China Minsheng Banking Corp., Ltd. announced the Appointment Qualification of Song Huanzheng of Minsheng Bank, which approved the qualification of Mr. Song Huanzheng as an independent non-executive director of the Bank. Mr. Song Huanzheng acts as an independent non-executive director of the Bank and Chairman of the Related Party Transactions Supervision Committee and a member of the Nomination Committee, the Compensation and Remuneration Committee and the Risk Management Committee of the board of directors of the Bank with effect from 30 August 2023. Taking overall consideration of factors such as the Bank's arrangements for the retirement of independent non-executive directors upon expiry of terms, the professional background and work experience of the newly appointed independent non-executive directors, since Mr. Li Hancheng, an independent non-executive director, has served in the Bank for six years already, Mr. Li Hancheng shall no longer continue to serve as an independent non- executive director.

Mr. Li Hancheng confirmed that he has no disagreement with the Board, nor is there other matter that needs to be brought to the attention of the shareholders and creditors of the Bank. The Board expressed its heartfelt due to Mr. Li Hancheng for his contributions to the Bank during his tenure, especially in leading the Related Party Transactions Supervision Committee to perform duties, promoting the improvement of corporate governance, and giving valuable advice to the Board from the perspective of legal profession.