INDICATIVE ANNOUNCEMENT ONTHE 2023 ANNUAL GENERAL MEETING

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.Huishang Bank Corporation Limited* 徽商银行股份有限公司* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3698) INDICATIVE ANNOUNCEMENT ON THE 2023 ANNUAL GENERAL MEETING References are made to (1) the notice (the “Notice”) and the circular (the “Circular”) of the 2023 annual general meeting (the “AGM”) dated May 14 2024 (2) the announcement in relation to the arrangement related to the postponement of the AGM dated June 16 2024 and (3) the supplemental notice (the “Supplemental Notice”) and the supplemental circular (the “SupplementalCircular”) of the AGM dated June 16 2024 of Huishang Bank Corporation Limited (the “Bank”).Unless otherwise defined herein capitalized terms used in this announcement shall have the same meanings as those defined in the Notice the Circular the Supplemental Notice and the Supplemental Circular.In order to protect the rights and interests of the Shareholders and facilitate the Shareholders to exercise their voting rights at the shareholders’ general meeting the relevant matters are hereby reminded again as follows: The Shareholders are reminded that the Ordinary Resolution No. 3 (to consider and approve the profit distribution plan for 2023 of the Bank) set out in the Notice and the Circular and the Supplemental Ordinary Resolution No. 11 (to consider and approve the Proposal on Profit Distribution of Huishang Bank for 2023 (additional proposal submitted by the Proposing Shareholder)) set out in the Supplemental Notice and the Supplemental Circular are two separate resolutions and the Shareholders shall vote separately in respect of the two resolutions. These two resolutions are contradictory and the Shareholders (except for HKSCC Nominees Limited) should not vote in favor of both resolutions at the same time. 1The Board is of the opinion that the profit distribution plan for 2023 referred to in Ordinary Resolution No. 3 sufficiently considers the interests of all Shareholders and actual needs of the Bank’s operation and is in the best interests of the Bank and its Shareholders as a whole.Shareholders are reminded to vote reasonably after careful consideration: * If the Shareholders approve the Original Annual Profit Distribution Plan but disapprove the Additional Proposal on Annual Profit Distribution at the AGM the Bank will distribute a cash dividend of RMB1.46 (tax inclusive) for every 10 Shares to the Domestic Shareholders and the H Shareholders whose names appear on the register of members of the Bank on Wednesday July 10 2024.* If the Shareholders approve the Additional Proposal on Annual Profit Distribution but disapprove the Original Annual Profit Distribution Plan at the AGM the Bank will distribute a cash dividend of RMB2.92 (tax inclusive) for every 10 Shares to the Domestic Shareholders and the H Shareholders whose names appear on the register of members of the Bank on Wednesday July 10 2024.* As the Original Annual Profit Distribution Plan and the Additional Proposal on Annual Profit Distribution are contradictory if they are both approved and passed at the AGM the Bank will be unable to distribute dividends according to either of them and will then perform the procedures related to corporate governance in respect of the profit distribution for 2023 in accordance with the laws and regulations and the Articles of Association and propose to an extraordinary general meeting for consideration in due course. In order to improve the decision-making efficiency of the shareholders’ general meeting it is recommended that the Shareholders should vote in a prudent manner and should not vote in favor of both the contents of which are contradictory at the same time.* If the Original Annual Profit Distribution Plan and the Additional Proposal on Annual Profit Distribution are both disapproved at the AGM the Bank will not distribute the 2023 final dividend according to either the Original Annual Profit Distribution Plan or the Additional Proposal on Annual Profit Distribution.By order of the Board Huishang Bank Corporation Limited* Yan Chen Chairman Hefei Anhui Province the PRC June 26 2024 As at the date of this announcement the Board of the Bank comprises Yan Chen and Kong Qinglong as executive directors; Ma Lingxiao Wang Zhaohui Wu Tian Zuo Dunli Gao Yang Wang Wenjin and Zhao Zongren as non-executive directors; Dai Peikun Zhou Yana Liu Zhiqiang Yin Jianfeng Huang Aiming and Xu Jiabin as independent non-executive directors.* Huishang Bank Corporation Limited 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/deposit-taking business in Hong Kong. 2