China Merchants Securities announced on September 30 that the 38th meeting of the 8th board of directors of the company reviewed and passed the “Proposal on Appointing Mr. Liu Bo as President of the Company” and decided to appoint Liu Bo as the company's president. The term of office will begin on September 30, 2026 until the end of the 8th board of directors of the company. Liu Bo will no longer serve as the company's vice president from the same day.

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