Bank of China : Announcement-Resolutions of the Board of Directors

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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)

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

ANNOUNCEMENT

Resolutions of the Board of Directors

Bank of China Limited (the "Bank") held the 2021 fourth meeting of the Board of Directors and the meeting was held as an on-site meeting on 29 April 2021 in Beijing. The meeting notice was sent to all Directors and Supervisors of the Bank on 15 April 2021 by means of written documents and emails. 14 Directors were eligible to attend the meeting and 13 Directors attended the meeting in person. Independent Non-executive Director Mr. Wang Changyun did not attend the meeting due to other important business engagements and appointed Independent Non-executive Director Mr. Jiang Guohua as his authorized proxy to attend and vote on his behalf. Non-voting attendees to the meeting included members of the Board of Supervisors and the Senior Management. The convening of the meeting is in compliance with applicable laws, administration regulations, bylaws, normative documents, including the Company Law of the People's Republic of China, and the Articles of Association of Bank of China Limited. Chairman Mr. Liu Liange chaired the meeting. The following proposals were considered and approved by open ballot by the Directors who were present at the meeting:

1. 2021 First Quarter Reports of Bank of China

For: 14

Against: 0

Abstain: 0

For details, please refer to the 2021 First Quarter Reports of Bank of China published on the websites of the Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the Bank (www.boc.cn) on the same day.

2. Outline of 14th Five-Year Development Plan for Bank of China and Long-Range Objectives through the Year 2035

For: 14

Against: 0

Abstain: 0

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3. The 14th Five-Year Green Financial Plan for Bank of China

For: 14

Against: 0

Abstain: 0

4. Dividend Distribution Plan of Domestic Preference Shares (Third and Fourth Tranche) of Bank of China

For: 14

Against: 0

Abstain: 0

Independent Non-executive Directors commented on this proposal as follows: Agree.

The payment of dividend on Domestic Preference Shares (Third Tranche) in RMB on 28 June 2021 in accordance with their terms of issuance and at a rate of 4.5% be and is hereby approved. The size of dividend is RMB3.285 billion.

The payment of dividend on Domestic Preference Shares (Fourth Tranche) in RMB on 30 August 2021 in accordance with their terms of issuance and at a rate of 4.35% be and is hereby approved. The size of dividend is RMB1.1745 billion.

The Board of Directors of

Bank of China Limited

Beijing, PRC

29 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

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