The board of directors of Harbin Bank Co., Ltd. recently received resignation letters from Mr. Wan Kam To ("Mr. Wan") and Mr. Kong Siu Chee ("Mr. Kong"). According to the provisions of the Guidelines on Corporate Governance of Commercial Banks issued by the China Banking and Insurance Regulatory Commission and relevant laws and regulations as well as the articles of association of Harbin Bank Co., Ltd. (the "Articles of Association"), independent directors shall not serve for a term of more than six years on an accumulative basis in the same commercial bank. As the term of office of Mr. Wan and Mr. Kong as independent non-executive directors of the Bank will reach six years on 8 October 2019, Mr. Wan has resigned from his positions as an independent non-executive director of the seventh session of the Board, the chairman of the Audit Committee and the member of the Nomination and Remuneration Evaluation Committee under the Board, and Mr. Kong has resigned from his positions as an independent non-executive director of the seventh session of the Board and members of the Audit Committee and the Development Strategy Committee under the Board, with effect from 8 October 2019. Mr. Wan and Mr. Kong will not hold any positions with the Bank after resignation. Upon the resignation of Mr. Wan and Mr. Kong, the Board has appointed Mr. Ma Yongqiang as the chairman of the Audit Committee and Mr. Hou Bojian as a member of the Development Strategy Committee under the Board and the compositions of the Audit Committee, the Nomination and Remuneration Evaluation Committee and the Development Strategy Committee.