The board of directors of Bank of Qingdao Co., Ltd. received the resignation letter tendered by Mr. Tingjie ZHANG, an independent non-executive director of the Bank. Since Mr. Zhang and his family have moved abroad, he has resigned as an independent non-executive director of the eighth session of the Board, the chairman of the Nomination Committee of the Board and a member of each of the Strategy Committee of the Board, the Remuneration Committee of the Board, the Audit Committee of the Board and the Related Party Transactions Control Committee of the Board. The resignation of Mr. Zhang shall be effective from the start of the term of the newly appointed independent non-executive director.

After his resignation becomes effective, Mr. Zhang will cease to hold any position in the Bank and its controlling subsidiaries.