The board of directors of Jilin Jiutai Rural Commercial Bank Corporation Limited announced that due to work re-arrangement, Mr. Zhang Haishan has ceased to be the president of the Bank with effect from August 23, 2019. On August 23, 2019, the Board has approved the resolution in relation to the appointment of Mr. Liang Xiangmin, an executive director of the Bank, as the president of the Bank. Mr. Liang Xiangmin has ceased to be a vice president and the chief operating officer of the Bank with effect from the same day. The qualification of Mr. Liang Xiangmin as the president of the Bank is subject to the approval by the Jilin Bureau of the China Banking and Insurance Regulatory Commission. Mr. Liang Xiangmin has been a vice president since August 2010, the chief operating officer since December 2014, an executive director since April 2016, and the vice chairman since June 2019.