LUZHENG FUTURES : ANNOUNCEMENT ON APPROVAL OF THE QUALIFICATION OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

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LUZHENG FUTURES Company Limited

魯 証 期 貨 股 份 有 限 公 司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01461)

ANNOUNCEMENT ON APPROVAL OF THE QUALIFICATION

OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

Reference is made to the circular dated 25 October 2019 (the "Circular") and the announcement dated 10 December 2019 titled POLL RESULTS OF THE FIRST EXTRAORDINARY GENERAL MEETING OF 2019 AND APPOINTMENT OF THE GENERAL MANAGER of LUZHENG FUTURES Company Limited (the "Company"). The Board of Directors of the Company (the "Board") is pleased to announce that Mr. Zheng Jianping's qualification as an independent non-executive director has been approved by the China Futures Association on 26 December 2019, and he has officially become an independent non-executive director of the Company on the same day.

After Mr. Zheng Jianping became an independent non-executive director of the Company, he has also become member of the Strategic Development Committee, member of the Risk Control Committee, member of the Remuneration and Appraisal Committee and member of the Nomination Committee of the Board of the Company, all with effect on the same day. In addition, on the same day, Mr. Li Dapeng no longer temporarily discharges the duties of Mr. Zheng Jianping as member of the Company's Remuneration and Appraisal Committee, and Mr. Gao Zhu no longer temporarily discharges the duties of Mr. Zheng Jianping as member of the Nomination Committee of the Company.

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Mr. Zheng Jianping's biography was set out in the Circular. Save as disclosed in the Circular, as at the date of this announcement, there is no other information in relation to Mr. Zheng Jianping that is required to be disclosed under Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters that need to be brought to the attention of the shareholders of the Company.

Mr. Zheng Jianping has entered into a director's service contract with the Company for a term of three years commencing from 26 December 2019 until the expiry of the term of the third session of the Board. He is eligible for re-election upon the expiry of the term of office. The remuneration of Mr. Zheng Jianping will be determined based on the remuneration standard considered and approved at the 2015 annual general meeting of the Company. The Company will disclose his remuneration or allowance in its annual report each year.

The Board would like to take this opportunity to welcome Mr. Zheng Jianping to join the Board.

By order of the Board

LUZHENG FUTURES Company Limited

Chairman

Zhong Jinlong

Jinan, the PRC

27 December 2019

As at the date of this announcement, the Board comprises Mr. Zhong Jinlong and Mr. Liang Zhongwei as executive directors, Mr. Liu Hongsong, Mr. Hu Kainan, Mr. Ming Gang and Mr. Liu Feng as non-executive directors, and Mr. Gao Zhu, Mr. Wang Chuanshun, Mr. Li Dapeng and Mr. Zheng Jianping as independent non-executive directors.

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