China Merchants Securities Co., Ltd. announces that, the appointment of Mr. ZHANG Jian ("Mr. ZHANG") as a non-executive Director of the seventh session of the Board and the appointment of Mr. ZHU Liwei ("Mr. ZHU") as a shareholders' representative Supervisor of the seventh session of the Supervisory Committee have been approved by the Shareholders at the EGM by way of ordinary resolutions. Therefore, Mr. ZHANG will serve as a non-executive Director of the seventh session of the Board from August 25, 2023, and Mr. ZHU will serve as a shareholders' representative Supervisor of the seventh session of the Supervisory Committee from August 25, 2023. The term of office of Mr. ZHANG shall expire at the end of the term of the seventh session of the Board and the term of office of Mr. ZHU shall expire at the end of the term of the seventh session of the Supervisory Committee. The Board further announces that, Mr. ZHANG Jian, a non-executive Director of the Company, has been appointed as the chairman of the Risk Management Committee under the Board and
a member of the Remuneration and Appraisal Committee under the Board, with effect from August 25, 2023. Mr. WU Zongmin, an executive Director of the Company, will no longer
serve as the chairman of the Risk Management Committee under the Board from August 25, 2023, but will serve as a member of the Risk Management Committee under the Board. The Risk Management Committee under the Board and the Remuneration and Appraisal Committee under the Board shall comprise the following Directors from August 25, 2023: Risk Management Committee: Chairman: Mr. ZHANG Jian, Members: Mr. WU Zongmin, Mr. LIU Weiwu, Mr. LI Xiaofei, Mr. LIU Chong, Ms. DING Lusha and Mr. XIANG Hua. Remuneration and Appraisal Committee: Chairman: Mr. XIANG Hua, Members: Mr. ZHANG Jian, Mr. LI Xiaofei, Mr. XIONG Wei and Mr. FENG Jinhua.