Agricultural Bank of China : CHANGE IN DIRECTORS2021-11-26

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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)

CHANGE IN DIRECTORS

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Reference is made to the announcement on the poll results of the 2021 second extraordinary general meeting dated 9 July 2021 (the "EGM") and the announcement on the resolutions of the board of directors (the "Board") dated 17 June 2021 of Agricultural Bank of China Limited (the "Bank"). Mr. WU Liansheng was elected as an independent non-executive director of the Bank at the EGM subject to the ratification of his qualification as a director of the Bank by the China Banking and Insurance Regulatory Commission (the "CBIRC").

The Bank has received the Approval on the Qualification of Mr. WU Liansheng of Agricultural Bank of China Limited (Yin Bao Jian Fu [2021] No. 908) from the CBIRC recently. According to relevant regulations, Mr. WU Liansheng's term of office to serve as an independent non-executivedirector of the Bank shall commence from 19 November 2021.

Please refer to the announcement on the resolutions of the Board of the Bank dated 17 June 2021 for the biographical details of Mr. WU Liansheng. As at the date of this announcement, there has been no change to such biographical details.

1

DEPARTURE OF DIRECTOR

According to the relevant provisions of applicable laws and regulations and articles of associations of the Bank, Ms. XIAO Xing ceased to serve as an independent non-executive director of the Bank due to the expiry of her term of office, following Mr. WU Liansheng's qualification being ratified by the CBIRC. Ms. XIAO Xing will no longer serve as the chairman and a member of the Audit and Compliance Committee, a member of each of the Strategic Planning and Sustainable Development Committee, the County Area Banking Business and Inclusive Finance Development Committee and the Nomination and Remuneration Committee of the Board. The Bank will elect the chairman of the Audit and Compliance Committee as soon as practicable according to the relevant regulations.

Ms. XIAO Xing has confirmed that she has no disagreement with the Board and does not have any matters in relation to her departure that should be brought to the attention of the shareholders or creditors of the Bank.

The Board would like to express its sincere gratitude to Ms. XIAO Xing for her significant contribution to the Bank's development during her tenure of office.

By Order of the Board

Agricultural Bank of China Limited

HAN Guoqiang

Company Secretary

Beijing, the PRC

26 November 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 Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret, Mr. LIU Shouying and Mr. WU Liansheng.

2