The Board hereby announces that the Board has received the resignation of Mr. YE Baishou ("Mr. YE"), who has resigned as a non-executive director of the Bank and a member of the Development Strategy and Inclusive Finance Committee of the Board due to his retirement, the resignation of Mr. YE shall become effective from the date on which the successor non-executive director is elected by the Shareholders' general meeting of the Bank and on the date such successor non- executive director obtains the qualification approval from the regulatory authority. Mr. YE has confirmed that he has no disagreement with the Board, and there are no matters relating to his resignation that need to be brought to the attention of the Shareholders or the creditors or the Hong Kong Stock Exchange. The Board expresses sincere gratitude to Mr. YE for his contribution to the development of the Bank during his term of office.

The Board announced that, as nominated by State Development & Investment Corp., Ltd., a Shareholder, and reviewed by the Nomination and Remuneration Committee of the Board of the Bank, the Board proposed to appoint Mr. DUAN Wenwu ("Mr. DUAN") as a non-executive director of the fifth session of the Board of the Bank and a member of the Development Strategy and Inclusive Finance Committee of the Board. His term of office will commence from the date when he is elected as a non-executive director of the Bank by the Shareholders' general meeting of the Bank and his appointment qualification is approved by the relevant regulatory authority until the expiry of the term of the fifth session of the Board of the Bank. Biographical details of Mr. DUAN are set out below: Mr. DUAN Wenwu, born in 1969, has a bachelor's degree and is a senior accountant.

Mr. DUAN served as deputy manager and manager of the finance department, deputy chief accountant, chief accountant and deputy general manager of Yunnan Dachaoshan Hydropower Co., Ltd., assistant to the director of the finance and accounting department of State Development and Investment Corp, deputy general manager of SDIC Finance Co., Ltd., deputy director of the finance and accounting department of State Development and Investment Corp, deputy general manager of China National Complete Plant Import and Export Group Corporation, director of the finance and accounting department of State Development and Investment Corp, general manager of SDIC Essence (Holdings) Co., Ltd, general manager of SDIC Capital Co., Ltd., chairman and secretary of the party branch of SDIC Finance Co., Ltd., and general manager, deputy secretary of the party committee, chairman and secretary of the party committee of China National Investment and Guaranty Corporation. He is currently chairman and secretary of the party committee of SDIC Capital Co., Ltd. and a non-executive director of China International Capital Corporation Limited. Save as disclosed above, Mr. DUAN has not held any other directorship in other listed companies in the past three years or any other major appointment and qualification.

Save as disclosed above, Mr. DUAN does not have any other relationships with other directors, supervisors, senior management or substantial Shareholders of the Bank. Upon his election as a non-executive director of the Bank by the Shareholders' general meeting and the approval of his related appointment qualification by the relevant regulatory authority, Mr. DUAN will enter into a service contract with the Bank. The term of office of Mr. DUAN will commence from the date when he is elected as a director of the Bank by the Shareholders' general meeting and his appointment qualification is approved by relevant regulatory authority until the expiry of the term of office of the fifth session of the Board.

Mr. DUAN will not receive any remuneration from the Bank.