China Merchants Bank Co., Ltd. approved the Nomination of Ms. Li Jian as an Independent Director. It was agreed that the Nomination Committee under the Board of Directors shall nominate Ms. Li Jian as a candidate for Independent Director of the Twelfth Session of the Board of Directors, and will be proposed at the general meeting for consideration. After consideration and approval at the general meeting, the qualification for serving as an Independent Director shall be submitted to the National Administration of Financial Regulation for review, and her term of office will be effective from the date of approval until the date of expiry of the Twelfth Session of the Board of Directors.

Before the qualification of Ms. Li Jian for serving as an Independent Director is approved, Mr. Wong See Hong will continue to perform his duties as an Independent Director and in special committees under the Board of Directors in accordance with the provisions of relevant laws, regulations and requirements of the Articles of Association of China Merchants Bank Co., Ltd. Ms. Li Jian, born in September 1953, holds a doctorate degree in Economics. She currently serves as a professor of the School of Finance, a doctoral supervisor and a supervisor of Postdoctoral Research Station at the Central University of Finance and Economics. She serves concurrently as a council member of China Society for Finance and Banking, an independent director of PICC Life Insurance Company Limited, an independent director of Schroders BOCOM Wealth Management Co., Ltd., and an external supervisor of Bank of Beijing Co., Ltd. (a company listed on the Shanghai Stock Exchange).

She used to serve as the director of the Consultative Committee for Economics Teaching in Vocational Schools and Junior Colleges under the Ministry of Education, the deputy director of the Consultative Committee for Teaching of Undergraduate Program in Finance under the Ministry of Education, an independent director of CITIC Securities Company Limited (a company listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange), an independent director of Bank of Beijing Co., Ltd., and an independent director of Bank of Communications Co., Ltd. (a company listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange), etc. Ms. Li was one of the a hundred winners of the first National Outstanding Faculty Award, received the special allowance of the State Council and was awarded the Capital Labor Medal.