Bank of Qingdao : ANNOUNCEMENT ON QUALIFICATION APPROVAL OF MR. TINGJIE ZHANG AS A DIRECTOR

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Bank of Qingdao Co., Ltd.* 青 島 銀 行 股 份 有 限 公 司 *

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

(H Shares Stock Code: 3866)

(Preference Shares Stock Code: 4611)

ANNOUNCEMENT

ON

QUALIFICATION APPROVAL OF

MR. TINGJIE ZHANG AS A DIRECTOR

References are made to the announcement dated 23 August 2019, the circular dated 24 September 2019 and the announcement dated 15 October 2019 of Bank of Qingdao Co., Ltd. (the "Bank") in relation to the change of independent non-executive director of the Bank.

The Bank has recently received the "Reply on the Qualification Approval of TINGJIE ZHANG

as Director of Banking Institutions by CBIRC Qingdao Office" (Qing Yin Bao Jian Fu〔2020〕 No. 73)(《青島銀保監局關於核准TINGJIE ZHANG銀行業金融機構董事任職資格的批覆》(青銀

保監覆〔2020〕73號)), in which the Qingdao Office of China Banking and Insurance Regulatory Commission (the "CBIRC Qingdao Office") has approved the qualification of Mr. Tingjie Zhang as an independent non-executive director of the Bank. The term of office for Mr. Tingjie Zhang as a director has commenced from 13 February 2020, and will end upon the expiry of the term of the seventh session of the board of directors of the Bank (the "Board").

The Board hereby announces that from 13 February 2020, Mr. Tingjie Zhang serves as the chairman of the Nomination Committee, a member of the Strategy Committee, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Related Party Transactions Control Committee of the Board, the term of office for which will end upon the expiry of the term of the seventh session of the Board.

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For the biographical details of Mr. Tingjie Zhang and other information as required to be disclosed in accordance with the relevant laws and regulations, please refer to the relevant announcements and circular published by the Bank on the HKEXnews website of Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the official website of the Bank (www.qdccb.com) dated 23 August 2019, 24 September 2019 and 15 October 2019, respectively. Up to the date of this announcement, there has been no change to such information.

By order of the Board

Bank of Qingdao Co., Ltd.*

GUO Shaoquan

Chairman

Qingdao, Shandong Province, the PRC

14 February 2020

As at the date of this announcement, the Board comprises Mr. Guo Shaoquan, Mr. Wang Lin, Mr. Yang Fengjiang and Ms. Lu Lan as executive directors; Mr. Zhou Yunjie, Mr. Rosario Strano, Ms. Tan Lixia, Mr. Marco Mussita, Mr. Deng Youcheng and Mr. Choi Chi Kin, Calvin as non-executive directors; Mr. Chen Hua, Ms. Dai Shuping, Mr. Simon Cheung, Ms. Fang Qiaoling and Mr. Tingjie Zhang as independent non-executive directors.

• Bank of Qingdao Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.

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