China Everbright Group Ltd., the controlling shareholder of Everbright Securities Company Limited, nominated Mr. Ge Haijiao as the candidate of non-executive director of the Company. The board of directors of the Company considered and approved The Resolution on the Nomination of Mr. Ge Haijiao as a Candidate of Non-executive Director of the Board in the meeting of the Board held on January 17, 2017, pursuant to which the Board announces that Mr. Ge Haijiao has been nominated as a candidate of non-executive director of the Company. Mr. Ge is currently a deputy general manager and a member of the party committee of China Everbright Group Ltd. The Supervisory Committee of the Company received a resignation letter from Mr. Li Bingtao on January 16, 2017. Due to job changes, Mr. Li resigned from his position as an employee supervisor of the Company. The resignation of Mr. Li came into effect when Mr. Li's resignation letter was delivered to the Company.