The board of directors of LUZHENG FUTURES Company Limited announced that Mr. An Tie has recently resigned as the supervisor and the chairman of the supervisory of the company with effect from 15 August 2016 due to work reason. The Board announced that as considered and approved by the eighth meeting of second session of staff representative meeting of the Company, Mr. Li Xuekui was appointed as the staff representative Supervisor with effect from 15 August 2016, and ends on the expiry of the term of the second session of the Supervisory Committee. He is eligible for re-election and re-appointment upon expiry of his term.

In addition, as considered and approved by the second meeting of second session of the Supervisory Committee convened on 15 August 2016 by the Company, Mr. Li was appointed as the chairman of the second session of the Supervisory Committee of the company. Mr. Li resigned as the general manager of the Company before his appointment as the staff representative Supervisor with effect from 15 August 2016. Mr. Li, aged 53, joined the Company in September 2006.

At present, he is a standing director of Shandong Futures Association, the chairman of settlement committee of the Shanghai Futures Exchange and a member of trading committee of Zhengzhou Commodity Exchange.