The board of directors of Huishang Bank Corporation Limited announced that, due to position rearrangement in the Bank, Mr. Zhang Renfu, an executive director of the Bank, has tendered his resignation on January 6, 2016 as an executive director and member of the Strategic Development Committee of the Board, with effect from the date of tendering his resignation. Mr. Zhang will continue to serve for the Bank and his position will be announced in due course after consideration and completion of relevant procedures by the Bank.