The board of directors of Weihai City Commercial Bank Co. Ltd. announced that the Board has received the resignation of Mr. SUN Guomao who resigns as an independent non-executive Director of the Bank, the chairman of the Nomination and Remuneration Committee of the Board, a member of the Audit Committee of the Board and the Development Strategy Research Committee of the Board due to expiry of his tenure with effect from the date on which an independent non-executive Director is elected at the general meeting of the Bank to succeed him and have his qualification approved by the China Banking and Insurance Regulatory Commission Shandong Office (the "CBIRC Shandong Office"). During this period, Mr. SUN will continue to perform his duties as the Bank's independent non-executive Director, chairman and member of relevant special committees of the Board.