The Board of Directors of Hengtai Securities Co. Ltd. announced that, the resolutions in relation to the election of members of the special committees of the Board have been considered and approved at the Board meeting held on 23 March 2020, pursuant to which, the election of Mr. Yu Lei, a non-executive director of the company, as a member of the Strategy and Investment Committee of the fourth session of the Board, the election of Mr. Dai Genyou, an independent non-executive director of the company, as a member of the Risk Control and Supervisory Committee of the fourth session of the Board, the election of Mr. Xie Deren, an independent non-executive director of the company, as a member and the chairman of the Remuneration and Nomination Committee of the fourth session of the Board, the election of Mr. Xie Deren, an independent non-executive director of the company, as a member and the chairman of the Audit Committee of the fourth session of the Board and the election of Mr. Wang Linjing, a non-executive director of the Company, as a member of the Audit Committee of the fourth session of the Board were approved. Their terms of office shall commence from the date on which the resolutions are considered and approved at the Board meeting and end on the date of expiry of the term of office of the fourth session of the Board.