Haitong Securities : ANNOUNCEMENT IN RELATION TO APPROVAL OF THE APPLICATION FOR NON-PUBLIC ISSUANCE OF A SHARES BY PUBLIC OFFERING REVIEW COMMITTEE OF THE CSRC

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(A joint stock limited company incorporated in the People' s Republic of China with limited liability)

(Stock Code: 6837)

ANNOUNCEMENT IN RELATION TO APPROVAL OF

THE APPLICATION FOR NON-PUBLIC ISSUANCE OF A SHARES BY

PUBLIC OFFERING REVIEW COMMITTEE OF THE CSRC

References are made to the announcement of Haitong Securities Co., Ltd. (the "Company" ) dated 26 April 2018, the circular of the annual general meeting for the year 2017 dated 31 May 2018 and the announcement of poll results of annual general meeting for the year 2017 dated 21 June 2018 in relation to (among other things) the Proposed Non-public Issuance of A Shares under the general mandate; and the announcement dated 25 April 2019, the circular of the annual general meeting for the year 2018 dated 28 May 2019 (the "Circular" ), the announcement of poll results of annual general meeting for the year 2018 in relation to (among other things) the Proposed Adjustments to the Non-public Issuance of A Shares under the general mandate and the Proposed subscription of A Shares by existing Shareholders and the announcement dated 18 July 2019 in relation to acceptance of the application for Non-public Issuance of A Shares by the CSRC. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

On 6 December 2019, the Public Offering Review Committee of the China Securities Regulatory Commission (the "CSRC" ) reviewed the application of the Company in respect of the Non-public Issuance of A Shares. According to the review results, the application of the Company in respect of the Non-public Issuance of A Shares has been approved.

As at the date of this announcement, the Company has not received the written approval from the CSRC. The Company will make further announcement upon receipt of the official approval from the CSRC. The Company will fulfill its obligations of information disclosure in a timely manner according to the provisions and requirements of relevant laws and regulations based on the progress of aforementioned matter. Investors are advised to pay attention to the potential investment risks.

By order of the Board

Haitong Securities Co., Ltd.

ZHOU Jie

Chairman

Shanghai, the PRC

6 December 2019

As at the date of this announcement, the executive directors of the Company are Mr. ZHOU Jie, Mr. QU Qiuping and Mr. REN Peng; the non-executive directors of the Company are Mr. TU Xuanxuan, Ms. YU Liping, Mr. CHEN Bin and Mr. XU Jianguo; and the independent non-executive directors of the Company are Mr. ZHANG Ming, Dr. LAM Lee G., Mr. ZHU Hongchao and Mr. ZHOU Yu.

• For identification purpose only