China Minsheng Banking : ANNOUNCEMENT ON SUCCESSFUL ISSUANCE OF FINANCIAL BONDS OF RMB20 BILLION

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CHINA MINSHENG BANKING CORP., LTD.

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

(Stock Code: 01988)

ANNOUNCEMENT ON SUCCESSFUL ISSUANCE OF

FINANCIAL BONDS OF RMB20 BILLION

Upon the approval by China Banking and Insurance Regulatory Commission and the People's Bank of China, recently, China Minsheng Banking Corp., Ltd. (the "Bank") successfully issued the "2022 First Tranche Financial Bonds of China Minsheng Banking Corp., Ltd." (the "Bonds") in the national inter-bank bond market and completed the registration and custody of the Bonds with China Central Depository & Clearing Co., Ltd.

The Bonds were book built and recorded on 7 April 2022 and the issuance was completed on 11 April 2022. The Bonds with an aggregate amount of RMB20 billion are subject to a fixed interest rate for a term of 3 years and have a coupon rate of 2.95%.

The proceeds from the issuance of the Bonds will be used to satisfy the Bank's needs for assets and liabilities allocation, enrich the sources of funding, optimize the maturity structure of liabilities and promote the healthy development of business in accordance with applicable laws and the approval of regulatory authorities.

By Order of the Board

CHINA MINSHENG BANKING CORP., LTD.

Gao Yingxin

Chairman

Beijing, PRC

12 April 2022

As at the date of this announcement, the Executive Directors of the Bank are Mr. Gao Yingxin, Mr. Zheng Wanchun and Mr. Yuan Guijun; the Non-Executive Directors are Mr. Zhang Hongwei, Mr. Lu Zhiqiang, Mr. Liu Yonghao, Mr. Shi Yuzhu, Mr. Wu Di, Mr. Song Chunfeng, Mr. Yang Xiaoling and Mr. Zhao Peng; and the Independent Non-Executive Directors are Mr. Liu Jipeng, Mr. Li Hancheng, Mr. Xie Zhichun, Mr. Peng Xuefeng, Mr. Liu Ningyu and Mr. Qu Xinjiu.