Reference is made to the announcement of Hengtai Securities Co. Ltd. dated 20 September 2019 in relation to, among others, the poll results of the extraordinary general meeting held on 20 September 2019, the changes of members of the board of directors and board committees and the changes of members of the supervisory committee. As previously disclosed, the proposed appointments of Mr. Xie Deren and Mr. Dai Genyou as independent non-executive directors of the Company (the "Independent Non- executive Director(s)") and Mr. Chen Feng as a shareholder representative supervisor of the Company (the "Shareholder Representative Supervisor") were considered and approved at the 2019 second extraordinary general meeting of the Company held on 20 September 2019. However, the qualifications of Mr. Xie Deren and Mr. Dai Genyou as directors were subject to the approval of relevant governmental authorities of the People's Republic of China (the "PRC"), and their terms of office would commence from the date of approval by the relevant governmental authorities of the PRC and end at the expiry of the fourth session of the board of directors of the company. The qualification of Mr. Chen Feng as a supervisor was subject to the approval of relevant governmental authorities of the PRC, and his term of office would commence from the date of approval by the relevant governmental authorities of the PRC and end at the expiry of the fourth session of the supervisory committee of the company. Accordingly, the appointments of Mr. Xie Deren and Mr. Dai Genyou as the Independent Non-executive Directors, and the appointment of Mr. Chen Feng as the Shareholder Representative Supervisor became effective from 21 January 2020. Meanwhile, Ms. Zhou Jianjun shall resign as an Independent Non-executive Director, the chairman of the Audit Committee and the Remuneration and Nomination Committee of the Company, Mr. Lv Wendong shall resign as an Independent Non-executive Director, and Ms. Pei Jingjing shall resign as a Shareholder Representative Supervisor with effect from 21 January 2020.
Hengtai Securities Co., Ltd. is principally engaged in the security and brokerage businesses. The Company has five business segments. The Brokerage and Wealth Management is engaged in the trading of stocks, funds, bonds and futures and the provision of investment and financing solution services. The Investment Banking is engaged in the provision of corporate finance services, including financial advisory, equity underwriting and debt underwriting services, as well as New Over-the-Counter Board-related services. The segment is also engaged in the provision of services for companies to enter into National Equities Exchange and Quotations (NEEQ) for share quotation and transfer. The Proprietary Trading is engaged in the trading of equities, bonds, funds and derivatives. The Investment Management is engaged in asset management, private equity investment and alternative investment businesses. The Other is mainly engaged in other related operations of head office.
HENGTAI SECURITIES CO., LTD. 
