DFZQ — Board/Management Information 2017

Aug 29, 2017

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock company incorporated in the People’s Republic of China with limited liability under the Chinese corporate name “ 東方證券股份有限公司 ” and carrying on business in Hong Kong as “ 東方證券 ” (in Chinese) and “DFZQ” (in English))

(Stock Code: 03958)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the “ Board ”) of 東方證券股份有限公司 (the “ Company ”) received a written resignation letter from Mr. Li Zhiqiang (“ Mr. Li ”) as an independent non-executive director of the Company on August 29, 2017. Mr. Li has tendered to the Board his resignation from the positions of an independent non-executive director of the third session of the Board and the chairman of the remuneration and nomination committee as well as the member of the compliance and risk management committee of the Board due to expiration of his tenure as an independent non-executive director of the Company. Upon the resignation of Mr. Li taking effect, Mr. Li will no longer hold any position in the Company. Mr. Li confirms that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

As the resignation of Mr. Li will cause the number of independent non-executive directors to be less than one-third of the Board, in accordance with the Company Law of the People’s Republic of China, the Guiding Opinions on Establishing the Independent Director System in Listed Companies (《關於在上市公司建立獨 立董事制度的指導意見》), the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the articles of association of the Company (“ Articles of Association ”) and other relevant requirements, the resignation of Mr. Li will take effect upon the appointment of a new independent nonexecutive director to fill the vacancy, and to satisfy the requirement that the independent non-executive directors should be not less than one-third of the Board. Prior to such, Mr. Li will continue to perform the duties as an independent non-executive director, the chairman of the remuneration and nomination committee and the member of the compliance and risk management committee of the Board.

During his term of office as an independent non-executive director of the Company, Mr. Li has been independent, impartial and diligent in his duties and functioned actively in improving corporate governance and promoting the strategic development of the Company. The Company and the Board would like to take this opportunity to express their sincere appreciation to Mr. Li for his contributions to the Company during his term.

By order of the Board of Directors PAN Xinjun Chairman

Shanghai, PRC August 29, 2017

As at the date of this announcement, the Board of Directors comprises Mr. PAN Xinjun and Mr. JIN Wenzhong as executive Directors; Mr. WU Jianxiong, Mr. ZHANG Qian, Mr. WU Junhao, Mr. CHEN Bin, Mr. LI Xiang, Mr. XU Jianguo, Ms. HUANG Laifang and Mr. ZHOU Yao as non-executive Directors; and Mr. LI Zhiqiang, Mr. XU Guoxiang, Mr. TAO Xiuming, Mr. WEI Anning and Mr. XU Zhiming as independent nonexecutive Directors.