Bank of Zhengzhou Co., Ltd. has recently received the Approval by the China Banking and Insurance Regulatory Commission Henan Office in relation to Qualification of ZHAO Fei as Senior Management from the China Banking and Insurance Regulatory Commission Henan Office pursuant to which the qualification of Mr. ZHAO Fei as the president of the Bank was approved. The term of office of Mr. ZHAO Fei as the president of the Bank became effective on the approval date.