The board of directors of Bank of Qingdao Co., Ltd. received the resignation letter tendered by Mr. Wang Lin, an executive director and president of the Bank. Due to approaching retirement age, Mr. Wang has resigned from the positions of an executive director of the eighth session of the Board, president and chairman of the Risk Management and Consumer Rights Protection Committee of the Board, a member of the Strategy Committee of the Board, a member of the Nomination Committee of the Board and a member of the Network Security and Information Technology Committee of the Board according to organizational arrangements with effect from 18 January 2023. After resignation, Mr. Wang will cease to hold any position in the Bank and its controlling subsidiaries.

Pursuant to relevant laws and regulations such as the Measures of China Banking and Insurance Regulatory Commission for the Implementation of Administrative Licensing Items for Chinese Commercial Banks, the Board agrees that before the approval on the qualification of Mr. Wu Xianming, the proposed president, by the regulatory authority, Mr. Wu Xianming will perform the duties of the president of the Bank on his behalf.