China Merchants Bank Co., Ltd. announced that in view of Mr. Xiong Liangjun's resignation as an Employee Supervisor of the Company due to his age, the Company held an employee representative meeting as required by laws on 30 June 2023, at which Mr. Yang Sheng was democratically elected as an Employee Supervisor of the twelfth session of the Board of Supervisors of the Company. Mr. Yang Sheng's term of office as an Employee Supervisor shall commence from 30 June 2023 until the expiration of the twelfth session of the Board of Supervisors. Mr. Xiong Liangjun's resignation as an Employee Supervisor shall take effect from 30 June 2023.

Mr. Yang Sheng, born in August 1972, obtained his master's degree in Economics from Renmin University of China and is a senior economist. He is currently the Director of the General Office of Head Office of the Company. He joined the Company in July 1998 and successively served as the Assistant General Manager, the Deputy General Manager and the General Manager of the Human Resources Department of the Head Office of the Company from September 2016 to November 2022.

He has been serving as the Director of the General Office of Head Office of the Company since November 2022.