References are made to the announcement of Haitong Securities Co., Ltd. (the "Company" or "Haitong Securities") dated 12 April 2024 in relation to the receipt of the Notice of Case Filing (Zheng Jian Li An Zi No. 03-720-240-050) issued by the China Securities Regulatory Commission (the "CSRC") and the announcement of the Company dated 19 April 2024 in relation to the receipt of the Advance Notice of Administrative Penalty (Chu Fa Zi [2024] No. 56) from the CSRC.

On 30 April 2024, the Company received the Decision of Administrative Penalty ([2024] No. 45) from the CSRC, the original text of which is as follows: Parties: Wang Zelong, male, born in July 1996, the actual controller of CNNC Huayuan Titanium Dioxide Co., Ltd., his address: Chaoyang District, Beijing. Hong Haowei, male, born in May 1997, his address: Nanshan District, Shenzhen, Guangdong Province.

CITIC Securities Capital Management Co., Ltd. CITIC Securities Company Limited. Haitong Securities Co., Ltd. Han Yuchen, male, born in November 1995, his address: Chaoyang District, Beijing. Pursuant to the relevant provisions in the Securities Law of the People's Republic of China (the "Security Law"), the China Securities Regulatory Commission (the "CSRC") has filed the case for, investigated and conducted the legal review on the suspicion of transferring shares by Wang Zelong, Hong Haowei, CITIC Securities Capital, CITIC Securities, Haitong Securities and Han Yuchen in violation of restrictive provision, and informed the parties of the facts, reasons and basis of administrative penalties, as well as the relevant rights they enjoy in accordance with the law.

The parties did not make statements or defenses, or request a hearing therefor. The case is now concluded.