The board of directors of LUZHENG FUTURES Company Limited announced that, due to work arrangement, Mr. Li Xuekui has recently resigned as the supervisor and the chairman of the supervisory committee of the Company with effect from 3 November 2020. The Board announced that as considered and approved by the fourth meeting of third session of the Supervisory Committee convened on 3 November 2020 by the Company, Mr. An Tie was appointed as the chairman of the third session of the Supervisory Committee of the Company with effect from 3 November 2020. Mr. An Tie is the supervisor of the Company, and also a member of the disciplinary committee, a staff representative supervisor, the general manage of the compliance management headquarters of Zhongtai Securities Co. Ltd. The Board also announced that as considered and approved by the twenty-second meeting of second session of staff representative meeting of the Company, Mr. Wang Hairan was appointed as the staff representative Supervisor with effect from 3 November 2020, and ends on the expiry of the term of the third session of the Supervisory Committee of the Company. Mr. Wang Hairan is the general manager of compliance and risk control department of the Company as well as the secretary general of Shandong Futures Association.