The board of directors of Bank of Tianjin Co., Ltd. announced that, by reasons of his age, Mr. Li Zongtang has tendered his resignation on the date of this announcement as the chairman of the Bank, an executive director, the chairman of the Strategic Development Committee, a member of the Nomination and Remuneration Committee and a member of the Inclusive Finance Development and Consumer Rights Protection Committee (former Consumer Rights Protection Committee). Mr. Li Zongtang's resignation took effect upon delivery of his resignation letter to the Board. The Board has elected Mr. Sun Liguo as the Chairman of the sixth session of Board of the Bank. SUN Liguo served as the secretary of the Party Committee of the Bank since July 2020. Mr. SUN was approved to be its Executive Director in March 2017 and acted as its President since February 2017. He is responsible for the overall work of its Bank's operation and management. He is also in charge of the Strategic Development Department and the Assets and Liabilities Management Department. Since August 2016 to July 2020, Mr. SUN has served as the deputy secretary of the Party Committee of the Bank. From August 2016 to December 2016, Mr. SUN also worked as the chairman of the supervision committee of China Bohai Bank Co., Ltd. From July 2016 to August 2016. Mr. Sun Liguo will perform the duties of the chairman before the approval of his qualification as the chairman is obtained.