Announcement on Approval of Qualification as Director and Chairman 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 March 4, 2022, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the Fifteenth Meeting of the Ninth Board of Directors, Mr. Bai Tao was nominated as candidate for the Ninth Board of Directors of the Bank. On March 25, 2022, the Bank held the First Extraordinary Shareholder’s Meeting in 2022 and Mr. Bai Tao was elected as Director of the Ninth Board of Directors of the Bank. On the same day, the Bank held the Sixteenth Meeting of the Ninth Board of Directors and Mr. Bai Tao was elected as the Chairman, with tenure the same as that of the Ninth Board of Directors.

Recently, the Bank receives the Reply of China Banking and Insurance Regulatory Commission on the Post Qualification of Bai Tao from China Guangfa Bank (Yin Bao Jian Fu2022No. 339). Pursuant to the approval, the qualification of Mr. Bai Tao as Director and Chairman of the Bank has been approved by the CBIRC and his term of service commenced on May 20, 2022.

The Board of Directors hereby delivers its sincere congratulations on the appointment of Mr. Bai Tao as Director and Chairman of the Bank.

It is hereby announced.

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

May 31, 2022