Reference is made to the announcement of Bank of Communications Co., Ltd. dated 13 January 2023 and the circular of the Bank dated 13 January 2023 in relation to, among others, the proposed appointment of Mr. Yin Jiuyong (Mr. Yin) and Mr. Zhou Wanfu (Mr. Zhou) as executive directors of the Bank. The Bank recently obtained the "Approval from the National Administration of Financial Regulation concerning Bank of Communications on the Qualification of Yin Jiuyong " (Jin Fu [2024] No. 72) and "Approval from the National Administration of Financial Regulation concerning Bank of Communications on the Qualification of Zhou Wanfu" (Jin Fu [2024] No.

71). The National Administration of Financial Regulation has respectively approved the qualification of Mr. Yin and Mr. Zhou to serve as directors of the Bank. Mr. Yin and Mr. Zhou have officially taken office as executive directors of the Bank.

Upon the approval of his qualification as a director, Mr. Yin also served as a member of the Risk Management and Related Party Transactions Control Committee of the board of directors of the Bank and Mr. Zhou also served as a member of the Social Responsibility (Environmental, Social and Governance) and Consumer Protection Committee of the board of directors of the Bank.