Bank of Communications Co., Ltd. announced that, the board of supervisors of the Bank has resolved to propose to appoint Mr. Xu Jiming as a shareholder supervisor of the Bank (the "Supervisor(s)"), Chairman of the Board of Supervisors and Chairman of the Performance and Due Diligence Committee of the Board of Supervisors on 27 August 2021. The appointment of Mr. Xu as the shareholder Supervisor of the Bank is subject to the approval of the shareholders of the Bank (the "Shareholder(s)") at the general meeting of the Bank. Mr. Xu's serving as Chairman of the Board of Supervisors and Chairman of the special committee of the Board of Supervisors will be effective from the date when his appointment as a shareholder Supervisor is approved by the general meeting of Shareholders. Mr. Xu Jiming is a senior auditor. Mr. Xu currently serves as the Deputy Secretary of the Party Committee of the Bank. Mr. Xu served as a member of the Party Group, Chief of the Discipline Inspection and Supervision Team, Chief of the Discipline Inspection Team of the Party Group of China National Petroleum Corporation. He also served in the National Audit Office of People's Republic of China as Director-General of the General Office, Director- General of Administrative Audit Department, Director-General of Foreign Capital Utilization Audit Department, Director of the Audit Cadre Training Center, Director of the Hygiene and Medicine Audit Bureau, Deputy Director of the Hygiene and Medicine Audit Bureau, Deputy Director-General of Foreign Capital Utilization Audit Department, Commissioner Assistant of the Kunming Special Mission Office (Division Chief Level), Chief of the First Division of Foreign Capital Utilization Audit Department, Chief of the Comprehensive Division of Foreign Capital Utilization Audit Department, Deputy Division Level Auditor of the Second Division of Foreign Capital Utilization Audit Department, Cadre of the Second Division of Foreign Capital Utilization Audit Department.