Announcement on General Meeting Approval of Engagement of the Accounting Firm for 2022 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 24 June 2022, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the 2021 annual general meeting. The meeting considered and approved the proposal on the Engagement of the Accounting Firm in 2022, agreed that PWC Zhong Tian (Special General Partnership) provides accounting service for China Guangfa Bank Co., Ltd. in 2022. The audit fee is RMB 6.39 million.

Earlier, The Bank held the Eighteenth 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 Firm, and expressed their independent 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 engagement is in accordance with the relevant laws, regulations and the articles of association.

It is hereby announced.

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

June 29 , 2022