China Banking Corporation at its regular meeting held on 05 December 2018, the Board of Directors ratified the interlocking positions of the following: Mr. William C. Whang, Director and President, in Manulife China Bank Life Assurance Corporation as Director; Mr. Patrick D. Cheng, Senior Vice President and Chief FInance Officer, in China Bank Insurance Brokers Inc. (CIBI) as Director, subject to the approval of the CIBI Board; and Ms. Charlene Grizel M. Perez, Deputy Senior Manager, Financial Planning and Analysis Division, in CIBI as Accounting Department - Subsidiary Oversight Officer effective 15 December 2018. And approve promotion of Ms. Lilian Yu, head of institutional Banking Group from First Vice president II to senior vice president, effective December 16, 2018 and Mr. Jerry Ron T. Hao, head of foreign exchange and derivatives division from vice president II to first vice president I, effective December 16, 2018. And approve the re-organization of the board committees: Audit Committee: Alberto S. Yao – Chairman, Joaquin T. Dee – Member, and Philip S.L. Tsai – Member; Nominations Committee: Philip S.L. Tsai – Chairman, Alberto S. Yao – Member, and Margarita L. San Juan – Member; Compensation or Remuneration Committee: Philip S.L. Tsai – Chairman, Hans T. Sy – Member, Harley T. Sy – Member, Alberto S. Yao – Member, and Margarita L. San Juan – Member; Corporate Governance Committee: Philip S.L. Tsai – Chairman Alberto S. Yao – Member, Margarita L. San Juan – Member; Related Party Transaction Committee: Philip S.L. Tsai – Chairman, Alberto S. Yao – Member, and Margarita L. San Juan – Member.