The board of directors (the "Board") of CHINA BOHAI BANK CO., LTD. (the "Bank") hereby announces that, the Board has received the resignation letter from Mr. LI Fuan ("Mr. LI"). Mr. LI resigned as chairman, an executive director of the Bank and chairman of the Development Strategy and Inclusive Finance Committee of the Board, a member of the Nomination and Remuneration Committee of the Board due to retirement. As considered and approved by the Board, the resignation of Mr. LI became effective on July 18, 2023.

Mr. LI has confirmed that he has no disagreement with the Board, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders ("Shareholders") or creditors of the Bank or The Stock Exchange of Hong Kong Limited (the " Hong Kong Stock Exchange"). The Board expresses sincere gratitude to Mr. LI for his contribution to the development of the Bank during his term of office. To ensure the normal operation of the Bank, in accordance with relevant laws and regulations and the relevant provisions of the Articles of Association of the Bank, all directors of the Board unanimously agree to elect Mr. QU Hongzhi, an executive director and the president of the Bank, to act as the acting chairman of the Board, until the date when the qualification of the new chairman of the Board is approved by the relevant regulatory authority.

The Board announced that, as nominated by TEDA Investment Holding Co., Ltd., a Shareholder, and reviewed by the Nomination and Remuneration Committee of the Board of the Bank, the Board proposed to appoint Mr. WANG Jinhong ("Mr. WANG") as an executive director, chairman of the fifth session of the Board of the Bank, chairman of the Development Strategy and Inclusive Finance Committee of the Board and a member of the Nomination and Remuneration Committee of the Board, his term of office will commence from the date when he is elected as an executive director of the Bank by the Shareholders' general meeting of the Bank and his related appointment qualification is approved by relevant regulatory authority until the expiry of the term of the fifth session of the Board of the Bank. Mr. WANG Jinhong, born in 1971, is an economist and a doctorate candidate in finance. He was a vice president of Tianjin Branch of Shenzhen Development Bank, the party secretary and president of Tianjin Branch of the Bank, the party secretary and president of Binhai New District Branch of the Bank, the president of Tianjin Pilot Free Trade Zone Branch of the Bank, an assistant to president, a member of the party committee, a vice president and an executive director of the Bank.

He was chairman of Tianjin Haihe River Industry Fund Management Co., Ltd. He is currently the party secretary of the Bank. Save as disclosed above, Mr. WANG has not held any other directorship in other listed companies in the past three years or any other major appointment and qualification. Save as disclosed above, Mr. WANG does not have any other relationships with other directors, supervisors, senior management or substantial Shareholders of the Bank.

Upon his election as an executive director of the Bank by the Shareholders' general meeting and the approval of his related appointment qualification by the relevant regulatory authority, Mr. WANG will enter into a service contract with the Bank. The term of office of Mr. WANG will commence from the date when he is elected as an executive director of the Bank by the Shareholders ' general meeting of the Bank and his appointment qualification is approved by relevant regulatory authority until the expiry of the term of the fifth session of the Board. The Bank will determine his annual basic salary based on his position as chairman of the Board, and his annual performance-based salary and incentive payments during the tenure shall be determined annually by the Shareholders' general meeting and the Board upon evaluation in accordance with the relevant laws and regulations, the Bank's operating conditions, and the remuneration policies of the Bank for leaders of enterprise under Tianjin Municipal Government, other benefit packages include basic pension insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance, housing provident fund and corporate annuity.

The Bank will disclose the specific implementation of the annual remuneration in its annual report each year.