Bank of Jiujiang : ANNOUNCEMENT RESIGNATION OF NON-EXECUTIVE DIRECTOR PROPOSED ELECTION OF NON-EXECUTIVE DIRECTOR AND CHANGE OF BUILDING NAME OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Bank of Jiujiang Co., Ltd.*

*

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

(Stock Code: 6190)

ANNOUNCEMENT

RESIGNATION OF NON-EXECUTIVE DIRECTOR

PROPOSED ELECTION OF NON-EXECUTIVE DIRECTOR

AND

CHANGE OF BUILDING NAME OF PRINCIPAL PLACE

OF BUSINESS IN HONG KONG

RESIGNATION OF NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Director(s)") of Bank of Jiujiang Co., Ltd.* (the "Bank") hereby announces that Mr. Zhang Jianyong ("Mr. Zhang"), the non-executive Director of the Bank, has applied to resign as the non-executive director and members of the Strategy Committee and the Consumer Rights Protection Committee of the Bank due to his work reallocation. The Board of the Bank received the resignation from Mr. Zhang on March 30, 2021, and his resignation shall take effect from the date of effectiveness of the non-executive Director newly elected by the shareholders' general meeting of the Bank. During this period, Mr. Zhang Jianyong will continue to perform the duties of non-executive Director of the Bank and members of relevant special committees of the Board.

Mr. Zhang has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") and the shareholders of the Bank. The Board has confirmed that there is no other matter relating to the resignation of Mr. Zhang that needs to be brought to the attention of the Hong Kong Stock Exchange or the shareholders. The Bank would like to take this opportunity to express its appreciation to Mr. Zhang for his efforts and valuable contributions to the Bank during his term of office.

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PROPOSED ELECTION OF NON-EXECUTIVE DIRECTOR

The Board hereby announces that, on March 30, 2020, the Board considered and approved the proposed election of Mr. Shi Zhishan ("Mr. Shi") as a non-executive Director of the sixth session of the Board of the Bank, with effective from the date of approval of his directorship by the China banking and insurance regulatory authority to the expiration of the sixth session of the Board. Mr. Shi Zhishan has confirmed that he has no disagreement on such nomination.

The biographical details of Mr. Shi Zhishan to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") are set out as follows:

Mr. Shi Zhishan, aged 43, served as an appraisal manager of China Consultants of Accounting and Financial Management Co., Ltd. (中華財務會計諮詢有限公司) from June 2005 to May 2006; an appraisal manager of Beijing Zhongxing Xinshiji Accountant Office (北京中興新世紀會計事務所有 限公司) from May 2006 to August 2007; and a senior appraisal manager of China Appraisal Associates* (北京中天華資產評估有限責任公司) from August 2007 to November 2008. He successively served as a senior manager, an assistant to the head, the head of capital operation department of Beijing Automotive Group Co., Ltd. (北京汽車集團有限公司) from November 2008 and July 2013; and the deputy general manager, the Party Committee Secretary and the general manager of BAIC Group Industrial Investment Co., Ltd. (北京汽車集團產業投資有限公司) since July 2013.

Mr. Shi is a registered asset valuer. He graduated from Central University of Finance and Economics in 2010 and obtained an MBA degree.

If Mr. Shi is elected as a non-executive Director of the Bank at the shareholders' general meeting, the Bank will enter into a service contract with him. Mr. Shi will not receive any remuneration from the Bank. The term of office of Mr. Shi will be from the date of approval of his directorship by the China banking and insurance regulatory authority to the date of expiration of the sixth session of the Board. According to relevant laws and regulations and the Articles of Association of Bank of Jiujiang Co., Ltd., the Directors of the Bank shall serve a term of three years, and the term of a Director is renewable by re-election after its expiry. Save as disclosed above, as at the date of this announcement, Mr. Shi has confirmed that (i) he did not hold any other directorships in any public companies listed in Hong Kong or overseas in the past three years or hold any other positions within the Bank and its subsidiaries; (ii) he does not have any relationship with any Directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Bank; (iii) he is not interested in the shares of the Bank or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)); and (iv) there are no other matters with respect to his appointment that need to be notified to the shareholders of the Bank and there is no other information that needs to be disclosed pursuant to the provisions of Rule 13.51(2) of the Listing Rules or any other matters that need to be brought to the attention of the shareholders of the Bank or the Hong Kong Stock Exchange.

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The above resolution on proposed election of non-executive Director will be submitted to the shareholders' general meeting of the Bank for shareholders' approval. A circular containing (among other things) details of the above resolution and the notice of the shareholders' general meeting will be dispatched to the H shareholders of the Bank in due course.

CHANGE OF BUILDING NAME OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

The building name of the principal place of business of the Bank in Hong Kong will be changed with effect from March 30, 2021, therefore upon the consideration and approval at the Board meeting, the address of the principal place of business of the Bank in Hong Kong shall be updated as 40th Floor, Dah Sing Financial Centre, No. 248 Queen's Road East, Wanchai, Hong Kong.

By Order of the Board

Bank of Jiujiang Co., Ltd.*

Liu Xianting

Chairman

Jiangxi, the PRC

March 30, 2021

As at the date of this announcement, the Board of the Bank comprises Mr. Liu Xianting and Mr. Pan Ming as executive Directors; Mr. Zeng Huasheng, Mr. Zhang Jianyong and Mr. Li Jianbao as non- executive Directors; and Mr. Chua Alvin Cheng-Hock, Ms. Gao Yuhui, Mr. Quan Ze and Mr. Yang Tao as independent non-executive Directors.

• Bank of Jiujiang Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.

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