Guangzhou Rural Commercial Bank Co., Ltd. considered and approved the appointment of Ms. Deng Xiaoyun ("Ms. Deng") as the President of the Bank, and at the same time, the Board recommended to elect Ms. Deng as the executive director of the third session of the Board of the Bank at the general meeting of the Bank. Deng Xiaoyun, female, born in September 1976, Han ethnicity, a member of the Communist Party of China, graduated from South China Agricultural University as a postgraduate with a master's degree in industry economics. She currently serves as the deputy secretary of the Party Committee of Guangzhou Rural Commercial Bank Co., Ltd.*.

From July 1999 to July 2004, she successively served as a bank member and the deputy manager of the personal department of Guangzhou Beixiu Sub-branch of Agricultural Bank of China Guangdong Branch; from July 2004 to November 2016, she successively served as a senior staff member and a principal staff member of the financial division, a deputy director of the banking credit market division and a director of the insurance market division of Guangdong Provincial Financial Affairs Office; from November 2016 to May 2019, she successively served as a member of the Party Leadership Group, the deputy secretary of the Party Leadership Group (in charge of the work), the secretary of the Party Leadership Group and director of the Financial Work Bureau of Guangzhou Nansha Development Zone (Nansha Area of Free Trade Zone); from May 2019 to November 2023, she successively served as a member of the Party Leadership Group and deputy director of Guangzhou Local Financial Supervision and Administration Bureau. Ms. Deng's qualification to serve as the President of the Bank is subject to the approval of the Guangdong Bureau of National Administration of Financial Regulation. Her term of office shall commence from the date of approval until the expiry of the term of office of the third session of the Board, subject to re-appointment upon the expiry of the term.