The board of directors of Ping An Securities Group (Holdings) Limited announced that Mr. Gong Qingli has tendered his resignation on November 20, 2019, resigning as Executive Director and Chief Executive Officer as well as member of the Executive Committee, Nomination Committee and Remuneration Committee of the Company, as he requires more time to pursue his other commitments. The resignation of Mr. Gong will come into effect three months after the date hereof in accordance with the terms of his service agreement with the Company.