China Merchants Securities : PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong 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)

(Stock Code: 6099)

PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board of	directors	(the	"Board")	of China Merchants Securities Co., Ltd (the
"Company")	announces	that	Mr. GAO	Hong ("Mr. GAO") has been nominated as a

candidate for non-executive Director of the Company. The biographical details of Mr. GAO are as follows:

Mr. GAO Hong (高宏), aged 51, has relevant working experience in financial, insurance and technology enterprises. Mr. GAO has served as the standing member of the Executive Committee of China Merchants Financial Business Unit* (招商局金融事業群╱平台) since February 2019, the general manager of China Merchants Financial Technology Co., Ltd.* (招 商局金融科技有限公司) since November 2017, and the vice general manager (chief technology officer) of China Merchants Life Insurance Company Limited since February 2017. He served as the chief technology officer of China Merchants Finance Holdings Co., Ltd.* (招商局金融集團有限公司) from February 2017 to February 2019. He successively served as the general manager of the information technology centre, an assistant general manager, and the general manager of innovation and development department of Funde Sino Life Insurance Co., Ltd.* (富德生命人壽股份有限公司) from June 2010 to January 2017 and served as the assistant general manager of Funde Insurance Holding Co., Ltd.* (富德保險控 股股份有限公司) from July 2015 to January 2017; he successively acted as vice general manager (in charge of work) of the information management department and assistant general manager of the group shared service centre of China Insurance (Holdings) Company Limited from March 2005 to June 2010; he served as the general manager of the computer department in the headquarter of Taiping Life Insurance Co., Ltd. from August 2001 to March 2005; and he successively served as an engineer and the business officer of the computer department, an engineer of actuary and information department, the officer and assistant to general manager of software development office under life insurance, and assistant to general manager of the Jilin Branch of China Ping An Insurance Company* (中國平安保險公司), the name of which has been changed to Ping An Insurance (Group) Company of China, Ltd. in 2013, from November 1993 to August 2001; he served as an engineer of China Electronics Software Development Co.* (中電軟件技術開發公司) from August 1992 to November 1993 and as assistant engineer of the first engineering division of Nanjing No. 724 Research Institute* (南京724研究所) from August 1989 to August 1992.

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Mr. GAO obtained a bachelor's degree of science in computer software from the Department of Computer Science from Nanjing University in July 1989.

The appointment of Mr. GAO is subject to the approval by the general meeting of the Company and the approval by the regulatory authority(ies) on his qualification as a director of a securities company. The term of office of Mr. GAO will be from the date of his appointment being approved by the general meeting of the Company or the date of obtaining the approval of the regulatory authority(ies) in relation to his qualification as a director of a securities company (whichever is later) to the expiry date of the current session of the Board. A circular containing, inter alia, further details on the proposed appointment of Mr. GAO as a non-executive Director will be despatched by the Company to the Shareholders in due course.

Mr. GAO will enter into a service contract with the Company after the approval of his appointment. During the term of his office, Mr. GAO will not receive any emoluments from the Company.

Save as disclosed in this announcement, Mr. GAO confirmed that he (1) does not hold any other positions with the Company and its subsidiaries or any directorships in any other public companies whose securities are listed on any securities market in Hong Kong or overseas in the last three years or any other major appointments and professional qualifications; (2) does not have any relationship with any directors, supervisors, senior management, substantial or controlling shareholders of the Company (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")); (3) does not have any interest in the shares of the Company which are required to be disclosed pursuant to Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (4) does not have any information in relation to his appointment which shall be subject to disclosure pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

By Order of the Board

China Merchants Securities Co., Ltd.

HUO Da

Chairman

Shenzhen, the PRC

October 15, 2019

As at the date of this announcement, the executive directors of the Company are Mr. HUO Da and Mr. XIONG Jiantao; the non-executive directors of the Company are Ms. SU Min, Mr. SU Jian, Mr. XIONG Xianliang, Ms. PENG Lei, Mr. HUANG Jian, Mr. WANG Daxiong and Mr. WANG Wen; and the independent non-executive directors of the Company are Mr. XIANG Hua, Mr. XIAO Houfa, Mr. XIONG Wei, Mr. HU Honggao and Mr. WONG Ti.

• For identification purposes only

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