The Board of Directors of Postal Savings Bank of China Co., Ltd. received the resignation from Mr. Guo Xinshuang. Mr. Guo Xinshuang resigned from his positions as Executive Director of the Bank, Chairman and member of the Social Responsibility and Consumer Rights Protection Committee of the Board, member of the Strategic Planning Committee of the Board and member of the Nomination and Remuneration Committee of the Board due to change of job, with effect from January 4, 2021. Prior to the appointment of the new President, pursuant to the articles of association of the Bank, as nominated and elected by over half of the Directors, Mr. Zhang Xuewen (Executive Director, Vice President) will perform the duties on behalf of the President, and Ms. Yao Hong (Executive Director, Vice President) will perform the duties on behalf of the Chairman of the Social Responsibility and Consumer Rights Protection Committee of the Board, immediately after the departure of Mr. Guo Xinshuang, with effect from January 4, 2021. The Bank will inform the shareholders of the Bank by another announcement in regard to the appointment of the new President.