Shenwan Hongyuan : ELECTION OF EMPLOYEE REPRESENTATIVE SUPERVISORS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong 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)

(Stock Code: 6806)

ELECTION OF EMPLOYEE REPRESENTATIVE SUPERVISORS

Shenwan Hongyuan Group Co., Ltd. (the "Company") hereby announces that, the Company convened the fifth employee meeting on May 10, 2021 and elected Ms. Li Yan ("Ms. Li") and Ms. Zhou Jie ("Ms. Zhou") as employee representative supervisors of the fifth session of the board of supervisors of the Company, who will jointly form the fifth session of the board of supervisors of the Company together with the supervisors elected at the 2020 annual general meeting of the Company who are not employee representative supervisors, for the same term of office as the fifth session of the board of supervisors of the Company.

The Company will enter into service contracts with Ms. Li and Ms. Zhou. Pursuant to the articles of association of the Company, the abovementioned employee representative supervisors are eligible for re-election after their term of office expires. Ms. Li and Ms. Zhou will not receive any supervisor's fee as employee representative supervisors of the Company, but will receive corresponding remuneration in accordance with their specific management positions in the Company, details of which will be disclosed in the annual report of the Company.

The biographical details of Ms. Li and Ms. Zhou required to be disclosed pursuant to Rule13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") are set out in the appendix to this announcement.

As of the date of this announcement, Ms. Li and Ms. Zhou have never received any punishment from the China Securities Regulatory Commission or other relevant authorities or any penalty from any stock exchange. Save as disclosed in this announcement, Ms. Li and Ms. Zhou confirmed that they did not hold any directorship in public companies the securities of which are listed on any securities market either in Hong Kong or overseas in the past three years; do not have any relationship with any director, supervisor, senior management, substantial shareholder of the Company or their respective subsidiaries, nor do they hold any position in the Company or any of its subsidiaries. They do not own any interest in the shares of the Company or its associated corporations (as defined in Part XV of the Securities and Futures Ordinance); have no information

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that shall be disclosed pursuant to the requirements under Rules 13.51(2)(h) to (v) of the Listing Rules; nor have they participated in other matters that need to be brought to the attention of the shareholders of the Company.

By order of the Board

Shenwan Hongyuan Group Co., Ltd.

Chu Xiaoming

Chairman

Beijing, the PRC

May 10, 2021

As at the date of this announcement, the Board comprises Mr. Chu Xiaoming and Mr. Yang Wenqing as executive directors; Mr. Chen Jianmin, Mr. Wang Honggang, Ms. Ge Rongrong, Mr. Ren Xiaotao and Mr. Zhang Yigang as non-executive directors; Ms. Ye Mei, Mr. Xie Rong, Ms. Huang Danhan and Ms. Yeung Siuman Shirley as independent non-executive directors.

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Appendix - Biographies of Employee Representative Supervisors

Ms. Li Yan, aged 49, currently serves as the director of the Office of the Board of Supervisors of Shenwan Hongyuan Group Co., Ltd. Ms. Li served as the senior manager of the investment bank headquarter of Northeast Securities Co., Ltd. from December 2004 to May 2007; the director of Beijing investment banking department of Industrial Securities Co., Ltd. from May 2007 to April 2009; and she successively served as the senior manager and the assistant to the general manager of the legal and compliance department of Hong Yuan Securities Co., Ltd. from March 2010 to January 2015; the assistant to the general manager of the legal and compliance department, the deputy director of the compliance and risk management center of Shenwan Hongyuan Securities Co., Ltd. (formerly known as Hong Yuan Securities Co., Ltd.) from January 2015 to February 2017, during which period she concurrently served as the compliance officer of Shenwan Hongyuan Securities (Western) Co., Ltd. and the compliance officer of Shenwan Hongyuan Financing Services Co., Ltd. from December 2015 to February 2017. From February 2017 to March 2019, she served as the compliance officer and the chief risk officer of Shenwan Hongyuan Financing Services Co., Ltd., during which period she concurrently served as the chief financial officer of Shenwan Hongyuan Financing Services Co., Ltd. from April 2018 to September 2018. From March 2019 to October 2020, she successively held the positions including the deputy director and the deputy director (in charge of overall works) of the Office of Board of Supervisors of Shenwan Hongyuan Group Co., Ltd. From March 2019 to March 2021, she concurrently served as the deputy director of the compliance risk control committee of the Securities and Futures Association in Xinjiang Uygur Autonomous Region; and she has concurrently served as the supervisor and the chairwoman of the office of board of supervisors of Shanghai Eastern Airlines Shenhong Equity Investment Fund Management Co., Ltd. since January 2020; the supervisor of Shenwan Hongyuan Industrial Investment Management Company Limited since September 2020. She served as the director of the Office of Board of Supervisors of Shenwan Hongyuan Group Co., Ltd. since October 2020. She also served as the arbitrator of Beijing Arbitration Commission since September 2012; the people's juror of the Second Intermediate People's Court of Beijing from September 2015 to September 2020, and she has concurrently served as the securities dispute mediator of the Securities Association of China since December 2016.

Ms. Li obtained a bachelor's degree in law from Liaoning Normal University in July 1993, and a master's degree and a doctorate degree in law from Renmin University of China in July 1999 and July 2009, respectively, and she completed the postdoctoral research fellowship at the Institute of Law, Chinese Academy of Social Sciences in April 2013.

Ms. Zhou Jie, aged 48, currently serves as the deputy director of the Office of General Manager and the vice chairwoman of the labor union of Shenwan Hongyuan Group Co., Ltd. Ms. Zhou served as a teacher of the teaching and research division of Xinjiang Finance School from June 1994 to October 1996; the deputy manager and department secretary of the general division of the trading department of Hong Shan Securities of Hongyuan Trust from October 1996 to November 2000; the assistant to the director of the Office of General Manager of Hong Yuan Securities Co., Ltd. from November 2000 to September 2004. From September 2004 to November 2005, she served as the deputy general manager of the general management headquarter of the Office of General Manager as well as the director of the Office of General Manager in Xinjiang of Hong Yuan Securities Co., Ltd.; and the deputy director of the Office of General Manager of Hong Yuan Securities Co., Ltd. from November 2005 to April 2015. She has served as the deputy director of the Office of General Manager of Shenwan Hongyuan Group Co., Ltd. since April 2015, and concurrently served as the vice chairwoman of the labor union of Shenwan Hongyuan Group Co., Ltd. since June 2015.

Ms. Zhou obtained a bachelor's degree in economics from Lanzhou Business School in June 1994.

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