ELECTION OF INDEPENDENT NON-EXECUTIVE DIRECTORS AND NOTICE OF THE EGM

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1 THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered securities dealer, bank manager, solicitor, professional accountant or other professional advisers. If you have sold or transferred all your Shares in the Company, you should at once hand this circular together with the accompanying form of proxy and reply slip to the purchaser(s) or the transferee(s) or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser(s) or the transferee(s). (A joint stock company incorporated in the People s Republic of China with limited liability under the Chinese corporate name 華 泰 證 券 股 份 有 限 公 司 and carrying on business in Hong Kong as HTSC) (Stock Code: 6886) ELECTION OF INDEPENDENT NON-EXECUTIVE DIRECTORS AND NOTICE OF THE EGM A notice convening the EGM of the Company to be held at Grand Ballroom A, 2nd Floor, Renaissance Nanjing Olympic Centre Hotel, No.139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, PRC on Friday, 18 March 2016 at 2:00 p.m. is set out on pages 7 to 9 of this circular. If you are not able to attend the EGM, please complete and return the form of proxy in accordance with the instructions printed thereon as soon as practicable and in any event not less than 24 hours before the time appointed for the holding of the EGM and deposit it together with the notarised power of attorney or other document of authorisation with the Company s H Share registrar, Computershare Hong Kong Investor Services Limited (for holders of H Share). Completion and return of the form of proxy will not preclude you from attending and voting at the EGM should you so desire. Shareholders of the Company intending to attend the EGM in person or by their proxies should complete and return the reply slip for attending the EGM to the Company s H Share registrar, Computershare Hong Kong Investor Services Limited (for holders of H Share) on or before Friday, 26 February February 2016

2 TABLE OF CONTENTS Page DEFINITIONS... 1 LETTER FROM THE BOARD... 2 NOTICE OF THE EGM... 7 i

3 DEFINITIONS In this circular, unless the context otherwise requires, the following expressions shall have the following meanings: A Share(s) domestic shares of our Company, with a nominal value of RMB1.00 each, which are subscribed for or credited as paid up in Renminbi and are listed for trading on the Shanghai Stock Exchange Articles of Association the articles of association of our Company, as amended, which shall become effective on the Listing Date Board Company Director(s) EGM Group the board of directors of our Company a joint stock company incorporated in the PRC with limited liability under the corporate name 華 泰 證 券 (Huatai Securities Co., Ltd.), converted from our predecessor 華 泰 證 券 有 限 責 任 公 司 (Huatai Securities Limited Liability Company) on 7 December 2007, carrying on business in Hong Kong as HTSC, and was registered as a non-hong Kong company under Part 16 of the Companies Ordinance under the Chinese approved name of and English name of Huatai Securities Co., Ltd. ; the A shares of which are listed on the Shanghai Stock Exchange on 26 February 2010 (Stock Code: ) the director(s) of the Company the first extraordinary general meeting for 2016 to be held by the Company on 18 March 2016 the Company and its subsidiaries, and their respective predecessors H Share(s) overseas listed foreign shares in the share capital of the Company with nominal value of RMB1.00 each, which are subscribed for and traded in HK dollars and are listed on the Hong Kong Stock Exchange Hong Kong or HK Hong Kong Stock Exchange Listing Rules PRC or China RMB or Renminbi Share(s) Shareholder(s) Supervisor(s) the Hong Kong Special Administrative Region of the PRC The Stock Exchange of Hong Kong Limited Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited the People s Republic of China, excluding for the purposes of this circular, Hong Kong, Macau and Taiwan Renminbi, the lawful currency of the PRC the ordinary share(s) of RMB1.00 each in the share capital of the Company the shareholder(s) of the Company the supervisor(s) of the Company 1

