DRCB (09889) recommends appointing Xie Dan as an executive director.

DRCB (09889) announced that in accordance with the regulatory authority's requirements for the tenure of key positions in banks, Mr. Fu Qiang will resign from the position of president of the bank, effective August 17, 2026, as per organizational arrangements. In accordance with relevant provisions of the Company Law of the People's Republic of China and the bank's articles of association, the Board of Directors proposes to appoint Ms. Xie Dan as an executive director of the bank's fifth Board of Directors, as well as a member of the Board's Strategic Decision-Making Committee and the Rural Revitalization Committee, and chairwoman of the Consumer Rights Protection Committee, to take effect upon approval by the shareholders' meeting and qualification approval by regulatory authorities. The Board of Directors has agreed to appoint Ms. Xie Dan as president of the bank, which will take effect after obtaining the qualification approval from regulatory authorities. Following Mr. Fu Qiang's resignation, the Board of Directors has agreed to appoint Mr. Qian Hua, an executive director and vice president of the bank, to perform the duties of the president until the new president's qualification is approved by regulatory authorities. It is proposed to appoint Mr. Zhou Liang as a non-executive director of the bank's fifth Board of Directors, as well as a member of the Board's Nomination and Remuneration Committee, and the Consumer Rights Protection Committee, to take effect upon approval by the shareholders' meeting and qualification approval by regulatory authorities.