The Board of Directors of Bank of Jiujiang Co., Ltd. announced that, recently, the Bank received the approval dated 30 May 2023 from the China Banking and Insurance Regulatory Commission Jiangxi Bureau (the "CBIRC Jiangxi Bureau") with respect to the qualification of Mr. Xiao Jing ("Mr. Xiao") as a director. Accordingly, the CBIRC Jiangxi Bureau approved the qualification of Mr. Xiao as a director of the Bank, and Mr. Xiao has taken office as an executive director of the Bank from 30 May 2023. The Bank will enter into a service contract with Mr. Xiao.

Mr. Xiao will not receive any remuneration from the Bank as an executive director of the Bank during the term of office, but will receive corresponding remuneration in accordance with his specific management position in the Bank. The Bank will disclose its director's remuneration and allowances in its annual report every year. Mr. Xiao Jing, aged 46, is the president of the Bank.

Mr. Xiao held various positions in the software development center of Industrial and Commercial Bank of China Limited (whose H shares and A shares are listed on the Hong Kong Stock Exchange (stock code: 01398) and Shanghai Stock Exchange (stock code: 601398) respectively), including an employee of the development department from July 1999 to December 2002; an employee of the technology department from December 2002 to June 2003; the deputy manager of the second division of the technology department from June 2003 to June 2005; the deputy manager of the second division of the system department from June 2005 to September 2006; the manager of the second division of the system department from September 2006 to January 2008; the senior technical deputy manager of the system department from January 2008 to May 2008; the senior technical deputy manager of the technology department from May 2008 to July 2009; the senior technical manager of the Guangzhou first development division from July 2009 to September 2010; the deputy general manager of the Guangzhou first development division from September 2010 to June 2011; the deputy general manager (person-in-charge) and the general manager of the Guangzhou first development division from June 2011 to March 2012 and from March 2012 to April 2014, respectively. Mr. Xiao joined the Bank in April 2014, and has served as the chief information officer of the Bank from July 2014 to August 2018; a Party committee member and chief information officer of the Bank from August 2018 to December 2018; a Party committee member, the vice president as well as chief information officer of the Bank from December 2018 to December 2021; a deputy secretary of the Party committee, the vice president and chief information officer of the Bank from December 2021 to July 2022, and a deputy secretary of the Party committee, the president and chief information officer of the Bank from July 2022 to August 2022. He has been a deputy secretary of the Party committee and the president of the Bank since August 2022.