About JIUTAI RCB Company

The issuer is “Approval on Preparing to Establish Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Banking Supervision [2008] No. 401) issued by the China Banking Regulatory Commission (hereinafter referred to as the “China Banking Regulatory Commission”) on October 8, 2008, in accordance with the “Notice of the State Council on Issuing Pilot Program to Deepen the Reform of Rural Credit Cooperatives” (China Banking Regulatory Commission [2003] No. 15) and the “Implementation Measures on Administrative Licensing Matters for Cooperative Financial Institutions” (CBRC Order No. 3 of 2006) The Supervisory Authority (hereinafter referred to as the “Jilin Banking Regulatory Bureau”) issued the “Jilin Banking Regulatory Bureau's Approval for the Opening of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Guanfu (2008) No. 320) issued on December 15, 2008 to establish a joint stock commercial bank in December 2008 by the original eligible shareholders of Jiutai Association and newly introduced corporate shareholders and natural person shareholders on the basis of the liquidation of capital and asset evaluation by the Jiutai Rural Credit Cooperative Association (hereinafter referred to as “Jiutai Association”). When the issuer was established, the registered capital was RMB 30,000. The issuer obtained the “Enterprise Legal Business License” (registration number: 220000000134835) issued by the Jilin Provincial Administration for Industry and Commerce (hereinafter referred to as the “Jilin Provincial Administration for Industry and Commerce”) on December 16, 2008. In 2010, the issuer increased its registered capital to RMB 536 million through dividend delivery and targeted issuance, of which the registered capital was increased by RMB 36 million through dividend delivery, and the registered capital was increased by RMB 20 million through targeted issuance of shares to the issuer's original shareholders. On February 22, 2010 and March 28, 2010, the issuer held the 9th meeting of the first board of directors and the 3rd meeting of the shareholders' meeting respectively to review and approve the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Stock Transfer Proposal” and the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Proposal on Targeted Stock Placement”. On May 18, 2010, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the 2009 Targeted Placement Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Review (2010) No. 139), which approved the issuer's 2009 share dividend allocation plan and targeted issuance plan. Among them, according to the targeted issuance plan, the issuer raised RMB 20 million in this issuance. The issuance target was the original shareholders at the beginning of the issuer's establishment, and the issue price was 1.7 yuan per share. On August 10, 2010, Jilin Haoling Certified Public Accountants issued the “Capital Inspection Report” (Ji Haoling (2010) No. 27). After inspection, as of August 9, 2010, the issuer had increased the capital by RMB 36 million in stock dividends and received a monetary capital increase of RMB 20 million; the registered capital before the issuer changed was RMB 30 million, and the paid-in capital was RMB 30 million. The registered capital after the change was RMB 536 million, and the paid-in capital was RMB 536 million yuan. On December 9, 2010, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the Change of Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2010) No. 461), agreeing to change the issuer's registered capital to RMB 536 million. The issuer obtained the “Business License for Corporate Legal Entities” (registration number: 220000000134835) issued by the Jilin Provincial Administration for Industry and Commerce on August 13, 2010 in connection with this change. In 2011, the issuer increased its registered capital from RMB 536 million to RMB 86,070.4 million through dividend delivery, capital stock transfer and targeted issuance, of which the registered capital was increased by RMB 63.384 million through dividend delivery, the registered capital was increased by RMB 64.32 million by capital stock transfer, and the original corporate shareholders of 2 issuers, including Changchun Longde Real Estate Development Co., Ltd., Changchun Dingxing Construction Engineering Co., Ltd., Jilin Shenghua Agricultural Development Co., Ltd., and Changchunhua Star Construction Co., Ltd., Changchun Chenyu Shopping Center Co., Ltd., and Huaji Investment Co., Ltd. added six additional corporate shareholders to issue targeted shares and increased their registered capital by 200,000 yuan. On January 22, 2011 and January 23, 2011, the issuer held the 15th meeting of the first board of directors and the fourth meeting of the shareholders' meeting respectively to deliberate and pass the “Jilin Jiutai Rural Commercial Bank Co., Ltd. 2010 Stock Transfer Proposal”, “Jilin Jiutai Rural Commercial Bank Co., Ltd. Capital Transfer Proposal”, and “Jilin Jiutai Rural Commercial Bank Co., Ltd. 2011 Targeted Share Placement Proposal”. On February 22, 2011, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on Jilin Jiutai Rural Commercial Bank's 2010 Dividend Transfer and Capital Stock Transfer Plan” (Jiyin