Bank of Jinzhou : APPOINTMENT OF THE CHAIRMAN OF THE BOARD OF SUPERVISORS

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Bank of Jinzhou Co., Ltd.*

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

(Stock Code: 0416)

(Stock Code of Preference Shares: 4615)

APPOINTMENT OF THE CHAIRMAN OF THE BOARD OF SUPERVISORS

The board of directors (the "Board") of Bank of Jinzhou Co., Ltd. (the "Bank") hereby announces that, on 10 March 2021, the board (the "Board of Supervisors") of Supervisors (the "Supervisors") held a meeting and Mr. Wang Zunzhou (ˮయψ) ("Mr. Wang"), an employee representative Supervisor, has been appointed as the chairman of the Board of Supervisors with immediate effect until the expiry of the term of the sixth session of the Board of Supervisors.

In addition, the Bank has entered into a service contract with Mr. Wang on the same date. In his capacity as an employee representative Supervisor, Mr. Wang shall not be entitled to receive any remuneration from the Bank but is entitled to receive discretionary bonus payments€as may be reviewed and recommended by and at the discretion of the nomination and remuneration committee of the Board). In respect of his other roles with the Bank, Mr. Wang is entitled to a monthly basic salary of approximately RMB39,000, an annual performance bonus to be determined in accordance with factors such as his performance appraisal and actual working hours, transportation allowance, and insurance and provident fund in accordance with the PRC laws and regulations. The Bank will also disclose the total emoluments of Mr. Wang in the annual reports of the Bank accordingly.

By order of the Board

Bank of Jinzhou Co., Ltd.*

Wei Xuekun

Chairman

Jinzhou, Liaoning Province, the PRC

10 March 2021

As at the date of this announcement, the Board comprises Mr. Wei Xuekun, Mr. Guo Wenfeng, Mr. Kang Jun, Mr. Yang Weihua and Mr. Yu Jun, as executive directors; Mr. Zhao Chuanxin, Ms. Ning Jie, Ms. Gu Jihong, Mr. Lyu Fei and Mr. Luo Nan, as non-executive directors; Mr. Wu Jun, Mr. Xie Taifeng, Mr. Xiao Geng, Mr. Wang Xiongyuan and Mr. Su Mingzheng as independent non-executive directors.

*Bank of Jinzhou Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.