The Supervisory Committee of the Central China Securities Co., Ltd. received a written letter of resignation from the Supervisor of the company Ms. Wang Jing on 12 January 2018. Due to work arrangements, Ms. Wang will resign as an employee representative Supervisor of the fifth session of the Supervisory Committee. Ms. Wang has confirmed that she has no disagreement with the Supervisory Committee and the board of directors of the company, and there is no matter that needs to be brought to the attention of the shareholders of the company. The company held the employee representatives' meeting on January 12, 2018, during which Ms. Xiao Yichen was appointed as the employee representative Supervisor for the fifth session of the Supervisory Committee, with immediate effect until the expiry of the term of office of the fifth session of the Supervisory Committee. Ms. Xiao Yichen, has worked in the Company since March 2010, where she successively served as an employee in the Investment Banking Headquarter, the person-in-charge of the quality control department under the Capital Market Headquarter, the person-in-charge of the quality control department I under the Comprehensive Management Department of Investment Banking and the assistant general manager of the Comprehensive Management Department of Investment Banking.