Guanfu (2011) No. 93), which approved the issuer's 2010 dividend share delivery and capital reserve transfer share capital increase plan. On 2011/3/10, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval of the Jilin Jiutai Rural Commercial Bank Targeted Placement Plan” (Jiyin Supervisory Review (2011) No. 109), which approved the issuer's targeted stock raising plan. According to the targeted stock raising plan, the issuer's issuance scale this time is 200 million shares. The issuance targets are the issuer's original corporate shareholders and newly added corporate legal entities that meet regulatory requirements. The issue price is 2 yuan per share, and the premium portion is included in the issuer's capital reserve. On August 23, 2011, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the Change of Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2011) No. 394), agreeing to change the issuer's registered capital to RMB 86,070.4 million. The issuer obtained the “Business License for Corporate Legal Entities” (registration number: 220000000134835) issued by the Jilin Provincial Administration for Industry and Commerce on 2011/7/11 in connection with this change. In 2012, the issuer increased its registered capital from RMB 86,070.40 million to RMB 138,3.9838 million through dividend delivery, capital stock transfer and targeted issuance, of which the registered capital was increased by RMB 116.655 million through dividend delivery, and the registered capital was increased by RMB 103.2843 million through capital stock transfer, and the original corporate shareholders of 5 issuers, including Jilin Longyuan Agricultural Production Materials Group Co., Ltd., Jilin Tianyequan Brewing Co., Ltd., and Zhongqing Construction Co., Ltd., Jilin Jichun Industry & Trade Co., Ltd., Jilin Sano Automotive Materials Co., Ltd., Changchun Century Packaging & Printing Co., Ltd., Changchun Wuluqi Agricultural Science and Technology Development Co., Ltd., and Changchun Yanao Electric Co., Ltd. added nine additional corporate shareholders to issue targeted shares and increased their registered capital by 303.34 million yuan. On January 6, 2012 and January 7, 2012, the issuer held the 19th meeting of the first board of directors and the 2011 annual shareholders' meeting to review and approve the “Jilin Jiutai Rural Commercial Bank Co., Ltd. 2011 Profit Dividend Bonus Shares and Cash Dividend Plan” and the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Capital Transfer Plan”. On April 7, 2012 and April 8, 2012, the issuer held the 2nd meeting of the 2nd Board of Directors and the 2012 First Extraordinary General Meeting of Shareholders respectively to review and pass the “Proposal on the 2012 Targeted Stock Placement Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.” On March 7, 2012, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on Jilin Jiutai Rural Commercial Bank's 2011 Stock Dividend and Capital Capital Transfer Plan” (Jiyin Guanfu (2012) No. 60), which approved the issuer's 2011 share dividend and capital reserve share capital transfer plan. On April 28, 2012, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the Targeted Placement Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jibank Supervisory Review (2012) No. 147), which approved the issuer's targeted stock raising plan. According to the targeted stock raising plan, the issuer's issuance scale this time is 200 million to 400 million shares. The issuance targets are the issuer's original corporate shareholders and newly added corporate legal entities that meet regulatory requirements. The issue price is 2.5 yuan per share, and the premium portion is included in the issuer's capital reserve. On June 20, 2012, Jilin Haoling Certified Public Accountants issued the “Capital Inspection Report” (Ji Haoling Certification [2012] No. 019). After inspection, as of June 19, 2012, the issuer had increased the capital by RMB 116.555 million with stock dividends and RMB 10,32843 million from the capital reserve, and received 5 original corporate shareholders including Jilin Jiapeng Construction Group Co., Ltd., as well as Jilin Longyuan Agricultural Production Materials Group Co., Ltd., Jilin Province Tianyequan Brewing Co., Ltd., Zhongqing Construction Co., Ltd., and Jilin Jichun Trade Co., Ltd. The company, Jilin Sainuo Automotive Materials Co., Ltd., Changchun Century Packaging & Printing Co., Ltd., Changchun Wuluqi Group Co., Ltd., Jilin Fengqi Agricultural Science and Technology Development Co., Ltd., and Changchun Yanao Electric Co., Ltd. paid a monetary capital increase of RMB 303.34 million; the registered capital before the issuer changed was RMB 86,0704 million, and the paid-up capital was RMB 138,398.38 million. The paid-up capital was RMB 138,398.38 million 10,000 yuan. On July 9, 2012, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the Change of Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2012) No. 248), agreeing to change the issuer's registered capital to 138,3.9838 million yuan. The issuer obtained the “Business License for Corporate Legal Entities” (registration number: 220000000134835) issued by the Jilin Provincial Administration for Industry and Commerce in connection with this