China Merchants Securities Co.,Ltd. (600999.SH) has announced that its Board of Directors received a written resignation report from the company's CEO, Mr. Zhu Jiangtao, on May 26, 2026. Due to work adjustments, Mr. Zhu Jiangtao has applied to resign from his position as CEO. His resignation took effect on the date the report was submitted to the Board. Following his resignation as CEO, Mr. Zhu Jiangtao will temporarily perform the duties of CEO in his capacity as Chairman of the Board until the Board appoints a new CEO. In a separate announcement on the same day, the company held its 32nd meeting of the eighth Board of Directors on May 26, 2026, where it reviewed and passed a proposal regarding the election of the Chairman for the eighth Board. Mr. Zhu Jiangtao was elected as Chairman of the eighth Board of Directors, with his term commencing from the date of the Board's approval until the conclusion of the eighth Board's tenure. In accordance with the company's Articles of Association, Mr. Zhu Jiangtao will serve as the company's legal representative. The company will proceed to complete the necessary industrial and commercial registration changes as required by regulations.