The board of directors of Haitong International Securities Group Limited announced that Mr. SUN Tong has been appointed as an Executive Director of the Company with effect from 27 March 2018. Mr. SUN Tong, aged 41, joined the Company in May 2010. He is a member of Executive Committee of the Company and has been appointed as the Chief Investment Officer of the Group since September 2017.

He is also a director of numerous subsidiaries of the Company, and serves as a responsible officer of Haitong International Securities Company Limited under the Securities and Futures Ordinance. Mr. SUN will enter into a service contract with the Company for a term of 3 years commencing from 27 March 2018 to 26 March 2021 (both dates inclusive), subject to the retirement and re-election provisions in the new bye-laws of the Company unless and until terminated by either party giving to other not less than 3 months' prior notice in writing to determine the same. The Board of the Company further announced that Mr. ZHANG Xinjun has been appointed as a Non-executive Director and member of the Audit Committee and Strategic Development Committee of the Company with effect from 27 March 2018.

Mr. ZHANG Xinjun, aged 42, joined the Company in April 2010 and was appointed as the Chief Financial Officer of the Company and was also a member of the Executive Committee of the Company. He is also a director of various subsidiaries of the Company. He has been appointed as the Chief Financial Officer of Haitong Securities Co.

Ltd. and will cease to act as the Chief Financial Officer of the Company with effect from 27 March 2018. Mr. ZHANG will enter into a service contract with the Company for a term of 3 years commencing from 27 March 2018 to 26 March 2021 (both dates inclusive), subject to the retirement and re-election provisions in the new bye-laws of the Company unless and until terminated by either party giving to other not less than 3 months' prior notice in writing to determine the same. Mr. ZHANG will waive his director's fee.