The board of directors of Bank of Chongqing Co., Ltd. recently received a resignation letter from Mr. RAN Hailing, an executive director and the president of the Bank. Mr. RAN has tendered his resignation to the Board as an executive director, the president of the Bank, the chairman of the information technology guidance committee, and a member of each of the strategy and innovation committee and the risk management committee under the Board, due to reaching the age of retirement. Pursuant to the requirements under relevant laws and regulations and the articles of association of the Bank, the resignation of Mr. RAN takes effect from August 2, 2023.

Upon his resignation, Mr. RAN ceases to hold any position with the Bank. Mr. RAN confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Bank. Mr. RAN has served in a leadership position in the Bank for more than 20 years, during which he served as the president and an executive director for more than 10 years since 2013.

He has always been diligent, dedicated and responsible, and led the management and made important contribution to the reform and development of the cause of the Bank with great efforts, sweat and wisdom. The Board expresses its heartfelt gratitude and sincere respect to Mr. RAN.