Huishang Bank : RESIGNATION OF AN EXTERNAL SUPERVISOR

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Huishang Bank Corporation Limited*

徽 商 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: 3698 and 4608 (Preference Shares))

RESIGNATION OF AN EXTERNAL SUPERVISOR

The board of directors (the "Board") of Huishang Bank Corporation Limited (the "Bank") announced that the board of supervisors of the Bank (the "Board of Supervisors") received the resignation tendered by Ms. Pan Shujuan, an external supervisor on October 14, 2019, resigning from the positions as an external supervisor of the Bank, the chairman and a member of the nomination committee under the Board of Supervisors (the "Nomination Committee") as she has served as an external supervisor of the Bank for six years. Ms. Pan Shujuan's resignation as an external supervisor and a member of the Nomination Committee will take effect on the date upon the formal appointment of her successor of external supervisor by the Bank, while her resignation of the chairman of the Nomination Committee will take effect on October 14, 2019. Prior to the election and appointment of the successor of chairman of the Nomination Committee, Ms. Dong Xiaolin, an external supervisor of the Bank, shall perform the duties of the chairman of the Nomination Committee.

Ms. Pan Shujuan has confirmed that she has no disagreement with the Board or the Board of Supervisors and there are no matters in relation to her resignation that need to be brought to the attention of the shareholders and creditors of the Bank or The Stock Exchange of Hong Kong Limited.

The Board of Supervisors wishes to express its appreciation for Ms. Pan Shujuan's contribution during her tenure of office.

The Bank is currently identifying a suitable candidate as the replacement external supervisor of Ms. Pan Shujuan and will make further announcements in due course.

By order of the Board

Huishang Bank Corporation Limited*

Wu Xuemin

Chairman

Hefei, Anhui Province, China

October 14, 2019

As at the date of this announcement, the Board of the Bank comprises Wu Xuemin, Zhang Renfu and He Jiehua as executive directors; Zhu Yicun, Wu Tian, Qian Dongsheng, Gao Yang, Wang Wenjin and Zhao Zongren as non-executive directors; Dai Peikun, Zhou Yana, Liu Zhiqiang, Yin Jianfeng, Huang Aiming and Hu Jun as independent non-executive directors.

• Huishang Bank Corporation Limited is not an authorized institution within the meaning of the Hong Kong 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.