The Board of the Bank of Zhengzhou Co., Ltd. announced that Mr. JI Hongjun resignation from the Bank as a non-executive Director, a member of the risk management committee, a member of the related party transactions control committee and a member of the consumer rights protection committee of the Board by reason of reaching the retirement age had also already become effective upon resignation report being served on the Board. Mr. JI has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the Hong Kong Stock Exchange and the Shareholders. The Board further announces that it has considered and approved the nomination of Mr. WEI Lei as a candidate of the non-executive Director of the Bank.

The appointment of Mr. WEI as a non-executive Director of the Bank shall take effect upon consideration and approval by the Shareholders at a general meeting and approval by the regulatory authorities for his qualification as a Director, and his term of office as a Director shall end upon the expiration of the term of the seventh session of the Board. The biographical details of Mr. WEI are as follows: Mr. WEI Lei, aged 48, obtained a bachelor's degree in applied mathematics from Zhengzhou University and a master's degree in insurance actuarial science from Central University of Finance and Economics. Mr. WEI served as a lecturer in Henan Agricultural University from July 1997 to August 2003, and successively served as the risk control manager, the head of the risk and compliance management department and the general manager, assistant to the president and general manager of the risk management department of Zhongyuan Trust Co., Ltd. from July 2006 to November 2018.

He has been the assistant to the general manager of Zhongyuan Trust Co., Ltd. since November 2018.