The Board of Directors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Fu Gangfeng, the Vice Chairman and Non-executive Director of the Company. Due to change of work arrangements, Mr. Fu Gangfeng resigned as the Vice Chairman, Non-executive Director, and a member of the Strategy Committee of the Board of Directors. The resignation of Mr. Fu Gangfeng will take effect from 29 November 2022.

Mr. Fu Gangfeng has confirmed that he has no disagreement with the Board of Directors of the Company and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Company. The Board of Directors of the Company would like to acknowledge Mr. Fu Gangfeng's outstanding contributions to the Company during his term of office with the high regard and deepest gratitude.