Zhang Haochuan resigned as the vice president of China Merchants Securities for personal reasons.

Management changes at China Merchants Securities. Due to personal reasons, Zhang Haochuan has resigned as Vice President of China Merchants Securities, with his departure scheduled for May 12th. His original term on the board was supposed to last until January 18, 2027. China Merchants Securities stated that Zhang Haochuan has completed the work handover according to company regulations, and the board sincerely thanked him for his positive contributions. With years of experience in asset management companies, including positions at China Life Franklin and other asset management companies, Zhang Haochuan has been Vice President of China Merchants Securities since May 2022, responsible for asset management business, for a total of three years.