Bank of Communications Co., Ltd. at its extraordinary general meeting held on 25 September 2025, approved the appointment of Ms. Liu Ruixia as an independent non-executive director of the eleventh session of the Board. Mr. Luo Xiaopeng, a Director of the tenth session of the Board, retired from his positions after the conclusion of the EGM. Mr. Luo Xiaopeng had always been diligent and committed to his work during his tenure of service, and made significant contributions to the effective functioning of the Board, as well as the promotion of the reform and development of the Bank.

The Board announced that the first meeting of the eleventh session of the Board was held on 25 September 2025 and the following resolutions were considered and approved at the meeting: The establishment of the Strategy Committee (Inclusive Finance Development Committee) under the eleventh session of the Board with Mr. Ren Deqi serving as the chairman and Mr. Zhang Baojiang, Mr. Mu Guoxin, Mr. Ai Dong, Mr. Ma Jun serving as the members, the other committee member shall be a director subsequently nominated by the Ministry of Finance; The establishment of the Audit Committee under the eleventh session of the Board with Ms. Li Xiaohui serving as the chairwoman and Mr. Chang Baosheng, Mr. Mu Guoxin, Mr. Zhang Xiangdong, Mr. Wong Tin Chak, Mr. Xiao Wei serving as the members, the other committee member shall be a director subsequently nominated by the Ministry of Finance; The establishment of the Risk Management and Related Party Transactions Control Committee under the eleventh session of the Board with Mr. Zhang Xiangdong serving as the chairman and Mr. Yin Jiuyong, Mr. Ma Jun, Mr. Wong Tin Chak, Ms. Liu Ruixia as the members, the other committee member shall be a director subsequently nominated by the Ministry of Finance; The establishment of the Personnel and Remuneration Committee under the eleventh session of the Board with Mr. Xiao Wei serving as the chairman and Mr. Liao, Yi Chien David, Ms. Li Xiaohui, Ms. Liu Ruixia serving as the members, the other committee member shall be a director subsequently nominated by the Ministry of Finance; The establishment of the Social Responsibility (Environmental, Social and Governance) and Consumer Protection Committee under the eleventh session of the Board with Mr. Zhang Baojiang serving as the chairman and Mr. Zhou Wanfu, Mr. Chang Baosheng, Mr. Chan Siu Chung serving as the members, the other committee member shall be the employee director elected by the employee representative meeting of the Bank. Ms. Liu Ruixia shall start to perform her respective duties after her qualification of serving as a Director being approved by the National Financial Regulatory Administration. Before Ms. Liu Ruixia's qualification as a Director is approved, Mr. Shi Lei will continue to serve members of the relevant special committees of the Bank in accordance with relevant laws, regulations, and the Articles of Association.