Mr. Qiu Yizhou will resign as Executive Director, Chairman of the Management Committee, and member of each Risk Committee, Environmental, Social and Governance Committee and Executive Committee of Shenwan Hongyuan (H.K.) Limited and an Authorised Representative; and Mr. Liang Jun will be appointed as Executive Director, Chairman of the Management Committee, and member of each Risk Committee, Environmental, Social and Governance Committee and Executive Committee of the Company and an Authorised Representative to fill the vacancy arising from the resignation of Mr. Qiu Yizhou. Mr. Liang Jun currently serves as Deputy General Manager and Head of Global Capital Markets of the Group.