The board of directors of Chongqing Rural Commercial Bank Co., Ltd. received a resignation letter from Ms. Chen Xiaoyan ("Ms. Chen"), a non-executive director of the Bank, on 23 June 2020 in respect of her resignation from the positions of non-executive director of the Bank, a member of the Risk Management Committee and the Related Party Transaction Supervision Committee under the Board due to her work. The resignation of Ms. Chen is effective from the date of this announcement.