The board of directors of Zhongyuan Bank Co., Ltd. announced that on 17 January 2019, the board of supervisors of the Bank received the resignation tendered by Mr. Zhao Ming ("Mr. Zhao"), who will resign as a shareholder representative supervisor and a member of the supervision committee under the Board of Supervisors as he intended to concentrate on other business commitments. His resignation as a shareholder representative supervisor and a member of the supervision committee under the Board of Supervisors will take effect upon the receipt of his resignation letter by the Board of Supervisors on 17 January 2019. Mr. Zhao confirmed that there is no disagreement with the Board and there are no matters that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. On 17 January 2019, the Board of Supervisors proposed to elect Mr. Pan Xinmin ("Mr. Pan") as an external supervisor of the second session of the Board of Supervisors. The proposed election of external supervisor shall take effect after being approved by the shareholders at the general meeting. Mr. Pan, aged 62, has 38 years of working experience in economics. He has been a senior researcher of Henan Songshan Think Tank since November 2018.