The board of supervisors of Bank of Chongqing Co., Ltd. recently received a resignation letter from Mr. PENG Daihui, an external supervisor, informing of his voluntary resignation from the position of an external supervisor of the Bank and the chairman of the Supervision and Nomination Committee of the Board of Supervisors due to the latest part-time management requisites for retirees by his former employer. Given that the resignation of Mr. PENG will result in the number of members of the Board of Supervisors of the Bank being lower than the minimum number required by the Bank's Articles of Association, Mr. PENG's resignation will take effect after the election of a new external supervisor at the general meeting of shareholders of the Bank, in accordance with laws and regulations, the Bank 's Articles of Association and other relevant provisions. Prior to this, Mr. PENG will continue to perform the duties of an external supervisor of the Bank and the chairman of the Supervision and Nomination Committee of the Board of Supervisors.