The supervisory committee of China Zheshang Bank Co. Ltd. (the Bank) announced that, pursuant to the Company Law of the People's Republic of China and the articles of association of the Bank, Mr. Wu Fanghua (Mr. Wu) and Mr. Peng Zhiyuan (Mr. Peng) were elected as employee representative supervisors of the sixth session of the Supervisory Committee of the Bank at the general meeting of employees' representatives of the Bank recently, each with a term ending on the date of expiry of the term of the sixth session of the Supervisory Committee of the Bank, and each of them is eligible for re-election upon the expiry of his term of office. Mr. Wu Fanghua, born in August 1972, holds a master's degree in engineering and is a senior accountant.

He currently serves as the director of the Board of Supervisors Office of the Bank. He has previously served as a loan officer of Shaoxing City Branch of Industrial and Commercial Bank of China, the deputy manager of the personnel and administration department, the manager of the business department and the manager of the marketing department of Shaoxing Central Sub-Branch of Ping An Property & Casualty Insurance Company of China Ltd., the assistant to the general manager of Huzhou Central Sub-Branch, the deputy general manager of Xiaoshan Sub-Branch, the general manager of Huzhou Central Sub-Branch and the general manager of Shaoxing Central Sub- Branch of Ping An Property & Casualty Insurance Company of China Ltd., the deputy general manager of Zhejiang Branch of Ping An Property & Casualty Insurance Company of China Ltd., the deputy general manager of Zhejiang Branch of Ping An Annuity Insurance Company of China Ltd., the deputy general manager of the asset management department, the deputy general manager of the financial interbank headquarters, the general manager of the interbank business department, the deputy general manager of the financial institutions department (in charge of relevant work) and the general manager of the business interbank department of the Bank, and the secretary of the Communist Party of China ("CPC") committee and the president of Lanzhou Branch of the Bank. Mr. Peng Zhiyuan, born in January 1976, holds a bachelor's degree, and holds a master's degree in finance.

He currently serves as the leading officer of the planning and finance department (the asset and liability management department) of the Bank. He has previously served as an accountant at the capital management department of the business department of Yingtan City Branch of Agricultural Bank of China, an officer, and an officer at vice-director level of the accountant and cashier division, and the section chief of the finance infrastructure office of Jiangxi Provincial Branch of Agricultural Bank of China, a member of the CPC committee, and vice president of Ganzhou City Branch of Agricultural Bank of China, the deputy general manager (in charge of relevant work), and the general manager of the finance and accounting department of Jiangxi Provincial Branch of Agricultural Bank of China, the secretary of the CPC committee, and the president of Ganzhou City Branch of Agricultural Bank of China, a member of the CPC committee, and vice president of Dalian City Branch of Agricultural Bank of China, the general manager of the Nanchang business unit of the Bank, and the secretary of the CPC committee and the president of Nanchang Branch of the Bank.