The board of directors of Luzhou Bank Co., Ltd. announced that on July 13, 2020, the Board received the written resignation of Mr. JIANG Bo, a non-executive director of the Bank. Mr. JIANG tendered his resignation as a non-executive director and a member of the risk management committee under the Board of the Bank due to work transfer. In addition, the company proposed appointment of Mr. ZHONG Jin as an independent non-executive director of the Bank and grant of waiver and extension of time for appointment of independent non-executive director to the Bank by the Stock Exchange.