4 LETTER FROM THE BOARD (A joint stock company incorporated in the People s Republic of China with limited liability under the Chinese corporate name 華 泰 證 券 股 份 有 限 公 司 and carrying on business in Hong Kong as HTSC) (Stock Code: 6886) Executive Directors: Mr. ZHOU Yi (President) Non-executive Directors: Mr. SUN Lu Mr. WANG Shuhua Ms. PU Baoying Mr. SUN Hongning Mr. ZHOU Yong Mr. CAI Biao Ms. XU Min Registered office: No. 228 Middle Jiangdong Road, Nanjing, Jiangsu Province, PRC Principal place of business in Hong Kong: 4201, 42/F, The Center, 99 Queen s Road Central, Hong Kong Independent Non-executive Directors: Mr. BAI Wei Mr. SHEN Kunrong Mr. LIU Hongzhong Mr. LEE Chi Ming Mr. CHEN Zhibin 2 February 2016 To the Shareholders Dear Sir or Madam, INTRODUCTION The purpose of this circular is to provide you, as holders of H Shares, with the notice of the EGM (set out on pages 7 to 9 of this circular) and provide you with information reasonably necessary to enable you to make an informed decision on whether to vote for or against the proposed resolution or abstain from voting at the EGM. For reference purpose only, a notice of the EGM of holders of A Shares has been published on the website of the Shanghai Stock Exchange ( on 2 February At the EGM, the following resolution will be proposed to the Shareholders for voting: 1. To consider and approve the resolution regarding the election of independent non-executive Directors for the third session of the Board of the Company, with the following items to be voted upon separately: 1.1 To consider and approve the election of Mr. Chen Chuanming as an independent nonexecutive Director of the third session of the Board of the Company 2

5 LETTER FROM THE BOARD 1.2 To consider and approve the election of Mr. Yang Xiongsheng as an independent nonexecutive Director of the third session of the Board of the Company The resolution listed above will be proposed as an ordinary resolution. INFORMATION ON THE RESOLUTION 1. Proposals in relation to the Election of Independent Non-executive Directors of the Third Session of the Board of the Company Reference is made to the twenty-seventh meeting of the third session of the Board convened by the Company on Wednesday, 27 January The Board has approved the proposals in relation to the election of Mr. Chen Chuanming and Mr. Yang Xiongsheng as independent non-executive Directors of the third session of the Board of the Company, and the proposals are hereby submitted to the general meeting of Shareholders of the Company for consideration Election of Mr. Chen Chuanming as an Independent Non-executive Director of the Third Session of the Board of the Company Upon Mr. Chen Chuanming being elected by the general meeting of Shareholders and having obtained the approval of his qualification as an independent director of a securities company from the securities regulatory body, he will serve as an independent non-executive Director of the third session of the Board of the Company. The term of office of Mr. Chen Chuanming shall expire at the end of the term of the current Board. Biographical details of Mr. Chen Chuanming are as follows: Mr. Chen Chuanming, born in September 1957, has a doctorate degree in economics. Mr. Chen was selected by the Ministry of Education to study at the Universite De Haute Bretagne in France in 1978, majoring in social economics and management. He returned to the PRC in 1981 and worked for the Institute of World Economics and Politics of the Chinese Academy of Social Sciences. In December 1982, Mr. Chen was transferred to Nanjing University and has taught at Nanjing University since then. He studied for a doctorate degree in economics at the School of Economics of Nankai University from September 1990 to June Mr. Chen has long been committed to the teaching and research of corporate reform and corporate strategic management. He is the leading lecturer of the national open program on management philosophy and has extensive practical experience in corporate management. Mr. Chen is currently the professor of the School of Business at Nanjing University and concurrently serves as the deputy chairman of the Chinese Institute of Business Administration ( ) and the deputy chairman of the Jiangsu Association of Science and Technology Innovation ( ). Mr. Chen Chuanming served as an independent non-executive Director of the first and second sessions of the Board of the Company from January 2008 to November He served as an independent director of Changjiang Runfa Machinery Co., Ltd. (listed on Shenzhen Stock Exchange (stock code: )) from November 2007 to November He was also acted as an independent director of Nanjing Iron & Steel Co., Ltd. (listed on Shanghai Stock Exchange (stock code: )) from September 2008 to September 2014 and has served as an independent director of Jiangsu King s Luck Brewery Joint-Stock Co., Ltd. (listed on Shanghai Stock Exchange (stock code: )) since May 2011 (resigned in December 2015). Mr. Chen has acted as an independent director of Glarun Technology Co., Ltd. (listed on Shanghai Stock Exchange (stock code: )) since September 2011 (resigned in December 2015) and an independent director of Nanjing Port Co., Ltd. (listed on Shenzhen Stock Exchange (stock code: )) since December 2013 (resigned in December 2015). He was an independent director of Jinling Hotel Corporation Ltd. (listed on Shanghai Stock Exchange (stock code: )) from June 2014 to January Mr. Chen has acted as an independent director of Kunshan KINGLAI Bioclean Applied Materials Co., Ltd. (listed on Shenzhen Stock Exchange (stock code: )) since November Mr. Chen Chuanming will receive remuneration from the Company in accordance with the remuneration standard approved by the general meeting of Shareholders during his term as an independent non-executive Director of the Company. 3

