Bank of Qingdao : NOTICE OF 2021 FIRST H SHARE CLASS MEETING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, 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 notice.

Bank of Qingdao Co., Ltd.*

ڡࢥვБٰ΅Ϟࠢʮ̡*

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

(H Shares Stock Code: 3866)

(Preference Shares Stock Code: 4611)

NOTICE OF 2021 FIRST H SHARE CLASS MEETING

NOTICE IS HEREBY GIVEN that the 2021 first class meeting for H shareholders (the "2021 First H Share Class Meeting") of Bank of Qingdao Co., Ltd. (the "Bank") will be held at No. 6 Qinling Road, Laoshan District, Qingdao, Shandong Province, the People's Republic of China (the "PRC"), immediately after the conclusion of the 2021 First EGM and the 2021 first class meeting for A shareholders on Friday, 26 March 2021 for the purposes of considering and, if thought fit, passing the following resolutions:

SPECIAL RESOLUTIONS

1. To consider and approve the resolution in relation to the proposal for rights issue of Bank of Qingdao Co., Ltd.

• 1.1 class and par value of the shares to be issued

• 1.2 issuance method

• 1.3 base, proportion and number of the rights issue

• 1.4 pricing principle and price for the rights shares

• 1.5 target subscribers for the rights issue

• 1.6 distribution plan for accumulated undistributed profits prior to the rights issue

• 1.7 time of issuance

• 1.8 method of underwriting

• 1.9 use of proceeds in relation to the rights issue

• 1.10 validity period of the resolution in relation to the rights issue

• 1.11 listing of the shares in relation to the rights issue

• 2. To consider and approve the resolution in relation to the plan of the Bank of Qingdao Co., Ltd. on public issuance of shares by the way of rights issue

• 3. To consider and approve the resolution in relation to the authorization to the Board to deal with matters related to rights issue to be proposed in the general meeting

• 4. To consider and approve the resolution in relation to the change in registered capital and the corresponding amendments to the relevant clauses in the Articles of Association upon the completion of rights issue of Bank of Qingdao Co., Ltd.

• 5. To consider and approve the resolution in relation to the fulfillment of issue conditions of rights issue of Bank of Qingdao Co., Ltd.

• 6. To consider and approve the resolution in relation to the report on the feasibility of use of proceeds from rights issue of Bank of Qingdao Co., Ltd.

• 7. To consider and approve the resolution in relation to the risk reminder of and remedial measures for the dilution of current returns by rights issue to original shareholders of Bank of Qingdao Co., Ltd. and commitments by relevant entities.

By order of the Board Bank of Qingdao Co., Ltd.*

GUO Shaoquan

Chairman

Qingdao, Shandong Province, the PRC, 8 March 2021

As at the date of this notice, the board of directors of the Bank comprises Mr. Guo Shaoquan, Mr. Wang Lin and Ms. Lu Lan as executive directors; Mr. Zhou Yunjie, Mr. Rosario Strano, Ms.

Tan Lixia, Mr. Marco Mussita, Mr. Deng Youcheng and Mr. Choi Chi Kin, Calvin as non-executive directors; Mr. Chen Hua, Ms. Dai Shuping, Mr. Simon Cheung, Ms. Fang Qiaoling and Mr. Tingjie Zhang as independent non-executive directors.

*Bank of Qingdao 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 out banking and/or deposit-taking business in Hong Kong.

Notes:

• 1. Pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), all resolutions proposed at the meeting shall be voted by poll, except for those related to procedural or administrative matters to be voted by a show of hands as permitted by the chairman. Results of the poll voting will be published on the websites of the Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the Bank (www.qdccb.com) as required by the Listing Rules.

• 2. Closure of register of members and eligibility for attending and voting at the 2021 First H Share Class Meeting

  H shareholders of the Bank are advised that the share register will be closed from Tuesday, 23 March 2021 to Friday, 26 March 2021 (both days inclusive). To be eligible for attending and voting at the 2021 First H Share Class Meeting, the transfer documents together with relevant share certificates and other appropriate documents must be deposited at the H share registrar of the Bank, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong by no later than 4:30 p.m. on Monday, 22 March 2021. H Shareholders whose names appear on the share register of members of the Bank at the close of business on Tuesday, 23 March 2021 are entitled to attend and vote at the 2021 First H Share Class Meeting. Pursuant to the requirement of the Articles of Association of the Bank, where a shareholder pledges 50% or more of his/her/its equity interests in the Bank, the voting rights of such shareholder at the 2021 First H Share Class Meeting shall be subject to restrictions.

• 3. Proxy

  Any shareholder entitled to attend and vote at the 2021 First H Share Class Meeting is entitled to appoint one or more persons (whether such person is a shareholder of the Bank or not) as his/her/its proxy or proxies to attend and vote on his/her/its behalf at the 2021 First H Share Class Meeting. As far as all joint shareholders of any shares are concerned, only the joint shareholder whose name appears first in the share register of members has the right to receive the share certificate of the relevant shares from the Bank and to receive notices of the Bank, and any notice served on such a shareholder shall be treated as having been served on all the other joint shareholders of those shares. In the case of joint shareholders, any one shareholder may sign the proxy form(s). In the event that more than one joint shareholder attends the meeting in person or by proxy, the vote of the senior joint shareholder who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint shareholder(s) and for this purpose, seniority will be determined by the order in which the names stand in the share register of members in respect of the joint shareholding.

  The appointment of a proxy must be in writing with a form under the hand of the appointer or his/her/its attorney duly authorized in writing. For a corporate appointer, the proxy form must be affixed with the common seal or signed by its director or attorney duly authorized in writing. To be valid, the instrument appointing a proxy together with the power of attorney or other authorization document (if any) or a notarially certified copy of that power of attorney or other authorization document must be completed and returned to the Bank's H share registrar (for H shareholder(s)) or the Bank's PRC registered office and principal place of business (for domestic shareholder(s)) not less than 24 hours before the designated time for the holding of the 2021 First H Share Class Meeting or any adjournment thereof. Completion and return of the form(s) of proxy will not preclude shareholders from attending and voting in person at the 2021 First H Share Class Meeting or at any adjournment if he/she/it so wishes.

4. Others

• (1) The 2021 First H Share Class Meeting is estimated to last no longer than half a working day. Shareholders who attend the meeting in person or by proxy shall bear their own traveling and accommodation expenses.

• (2) Address of Computershare Hong Kong Investor Services Limited:

  17M Floor, Hopewell Centre

  183 Queen's Road East, Wanchai

  Hong Kong

  Tel: [phone]

  Fax: [phone]

  Address of the PRC registered office and principal place of business of the Bank:

  No. 6 Qinling Road

  Laoshan District Qingdao

  Shandong Province the PRC

  Tel: [phone] ext 6 Fax: [phone]