China Merchants Securities : PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

(Stock Code: 6099)

PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board (the "Board") of directors (the "Directors") of China Merchants Securities Co., Ltd. (the "Company") announces that Mr. LIU Weiwu ("Mr. LIU") has been nominated as a candidate for non-executive Director of the seventh session of the Board.

At a meeting of the Board held on April 27, 2021, the Board, in compliance with the Company Law of the People's Republic of China, relevant laws and regulations and the relevant requirements including the articles of association of the Company (the "Articles of Association"), resolved that Mr. LIU be nominated as a candidate for non-executive Director of the seventh session of the Board.

The term of service of Mr. LIU will start upon passing of the resolution on his appointment as a non-executive Director of the seventh session of the Board at the 2020 annual general meeting of the Company (the "AGM") and end at the expiry of the term of the current session of the Board. Pursuant to the Articles of Association, Mr. LIU shall be eligible for re-election upon the expiry of his term of office.

The biographical details of Mr. LIU and other information related to his appointment are as follows :

Mr. LIU was born in November 1964.

- 1 -

Mr. LIU has served as the Head of the Finance Department (Property Rights Department) of China Merchants Group Limited since December 2020, an independent non-executive director of AviChina Industry & Technology Company Limited (a company listed on The Stock Exchange of Hong Kong Limited, stock code: 02357) since June 2018, a director of China Merchants Chongqing Communications Technology Research & Design Institute Co., Ltd. and Liaoning Port Group Limited since March 2021, and the chairman of the supervisory committee of Nanjing Tanker Corporation (a company listed on the Shanghai Stock Exchange, stock code: 601975) and an executive director of China Merchants Sharing Services Co., Ltd. since April 2021. He served as a director of China Merchants Energy Shipping Co., Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 601872) from May 2012 to April 2019, the Deputy General Manager of China Merchants Energy Shipping Co., Ltd. from February 2016 to January 2021, a director of China LNG Shipping (Holdings) Limited from March 2009 to February 2021, and the Chairman of Sinotrans Shipping Limited from March to December 2019. He also served as the Head of Treasury Division of Financial Department of Guangzhou Ocean Shipping Company, the Manager of Financial Department of Hong Kong Ming Wah Shipping Company Limited, the Deputy General Manager of the Finance Department of China Merchants Group Limited, and the Chief Financial Officer of China Merchants Energy Shipping Co., Ltd.

Mr. LIU obtained a Bachelor's degree in Transportation Financial Accounting from Xi'an Highway Institute and a Master degree of Business Administration from Macau University of Science and Technology in July 1988 and January 2008, respectively. He also obtained the intermediate accountant qualification in May 2005.

According to the diversity policy and nomination policy of the Company and at the recommendation of the nomination committee of the Board, the Board has proposed to appoint Mr. LIU as a non-executive Director of the Company after comprehensively taking into account of his education background, knowledge, skills, experience and the contributions he can make to the Board.

The Company will enter into a service contract with Mr. LIU upon the appointment of Mr. LIU being approved by the Shareholders at the AGM. During the term of his office, Mr. LIU will not receive any emoluments from the Company.

- 2 -

As at the date of this announcement, Mr. LIU has not been subject to any punishment from the China Securities Regulatory Commission or other relevant authorities or any penalty from stock exchanges in the past three years. Mr. LIU has also confirmed that, save as disclosed above and as at the date of this announcement, he does not have any other relationship with any of the Directors, Supervisors, senior management, substantial shareholders or controlling shareholders of the Company or any of its subsidiaries, and does not have any interests 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); he does not have any information in relation to his appointment which shall be subject to disclosure pursuant to Rule 13.51(2)(h) to Rule 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules"); he did not hold any directorship in any other listed companies or any other major appointments and professional qualifications in the last three years, and there is no other matter relating to his proposed appointment that need to be brought to the attention of the shareholders of the Company (the "Shareholders").

The proposal regarding the appointment of Mr. LIU will be submitted as an ordinary resolution for Shareholders' consideration and approval at the AGM. An AGM circular containing, among other things, details of the proposed appointment of non-executive director and the notice of the AGM will be dispatched to the Shareholders in accordance with the Listing Rules and the Articles of Association in due course.

By order of the Board

China Merchants Securities Co., Ltd.

HUO Da

Chairman

Shenzhen, the PRC

April 27, 2021

As at the date of this announcement, the executive directors of the Company are Mr. HUO Da and Mr. XIONG Jiantao; the non-executive directors of the Company are Mr. XIONG Xianliang, Ms. SU Min, Ms. PENG Lei, Mr. GAO Hong, Mr. HUANG Jian, Mr. WANG Daxiong and Mr. WANG Wen; and the independent non-executive directors of the Company are Mr. XIANG Hua, Mr. XIAO Houfa, Mr. XIONG Wei, Mr. HU Honggao and Mr. WONG Ti.

- 3 -