Shengjing Bank Co., Ltd. announced that Mr. HAN Li ("Mr. HAN") has resigned as a shareholder representative supervisor, chairman of the seventh session of the board of supervisors of the Bank (the "Board of Supervisors"), vice chairman of the Nomination Committee of the Board of Supervisors and vice chairman of the Supervision Committee of the Board of Supervisors as he has reached the statutory retirement age. The resignation of Mr. HAN will take effect on 10 April 2023. The Board announces that, due to work adjustments, Mr. SHEN Guoyong ("Mr. SHEN") has resigned as President, executive Director of the Bank, vice Chairman of the Risk Control and Consumers' Rights Protection Committee under the Board and member of the Strategic Development Committee under the Board, and will not perform the duties as the chairman of the Board, the chairman of the Strategic Development Committee under the Board and the vice chairman of the Nomination and Remuneration Committee under the Board, with effect from 11 April 2023.

The Board also announces that Ms. LIU Xu ("Ms. LIU"), executive Director and Executive Vice President of the Bank, was appointed as the President of the Bank at the Board meeting on 11 April 2023, subject to the ratification of her eligibility by the banking and insurance regulatory authorities. The term of office for Ms. LIU as the President of the Bank will commence upon the ratification of her eligibility by the banking and insurance regulatory authorities and end upon the termination of the current session of the Board. Ms. LIU Xu aged 54, was elected as an executive director and appointed as the executive vice president of the Bank in May 2022, and has been serving as a member of the Party Committee of the Bank since June 2022.

Ms. LIU served as a member of the Party committee and the deputy dean of the Northeast Research Institute of China Construction Bank (formerly known as the Northeast College of China Construction Bank) from September 2021 to May 2022. From September 2016 to September 2021, Ms. LIU served as a member of the Party Committee and vice president of China Construction Bank Liaoning Provincial Branch. From December 2014 to September 2016, she worked in China Construction Bank Liaoning Provincial Branch, acting as the assistant to the president and a member of the Party Committee.

From December 2011 to December 2014, Ms. LIU worked for China Construction Bank Liaoning Provincial Branch, successively acting as the deputy general manager of Corporate Business Department (responsible for practical operations), the general manager and director of the Annuity Center, and a member of the Discipline Inspection Commission. From December 2003 to December 2011, Ms. LIU held several positions in China Construction Bank Liaoning Provincial Branch, including the vice president of Nanhu Technology Development Zone Sub-branch, the deputy general manager of Asset Preservation Department, the deputy general manager of Corporate Business Department and the vice president of Nanhu Technology Development Zone Sub-branch (responsible for practical operations). From July 1990 to December 2003, Ms. LIU acted successively as the assistant to the general manager and the deputy general manager of the International Business Department, China Construction Bank Liaoning Provincial Branch.

Ms. LIU obtained a bachelor's degree in economics from Liaoning University in July 1990, and has the qualification of senior economist.