Bank of Tianjin (01578) intends to appoint KPMG as its auditor.

Bank of Tianjin (01578) announced that, based on market information, the bank, following prudent principles and considering the current business situation and future audit service needs, plans to dismiss PricewaterhouseCoopers Zhongtian Certified Public Accountants LLP and PricewaterhouseCoopers (together referred to as "PwC") as the bank's auditor for the year 2024. PwC's tenure will end when the resolution to dismiss the auditors is approved at the shareholders' meeting. According to the tender selection results, the Board of Directors of the bank recommends appointing KPMG Huazhen Certified Public Accountants LLP as the domestic auditor responsible for auditing the bank's 2024 annual financial statements based on domestic standards and recommends appointing KPMG as the international auditor responsible for auditing the bank's 2024 annual financial statements based on international standards, in order to fill the vacancy left by the dismissal of PwC. KPMG's term will end at the bank's next annual shareholders' meeting, with audit fees amounting to 2.87 million RMB.