Hengtai Securities Co. Ltd. announced that as approved by the Shareholders at the EGM, Mr. Yu Lei and Mr. Wang Linjing were appointed as non-executive Directors, whose terms of office commenced from the date of the EGM and shall end at the expiry of the term of the fourth session of the board of directors of the Company. In addition, as approved by the Shareholders at the EGM, Mr. Xie Deren and Mr. Dai Genyou were appointed as independent non-executive Directors. However, the qualifications of Mr. Xie Deren and Mr. Dai Genyou as Directors are still subject to approval by the relevant governmental authorities of the PRC, and their terms of office will commence from the date of approval by the relevant governmental authorities of the PRC and shall end at the expiry of the term of the fourth session of the board of directors of the Company. Mr. Zhang Tao resigned as a non-executive Director, a member of the Risk Control and Supervisory Committee and the Audit Committee with effect from the date of the EGM. Mr. Sun Chao resigned as a non-executive Director, a member of the Strategy and Investment Committee with effect from the date of the EGM. Ms. Zhou Jianjun shall resign as an independent non-executive Director, the chairman of the Audit Committee and the Remuneration and Nomination Committee with effect from the commencement date of the term of office of Mr. Xie Deren or Mr. Dai Genyou (whichever is earlier). Mr. Lv Wendong shall resign as an independent non-executive Director with effect from the commencement date of the term of office of Mr. Xie Deren or Mr. Dai Genyou (whichever is later).