The board (the "Board") of directors of Shengjing Bank Co., Ltd. announced that Mr. QIU Huofa has resigned from the positions of chairman of the Board, executive director, chairman of the Strategic Development Committee and vice chairman of the Nomination and Remuneration Committee of the Board of the Bank with effect from 15 February 2023 due to age reasons. Mr. QIU has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that needs to be brought to the attention of the shareholders or creditors of the Bank.