The board of directors of Guotai Junan Securities Co., Ltd. recently received the written resignation from Mr. HE Qing, the chairman of the Board. Due to work adjustment, Mr. HE Qing tendered his resignation as the chairman of the sixth session of the Board, the director, the chairman of the strategy and ESG committee of the Board, the authorized representative (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited), and all the other positions of the Company, taking effect from the date of this announcement. Since Mr. HE Qing joined the company in September 2019, he has been leading the Company and all employees to actively seize the opportunities of Shanghai's regional pilot comprehensive reform of state-owned assets and state-owned enterprises, coordinate and promote the party building and operational management, research and propose the development strategy of "three three-years in three steps", consistently focus on the vision and goal of "a respected, comprehensively pioneering and internationally competitive modern investment bank ", insist on seeking motivation from reform, vitality from talents, efficiency from management, and development from innovation, and continue to solidify the building of the three core competence pillars of "comprehensive service platforms, leading digital technology and sound compliance culture" and accelerate and cultivate the leading development advantages of the five major finance of "fin-tech, inclusive finance, regional finance, green finance and cross-border finance", sparing no efforts to create a new situation for high-quality development, which further consolidated and enhanced the competitive advantages of the Company in the industry.