The board of directors of Southwest Securities International Securities Limited announced that Mr. Zhang Hongwei (Mr. Zhang), an executive director of the Company and chairman of the Board, has tendered his resignation as executive director of the Company and chairman of the Board with effect from 14 March 2024 as he has reached the retirement age. Upon the resignation of Mr. Zhang, Mr. Huang Changsheng (Mr. Huang), an executive
director and the chief executive officer of the Company, will perform the duties of the chairman of the Board with the support of other members of the Board and senior management of the Company due to the vacancy of the chairman of the Board with effect from 14 March 2024 until a new chairman of the Board is appointed. The Board hereby further announced that with the resignation of Mr. Zhang as an executive director of the Company and chairman of the Board, he ceased to be a member of the remuneration committee and a member of the nomination committee of the Company. Mr. Huang has been appointed as a member of the remuneration committee and a member of the nomination committee of the Company with effect from 14 March 2024.