Agricultural Bank of China : ANNOUNCEMENT ON THE RESOLUTION OF THE BOARD OF DIRECTORS

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AGRICULTURAL BANK OF CHINA LIMITED

中 國 農 業 銀 行 股 份 有 限 公 司

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1288)

ANNOUNCEMENT ON

THE RESOLUTION OF THE BOARD OF DIRECTORS

1. meeting (the "Meeting") of the board of directors (the "Board") of Agricultural Bank of China Limited (the "Bank") was held by way of written resolution. The Bank issued the notice of the Meeting and the related proposal in writing on 5 December 2019, and the deadline for the voting is 13 December 2019. The Meeting and voting were conducted in compliance with the applicable laws and regulations, the articles of association of the Bank and the rules of procedure of the Board.

The Board considered and approved the following proposal at the Meeting:

Election of Mr. ZHANG Qingsong as the Vice Chairman of the Board

Voting result: 13 valid votes, including 13 votes in favour, 0 vote against and 0 vote abstained.

It was resolved at the Meeting to elect Mr. ZHANG Qingsong as the vice chairman of the Board, and his term of office shall commence upon the ratification of his qualification as a director of the Bank by the China Banking and Insurance Regulatory Commission.

Please refer to the Appendix to this announcement for biographical details of Mr. ZHANG Qingsong.

By Order of the Board

Agricultural Bank of China Limited

ZHOU Wanfu

Company Secretary

Beijing, the PRC

13 December 2019

As at the date of this announcement, the executive directors are Mr. ZHOU Mubing and Ms. ZHANG Keqiu; the non-executive directors are Mr. XU Jiandong, Mr. CHEN Jianbo, Mr. LIAO Luming, Mr. LI Qiyun, Mr. LI Wei and Mr. WU Jiangtao and the independent non-executive directors are Ms. XIAO Xing, Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret and Mr. LIU Shouying.

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APPENDIX - BIOGRAPHIC DETAILS OF MR. ZHANG QINGSONG

Mr. ZHANG Qingsong, born in September 1965, received a master's degree majoring in international finance from the Graduate School of People's Bank of China and is an associate researcher. He has been the president of Agricultural Bank of China Limited since November 2019. Mr. ZHANG successively served in several positions in the Bank of China, including the deputy general manager of the Asset - Liability Management Department, deputy general manager of the Treasury, director of the Global Markets Department, director of the Global Markets Unit, general manager of the Global Markets Unit, general manager of the Hong Kong Trading Center (Hong Kong Branch), general manager of Singapore Branch and general manager of the Clearing Department, executive vice president and executive director. He also previously served as vice chairman and president of the Export-Import Bank of China.

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