Announcement on Assistant President Appointment of China Guangfa Bank Co., Ltd.

The Board of Directors and all directors of China Guangfa Bank Co., Ltd. ensure that the contents of this Announcement are free from any misrepresentation, misleading statement and material omission, and that they will assume joint and several liability for the truthfulness, accuracy and integrity of the contents.

On September 8, 2018, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the Fourth Extraordinary Meeting of the Eighth Board of Directors in 2018, Mr. Lin Deming and Mr. Fang Qi were appointed as Assistant President of the Bank, with a tenure the same as that of the Eighth Board of Directors.

Post qualification of Mr. Lin Deming and Mr. Fang Qi to serve as Assistant President is still subject to approval of China Banking and Insurance Regulatory authorities.

It is hereby announced.

Board of Directors, China Guangfa Bank Co., Ltd.

September 8, 2018

Resume of Mr. Lin Deming

Lin Deming, born in November 1967, holds a Master’s degree in Finance.

Mr. Lin is Assistant President (Designate) of the BankSecretary of the CPC Committee and President of Credit Card Center of the Bank.

He served successively as Deputy Director and Director of Agency of China Guangfa Bank in Guangzhou Economic & Technological Development District, Deputy Manager of Domestic Business Department of China Guangfa Bank, Secretary of the CPC Committee and President of Shaoguan Branch, General Manager of Business Department of the headoffice, General Manager of Credit Card Center , Secretary of the CPC Committee and General Manager of Credit Card Center of China Guangfa Bank.

Resume of Mr. Fang Qi

Fang Qi, born in September 1970, holds a Master’s degree in Finance.

Mr. Fang is Assistant President (Designate) of the BankSecretary of the CPC Committee and President of Shenzhen Branch of the Bank.

He served successively as Officer of Technology Department, Finance and Accounting Department of Xi’an Sub-Branch of ICBC, Deputy Director of Technology Support Division of Business Department and Deputy Director of Electronic Computing Center, Deputy General Manager of E-Banking Center and Deputy General Manager(in charge of daily operations) of Accounting Management Center of Business Department of Shaanxi Branch of ICBC; Head of IT Department of Xi’an Branch of Huaxia Bank; Manager of Technology Department, Preparation Team Leader of E-Banking Department, General Manager of E-Banking Department, Preparation Team Leader of Xi’an BranchSecretary of the CPC Committee and General Manager of Xi’an Branch of China Guangfa Bank.