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Liu Jiahai, chairman of Xinhuabao Securities, was promoted to president

China Securities Network News (reporter Lin Qian) On July 23, the Shanghai Securities Bond Information Network released an announcement of changes in the chairman and president of Huabao Securities Co., Ltd. (hereinafter referred to as Huabao Securities). Liu Jiahai, former president of Huabao Securities, is the chairman of the new company, and Xiong Wei, former vice president of Huabao Securities, is also the president of Xinhuabao Securities and the head of finance. The above personnel changes were approved by the board of directors of Huabao Securities on July 22.

Huabao Securities said that the above personnel changes are normal personnel changes of the company and have no significant adverse impact on corporate governance, daily management, production and operation, and solvency.

According to his resume, Liu Jiahai worked in United Securities Co., Ltd. (formerly China Huacheng Finance Company) from July 1995 to October 2006, successively serving as the manager of the computer department of the securities business department of Shanghai Zhongxing Road, the deputy general manager of the securities business department of Shanghai Dalian Road, the deputy general manager of the brokerage business department of the company, the general manager of the securities business department of Shanghai Weihai Road, and from October 2006 to June 2007, he worked in Fucheng Securities Brokerage Co., Ltd. as the assistant general manager of the company.

From June 2007 to February 2021, Liu Jiahai worked in Huabao Securities Co., Ltd., successively serving as the assistant general manager, deputy general manager, general secretary of the party branch, general manager (former general manager), director, deputy secretary of the party committee and chief information officer of the company. Since February 2021, he has worked in Huabao Securities Co., Ltd., successively serving as the company's general manager, director, deputy secretary of the party committee, chief information officer, and financial leader.

Similarly, Xiong Wei is also an "old man" in the securities industry. From July 1995 to October 1998, Xiong Wei worked at Hunan Nonferrous Securities; From November 1998 to June 2007, he worked in United Securities, successively serving as the manager of the trading department, customer service department and office department of Changsha Sales Department in Changsha, Hunan, the operation performance analysis post of the headquarters brokerage business department, the assistant general manager of the changsha sales department in Hunan, the acting general manager of the Shiyan sales department in Hubei, the business director of the customer service center of the headquarters brokerage business department, and the general manager of the business department of Shanghai Xiabi Road.

From July 2007 to October 2009, Xiong Wei worked at Huatai United Securities as the general manager of Shanghai Wuding Road Sales Department; from November 2009 to September 2016, Xiong Wei worked in Huatai Securities as the general manager of Shanghai Wuding Road Sales Department: From October 2016 to February 2021, Xiong Wei worked in Huabao Securities Co., Ltd. as senior vice president (former deputy general manager) of the company. Since February 2021, Xiong Wei has worked in Huabao Securities Co., Ltd. and has served as the company's senior vice president.

Huabao Securities is a comprehensive securities company with brokerage, self-operation, investment consulting, asset management, margin financing, stock pledge repurchase, securities sponsorship underwriting, financial advisory business qualifications, with distinct business characteristics, the company's main business is mainly composed of securities brokerage business, self-operated business, asset management business, investment banking business and other five major sectors.

In March this year, the website of the Shanghai Securities Regulatory Bureau updated the report of China International Capital Corporation Limited (hereinafter referred to as CICC) on the filing of Huabao Securities' initial public offering and listing counseling, and Huabao Securities entered the listing counseling period on March 12.

In terms of shareholders, Huabao Investment Co., Ltd. (hereinafter referred to as "Huabao Investment") and Huabao Trust Co., Ltd. (hereinafter referred to as "Huabao Trust") hold 83.07% and 16.93% of the equity of Huabao Securities respectively; China Baowu Iron and Steel Group Co., Ltd. (hereinafter referred to as "China Baowu") holds 100% of the equity of Huabao Investment and 98% of the equity of Huabao Trust; and the State-owned Assets Management Commission of the State Council (hereinafter referred to as the State-owned Assets Supervision and Administration Commission of the State Council) holds 100% of the equity of China Baowu. Therefore, the State-owned Assets Supervision and Administration Commission of the State Council controls 99.66% of the equity of Huabao Securities through China Baowu, Huabao Investment and Huabao Trust, and is the actual controller.

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