Agricultural Bank of China : ANNOUNCEMENT ON THE RESOLUTION OF THE BOARD OF DIRECTORS2021-10-12

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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

The board of directors (the "Board") of Agricultural Bank of China Limited (the "Bank") issued a written notice of a meeting on 24 September 2021 (the "Meeting") and held the Meeting onsite in Beijing on 12 October 2021. 13 directors were entitled to attend, of whom 12 directors attended the Meeting in person and 1 director attended the Meeting by proxy. Mr. WANG Xinxin, due to other work arrangements, designated Mr. HUANG Zhenzhong in writing as his proxy to attend the Meeting and vote on his behalf. The Meeting was convened in compliance with the applicable laws and regulations, the articles of association of the Bank and the rules of procedure of the Board.

Mr. GU Shu, the chairman of the Board, presided over the Meeting. The following proposal was considered and approved at the Meeting:

Election of Mr. ZHANG Yi as an Executive Vice President of the Bank

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

Opinions of the independent non-executive directors of the Bank with regard to this proposal: agreed.

The Board resolved to appoint Mr. ZHANG Yi as an executive vice president of the Bank. His appointment will become effective upon the ratification of his qualification by the China Banking and Insurance Regulatory Commission.

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The biographical details of Mr. ZHANG Yi are set out below:

Mr. ZHANG Yi, born in January 1971, holds a master's degree in business administration from Renmin University of China and is a senior accountant. Mr. ZHANG successively served in several positions in China Construction Bank Corporation, including the deputy general manager of the asset and liability management department of the head office, the vice president and president of Jiangsu branch, and the general manager of the finance and accounting department of the head office. He concurrently served as the chief financial officer and the general manager of the finance and accounting department of China Construction Bank Corporation.

By Order of the Board

Agricultural Bank of China Limited

HAN Guoqiang

Company Secretary

Beijing, the PRC

12 October 2021

As at the date of this announcement, the executive directors are Mr. GU Shu, Mr. ZHANG Qingsong, Mr. ZHANG Xuguang and Mr. LIN Li; the non-executive directors are Mr. LIAO Luming, Mr. LI Qiyun, Mr. LI Wei and Ms. ZHOU Ji; 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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