Guolian Securities Co., Ltd. in its employee meeting held on May 18, 2016, appointed Ms. Shen Ying and Ms. Yu Lei as employee representative Supervisors of the third session of the Supervisory Committee. Due to the change of session of the Supervisory Committee, each of Ms. Yin Zhuowei ("Ms. Yin") and Mr. Shan Xudong ("Mr. Shan") will retire as an employee representative Supervisor. Ms. Shen Ying currently acts the audit manager of the audit and supervision department of the Company. Before joining the Group, Ms. Shen worked in the financial department of Wuxi Mechanical and Electrical Equipment Co., Ltd. from July 1987 to March 1994. Ms. Yu Lei currently acts as the responsible person for the accounting division of the financial and accounting department of the Company. Ms. Yu joined Group in July 1993 and consecutively acted as the accountant of a securities branch, the audit person of the audit department, the financial manager of two securities branches and the general accountant of the financial and accounting department of the Company from July 1993 to December 2014.