Bank of Communications : INDICATIVE ANNOUNCEMENT ON THE CONVENING OF THE 2021 ANNUAL GENERAL MEETING

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Bank of Communications Co., Ltd.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 03328)

INDICATIVE ANNOUNCEMENT ON THE CONVENING OF

THE 2021 ANNUAL GENERAL MEETING

Reference is made to the notice (the "Notice") and the circular (the "Circular") of the 2021 annual general meeting (the "AGM") of Bank of Communications Co., Ltd. (the "Bank") dated 13 May 2022, the proxy form (the "Proxy Form") and reply slip (the "Reply Slip") of the AGM. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

In order to implement the requirements of the policies of Shanghai Municipality regarding the prevention and control of COVID-19 pandemic, and fully protect the health of the attendees of the AGM, the Board hereby provides reminders for relevant matters of the AGM.

The information set forth in the Notice, Circular, Proxy Form, and Reply Slip, including the date, time, venue, way of voting of the AGM, and eligibility for attending the AGM, appointment of proxy, registration procedures, closure of register of members as well as the resolutions to be considered at the AGM, remains unchanged. For the avoidance of doubt, any Proxy Form or Reply Slip duly completed and returned in accordance with the instructions printed thereon by the Shareholders remains valid for the AGM, and the relevant Shareholders are not required to submit the Proxy Form or Reply Slip again.

At present, the pandemic prevention and control situation in Shanghai is still severe and complicated, and new infection cases outside quarantined areas across the city are reported from time to time. In accordance with the specific requirements of the prevention and control of the pandemic in Shanghai, the Board recommends the H Shareholders intending to attend the AGM to vote by filling in and submitting the Proxy Form, i.e. to indicate your voting intention in the Proxy Form(s) and designate the chairman of the AGM as your proxy to vote on your behalf on site.

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Shareholders (or proxy thereof) intending to attend the AGM on site at the head office of the Bank, apart from bringing relevant certificates and materials for the AGM, shall cooperate with the following matters:

1. Please contact the Board Office of the Bank in advance (no later than 12:00 noon, 27 June 2022) to communicate and register information including, among others, fever and respiratory symptom as well as recent personal travel itinerary. Contact persons of the Board Office: Mr. Pan and Mr. Yang (Tel: [phone], Email: [e-mail])

1. On the way to, from and at the venue of the AGM, please adopt proper personal preventive work. The green itinerary code, green health code and a valid negative COVID-19 nucleic acid test report issued within 48 hours shall be provided prior to entering the building at where the AGM is held. Those who have provided the aforesaid information and whose body temperature is below 37.3oC are allowed to enter the venue of the AGM (specific pandemic prevention requirements may be adjusted according to the pandemic situation at that time). Shareholders and Shareholders' proxies from medium-orhigh-risk regions or those who do not meet the pandemic prevention requirements will not be allowed to enter the venue of the AGM.

1. Upon arrival at the venue of the AGM, please follow the arrangement and guidance of the staff and cooperate to implement the requirement of attendee registration. Please wear masks during the whole process and keep necessary distance between seats.

(IV) Under the current situation of pandemic prevention and control in Shanghai, the Bank is not able to guarantee that the building must not be closed as required by the pandemic prevention and control agency during the AGM. Under such circumstance, Shareholders attending the AGM on site may not be able to enter or leave the building in a timely manner, and such Shareholders shall bear the inconvenience and risks arising therefrom on their own. Shareholders shall be informed of the above situation in advance and the Bank is grateful to the Shareholders' understanding.

By order of the Board of

Bank of Communications Co., Ltd.

Gu Sheng

Company Secretary

Shanghai, the PRC

10 June 2022

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As at the date of this announcement, the directors of the Bank are Mr. Ren Deqi, Mr. Liu Jun, Mr. Li Longcheng*, Mr. Wang Linping*, Mr. Chang Baosheng*, Mr. Liao, Yi Chien David*, Mr. Chan Siu Chung*, Mr. Song Hongjun*, Mr. Chen Junkui*, Mr. Liu Haoyang*, Mr. Yeung Chi Wai, Jason#, Mr. Woo Chin Wan, Raymond#, Mr. Cai Haoyi#, Mr. Shi Lei#, Mr. Zhang Xiangdong# and Ms. Li Xiaohui#.

• Non-executivedirectors

• Independent non-executive directors

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