The board of Southwest Securities International Securities Limited announced that, Mr. Xiong Xiaoqiang has resigned as an executive Director with effect from 26 March 2020. Mr. Xiong's resignation is due to his decision to devote more time to his other business commitments. Mr. Xiong has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the holders of the securities of the Company.