The Board of Directors of Industrial and Commercial Bank of China Limited resolved at the meeting of the Board held on 17 January 2023 that Mr. Duan Hongtao be appointed as Senior Executive Vice President of the Bank. After the Board considered and approved Mr. Duan Hongtao's appointment, the qualification is further subject to the approval of the China Banking and Insurance Regulatory Commission. The biography of Mr. Duan Hongtao is set out below: Duan Hongtao, male, Chinese nationality, born in May 1969.

Prior to joining Industrial and Commercial Bank of China, Mr. Duan Hongtao has been working at China Construction Bank. He has successively served as the General Manager of Yangtze River Sub-branch of Hubei Branch, the General Manager of the Compliance Department, and the General Manager of the Human Resources Department of Hubei Branch. Since July 2009, he has successively served as the Assistant to General Manager and Deputy General Manager of Hubei Branch, General Manager of Qingdao Branch in December 2014, General Manager of Shandong Branch in August 2016, and Director of the Executive Office of the Head Office in October 2020.

Mr. Duan Hongtao graduated from Wuhan University of Technology and obtained a Doctorate degree in Management. He is a senior economist.