6 LETTER FROM THE BOARD Save as disclosed in the biographical details, Mr. Chen Chuanming has no relationship with any other Directors, Supervisors, senior management, substantial Shareholders or controlling Shareholders of the Company; he has no interest in any Share of the Company as defined within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); he has no information that shall be disclosed pursuant to Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and does not and did not participate in matters that shall be disclosed pursuant to Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; he did not hold any directorship of any other listed companies or any other position in any member of the Group in the last three years; and there are no other matters relating to his appointment that need to be brought to the attention of the Shareholders of the Company Election of Mr. Yang Xiongsheng as an Independent Non-executive Director of the Third Session of the Board of the Company Upon Mr. Yang Xiongsheng being elected by the general meeting of Shareholders and having obtained the approval of his qualification as an independent director of a securities company from the securities regulatory body, he will serve as an independent non-executive Director of the third session of the Board of the Company. The term of office of Mr. Yang Xiongsheng shall expire at the end of the term of the current Board. Biographical details of Mr. Yang Xiongsheng are as follows: Mr. Yang Xiongsheng, born in January 1960, has a doctorate degree in accountancy. He taught at Jiangsu Lianyungang Finance School from 1981 to 1986 and served as the chief secretary to the Jiangsu Lianyungang Municipal Audit Bureau ( ) from 1987 to He has taught accountancy at Nanjing University since 1994 and received his doctorate degree in accountancy from Dongbei University of Finance and Economics from 2000 to He serves as a professor and a doctoral supervisor in the School of Business at Nanjing University. His major research fields include internal control, basic accounting theories, finance management and management accounting. He is an academic committee member and vice secretary general of the Accounting Society of China and a member of the China Internal Control Standards Committee of the Ministry of Finance. He also serves as a consultant of accounting standards under the Ministry of Finance and the vice chairman of the Accounting Society of Jiangsu ( ). Mr. Yang Xiongsheng acted as an independent director of Jiangsu Hiteker Co., Ltd. (listed on Shanghai Stock Exchange (stock code: )) from July 2010 to July 2013 and an independent director of Wuhan Boiler Co., Ltd. (formerly listed on Shenzhen Stock Exchange (stock code: )) from October 2010 to October He was also acted as an independent director of Sinopec Oilfield Service Corporation (listed on the Hong Kong Stock Exchange (stock code: 01033) and Shanghai Stock Exchange (stock code: ), formerly known as Sinopec Yizheng Chemical Fibre Company Limited) from December 2011 to February 2015 and an independent director of Jiangsu Sunrain Solar Energy Co., Ltd. (listed on Shanghai Stock Exchange (stock code: )) from August 2010 to December Mr. Yang has served as an independent non-executive director of Shenji Group Kunming Machine Tool Company Limited (listed on the Hong Kong Stock Exchange (stock code: 00300) and Shanghai Stock Exchange (stock code: )) since March 2013 and an independent director of Tianze Information Industry Inc. (listed on Shenzhen Stock Exchange (stock code: )) since August 2015 (resigned in December 2015). Mr. Yang Xiongsheng will receive remuneration from the Company in accordance with the remuneration standard approved by the general meeting of Shareholders during his term as an independent non-executive Director of the Company. Save as disclosed in the biographical details, Mr. Yang Xiongsheng has no relationship with any other Directors, Supervisors, senior management, substantial Shareholders or controlling Shareholders of the Company; he has no interest in any Share of the Company as defined within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); he has no information that shall be disclosed pursuant to Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and does not and did not participate in matters that shall be disclosed pursuant to Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; he did not hold any directorship of any other listed companies or any other position of any member of the Group in the last three years; and there are no other matters relating to his appointment that need to be brought to the attention of the Shareholders of the Company. 4

