Shenwan Hongyuan : APPOINTMENT OF JOINT COMPANY SECRETARY AND CHANGE OF AUTHORIZED REPRESENTATIVE

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)

APPOINTMENT OF JOINT COMPANY SECRETARY

AND

CHANGE OF AUTHORIZED REPRESENTATIVE

APPOINTMENT OF JOINT COMPANY SECRETARY

The board of directors (the "Board") of Shenwan Hongyuan Group Co., Ltd. (the "Company") hereby announces that Mr. Xu Liang ("Mr. Xu") has been appointed as a joint company secretary of the Company with effect from 30 March 2021.

Since Mr. Xu has not possessed the qualifications or relevant experience under Rule 3.28 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the Company has applied, and the Stock Exchange has granted, a waiver from strict compliance with Rules 3.28 and 8.17 of the Listing Rules (the "Waiver") for a period of three years from the date of appointment of Mr. Xu as the Company's joint company secretary (the "Waiver Period") on the conditions that (i) Mr. Xu will be assisted by Ms. Chen Chun ("Ms. Chen"), the other joint company secretary of the Company who possesses the qualifications or relevant experience under Rule 3.28 of the Listing Rules, during the Waiver Period; and (ii) the Waiver could be revoked if there are material breaches of the Listing Rules by the Company.

The Stock Exchange expects that, after the end of the Waiver Period, the Company shall demonstrate and seek the Stock Exchange's confirmation that Mr. Xu, having had the benefit of Ms. Chen's assistance during the Waiver Period, would have attained the relevant experience within the meaning of Rule 3.28 of the Listing Rules and is capable of discharging the functions of company secretary such that a further waiver would not be necessary. The Stock Exchange may withdraw or change the Waiver if the situation of the Company changes.

1

The biographical details of Mr. Xu and Ms. Chen are set out as follows:

Mr. Xu, aged 46, is senior economist with a doctorate degree in law and a legal professional qualification. Mr. Xu was a researcher at the post-doctoral workstation of the Shenzhen Stock Exchange from July 2005 to May 2007; and successively served as the deputy general manager of the risk management department and the deputy general manager of the legal compliance headquarter of Hongyuan Securities Co., Ltd. (presided over work) from May 2007 to August 2009; he served as the director of the supervision office of Hongyuan Securities Co., Ltd. from August 2009 to February 2011, and concurrently served as the director of the office of the board of supervisors of Hongyuan Securities Co., Ltd. from October 2009 to February 2011, the director of the office of the discipline inspection commission of Hongyuan Securities Co., Ltd. from May 2010 to February 2011, and the director of the internal examination committee of securities issuance and the director of internal examination committee of investment banking of Hongyuan Securities Co., Ltd. in succession from August 2009 to January 2015. Mr. Xu served as the director of the office of the board of directors of Hongyuan Securities Co., Ltd. from February 2011 to April 2015, and served as the securities affairs representative from March 2011 to January 2015. He has served as

the chairman of the board of supervisors of Xinjiang Financial Investment Asset Management Co., Ltd.* ( 新疆金投資產管理股份公司 ) since August 2017. He served as a non-executive director of Tibet Water Resources Co., Ltd.* ( 西藏水資源有限公司 ) from December 2019 to June 2020. He

has currently served as the securities affairs representative of Shenwan Hongyuan Group Co., Ltd. since January 2015, the director of the office of the board of directors of Shenwan Hongyuan Group Co., Ltd. since April 2015, the company director ( 總監 ) of Shenwan Hongyuan Group Co., Ltd. since February 2017, and the secretary of the board of directors of Shenwan Hongyuan Group Co., Ltd. since March 2021, during which he concurrently served as the general manager of the legal risk control department from February 2017 to March 2020. He has concurrently served as a director of Hongyuan Futures Co., Ltd. since November 2017, a director of Hongyuan Huifu Capital Co., Ltd. since December 2017, a director of Hongyuan Huizhi Investment Co., Ltd. since November 2013, and the chairman of Hongyuan Huizhi Investment Co., Ltd. since December 2020.

Mr. Xu obtained a bachelor's degree in law from Wuhan University School of Law in June 1997 majoring in economic law, a master's degree in law from Wuhan University School of Law in June 2002 majoring in civil and commercial law, a doctorate degree in law from Wuhan University School of Law in June 2005 majoring in civil and commercial law, and a degree of Executive Master of Business Administration from Cheung Kong Graduate School of Business in September 2015.

Ms. Chen is a company secretarial executive of SWCS Corporate Services Group (Hong Kong) Limited and is responsible for providing support and advisory on listed companies' company

secretarial work and compliance matters. Ms. Chen obtained her bachelor's degree in economics from Shanghai Lixin University of Accounting and Finance ( 上海立信會計金融學院 ) (formerly

known as Shanghai Finance University) in the People's Republic of China in July 2010. Ms. Chen was admitted as an associate of The Hong Kong Institute of Chartered Secretaries and elected associate of The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators) in the United Kingdom in March 2016.

2

CHANGE OF AUTHORIZED REPRESENTATIVE

The Company announces that Mr. Xu has been appointed as an authorized representative of the Company and Mr. Chen Jianmin ceases to serve as an authorized representative of the Company with effect from 30 March 2021.

By order of the Board

Shenwan Hongyuan Group Co., Ltd.

Chu Xiaoming

Chairman

Beijing, PRC

30 March 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.

3