Bank of China Limited announced that the 2022 Second Extraordinary General Meeting of the Bank held on 19 December 2022 elected Mr. Zhang Yong as Non-executive Director of the Bank. The Bank has received the response from the National Administration of Financial Regulation on the approval of the appointment of Mr. Zhang Yong. Mr. Zhang Yong has begun to serve as Non-executive Director of the Board of Directors of the Bank as well as member of the Strategic Development Committee, member of the Audit Committee and member of the Risk Policy Committee of the Board, with effect from 9 June 2023, while Non-executive Director Mr. Huang Binghua ceased to serve as member of the Audit Committee of the Board with effect from the same day.

The term of office of Mr. Zhang Yong as Non-executive Director of the Bank is three years. The Board welcomes the joining of Mr. Zhang Yong. Mr. Zhang Yong, born in 1968, has served as Non-executive Director of the Bank since June 2023.

From January 2019 to May 2023, he served as Non-executive Director of China Development Bank. From September 2017 to January 2019, he served as Non-executive Director of China Export & Credit Insurance Corporation. From November 2002 to August 2017, he worked as Deputy General Manager of the Information Management Department and Head of Information Release Division of the Head Office of Industrial and Commercial Bank of China.

Mr. Zhang graduated from Renmin University of China with a Bachelor's Degree of Science in July 1990 and obtained a Master's Degree in Economics from Renmin University of China in January 2000. He holds the title of Senior Economist. Non-executive Directors of the Bank (excluding Independent Non-executive Directors) do not receive remuneration from the Bank.

Their remuneration shall be paid by Central Huijin Investment Ltd.