The Board of Directors of Bank of Qingdao Co., Ltd. announced that the Board of Directors has agreed to elect Mr. Jing Zailun as the chairman of the eighth session of the Board of Directors, with a term commencing from the date of approval on his qualification by the regulatory authority and ending on the date of expiry of the term of the eighth session of the Board. The Board of Directors also announced that the Board of Directors has agreed that Mr. Jing Zailun to serve as the chairman of the Strategy Committee, a member of the Nomination Committee, a member of the Remuneration Committee and a member of the Network Security and Information Technology Committee of the eighth session of the Board of Directors, with a term of office commencing from the date of approval of his qualification as a director by the regulatory authority and ending on the date of expiry of the term of office of the eighth session of the Board of Directors. In addition, the Board of Directors has agreed to appoint Mr. Zhang Xu as a member of the Risk Management and Consumer Rights Protection Committee of the eighth session of the Board of Directors, with a term commencing from 29 June 2022 and ending on the date of expiry of the term of office of the eighth session of the Board of Directors.