The board of directors of China Everbright Bank Company Limited announced that Mr. ZHAO resigned from the positions as an executive director, a member of the Strategy Committee, a member of the Risk Management Committee and the President of the company. Mr. ZHAO's resignation will become effective upon the submission of his resignation letter to the Board. The Board also announces that at the meeting of the Board held in the afternoon of January 14, 2016, it was resolved that Mr. ZHANG Jinliang be nominated as the candidate for the position of an executive director of the company, and his appointment is subject to the approval by the shareholders' general meeting of the company and China Banking Regulatory Commission and his term of office will commence on the date when the approval of CBRC is obtained.

ZHANG Jinliang is currently serving as a member of the PRC Communist Party Committee of China Everbright Group Limited. The Board also resolved that Mr. ZHANG be engaged as the President of the Company subject to the approval of CBRC. His term of office will commence on the date when the approval of CBRC is obtained.

ZHANG Jinliang served as the Executive Vice President of Bank of China from July 2014 to January 2016.