The Board of Directors of Industrial and Commercial Bank of China Limited resolved at the meeting of the Board held on 29 February 2024 that Mr. Yao Mingde be appointed as Senior Executive Vice President of the Bank. After the Board considered and approved Mr. Yao Mingde's appointment, the qualification is further subject to the approval of the National Administration of Financial Regulation. The biography of Mr. Yao Mingde is set out below: Yao Mingde, male, Chinese nationality, born in June 1970.

Mr. Yao Mingde joined Agricultural Bank of China in August 1998, he has successively served as Deputy General Manager of the Financial Accounting Department and Deputy General Manager of the Financial Accounting Department/County Area Banking Accounting and Assessment Center of the Head Office of Agricultural Bank of China since April 2009, General Manager of the Financial Accounting Department/Office of Assessment Center/County Area Banking Accounting and Assessment Center (County Area Banking/Inclusive Finance Accounting and Assessment Center) of the Head Office since March 2017 and President of Shenzhen Branch since May 2022 (he served concurrently as Chairman of Agricultural Bank of China (Moscow) Limited from May 2021 to August 2022). Mr. Yao Mingde obtained a Bachelor's degree in Central University of Finance and Economics and obtained a Doctor's degree in Management from Central University of Finance and Economics. He is a senior accountant.