Jilin Jiutai Rural Commercial Bank : ANNOUNCEMENT PROPOSED EXTENSION OF THE VALIDITY PERIOD OF THE ISSUE PLANS AND RELEVANT AUTHORIZATIONS FOR THE PRIVATE PLACEMENT OF DOMESTIC SHARES AND NON-PUBLIC ISSUANCE OF H SHARES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

JILIN JIUTAI RURAL COMMERCIAL BANK CORPORATION LIMITED *

吉 林 九 台 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)

(Stock Code: 6122)

ANNOUNCEMENT

PROPOSED EXTENSION OF THE VALIDITY PERIOD

OF THE ISSUE PLANS AND RELEVANT AUTHORIZATIONS FOR THE PRIVATE PLACEMENT OF DOMESTIC SHARES AND NON-PUBLIC ISSUANCE OF H SHARES

References are made to the announcements of Jilin Jiutai Rural Commercial Bank Corporation Limited (the "Bank") dated July 12, 2018 and September 5, 2018 and the circular dated August 15, 2018 in relation to (among others) the proposed private placement of domestic shares of an amount between 200,000,000 shares and 400,000,000 shares (the "Private Placement of Domestic Shares"), and the proposed non-public issuance of H shares of an amount of not more than 151,800,000 shares (the "Non-publicIssuance of H Shares"); and the announcements dated August 23, 2019, October 24, 2019, August 28, 2020 and October 22, 2020 and the circulars dated September 13, 2019 and September 30, 2020 in relation to (among others) the proposed extension of the validity period of the issue plans and the relevant authorizations for the Private Placement of Domestic Shares and the Non-public Issuance of H Shares.

The issue plans and relevant authorizations for the Private Placement of Domestic Shares and the Non-public Issuance of H shares were approved by the shareholders of the Bank at the second extraordinary general meeting of 2018, the first domestic share class meeting of 2018 and the first H share class meeting of 2018 convened on September 5, 2018. The extension of the validity period of the issue plans and relevant authorizations for the Private Placement of Domestic Shares and the Non-public Issuance of H Shares were approved by the shareholders of the Bank at the first extraordinary general meeting of 2019, the second domestic share class meeting of 2019 and the second H share class meeting of 2019 convened on October 24, 2019, and the first extraordinary general meeting of 2020, the second domestic share class meeting of 2020 and the second H share class meeting of 2020 convened on October 22, 2020, respectively.

1

The validity period of the issue plans and relevant authorizations for the Private Placement of Domestic Shares and the Non-public Issuance of H Shares will expire on October 22, 2021. However, the Bank expects that the Private Placement of Domestic Shares and the Non- public Issuance of H Shares may not be completed by that time. In order to ensure the smooth implementation of the related work, the board of directors (the "Board") of the Bank convened a meeting on March 30, 2021, at which the Board considered and approved the resolution regarding the proposed extension of the validity period of the issue plans and relevant authorizations for the Private Placement of Domestic Shares and the Non-public Issuance of H Shares. The Board will propose to the shareholders' general meeting and the class meetings to consider and, if thought fit, approve the extension of the validity period of the issue plans and relevant authorizations for the Private Placement of Domestic Shares and the Non-public Issuance of H Shares for 12 months from the date on which the resolution regarding the extension of validity period is approved at the shareholders' general meeting and the class meetings.

Notices of the shareholders' general meeting and the class meetings and circular containing the details of the above resolution will be dispatched to the shareholders of the Bank in due course.

By order of the Board

Jilin Jiutai Rural Commercial Bank Corporation Limited*

Gao Bing

Chairman

Changchun, China

March 30, 2021

As of the date of this announcement, the Board comprises Mr. Gao Bing, Mr. Liang Xiangmin and Mr. Yuan Chunyu as executive directors; Mr. Cui Qiang, Mr. Wu Shujun, Mr. Zhang Xinyou, Mr. Wang Baocheng and Mr. Zhang Yusheng as non-executive directors; and Dr. Fu Qiong, Mr. Jiang Ning, Ms. Zhang Qiuhua, Mr. Chung Wing Yin and Mr. Yang Jinguan as independent non-executive directors.

• Jilin Jiutai Rural Commercial Bank Corporation Limited 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/deposit-taking business in Hong Kong.

2