Everbright Securities Company Limited received a resignation report from Mr. Cai Minnan, a non-executive director of the Company, on August 19, 2022. Due to work adjustment, Mr. Cai Minnan resigned from his positions as a non- executive director of the Company and a member of the strategy and sustainable development committee and risk management committee of the Board. Mr. Cai Minnan has confirmed that he has no disagreement with the Board, nor is there any other matter that needs to be notified to the shareholders of the Company due to the resignation.

On the same day, the Company received a nomination letter of the director from China Everbright Limited, on which Mr. Yin Yanwu has been nominated as a non-executive director of the Company in place of Mr. Cai Minnan.