The board of directors (the "Board") of Bank of Qingdao Co., Ltd. (the "Bank") received the resignation letter tendered by Ms. Lu Lan ("Ms. Lu"), executive director and secretary to the Board of the Bank. Ms. Lu has resigned from the positions of an executive director of the eighth session of the Board, secretary to the Board, a member of the Related Party Transactions Control Committee of the Board, a member of the Risk Management and Consumer Rights Protection Committee of the Board and the joint company secretary of the Bank due to her age, with effect from 8 August 2022. After resignation, Ms. Lu will cease to hold any position in the Bank and its controlling subsidiaries.

Ms. Lu has confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders and creditors of the Bank. The Board would like to express its gratitude to Ms. Lu for her contribution during her term of office. The Bank held the 17th meeting of the eighth session of the Board on 8 August 2022, at which it has agreed to appoint Ms. Zhang Qiaowen ("Ms. Zhang"), assistant president of the Bank, as the secretary to the Board.

Ms. Zhang shall officially perform her duties from the date of obtaining the qualification certificate of secretary to the board from the Shenzhen Stock Exchange and the approval of her qualification by the Qingdao Office of the China Banking and Insurance Regulatory Commission. According to the relevant provisions of the Rules Governing the Listing of Shares on Shenzhen Stock Exchange, Mr. Jing Zailun, the chairman of the Bank, shall temporarily perform the duties of the secretary to the Board before Ms. Zhang officially takes office. Meanwhile, according to the relevant provisions of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the Board has agreed to appoint Ms. Zhang as the joint company secretary of the Bank with effect from 8 August 2022.

Ms. Yu Wing Sze ("Ms. Yu") will continue to serve as the other joint company secretary of the Bank. The biographical details of Ms. Zhang and Ms. Yu are set out as follows: Ms. Zhang Qiaowen, born in September 1977, holds a master degree in civil and commercial law from Shandong University. Ms. Zhang served as a cadre and a senior staff member of the Reserve Management Division of the State Administration of Foreign Exchange from August 2003 to August 2007; a legal advisor of the legal department of SAFE Investment Company Limited from August 2007 to April 2010; a principal staff member of the Reserve Management Division of the State Administration of Foreign Exchange from April 2010 to March 2011; and assistant president of the Bank since March 2011.

Ms. Yu Wing Sze is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Ms. Yu holds a bachelor's degree in professional accountancy from the Chinese University of Hong Kong. She has over 10 years of working experience in company secretarial profession.

She is now working in TMF Hong Kong Limited.