The board of directors of GF Securities Co., Ltd. announced that the Company received a resignation letter from Ms. Liu Xuetao ("Ms. Liu"), a non-executive director of the Company, on September 18, 2020. Ms. Liu resigned the position as a non-executive director and a member of the Strategy Committee of the Board of the Company by reason of work adjustment. Ms. Liu's resignation became effective on the date of receipt of her resignation letter by the Company.