Guangzhou Rural Commercial Bank Co., Ltd. recently has received the Approval in Relation to the Eligibility of Ma Hok Ming and the Approval in Relation to the Eligibility of Liao Wenyi issued by Guangdong Bureau of China Banking and Insurance Regulatory Commission (the ‘Guangdong Bureau of CBIRC’), which approved the qualification of Mr. Liao Wenyi and Mr. Ma Hok Ming to be independent directors of the Bank. The board of directors of the Bank announced that Mr. Liao Wenyi and Mr. Ma Hok Ming serve as independent non-executive directors of the Bank. Meanwhile, the Bank will convene a Board meeting to elect the number of independent non-executive directors in the Nomination and Remuneration Committee. The terms of the aforesaid independent non-executive directors commenced from July 29, 2021 until the expiry of the term of the third session of the Board. Mr. Liao Wenyi is currently serves as the independent director of Guilin Bank, external director of Guangdong HengJian Investment Holding Co., Ltd., independent director of Guanhao Biotechnology Co., Ltd., and independent director of Daye Trust Co., Ltd. Ma Hok Ming is currently the managing director and head of Investment Banking Division of ABCI Capital Limited.