Shandong International Trust : ELECTION AND APPOINTMENT OF AN EMPLOYEE REPRESENTATIVE SUPERVISOR

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Shandong International Trust Co., Ltd.

山東省國際信託股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1697)

ELECTION AND APPOINTMENT OF AN EMPLOYEE

REPRESENTATIVE SUPERVISOR

The board of directors (the "Board of Directors") of Shandong International Trust Co., Ltd. (the "Company") announces that, Mr. Zhang Wenbin ("Mr. Zhang"), was elected as an employee representative supervisor of the Company at the employee representative meeting held on 25 October 2019. The term of office of Mr. Zhang shall be the same as the term of office of the second session of the board of supervisors of the Company, commencing from 25 October 2019.

As at the date of this announcement, Mr. Zhang did not hold any shares in the Company. Mr. Zhang will receive his remuneration including salaries, bonuses and other benefits from the Company in accordance with his employment positions in the Company. The Company will disclose the remuneration of the supervisors of the Company in its annual report.

The biographical details of Mr. Zhang are set out as follows:

Mr. Zhang Wenbin ( 張 文 彬), aged 33, is currently the office manager of the Party Committee and the discipline inspection committee of the Company. He has over 10 years of experience in human resources management. He joined the Company in September 2019. From July 2009 to April 2013, he worked at ZTE Corporation ( 中 興 通 訊 股 份 有 限 公 司) (a company whose shares are listed on The Stock Exchange of Hong Kong Limited (stock code: 00763) and the Shenzhen Stock Exchange (stock code: 000063)), and served as a chief performance evaluation manager and overseas human resources manager of human resources department II successively. From April 2013 to May 2016, he worked at the office of general manager of Qingdao Hisense International Marketing Co., Ltd. ( 青 島 海 信 國 際 營 銷 股 份 有 限 公 司) and served as a chief manager of recruitment and deployment at headquarters, chief manager of training at headquarters and human resources manager of European area successively. From May 2016 to September 2019, he served as a senior business manager of party

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committee organisation department (human resources department) at Shandong Lucion Investment Holdings Group Co.. Ltd. ( 山 東 省 魯 信 投 資 控 股 集 團 有 限 公 司). Mr. Zhang obtained a bachelor's degree in business administration from Shandong University, and a master's degree in corporate management from Peking University.

Save as disclosed above, Mr. Zhang neither held any directorship in any listed company other than the Company nor held any positions in the group members of the Company in the past three years. Save as disclosed above, Mr. Zhang has no relationship with any other directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Company. Mr. Zhang has no interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed above, there is no other information relating to the appointment of Mr. Zhang that needs to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

By order of the Board

Shandong International Trust Co., Ltd.

WAN Zhong

Chairperson

Jinan, the People's Republic of China, 25 October 2019

As at the date of this announcement, the Board of Directors comprises Mr. Wan Zhong and Mr. Yue Zengguang as executive directors; Mr. Xiao Hua and Mr. Jin Tongshui as non-executive directors; Mr. Yen Huai-chiang, Mr. Ding Huiping and Ms. Meng Rujing as independent non-executive directors.

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