The board of directors of Bank of Gansu Co., Ltd. announced that the board of supervisors of the Bank received the letter of resignation from Mr. Li Yongjun, a shareholder supervisor, on March 29, 2020. Due to work reasons, Mr. Li would like to resign as a shareholder supervisor of the Bank and a member of nomination committee of the Board of Supervisors. The Bank is currently identifying a suitable candidate as the replacement of Mr. Li as a shareholder supervisor, and will make a further announcement in due course. Mr. Li will continue to perform his duties as a shareholder supervisor of the Bank and a member of the Nomination Committee until the new supervisor is appointed. Mr. Li's resignation as a shareholder supervisor of the Bank and a member of the Nomination Committee will take effect from the date when the new shareholder supervisor of the Bank formally assumes his/her role.