Agricultural Bank of China : ANNOUNCEMENT ON THE RESOLUTION OF THE BOARD OF DIRECTORS2020-12-25

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AGRICULTURAL BANK OF CHINA LIMITED

中 國 農 業 銀 行 股 份 有 限 公 司

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1288)

ANNOUNCEMENT ON THE RESOLUTION OF

THE BOARD OF DIRECTORS

The board of directors (the "Board") of Agricultural Bank of China Limited (the "Bank") issued a written notice of a meeting on 11 December 2020 (the "Meeting") and held the Meeting onsite in Beijing on 25 December 2020. 13 directors were entitled to attend and all of them attended the Meeting. Mr. ZHOU Mubing and Mr. LIU Shouying, due to other work arrangements, designated Mr. ZHANG Qingsong and Mr. WANG Xinxin, respectively, in writing as their proxies to attend the Meeting and vote on their behalf. The Meeting was convened in compliance with the applicable laws and regulations, the articles of association of the Bank and the rules of procedure of the Board.

Mr. ZHANG Qingsong, the vice chairman of the Board, presided over the Meeting. The following proposal was considered and approved at the Meeting:

Changes in the Special Committees of the Board

Voting result: 13 valid votes, including 13 votes in favour, 0 vote against and 0 vote abstained.

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The Board has resolved and approved the following changes in the special committees of the Board:

Name of Special Committee	Changes
The Related Party Transactions	The Related Party Transactions Management Committee
Management Committee	will be re-designated from a sub-committee to the Risk
	Management/Consumers' Interest Protection Committee to a
	committee under the Board
The County Area Banking	The name will be changed to "The County Area Banking
Business/Inclusive Finance	Business and Inclusive Finance Development Committee"
Development Committee
The Audit and Compliance	The name will be changed to "The Audit and Compliance
Committee	Committee" (Note: Such change will only reflect in its
	Chinese name)
The Risk Management/Consumers'	The name will be changed to "The Risk Management and
Interest Protection Committee	Consumers' Interest Protection Committee"
The Strategic Planning Committee	1. The name will be changed to "The Strategic Planning and
	Sustainable Development Committee"; and
	2. Duties of which will be added by including "formulate
	the sustainable development strategies and goals of
	the Bank and regularly assess the risks associated with
	sustainable development and the implementation of the
	sustainable development strategies"

Save for the aforesaid changes, other compositions of the committees mentioned above will remain unchanged.

By Order of the Board

Agricultural Bank of China Limited

HAN Guoqiang

Company Secretary

Beijing, the PRC

25 December 2020

As at the date of this announcement, the executive directors are Mr. ZHOU Mubing, Mr. ZHANG Qingsong and Mr. ZHANG Xuguang; the non-executive directors are Mr. ZHU Hailin, Mr. LIAO Luming, Mr. LI Qiyun, Mr. LI Wei and Mr. WU Jiangtao; and the independent non-executive directors are Ms. XIAO Xing, Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret and Mr. LIU Shouying.

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