Resolutions Passed At 2022 Third Extraordinary General Meeting of China Guangfa Bank Co., Ltd. 

The 2022 Third Extraordinary General Meeting (inhere after referred to as the ¡°Meeting¡±) of China Guangfa Bank Co., Ltd. (the ¡°Bank¡±) was held in Guangzhou on December 28, 2022. The Meeting was convened by the 9th Board of Directors of the Bank. The chairman of Board of Directors of the bank, Mr. Bai Tao, did not attend the meeting due to other business. The Vice Chairman of Board of Directors, Mr. Wang Kai, presided over the Meeting.

13 shareholders and proxies attended the Meeting (no one was authorized by other shareholders), the total number of voting shares held by them was 19,388,725,853 (Nineteen Billion Three Hundred and eighty-eight Million Seven Hundred and twenty-five Thousand Eight Hundred and fifty-three), 88.98% of total shares of the Bank. Directors, supervisors and senior management members attended the Meeting in non-voting capacity.

The convening of the Meeting and voting procedures were in compliance with the requirements of the Company Law of the PRC and the Articles of Association of China Guangfa Bank Co., Ltd. The resolutions of the Meeting were lawful and valid.

All qualified shareholders and proxies attending the Meeting considered the proposals and voted. The resolutions of the Meeting passed as follow:

1. Consider and approve the Proposal on Electing Mr. Wang Xi as Independent Director of the Ninth Board of Directors of China Guangfa Bank.

Mr. Wang Xi was elected as independent director of the Ninth Board of Directors of the bank, with the same tenure as that of the Ninth Board of Directors. The appointment of Mr. Wang Xi as independent director of the Ninth Board of Directors of the Bank shall take effect upon approval of his qualifications by the China Banking and Insurance Regulatory Commission. In accordance with regulatory regulations, Mr. Tang Xiaoqing will continue to serve as the independent director of the bank until Mr. Wang Xi¡¯s qualification as independent director is approved.

The Board of Directors of the Bank would like to take this opportunity to express its sincere gratitude to Mr. Tang Xiaoqing for his contributions to the Bank during his term of office.

2. Consider and approve the Proposal on Amendments to the Working System of Independent Directors of China Guangfa Bank Co., Ltd.

3. Consider and approve the Proposal on Amendments to Measures for the Implementation of Qualifications and Selection Procedures for Directors and Senior Managers of China Guangfa Bank Co., Ltd.

China Guangfa Bank Co., Ltd.

December 28, 2022