Orient Securities : ANNOUNCEMENT ON PRELIMINARY FINANCIAL DATA FOR THE FIRST QUARTER OF 2021

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock company incorporated in the People's Republic of China with limited liability under the Chinese corporate name "東方證券股份有限公司" and carrying on business

in Hong Kong as "東方證券" (in Chinese) and "DFZQ" (in English))

(Stock Code: 03958)

ANNOUNCEMENT ON PRELIMINARY FINANCIAL DATA

FOR THE FIRST QUARTER OF 2021

This announcement is made by 東 方 證 券 股 份 有 限 公 司 (the "Company") pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Listing Rules.

The major financial data for the first quarter of 2021 as set out in this announcement is preliminary accounting data, which has not been audited by an accounting firm. The specific data should be those to be disclosed in the 2021 first quarterly report of the Company (the "2021 First Quarterly Report"). Investors are advised to pay attention to such investment risks involved.

1. MAJOR FINANCIAL DATA AND INDICATORS FOR THE FIRST QUARTER OF 2021 Unit: RMB'0,000

		The
		corresponding
	The reporting	period of	Increase or
Item	period	previous year	decrease (%)
Total operating revenue	519,309.08	382,731.53	35.68
Operating profit	134,810.01	90,843.87	48.40
Total profit	143,937.63	101,868.20	41.30
Net profit attributable to the shareholders
of the listed company	117,631.87	81,308.42	44.67
Net profit after non-recurring profit or
loss attributable to the shareholders
of the listed company	110,730.30	72,906.70	51.88
Basic earnings per share (RMB)	0.16	0.12	33.33
Weighted average return on net assets (%)	2.03	1.49	Increased by 0.54
			percentage point

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	As at the end of
	the reporting	As at the end of	Increase or
	period	previous year	decrease (%)
Total assets	30,857,474.14	29,111,744.16	6.00
Equity attributable to the shareholders of
the listed company	6,133,048.67	6,020,285.09	1.87
Share capital	699,365.58	699,365.58	0.00
Net assets per share attributable to
the shareholders of
the listed company (RMB)Note	8.77	8.61	1.86

Note: net assets per share attributable to the shareholders of the listed company as at the end of the reporting period shown in the above table include existing perpetual subordinated bonds of the Company. Excluding the effect thereof, net assets per share attributable to the ordinary shareholders of the listed company as at the end of the reporting period shall be RMB8.05 (as at the end of previous year: RMB7.89).

1. DETAILS OF OPERATING RESULTS AND FINANCIAL POSITIONS
   In the first quarter of 2021, the securities market curbed at a high level after an upsurge with increased volatility and relatively high trading volume in the market. In the face of the ever-changing market environment, the Company stayed committed to steady operation and achieved solid operating results in asset management, wealth management and investment banking businesses.

During the reporting period, the Company achieved operating revenue of RMB5,193 million and net profit attributable to shareholders of the listed company of RMB1,176 million, representing an increase of 35.68% and 44.67% over the same period of last year, respectively, which were primarily due to the year-on-year increase of net income from handling fee of asset management, brokerage and investment banking businesses.

1. RISK WARNINGS
   The major financial data for the first quarter of 2021 as set out in this announcement, which is preliminary accounting data, may be different from the data to be disclosed in the 2021 First Quarterly Report, but it is expected that the abovementioned difference would not exceed 10%. Investors are advised to pay attention to such investment risks involved.

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IV. DOCUMENTS AVAILABLE FOR INSPECTION

The comparative balance sheet and income statement which are signed and sealed by Mr. JIN Wenzhong, the current legal representative of the Company, Mr. ZHANG Jianhui, the accounting chief, and Mr. YOU Wenjie, person-in-charge of the accounting department of the Company.

By order of the Board of Directors

Chairman

JIN Wenzhong

Shanghai, PRC

April 26, 2021

As at the date of this announcement, the Board of Directors comprises Mr. SONG Xuefeng and Mr. JIN Wenzhong as executive Directors; Mr. YU Xuechun, Mr. LIU Wei, Mr. ZHOU Donghui, Mr. CHENG Feng, Mr. REN Zhixiang and Ms. ZHU Jing as non-executive Directors; and Mr. XU Zhiming, Mr. JIN Qinglu, Mr. WU Hong and Mr. FENG Xingdong as independent non-executive Directors.

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