The board of directors of Bank of Communications Co., Ltd. had announced that due to work adjustment, Mr. Hou Weidong has submitted a written report to the Board, indicating that he will cease to hold concurrent post as the chief information officer of the Bank since 11 January 2017. Mr. Hou will continue to serve as the executive director and vice president of the Bank. Mr. Hou has confirmed that he had no disagreement with the Board and the senior management of the Bank and there were no matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Bank.