China Bohai Bank : RESIGNATION OF NON-EXECUTIVE DIRECTOR AND PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTOR

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CHINA BOHAI BANK CO., LTD.

ಲऎვБٰ΅Ϟࠢʮ̡

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

(Stock Code: 9668)

RESIGNATION OF NON-EXECUTIVE DIRECTOR

AND

PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of CHINA BOHAI BANK CO., LTD. (the "Bank") hereby announces that, the Board has received the resignation letter from Mr. ZHANG Bingjun ("Mr. ZHANG"). Mr. ZHANG resigned as the non-executive director of the Bank (the "NED") due to the adjustment of work position, which upon consideration and approval by the Board, becomes effective from March 29, 2021. Upon Mr. ZHANG's resignation becomes effective, he also ceased to be a member of the nomination and remuneration committee of the Board.

Mr. ZHANG has confirmed that he has no disagreement with the Board, and there are no matters relating to his resignation that needs to be brought to the attention of the shareholders of the Bank ("Shareholders") or The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"). The Board expresses sincere gratitude to Mr. ZHANG for his contribution to the development of the Bank during his term of office.

The Board is pleased to announce that, the Board proposed to appoint Mr. WANG Zhiyong ("Mr. WANG"), nominated by TEDA Investment Holding Co., Ltd., a Shareholder, as the NED of the fifth session of the Board of the Bank and a member of the nomination and remuneration committee of the Board.

The proposed appointment of Mr. WANG as the NED is subject to the approval by the Shareholders' general meeting and the approval of his appointment qualification by the China Banking and Insurance Regulatory Commission (the "CBIRC").

Biographical details of Mr. WANG are set out below:

Mr. WANG Zhiyong, born in 1972, an economist and a doctorate candidate in finance. He served as the Deputy Secretary of the Communist Party of China, General Manager, Secretary of the Communist Party of China and Chairman of Tianjin Tsinlien Investment Holdings Co., Ltd. (˂ ݵݵᑌҳ༟છٰϞࠢʮ̡), the Deputy Secretary of the Communist Party of China, General Manager, Secretary of the Communist Party of China and Chairman of Hong Kong Tsinlien Group Co., Ltd. (࠰ಥݵᑌණྠϞࠢʮ̡), and the Chairman of the board of directors of Tianjin Development Holdings Limited. He now serves as the Secretary of the Communist Party of China and chairman of the board of directors of TEDA Investment Holding Co., Ltd.

Save as disclosed above, Mr. WANG has not held any other directorship in other listed companies in the past three years or any other major appointment and qualification. Save as disclosed above, Mr. WANG does not have any other relationships with other directors, supervisors, senior management or substantial Shareholders of the Bank.

Upon obtaining the approval by the Shareholders' general meeting and the approval of his appointment qualification by the CBIRC, Mr. WANG will enter into a service contract with the Bank. The term of office as a director of Mr. WANG will commence upon the approval by the Shareholders' general meeting and on the date of the approval of his appointment qualification by the CBIRC until the expiry of the term of the fifth session of the Board. Pursuant to the allowance proposal for NED of the Bank as recommended by the nomination and remuneration committee of the Board and the Board, Mr. WANG will not receive any remuneration from the Bank (the proposal is subject to the approval by the Shareholders' general meeting).

In addition, Mr. WANG does not have any interests in the shares of the Bank within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed herein, there are no other matters in relation to the appointment of Mr. WANG that need to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange nor any other matters that need to be brought to the attention of the Shareholders.

By order of the Board CHINA BOHAI BANK CO., LTD.

LI Fuan

Chairman

Tianjin, China

March 29, 2021

As of the date of this announcement, the Board of the Bank comprises Mr. LI Fuan, Mr. QU Hongzhi, Mr. LI Yi and Mr. DU Gang as executive directors; Mr. FUNG Joi Lun Alan, Mr. CUI Xuesong, Ms. YUAN Wei, Mr. YE Baishou, Mr. HU Aimin, Mr. ZHANG Xifang and Mr. ZHANG Yunji as non-executive directors; and Mr. MAO Zhenhua, Mr. CHI Guotai, Mr. MU Binrui, Mr. TSE Yat Hong, Mr. WANG Ren and Mr. ZHU Ning as independent non-executive directors.