China CITIC Bank : ANNOUNCEMENT ON QUALIFICATION APPROVAL OF DIRECTOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

(Stock Code: 998)

ANNOUNCEMENT ON

QUALIFICATION APPROVAL OF DIRECTOR

Reference is made to the circular dated 2 May 2019 of China CITIC Bank Corporation Limited (the "Bank") in relation to the appointment of Mr. Guo Danghuai as an executive director of the Bank.

Recently, the Bank received Qualification Approval from CBIRC of Guo Danghuai of China CITIC Bank (CBIRC approval〔2019〕No. 850). China Banking and Insurance Regulatory Commission (the "CBIRC") had approved the qualification of Mr. Guo Danghuai to act as an executive director of the Bank.

The board of directors of the Bank (the "Board") hereby announces:

Mr. Guo Danghuai takes office as an executive director of the Bank, term of which commenced from 16 September 2019 (i.e. the date of approval of his qualification by CBIRC) and will end on the expiry date of the term of office of the fifth session of the Board. Mr. Guo Danghuai can be reappointed after the expiry of his initial term of office. Pursuant to the remuneration policy of the fifth session of the Board passed at the 2017 annual general meeting of the Bank, Mr. Guo Danghuai will receive no allowance for a director from the Bank, but will receive remuneration according to his position and relevant regulations during his term as an executive director.

For particulars of Mr. Guo Danghuai and other information required to be disclosed under relevant laws and regulations, please refer to the circulars which have been published on the websites of HKEXnews of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Bank (www.citicbank.com).

- 1 -

The Board would like to welcome Mr. Guo Danghuai for joining the Board.

By Order of the Board

China CITIC Bank Corporation Limited

Li Qingping

Chairperson

Beijing, the PRC

19 September 2019

As at the date of this announcement, the executive directors of the Bank are Ms. Li Qingping (Chairperson), Mr. Fang Heying (President) and Mr. Guo Danghuai; the non-executive directors are Mr. Cao Guoqiang, Ms. Huang Fang and Mr. Wan Liming; and the independent non-executive directors are Mr. He Cao, Ms. Chen Lihua, Mr. Qian Jun and Mr. Yan Lap Kei Isaac.

- 2 -