The board of directors (the " Board ") of China Merchants Bank Co., Ltd. (the " Company ") received resignation letters from Mr. Hu Jianhua and Mr. Hong Xiaoyuan, the non-executive directors of the Company. Due to their age, Mr. Hu Jianhua and Mr. Hong Xiaoyuan have tendered their resignations as the non-executive directors respectively to the Board of the Company. Meanwhile, Mr. Hu Jianhua resigned as a member of the Strategy and Sustainable Development Committee of the Board while Mr. Hong Xiaoyuan resigned as the chairman of the Risk and Capital Management Committee of the Board and a member of the Remuneration and Appraisal Committee of the Board.

The resignations of Mr. Hu Jianhua and Mr. Hong Xiaoyuan will take effect from 5 January 2024.