The board of directors of GF Securities Co., Ltd. convened the 24th Meeting of the 9th Session of the Board by means of communication on December 27, 2019. The Board has agreed to establish the Nomination Committee of the Board; and the Remuneration and Appraisal Committee of the Board, and revoke the original Remuneration and Nomination Committee of the Board. The Board has considered and approved the members of the Nomination Committee and the Remuneration and Appraisal Committee. The Nomination Committee and the Remuneration and Appraisal Committee have also elected their chairman, the details of which are set forth as follows: Remuneration and Appraisal Committee: Mr. Tang Xin (Independent Non-executive Director) as Chairman, Mr. Yang Xiong (Independent Non-executive Director) as member, Mr. Fan Lifu (Independent Non-executive Director) as member, Mr. Qin Li (Executive Director) as member and Ms. Sun Xiaoyan (Executive Director) as member; and Nomination Committee: Mr. Sun Shuming (Executive Director) as member and Mr. Lin Zhihai (Executive Director) as member.