The board of directors of China Merchants Securities Co., Ltd. announced that Ms. PENG Lei (Ms. PENG) has tendered her resignation from her positions as a non-executive director of the company and a member of each of the risk management committee, the remuneration and appraisal committee and the nomination committee under the board due to change in her work arrangements. The resignation of Ms. PENG from her positions as a non-executive director of the company and a member of each of the risk management committee, the remuneration and appraisal committee and the nomination committee under the Board shall take effect when the appointment of a new non-executive Director to fill the vacancies arising from Ms. PENG's resignation is approved at the general meeting of the company (the "General Meeting"), prior to which, Ms. PENG will continue to perform her duties as a non-executive Director of the company and a member of each of the aforesaid relevant special committees under the Board. The company further announced that Mr. LI Xiaofei (Mr. LI) has tendered his resignation from his position as a shareholders' representative supervisor of the company (the Supervisor) due to change in his work arrangements.

The resignation of Mr. LI from his position as a shareholders' representative supervisor of the company shall take effect when the appointment of a new shareholders' representative Supervisor to fill the vacancy arising from Mr. LI's resignation is approved at the General Meeting, prior to which, Mr. LI will continue to perform his duty as a shareholders' representative Supervisor of the company.