Bank of Gansu : RESIGNATION OF EXTERNAL SUPERVISOR

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BANK OF GANSU CO., LTD.*

甘 肅 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: 2139)

RESIGNATION OF EXTERNAL

SUPERVISOR

The board of directors (the "Board") of Bank of Gansu Co., Ltd. (the "Bank") announces that Mr. Yang Zhenjun ("Mr. Yang") tendered his resignation to the board of supervisors of the Bank (the "Board of Supervisors") from his offices as an external supervisor of the Bank, the chairman of the nomination committee (the "Nomination Committee") and a member of the audit committee (the "Audit Committee") under the Board of Supervisors on October 16, 2019 due to work rearrangement.

The Bank is currently identifying a suitable candidate as the replacement of Mr. Yang as an external supervisor, and will make a further announcement in due course. Mr. Yang will continue to perform his duties as an external supervisor of the Bank, the chairman of the Nomination Committee and a member of the Audit Committee until the new supervisor is appointed. Mr. Yang's resignation as an external supervisor of the Bank, the chairman of the Nomination Committee and a member of the Audit Committee will take effect from the date when the new external supervisor of the Bank formally assumes his/her role.

Mr. Yang has confirmed that he has no disagreement with the Board and the Board of Supervisors and there are no circumstances related to his resignation which need to be brought to the attention of the shareholders and creditors of the Bank, or The Stock Exchange of Hong Kong Limited.

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The Board of Supervisors would like to take this opportunity to express its gratitude to Mr. Yang for his contribution to the Bank's development during his term of office.

By Order of the Board

Bank of Gansu Co., Ltd.*

Liu Qing

Chairman

Lanzhou, Gansu

October 16, 2019

As at the date of this announcement, the Board comprises Mr. LIU Qing and Mr. WANG Wenyong as executive directors; Ms. WU Changhong, Ms. ZHANG Hongxia, Mr. GUO Jirong, Mr. ZHANG Youda and Mr. LIU Wanxiang ** as non-executive directors; and Ms. TANG Xiuli, Ms. LUO Mei, Mr. WONG Sincere and Mr. DONG Ximiao as independent non-executive directors.

• Bank of Gansu Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking/deposit-taking business in Hong Kong.
• The qualification of Mr. Liu Wanxiang as a director is subject to approval of the competent regulatory authority.

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