Chongqing Rural Commercial Bank : ANNOUNCEMENT ON APPOINTMENT OF DIRECTOR

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Chongqing Rural Commercial Bank Co., Ltd.*

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 3618)

ANNOUNCEMENT ON APPOINTMENT OF DIRECTOR

Chongqing Rural Commercial Bank Co., Ltd. 重慶農村商業銀行股份有限公司* (the "Bank") held the 2018 annual general meeting on 26 April 2019, at which the resolution on the election of Mr. Zhang Peng as a non-executive director of the Bank was considered and approved. China Banking and Insurance Regulatory Commission Chongqing Bureau has approved the qualification of Mr. Zhang Peng to hold office. The board of directors of the Bank (the "Board") hereby announces the appointment of Mr. Zhang Peng as a non-executive director of the Bank, with a term from 29 August 2019 until the expiration of the term of the current session of the Board.

The biographical detail of Mr. Zhang Peng is set out below:

Mr. Zhang Peng, born in 1975. Mr. Zhang currently serves as the vice secretary of the Party Committee, general manager and director of Chongqing City Construction Investment Group Co., Ltd. (重慶市城市建設投資(集團)有限公司) ("Chongqing City Investment Group"). He has served as the Party Committee member and deputy general manager of Chongqing City Investment Group from July 2015 to August 2019, as well as the chairman of the board of directors and secretary of Party Branch of Chongqing City Investment Gold Card Information Industry (Group) Co., Ltd. (重慶 市城投金卡信息產業(集團)股份有限公司) (formerly known as Chongqing City Investment Gold Card Information Industry Co., Ltd. (重慶市城投金卡信息產業股份有限公司)) since July 2015. He has served as a member of the investment decision committee and a member of the fund management committee of Chongqing Huaben Electronic Information Venture Capital Center (Limited Partnership) (重慶華犇電子信息創業投資中心(有限合夥)) since January 2014. Mr. Zhang served as a director of Chongqing Gangjiu Co., Ltd（重慶港九股份有限公司）(a company listed on the Shanghai Stock Exchange, stock code: 600279) from December 2008 to March 2018. He served as the chairman of the board of supervisors of Chongqing Yukaifa Co., Ltd. (重慶渝開發股份有限公 司), (a company listed on the Shenzhen Stock Exchange, stock code: 000514) from March 2006 to August 2012. Mr. Zhang has successively held various positions in Chongqing City Construction Group (formerly known as Chongqing City Construction Investment Company (重慶市城市建設投資 公司)), including the officer of the finance department, the deputy manager of the finance department,

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the manager of the finance department, the manager of the planning and finance department, the deputy chief accountant and the head of the finance department since July 1998. Mr. Zhang studied at the Accounting School of the Southwestern University of Finance and Economics majoring in CPA from September 1994 to July 1998 and obtained a bachelor's degree of economics.

The Board welcomes the joining of Mr. Zhang Peng to the Board.

For and on behalf of the Board

Chongqing Rural Commercial Bank Co., Ltd.*

重慶農村商業銀行股份有限公司*

Liu Jianzhong

Chairman and Executive Director

Chongqing, the PRC, 30 August 2019

As at the date of this announcement, the executive directors of the Bank are Mr. Liu Jianzhong, Mr. Xie Wenhui and Mr. Zhang Peizong; the non-executive directors of the Bank are Mr. Zhang Peng, Ms. Chen Xiaoyan, Mr. Luo Yuxing and Mr. Wen Honghai; and the independent non-executive directors of the Bank are Mr. Yuan Zengting, Mr. Cao Guohua, Mr. Song Qinghua, Mr. Zhang Qiaoyun and Mr. Lee Ming Hau.

• The Bank holds a financial licence number B0335H250000001 approved by the regulatory authority of the banking industry of the PRC and was authorised by the Administration for Market Regulation of Chongqing to obtain a corporate legal person business licence with a unified social credit code 91500000676129728J. The Bank is not an authorised institution in accordance with the Hong Kong Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorised to carry on banking/deposit-taking business in Hong Kong.

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