Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

PROPOSED APPOINTMENT OF SUPERVISORS

Reference is made to the announcement of resignation of shareholder supervisor of Bank of Co., Ltd. (the “Bank”) dated 17 March 2020. Due to work adjustment, Ms. Wu Qiangli (“Ms. Wu”) applied to resign as a shareholder supervisor and a member of the Supervising Committee of the Bank. The resignation of Ms. Wu will take effect from the date when the new shareholder supervisor is elected and appointed at the general meeting of the Bank. Ms. Wu will continue to perform her duties as a shareholder supervisor and a member of the Supervising Committee of the Bank until the new supervisor assumes his/her role. Ms. Wu has confirmed that she has no disagreement with the board of directors of the Bank (the “Board”) or the board of supervisors of the Bank (the “Board of Supervisors”) and there are no other matters in relation to her resignation that need to be brought to the attention of the shareholders and creditors of the Bank.

The Board hereby announces that, according to the nomination policy of the supervisors of the Bank, upon respective recommendations from Qianxinan Hongsheng Capital Operation Co., Ltd. (黔西南州宏升資本營運有限責任公司) and Guizhou Province Renhuai -flavor Liquor Industry Development Investment Co., LTD (貴 州省仁懷市醬香型白酒產業發展投資有限責任公司), who are shareholders of the Bank, the Board of Supervisors have nominated and proposed to appoint Ms. Xu Yu (“Ms. Xu”) and Mr. Chen Hongcai (“Mr. Chen”) as shareholder supervisors of the Bank.

The term of office of Ms. Xu and Mr. Chen shall commence from the date of consideration and approval of their appointment by the shareholders’ general meeting until the expiry of the term of the second session of the Board of Supervisors.

– 1 – The biographical details of the supervisor candidates are set out below:

Ms. Xu Yu, born in February 1984, is currently a director, the deputy general manager of Qianxinan Hongsheng Capital Operation Co., Ltd.. From December 2007 to January 2009, Ms. Xu worked as a probationary staff in the accounting department of Xingyi City Local Taxation Bureau of Guizhou Province (貴州省興義市地方稅 務局); From January 2009 to January 2011, she worked as the deputy director of the accounting department of Xingyi City Local Taxation Bureau of Guizhou Province; From January 2011 to October 2011, she worked as the deputy director of Jian’an Real Estate Management Center in Xingyi City Local Taxation Bureau of Guizhou Province; From October 2011 to November 2011, she worked as the deputy director of the integrated department in the Inspection Bureau of Qianxinan Prefecture Local Taxation of Guizhou Province (貴州省黔西南州地方稅務局稽查局); From November 2011 to November 2014, she worked as the section chief of the integrated department in the Inspection Bureau of Qianxinan Prefecture Local Taxation of Guizhou Province; From November 2014 to December 2015, she worked as the branch director of the first branch office in the Inspection Bureau of Qianxinan Prefecture Local Taxation of Guizhou Province; From December 2015 to January 2017, she worked as the office director of the Qianxinan Prefecture Local Taxation Bureau of Guizhou Province(貴州省黔西南州地方稅務局); From January 2017 to April 2017, she worked as the section chief cadre of Qianxinan Prefecture Financial Bureau of Guizhou Province (貴州省黔西南州財政局); From April 2017 to June 2018, she worked as the section chief cadre of Qianxinan Prefecture Administrative Bureau of State-owned Property of Guizhou Province (貴州省黔西南州國有資產管理局); From June 2018 to March 2019, she worked as the section chief cadre of Qianxinan Prefecture Management Committee of State-owned Property of Guizhou Province (貴 州省黔西南州國有資產管理委員會); From March 2019 to September 2019, she worked as the head of the assessment and supervision section in the Supervision and Administration Committee of State-owned Property of Qianxinan Prefecture People’s Government of Guizhou Province (貴州省黔西南州人民政府國有資產監督 管理委員會); From September 2019 to October 2019, she worked as the chief of the assessment and supervision section in the Supervision and Administration Committee of State-owned Property of Qianxinan Prefecture People’s Government of Guizhou Province; Since October 2019, she has worked as a director, the deputy general manager of Qianxinan Hongsheng Capital Operation Co., Ltd..

Ms. Xu studied at the accounting department in School of Business Administration of North Electric Power University () (華北電力大學（北京）工商管 理學院) with a bachelor’s degree from September 2001 to July 2005; she studied in School of Business Administration of North China Electric Power University (Beijing) with a master’s degree from September 2005 to April 2008. Ms. Xu is a certified public accountant.

– 2 – Mr. Chen Hongcai, born in June 1966, is currently a director and deputy general manager of Guizhou Province Renhuai Maotai-flavor Liquor Industry Development Investment Co., LTD. From April 1987 to February 1991, Mr. Chen served as an accountant and director accountant in the former Renhuai County Xitou District Finance Office (仁懷縣喜頭區財政所); From March 1991 to October 2002, he served as the accountant and section chief in the enterprise section of the State- owned Assets Management Bureau of Renhuai City (仁懷市國有資產管理局); From November 2002 to March 2011, he served as the section chief in the enterprise section of the Finance Bureau of Renhuai City (仁懷市財政局); From April 2011 to November 2016, he served as the chief financial officer and the manager of the finance department in Renhuai City Zhengxin Guaranty Co., Ltd. (仁懷市政鑫擔保有限 公司); Since December 2016, he has worked as a director and deputy general manager of Guizhou Province Renhuai Maotai-flavor Liquor Industry Development Investment Co., LTD.

Mr. Chen graduated from School of Financing Accounting in Guizhou Radio & TV University (貴州廣播電視大學) with a college degree.

As of the date of this announcement and to the best knowledge of the Board of Supervisors, each of the supervisor candidates has not held any other position in the Bank or held any directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years. As of the date of this announcement, each of the supervisor candidates does not have other relationship with any directors, supervisors, senior management or substantial shareholders of the Bank. Each of the supervisor candidates does not have any interest in the shares of the Bank or its associated entities within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed in this announcement, there is no other information in relation to the appointment of each of the supervisor candidates which is required to be disclosed pursuant to the requirements set out in Rules 13.51(2) (h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited nor are there any matters which need to be brought to the attention of the shareholders of the Bank.

– 3 – The Bank will enter into service contract with each of the appointed supervisors (if appointed). Ms. Xu and Mr. Chen will not receive remuneration from the Bank during their tenure of services as supervisors of the Bank.

A circular containing, among others, details of the above-mentioned proposal, together with a notice of the shareholders’ general meeting, will be sent to the shareholders of the Bank in due course.

By order of the Board Bank of Guizhou Co., Ltd. LI Zhiming Chairman

Guiyang, the PRC, 31 March 2020

As of the date of this announcement, the Board of the Bank comprises Mr. LI Zhiming and Mr. XU An as executive directors; Ms. GONG Taotao and Mr. LU Lin as non-executive directors; and Mr. TANG Xin, Mr. WANG Gefan, Mr. SONG Ke, Mr. LI Shoubing and Mr. LAW Cheuk Kin Stephen as independent non-executive directors.

* Bank of Guizhou Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.

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