Orient Securities Company Limited announced the board of directors received the written resignation letter from Mr. CHEN Xiaobo, a non-executive director (employee representative director) of the company on November 18, 2020. Due to his other personal commitment, Mr. CHEN applied to resign as a non-executive director (employee representative director) and the member of the Strategy Development Committee under the Board of the company. Mr. CHEN confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.