The board of directors of Shengjing Bank Co., Ltd. announced that Mr. Zhu Jialin (‘Mr. Zhu') has resigned from the positions of non-executive Director, member of the Audit Committee and member of the Nomination and Remuneration Committee of the Bank due to personal work arrangement. Mr. Ji Kun (‘Mr. Ji') has resigned from the positions of non-executive Director and member of the Risk Control and Consumers' Rights Protection Committee of the Bank due to personal work arrangement. In addition, the company referred to (i) the announcement of the Bank dated 30 March 2021, (ii) the circular of 2020 Annual General Meeting of the Bank dated 23 April 2021, and (iii) the poll results announcement of the 2020 Annual General Meeting of the Bank dated 25 May 2021, in relation to, among other things, the proposed election of Mr. Pan Darong (‘Mr. Pan') as a non-executive Director of the Bank.

Mr. Pan was nominated as a candidate for non-executive Director by the Board on 30 March 2021. The election was approved at the 2020 Annual General Meeting of the Bank held on 25 May 2021. Mr. Pan's eligibility as a Director has not been ratified by the Liaoning Bureau of the China Banking and Insurance Regulatory Commission.

The Board announced that it has recently received the resignation tendered by Mr. Pan. Mr. Pan has resigned from the position of the proposed non-executive Director of the Bank due to personal work arrangement. The resignation of Mr. Zhu, Mr. Ji and Mr. Pan will take effect on 30 March 2022.