Bank of Jiujiang Co., Ltd. announces that, on 11 February 2022, the Board resolved to appoint Mr. Xiao as the President of the Bank, with a term from the date of approval of his qualification by the China banking and insurance regulatory authorities to the expiry of the term of the sixth session of the Board. Mr. Xiao is eligible for re-election upon expiration of the term of office. Meanwhile, the Board resolved to dismiss Mr. Pan Ming from the position of the President of the Bank, with effect from 11 February 2022.

In addition, Mr. Pan will continue to serve as the Vice Chairman, executive Director of the Bank and members of the special committees of the Board.