LUZHENG FUTURES : PROPOSED ELECTION OF NON-EXECUTIVE DIRECTOR

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LUZHENG FUTURES Company Limited

魯 証 期 貨 股 份 有 限 公 司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01461)

PROPOSED ELECTION OF NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of LUZHENG FUTURES Company Limited (the "Company") has passed a resolution of the election of a non-executive director on 10 May 2021. The Company hereby approves the nomination of Mr. LIU Xinyi as a candidate for the non-executive director of the Company. The appointment of Mr. LIU Xinyi is subject to the approval of the shareholders of the Company (the "Shareholders") at the 2020 annual general meeting (the "AGM").

The biographical details of Mr. LIU Xinyi as required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") are set out below:

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Mr. LIU Xinyi ( 劉 心 義) (without former name), aged 55, currently serves as the deputy general manager and chief manager of the retail business department of Zhongtai Securities Co., Ltd. ("Zhongtai Securities") ( 中 泰 證 券 股 份 有 限 公 司). From July 1988 to January 1999, Mr. LIU Xinyi served as a teaching assistant, lecturer, and deputy secretary of the general Party branch of the School of Electrical Engineering of Shandong Industry University (山東工業大學); served as an associate professor and the deputy secretary of Communist Youth League University Committee of Shandong Industry University ( 山 東 工 業 大 學) from January 1999 to August 2000; he successively served as the deputy secretary of Communist Youth League Committee and an employee of the human resources headquarter of Tiantong Securities Co., Ltd. ( 天同證 券有限責任公司) from August 2000 to January 2007; served as the deputy general manager of the business department of Zibo Commodity Street of Zhongtai Securities from January 2007 to January 2008; served as a senior business manager of the brokerage business headquarter of Zhongtai Securities from January 2008 to April 2010; served as the general manager of the Heze Dongming business department of Zhongtai Securities from April 2010 to May 2011; served as the deputy general manager of the customer service headquarter of Zhongtai Securities from May 2011 to February 2013; served as the deputy general manager of the retail business headquarter of Zhongtai Securities from February 2013 to April 2014; served as the deputy general manager of the wealth management business headquarter of Zhongtai Securities from April 2014 to February 2015; served as the deputy general manager of the wealth management department of Zhongtai Securities from February 2015 to May 2017; served as the deputy general manager of the brokerage business department of Zhongtai Securities from May 2017 to March 2021 and served as the deputy general manager and chief manager of the retail business department of Zhongtai Securities since March 2021. Mr. LIU Xinyi graduated from Shandong Industry University ( 山東工業大學) with a bachelor's degree in electrical technology in June 1988 and graduated from Tianjin University of Finance and Economics ( 天津財經大學)with a master's degree in business administration in June 2005.

Save as disclosed in this announcement, Mr. LIU Xinyi has confirmed that: (1) he had not held directorships in other listed companies in the past three years, nor had other major appointments and professional qualifications; (2) he had not held any positions with the Company and the Company's subsidiaries; (3) he had no relationship with any directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Company or any subsidiaries of the Company; (4) as at the date of this announcement, he does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (5) there is no other information required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and there are no other matters relating to his appointment that need to be brought to the attention of the Shareholders.

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If Mr. LIU Xinyi is appointed as a non-executive director of the Company, the Company will enter into a service contract with Mr. LIU Xinyi and his term of office is effective on the date of approval at the AGM and ends on the expiry of the third session of the Board of the Company. He is eligible for re-election and re-appointment upon expiry of his term. Mr. LIU Xinyi will not receive any director allowances from the Company.

The Company will convene the AGM to approve the election of the non-executive director. A circular containing (among other things) details of the election of the non-executive director will be despatched to the Shareholders as soon as practicable.

By order of the Board

LUZHENG FUTURES Company Limited

ZHONG Jinlong

Chairman

Jinan, the PRC

10 May 2021

As at the date of this announcement, the Board consists of Mr. ZHONG Jinlong and Mr. LIANG Zhongwei as executive directors, Mr. HU Kainan, Mr. MING Gang and Mr. LIU Feng as non-executive directors, and Mr. GAO Zhu, Mr. WANG Chuanshun, Mr. LI Dapeng and Mr. ZHENG Jianping as independent non-executive directors.

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