CITIC Securities : ANNOUNCEMENT - CHANGE IN DIRECTORSHIP

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(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6030)

ANNOUNCEMENT

CHANGE IN DIRECTORSHIP

Resignation of Independent Non-executive Director

The board of directors (the "Board") of CITIC Securities Company Limited (the "Company") hereby announces that Mr. HE Jia has tendered his resignation to the Board from his positions as an independent non-executive director of the Company and a member of each of the Audit Committee, the Remuneration and Appraisal Committee, the Nomination Committee, the Risk Management Committee and the Related Party Transactions Control Committee (chairman) under the Board with effect from 28 April 2021, in order to devote more time to his personal affairs.

Mr. HE Jia has confirmed that he had no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. HE Jia for his contribution to the Company and the Board during his tenure of service, and expects his continued attention and support to the development of the Company.

Proposed Appointment of Independent Non-executive Director and Appointment of Member of the Specialized Committees under the Board

The Board resolved at a meeting (the "Meeting") held on 28 April 2021 to propose to appoint Mr. LI Qing as an independent non-executive director of the Seventh Session of the Board of the Company. The appointment of Mr. LI Qing is subject to the approval by the shareholders' general meeting of the Company. The Company will go through relevant filing procedures in respect of Mr. LI Qing's qualification for serving as a director of a securities company in accordance with the regulatory requirements. Meanwhile, the Board also resolved at the Meeting to appoint Mr. LI Qing as a member of each of the Audit Committee, the Remuneration and Appraisal Committee, the Nomination Committee, the Risk Management Committee and the Related Party Transactions Control Committee, with effect from the date when his appointment as an independent non-executive director of the Company takes effect.

The biographical details of Mr. LI Qing are set out below:

Mr. LI Qing, aged 58, has served as a Chair Professor and the Department Head of the Department of Computing of the Hong Kong Polytechic University since December 2018. Mr. LI successively served as an assistant professor, associate professor and full professor of the City University of Hong Kong from 1998 to 2018. From 2013 to 2018, Mr. LI served as the Founding Director of the Multimedia-software Engineering Research Center (MERC) of the City University of Hong Kong. From 2003 to 2005, Mr. LI set up and served as manager of the Mobile Information Management Division at the CityU R&D Center in Zhuhai. From 2005 to 2012, Mr. LI established and served as the general manager and the chairman of Zhuhai Faster Software Technology Ltd. Mr. LI obtained a Bachelor's degree from Hunan University in 1982, and obtained a Master's degree in computer science and a Doctor's degree in computer science from the University of Southern California in the United States of America in 1985 and 1988, respectively.

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Mr. LI Qing has confirmed that, saved as disclosed above, (1) he does not hold any other position with the Company or any of its subsidiaries and has not been a director in any other listed companies in the past three years; (2) he has no relationship with any other directors, senior management or substantial shareholders of the Company or any of its subsidiaries; and (3) as at the date of this announcement, he does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Mr. LI Qing has also confirmed that there is no other information in relation to his appointment that needs to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules"), and there is no other matter in relation to his appointment that needs to be brought to the attention of the shareholders of the Company.

If appointed as an independent non-executive director of the Seventh Session of the Board, the term of office of Mr. LI Qing shall commence from the date of approval by the shareholders' general meeting on his appointment to the date of expiration of the term of office of the Seventh Session of the Board. Mr. LI Qing will be entitled to an allowance of RMB150,000 per year (tax inclusive), and will be provided with relevant subsidies for attending on-site meetings of the specialized committees under the Board for serving as an independent non-executive director of the Company, which is determined in accordance with the Remuneration Management System of the Company and has been approved by the shareholders at the 2011 annual general meeting of the Company. After the appointment of Mr. LI Qing enters into effect, the Company will enter into service contract with him.

Pursuant to Rule 3.10 of the Hong Kong Listing Rules, every board of directors must include at least three independent non-executive directors; and pursuant to Rule 3.21 of the Hong Kong Listing Rules, the audit committee must comprise a minimum of three members. Due to the appointment of Mr. LI Qing as an independent non-executive director of the Company is still subject to the approval of the shareholders' general meeting of the Company, both the number of the independent non-executive directors in the Board and the number of members of the Audit Committee will temporarily be less than three before the approval of LI Qing's appointment by the shareholders. The Company expects that Mr. LI Qing will obtain the approval by the shareholders on his appointment as an independent non- executive director within three months from 28 April 2021, and the Company will satisfy the requirements of Rules 3.10 and 3.21 of the Hong Kong Listing Rules as mentioned above by then.

A circular containing, inter alia, further details regarding the proposed appointment of Mr. LI Qing as an independent non-executive director of the Company, together with a notice of the shareholders' general meeting, will be despatched to the shareholders of the Company in due course.

By order of the Board

CITIC Securities Company Limited

ZHANG Youjun

Chairman

Beijing, the PRC

28 April 2021

As at the date of this announcement, the executive directors of the Company are Mr. ZHANG Youjun and Mr. YANG Minghui; the non-executive director is Mr. WANG Shuhui; and the independent non-executive directors are Mr. LIU Ke and Mr. ZHOU Zhonghui.

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