Bank of China : Announcement-Appointment of the President of the Bank

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中 國 銀 行 股 份 有 限 公 司

BANK OF CHINA LIMITED

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

(the "Bank")

(Stock Code: 3988 and 4619 (Preference Shares))

ANNOUNCEMENT

Appointment of the President of the Bank

The Board of Directors of the Bank approved the appointment of Mr. Liu Jin as the President of the Bank on 16 March 2021. The Bank has received the response from China Banking and Insurance Regulatory Commission on the approval of the appointment of Mr. Liu Jin. Mr. Liu Jin has begun to serve as the President of the Bank from 26 April 2021.

The remuneration of Mr. Liu Jin which consists of salary payable, social insurance and other income should be distributed as per relevant regulations. After the end of every year, the Personnel and Remuneration Committee of the Board of Directors shall develop a remuneration distribution and settlement plan, which will later be submitted to the Board of Directors for review before being handed over to the Shareholders' Meeting for approval. The Bank will disclose the confirmed remuneration plan. Please refer to the annual reports and relevant announcements published by the Bank for details.

The biographic details of Mr. Liu Jin are as follows:

Mr. Liu Jin, born in 1967, joined the Bank in 2021. Prior to that, Mr. Liu served as Executive Director of China Everbright Group from December 2019 to March 2021, President of China Everbright Bank from January 2020 to March 2021, and Executive Director of China Everbright Bank from March 2020 to March 2021. From September 2018 to November 2019, he worked at China Development Bank as its Executive Vice President. Mr. Liu had worked in Industrial and Commercial Bank of China (ICBC) for many years, serving as Deputy General Manager of its Shandong Branch, Vice Chairman, Executive Director, General Manager of ICBC (Europe) and General Manager of ICBC Frankfurt Branch, General Manager of the Investment Banking Department of its Head Office, and General Manager of its Jiangsu Branch. Mr. Liu graduated from Shandong University in 1993 with a Master of Arts degree. He holds the title of Senior Economist.

The Board of Directors of

Bank of China Limited

Beijing, PRC

27 April 2021

As at the date of this announcement, the directors of the Bank are: Liu Liange, Wang Wei, Lin Jingzhen, Zhao Jie*, Xiao Lihong*, Wang Xiaoya*, Zhang Jiangang*, Chen Jianbo*, Wang Changyun#, Angela Chao#, Jiang Guohua#, Martin Cheung Kong Liao#, Chen Chunhua# and Chui Sai Peng Jose#.

*  Non-executive Directors

# Independent Non-executive Directors