Bank of Communications Co., Ltd. announced that due to work reassignment, Mr. Liu Jun has submitted to the board of directors of the Bank a written report, pursuant to which he resigned as the vice chairman of the Board, an executive director as well as a member of the Strategy Committee (Inclusive Finance Development Committee) under the Board and the chairman of the Social Responsibility (Environmental, Social and Governance) and Consumer Protection Committee under the Board with effect from 14 May 2024. Mr. Liu Jun has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders and creditors of the Bank. During his tenure as the vice chairman of the Board, an executive director and the president, Mr. Liu Jun has been diligent and dedicated, leading the senior management to conscientiously implement the national economic and financial policies, implement various decisions and deployments of the Board and continuously promote the plan and strategic implementation of the "14th Five-Year Plan".

Also, he has made important contributions to the Bank's efforts in various aspects, including serving the real economy, achieving business management goals, enhancing comprehensive competitiveness and achieving high-quality development.