Announcement on 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 February 2,2021, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the Sixth Meeting of the Ninth Board of Directors. After nomination by Chairman of the Board Wang Bin, Mr. Wang Kai was appointed as President of the Bank, with a tenure the same as that of the Ninth Board of Directors..

Mr. Wang Kai satisfies the post qualification and requirements to serve as President as stipulated by relevant laws and regulations and the Articles of Association of the Bank. Post qualification of Mr. Wang Kai to serve as President is still subject to approval of China banking regulatory authorities.

It is hereby announced.

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

 

February 2, 2021

Resume of Mr. Wang Kai

 

Mr. Wang Kai, Male, member of the Communist Party of China, born in September 1972, holds a Ph.D in Economics, and is a Senior Economist.

Mr. Wang now serves as Vice President, a Member of CPC Committee of China Life Insurance (Group) Company and holds concurrent post as Chairman of China Life InsuranceOverseasCo., LtdSecretary of the CPC Committee and President (qualification to be approved) of the Bank.

Mr. Wang has served successively as General Manager of Capital Operation Department, Director of Financial Market Center in the headoffice of Export Import Bank of China, Secretary of the CPC committee and President of Shanghai Branch of Export Import Bank of China. From May 2020, he served as a member of the CPC committee and vice president of China Life Insurance (Group) Co., Ltd.. From September 2020, he concurrently served as Chairman of China Life InsuranceOverseasCo., Ltd.. From January 2021, he concurrently served as Secretary of the CPC committee and PresidentDesignateof China Guangfa Bank