The board of directors of Shenwan Hongyuan (H.K.) Limited announced that Fang Qingli will resign as chairman of the board, executive director, chairman of the nomination committee, chairman of the environmental, social and governance committee and chairman of the executive committee of the company with effect from October 26, 2021 as he requires to devote more time to the business of Shenwan Hongyuan Securities Co. Ltd. Wu Meng will be appointed as chairman of the board, chairman of the nomination committee, chairman of the environmental, social and governance committee and chairman of the executive committee of the company with effect from October 26, 2021, to succeed Fang Qingli. Wu Meng was appointed as an executive director of the company on August 10, 2019 and is currently a member of the executive committee. Wu is a member of the executive committee and a general manager of the International Business Division of Shenwan Hongyuan Securities Co. Ltd.; a general manager and director of Shenwan Hongyuan (International) Holdings Limited; a director of Shenwan Hongyuan Holdings (B.V.I.) Limited; a director of SWS Research Co. Ltd. and a director of Shenwan Hongyuan Financing Services Co. Ltd. Prior to joining Shenwan Hongyuan Securities Co. Ltd., Wu worked in the corporate finance division of China Jianyin Investment Ltd., and the capital market department and securities institution department/insurance institutions department of Central Huijin Investment Ltd. She has more than 10 years' experience in corporate finance business, and equity management of securities and insurance companies.