The board of directors of Everbright Securities Company Limited received a letter of resignation from Mr. Li Bingtao, a business director of the Company, on March 12, 2024. Mr. Li resigned as a business director of the Company due to work adjustments. Mr. Li has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Company.

In accordance with the requirements of the articles of association of the Company and relevant laws and regulations, Mr. Li's resignation became effective upon the resignation letter was delivered to the Board.