On February 14, Yuekai Securities announced that, due to the resignation of the former Chairman Yan Yibin from the positions of Director and Chairman of the company, in order to ensure the company's governance structure and promote standardized operations, the company's Board of Directors agreed to appoint Director and President Cui Hongjun to temporarily perform the duties of Chairman and legal representative, with the proxy period starting from the date this proposal is approved until a new Chairman is elected, not exceeding 6 months.