Guolian Securities Co., Ltd. announced that the board of directors of the company received a written resignation letter from Mr. Wang Wei, an independent non-executive director, on 16 January 2017. Mr. Wang Wei tendered his resignation to the board as an independent non-executive director and a member of the audit committee under the board because of his personal work arrangement. Pursuant to the relevant provisions as set out in laws and regulations and the articles of association, the resignation of Mr. Wang Wei will cause the number of independent non- executive directors of the Company to fall below one-third of the members of the Board and to less than three independent non-executive directors, hence, Mr. Wang Wei will continue to perform his duties as an independent non-executive director and a member of the Audit Committee under the Board upon his resignation until his by-election independent non-executive director and a member of the Audit Committee under the Board take up the office officially. The company will identify suitable candidate and start the by-election process as soon as possible.