Postal Savings Bank of China Co., Ltd. announced that due to change of job, Mr. Yang Songtang has tendered his resignation to the board of directors of the company as a non-executive director of the Bank, the chairman of the Risk Management Committee and a member of the Strategic Planning Committee under the Board. Mr. Yang Songtang's resignation took effect January 23, 2017 upon his resignation letter being delivered to the Board. Mr. Yang Songtang has confirmed that he has no disagreement with the Board and does not have any matters in relation to his resignation that should be brought to the attention of the shareholders or creditors of the Bank.