The board of directors of Bank of Tianjin Co., Ltd. (the Bank) has recently received an application from Mr. SUN Liguo for resignation from the positions of Chairman of the Board and Executive Director, Chairman of the Strategic Development Committee, members of the Nomination and Remuneration Committee and the Inclusive Finance Development and Consumer Rights Protection Committee, and authorized representative (the Authorized Representative) of the Bank appointed under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, as he has reached the retirement age. Mr. SUN Liguo's resignation takes effect on May 11, 2023. Since he became a Deputy Secretary of the Party Committee of the Bank in August 2016, Mr. SUN Liguo has been successively serving as President, Party Secretary and Chairman of the Board.

Under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Mr. SUN Liguo determinedly carried out the resolutions and deployments of the Central Committee of CPC, the State Council, Tianjin Municipal Party Committee and the Tianjin Municipal Government, with unwavering adhering to the company market positioning of "serving the local economy, serving small and medium-sized enterprises, and serving the public" as a city commercial bank. Mr. SUN Liguo led in carefully formulating the company "13th Five-Year Plan" and "14th Five-Year Plan" towards the goal of turning the Bank into a socialist modernized city commercial bank. Through the implementation of the company "transformation + innovation" and "reform + innovation" dual-track development strategy, the company kicked off the construction of the three "Ten Projects" in stages, making continued efforts to settle outstanding accounts, and lay foundation for sustainable development.

During the period of the "13th Five-Year Plan", the Bank scored an increase of 21.58% in total assets, an increase of 44.25% in operating income and an increase of 63.68% in profit before provision. With one-fold of growth in scale, the company has achieved a two-fold growth in revenue and a three- fold growth in efficiency, rendering brilliant results in the company transformation and innovation, and stomping solid steps along the road of high-quality development. During the period of the "14th Five-Year Plan", under the leadership of Mr. SUN Liguo, the Bank insisted on the direction of independent financial digital transformation with its own characteristics, while making relentless efforts to consolidate the company infrastructure and foundation of information technology, reshape the company operation system and transform the company intelligent outlets, with which the company has grown into a modern bank which is the first in China to achieve ecological transformation of the full spectrum of business through the "cloud + distributed + multi-active" technology.

The company earned the recognition of the company Bank relying on the company unique corporate culture, continued to accelerate the construction of the company "Smart XiaoEr platform and strived to reshape the company brand image as a "Citizen's Bank", taking new strides in the construction of a modern city commercial bank and providing financial support for the high-quality and sustainable development of economy and society. During his tenure, Mr. SUN Liguo devoted himself to the transformation, reform, innovation, risk management and high-quality development of the Bank with due diligence and admirable commitment, as well as a long-term vision and solid foundation. The Board would like to take this opportunity to express the company sincere gratitude to Mr. SUN Liguo for his outstanding contribution!

With the approval of the Board, in order to ensure the smooth transition and orderly handover of the work of the Board, Mr. WU Hongtao, President of the Bank, will temporarily act as Chairman of the Board until the next Chairman of the Board is elected and his/her qualification is approved. The Board has recently received an application for resignation from Mr. JIN Qingjun (Mr. JIN) as an independent non-executive Director of the Bank, the Chairman of Related Party Transactions Control Committee of the Board and a member of Risk Management Committee of the Board due to that he has already served as an independent non-executive Director of the Bank for 6 years. Pursuant to relevant laws, regulations and provisions of the Articles of Association of the Bank, the resignation of Mr. JIN will take effect when a new independent non-executive Director is elected at the general meeting of the Bank, and the qualification of the new independent non-executive Director who will fill the vacancy is approved by the Tianjin Regulatory Bureau of the China Banking and Insurance Regulatory Commission.

Prior to that, Mr. JIN shall continue to perform his duties of the independent non-executive Director and members of the special committees under the Board in accordance with relevant laws and regulations and provisions of the Articles of Association of the Bank.