The board of directors of GF Securities Co., Ltd. announced that it was resolved at the seventh meeting of sixth session of the employee representatives of the Company on May 9, 2024 that Mr. Zhou Xitai and Ms. Yi Xinyu were elected as employee representative supervisors of the eleventh session of the supervisory committee of the Company. The biographies of Mr. Zhou Xitai and Ms. Yi Xinyu and other information relating to their appointments are set out in Appendix I to this announcement. The company convened the first meeting of the eleventh session of the Board on May 10, 2024, at which Mr. Lin Chuanhui was appointed as the chairman of the Eleventh Session of the Board of Directors.

The Company convened the first meeting of the Eleventh Session of the Supervisory Committee on May 10, 2024, at which Mr. Zhou Xitai was appointed as the chairman of the Eleventh Session of the Supervisory Committee, with effect from May 10, 2024. The Company proposed to appoint Mr. Yin Zhongxing as the secretary to the Board and joint company secretary of the Company to replace Mr. Xu Youjun at the first meeting of the Eleventh Session of the Board of Directors held on May 10, 2024. The formal fulfillment of the above duties by Mr. Yin is subject to his passing of the qualification test for senior management of securities firms and the Stock Exchange's waiver from the qualifications for appointment as company secretary.

Before the formal fulfillment of the above duties by Mr. Yin, the former secretary to the Board and joint company secretary, Mr. Xu has been designated to continue to perform the relevant duties. In addition, Mr. Xu will remain as the deputy general manager of the Company. The biography of Mr. Yin and other information relating to his appointment are set out in Appendix II to this announcement.

The appointment of Mr. Yin as a joint company secretary of the Company. After Mr. Yin's appointment becomes effective, Ms. Mok Ming Wai, the other joint company secretary of the Company who has the qualifications for company secretary as required under Rules 3.28 and 8.17 of the Listing Rules, will assist Mr. Yin to discharge his functions as a company secretary of the Company. The Company resolved to appoint Mr. Qin Li as the authorized representative of the Company under Rule 3.05 of the Listing Rules to replace Mr. Lin Chuanhui at the first meeting of the Eleventh Session of the Board of Directors held on May 10, 2024, with effect from May 10, 2024.

Zhou Xitai, male, was born in October 1964. Mr. Zhou Xitai has served as deputy secretary of the Party committee, secretary of the discipline inspection commission, chairman of the supervisory committee and employee representative Supervisor of the Company since January 2022, and chairman of the labor union of the Company since March 2022. His primary working experiences include: teaching assistant at the Guangzhou College of Traditional Chinese Medicine from July 1985 to October 1990, teaching assistant at the Party School of the Guangdong Provincial Committee from October 1990 to December 1990, cadre at deputy section level and cadre at section level of the eighth office of the Guangdong Provincial Committee from December 1990 to July 1995, principal staff member of the Futures Regulatory Commission of Guangdong Province from July 1995 to July 1996, principal staff member and deputy head of the supervision department of the Guangdong Office of the China Securities Regulatory Commission ("CSRC") from July 1996 to October 1998, deputy head of the supervision department, deputy director of the audit department and director of the first audit department of the Guangzhou City Securities Administration Office of the CSRC from October 1998 to February 2008, consultant of the legal department and director of the litigation review department of the CSRC from February 2008 to August 2010, member of the Party Committee and deputy captain of the General Inspection Taskforce of the CSRC from August 2010 to April 2015, secretary of the Party Committee and commissioner of the office for securities regulation in Shenzhen of the CSRC from April 2015 to January 2018, member of the Party Committee and deputy general manager of Huazheng Asset Management Co., Ltd. from February 2018 to October 2019, and member of the Party Committee and proposed deputy general manager of Jiantou Zhongxin Asset Management Co., Ltd. from October 2019 to May 2020.

Mr. Zhou Xitai has served as the secretary of the Party Committee of the Company from March 2021 to January 2022, and has served as a member of the Party Committee of Guangdong Non-public Economic Organizations since August 2021. Ms. Yi Xinyu obtained a bachelor's degree in law from East China University of Political Science and Law in July 2007 and a master's degree in law from Tsinghua University in July 2009. Ms. Yi Xinyu does not have any connected relationship with shareholders holding more than 5% of the shares of the Company, other Directors, supervisors or senior management of the Company.

She does not hold any shares of the Company. She has not been subject to any penalties imposed by the CSRC and other relevant authorities or disciplinary sanctions by any stock exchanges. She has not been investigated by judicial authorities due to suspected commission of offences, nor has she been investigated by the CSRC due to suspected violation of laws and regulations without a definitive conclusion being made.

She does not have any dishonest behaviors. She has not been publicly named by the CSRC on the securities and futures market platforms for public enquiry of information on illegal and dishonest acts or included by a People's Court in a list of dishonest persons subject to enforcement.Yin Zhongxing, male, was born in May 1987. Mr. Yin has served as the general manager of the office of the Board of the Company since September 2022.

His primary working experiences include: senior research assistant of Beijing Institute of Securities and Futures from July 2013 to August 2015, senior research assistant and member of the labor union of China Institute of Finance and Capital Markets from August 2015 to August 2017, assistant researcher, deputy secretary and secretary of the Youth League Committee of China Institute of Finance and Capital Markets from August 2017 to July 2020, and executive director of the Strategy Development Department of the Company from August 2020 to September 2022. Mr. Yin obtained a bachelor's degree in engineering from Beijing Forestry University in July 2010 and a master's degree in economics from Peking University in January 2014. Mr. Yin does not have any connected relationship with shareholders holding more than 5% of the shares of the Company, other Directors, supervisors or senior management of the Company.