On 16 July 2020, the board of directors of Ping An Securities Group (Holdings) Limited announced that Mr. Lin Hongqiao has tendered his resignation as an executive Director with effect from 16 July 2020. The Board is also of the view that the resignation of Mr. Lin will not have any adverse effect on the operations of the Group as all executive functions and duties of Mr. Lin in the Group have already been suspended since 23 March 2020.