The board of directors of Zhongyuan Bank Co., Ltd. announces that Mr. WANG Jiong, the President and an executive director of the Bank, ceased to be the President of the Bank due to change of job assignment, which will take effect from August 30, 2022. Mr. WANG Jiong will continue to preform duties as an executive director of the Bank, the chairman of the consumer rights protection committee, members of the strategy and development committee, the related party transactions control committee and the risk management committee of the Bank. On August 30, 2022, the Board has determined to appoint Mr. LIU Kai as the President of the Bank.

The qualification of Mr. Liu Kai as the President of the Bank is subject to the approval by the relevant banking regulatory authorities in the PRC. Mr. LIU Kai aged 51. He is currently a member of the party committee and vice president of Zhongyuan Bank Co., Ltd. Mr. Liu worked as clerk at PBoC Tanghe County Sub-branch from July 1993 to July 1994; served successively as an officer and a section member of the finance management department and a deputy chief section member and a chief section member of the office of the Henan Branch of PBoC from July 1994 to January 1999; served successively as a chief section member, the deputy chief and the chief of the office of the party committee and the manager of the office of legal affairs of PBoC Zhengzhou Central Sub-branch from January 1999 to May 2007; served as the president and the secretary to the party committee of PBoC Anyang Central Sub-branch and the head of the Anyang Central Sub-bureau of the State Administration of Foreign Exchange from May 2007 to August 2011; served as the assistant to the head of the Bureau of Financial Market of PBoC from August 2011 to December 2013; served as a member of the Leading Group Office for the reform and restructuring of some city commercial banks in Henan Province from December 2013 to December 2014; served as a vice president of the Bank since December 2014.

Mr. Liu obtained a bachelor's degree in law from Zhengzhou University in June 1993, and a master's degree in liberal arts from Henan University in June 2007. Mr. Liu obtained a certificate of professional lawyer from the Department of Justice of Henan Province in May 1995 and is a senior economist accredited by the PBoC in May 2005.