Guangzhou Rural Commercial Bank Co., Ltd. announced that Mr. Yi Xuefe has tendered his resignation as the executive director, vice chairman, a member of the Strategy and Investment Committee (Sannong Committee) and a member and chairman of the Consumer Rights Protection Committee of the third session of the Board of the Bank and the president of the Bank, due to the exceeding of the term of office as the president under the regulatory requirements. Mr. Yi submitted his written resignation to the Board on 20 February 2023 with immediate effect.