Guolian Securities : ANNOUNCEMENT ON THE APPROVAL FOR THE ESTABLISHMENT OF GUOLIAN SECURITIES (HONG KONG) LIMITED

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company established in the People's Republic of China with limited liability)

(Stock Code: 01456)

ANNOUNCEMENT ON THE APPROVAL FOR THE ESTABLISHMENT OF GUOLIAN SECURITIES (HONG KONG) LIMITED

This announcement is made by Guolian Securities Co., Ltd. (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcements dated 11 December 2015 and 28 January 2016 respectively, and the supplemental circular of the Company dated 11 December 2015 in relation to proposed establishment of Hong Kong subsidiaries. Unless otherwise defined, capitalised terms herein shall bear the same meanings as those in the above announcements and circular.

Recently, the Company received the "Reply on the Approval for the Establishment of Guolian Securities (Hong Kong) Limited in the Hong Kong Special Administrative Region by Guolian Securities Co., Ltd." (Zheng Jian Xu Ke [2019] No. 2817)（《關於核准國聯證券股份有限公 司在香港特別行政區設立國聯證券（香港）有限公司的批覆》）（證監許可[2019]2817號） (the "Reply") from the CSRC, approving the Company to establish Guolian Securities (Hong Kong) Limited（國聯證券（香港）有限公司）("Guolian HK") with its own funds in Hong Kong with a registered share capital of HK$300 million.

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The Company will complete the registration of Guolian HK within 12 months from the date of the issuance of the Reply pursuant to the relevant requirements of the Reply and in accordance with the relevant laws and regulatory requirements of Hong Kong, and perform the reporting works to the CSRC accordingly.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Guolian Securities Co., Ltd.

Yao Zhiyong

Chairman

Wuxi, Jiangsu Province, the PRC

27 December 2019

As of the date of this announcement, the executive director of the Company is Mr. Ge Xiaobo; the non-executive directors of the Company are Mr. Yao Zhiyong, Mr. Hua Weirong, Mr. Zhou Weiping, Mr. Liu Hailin and Mr. Zhang Weigang; and the independent non-executive directors of the Company are Mr. Lu Yuanzhu, Mr. Wu Xingyu and Mr. Chu, Howard Ho Hwa.

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