The Board of China Merchants Securities Co., Ltd. announced that, Mr. WANG Daxiong has resigned from his positions as a non-executive Director of the company and a member of each of the Strategy Committee and the Risk Management Committee of the Board with effect from May 13, 2022, due to retirement. The Board announced that the composition of each of the Strategy Committee and the Risk Management Committee of the Board has been changed. Each of Mr. WU and Mr. DENG has been appointed as a member of the Strategy Committee with effect from May 13, 2022, and Mr. WANG has ceased to be a member of each of the Strategy Committee and the Risk Management Committee with effect from May 13, 2022.