Guolian Securities Co., Ltd. announced that the board of directors of the Company received a written resignation letter from Mr. Yao Zhiyong, the chairman, on 7 December 2021. Owing to job transfer, Mr. Yao Zhiyong tendered his resignation to the Board as the chairman of the Company, a non-executive Director, the chairman of the Strategy Committee, the chairman of the Risk Control Committee, the authorized representative of the Hong Kong Stock Exchange, and all other positions held in the Company and its subsidiaries. His resignation took effect when the resignation letter was delivered to the Board.