The board of directors of Huishang Bank Corporation Limited announces that, Mr. Wang Zhaoyuan ("Mr. Wang"), a non-executive director of the Bank, has resigned as a non-executive director and member of the Strategic Development and Consumer Rights Protection Committee of the Bank on June 25, 2023 due to job re-allocation. His resignation takes immediate effect. Mr. Wang has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders or creditors of the Bank or The Stock Exchange of Hong Kong Limited.