Bank of Tianjin Co., Ltd. the change of joint company secretary will take effect from the date when the Waiver is granted by the Hong Kong Stock Exchange or from the date when Ms. Dong Xiaodong ("Ms. Dong") obtains the requisite qualifications under Rule 3.28 of the Listing Rules until the expiry of the term of office of the sixth session of the Board of the Bank. The board of directors (the "Board") of the Bank announced that the Hong Kong Stock Exchange has granted the Waiver on January 26, 2021, which is valid for a period of three years from the date of the Waiver (the "Waiver Period"). Therefore, the appointment of Ms. Dong as a joint company secretary of the Bank took effect on January 26, 2021. The Waiver is on conditions: (i) Ms. Dong must be assisted by Dr. Ngai Wai Fung ("Dr. Ngai") as a joint company secretary of the Bank during the Waiver Period; and (ii) the Waiver could be revoked if there are material breaches of the Listing Rules by the Bank.