Bank of Jiujiang Co., Ltd. announced resignation of Mr. Zhang Jianyong ("Mr. Zhang") as the non-executive Director and the election of Mr. Shi Zhishan ("Mr. Shi") as the non-executive Director of the sixth session of the board (the "Board") of directors of the Bank. The Board hereby announces that, on 26 November 2021, the Bank received the approval dated 25 November 2021 from the China Banking and Insurance Regulatory Commission Jiangxi Bureau (the "CBIRC Jiangxi Bureau") with respect to the qualification of Mr. Shi. Accordingly, the CBIRC Jiangxi Bureau approved the qualification of Mr. Shi as the Director of the Bank. Mr. Shi has appointed as the non-executive Director of the Bank, with a term from 25 November 2021 until the expiration of the sixth session of the Board, and the term is renewable by re-election. The Bank will enter into a service contract with him. Mr. Shi will not receive any remuneration from the Bank. The Bank will hold a board meeting as soon as possible to appoint positions as a member of relevant special committee of the Board. Mr. Shi Zhishan, aged 43, served as an appraisal project manager of China Consultants of Accounting and Financial Management Co., Ltd. from June 2005 to March 2006; an appraisal manager of Beijing Zhongxing Xinshiji Accountant Office from March 2006 to January 2007; and a senior appraisal manager of China Appraisal Associates from January 2007 to November 2008. He successively served as a senior manager, an assistant to the head, the head of capital operation department of Beijing Automotive Group Co., Ltd. from November 2008 and July 2013; he successively served as the deputy general manager, the Party Committee Secretary and the general manager of BAIC Group Industrial Investment Co., Ltd. from July 2013 to March 2021; and the Party Committee Secretary and the executive director of BAIC Group Industrial Investment Co., Ltd. since March 2021.