Chongqing Rural Commercial Bank Co., Ltd. at meeting of the board of directors (the "Board") of the Bank on 25 April 2022, at which the resolution on the election of Mr. Xie Wenhui as the chairman of the fifth session of the Board of the Bank was considered and approved. The Chongqing Bureau of China Banking and Insurance Regulatory Commission has now approved the qualification of Mr. Xie Wenhui to serve as the chairman of the Bank. The Board hereby announces the appointment of Mr. Xie Wenhui as the chairman of the Bank, with a term from 12 August 2022 until the expiration of the term of the current session of the Board.

As at the date of this announcement, except that Mr. Xie Wenhui has served as the secretary to the Party Committee of the Bank and ceased to serve as the deputy secretary to the Party Committee of the Bank since April 2022, there has been no change of such information.