The board of directors of Hengtai Securities Co. Ltd. announced that Mr. Zhang Wei has resigned as a joint company secretary of the Company due to the work re- arrangement, which shall take effect from 30 June 2020. Upon his resignation as a joint company secretary of the Company, Mr. Zhang Wei shall continue to hold the position of a vice president of the Company. The Board also announces the appointment of Mr. Zhang Jingshun ("Mr. Zhang") in place of Mr. Zhang Wei as a joint company secretary of the Company with effect from 30 June 2020 . Ms. Leung Wing Han Sharon ("Ms. Leung"), the remaining joint company secretary of the Company, will continue to act as a joint company secretary of the Company.