China Merchants Securities Co.,Ltd. recently has received the Shenzhen Office of the China Securities Regulatory Commission's approval of Mr. WONG Ti as an Independent Director of a Securities Firm. Based on the aforesaid approval, the qualification of Mr. WONG Ti as an independent director of a securities firm has been approved. Accordingly, Mr. WONG Ti shall officially serve as an independent non-executive director of the Company with effect from 29 January 2018. Mr. WONG Ti shall also serve as a member of the audit committee and a member of the remuneration and appraisal committee of the board of directors. Mr. WONG Ti has served as the independent director of Fosun United Health Insurance Co. Ltd. since July 2017, the independent director of Asia- Pacific Property & Casualty Insurance Co. Ltd. since April 2016 and supervisor of Vivasolis Biotechnology Co. Ltd.