Weihai City Commercial Bank Co., Ltd. has recently received the 'Reply on the Qualification Approval of 10 persons from the Bank including ZHAO Yue by CBIRC Shandong Office, in which the Shandong Office of China Banking and Insurance Regulatory Commission (the 'CBIRC Shandong Office') has, among others, approved the qualifications of Mr. LU Jiliang and Mr. ZHANG Wenbin as executive Directors, the qualifications of Mr. SONG Bin, Mr. YIN Lin, Mr. ZHAO Bing and Ms. ZHAO Yue as non-executive Directors and the qualifications of Mr. WANG Shaohong and Ms. SUN Zuying as independent non-executive Directors of the Bank. The terms of office for Mr. LU Jiliang, Mr. ZHANG Wenbin, Mr. SONG Bin, Mr. YIN Lin, Mr. ZHAO Bing, Ms. ZHAO Yue, Mr. WANG Shaohong and Ms. SUN Zuying as Directors have commenced from 2 August 2021, and will end upon the expiry of the term of the eighth session of the Board. In light of the approval of the qualifications of the new Directors, with effect from 2 August 2021, Mr. ZHANG Renzhao, Mr. BI Qiubo, Mr. LI Hang, Mr. WANG Qixiang, Mr. WANG Song, Mr. SUN Chenglong, Mr. LIU Xue and Mr. ZHANG Guanghong (collectively the 'Retiring Directors') ceased to perform their duties as the Directors of the Bank, including the duties of the relevant committees of the Board. Following the qualification approval of the above-mentioned Directors, the Board announces that the chairperson and members of each committee of the Board, effective from the date of this announcement, are as follows: Strategic Development Research Committee: Mr. TAN Xianguo (chairperson), Mr. MENG Dongxiao (vice chairperson), Mr. SONG Bin, Mr. ZHAO Bing, Mr. SUN Guomao, Mr. LU Jiliang and Mr. ZHANG Wenbin. Nomination and Remuneration Committee: Mr. SUN Guomao (chairperson), Mr. FAN Chi Chiu (vice chairperson), Mr. YI Jijun, Mr. WANG Shaohong and Mr. LU Jiliang. Risk Management Committee: Mr. SONG Bin (chairperson), Mr. ZHAO Bing (vice chairperson), Mr. LU Qing, Mr. YIN Lin and Ms. TAO Zunjian. Related Party Transactions Control Committee: Mr. FAN Chi Chiu (chairperson), Mr. LU Qing (vice chairperson), Ms. ZHAO Yue, Ms. SUN Zuying and Mr. ZHANG Wenbin. Audit Committee: Ms. SUN Zuying (chairperson), Mr. WANG Shaohong (vice chairperson), Mr. YI Jijun, Mr. YIN Lin and Mr. SUN Guomao. Consumer Rights Protection Committee: Mr. ZHAO Bing (chairperson), Mr. YI Jijun (vice chairperson), Mr. YIN Lin, Ms. ZHAO Yue and Ms. TAO Zunjian. The term of office for the new Director members of the eighth session of the mentioned committees has commenced from 2 August 2021 and will end upon the expiry of the term of the eighth session of the Board.