Huatai Securities Co., Ltd. announced at its EGM held on December 16, 2019, the shareholders approved the appointment of Mr. Zhang Wei as an executive Director of the fifth session of the Board; approved the appointment of Mr. Wang Tao as a non-executive Director of the fifth session of the Board; approved the appointment of Mr. Ma Qun as an independent non-executive Director of the fifth session of the Board; approved the appointment of Mr. Zhang Ming as a non-employee representative Supervisor of the fifth session of the Supervisory Committee; approved the appointment of Ms. Yu Lanying as a non-employee representative Supervisor of the fifth session of the Supervisory Committee; approved the appointment of Ms. Zhang Xiaohong as a non-employee representative Supervisor of the fifth session of the Supervisory Committee; approved the appointment of Ms. Fan Chunyan as a non-employee representative Supervisor of the fifth session of the Supervisory Committee. Upon expiration of her term of office, Ms. Fan Chunyan resigned from her position as a non-executive Director and was designated as a Supervisor of the company, with effect from December 16, 2019. The first meeting of the fifth session of the Board was held on December 16, 2019 and resolved to appoint Directors as the members of special committees of the Board as follows (the first-listed Director was elected as the chairman (convenor) of the committees): Development Strategy Committee: Mr. Zhang Wei, Mr. Zhou Yi, Mr. Chen Yongbing, Ms. Hu Xiao and Mr. Wang Tao; Compliance and Risk Management Committee: Mr. Zhou Yi, Mr. Xu Qing and Ms. Liu Yan; Audit Committee: Mr. Lee Chi Ming, Mr. Ding Feng and Mr. Chen Zhibin; Nomination Committee: Mr. Chen Chuanming, Mr. Zhu Xuebo and Ms. Liu Yan; Remuneration and Appraisal Committee: Mr. Chen Chuanming, Mr. Zhu Xuebo and Mr. Chen Zhibin. The first meeting of the fifth session of the Board resolved to elect Mr. Zhang Wei as the chairman of the fifth session of the Board of the Company. Mr. Zhang Wei has obtained the qualification of chairman of the board of securities companies as approved by the securities regulatory authorities, with a term of office of three years effective from December 16, 2019. The first meeting of the fifth session of the Supervisory Committee was held on December 16, 2019 and resolved to elect Mr. Zhai Jun as the chairman of the fifth session of the Supervisory Committee of the Company. Mr. Zhai Jun will assume office after his qualification as chairman of the supervisory committee of securities companies has been approved by the securities regulatory authorities, with a term until the expiry of the term of the fifth session of the Supervisory Committee of the company. Mr. Wang Tao has served as general manager of the retail credit department of the head office since December 2016. He has also served as the director of inclusive financial service centre of the head office since February 2018. He was responsible for the establishment of CMB Wealth Management Company Limited from July 2019 and has been the president of CMB Wealth Management Company Limited since November 2019.