The board of directors of Guotai Junan Securities Co., Ltd. announced that Mr. ZHANG Zhan has tendered his resignation as a non-executive director and a member of the Audit Committee of the Board due to his work adjustment, taking effect from the date of this announcement. Mr. ZHANG Zhan has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company.