China Cinda Asset Management : ANNOUNCEMENT ON DISTRIBUTION OF DIVIDENDS FOR OFFSHORE PREFERENCE SHARES

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China Cinda Asset Management Co., Ltd.

中國信達資產管理股份有限公司

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01359 and 04607 (Preference Shares))

ANNOUNCEMENT ON DISTRIBUTION OF

DIVIDENDS FOR OFFSHORE PREFERENCE SHARES

1. The Meeting of the Board of Directors Approving the Dividend Distribution Plan of Offshore Preference Shares

The proposal on non-public issuance of offshore preference shares (the "Offshore Preference Shares") by China Cinda Asset Management Co., Ltd. (the "Company") was considered and approved at the 2015 annual general meeting, the 2016 first class meeting for domestic shareholders and the 2016 first class meeting for H shareholders held on 30 June 2016, respectively, which authorised the board of directors (the "Board") of the Company to decide and handle relevant matters relating to the payment of dividends to holders of the Offshore Preference Shares in accordance with the issuance plan. The dividend distribution plan of Offshore Preference Shares was considered and approved at the Board meeting of the Company held on 27 August 2020.

2. The Dividend Distribution Plan of Offshore Preference Shares

1. Dividend period: From and including 30 September 2019 to and including 29 September 2020;
2. Record date: 28 September 2020;
3. Dividend payment date: Wednesday, 30 September 2020;
4. Recipients: Holders of the Offshore Preference Shares whose names appear on the register of members of the Company, as maintained by The Bank of New York Mellon, London Branch, after the close of trading hours ended 28 September 2020;

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1. Tax payment: According to relevant laws and regulations, when the Company distributes dividends for the Offshore Preference Shares, the income tax shall be withheld by the Company at a rate of 10%. According to the relevant requirements in the terms and conditions of the Offshore Preference Shares, the Company will pay such income tax, in addition to the dividends for the Offshore Preference Shares;
2. Dividend rate and amount to be paid: The terms and conditions of the Offshore Preference Shares provide that the initial dividend rate before the first redemption date is 4.45% (post-tax dividend rate, which is the dividend rate actually received by the holders of the Offshore Preference Shares). According to the principal amount of the Offshore Preference Shares, the dividend rate and the withholding rate of income tax, the amount of dividends for the Offshore Preference Shares is confirmed as follows:
   The Company will distribute dividends for the Offshore Preference Shares of US$158,222,222.22, amounting to approximate RMB1,107 million, of which US$142,400,000 will be paid to the holders of the Offshore Preference Shares, and the relevant tax of US$15,822,222.22 crediting to the dividend will be borne by the Company in accordance with the tax regulations and the terms and conditions of the issuance.

3. Measures for the Implementation of the Dividend Distribution Plan of Offshore Preference Shares

The Company will pay dividends for the Offshore Preference Shares to holders of the Offshore Preference Shares of the Company whose names appear on the register of members of the Company on the record date. As at the date of this announcement, The Bank of New York Depository (Nominees) Limited, as the proxy, is the only holder of the Offshore Preference Shares whose name appears on the register of members of the Company. The Company's dividend payment obligations under the terms of the Offshore Preference Shares are discharged once it has made the payment to or made the payment as directed by the proxy. The ultimate investors should consult their respective custodians or intermediaries in relation to any queries on the subsequent transmission of the dividends through the clearing systems to the ultimate investors.

By order of the Board

China Cinda Asset Management Co., Ltd.

ZHANG Zi'ai

Chairman

Beijing, the PRC

27 August 2020

As at the date of this announcement, the Board of the Company consists of Mr. ZHANG Zi'ai and Mr. ZHANG Weidong as executive directors, Mr. HE Jieping, Mr. XU Long, Ms. ZHANG Yuxiang, Mr. ZHANG Guoqing and Mr. LIU Chong as non-executive directors, and Mr. ZHU Wuxiang, Mr. SUN Baowen, Mr. LU Zhengfei and Mr. LAM Chi Kuen as independent non-executive directors.

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