GF Securities Co., Ltd. received a resignation letter from Mr. Li Yanxi ('Mr. Li'), an independent non-executive director of the Company, on September 14, 2018. Mr. Li tendered his resignation as an independent non-executive director of the Company, a member of the Audit Committee of the board of directors of the Company and a member of the Remuneration and Nomination Committee of the Board due to his personal reason of wishing to devote more time to his other engagements. Mr. Li has confirmed that he has no disagreement with the Board, the board of supervisors of the Company and the management of the Company, and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.