Chongqing Rural Commercial Bank Co., Ltd. held the 2020 second extraordinary general meeting of the Bank on 20 October 2020, at which the resolution on the election of Mr. Yin Xianglin as a non-executive director of the Bank and the respective resolutions on the elections of Mr. Li Jiaming and Ms. Bi Qian as independent non-executive directors of the Bank were considered and approved. The Chongqing Bureau of China Banking and Insurance Regulatory Commission has now approved the qualifications of Mr. Yin Xianglin, Mr. Li Jiaming and Ms. Bi Qian to hold office. The board of directors of the Bank (the "Board") hereby announces the appointments of Mr. Yin Xianglin as a non-executive director of the Bank, and Mr. Li Jiaming and Ms. Bi Qian as independent non-executive directors of the Bank, with a term from 7 December 2020 until the expiration of the term of the current session of the Board. The Bank held a Board meeting on 29 October 2020, at which the resolution on the adjustment of the chairman and members of the special committees of the Board was considered and approved. The Board announced the appointments of Mr. Yin Xianglin as a member of the Risk Management Committee of the fourth session of the Board, Mr. Li Jiaming as the chairman of the Audit Committee, a member of the Nomination Committee, a member of the Remuneration Committee and a member of the Sannong Financial Service Committee of the fourth session of the Board, and Ms. Bi Qian as the chairman of the Related Party Transaction Supervision Committee, a member of the Strategic Development Committee, a member of the Risk Management Committee, a member of the Audit Committee and a member of the Sannong Financial Service Committee of the fourth session of the Board, with a term from 7 December 2020 until the expiration of the term of the current session of the Board.