China Galaxy Securities Co., Ltd. announced that as approved by the shareholders of the Company at the EGM, Mr. WANG Sheng has been elected as an executive director of the fourth session of the board of directors of the Company, and Mr. CHEN Gongyan has ceased to be an executive director of the Company. Mr. CHEN Gongyan has confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company. At the extraordinary meeting of the Board held on 18 August 2022, the Board has appointed Mr. WANG Sheng as the vice chairman of the fourth session of the Board, and made the following adjustments to the composition of the Board committees: (i) Mr. WANG Sheng has been appointed as a member of each of the Strategy and Development Committee and the Compliance and Risk Management Committee, and (ii) Mr. CHEN Liang has ceased to be a member of the Compliance and Risk Management Committee, both with effect from 18 August 2022.