The board of directors of Bank of Gansu Co., Ltd. announced that the Board recently received the letter of resignation from Mr. Dong Ximiao ("Mr. Dong"), an independent non-executive director. Due to having served as an independent non-executive director of the Bank for six consecutive years, pursuant to the relevant regulatory requirements of the PRC, Mr. Dong resigns as an independent non-executive director of the Bank, a member of the audit committee, a member of the related party transaction and risk management committee and the chairman of the nomination and remuneration committee under the Board. The Bank will identify a suitable candidate and hold a by-election for the replacement of Mr. Dong as a director as soon as possible according to the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Mr. Dong will continue to perform the relevant duties of the independent non-executive director and the committees under the Board until the appointment of the new independent non-executive director takes effect. Mr. Dong has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders and creditors of the Bank, or The Stock Exchange of Hong Kong Limited. During his tenure at the Bank, Mr. Dong Ximiao has performed his duties diligently and conscientiously, giving full play to his professional strengths and providing valuable advice and suggestions for the Bank's standardized operation and high-quality development.

The Board would like to take this opportunity to give a high appraisal and express its sincere gratitude to Mr. Dong for his contribution to the Bank during his term of office. In accordance with the Articles of Association of the Bank, the Board shall consist of 14 directors. As at the date of this announcement, the Board of the Bank has 13 directors.

According to the Articles of Association of the Bank, the Company Law of the People's Republic of China and other related regulations, the number of members of the Board will not fall short of the statutory minimum requirement due to the resignation of Mr. Dong, and will not impair the normal operation of the Board.