China Huarong Asset Management : POSTPONEMENT OF THE FIRST EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS FOR 2020 AND EXTENSION OF BOOK CLOSURE PERIOD FOR H SHARE REGISTRAR

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China Huarong Asset Management Co., Ltd.

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

(Stock Code: 2799)

POSTPONEMENT OF THE FIRST EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS FOR 2020 AND EXTENSION OF BOOK CLOSURE PERIOD FOR H SHARE REGISTRAR

References are made to the circular and the notice of the first extraordinary general meeting of Shareholders for 2020 (the "First EGM of 2020") dated 13 January 2020 of China Huarong Asset Management Co., Ltd. (the "Company"), which set out information such as the time and venue of the First EGM of 2020 and resolutions to be proposed at the First EGM of 2020 for approval of Shareholders.

POSTPONEMENT OF THE FIRST EGM OF 2020

Considering the recent development conditions of the novel coronavirus pneumonia epidemic, in order to implement epidemic prevention and control measures, the First EGM of 2020 of the Company that is originally scheduled to be convened at 9:30 a.m. on Thursday, 27 February 2020 will be postponed and will be held at 9:00 a.m. on Wednesday, 25 March 2020. The venue of the First EGM of 2020 will remain unchanged at Conference Room 1221, No. 8 Financial Street, Xicheng District, Beijing, the PRC.

EXTENSION OF BOOK CLOSURE PERIOD FOR H SHARE REGISTRAR

In order to determine the list of the H shareholders entitled to attend at the First EGM of 2020, the register of H share members for the First EGM of 2020 was originally scheduled to be closed from Tuesday, 28 January 2020 to Thursday, 27 February 2020 (both days inclusive). Due to the postponement of the First EGM of 2020, the last date for closure of the register of H share members of the Company will be extended from Thursday, 27 February 2020 to Wednesday, 25 March 2020 (the last day inclusive).

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PROXY FORM

Saved for the aforesaid changes, the proxy form for the First EGM of 2020 (the "Proxy Form") of the Company published on 13 January 2020 remains unchanged and valid for the postponed First EGM of 2020. To be valid, Shareholders who have not returned the Proxy Form but intend to appoint a proxy to attend the First EGM of 2020, shall complete the Proxy Form in accordance with the instructions printed thereon and return this Proxy Form together with the notarised power of attorney or other authorization document (if any) to (i) the H share registrar of the Company, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H shares) or (ii) the Board office of the Company, at No. 8 Financial Street, Xicheng District, Beijing, the PRC (for holders of domestic shares) not less than 24 hours before the time scheduled for the holding of the postponed First EGM of 2020 or any adjournment thereof (as the case may be) (i.e. before 9:00 a.m. on Tuesday, 24 March 2020). For the avoidance of doubt, any Proxy Form duly completed and returned in accordance with the instructions printed thereon by the Shareholders remains valid and such Shareholders are not required to submit the Proxy Form again.

Furthermore, in order to continuously facilitate the prevention and control of the epidemic and to safeguard the health and safety of the Shareholders of the Company and investors, the Company suggests that the Shareholders appoint the chairman of the First EGM of 2020 as a proxy to vote on relevant resolutions, instead of attending the First EGM of 2020 in person.

REPLY SLIP

Saved for the aforesaid changes, the reply slip for the First EGM of 2020 (the "Reply Slip") of the Company published on 13 January 2020 remains unchanged and valid for the postponed First EGM of 2020. The deadline for returning the Reply Slip will be extended from Friday, 7 February 2020 to Thursday, 5 March 2020. To be valid, Shareholders who have not returned the Reply Slip but intend to attend the First EGM of 2020 shall complete and return the Reply Slip in accordance with the instructions printed thereon on or before Thursday, 5 March 2020 in person or by post to (i) the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong (for holders of H shares) or

1. the Board office of the Company, at No. 8 Financial Street, Xicheng District, Beijing, the PRC (for holders of domestic shares). For the avoidance of doubt, any Reply Slip duly completed and returned in accordance with the instructions printed thereon by the Shareholders remains valid and such Shareholders are not required to submit the Reply Slip again.

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Save as disclosed above, all other information in the circle and the notice of the First EGM of 2020 of the Company remains unchanged.

By order of the Board

China Huarong Asset Management Co., Ltd.

WANG Zhanfeng

Chairman

Beijing, the PRC

21 February 2020

As at the date of this announcement, the Board comprises Mr. WANG Zhanfeng and Ms. LI Xin as executive directors of the Company; Ms. WANG Cong, Ms. DAI Lijia and Mr. ZHOU Langlang as non-executive directors of the Company; Mr. TSE Hau Yin, Mr. LIU Junmin, Mr. SHAO Jingchun and Mr. ZHU Ning as independent non-executive directors of the Company.

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