Haitong Securities Co., Ltd. at its AGM held on June 16, 2023, considered and approved the proposal of the proposed appointment of Ms. Xiao Hehua as a non-executive director of the Company. Ms. XIAO Hehua (Ms. Xiao), born in 1970, is a holder of master s degree in engineering and an economist. Ms. Xiao has been the chief financial officer and director of the financial management center of Bright Food (Group) Co., Ltd. since June 2018.

Ms. Xiao worked at Shanghai State-owned Assets Administration Office from September 1996 to February 2004, successively served as the senior staff member, principal staff member and deputy director of the valuation department. She worked at Shanghai State-owned Assets Supervision and Administration Commission from February 2004 to July 2017, successively served as the deputy director and director of the valuation management division, and during which she concurrently served as the director of Shanghai Municipal Asset Valuation Centre from September 2011 to August 2013. From July 2017 to June 2018, she served as the director of investment management of Shanghai United Assets and Equity Exchange Co., Ltd. Ms. Xiao has been a director of Shanghai Hongqiao International Commodity Import, Sales and Exhibition Co., Ltd. since November 2022.