BOC Hong Kong () : announces appointment of Deputy Chief Executive

8 July 2019

BOC Hong Kong (Holdings) announces appointment of

Deputy Chief Executive

BOC Hong Kong (Holdings) Limited ("the Company", Stock Code "2388"; ADR OTC Symbol: "BHKLY". The Company and its subsidiaries are collectively referred to as "the Group") today announced that with effect from 8 July 2019, Mr. Qiu Zhikun (邱智坤) has been appointed as Deputy Chief Executive (Southeast Asia Business) of the Group.

Prior to joining the Group, Mr. Qiu was General Manager of Singapore Branch of Bank of China Limited ("BOC"). Mr. Qiu had held various positions in BOC since he joined BOC in 1992. He served as Head of American Division, Assistant General Manager and Deputy General Manager of Overseas Institutions Management Department as well as General Manager of Johannesburg Branch of BOC, etc. Mr. Qiu had long been performing management duties for the BOC Group's overseas institutions, and possesses an international perspective as well as extensive management experience. Mr. Qiu graduated from the University of International Relations with a Bachelor's Degree in International Politics. He also obtained a Master's Degree in Finance from the Renmin University of China.

The Board welcomes Mr. Qiu Zhikun to the Group.

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About BOC Hong Kong (Holdings) Limited

BOC Hong Kong (Holdings) Limited ("the Company") holds the entire equity interest of Bank of China (Hong Kong) Limited ("BOCHK"), its principal operating subsidiary. Bank of China Limited (stock code "3988" and "4601" (Preference Shares)) holds approximately 66.06% of the equity interest in the Company through BOC Hong Kong (BVI) Limited, an indirect wholly-owned subsidiary of Bank of China Limited ("BOC"). The Company began trading on the main board of the Stock Exchange of Hong Kong on 25 July 2002 and is one of the largest listed companies and commercial banking groups in Hong Kong, with stock code "2388" and ADR OTC Symbol: "BHKLY".

BOCHK has strong market positions in all major businesses. We have the most extensive local branch network and diverse service channels, including approximately 200 branches, 270 automated banking centres, efficient e-channels of over 1,000 self-service machines, as well as Internet and Mobile Banking services. We offer a comprehensive range of financial, investment and wealth management services to personal, corporate and institutional customers. To implement the overseas development strategy of BOC Group, we strive to drive our regional development by expanding our business in the Southeast Asian region. Our branches and subsidiaries have been extended to Southeast Asian countries such as

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Thailand, Malaysia, Vietnam, the Philippines, Indonesia, Cambodia, Laos and Brunei, with the provision of professional and high-quality financial services to local customers. We will also expedite our development into a top-class,full-service and internationalised regional bank.

BOCHK is one of the three note-issuing banks and the sole clearing bank for Renminbi ("RMB") business in Hong Kong. With our strong RMB franchise, we are the first choice of customers in this business. Through the deep collaboration with our parent bank, BOC, we provide a full range of high quality cross-border services to multinationals, cross-border customers, mainland enterprises going global, central banks and super-sovereign organisations.

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