A meeting of the board of directors of Agricultural Bank of China Limited was held by video conference in Beijing and Hong Kong on March 24, 2015. All the 15 directors attended the Meeting, of which Mr. Francis YUEN Tin-fan was unable to attend in person due to other business commitment and designated Mr. Frederick MA Si-hang in writing as his proxy to attend and vote on his behalf at the Meeting. The Board approved the following changes in the chairman and members of the Board committees at the Meeting: Mr. WEN Tiejun, Mr. ZHANG Dinglong, Mr. CHEN Jianbo and Mr. HU Xiaohui were elected as the members of the Strategic Planning Committee.

Mr. Anthony WU Ting-yuk ceased to be a member of the Strategic Planning Committee. Ms. XIAO Xing, Mr. ZHANG Dinglong, Mr. CHEN Jianbo and Mr. HU Xiaohui were elected as members of the County Area Banking Business Development Committee. Mr. QIU Dong and Mr. ZHAO Chao ceased to be members of the County Area Banking Business Development Committee.

Mr. WEN Tiejun was elected as the chairman of the Nomination and Remuneration Committee, and Ms. XIAO Xing, Mr. XU Jiandong and Mr. LU Jianping were elected as members of the Nomination and Remuneration Committee. Mr. QIU Dong ceased to be the chairman of the Nomination and Remuneration Committee. Ms. XIAO Xing, Mr. ZHANG Dinglong and Mr. HU Xiaohui were elected as members of the Audit and Compliance Committee.

Mr. QIU Dong ceased to be a member of the Audit and Compliance Management Committee. Mr. Francis YUEN Tin-fan was elected as the chairman of the Risk Management Committee, and Mr. Frederick MA Si-hang, Mr. LU Jianping, Mr. ZHAO Chao, Mr. CHEN Jianbo and Mr. XU Jiandong were elected as members of the Risk Management Committee. Mr. Anthony WU Ting-yuk ceased to be the chairman and a member of the Risk Management Committee and Mr. QIU Dong ceased to be a member of the Risk Management Committee.

Mr. Francis YUEN Tin-fan was elected as the chairman of the Related Party Transactions Management Committee, and Mr. Frederick MA Si-hang, Mr. LU Jianping and Mr. ZHAO Chao were elected as members of the Related Party Transactions Management Committee. Mr. Anthony WU Ting-yuk ceased to be the chairman and a member of the Related Party Transactions Management Committee and Mr. QIU Dong ceased to be a member of the Related Party Transactions Management Committee.