Orient Securities : ANNOUNCEMENT ON PRELIMINARY FINANCIAL DATA FOR THE YEAR OF 2019

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)

ANNOUNCEMENT ON PRELIMINARY FINANCIAL DATA

FOR THE YEAR OF 2019

This announcement is made by 東 方 證 券 股 份 有 限 公 司 (the "Company") pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) (the "Listing Rules") under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.

The major financial data for the year of 2019 as set out in this announcement is preliminary accounting data under the China Accounting Standards for Business Enterprises, which has not been audited by an accounting firm. The specific data should be those to be disclosed in the 2019 annual report of the Company (the "2019 Annual Report"). Investors are advised to pay attention to such investment risks involved.

1. MAJOR FINANCIAL DATA AND INDICATORS FOR THE YEAR OF 2019 (CONSOLIDATED)

		Currency: RMB Units: '0,000
		The
		corresponding
	The reporting	period of	Increase or
Item	period	previous year	decrease (%)
Total operating revenue	1,899,872.21	1,030,349.09	84.39
Operating profit	272,685.74	125,750.72	116.85
Total profit	282,995.43	133,130.55	112.57
Net profit attributable to the shareholders
of the listed company	241,318.03	123,101.32	96.03
Net profit after non-recurring profit
or loss attributable to the shareholders
of the listed company	233,599.81	117,983.65	97.99
Basic earnings per share (RMB)	0.35	0.18	94.44
Weighted average return on net assets (%)			Increased by 2.20
	4.57	2.37	percentage points

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	As at
	the end of	As at
	the reporting	the end of	Increase or
	period	previous year	decrease (%)
Total assets	26,291,223.19	22,686,967.22	15.89
Equity attributable to the shareholders
of the listed company	5,394,337.50	5,173,947.88	4.26
Share capital	699,365.58	699,365.58	0.00
Net assets per share attributable to
the shareholders of the listed company
(RMB)	7.71	7.40	4.19

1. DETAILS OF OPERATING RESULTS AND FINANCIAL POSITIONS
   In 2019, the securities industry picked up with Shanghai Composite Index up by 22.3% and trading volume of stock funds recording an increase. The Company actively grasped market opportunities, took the initiative and rode on industry dynamics, achieving a significant increase in operating revenue and net profit throughout the year.

Throughout 2019, the Company achieved operating revenue of RMB18,999 million and net profit attributable to shareholders of the listed company of RMB2,413 million, representing an increase of 84.39% and 96.03% over the same period of last year, respectively, primarily due to the fact that revenue from the securities investment business, wealth management business and international business of the Company recorded a significant increase and revenue and cost of the bulk commodity business of subsidiaries doubled as compared to the same period of last year.

1. RISK WARNINGS
   The major financial data for the year of 2019 as set out in this announcement, which is preliminary accounting data, may be different from the data to be disclosed in the 2019 Annual Report, but it is expected that the abovementioned difference would not exceed 10%. Investors are advised to pay attention to such investment risks involved.

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IV. DOCUMENTS AVAILABLE FOR INSPECTION

The comparative balance sheet and income statement are signed and sealed by Mr. Pan Xinjun, the current legal representative of the Company, Mr. Zhang Jianhui, the accounting chief and Mr. You Wenjie, person-in-charge of the accounting department of the Company.

By order of the Board of Directors

PAN Xinjun

Chairman

Shanghai, PRC

February 14, 2020

As at the date of this announcement, the Board of Directors comprises Mr. PAN Xinjun and Mr. JIN Wenzhong as executive Directors; Mr. LIU Wei, Mr. WU Junhao, Mr. CHEN Bin, 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.

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