Hengtai Securities Co. Ltd. in its EGM held on 7 December 2022 approved the election of Mr. Zhu Yanhui as an executive Director and Mr. Li Ye as a non-executive Director of the fourth session of the Board. Ms. Dong Hong resigned as a non-executive Director of the fourth session of the Board and Ms. Gao Liang resigned as a non-executive Director of the fourth session of the Board with effect from the date of the EGM.

The Board would like to take this opportunity to express its sincere gratitude to Ms. Dong Hong and Ms. Gao Liang for their valuable contribution to the developmen of the Company during their tenure of office. Subsequent to the EGM, the Board convened the fifty-seventh extraordinary meeting of the fourth session of the Board on the same day (the "fifty-seventh extraordinary meeting of the Board"), at which Mr. Zhu Yanhui was appointed as the chairman and authorised representative under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange for a term commencing from the date of the fifty-seventh extraordinary meeting of the Board and expiring at the end of the term of office of the fourth session of the Board. Mr. Wu Yigang, the vice chairman, ceased to act as the acting chairman and the authorised representative under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange with effect from the date of the fifty-seventh extraordinary meeting of the Board.