change on June 20, 2012. In 2013, the issuer increased its registered capital from RMB 138,3.9838 million to RMB 1,95,00619 million through capital stock transfer and targeted issuance, of which the registered capital was increased by 166.0781 million yuan, through the original corporate shareholders of 5 issuers including Jilin Provincial Trust Co., Ltd., as well as Changchun Jialian Materials Distribution Co., Ltd., China Timber Co., Ltd., Changchun Huamei Tourism and Culture Media Co., Ltd., Shenzhen Hongji Investment and Development Co., Ltd., Changchun Changqing Pharmaceutical Group Co., Ltd. Changchun Thermal Power Real Estate Development Co., Ltd. and Jilin Science and Technology Investment Fund Co., Ltd. added seven new corporate shareholders to issue targeted shares and increased their registered capital by 400,000 yuan. On January 20, 2013, the issuer held the 5th meeting of the 2nd Board of Directors and the 2012 Annual General Meeting of Shareholders to review and approve the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Capital Transfer Plan” and the “Jilin Jiutai Rural Commercial Bank Co., Ltd. 2013 Targeted Stock Placement Plan”. On March 12, 2013, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Guanfu (2013) No. 49), which approved the transfer of the issuer's Provident Fund to increase the registered capital and agreed to change the issuer's registered capital to 1,550.619 million yuan. On April 5, 2013, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the Targeted Placement Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jibank Supervisory Review (2013) No. 68), which approved the issuer's targeted stock raising plan. According to the targeted stock raising plan, the issuer's issuance scale this time is 400 million shares. The issuance targets are the issuer's original corporate shareholders and additional corporate legal entities that meet regulatory requirements. The issue price is 3 yuan per share, and the premium portion is included in the issuer's capital reserve. On July 9, 2013, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the Change of Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2013) No. 176), agreeing to change the issuer's registered capital to 1,950.619 million yuan. The issuer obtained the “Business License for Corporate Legal Entities” (registration number: 220000000134835) issued by the Jilin Provincial Administration for Industry and Commerce in connection with this change on July 2, 2013. In 2014, the issuer increased the registered capital from RMB 1,950.619 million to RMB 240,60694 million through capital stock transfer and targeted issuance, of which the registered capital was increased by RMB 2340.75 million. The registered capital was increased by RMB 220.00 million through the original corporate shareholders of 7 issuers, including Changchun Dingxing Construction Engineering Co., Ltd., and 2 additional corporate shareholders of Jilin Province, Kunlong Pipe & Pile Co., Ltd. and Liangyun Group Co., Ltd. On March 8, 2014, the issuer held the 10th meeting of the 2nd Board of Directors and the 2013 Annual General Meeting of Shareholders to review and approve the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Capital Transfer Plan” and the “Jilin Jiutai Rural Commercial Bank Co., Ltd. 2014 Targeted Stock Placement Plan”. On March 20, 2014, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on the Targeted Placement Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jibank Supervisory Review (2014) No. 69), which approved the issuer's targeted stock raising plan.According to the targeted stock raising plan, the issuer's issuance scale this time is 200 million to 400 million shares. The issuance targets are the issuer's original corporate shareholders and newly added corporate legal entities that meet regulatory requirements. The issue price is 3.5 yuan per share, and the premium portion is included in the issuer's capital reserve. On March 20, 2014, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval to Transfer the Capital Reserve of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2014) No. 70), agreeing to transfer the issuer's capital stock of 234.75 million yuan to the registered capital. On August 1, 2014, Jilin Xinsheng Certified Public Accountants (General Partnership) issued the “Capital Inspection Report” (Ji Xinsheng Certified (2014) No. 001). After inspection, as of August 1, 2014, the issuer had transferred the registered capital of RMB 234.75 million from the capital reserve, and received 7 original corporate shareholders including Changchun Dingxing Construction Engineering Co., Ltd. and 2 new corporate shareholders of Jilin Province Kunlong Pipe and Pile Co., Ltd. and Liangyun Group Co., Ltd. paid in monetary terms; For RMB 1,506.19 million, paid-up capital of RMB 1,506.19 million, registered capital of RMB 240,60694 million after the change, and paid-up capital of RMB 240,60694 million. On September 28, 2014, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Guanfu (2014) No. 370), which agreed that the issuer would change the registered capital. The registered capital after the change was RMB 2406.694 million. The issuer obtained the “Business License” (registration