China Merchants Securities announces non-executive director's retirement

China Merchants Securities Co., Ltd. reported that Ms. Liu Hui, a non-executive director, resigned from her position due to reaching retirement age. The resignation, submitted on November 21, 2025, is effective immediately. Ms. Liu was originally scheduled to serve until January 18, 2027. She will also step down from her roles on the company’s Strategy and Sustainable Development Committee, Risk Management Committee, and Remuneration and Assessment Committee.

According to the company’s filings, Ms. Liu's departure does not impact the board's compliance with the minimum number of directors required by law, nor does it affect the board's normal operations. The company will initiate the process to elect a new director in due course.

As of November 21, 2025, the China Merchants Securities board of directors comprises executive directors Mr. Huo Da and Mr. Zhu Jiangtao; non-executive directors Ms. Luo Li, Mr. Liu Zhenhua, Mr. Li Demin, Mr. Li Xiaofei, Mr. Huang Jian, Mr. Zhang Mingwen, and Ms. Ding Lusha; and independent non-executive directors Mr. Ye Yingzhi, Ms. Zhang Ruijun, Ms. Chen Xin, Mr. Cao Xiao, and Mr. Feng Jinhua.