China Minsheng Financial Holdg : ANNOUNCEMENT IN RELATION TO (1) APPOINTMENT OF EXECUTIVE DIRECTOR AND FIRST DEPUTY CHIEF EXECUTIVE OFFICER (2) RESIGNATION OF EXECUTIVE DIRECTOR AND VICE CHAIRMAN AND (3) CHANGE OF COMPOSITION OF STRATEGY COMMITTEE

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China Minsheng Financial Holding Corporation Limited

中 國 民 生 金 融 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 245)

ANNOUNCEMENT IN RELATION TO

1. APPOINTMENT OF EXECUTIVE DIRECTOR AND

   FIRST DEPUTY CHIEF EXECUTIVE OFFICER

2. RESIGNATION OF EXECUTIVE DIRECTOR AND VICE CHAIRMAN AND

3. CHANGE OF COMPOSITION OF STRATEGY COMMITTEE

This announcement is made pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the ''Listing Rules'').

The board of directors (the ''Board'') of China Minsheng Financial Holding Corporation Limited (the ''Company'') announces that with effect from 24 July 2017, (i) Mr. Wang Dongzhi (''Mr. Wang'') has been appointed as an executive director and First Deputy Chief Executive Officer of the Company; and (ii) Mr. Liu Tianlin (''Mr. Liu'') has resigned as an executive director, vice chairman and a member of the strategy committee (''Strategy Committee'') of the Company.

APPOINTMENT OF EXECUTIVE DIRECTOR AND FIRST DEPUTY CHIEF EXECUTIVE OFFICER

The Board is pleased to announce that with effect from 24 July 2017, Mr. Wang has been appointed as an executive director and the First Deputy Chief Executive Officer of the Company.

Mr. Wang, aged 50, graduated from Fudan University with a bachelor degree in International Finance. Mr. Wang has been appointed as president of China Minsheng Future Holding Group Co., Ltd. since October 2016. He previously worked in various positions at China Minsheng Bank during the period from February 2002 to October 2016, including general manager of the Department of Health Business, deputy general manager of the Department of Notes Business, vice president, member of the Party Committee, secretary of the Disciplinary Committee and deputy head of the Branch Preparation Team of Sanya Branch; head of Management Department of the Company Bank Management Bureau of the Beijing Management Division; president of Beijing Nanerhuan Branch; vice president and assistant president of Beijing Chaoyangmen Branch; department manager of the Affair Department of the Company Affair Division 2 of the Beijing Management Division. Mr.

Wang had also previously served as manager of the International Business Department of Luoyang Branch and president of Kaihai Branch of Bank of Communication, and deputy manager of Luoyang Branch of Bank of China.

Mr. Wang is expected to enter into a service contract with the Company for a term of three years with effect from 24 July 2017, provided that either party may terminate such service contract at any time by giving at least three months' notice in writing. The service contract is expected to provide Mr. Wang with an annual remuneration of HK$600,000. In accordance with the Company's articles of association, Mr. Wang's appointment as the executive director is subject to retirement by rotation and re-election at the Company's general meeting. The remuneration package of Mr. Wang is determined by reference to his duties, responsibilities as well as the Company's remuneration policy and the market benchmark and will be reviewed by the Board and the Remuneration Committee on an annual basis.

Save as disclosed above, Mr. Wang will not enter into a separate service contract with the Company for his role as the First Deputy Chief Executive Officer and will not be entitled to any additional remuneration other than his remuneration as an executive director of the Company.

As at the date of this announcement, Mr. Wang has no interest in any shares within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, (i) Mr. Wang does not have any relationships with any directors, senior management, substantial shareholders or controlling shareholders (within the meaning of the Listing Rules) of the Company; (ii) Mr. Wang has not held any directorship in any listed public companies in the last three years or any other position with the Company and other members of the Group or other major appointments and professional qualifications; and (iii) there is no further information to be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there is no other matter which needs to be brought to the attention of the shareholders in relation to Mr. Wang's appointment.

The Board would like to take this opportunity to welcome Mr. Wang to the Board in his new role as an executive director and the First Deputy Chief Executive Officer of the Company.

RESIGNATION OF EXECUTIVE DIRECTOR AND VICE CHAIRMAN

The Board announces that with effect from 24 July 2017, Mr. Liu has resigned as an executive director, vice chairman and a member of the Strategy Committee of the Company, due to other business commitments.

Mr. Liu has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation as an executive director and vice chairman which need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Mr. Liu for his valuable contributions to the Company during his tenure of service.

CHANGE OF COMPOSITION OF STRATEGY COMMITTEE

As a result of Mr. Liu's resignation, Mr. Wang is appointed as member of the Strategy Committee with effect from 24 July 2017.

By order of the Board

China Minsheng Financial Holding Corporation Limited Li Huaizhen

Chairman

Hong Kong, 24 July 2017

As at the date of this announcement, the Board comprises (1) Mr. Chen Guogang, Mr. Wang Dongzhi, Mr. Ni Xinguang and Ms. Feng Xiaoying as executive directors; (2) Mr. Li Huaizhen as non-executive director; and (3) Mr. Chen Johnny, Mr. Lyu Wei, Mr. Ling Yu Zhang and Dr. Guan Tao as independent non-executive directors of the Company.