DFZQ — Board/Management Information 2020

Nov 18, 2020

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 NON-EXECUTIVE DIRECTOR (EMPLOYEE REPRESENTATIVE DIRECTOR)

The board of directors (the “ Board ”) of 東方證券股份有限公司 (the “ Company ”) received the written resignation letter from Mr. CHEN Xiaobo (“ Mr. CHEN ”), a non-executive director (employee representative director) of the Company on November 18, 2020. Due to his other personal commitment, Mr. CHEN applied to resign as a non-executive director (employee representative director) and the member of the Strategy Development Committee under the Board of the Company. Mr. CHEN confirmed that he has no disagreement with the Board and there is no other 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.

According to relevant requirements of the Company Law of the People’s Republic of China (《中華人 民共和國公司法》) and the articles of association of the Company, the resignation of Mr. CHEN will not render the number of members of the Board falling below the statutory minimum requirement, will not affect the normal operation of the Board, and his resignation shall take effect upon the receipt of the resignation letter by the Board.

By order of the Board of Directors JIN Wenzhong Executive Director

Shanghai, PRC November 18, 2020

As at the date of this announcement, the Board of Directors comprises Mr. JIN Wenzhong as executive Director; Mr. LIU Wei, Mr. WU Junhao, Mr. ZHOU Donghui, Mr. LI Xiang, Ms. XIA Jinghan and Mr. XU Jianguo as non-executive Directors; and Mr. XU Guoxiang, Mr. TAO Xiuming, Mr. WEI Anning, Mr. XU Zhiming and Mr. JIN Qinglu as independent non-executive Directors.