Orient Securities Company Limited received the written resignation report from Mr. SONG Xuefeng, an executive director of the Company on October 9, 2023. Due to work adjustment, Mr. SONG Xuefeng tendered to resign as an executive director of the Company and the chairman of the strategic development committee of the fifth session of the Board. Upon his resignation, Mr. SONG Xuefeng will cease to hold any position in the Company and its controlled subsidiaries.

Mr. SONG Xuefeng has confirmed with the Board that, he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. During his tenure with the Company, Mr. SONG Xuefeng performed his duties with dedication and diligence, persisted in strengthening the leadership of the Party, continued to improve corporate governance, strengthened team building and organisational reforms, strived to promote business transformation and development, strengthened compliance and risk management, and continued to enhance the core competitiveness of the Company, thereby making significant contributions to the development of the Company. The Board would like to express its sincere gratitude to Mr. SONG Xuefeng for his hard work and significant contributions.

The Board further announces that, in view of the recent change of director of the Company, it has considered and agreed to elect Mr. ZHU Kai to serve as a member of the remuneration and nomination committee of the fifth session of the Board in accordance with relevant provisions on appointment and removal of members in the Terms of Reference of the Remuneration and Nomination Committee of the Company, who shall take office commencing from the date of assuming office as an independent non-executive director of the Company till expiry of the fifth session of the Board.