Bank of Tianjin : CHANGE OF CHAIRMAN

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

BANK OF TIANJIN CO., LTD.*

天 津 銀 行 股 份 有 限 公 司 *

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

(Stock Code: 1578)

CHANGE OF CHAIRMAN

The Board announces that:

1. by reasons of his age, Mr. Li Zongtang has tendered his resignation on the date of this announcement as the chairman of the Bank, an executive director, the chairman of the Strategic Development Committee, a member of the Nomination and Remuneration Committee and a member of the Inclusive Finance Development and Consumer Rights Protection Committee (former Consumer Rights Protection Committee). Mr. Li Zongtang's resignation took effect upon delivery of his resignation letter to the Board.
2. the Board convened a meeting on the date of this announcement, and elected Mr. Sun Liguo as the chairman of the Bank, the chairman of the Strategic Development Committee and a member of the Nomination and Remuneration Committee. The qualification of Mr. Sun Liguo as the chairman of the Bank is subject to the approval of Tianjin Bureau of
   CBIRC.
3. Mr. Sun Liguo will perform the duties of the chairman before the approval of his qualification as the chairman is obtained.

RESIGNATION OF EXISTING CHAIRMAN

The board of directors (the "Board") of Bank of Tianjin Co., Ltd. (the "Bank") announces that, by reasons of his age, Mr. Li Zongtang has tendered his resignation on the date of this announcement as the chairman of the Bank, an executive director, the chairman of the Strategic Development Committee, a member of the Nomination and Remuneration Committee and a member of the Inclusive Finance Development and Consumer Rights Protection Committee (former Consumer Rights Protection Committee). Mr. Li Zongtang's resignation took effect upon delivery of his resignation letter to the Board.

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Mr. Li Zongtang has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Bank or The Stock Exchange of Hong Kong Limited.

During his tenure as the secretary of the Party Committee of the Bank and the chairman of the Bank, Mr. Li Zongtang was dedicated and diligent. The Board of the Bank expresses its sincere gratitude to Mr. Li Zongtang for his tireless efforts and outstanding contributions to the Bank during his tenure.

ELECTION OF NEW CHAIRMAN

The Board has elected Mr. Sun Liguo as the Chairman of the sixth session of Board of the Bank. The biographical details of Mr. Sun Liguo are as follows:

SUN Liguo (孫利國), aged 56. Mr. SUN has served as the secretary of the Party Committee of the Bank since July 2020. Mr. SUN was approved to be our Executive Director in March 2017 and acted as our President since February 2017. He is responsible for the overall work of our Bank's operation and management. He is also in charge of the Strategic Development Department and the Assets and Liabilities Management Department. Since August 2016 to July 2020, Mr. SUN has served as the deputy secretary of the Party Committee of the Bank. From August 2016 to December 2016, Mr. SUN also worked as the chairman of the supervision committee of China Bohai Bank Co., Ltd. From July 2016 to August 2016, Mr. SUN also worked as the chairman of the labour union of China Bohai Bank Co., Ltd. From June 2015 to August 2016, he worked as deputy secretary of the Party Committee and chairman of the supervision committee of China Bohai Bank Co., Ltd. From December 2009 to June 2015, he also served as the vice president of China Bohai Bank Co., Ltd. From December 2005 to June 2015, Mr. SUN served as a member of the Party Committee and the secretary to the board of China Bohai Bank Co., Ltd. From August 2005 to

December 2005, he acted as the person-in-charge of the proposed board secretariat of China Bohai Bank Co., Ltd. (渤海銀行股份有限公司) (in planning). From December 2003 to August 2005, Mr.

SUN served as an assistant to the head of General Office of the Planning and Establishment Lead Group of China Bohai Bank (渤海銀行籌建工作領導小組辦公室) and was responsible for the

daily work of such General Office. From January 1998 to December 2003, he worked as the head of general office of China Construction Bank, Tianjin Branch. From December 1990 to January 1998, Mr. SUN served successively as the vice president and president of China Construction Bank

(formerly known as People's Construction Bank of China), Tianjin Nankai Sub-branch (中國人 民建設銀行天津南開支行). From April 1988 to December 1990, he served as an assistant to the

director of the Tianjin Seamless Steel Tube Project Office of People's Construction Bank of China (中國人民建設銀行天津無縫鋼管工程辦事處). From August 1985 to April 1988, Mr. SUN served

as a staff of the Project Inspection Division of People's Construction Bank of China, Tianjin Branch (中國人民建設銀行天津市分行項目審查處).

Mr. SUN graduated from the Faculty of Construction Management at Tianjin University (天津 大學) in July 1985 majoring in construction management engineering of infrastructure. He also obtained a master's degree in business administration from Tianjin University and a master's degree in economics from the Faculty of Finance at Nankai University (南開大學), majoring in monetary banking in July 1997. In January 2012, he received a doctorate degree in management

science and engineering from Tianjin University. He is a qualified senior engineer, accredited by China Construction Bank (中國建設銀行) in 1999.

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Save as disclosed above, as of the date of this announcement, Mr. SUN (i) has not held any position of the Bank or its subsidiaries nor any other directorship or supervisorship in other listed companies for the past three years; (ii) does not have any relationship with any other directors, supervisors, senior management, substantial or controlling shareholders of the Bank; and (iii) does not have any interests in the shares of the Bank within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no other information required to be disclosed pursuant to paragraphs (h) to (v) of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited or any other matters concerning Mr. SUN that need to be brought to the attention of the shareholders of the Bank.

The qualification of Mr. Sun Liguo as the chairman of the Bank is subject to the approval of Tianjin Bureau of CBIRC. The Board approved that Mr. Sun Liguo will perform the duties of the chairman before the approval of his qualification as the chairman is obtained.

By Order of the Board

Bank of Tianjin Co., Ltd.*

ZHANG Furong

Secretary to the Board

Tianjin, China

July 28, 2020

As at the date of this announcement, the members of the board of directors of the Bank comprises Mr. SUN Liguo and Ms. ZHANG Furong, as executive directors; Ms. SUN Jingyu, Ms. DONG Guangpei, Mr. Alistair Marshall Bulloch, Mr. ZHAO Wei, Mr. WANG Shunlong and Ms. LI Jun as non-executive directors; Mr. FENG Heping, Mr. LAW Yee Kwan, Quinn, Mr. JIN Qingjun, Mr. HUA Yaogang and Mr. HE Jia as independent non-executive directors.

• Bank of Tianjin Co., Ltd. is not an authorised 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 authorised to carry on banking/deposit-taking business in Hong Kong.

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