Reference is made to the circular in relation to the 2019 annual general meeting dated April 27, 2020 (the "AGM") of Guangzhou Rural Commercial Bank Co., Ltd. (the "Bank") and the announcement in relation to the poll results of the AGM dated May 22, 2020. The resolution of the election of Mr. Zhang Jian as the director of the Bank was considerate and passed at the AGM. The Bank received the Approval in Relation to the Eligibility of Mr. Zhang Jian (Yue Yin Bao Jian Fu) issued by Guangdong Bureau of China Banking and Insurance Regulatory Commission which approved the qualification of Mr. Zhang Jian to be the executive director of the Bank. The board of directors of the Bank (the "Board") announces that Mr. Zhang Jian is appointed as the executive director of the Bank for a term starting from October 22, 2020 until the expiry of the term of the current session of the Board. Zhang Jian now serves as deputy secretary of the party committee of Guangzhou Rural Commercial Bank Co., Ltd.