China Merchants Bank: The board of directors has reviewed and approved the motion "Regarding the abolition of the supervisory board."

China Merchants Bank announced on the evening of April 29 that in accordance with the Company Law and relevant regulations of the China Securities Regulatory Commission and the China Banking and Insurance Regulatory Commission regarding not setting up a board of supervisors, the board of directors has approved the proposal of not setting up a board of supervisors. The audit committee of the board of directors will take on the responsibilities of the board of supervisors as stipulated by laws and regulations, and employee directors will be appointed to the board of directors, and the company's articles of association will be revised accordingly. This decision still needs to be submitted for approval by the shareholders' meeting.