Huatai Securities Co., Ltd. (HTSC) announced on 3 June 2026 that Independent Non-Executive Director (INED) Wang Jianwen tendered his resignation as his consecutive term approaches six years. To ensure board continuity, Wang will continue performing duties until a new INED is appointed. His departure will temporarily leave the board with fewer than one-third independent directors, triggering the replacement process stipulated by listing rules.

The board has nominated Ye Jinqiang, aged 58, as Wang’s replacement. Ye holds a PhD in Civil and Commercial Law and has served as a professor at Nanjing University since 2006, previously acting as deputy dean and dean of its School of Law (2014–2022). He is currently a director of Nanjing University Press.

Compliance and independence checks: • Ye confirms compliance with all independence criteria under Listing Rule 3.13. • He has no financial interests in HTSC or ties to core connected persons. • No regulatory penalties have been imposed on him in the past three years.

Remuneration: Upon shareholder approval at the forthcoming general meeting, Ye will sign a service contract covering the remainder of the seventh board’s term and will receive a fixed subsidy of RMB 20,000 per month (tax inclusive), consistent with current INED compensation policy.

Board diversity rationale: The Nomination Committee highlighted Ye’s extensive legal background as complementary to the board’s skill mix, considering parameters such as age, education, and professional expertise.

Next steps: Ye’s appointment is subject to shareholder approval at the general meeting. If elected, he will also serve on the Compliance and Risk Management Committee, filling Wang’s vacancy and restoring the board’s ratio of independent directors to at least one-third.