The board of directors of CHINA BOHAI BANK CO., LTD announce that, based on the results of the Open Selection and upon the consideration and approval of the Board, Mr. QU Hongzhi has been appointed as a professional manager to serve as the president of the Bank, Mr. DU Gang, Mr. ZHAO Zhihong, Mr. ZHU Yingyu, Mr. XIE Kai and Mr. JIN Chao have been appointed as the professional managers to serve as the vice presidents of the Bank. Their terms of office will be for a period of three years commencing from May 28, 2021, with Mr. ZHU Yingyu, Mr. XIE Kai and Mr. JIN Chao assuming their duties from the date of the approval of their appointment qualifications by the China Banking and Insurance Regulatory Commission (the "CBIRC") (the "Approval") and Mr. LI Yi and Mr. WU Siqi continuing to assume their duties until the Approval is granted to any one of Mr. ZHU Yingyu, Mr. XIE Kai and Mr. JIN Chao. Mr. QU Hongzhi, born in 1969, is a senior economist with a master's degree in finance and a doctor's degree in management. He once worked in China Construction Bank Corporation, where he served as the general manager of asset security department and general manager of legal affairs department of Tianjin branch, the president of Nankai sub-branch, the president of Heping sub-branch, an assistant to the president, a vice president and a member of the party committee of Tianjin branch, and the deputy secretary of the party committee and a vice president of Jiangsu branch. He currently serves as the deputy secretary of the party committee, an executive Director and the president of the Bank. The Bank has entered into a service contract with Mr. QU in relation to his appointment as an executive Director for a term of three years commencing from the date that Mr. QU was elected as an executive Director of the fifth session of the Board of the Bank at the general meeting (i.e. December 16, 2019). Mr. ZHAO Zhihong, born in 1966, is a senior economist with a doctor's degree. He once worked in China Construction Bank Corporation, where he served as a deputy division director of the general business division of the credit management department, a deputy division director of sub-branches supervision division III, the division director of the risk study division, and a manager of the general division at the credit risk management department, a manager and senior manager of authorization management division and a senior risk manager at the risk management department, a senior risk manager and deputy general manager of the quality and efficiency control department, a deputy general manager of the product and quality management department, and a deputy general manager of the product innovation and management department.