DFZQ — Board/Management Information 2020

Oct 16, 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 THE CHAIRMAN OF THE BOARD OF DIRECTORS

The board of directors (the “ Board ”) of 東方證券股份有限公司 (the “ Company ”) received the written resignation report from Mr. PAN Xinjun, the chairman of the Board today. Due to personal development, Mr. PAN Xinjun applied to resign as the chairman of the Board, an executive director, chairman of each of the Strategy Development Committee and the Compliance and Risk Management Committee of the fourth session of the Board, the authorized representative (the “ Authorized Representative ”) as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and all other positions assumed in the Company. Mr. PAN Xinjun has confirmed with the Board that, he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange.

As pursuant to the requirements of relevant laws, regulations and the Articles of Association of the Company, the resignation of Mr. PAN Xinjun will not result in the member of the Board falling below the statutory minimum requirement and will not affect the normal operation of the Board, his resignation shall take effect upon the receipt of the resignation report by the Board.

Throughout his tenure in the Company for over 17 years since 2003, Mr. PAN Xinjun has successively served as the deputy secretary to the Party Committee, president (from 2003 to 2010), secretary to the Party Committee, chairman of the Board (since 2010) and other important positions in the Company. Committed to earnestly performing his duties with due diligence and care, adhering to the sustainable development concept, drawing upon the leading role of Party building and optimal corporate governance, strengthening construction of talent pool, pressing forward the establishment of a market-oriented mechanism that keeps pace with the times and forging a people-oriented and home-like corporate culture, Mr. PAN Xinjun has pooled efforts from all employees of the Company to strive for aggressive progresses and grasp innovation and development opportunities in the industry. As such, the Company achieved successful listing of its A shares and H shares, realized continued enhancement of its capital strength and witnessed improving operating results and industry position, which has contributed significantly to the leapfrog development of the Company.

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The Company and the Board would like to extend sincere respect and heartfelt gratitude to Mr. PAN Xinjun for his tremendous efforts and significant contributions made to the development of the Company!

The Company will complete formalities for an acting chairman and election of a new chairman as soon as practicable in accordance with legal procedures as required under the Company Law of the People’s Republic of China and the Articles of Association of the Company. Meanwhile, prior to the appointment of a new Authorized Representative, Mr. WANG Rufu, a joint company secretary of the Company, will act as an Authorized Representative.

By order of the Board of Directors JIN Wenzhong Executive Director

Shanghai, PRC October 16, 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.

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