Weihai City Commercial Bank Co., Ltd. announced that Mr. WANG Xifeng, the employees' representative supervisor of the Eighth Session of the Board of Supervisors of the Bank, has resigned from his position as an employees' representative supervisor with effect from June 20, 2024 due to work adjustment. Mr. WANG has confirmed that he has no disagreement with the Board of Directors and the Board of Supervisors of the Bank in any respect and has no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Bank. The Board and the Board of Supervisors would like to take this opportunity to express their deep gratitude to Mr. WANG for his contribution during his tenure as an employees' representative supervisor.

The Bank held an employees' representative meeting on June 20, 2024, and elected Ms. WANG Wenjing ("Ms. WANG") as an employees' representative supervisor of the Bank, with term of office until the expiry of the term of office of the Eighth Session of the Board of Supervisors. Ms. WANG Wenjing, aged 38. Ms. WANG has served as the general manager of the Party Working Department and the dean of the Training Academy of the Bank since July 2023, and has also served as the director of the Labor Union Office of the Bank since November 2023.

From March 2019 to July 2023, she successively served as the general manager of the Party Working Department, the general manager of the Human Resources Department, and the director of the Office of Party Committee of the Bank. From February 2017 to March 2019, she successively served as the deputy general manager of the Financial Market Department and the deputy general manager of the Party Working Department of the Bank. From July 2009 to February 2017, she successively served as an employee of Changfeng Sub-branch, International Business Department and Retail Banking Department and the center manager of the Financial Market Department of the Bank.

Ms. WANG obtained a master's degree in business administration from Shandong University in 2023, majoring in business administration.