Guolian Securities Co., Ltd. announced that references are made to the circular of the company dated 29 April 2019 and the poll results announcement of the Company dated 13 June 2019, in relation to, among others, the election of Mr. Chu, Howard Ho Hwa as an independent non-executive Director of the fourth session of the Board of the Company. The Board hereby announced that, on 3 July 2019, the Company has obtained the approval document issued by the PRC securities regulatory authority on 27 June 2019, regarding the appointment of Mr. Chu, Howard Ho Hwa as an independent non-executive Director. Pursuant to the above approval document, the appointment of Mr. Chu, Howard Ho Hwa as an independent non-executive Director, a member of the Strategy Committee and a member of the Audit Committee of the Company has come into effect on 27 June 2019. Therefore, the resignation of Mr. Lee Pak Hay has become effective since 27 June 2019.