Chongqing Rural Commercial Bank Co., Ltd. (CQRC Bank) disclosed that Hong Kong Exchanges and Clearing Limited has approved its application to extend the grace period for complying with Rule 3.11 of the Listing Rules to 31 December 2026.

The extension became necessary after the passing of independent non-executive director (INED) Mr. Li Jiaming, which left the Board with seven members—comprising two executive directors, three non-executive directors and two INEDs—below the minimum threshold of three INEDs and the one-third Board representation stipulated under Rules 3.10(1) and 3.10A.

On 28 April 2026, the Board resolved to nominate Ms. Cao Shinan and Ms. Gao Yang as INED candidates. Shareholders approved their appointments at the 2025 annual general meeting on 28 May 2026. Both appointments will take effect upon clearance of their qualifications by the National Financial Regulatory Administration Chongqing Office (NFRA Chongqing Office), lasting until the end of the current Board term.

Once regulatory approval is obtained, the Bank’s Board composition will satisfy the independent director requirements of the Hong Kong Listing Rules. CQRC Bank has committed to issue further announcements upon completion of the NFRA Chongqing Office’s review.

As of the announcement date (18 June 2026), Board membership consists of: • Executive directors: Mr. Liu Xiaojun (Chairman) and Mr. Sui Jun • Non-executive directors: Mr. Ma Bao, Mr. Dong Bin and Mr. Yuan Gang • Independent non-executive directors: Mr. Lee Ming Hau and Ms. Bi Qian

The Bank operates under PRC financial licence number B0335H250000001 and is not an authorized institution under Hong Kong’s Banking Ordinance.