Orient Securities Company Limited announced that its board of directors and pursuant to the requirements of Article 163 of the Articles of Association of the company to the effect that where the chairman and the vice chairman of the company are unable to or do not perform their duties, more than one half of the directors shall elect one director to perform such duties, Mr. JIN Wenzhong, an executive director and president of the Company, has been jointly elected by the directors of the Company to act as the chairman of the board of directors and legal representative of the Company until a new chairman is elected and takes office.