Guolian Securities Co., Ltd. announced that the board of directors of the company received a written resignation letter from Ms. Chen Qingyuan, an independent non-executive director, on 5 September 2018. Ms. Chen Qingyuan tendered her resignation to the Board as an independent non-executive director, a chairlady of the Audit Committee, a member of the Remuneration and Nomination Committee and a member of the Risk Control Committee of the Company because of her work arrangement. Pursuant to the relevant provisions as set out in laws and regulations and the articles of association, the resignation of Ms. Chen Qingyuan will cause the number of independent non-executive directors of the Company to fall below one-third of the members of the Board and to be less than three independent non-executive directors. Hence, Ms. Chen Qingyuan will continue to perform her duties as an independent non-executive director and a member of the committees under the Board until the by-election independent non-executive director and a member of the committees under the Board take up the office officially.