Zhongtai Futures Company Limited approved the proposal on election of Ms. WANG Hui as a non-executive director of the Company, at its AGM held on 27 June 2024. WANG Hui is appointed for a term commencing on the date of the AGM (27 June 2024) and ending on the expiry of the term of the fourth session of the Board of the Company. She is eligible for re-election and re-appointment upon expiry of her term.

The Company has entered into a service contract with Ms. WANG Hui. During her tenure, Ms. WANG Hui will not receive any Director's emoluments from the Company. Ms. WANG Hui has confirmed that, as at the date of this announcement: (1) she has not held directorships in other listed companies, nor has any other major appointments and professional qualifications in the past three years; (2) she does not hold any position in the Company or the Company's subsidiaries; (3) she has no relationship with any Director, Supervisor, senior management, substantial Shareholder or controlling Shareholder of the Company or any subsidiary of the Company; (4) she does not have any interests in the Shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance; and (5) there is no any other information required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and there is no any other matter relating to her appointment that need to be brought to the attention of the Shareholders of the Company.

The Board announced that Mr. LIU Feng has resigned as a non-executive Director of the Company, member of the strategic and development committee of the Board (the Strategic and Development Committee) and member of the audit committee of the Board (the Audit Committee) due to other work commitments. Mr. LIU Feng's resignation will take effect on 27 June 2024. Mr. LIU Feng confirmed that he has no disagreement with the Board, and there is no matter in relation to his resignation which needs to be brought to the attention of the Shareholders of the Company.

As stated above, Mr. LIU Feng has resigned as the member of the Strategic and Development Committee and the member of the Audit Committee due to other work commitments. On 27 June 2024, the Board passed the proposal on the election of Ms. WANG Hui as the member of the Strategic and Development Committee and the member of the Audit Committee. The Company hereby approved the election of Ms. WANG Hui as the member of the Strategic and Development Committee and the member of the Audit Committee.

Her term of office will commence on 27 June 2024 and end upon the expiration of the fourth session of the Board of the Company.