Mr. Zhang Minsheng ("Mr. Zhang"), a supervisor of Bank of Communications Co., Ltd. submitted his resignation to the board of supervisors of the Bank on 18 January 2022, resigning from his positions as a shareholder supervisor and a member of the Financial and Internal Control Supervision Committee under the Board of Supervisors due to work reassignment (the "Resignation"), with immediate effect. Mr. Zhang confirmed that he has no disagreement with the Board of Supervisors and there were no matters relating to the Resignation that need to be brought to the attention of the shareholders and creditors of the Bank. During his term of office, Mr. Zhang fulfilled his duties conscientiously, and worked diligently to improve the supervision system of the Board of Supervisors and strengthen the supervision in key areas.

He made important contributions to improving the corporate governance standard of the Bank and protecting the interests of the Bank, shareholders, employees and creditors of the Bank. The Board of Supervisors hereby highly commends and expresses its sincere gratitude to Mr. Zhang for his contribution to the Bank during his term of office.