Date of announcement 2020/09/02

Time of announcement 19:23:47

Date of events 2020/09/02

To which item it meets paragraph 21

Statement

1.Date of the board of directors resolution:2020/09/02

2.Name and title of the managerial officer with permission to engage in competitive conduct:Mr. Stefano Paolo Bertamini

3.Items of competitive conduct in which the officer is permitted to engage:Director of Al Rajhi Banking & Investment Corporation (Malaysia) Berhad

4.Period of permission to engage in the competitive conduct:During the period serving as managerial officer of the Company.

5.Circumstances of the resolution (please describe the results of voting in accordance with Article 32 of the Company Act):The motion has been approved unanimously by the Board of Directors.

6.If the permitted competitive conduct belongs to the operator of a mainland

China area enterprise, the name and title of the managerial officer

(if it is not the operator of a mainland China area enterprise, please enter

“N/A” below):Not applicable

7.Company name of the mainland China area enterprise and the officer's position in the enterprise:Not applicable

8.Address of the mainland China area enterprise:Not applicable

9.Operations of the mainland China area enterprise:Not applicable

10.Impact on the company's finance and business:None

11.If the managerial officer has invested in the mainland China area enterprise, the monetary amount of the investment and the officer's

shareholding ratio:Not applicable

12.Any other matters that need to be specified:Approved by BOD of China Development Financial,

Mr. Stefano Paolo Bertamini will be the President of the Company,effective upon regulatory authority’s approval.