number: 220000000134835) issued by the Jilin Provincial Administration for Industry and Commerce on September 30, 2014 for this change. In October 2015, the issuer increased the registered capital from RMB 240,60694 million to RMB 309,479.77 million through capital stock transfer and targeted issuance, of which the registered capital was increased by RMB 28,87283 million, through 10 original corporate shareholders including Jilin Provincial Trust Company, Jishi Media Co., Ltd., Huadian Huaneng Market Investment and Development Co., Ltd., Changchun Kangjia Teaching Equipment Co., Ltd., Jilin Province Zhicheng Electric Power Co., Ltd., and Jilin Tongxin Thermal Power Group Co., Ltd. The limited company and Inner Mongolia Hohhot Jingu Rural Commercial Bank Co., Ltd. added six new corporate shareholders to issue targeted shares and increased their registered capital by 400,000 yuan. On February 1, 2015, the issuer held the second meeting of the 3rd board of directors and the 2014 Annual General Meeting of Shareholders to review and approve the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Capital Transfer Plan” and the “Jilin Jiutai Rural Commercial Bank Co., Ltd. 2015 Targeted Stock Placement Plan”. On March 31, 2015, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2015) No. 82), which agreed to increase the issuer's capital reserve by 288.7283 million yuan, and changed the registered capital to 269,4797 million yuan after the transfer. On May 20, 2015, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval on Approving the Targeted Placement Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Review (2015) No. 166), which approved the issuer's targeted fundraising plan. According to the targeted stock raising plan, the issuer's issuance scale this time is 200 million to 400 million shares, and the issuance targets are the issuer's original corporate shareholders and newly added corporate entities that meet regulatory requirements. On July 15, 2015, Jilin Xinsheng Certified Public Accountants (General Partnership) issued the “Capital Inspection Report” (Ji Xinsheng Certificate [2015] No. 002). After inspection, as of June 30, 2015, the issuer had transferred the registered capital of RMB 288.7283 million from the capital reserve, and received 10 original corporate shareholders including Jilin Trust Co., Ltd., Jishi Media Co., Ltd., Huadian Huaneng Market Investment and Development Co., Ltd., Changchun Kangjia Teaching Equipment Co., Ltd., Jilin Zhicheng Electric Power Co., Ltd., and Jilin Tongxinxin Group Co., Ltd. The capital amount paid by six additional corporate shareholders of the company and Inner Mongolia Hohhot Jingu Rural Commercial Bank Co., Ltd. was RMB 40,0000 million; the issuer's registered capital before the change was RMB 240,60694 million, the paid-up capital was RMB 240,60694 million, the registered capital after the change was RMB 309,47977 million, and the paid-in capital was RMB 309,479.77 million. On October 14, 2015, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2015) No. 337), agreeing to change the issuer's registered capital to RMB 309,47,700. The issuer obtained the “Business License” (unified social credit code: 912200001243547911) issued by the Jilin Provincial Administration for Industry and Commerce on October 15, 2015. In December 2015, the issuer increased the registered capital by 20 million yuan through the targeted issuance of shares to the original corporate shareholders of 2 issuers of Changchun Dingxing Construction Engineering Co., Ltd., Changchun Huaxing Construction Co., Ltd., and 1 additional corporate shareholder of Yongtai Holding Group Co., Ltd., and increased the registered capital from RMB 309,47977 million to RMB 3294.7977 million. On December 2, 2015 and December 22, 2015, the issuer held the 5th meeting of the 3rd Board of Directors and the 2nd Extraordinary General Meeting of Shareholders in 2015 respectively to review and pass the “Proposal on the Targeted Stock Placement Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.”According to the targeted stock raising plan, the issuer's issuance scale this time is 200 million shares, and the issuance targets are the issuer's original corporate shareholders and newly added corporate entities that meet regulatory requirements. On December 28, 2015, Jilin Xinsheng Certified Public Accountants (General Partnership) issued the “Capital Inspection Report” (Ji Xinsheng Certification [2015] No. 007). After inspection, as of December 28, 2015, the issuer had received capital contributions of RMB 200,000 from 2 original corporate shareholders of Changchun Dingxing Construction Engineering Co., Ltd. and 1 new corporate shareholder of Yongtai Holding Group Co., Ltd. in the form of monetary contributions; the registered capital before the issuer was changed, RMB 3,094,797,692. The capital received was RMB 3,094,797,692, the revised registered capital was RMB 3,294,797,692, and the paid-in capital was RMB 3,294,797,692. On December 29, 2015, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2015) No. 443), agreeing to change the issuer's registered capital to RMB 329,47,700. The issuer obtained the “Business License” (unified social credit code: 912200001243547911) issued