China Zheshang Bank Co. Ltd. announced the appointment of Mr. Luo Feng as Joint Company Secretary, effective from December 19, 2023. His term of office will expire upon the expiry of the term of office of the sixth session of the Board.

Ms. Chan Yin Wah ("Ms. Chan"), the current company secretary of the Bank, will act as the other Joint Company Secretary with effect from the same date to assist Mr. Luo in discharging his duties. Mr. Luo Feng, aged 44, is currently a member of the Communist Party of China committee, the Vice President and the Secretary to the Board (qualification as the Secretary to the Board is subject to the ratification of regulatory authority). He holds a doctoral degree.

Mr. Luo worked as manager assistant of financial market research center of treasury department, manager assistant of business management center, deputy manager and manager of business management center of treasury department, risk monitoring officer and General Manager assistant of treasury department, manager of risk management center, deputy General Manager and deputy General Manager of treasury department of the Bank, and assistant to President and General Manager of Financial Market Department of the Bank. Mr. Luo does not currently possess the qualification of company secretary. However, considering, among other things, Mr. Luo's extensive experience in financial management and business operations in the banking industry and his extensive knowledge of the day-to-day business operations and financial matters of the Bank, the Bank is of the view that the appointment of Mr. Luo as a Joint Company Secretary is in the interest of the Bank and will promote its corporate governance.

The Board is of the view that Mr. Luo is a suitable candidate to act as a Joint Company Secretary.