ANNOUNCEMENT REGARDING THE ELECTION OF INDEPENDENT MEMBERS TO THE BOARD OF DIRECTORS OF BOGD BANK JSC

The notification concerning the appointment of independent members to the Board of Directors of Bogd Bank is issued in compliance with Article 62, Clause 62.1.7 of the Company Law of Mongolia, along with the "Procedures for Nominating, Appointing, and Dismissing Independent Members of the Board of Directors of the Bank," which was approved in the appendix of Order No. A/86, released by the President of the Bank of Mongolia in 2021.

Requirements for candidates for independent members:

• Education in fields such as of banking, finance, economics, and may specialize in law, technology, or corporate governance. Minimum of 10 years of professional experience, including at least five years as an authorized official in a banking and financial institution;
• Not be a related party of the bank and not have any business relationship;
• There are no outstanding debts related to loans, guarantees, or surety agreements;
• An overview and indication of the status of any criminal liability or punishment, whether it has been imposed or is currently under consideration;
• Not hold a significant ownership stake in a bank or be involved in a banking merger.
• There are no conditions that would hinder the oversight of the bank's operations and executive management.
• To not hold any official positions in the government, politics, or public service;
• The individual has not received, nor does he or she receive, any incentives based on the performance indicators of the respective bank's operations.
• In the event that the individual held the position of an authorized official when the license of a bank or non-bank financial institution was revoked due to a violation, a period of three years must have elapsed since the revocation of the license;
• It is necessary to demonstrate that the bankruptcy or insolvency of the legal entity for which the authorized official was acting was not attributable to that individual in any manner.
• Do not possess more than five percent of the company's common stock, whether individually or in conjunction with an affiliated individual.
• The individual or an associated person does not currently occupy, nor have they held within the past three years, any employment or position within the company or any other entities within the corporate group to which the company belongs.
• In the past five years, the bank or its affiliates have not acted as an authorized official, except for serving as an independent member of the board of directors, nor have they held any other employee position in the last three years.

Application documents:

• Overview of an independent member of the Bank's Board of Directors, and b) Submission for a candidate seeking the position of an independent member of the Bank's Board of Directors, as sanctioned by Annex No. 1 and Annex No. 2 of the Order No. A/86 issued by the President of the Bank of Mongolia in 2021.;
• Brief biography (Including work expereince and profession)
• Job description
• A reference regarding employment status from a previous workplace (Obtain a certificate from the organization where you were employed to verify the requirements specified in item 1).
• Natorized copies of educational diplomas, certificates, and other credentials from training sessions and seminars;
• A copy of the national identification card.
• Investigation into whether an individual has outstanding debts to a legal entity as determined by a court ruling or an arbitration tribunal's decision.
• Inquiry into the credit database
• Certification of corporate governance
• Inquiry regarding whether criminal liability has been incurred or is currently being incurred.
• Additional necessary documentation to verify compliance with the requirements outlined in Article 33.3 of the Banking Law and Article 79.1 of the Company Law.

Deadline for receving selection required materials anf email addrees:

Email at: narmandakh.b@bogdbank.com until 12:00 PM on February 17, 2025.

Things to attention:

• Scan the materials attach them in PDF format to the email.
• Materials will not be refunded after the selection process.
• In cases of delayed submission or incomplete documentation, participation in the selection process will not be permitted.
• In the event that a requirement arises, it is possible to obtain additional clarification and gather materials in accordance with legal regulations.