Guangzhou Rural Commercial Bank : APPROVAL ON THE QUALIFICATION OF CHAIRMAN OF THE BOARD BY THE REGULATORY AUTHORITY

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Guangzhou Rural Commercial Bank Co., Ltd.*

廣 州 農 村 商 業 銀 行 股 份 有 限 公 司 *

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

(H Share Stock code: 1551)

(Preference Share Stock code: 4618)

APPROVAL ON THE QUALIFICATION OF CHAIRMAN OF THE

BOARD BY THE REGULATORY AUTHORITY

The board of directors (the "Board") of Guangzhou Rural Commercial Bank Co., Ltd.* (the "Bank") hereby announces that the Bank has received the Approval in

relation to the Qualification of Cai Jian (Yue Yin Bao Jian Fu [2021] No. 107)（《關 於 蔡 建 任 職 資 格 的 批 覆》（粵 銀 保 監 覆[2021]107 號））, issued by the Guangdong

Bureau of China Banking and Insurance Regulatory Commission which approved the qualification of Mr. Cai Jian as the Chairman of the Bank. With effect from 30 March 2021, Mr. Cai Jian is acted as the Chairman of the Bank.

By Order of the Board

Guangzhou Rural Commercial Bank Co., Ltd.

Cai Jian

Chairman

Guangzhou, the PRC, 31 March 2021

As at the date of this announcement, the Board comprises three executive directors, namely Mr. Cai Jian, Mr. Yi Xuefei and Mr. Zhang Jian; seven non-executive directors, namely Mr. Yuan Xiaoyi, Ms. Feng Kaiyun, Mr. Zuo Liang, Mr. Zhang Junzhou, Mr. Zhuang Yuemin, Mr. Feng Yaoliang and Mr. Lai Zhiguang; and three independent non-executive directors, namely Mr. Du Jinmin, Mr. Tan Jinsong and Mr. Zhang Hua.

• Guangzhou Rural Commercial Bank 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.