the remaining portion of the remuneration before tax of the senior management who received remuneration from the Company for 2017, is as follows:

Name	Position
HUO Da	Chairman of the Board
WANG Yan	Executive Director, president and
	chief executive officer
ZHOU Linda Lei	Chairman of the Supervisory Committee
XIONG Jiantao	Executive Director, chief operating officer
	and vice president
DENG Xiaoli	Vice president and chief risk officer

Unit: RMB10,000

Remaining portion of the remuneration before tax for 2017

3.92

318.75

209.18

254.10

243.72

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		Unit: RMB10,000
		Remaining portion
		of the remuneration
Name	Position	before tax for 2017
SUN Yizheng	Vice president	193.34
LI Zongjun	Vice president	143.94
WU Huifeng	Secretary to the Board	148.13
ZHAO Bin	Chief compliance officer	307.94
GONG Shaolin	Former chairman of the Board	2.68
DING Edward An Hua	Former vice president	5.00

Notes:

1. According to the relevant regulations, more than 40% of the annual performance-based remuneration payable to the above-mentioned senior management are subject to deferred payment, which shall be deferred for a term of not less than 3 years. The actual remuneration distributed in 2017 shall include two parts comprised of the accrued and payable remuneration attributable to 2017 and the remuneration attributable to 2014, 2015 and 2016 deferred to be distributed in 2017; the aforesaid remaining portion of the remuneration before tax for 2017 excludes the remuneration which has been disclosed in the 2017 Annual Report.
2. The above positions represent the positions of the senior management of the Company for 2017.
3. HUO Da has served as the Chairman of the Board of the Company since May 26, 2017.
4. WANG Yan resigned from his positions as an executive Director, the president and chief executive officer of the Company on August 17, 2018.
5. XIONG Jiantao served as the vice president of the Company from December 2005 to December 2018, the chief operating officer of the Company from May 2017 to December 2018, an executive Director of the Company since May 2017, the president of the Company since December 2018, and the chief information officer of the Company since July 2019.
6. DENG Xiaoli ceased to be the chief risk officer of the Company since December 17, 2018.
7. SUN Yizheng resigned as a vice president of the Company on November 23, 2018.
8. WU Huifeng has served as a vice president of the Company since November 23, 2018.
9. ZHAO Bin ceased to be the chief compliance officer of the Company since December 17, 2018 and has served as a vice president of the Company since November 23, 2018. In the above table, the remuneration before tax of ZHAO Bin for 2017 shall include the remuneration earned prior to his appointment as the chief compliance officer and the distribution was deferred to 2017.
10. GONG Shaolin ceased to act as the chairman of the Board of the Company on May 26, 2017.
11. DING Edward An Hua resigned from his position as a vice president of the Company on April 2017.

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In addition, the remaining portion of the remuneration before tax of the Company's employee representative supervisors for 2017 is as follows:

		Unit: RMB10,000
		Remaining portion
		of the remuneration
Name	Position	before tax for 2017

YIN Hongyan	Employee representative supervisor and
	general manager of retail brokerage headquarter
	and operation and administration department
HE Min	Employee representative supervisor and deputy
	general manager of finance department
XIONG Zhigang	Employee representative supervisor and
	general manager of audit department
ZHAN Guifeng	Former employee representative supervisor and
	deputy general manager of investment banking
	headquarter
Notes:

493.81

214.14

376.62

124.05

1. The above are the employee representative supervisors of the Company for 2017 and their positions at the end of the year.
2. YIN Hongyan is the employee representative supervisor of the fifth and sixth session of the Supervisory Committee of the Company; and she served as the general manager of retail brokerage headquarter and operation and administration department from August 2017 to August 2018 and has served as the general manager of human resources department of the Company since August 30, 2018.
3. HE Min is the employee representative supervisor of the fifth and sixth session of the Supervisory Committee of the Company; and she has served as the general manager of finance department of the Company since February 23, 2019.
4. XIONG Zhigang was elected as the employee representative supervisor of the sixth session of the Supervisory Committee of the Company in May 2017 and has served as the general manager of audit department of the Company since December 4, 2017.
5. ZHAN Guifeng served as the employee representative supervisor of the fifth session of the Supervisory Committee of the Company from January to May 2017.

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6. The actual remuneration of employee representative supervisors distributed in 2017 represents the remuneration received from the Company during the terms of their appointment as supervisors, including two parts comprised of the accrued and payable remuneration attributable to 2017 and the remuneration attributable to 2014, 2015 and 2016 deferred to be distributed in 2017; the aforesaid remaining portion of the remuneration before tax for 2017 excludes the remuneration which has been disclosed in the 2017 Annual Report.

By Order of the Board

China Merchants Securities Co., Ltd.

HUO Da

Chairman

Shenzhen, the PRC

September 30, 2019

As at the date of this announcement, the executive directors of the Company are Mr. HUO Da and Mr. XIONG Jiantao; the non-executive directors of the Company are Ms. SU Min, Mr. SU Jian, Mr. XIONG Xianliang, Ms. PENG Lei, Mr. HUANG Jian, Mr. WANG Daxiong and Mr. WANG Wen; and the independent non-executive directors of the Company are Mr. XIANG Hua, Mr. XIAO Houfa, Mr. XIONG Wei, Mr. HU Honggao and Mr. WONG Ti.

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