[Shanghai Commercial Bank] Announcement: Board Approves Release of Manager from Non-Compete Restriction

1. Board resolution date: 115/06/12 2. Name and title of manager permitted to engage in competitive activities: Li Gen-Tian / Senior Assistant Manager, Shanghai Commercial Savings Bank 3. Approved competitive activity: Director of Bo Feng Insurance (Hong Kong) Limited 4. Period of permitted competitive activity: During the individual's tenure as a manager of the company 5. Resolution outcome (voting results explained under Article 32 of the Company Act): Approved by unanimous consent of all attending directors 6. Name and title of manager if the approved competitive activity involves businesses in Mainland China (enter 'N/A' if not applicable): N/A 7. Name and position at the Mainland China business entity: N/A 8. Address of the Mainland China business entity: N/A 9. Business activities of the Mainland China business entity: N/A 10. Impact on the company's financial and business operations: N/A 11. Investment amount and shareholding ratio if the manager has invested in the Mainland China business: N/A 12. Other matters to be disclosed: None