Announcement on Approval of Qualification as President by The CBIRC 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 August 16, 2019, China Guangfa Bank Co., Ltd. (hereinafter referred as "the Bank") held the Eleventh Meeting of the Eighth Board of Directors and Mr. Yin Zhaojun was appointed as President of the Bank, with the same tenure as that of the Eighth Board of Directors.

Today, the Bank receives the Reply of China Banking and Insurance Regulatory Commission on the Post Qualification of Yin Zhaojun from China Guangfa Bank (Yin Bao Jian Fu [2019] No. 844). Pursuant to the approval, the qualification of Mr. Yin Zhaojun as President of the Bank has been approved by the CBIRC and his term of service commenced on September 16, 2019.

The Board of Directors hereby delivers its sincere congratulations on the appointment of Mr. Yin Zhaojun as President of the Bank.

It is hereby announced.

 

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

September 16, 2019