Announcement on Vice Chairman 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 March 2, 2021, China Guangfa Bank Co., Ltd. (hereinafter referred as the "Bank") held the Second Extraordinary Shareholder’s Meeting in 2021 and Mr. Wang Kai was elected as Director of the Ninth Board of Directors of the Bank. On the same day, the Bank held the Seventh Meeting of the Ninth Board of Directors and Mr. Wang Kai was elected as the Vice Chairman and a member of the Strategy/Consumer Protection Committee of the Ninth Board of Directors.

According to relevant regulations, Mr. Wang Kai’s qualification as Director and Vice Chairman of the Ninth Board of Directors of the Bank is still subject to the approval of China Banking and Insurance Regulatory Commission, with the same tenure as that of the Ninth Board of Directors.

It is hereby announced.

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

 

March 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 , Vice Chairman(qualification to be approved),President (qualification to be approved) of China Guangfa 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