The board of directors of the Bank hereby announced that the Bank has obtained the Approval from China Banking and Insurance Regulatory Commission (the "CBIRC") on the Qualification of Liao, Yi Chien David as Director of Bank of Communications, in which the qualification of Mr. Liao as the non-executive director of the Bank was approved by the CBIRC with effect from 8 May 2021. With effect from 8 May 2021, Mr. Liao also serves as a member of the Personnel and Remuneration Committee of the Board.