Guangzhou Rural Commercial Bank : ELECTION OF EMPLOYEE SUPERVISORS OF THE THIRD SESSION OF THE BOARD OF SUPERVISORS

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Guangzhou Rural Commercial Bank Co., Ltd.*

ᄿψ༵ӀਠุვБٰ΅Ϟࠢʮ̡*

(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)

ELECTION OF EMPLOYEE SUPERVISORS OF THE THIRD SESSION OF THE BOARD OF SUPERVISORS

This announcement is made pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

Recently, the Bank was informed by the board of supervisors (the "Board of Supervisors") that Ms. Wang Xigui, Ms. He Heng and Mr. Lai Jiaxiong have been elected by the employee representative meeting of the Bank as employee supervisors of the third session of the Board of Supervisors.

Details of the above employee supervisors are set out below:

Ms. Wang Xigui ("Ms. Wang"), aged 55, holds a bachelor's degree and is an accountant. She currently serves as the chairman and employee supervisor of the second session of the Board of Supervisors of the Bank. Ms. Wang served as the chairman of the board of supervisors of City Investment Group and Water Investment Group despatched by the SASAC of Guangzhou City ( ᄿψ̹਷༟։̮ݼ̹ ۬ҳණྠʿ̹˥ҳණྠ ), the researcher of the accounting office and general office of Guangzhou Municipal Finance Bureau, the deputy general manager of the financial department, the deputy general manager (in charge) and general manager of information technology department/channel management department of Guangzhou branch of PICC Property and Casualty Company Limited ( ʕ਷ɛ͏ৌପڭᎈٰ΅ Ϟࠢʮ̡ ); a member of finance section of freight insurance department, as well as deputy section chief, section chief and assistant to director of finance and accounting department of Guangzhou branch of People's Insurance Company of China ( ʕ਷ɛ ͏ڭᎈʮ̡ ).

Ms. He Heng ("Ms. He"), aged 51, holds a master's degree and is an economist. She currently serves as the employee supervisor of the second session of the Board of Supervisors, the general manager of the office of the Board of Supervisors, the general manager of the rural financial restructuring office of the Bank, and concurrently the chairman of the board of supervisor of Zhujiang Financial Leasing Co., Ltd. ( मϪږ ፄॡ༣Ϟࠢʮ̡ ). Ms. He served as deputy general manager (in charge), general manager of the performance management department, and the chief senior manager of investment and institution management department of the Bank, assistant to the president of Zhujiang Financial Leasing Co., Ltd., senior staff member, principal staff member, deputy investigator and deputy director of policy and regulations division, deputy director and deputy director (in charge) of business innovation regulatory and cooperation division of Guangdong Banking and Regulatory Bureau ( ᄿ؇ვ္҅ ), a staff member, and member of deputy director of the monetary credit and statistics division of the business management department and a senior staff member, principal staff member of regulatory division of foreign banks and other financial institutions of Guangzhou branch of People's Bank of China ( ʕ਷ɛ͏ვБ ). She served as a temporary employee of the Guangdong branch of Industrial and Commercial Bank of

China ( ʕ਷ʈਠვБٰ΅Ϟࠢʮ̡ ).

Mr. Lai Jiaxiong ("Mr. Lai"), aged 46, holds a master's degree. He currently serves as the employee supervisor of the second session of Board of Supervisors and the general manager of the compliance and legal affairs department (anti-money laundering center and consumer rights protection center). Mr. Lai served as the general manager of the compliance and legal affairs department (consumer rights protection center), the deputy general manager of the compliance and legal affairs department, the general manager of the credit management center and the deputy general manager of the compliance and risk management headquarters, and the chief senior manager of the risk management department, the chief senior manager of village bank business department (institutional development department) and deputy general manager of credit approval department of the Bank. Mr. Lai used to serve as a member of the planning and credit department of Guangzhou Rural Credit Cooperative Association ( ᄿψ̹༵Ӏڦ͜ΥЪᑌ ٟ ), the section member of the loan approval committee, the deputy general manager of the loan approval department, the deputy director of Huangpu Credit Cooperative Association ( රࡼڦٟ͜ ) and the chairman of Huixian Zhujiang Village Bank (ሾ ጤमϪӀᕄვБ ).

Save as disclosed above, Ms. Wang Xigui, Ms. He Heng and Mr. Lai Jiaxiong have not held any position in the Bank or any other member companies of the Bank, nor did they hold any directorship in other listed companies in the past three years.

LENGTH OF SERVICE AND EMOLUMENT

The term of office of Ms. Wang Xigui, Ms. He Heng and Mr. Lai Jiaxiong shall be until the expiry of the term of the third session of Board of Supervisors. Ms. Wang Xigui, Ms. He Heng and Mr. Lai Jiaxiong will not receive any remuneration as supervisors.

RELATIONSHIPS

Ms. Wang Xigui, Ms. He Heng and Mr. Lai Jiaxiong do not have any relationship with any directors (the "Directors"), supervisors or senior management or any management shareholders, substantial or controlling shareholders of the Bank.

INTEREST IN SHARES

So far as the Directors are aware, as of the date of this announcement, Mr. Lai Jiaxiong holds 452,224 domestic shares of the Bank, accounting for 0.005% of the issued share capital of the Bank. Ms. Wang Xigui and Ms. He Heng do not have any interest in the shares of the Bank (as defined in Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)).

OTHERS

Save as disclosed above, there is no any information in respect of the appointment of the above employee supervisors that needs to be disclosed pursuant to Rules 13.51(2) (h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, nor are there any other matters that need to be brought to the attention of the shareholders of the Bank.

By order of the Board

Guangzhou Rural Commercial Bank Co., Ltd.*

Vice Chairman

Yi Xuefei

Guangzhou, the PRC, February 25, 2021

As at the date of this announcement, the Board comprises two executive directors, namely Mr. Yi Xuefei and Mr. Zhang Jian; three non-executive directors, namely Mr. Su Zhigang, Mr. Liu Guojie and Mr. Zhu Kelin; and four independent non-executive directors, namely Mr. Liu Shaobo, Mr. Liu Heng, Mr. Song Guanghui and Mr. Zheng Jianbiao.

* 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.