China Merchants Bank Co., Ltd. received the Approval from the China Banking and Insurance Regulatory Commission on the Qualifications of Li Chaoxian and Shi Yongdong of China Merchants Bank (Yin Bao Jian Fu [2021] No. 659), which approved the appointment qualifications of Mr. Li Chaoxian and Mr. Shi Yongdong as Independent Directors of the Company. The terms of Mr. Li Chaoxian and Mr. Shi Yongdong as Independent Non-executive Directors of the Company have taken effect from 18 August 2021, being the date of the approval and shall expire at the conclusion of the Eleventh Session of the Board of Directors of the Company. For the biographical details of Mr. Li Chaoxian and Mr. Shi Yongdong, refer to the announcement dated 20 May 2021 published on the websites of the Company and The Stock Exchange of Hong Kong Limited. According to the relevant requirements under laws and regulations and the Articles of Association of the Company, the terms of office of Mr. Leung Kam Chung, Antony and Mr. Zhao Jun as Independent Non-executive Directors of the Company and members of the relevant special committees under the Board of Directors shall expire on 18 August 2021.