The board of directors of Jinshang Bank Co., Ltd. announced that, due to work changes, Mr. SAI Zhiyi has tendered his resignation as an independent non-executive Director, the chairperson of the Risk Management Committee, the chairperson of the Related Parties Transactions Control Committee, the vice chairperson of the Audit Committee, the vice chairperson of the Nomination, Remuneration and HR Committee, and a member of the Customer Rights Protection Committee under the Board on April 26, 2024. Pursuant to the Articles of Association of the Bank, the resignation of Mr. Sai as an independent non-executive Director is still subject to the approval by the shareholders of the Bank at a general meeting, and the Board will submit the relevant proposal to the Shareholders for approval in due course. Whereas the resignation of Mr. Sai will result in the number of the independent non-executive Directors falling below the minimum number required by the Articles of Association, pursuant to the Articles of Association, Mr. Sai will continue to perform the duties as an independent non-executive Director and the chairperson/vice chairperson/member of special committees under the Board, until the appointment of a new independent non-executive Director is approved by the Shareholders at a general meeting and his/her qualification of directorship is approved by Shanxi Supervision Bureau of National Financial Regulatory Administration.

The Bank will complete the procedures of the appointment of a new independent non-executive Director as soon as possible according to the Articles of Association, and publish the relevant announcements and circular pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.