7 LETTER FROM THE BOARD INFORMATION ON ATTENDING THE EGM The EGM will be held at Grand Ballroom A, 2nd Floor, Renaissance Nanjing Olympic Centre Hotel, No. 139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, the PRC on Friday, 18 March 2016 at 2:00 p.m. The notice of the EGM is also set out on pages 7 to 9 of this circular. Summary of the important dates for H Shareholders is as follows: Last Registration Date : on or before 4:30 p.m. Tuesday, 16 February 2016 Closure of Register of Members for H Shareholders : Wednesday, 17 February 2016 to Friday, 18 March 2016 Submission of Reply Slip : on or before Friday, 26 February 2016 Submission of Proxy Form : on or before 2:00 p.m. Thursday, 17 March 2016 The register of members of H Shares of the Company will be closed from Wednesday, 17 February 2016 to Friday, 18 March 2016 (both days inclusive), during which time no share transfers of H Shares will be effected. In order to attend the EGM, unregistered holders of H Shares of the Company should ensure that all transfer documents, accompanied by the relevant share certificates, are lodged with the Company s H Share Registrar, Computershare Hong Kong Investor Services Limited, at Shops , 17th Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong, before 4:30 p.m. on Tuesday, 16 February Holders of H Shares whose names appear on the H Shares register of members of the Company on Friday, 18 March 2016 are entitled to attend and vote in respect of the resolution to be proposed at the EGM. Reply slip and the proxy form for the EGM have been despatched on Tuesday, 2 February 2016 and have also been published on the website of Hong Kong Stock Exchange ( Shareholders intending to attend the EGM or by their proxies should complete and return the reply slip for attending the EGM to the Company s H Share Registrar, Computershare Hong Kong Investor Services Limited (for holders of H Shares) on or before Friday, 26 February To be valid, for holders of H Shares, the form of proxy and notarised power of attorney or other document of authorisation must be delivered to Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong not less than 24 hours before the time appointed for the EGM. Completion and return of the proxy form will not preclude you from attending and voting at the EGM in person if you so wish. For reference purpose only, the record date for determining the eligibility of members of A Shares for attending the EGM is Thursday, 10 March For more details, please refer to the notice of the EGM published on the website of the Shanghai Stock Exchange ( on Tuesday, 2 February VOTING ARRANGEMENT According to Rule 13.39(4) of the Listing Rules, any vote of shareholders at a shareholders general meeting must be taken by poll. Accordingly, the chairman of the EGM will demand a poll in relation to the proposed resolution at the EGM in accordance with Article 113 of the Articles of Association of the Company. 5

8 LETTER FROM THE BOARD The resolution proposed at the EGM is an ordinary resolution. The method of cumulative poll shall be adopted for the voting of the resolution, according to which the number of votes carried by each Share held by the Shareholders shall be equal to the number of proposed Directors and the Shareholders may concentrate their entitled votes when voting. Each Shareholder shall be entitled to such number of votes as shall be equal to the number of Shares held by him/her multiplied by the number of independent nonexecutive Directors upon whom he/she can vote. Pursuant to Rule 2.15 of the Listing Rules, where shareholders approval is required with regard to a transaction, any shareholder that has a material interest in such transaction shall abstain from voting on the resolution(s) approving such transaction at the general meeting. As far as the Directors are aware, as of the latest practicable date, no Shareholder is considered to have a material interest in the resolution proposed at the EGM and has to abstain from voting at the EGM approving the resolution. RECOMMENDATION The Board believes that the resolution mentioned above are in the best interests of the Company and the Shareholders as a whole. Accordingly, the Board recommends that all Shareholders to vote in favor of the relevant resolution to be proposed at the EGM as set out in the notice of the EGM set out in this circular. Yours faithfully, By order of the Board of the Company Jiang Jian Company Secretary 6

9 NOTICE OF THE EGM (A joint stock company incorporated in the People s Republic of China with limited liability under the Chinese corporate name 華 泰 證 券 股 份 有 限 公 司 and carrying on business in Hong Kong as HTSC) (Stock Code: 6886) NOTICE OF THE EGM NOTICE IS HEREBY GIVEN that the EGM of the Company will be held at Grand Ballroom A, 2nd Floor, Renaissance Nanjing Olympic Centre Hotel, No. 139 Aoti Street, Jianye District, Nanjing, Jiangsu Province, the PRC on Friday, 18 March 2016 at 2:00 p.m. to consider the following issues: ORDINARY RESOLUTION 1. To consider and approve the resolution regarding the election of independent non-executive Directors for the third session of the Board of the Company, with the following items to be voted upon separately: 1.1. To consider and approve the election of Mr. Chen Chuanming as an independent nonexecutive Director of the third session of the Board of the Company 1.2. To consider and approve the election of Mr. Yang Xiongsheng as an independent nonexecutive Director of the third session of the Board of the Company INFORMATION ON THE RESOLUTION Information of the resolution to be considered at the EGM and the recommendations of the Directors will be set out in detail in a circular to be despatched by the Company on Tuesday, 2 February DEFINITIONS In this announcement, the following expressions have the meanings set out below unless the context otherwise requires. Board Company Director(s) the board of directors of the Company a joint stock company incorporated in the PRC with limited liability under the corporate name 華 泰 證 券 (Huatai Securities Co., Ltd.), converted from our predecessor 華 泰 證 券 有 限 責 任 公 司 (Huatai Securities Limited Liability Company) on 7 December 2007, carrying on business in Hong Kong as HTSC, and was registered as a non-hong Kong company under Part 16 of the Companies Ordinance under the Chinese approved name of and English name of Huatai Securities Co., Ltd. ; the A shares of which are listed on the Shanghai Stock Exchange on 26 February 2010 (Stock Code: ) the director(s) of the Company 7

