China Merchants Securities Co., Ltd. at its AGM held on June 28, 2024, approved the appointment of Ms. CHEN Xin as an independent non-executive Director of the Company. Therefore, Ms. CHEN will serve as an Independent Non-executive Director of the eighth session of the Board with effect from June 28, 2024. The term of office of Ms. CHEN shall expire at the end of the term of eighth session of the Board. Pursuant to the Articles of Association, Ms. CHEN is eligible for re- election upon expiry of her term of office. Upon expiration of his terms of office, Mr. XIANG Hua ("Mr. XIANG") resigned from his positions as an Independent Non- executive Director, the chairman of the Remuneration and Appraisal Committee under the Board, a member of each of the Strategy and Sustainability Committee and the Risk Management Committee under the Board, but will continue to perform such duties until a new Independent Non-executive Director is appointed at the shareholders' general meeting of the
Company. Since the appointment of Ms. CHEN as an Independent Non-executive Director has been approved by the Shareholders at the AGM, Mr. XIANG will no longer serve as an Independent Non-executive Director, the chairman of the Remuneration and Appraisal Committee under the Board, a member of each of the Strategy and Sustainability Committee
and the Risk Management Committee under the Board with effect from June 28, 2024. Mr. XIANG has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Shareholders and creditors of the Company. Ms. CHEN has been appointed as the chairman of the Remuneration and Appraisal Committee under the Board, a member of each of the Strategy and Sustainability Committee and the Risk Management Committee under the Board with effect from June 28, 2024. The Strategy and Sustainability Committee, the Risk Management Committee and the Remuneration and Appraisal Committee under the Board shall comprise the following Directors from June 28, 2024: Strategy and Sustainability Committee: Chairman: Mr. HUO Da. Members: Mr. ZHANG Jian, Mr. DENG Weidong, Mr. WU Zongmin, Mr. ZHANG Mingwen, Ms. DING Lusha and Ms. CHEN Xin. Risk Management Committee: Chairman: Mr. ZHANG Jian
Members: Mr. LIU Weiwu, Mr. WU Zongmin, Mr. MA Boyin, Mr. ZHANG Mingwen, Ms. DING Lusha and Ms. CHEN Xin. Remuneration and Appraisal Committee: Chairman: Ms. CHEN Xin. Members: Mr. ZHANG Jian, Mr. LI Xiaofei, Mr. YIP, Ying Chi Benjamin and Mr. FENG Jinhua. The number of members of the Supervisory Committee of the Company has been adjusted from
nine to six, including four shareholders' representative Supervisors and two employees' representative Supervisors, with effect from the conclusion of the AGM. In view of the aforesaid adjustment of the composition of the Supervisory Committee, Mr. ZOU
Qun ("Mr. ZOU") and Mr. WANG Jianping ("Mr. WANG") have tendered their resignation as Supervisors of the Company with effect from June 28, 2024.