Shandong International Trust : ANNOUNCEMENT ON THE APPROVAL OF THE QUALIFICATION OF GENERAL MANAGER BY THE SHANDONG OFFICE OF CBIRC

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Shandong International Trust Co., Ltd.

山東省國際信託股份有限公司

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

(Stock Code: 1697)

ANNOUNCEMENT ON THE APPROVAL OF

THE QUALIFICATION OF GENERAL MANAGER

BY THE SHANDONG OFFICE OF CBIRC

Reference is made to the announcement of Shandong International Trust Co., Ltd. (the "Company") dated 3 February 2021. Mr. Fang Hao was appointed as the general manager of the Company, subject to the approval of his qualification by the Shandong Office of the China Banking and Insurance Regulatory Commission (the "Shandong Office of CBIRC"). The Company has recently received the Approval on the Qualification of Fang Hao as the General Manager of Shandong International Trust Co., Ltd. by the Shandong Office of CBIRC (Lu Yin Bao Jian Zhun [2021] No. 131) dated 31 March 2021 issued by the Shandong Office of CBIRC, pursuant to which, the qualification of Mr. Fang Hao as the general manager of the Company has been approved by the Shandong Office of CBIRC with effect from 31 March 2021. The appointment of Mr. Fang Hao as an executive director of the Company has been approved at the 2021 first extraordinary general meeting of the Company held on 30 March 2021 and is still subject to the approval of his qualification by the Shandong Office of CBIRC.

Please refer to the circular of the Company dated 15 March 2021 for the biography of Mr. Fang Hao. There is no change in the biography of Mr. Fang Hao up to the date of this announcement.

By order of the Board

Shandong International Trust Co., Ltd.

WAN Zhong

Chairperson

Jinan, the People's Republic of China, 7 April 2021

As at the date of this announcement, the Board comprises Mr. Wan Zhong and Mr. Yue Zengguang as executive directors; Mr. Xiao Hua, Mr. Jin Tongshui and Ms. Wang Bailing as non-executive directors; Mr. Yen Huai-chiang, Mr. Ding Huiping and Ms. Meng Rujing as independent non-executive directors.