DFZQ — Board/Management Information 2020

Oct 20, 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)

ELECTION OF A DIRECTOR TO ACT AS CHAIRMAN OF THE BOARD OF DIRECTORS

Reference is made to the announcement of 東方證券股份有限公司 (the “ Company ”) dated October 16, 2020 in relation to the resignation of the chairman of the board of directors of the Company.

To ensure the normal operation of the Company and its board of directors and pursuant to the requirements of Article 163 of the Articles of Association of the Company to the effect that where the chairman and the vice chairman of the Company are unable to or do not perform their duties, more than one half of the directors shall elect one director to perform such duties, Mr. JIN Wenzhong, an executive director and president of the Company, has been jointly elected by the directors of the Company to act as the chairman of the board of directors and legal representative of the Company until a new chairman is elected and takes office.

By order of the Board of Directors JIN Wenzhong Executive Director

Shanghai, PRC October 20, 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, Mr. XU Jianguo and Mr. CHEN Xiaobo 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.