The board of directors of China Merchants Securities Co., Ltd. announced that Mr. LIU Chong ("Mr. LIU") has tendered his resignation from his positions as a non-executive Director of the Company and a member of each of the Strategy and Sustainability Committee and Risk Management Committee under the Board with effect from November 20, 2023, as he is unable to devote sufficient time to perform his duties due to personal commitments. Mr. LIU has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders and creditors of the Company.