The board (the "Board") of directors (the "Directors") of Ping An Securities Group (Holdings) Limited announced that Dr. Yang Tao ("Dr. Yang") has tendered resignation as an independent non-executive Director, as well as chairman of the Nomination Committee and member of the Audit Committee and the Remuneration Committee with effect from 21 November 2019, because his other engagements require more of his time and attention. Dr. Yang has confirmed that there is 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 or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").