POSTAL SAVINGS BANK of CHINA : INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2017 2017-08-29

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Postal Savings Bank of China Co., Ltd.

中 國 郵 政 儲 蓄 銀 行 股 份 有 限 公 司

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

(Stock code: 1658) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2017

The board of directors (the "Board") of Postal Savings Bank of China Co., Ltd. (the "Bank") is pleased to announce the unaudited results of the Bank and its subsidiary for the six months ended June 30, 2017. This announcement sets out the main text of the Interim Report of the Bank for 2017, and complies with the relevant content requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of interim results. The printed version of the Bank's Interim Report for 2017 will be sent to the shareholders of the Bank in due course and available for viewing on the websites of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and of the Bank at www.psbc.com.

By order of the Board

Postal Savings Bank of China Co., Ltd. Du Chunye

Joint Company Secretary

Beijing, China August 29, 2017

As at the date of this announcement, the Board comprises Mr. Li Guohua as Chairman and non-executive Director; Mr. Lyu Jiajin, Mr. Zhang Xuewen and Ms. Yao Hong as executive Directors; Mr. Han Wenbo, Mr. Tang Jian, Mr. Liu Yaogong and Mr. Chin Hung I David as non-executive Directors; Mr. Ma Weihua, Ms. Bi Zhonghua, Mr. Fu Tingmei and Mr. Gan Peizhong as independent non-executive Directors.

* Postal Savings Bank of China Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.

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Contents

Profile Definitions Important Notice

Basic Corporate Information Financial Highlights Message from the Chairman Message from the President Discussion and Analysis Directors, Supervisors and

Senior Management Significant Events

Review Report and Condensed Consolidated Financial Statements

Appendix I: Unreviewed Supplementary Financial Information

Appendix II: Liquidity Coverage Ratio Appendix III: Leverage Ratio Appendix IV: Composition of Capital

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2 Postal Savings Bank of China Co., Ltd.

Profile

Postal Savings Bank of China is a leading large retail bank in China, strategically focusing on providing financial services to communities, SMEs and Sannong customers, and is committed to meeting the financial needs of the most promising customers during China's economic transformation. Meanwhile, Postal Savings Bank of China actively serves large corporate customers, and participates in major projects, making important contributions to China's economic development.

With approximately 40,000 outlets serving over 500 million individual customers, Postal Savings Bank of China boasts superior asset quality and significant development potential. At present, we have established an all-around e-banking system consisting of online banking, mobile banking, self-service banking, telephone banking, television banking and Weibank, etc., forming a financial service landscape in which electronic banking functions connect with physical network and offline banking keeps pace with online virtual banking. In 2015, we introduced ten domestic and foreign strategic investors, which further improved our comprehensive strength. In 2016, Postal Savings Bank of China successfully completed the initial public offering on the Main Board of Hong Kong Stock Exchange and accessed the international capital market, representing a successful completion of the 3-step reform roadmap, namely "transformation of ownership, introduction of strategic investors and initial public offering". According to The Banker's list of "Top 1000 World Banks 2017", we ranked 21st in terms of total assets as of the end of 2016.

Against the background of transformation and upgrade of China's economy, in-depth advancement of financial reform and thriving development of information technology, Postal Savings Bank of China will seize new strategic opportunities, give full play to our advantages, keep enriching our business varieties, expand service channels and improve service capabilities so as to provide more comprehensive and convenient financial services to customers and become the most trusted and valuable first-tier large retail bank.