Guangzhou Rural Commercial Bank Co., Ltd. hereby announced that Mr. Zhan Liyuan ("Mr. Zhan"), an external supervisor of the Bank, has recently tendered his written resignation report to the board of supervisors of the Bank (the "Board of Supervisors") and resigned as an external supervisor and the chairman of Nomination Committee of the third session of the Board of Supervisors due to the need to devote more time and energy to other commitments, which has been considered and approved by the eleventh meeting of the third session of the Board of Supervisors. The resignation of Mr. Zhang came into effect from May 19, 2022. Mr. Zhan has confirmed that he has no disagreement with the Board of Supervisors and the nomination committee of the Board of Supervisors, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders and the creditors of the Bank.

The Bank would like to take this opportunity to express its sincere gratitude to Mr. Zhan for his valuable contribution to the Bank during his term of office as an external supervisor of the Bank and offer its best wishes to him.