The present disclosure provides a touch control electrode structure and a touch control panel. An insulating layer is disposed between the electrode layer and the electrical connection layer, and a plurality of through-holes are included in the insulating layer to correspond to the first portion and the second portion, so that the electrical connection layer, the first portion, and the second portion are electrically connected to each other by the through-holes, therefore connection resistance is decreased, touch sensitivity is increased, RC delay is decreased, and signal-to-noise ratio is increased.