A meeting was held by the Board of Directors of Postal Savings Bank of China Co., Ltd. on December 28, 2022, at which the proposal regarding changes in members of Board committees of the Bank was considered and approved. The Board resolved to elect Mr. Tang Zhihong as chairman and member of the Related Party Transactions Control Committee of the Board, member of the Risk Management Committee of the Board and member of the Nomination and Remuneration Committee of the Board, whose directorship will take effect from the date of approval of his qualifications as a director by the China Banking and Insurance Regulatory Commission. Commencing from the date of Mr. Tang Zhihong's appointment, Mr. Fu Tingmei will cease to serve on the Board committees.

At the same time, the Board resolved to elect Mr. Chung Shui Ming Timpson as member of the Risk Management Committee of the Board, and Mr. Ding Xiangming ceased to be a member of the Risk Management Committee with effect from the date of resolution.