Announcement on General Meeting Approval of Engagement of the Accounting Firms for 2021 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 October 28, 2021, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the 2021 Third Extraordinary General Meeting. The meeting considered and approved the proposal on the Engagement of the Accounting Firms in 2021, agreed that PWC Zhong Tian (Special General Partnership) as Accounting Firms of the Bank for 2021. The audit fee is RMB 6.39 million.

Earlier, On August 24, 2021, The Bank held the Tenth Meeting of the Ninth Board of Directors. The meeting considered and approved this proposal. The Independent Directors of the Bank have approved the Engagement of the Accounting Firms, and express their independence opinions on this matter as follows: PWC Zhong Tian (Special General Partnership) shall have the qualification and professional ability to engage in financial auditing, the ability to protect investors, and rich experience in auditing, and shall meet the independence requirements of relevant independence policies and professional codes. The reasons for the change of the accounting firm are justified and sufficient, and the review procedure of the appointment is in accordance with the relevant laws and regulations and the provisions of the articles of association

It is hereby announced.

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

October 28, 2021