China Galaxy Securities Co., Ltd. has received the written resignation report from Mr. LIU Ruizhong on 13 December 2023. Mr. LIU Ruizhong has tendered his resignation from the position of independent non-executive director of the Company, chairman of the Nomination and Remuneration Committee of the Board (the "Nomination and Remuneration Committee"), member of the Strategy and Development Committee of the Board and member of the Audit Committee of the Board, with effect from 13 December 2023, as the term of office of Mr. LIU Ruizhong as an independent non-executive director has expired for reaching six years. Upon the resignation from the aforesaid positions, Mr. LIU Ruizhong will not hold any position in the Company and its controlled subsidiaries.