The board of directors of Chongqing Rural Commercial Bank Co., Ltd. received a resignation report from Mr. Xie Wenhui, the chairman and the president of the Bank, on 7 April 2023 in respect of his resignation from the position of the president of the Bank due to change of work arrangement. The resignation of Mr. Xie became effective from 7 April 2023. Mr. Xie will continue to perform the duty of the president until the date on which the qualification of the newly appointed president of the Bank is approved by the China Banking and Insurance Regulatory Commission Chongqing Regulatory Bureau.

In addition, after his resignation as the president, Mr. Xie continues to serve as the secretary to the Party Committee, the chairman of the Board, the executive director, the chairman of the Strategic Development Committee of the Board, the chairman of the Risk Management Committee of the Board, the chairman of the Sannong Financial Services Committee of the Board and the member of the Nomination Committee of the Board of the Bank. The Bank announced that Mr. Sui Jun was appointed by the Board as the president of the Bank on 10 April 2023. Mr. Sui Jun, age 54, born in December 1968, serves as the vice secretary of the Party Committee of the Bank.

Mr. Sui obtained a bachelor's degree in agricultural economics from the Department of Agricultural Economics, Southwestern University of Finance and Economics in July 1990, obtained an Executive Master of Business Administration (EMBA) degree from Chongqing University in June 2010, and obtained a doctorate degree of economics in finance from Southwestern University of Finance and Economics in December 2020. Mr. Sui is currently a senior economist. Mr. Sui held several positions, including general manager of the sales department, at Nanchong branch of China Construction Bank; served as the secretary to the Party Committee and director-general of Jiangjin Rural Credit Cooperatives Union; served as the secretary to the Party Committee and the president of Jiangjin sub- branch, general manager of the sales department of head office, and a member of the Party Committee, vice president, executive director and the secretary to the Board of head office of Chongqing Rural Commercial Bank Co., Ltd.; was the secretary to the Party Committee and the director of Chongqing Automotive Finance Co., Ltd.; and a member of the Party Committee and vice president of Bank of Chongqing Co., Ltd. The position of Mr. Sui Jun as the president shall be effective from the date of approval of the qualification as the president by the CBIRC Chongqing Office and shall expire on the date of expiration of the term of the current session of the Board.

Mr. Sui Jun, as the president, will receive corresponding remuneration (including salaries, bonuses, social insurance, enterprise annuity, supplementary medical insurance and housing provident fund unit payment part and other monetary income, etc.) in accordance with his position and pursuant to the requirements of relevant documents of the Ministry of Finance and regulatory departments and operating results assessment of the Bank.