The Board of Jinshang Bank Co., Ltd. announce that, at the 20th meeting of the fifth session of the Board held on June 10, 2021, Ms. Hao Qiang was elected as the Chairwoman of the fifth session of the Board. Mr. Zhang Yunfei was elected as the Vice Chairman of the fifth session of the Board. The qualification of Ms. Hao Qiang as the Chairwoman and the qualification of Mr. Zhang Yunfei as the Vice Chairman are subject to the approval by the CBIRC Shanxi Office and their terms of office will commence from the date of such approvals. The duties of the Chairman of the Board and the legal representative of the Bank will be performed by Ms. Hao Qiang prior to obtaining the approval of her qualification as the Chairwoman of the Board. The Board announce that, at the 20th Board Meeting, the Board adopted a resolution in view of change of Directors of the Board to adjust the composition of the fifth session of the Board committees as follows: The Development and Strategy Committee is comprised of five Directors, namely Ms. Hao Qiang as the chairperson, Mr. Jin Haiteng as the vice chairperson, and Mr. Zhang Yunfei, Mr. Li Shishan and Mr. Duan Qingshan as members. The Risk Management Committee is comprised of five Directors, namely Mr. Sai Zhiyi as the chairperson, Mr. Jin Haiteng as the vice chairperson, and Mr. Zhang Yunfei, Mr. Wang Jianjun and Mr. Duan Qingshan as members. The Related Parties Transactions Control Committee is comprised of four Directors, namely Mr. Jin Haiteng as the chairperson, Mr. Sun Shihu as the vice chairperson, and Mr. Zhang Yunfei and Mr. Wang Liyan as members. The Nomination, Remuneration and HR Committee is comprised of five Directors, Namely Mr. Jin Haiteng as the chairperson, Mr. Duan Qingshan as the vice chairperson, and Ms. Hao Qiang, Mr. Xiang Lijun and Mr. Sai Zhiyi as members. The Board announces that, due to work re-arrangement, Ms. Xu Jin (" Ms. Xu ") has tendered her resignation as a Shareholders' representative Supervisor of the Bank with immediate effect. Ms. Xu has confirmed that she has no disagreement with the Board, the Board of Supervisors and the Bank, and there are no matters relating to her resignation that need to be brought to the attention of the Bank as well as the Shareholders or the creditors of the Bank.