10 NOTICE OF THE EGM EGM Listing Rules PRC or China Shareholder(s) the first extraordinary general meeting for 2016 to be held by the Company on 18 March 2016 Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited the People s Republic of China, excluding for the purposes of this circular, Hong Kong, Macau and Taiwan the shareholder(s) of the Company By order of the Board of the Company Jiang Jian Company Secretary Jiangsu, PRC, 2 February 2016 As of the date of this announcement, the Board comprises Mr. ZHOU Yi as an executive Director; Mr. SUN Lu, Mr. WANG Shuhua, Ms. PU Baoying, Mr. SUN Hongning, Mr. ZHOU Yong, Mr. CAI Biao and Ms. XU Min as non-executive Directors; and Mr. BAI Wei, Mr. SHEN Kunrong, Mr. LIU Hongzhong, Mr. LEE Chi Ming and Mr. CHEN Zhibin as independent non-executive Directors. Notes: 1. Eligibility for attending the EGM and date of registration of members for H Shares The register of members of H Shares of the Company will be closed from Wednesday, 17 February 2016 to Friday, 18 March 2016 (both days inclusive), during which time no share transfers of H Shares will be effected. In order to attend the EGM, unregistered holders of H Shares of the Company should ensure that the relevant share certificates, accompanied by all transfer documents, are lodged with the Company s H Share Registrar, Computershare Hong Kong Investor Services Limited at Shops , 17th Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong, before 4:30 p.m. on Tuesday, 16 February Holders of H Shares whose names appear on the H Shares register of members of the Company on Friday, 18 March 2016 are entitled to attend and vote in respect of the resolution to be proposed at the EGM. 2. Proxy (1) Each Shareholder entitled to attend and vote at the EGM may appoint one or more proxies in writing to attend and vote on his/her behalf. A proxy need not be a Shareholder of the Company. (2) The instrument appointing a proxy must be in writing under the hand of the appointor or his/her attorney duly authorised in writing, or if the appointor is a legal entity, either under seal or signed by a director or a duly authorised attorney. If that instrument is signed by an attorney of the appointor, the power of attorney authorising that attorney to sign or other document of authorisation must be notarised. To be valid, for holders of H Shares, the form of proxy and notarised power of attorney or other document of authorization must be delivered to Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong not less than 24 hours before the time appointed for the EGM. (3) Any voting at the EGM shall be taken by poll. 8

11 NOTICE OF THE EGM 3. Registration procedures for attending the EGM (1) A Shareholder attending in person should present proof of identity or stock account cards when attending the EGM. In the case of attendance by proxy, the proxy should present proof of identity and the proxy form(s) from the Shareholders. If a Shareholder is a legal person, its legal representative may attend the EGM by providing his/her identify card and valid proof of its capacity as a legal representative of such Shareholder appointing such person to attend the meeting. In the case of attendance by proxy of the legal representative, the proxy should present his/her identity card and a written letter of authorisation duly issued by such legal representative when attending the EGM. (2) Shareholders of the Company intending to attend the EGM in person or by their proxies should complete and return the reply slip for attending the EGM to the Computershare Hong Kong Investor Services Limited (for holders of H Shares) at 17M Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong on or before Friday, 26 February Voting by poll According to Rule 13.39(4) of the Listing Rules, any vote of Shareholders at a Shareholders general meeting must be taken by poll. Accordingly, the chairman of the EGM will demand a poll in relation to the proposed resolution at the EGM in accordance with Article 113 of Articles of Association of the Company. The resolution proposed at the EGM is an ordinary resolution. The method of cumulative poll shall be adopted for the voting of the resolution, according to which the number of votes entitled for each Share held by the Shareholders shall be equal to the number of proposed Directors and the Shareholders may concentrate their entitled votes when voting. Each Shareholder shall be entitled to such number of votes as shall be equal to the number of Shares held by him/her multiplied by the number of independent non-executive Directors upon whom he/she can vote. 5. Miscellaneous (1) The EGM is expected to be held for no more than half a day. Shareholders attending the meeting in person or by proxy shall bear their own travelling and accommodation expenses. (2) The address of Computershare Hong Kong Investor Services Limited is: Shops , 17th Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong. (3) The registered address of the Company: No. 228 Middle Jiangdong Road Nanjing, Jiangsu Province People s Republic of China Contact Office: Board Office Telephone No.: / Fascimile No.: boardoffice@htsc.com 9