Bank of Communications : INDICATIVE ANNOUNCEMENT ON THE CONVENING OF THE EXTRAORDINARY GENERAL MEETING

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Bank of Communications Co., Ltd.

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

(Stock Code: 03328)

INDICATIVE ANNOUNCEMENT ON THE CONVENING OF

THE EXTRAORDINARY GENERAL MEETING

Reference is made to the notice (the "Notice") and the circular (the "Circular") of the extraordinary general meeting (the "EGM") of Bank of Communications Co., Ltd. (the "Bank") dated 3 February 2021, the proxy form (the "Proxy Form") and reply slip (the "Reply Slip") of the EGM. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

In order to implement the requirements of the Central Government and Shanghai Municipality for regular prevention and control of COVID-19 pandemic, reduce personnel gathering, and protect the health of the attendees of the EGM, the board of directors of the Bank (the "Board") hereby provides reminders for relevant matters of the EGM.

The information set forth in the Notice, Circular, Proxy Form, and Reply Slip, including the date, time, venue, way of voting of the EGM, and eligibility for attending the EGM, appointment of proxy, registration procedures, closure of register of members as well as the resolutions to be considered at the EGM, remains unchanged. For the avoidance of doubt, any Proxy Form or Reply Slip duly completed and returned in accordance with the instructions printed thereon by the shareholders of the Bank (the "Shareholders") remains valid for the EGM, and the relevant Shareholders are not required to submit the Proxy Form or Reply Slip again.

In order to facilitate the Shareholders to exercise the voting right at the EGM amid the regular prevention and control of COVID-19 pandemic, the Board recommends the H Shareholders intending to attend the EGM to vote by filling in and submitting the Proxy Form(s), i.e. to indicate your voting intention in the Proxy Form(s) and designate the chairman of the EGM as your proxy to vote on your behalf on site.

Shareholders (or proxy thereof) intending to attend the EGM at the head office of the Bank on site, apart from bringing relevant certificates and materials for the EGM, shall cooperate with the following matters:

Please contact the Board Office of the Bank in advance (no later than 12:00 noon, 23 March 2021) to honestly communicate and register information including, among others, fever and respiratory symptom as well as recent personal travel itinerary.

Contact persons of the Board Office: Mr. Pan and Mr. Yang Tel: [phone]

Email:[e-mail]

On the way to, from and at the venue of the EGM, please adopt proper personal preventive work. Upon arrival at the venue of the EGM, please follow the arrangement and guidance of the staff and cooperate to implement the pandemic prevention and control requirements including, among others, attendee registration and temperature check. Those with normal temperature are allowed to enter the venue of the EGM. Please wear masks during the whole process and keep necessary distance between seats.

By order of the Board of Bank of Communications Co., Ltd.

Gu Sheng

Company Secretary

Shanghai, the PRC

5 March 2021

As at the date of this announcement, the directors of the Bank are Mr. Ren Deqi, Mr. Liu Jun, Mr. Li Longcheng*, Mr. Wang Linping*, Mr. Chang Baosheng*, Mr. Chan Siu Chung*, Mr. Song Hongjun*, Mr. Chen Junkui*, Mr. Liu Haoyang*, Mr. Yeung Chi Wai, Jason#, Mr. Woo Chin Wan, Raymond#, Mr. Cai Haoyi#, Mr. Shi Lei#, Mr. Zhang Xiangdong# and Ms. Li Xiaohui#.

*

#

Non-executive directors Independent non-executive directors