by the Jilin Provincial Administration for Industry and Commerce on December 30, 2015 for this change. The issuer held the 3rd meeting of the 3rd board of directors on August 31, 2015, the 2015 First Extraordinary General Meeting of Shareholders on September 20, 2015, the 6th meeting of the 3rd Board of Directors on December 27, 2015, and the 2016 First Extraordinary General Meeting of Shareholders on January 17, 2016. The meeting reviewed and passed proposals relating to the issuer's initial public offering and listing. According to the “Letter from the Jilin Banking Regulatory Bureau on the Supervisory Opinion of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2016) No. 28) and the “Jilin Banking Regulatory Bureau's Approval on the Initial Public Offering and Listing Plan of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2016) No. 59) issued by the Jilin Banking Regulatory Bureau on April 11, 2016, all funds raised by the issuer will be used to supplement the issuer's capital after deducting the issuance fee. Approved by the “Approval of the Issuance of Foreign Shares Listed Overseas by Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Securities Regulatory License (2016) No. 1874) issued by the China Securities Regulatory Commission on August 17, 2016, the issuer initially publicly issued H shares and listed them on the Hong Kong Stock Exchange on January 12, 2017. The securities abbreviation is “Jiutai Agricultural Commercial Bank”, and the stock code is “06122”. After the H share issuance was completed, the issuer's registered capital increased to 3,984,797,692 yuan. According to the “Capital Inspection Report” (XYZH/2017TJA30011) issued by Xinyong Zhonghe Certified Public Accountants (Special General Partnership) on March 1, 2017, the total amount of capital raised after issuance of the issuer's H shares was HK$3,146,400,000. After deducting other issuance expenses such as underwriting fees, transaction fees, sponsorship fees and attorney fees, the net amount of capital raised was equivalent to RMB 2,647,696,131.74, which increased the registered capital (share capital) of 690,000,000 yuan. The capital reserve was increased by RMB 1,957,696,131.74. The issuer's registered capital (share capital) before this capital increase was RMB 3,294,797,692, the registered capital after the issuer's change was RMB 3,984,797,692, and the paid-up capital was RMB 3,984,797,692. On March 9, 2017, the Jilin Banking Regulatory Bureau issued the “Jilin Banking Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Regulatory Bureau (2017) No. 48), which agreed that the issuer would change the registered capital to 3,984,797,692 yuan. In accordance with the above approval and the provisions of relevant laws and regulations, the issuer revised and reported to the Jilin Banking Regulatory Bureau on the provisions of the “Articles of Association” relating to the registered capital and total number of shares. The Jilin Provincial Administration for Industry and Commerce issued a “Business License” (unified social credit code: 912200001243547911) to the issuer on March 13, 2017, and the registered capital was changed to 3,984,797,692.00 yuan. In 2019, the issuer increased its registered capital from RMB 3,984,797,692 to RMB 4,184,037,577 through capital reserves to increase share capital. On March 28, 2019 and June 20, 2019, the issuer held the 7th meeting of the 4th Board of Directors and the 2018 Annual General Meeting of Shareholders respectively to review and approve the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Capital Transfer Plan”. On July 5, 2019, the Jilin Banking Insurance Regulatory Bureau issued the “Jilin Banking Insurance Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Insurance Regulatory Review (2019) No. 400), which agreed that the issuer would increase the capital reserve of 199,239,885 yuan to registered capital, and agreed to change the issuer's registered capital to 4,184,037,577 yuan. On August 20, 2019, the issuer obtained a “Business License” (unified social credit code: 912200001243547911) issued by the Jilin Provincial Market Supervision and Administration Department for this change. In 2020, the issuer increased its registered capital from RMB 4,184,037,577 to RMB 4,393,239,455 through capital reserves to increase share capital. On March 30, 2020 and June 18, 2020, the issuer held the 11th meeting of the 4th Board of Directors and the 2019 Annual General Meeting of Shareholders respectively to review and approve the “Jilin Jiutai Rural Commercial Bank Co., Ltd. Capital Transfer Plan”. On July 9, 2020, the Jilin Banking Insurance Regulatory Bureau issued the “Jilin Banking Insurance Regulatory Bureau's Approval to Change the Registered Capital of Jilin Jiutai Rural Commercial Bank Co., Ltd.” (Jiyin Insurance Regulatory Review (2020) No. 241), which agreed that the issuer would increase the capital reserve of 209,201,878 yuan to registered capital and agreed to change the issuer's registered capital to 4,393,239,455 yuan. On August 18, 2020, the issuer obtained a “Business License” (unified social credit code: 912200001243547911) issued by the Jilin Provincial Market Supervision and Administration Department for this change.