Agricultural Bank of China : APPOINTMENT OF EXECUTIVE DIRECTOR AND VICE CHAIRMAN OF THE BOARD 2020-01-20

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AGRICULTURAL BANK OF CHINA LIMITED

中 國 農 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: 1288)

APPOINTMENT OF EXECUTIVE DIRECTOR AND

VICE CHAIRMAN OF THE BOARD

Reference is made to the announcement on the resolutions of the board of directors (the "Board") of Agricultural Bank of China Limited (the "Bank") dated 5 December 2019, the announcement on the resolutions of the Board dated 13 December 2019 and the announcement on the poll results of the 2019 second extraordinary general meeting dated 13 December 2019 (the "EGM"). Mr. ZHANG Qingsong was elected as an executive director of the Bank at the EGM, was elected as the chairman and a member of the County Area Banking Business/Inclusive Finance Development Committee and a member of each of the Strategic Planning Committee and the Nomination and Remuneration Committee at the meeting of the Board held on 5 December 2019 and was elected as the vice chairman of the Board at the meeting of the Board held on 13 December 2019, subject to the ratification of his qualification as a director of the Bank by the China Banking and Insurance Regulatory Commission (the "CBIRC").

The Bank received the Approval on the Qualification of Mr. ZHANG Qingsong of Agricultural Bank of China Limited (Yin Bao Jian Fu [2020] No. 35) from the CBIRC recently. According to relevant regulations and the resolutions of the Board, Mr. ZHANG Qingsong's term of office to serve as the vice chairman of the Board, an executive director of the Bank, the chairman and a member of the County Area Banking Business/Inclusive Finance Development Committee and a member of each of the Strategic Planning Committee and the Nomination and Remuneration Committee shall commence from 14 January 2020.

Please refer to the announcement on the resolutions of the Board dated 13 December 2019 for the biographical details of Mr. ZHANG Qingsong.

By Order of the Board

Agricultural Bank of China Limited

ZHOU Wanfu

Company Secretary

Beijing, the PRC

20 January 2020

As at the date of this announcement, the executive directors are Mr. ZHOU Mubing, Mr. ZHANG Qingsong and Ms. ZHANG Keqiu; the non-executive directors are Mr. XU Jiandong, Mr. CHEN Jianbo, Mr. LIAO Luming, Mr. LI Qiyun, Mr. LI Wei and Mr. WU Jiangtao and the independent non-executive directors are Ms. XIAO Xing, Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret and Mr. LIU Shouying.