The board of supervisors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Peng Bihong, a Shareholder Supervisor of the Company. Due to change in work arrangements, Mr. Peng Bihong tendered his resignation to the Board of Supervisors as a Shareholder Supervisor of the Company and a member of the Nomination Committee under the Board of Supervisors. The resignation of Mr. Peng Bihong shall take effect from 11 January 2024.