The board of supervisors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Liu Yuan August 16, 2021. Due to change in work arrangements, Mr. Liu Yuan tendered his resignation to the Board of Supervisors as the Chairman of the Board of Supervisors and an Employee Supervisor. Mr. Liu Yuan resigned as the Chairman of the Board of Supervisors of the Company with effect from 16 August 2021. In accordance with relevant laws and regulations and the Articles of Association of China Merchants Bank Co., Ltd., the resignation of Mr. Liu Yuan as an Employee Supervisor will take effect after a new Employee Supervisor has been elected by the employee representative meeting of the Company to fill his vacancy. Until then, Mr. Liu Yuan will continue to perform his duties as an Employee Supervisor in accordance with relevant laws and regulations and the Articles of Association of China Merchants Bank Co., Ltd.