The board of directors (the Board of Directors) of Bank of Qingdao Co., Ltd. (the Bank) received the resignation letter tendered by Mr. Guo Shaoquan, the chairman of the Bank. Mr. Guo Shaoquan has resigned from the positions of an executive director and the chairman of the eighth session of the Board of Directors, and the chairman of the Strategy Committee of the Board of Directors, a member of the Nomination Committee of the Board of Directors, a member of the Remuneration Committee of the Board of Directors and a member of the Network Security and Information Technology Committee of the Board of Directors due to the regulation of the term of office for key positions of a bank and the approaching of retirement age, with effect from 8 June 2022. After resignation, Mr. Guo Shaoquan will cease to hold any position in the Bank and its controlling subsidiaries.

In order to ensure the normal operation of the Bank, in accordance with the relevant provisions of the Company Law of the People's Republic of China, the Guidelines for the Articles of Association of Listed Companies and other laws and regulations as well as the Articles of Association of the Bank, the Board of Directors agreed to elect Mr. Wang Lin, an executive director and the president of the Bank, to perform the duties of the chairman of the Board of Directors and the chairman of the Strategy Committee of the Board of Directors, a member of the Nomination Committee of the Board of Directors, a member of the Remuneration Committee of the Board of Directors and a member of the Network Security and Information Technology Committee of the Board of Directors until the date on which the new chairman of the Board of Directors is elected and his qualification is approved by the regulatory authority. Mr. Guo Shaoquan has confirmed that he has no disagreement with the Board of Directors and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Bank. Since serving as the chairman of the Board of Directors of the Bank in 2010, Mr. Guo Shaoquan has united and led the management team and all employees to overcome difficulties and forge ahead, and played an important role in the development of the Bank by devoting great efforts.