The Board of Directors (the "Board") of Postal Savings Bank of China Co., Ltd. (the "Bank") held a meeting on May 31, 2021 to consider and approve the resolution on the appointment of Mr. Liu Jianjun as the President of the Bank, and convened the 2020 Annual General Meeting on June 29, 2021 to consider and approve the resolution on the election of Mr. Liu Jianjun as the Executive Director of the Bank. Today, the Bank received the Approval by the CBIRC on the Appointment of Liu Jianjun of Postal Savings Bank of China (Yin Bao Jian Fu [2021] No. 628), pursuant to which the China Banking and Insurance Regulatory Commission (the "CBIRC") has approved the appointment of Mr. Liu Jianjun as the President and Executive Director of the Bank. Mr. Liu Jianjun shall begin to serve as the President and Executive Director of the Bank with effect from August 1, 2021, and concurrently serve as member of the Strategic Planning Committee of the Board, member of the Nomination and Remuneration Committee of the Board and the chairman and member of the Social Responsibility and Consumer Rights Protection Committee of the Board of the Bank. The term of office of Mr. Liu Jianjun as the Executive Director of the Bank is three years. Mr. Liu Jianjun began to serve as the Vice President and member of the Leading Party Members' Group of China Post Group Co., Ltd. and the Deputy Secretary of the CPC Committee of the Bank since May 2021. Mr. Liu successively served as the Deputy General Manager of Weifang Branch and Jinan Branch as well as the General Manager of Dezhou Branch under Shandong Branch of China Construction Bank; the Deputy General Manager of Jinan Branch of China Merchants Bank, the General Manager of the Retail Banking Department, the General Manager of the Retail Management Department, the Business Executive of the Head Office and the Senior Executive Vice President of the General Office of Retail Finance, the Director of the Credit Card Center of China Merchants Bank, an Executive Director, an Executive Vice President and the Secretary of the Board of Directors of China Merchants Bank.