Zhongyuan Bank Co., Ltd. announced on November 28, 2023, the Board meeting resolved to appoint Mr. Liu Kai as the president of the Bank. His term of office will commence from the date of this announcement until the expiry of the term of the third session of the Board of the Bank. He shall be eligible for re-appointment and re- election upon the expiry of his term of office.

Biographical details of Mr. Liu Kai are as follows: Mr. Liu Kai, born in March 1971, Chinese, is a senior economist with a master's degree. Mr. Liu Kai is the deputy secretary to the party committee and president of the Bank since January 2023. Mr. Liu successively served as a member of the party committee and vice president of the Bank, the deputy secretary of the party committee of the Bank and acting president of the Bank from December 2014 to January 2023; and served as a member of the Leading Group Office and the head of the planning department for the reform and restructuring of certain city commercial banks in Henan Province from November 2013 to December 2014.

He successively served as a section member of the Henan Branch of People's Bank of China, the chief of the office of Zhengzhou central sub-branch of People's Bank of China, the secretary to the party committee and the president of Anyang central sub-branch of People's Bank of China, the assistant to the head of the Bureau of Financial Market of People's Bank of China from July 1993 to November 2013. Mr. Liu Kai obtained a bachelor's degree in law from Zhengzhou University in June 1993 and a master's degree in arts from Henan University in June 2007.