Bank of China Limited received the resignation letter from Wang Xiquan. Mr. Wang Xiquan resigned as Chairman of the Board of Supervisors, Shareholder Representative Supervisor and Chairman of the Duty Performance and Due Diligence Supervision Committee of the Board of Supervisors of the Bank due to the reason of age. The resignation shall become effective as of January 18, 2021.

Mr. Wang Xiquan has confirmed that he has no disagreement with the Board of Supervisors of the Bank, and there are no matters related to his resignation that need to be brought to the attention of the shareholders of the Bank. Since Mr. Wang Xiquan began to serve as Chairman of the Board of Supervisors, Shareholder Representative Supervisor and Chairman of the Duty Performance and Due Diligence Supervision Committee of the Board of Supervisors of the Bank, he has fulfilled his responsibilities faithfully and diligently, and made important contributions to the Bank in improving the corporate governance of the Bank and operation of the Board of Supervisors, strengthening supervision on duty performance, financial matters, risk management and internal control, and promoting the Bank's sustainable and healthy development. The Bank and its Board of Supervisors are deeply grateful to Mr. Wang Xiquan for his important contributions to the Bank during his tenure.