Bank of Communications : INDICATIVE ANNOUNCEMENT ON THE CONVENING OF THE 2022FIRST EXTRAORDINARY GENERAL MEETING AND 2022 FIRST HSHAREHOLDERS CLASS MEETING

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Bank of Communications Co., Ltd.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 03328)

INDICATIVE ANNOUNCEMENT ON THE CONVENING OF THE 2022 FIRST EXTRAORDINARY GENERAL MEETING AND 2022 FIRST H SHAREHOLDERS CLASS MEETING

Reference is made to the notices (the "Notices") and the circular (the "Circular") of the 2022 first extraordinary general meeting (the "EGM") and the 2022 first H shareholders class meeting (the "H Shareholders Class Meeting", together with the EGM, "the Meetings") of Bank of Communications Co., Ltd. (the "Bank") dated 8 July 2022, the proxy forms (the "Proxy Forms") and reply slips (the "Reply Slips") of the Meetings. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

In order to implement the requirements of the policies of Shanghai Municipality regarding the prevention and control of COVID-19 pandemic, and fully protect the health of the attendees of the Meetings, the Board hereby provides reminders for relevant matters of the Meetings.

The information set forth in the Notices, Circular, Proxy Forms, and Reply Slips, including the date, time, venue, way of voting of the Meetings, and eligibility for attending the Meetings, appointment of proxy, registration procedures, closure of register of members as well as the resolutions to be considered at the Meetings, remains unchanged. For the avoidance of doubt, any Proxy Forms or Reply Slips duly completed and returned in accordance with the instructions printed thereon by the Shareholders remains valid for the Meetings, and the relevant Shareholders are not required to submit the Proxy Forms or Reply Slips again.

In accordance with the requirements of the policies of the prevention and control of the pandemic in Shanghai, the Board recommends the H Shareholders intending to attend the Meetings to vote by filling in and submitting the Proxy Forms, i.e. to indicate your voting intention in the Proxy Form(s) and designate the chairman of the Meetings as your proxy to vote on your behalf on site.

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Shareholders (or proxy thereof) intending to attend the Meetings on site at the head office of the Bank, apart from bringing relevant certificates and materials for the Meetings, shall cooperate with the following matters:

1. Please contact the Board Office of the Bank in advance (no later than 12:00 noon, 24 August 2022) to honestly communicate and register information including, among others, fever and respiratory symptom as well as recent personal travel itinerary. Contact persons of the Board Office: Mr. Pan and Mr. Yang (Tel: [phone], Email: [e-mail]).

1. On the way to, from and at the venue of the Meetings, please adopt proper personal preventive work. The green health code and a valid negative COVID-19 nucleic acid test report issued within 48 hours shall be provided prior to entering the building at where the Meetings are held. Those who have provided the aforesaid information and whose body temperature is below 37.3°C are allowed to enter the venue of the Meetings (specific pandemic prevention requirements may be adjusted according to the pandemic situation at that time). Shareholders and Shareholders' proxies from medium-orhigh-risk regions or those who do not meet the pandemic prevention requirements will not be allowed to enter the venue of the Meetings.

1. Upon arrival at the venue of the Meetings, please follow the arrangement and guidance of the staff and cooperate to implement the requirement of attendee registration. Please wear masks during the whole process and keep necessary distance between seats.

By order of the Board of

Bank of Communications Co., Ltd.

Gu Sheng

Company Secretary

Shanghai, the PRC

8 August 2022

As at the date of this announcement, the directors of the Bank are Mr. Ren Deqi, Mr. Liu Jun, Mr. Li Longcheng*, Mr. Wang Linping*, Mr. Chang Baosheng*, Mr. Liao, Yi Chien David*, Mr. Chan Siu Chung*, Mr. Chen Junkui*, Mr. Woo Chin Wan, Raymond#, Mr. Cai Haoyi#, Mr. Shi Lei#, Mr. Zhang Xiangdong# and Ms. Li Xiaohui#.

• Non-executivedirectors

• Independent non-executive directors

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