The 2020 First Extraordinary General Meeting of Postal Savings Bank of China Co., Ltd. (the "Bank") convened on March 6, 2020 elected Mr. Guo Xinshuang as Executive Director of the Bank. Recently, the Bank received the CBIRC Approval on the appointment of Mr. Guo Xinshuang of Postal Savings Bank of China Co., Ltd. (Yin Bao Jian Fu [2020] No.247), pursuant to which the China Banking and Insurance Regulatory Commission has approved the appointment of Mr. Guo Xinshuang as Executive Director of the Bank. According to the relevant regulations, Mr. Guo Xinshuang began to serve as Executive Director of the Bank, member of Strategic Planning Committee, member of Nomination and Remuneration Committee, and chairman of Social Responsibility and Consumer Rights Protection Committee of the Board of Directors of the Bank, all with effect from April 23, 2020. The term of office of Mr. Guo Xinshuang as Executive Director of the Bank is three years.