Central China Securities Co., Ltd. the election of Mr. Chen Zhiyong and Mr. Tsang Sung as independent non-executive Directors for the sixth session of the Board has been passed, the appointment of Mr. Chen Zhiyong and Mr. Tsang Sung shall become effective from the date of the AGM, and the term of office shall commence from the date of the AGM and end at the expiry of the term of office of the sixth session of the Board. As at the date of this announcement, there were no changes in the biographical details of Mr. Chen Zhiyong and Mr. Tsang Sung or other information relating to their appointments. Save as disclosed in the Announcement and the Circular, as at the date of this announcement, each of Mr. Chen Zhiyong and Mr. Tsang Sung has respectively confirmed that (i) he has not held any position of the Company or its subsidiaries nor any directorship in other listed company for the past three years; (ii) he does not have any relationship with any directors, supervisors, senior management, substantial or controlling shareholder of the Company; and (iii) he does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. From the effective date of the above-mentioned appointments of Mr. Chen Zhiyong and Mr. Tsang Sung as independent non-executive Directors (i.e. 30 June 2021), Mr. Yuen Chi Wai ceased to serve as an independent non-executive Director, the chairperson of the Remuneration and Nomination Committee and a member of the Audit Committee under the Board, and Mr. Ning Jincheng ceased to serve as an independent non-executive Director, a member of the Remuneration and Nomination Committee and a member of the Risk Control Committee under the Board. The Company and the Board would like to express their sincere gratitude to Mr. Yuen Chi Wai and Mr. Ning Jincheng for their contributions to the development of the Company during their tenure of office as independent non-executive Directors. In addition, Mr. Chang Junsheng has resigned as an executive Director, a member of the Development and Strategy Committee under the Board and a member of the Remuneration and Nomination Committee under the Board with effect from 8 June 2021. As a result, the adjusted composition of the members of the specialized committees under the Board is as follows: Development and Strategy Committee: Chairperson: Jian Mingjun and Members: Li Xingjia, Wang Lixin, Tian Shengchun. Risk Control Committee: Chairperson Jian Mingjun and Members of Zhang Xiaoqi, Chen Zhiyong. Remuneration and Nomination Committee: Chairperson: Chen Zhiyong and Members: Lu Benson Cheng, Yu Xugang, Tsang Sung. Audit Committee: Chairperson: Zhang Dongming and Members: Tsang Sung, Tian Shengchun.