The board of directors of BOCOM International Holdings Company Limited announced that Mr. WANG Yongqing ("Mr. WANG") has resigned as a non-executive Director of the Company with effect from 20 January 2025 due to work reassignment. Mr. WANG has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as a non-executive Director of the Company required to be brought to the attention of shareholders of the Company. The Board also announced that Mr. XIAO Ting ("Mr. XIAO") has been appointed as a non-executive Director of the Company with effect from 20 January 2025.

Mr. XIAO Ting, aged 45, joined Bank of Communications Co. Ltd. ("BOCOM") and its subsidiaries (the "BOCOM Group") in July 2006 and has held various positions in the BOCOM Group, including the vice president of the financial market business centre of BOCOM from May 2016 to December 2017, the vice president of the Beijing branch of BOCOM from December 2017 to August 2020, the president of the Hainan branch of BOCOM from May 2021 to November 2022, and the general manager of the international banking department and the offshore banking centre of BOCOM from November 2022 to May 2024, and has been an executive director and chairman of the board of directors of Bank of Communications (Hong Kong) Limited since August 2024. Mr. XIAO graduated from Tsinghua University with a Bachelor's degree in Applied Mathematics in July 2001 and a Doctor of Science degree in Mathematics in July 2006.

Mr. XIAO has also served as a director and vice president of the Chinese Banking Association of Hong Kong since December 2024. The Board also announced that Mr. TAN Yueheng ("Mr. TAN") ceased to be the chairman of the board of directors of the Company (the "Chairman") with effect from 20 January 2025 due to work requirements. Mr. TAN will remain as an executive Director of the Company after he ceases to be the Chairman.

The Board also announced that Mr. XIAO has been appointed as the Chairman with effect from 20 January 2025. The Board announced that, with effect from 20 January 2025: the Strategy and Risk Management Committee comprises six Directors, namely Mr. XIAO Ting, Mr. XIE Jie, Mr. WANG Xianjia, Mr. TAN Yueheng, Mr. SHAN Zengjian and Ms. ZHU Chen, with Mr. XIAO Ting acting as the chairman of the Strategy and Risk Management Committee; the Audit Committee comprises four Directors, namely Mr. LIN Zhijun, Mr. TSE Yung Hoi, Mr. MA Ning and Mr. SHAN Zengjian, with Mr. LIN Zhijun acting as the chairman of the Audit Committee; and the Nomination Committee comprises four Directors, namely Mr. MA Ning, Mr. TSE Yung Hoi, Mr. LIN Zhijun and Ms. ZHU Chen, with Mr. MA Ning acting as the chairman of the Nomination Committee.