China Minsheng Banking Corp., Ltd. on 18 October 2023 received the Approval of National Administration of Financial Regulation in relation to the Appointment Qualification of Yeung Chi Wai, Jason of Minsheng Bank, which approved the qualification of Mr. Yeung Chi Wai, Jason as an independent non-executive director of the Bank. Mr. Yeung Chi Wai, Jason acts as an independent non-executive director of the Bank, Chairman of the Compensation and Remuneration Committee and a member of the Nomination Committee of the board of directors of the Bank with effect from 16 October 2023. For biographical details of Mr. Yeung Chi Wai, Jason and other information.

Taking overall consideration of factors such as the Bank's arrangements for the retirement of independent non-executive directors upon expiry of terms, the professional background and work experience of the newly appointed independent non-executive directors, Mr. Liu Jipeng, an independent non-executive director, has served in the Bank for six years already and shall no longer continue to serve as an independent non-executive director. Mr. Liu Jipeng confirmed that he has no disagreement with the Board, nor is there other matter that needs to be brought to the attention of the shareholders and creditors of the bank.