Reference is made to the announcement published by GF Securities Co., Ltd. on September 14, 2018, which disclosed that Mr. Li Yanxi, an independent non-executive director of the company, intended to resign as a director of the company, and his resignation would become effective when a new independent non-executive director is appointed upon the consideration and approval by the general meeting of the company, the relevant qualification for him/her to serve as a director of a securities company is obtained and he/she formally assumes the role as a director of the company. Reference is also made to the announcement published by the company on November 5, 2018 in relation to the poll results of the 2018 first extraordinary general meeting of the company, which disclosed that the resolution regarding the election of Mr. Fan Lifu as an independent non-executive director of the company was duly passed as an ordinary resolution, and the qualification of Mr. Fan Lifu has been approved by the Guangdong Bureau of the China Securities Regulatory Commission. Accordingly, since November 5, 2018, Mr. Fan Lifu formally assumed the role as an independent non-executive director of the Company, and Mr. Li Yanxi formally resigned as an independent non-executive director of the company. In order to guarantee the standard operation of the Audit Committee and the Remuneration and Nomination Committee of the Ninth Session of the Board of Directors of the company, and the fulfillment of their functions in the decision-making process of the Company, at the meeting of the Board convened on November 5, 2018, Mr. Fan Lifu was elected as a member of the Audit Committee and the Remuneration and Nomination Committee of the Ninth Session of the Board according to the relevant provisions of the articles of association of the company.