Guolian Securities Co., Ltd. announced that the supervisory committee of the company received a written resignation letter from Mr. Chen Xingjun on 19 December 2016. Mr. Chen Xingjun tendered his resignation as a supervisor and the chairman of the Supervisory Committee because of his re-designation. Pursuant to relevant provisions as set out in laws and regulations and the articles of association, the resignation of Mr. Chen Xingjun shall take effect upon the receipt of the resignation letter by the Supervisory Committee, provided that the resignation of such supervisor will not cause the number of members of the Supervisory Committee to fall below the quorum. The Supervisory Committee has recommended Mr. Zhou Weixing to be the convener of meetings of the Supervisory Committee. Currently, all the work of the Supervisory Committee goes well. The Supervisory Committee will identify a new supervisor candidate and elect a new chairman as soon as possible.