Postal Savings Bank of China : ANNOUNCEMENT ON POLL RESULTS OF THE 2019 SECOND EXTRAORDINARY GENERAL MEETING

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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)

(Stock Code of Preference Shares: 4612)

ANNOUNCEMENT ON POLL RESULTS OF THE

2019 SECOND EXTRAORDINARY GENERAL MEETING

The board of directors (the "Board") of the Postal Savings Bank of China Co., Ltd. (the "Bank") hereby announces that, the 2019 Second Extraordinary General Meeting (the "EGM") of the Bank was held at the head office of the Bank (No.3 Financial Street, Xicheng District, Beijing) on Tuesday, October 29, 2019.

The EGM was convened by the Board and Mr. Zhang Jinliang, Chairman of the Board, served as the chairman of the EGM and chaired the meeting. The EGM was convened in accordance with the requirements of the relevant laws and regulations of the PRC and the Articles of Association of the Bank, and the poll results are lawful and valid.

In compliance with the requirements of the Listing Rules, Computershare Hong Kong Investor Services Limited, the H Share registrar of the Bank, acted as the scrutineer for the EGM.

Reference is made to the circular of the Bank dated September 12, 2019 (the "Circular"), which contains the details of the resolutions tabled before the EGM for Shareholders' consideration and approval. Unless the context otherwise requires, the terms used herein shall have the same meanings as those used in the above Circular.

POLL RESULTS OF THE EGM

A total of 81,030,574,000 Shares (including 61,174,407,000 Domestic Shares and 19,856,167,000 H Shares), representing 100% of the total issued Shares of the Bank as at the date of the EGM, were entitled to attend and vote on the resolutions proposed at the EGM. No Shareholders were required to abstain from voting or voting in favour of any of the resolutions proposed at the EGM in accordance with the requirements of the Listing Rules. Shareholders and authorized proxies holding an aggregate of 73,644,387,594 Shares of the Bank, representing 90.884692% of the total issued Shares of the Bank, attended the EGM.

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At the EGM, the following resolutions were considered and duly passed by way of poll.

		For		Against	Abstain
	Resolutions	No. of Shares			No. of Shares		No. of Shares
		voted		Percentage (%)	voted	Percentage (%)	voted	Percentage (%)
As Ordinary Resolutions
1	To consider and approve the re-election of Mr. Zhang Xuewen	73,233,065,146		99.441475	410,452,448	0.557344	870,000	0.001181
	as Executive Director of the Bank
	The resolution was duly passed as an ordinary resolution.
2	To consider and approve the re-election of Ms. Yao Hong as	73,560,471,515		99.886052	83,046,079	0.112767	870,000	0.001181
	Executive Director of the Bank
	The resolution was duly passed as an ordinary resolution.
3	To consider and approve the re-election of Mr. Fu Tingmei as	73,615,998,594		99.961451	27,519,000	0.037368	870,000	0.001181
	Independent Non-executive Director of the Bank
	The resolution was duly passed as an ordinary resolution.
4	To consider and approve the election of Mr. Wen Tiejun as	73,643,517,594		99.998819	0	0.000000	870,000	0.001181
	Independent Non-executive Director of the Bank
	The resolution was duly passed as an ordinary resolution.
5	To consider and approve the election of Mr. Chung Shui Ming	71,853,571,483		97.568292	1,789,946,111	2.430527	870,000	0.001181
	Timpson as Independent Non-executive Director of the Bank
	The resolution was duly passed as an ordinary resolution.
6	To consider and approve the election of Ms. Pan Yingli as	73,643,517,594		99.998819	0	0.000000	870,000	0.001181
	Independent Non-executive Director of the Bank
	The resolution was duly passed as an ordinary resolution.
7	To consider and approve the re-election of Mr. Chen Yuejun	73,642,471,094		99.997398	1,016,000	0.001379	900,500	0.001223
	as Shareholder Representative Supervisor of the Bank
	The resolution was duly passed as an ordinary resolution.
8	To consider and approve the re-election of Mr. Li Yujie as	73,642,471,094		99.997398	1,016,000	0.001379	900,500	0.001223
	Shareholder Representative Supervisor of the Bank
	The resolution was duly passed as an ordinary resolution.
9	To consider and approve the re-election of Mr. Zhao	73,642,471,094		99.997398	1,016,000	0.001379	900,500	0.001223
	Yongxiang as Shareholder Representative Supervisor of the
	Bank
	The resolution was duly passed as an ordinary resolution.

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		For		Against	Abstain
	Resolutions	No. of Shares			No. of Shares		No. of Shares
		voted		Percentage (%)	voted	Percentage (%)	voted	Percentage (%)
10	To consider and approve the re-election of Mr. Wu Yu as	73,643,487,094		99.998777	0	0.000000	900,500	0.001223
	External Supervisor of the Bank
	The resolution was duly passed as an ordinary resolution.
11	To consider and approve the election of Mr. Bai Jianjun as	73,643,487,094		99.998777	0	0.000000	900,500	0.001223
	External Supervisor of the Bank
	The resolution was duly passed as an ordinary resolution.
12	To consider and approve the election of Mr. Chen Shimin as	73,643,487,094		99.998777	0	0.000000	900,500	0.001223
	External Supervisor of the Bank
	The resolution was duly passed as an ordinary resolution.
13	To consider and approve the Remuneration Settlement Plan	73,643,487,094		99.998777	0	0.000000	900,500	0.001223
	for Directors for 2018
	The resolution was duly passed as an ordinary resolution.
14	To consider and approve the Remuneration Settlement Plan	73,643,487,094		99.998777	0	0.000000	900,500	0.001223
	for Supervisors for 2018
	The resolution was duly passed as an ordinary resolution.
As Special Resolution
15	To consider and approve the Proposed Issuance of Write-down	73,643,487,094		99.998777	0	0.000000	900,500	0.001223
	Undated Capital Bonds
	The resolution was duly passed as a special resolution.

Pursuant to the relevant regulatory requirements, the Articles of Association and the Plan on Authorization of the Shareholders' General Meeting to the Board of Directors of Postal Savings Bank of China Co., Ltd., the Related Party Transaction Report of the Most Recent Three Years and the Most Recent Period under the "Framework Agreement on Agency Banking Businesses between Postal Savings Bank of China Co., Ltd. and Agency Branches of China Post Group Corporation" contained in item (16) of the EGM notice are matters to be reported to the EGM without the need for Shareholders to make a resolution.

RE-ELECTION, ELECTION AND RESIGNATION OF DIRECTORS

The terms of office of Mr. Zhang Xuewen, Ms. Yao Hong, Mr. Fu Tingmei, Mr. Wen Tiejun and Mr. Chung Shui Ming Timpson as Directors will be three years, and their terms of office shall commence from the date of consideration and approval at the EGM. The term of office of Ms. Pan Yingli as Director will be three years and shall commence from the date of acknowledgement for her qualification by the China Banking and Insurance Regulatory Commission (the "CBIRC"). Please refer to the Circular for the biographies of the re-elected and newly elected Directors. As of the date of this announcement, there is no change in such information, except that Ms. Yao Hong has ceased to serve as Director of China UnionPay Co., Ltd. since September 12, 2019.

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Upon the expiration of his term of office, Mr. Gan Peizhong ceased to serve as Independent Non- executive Director of the Bank, member of the Audit Committee of the Board, member of the Risk Management Committee of the Board, and the Chairman and member of the Nomination and Remuneration Committee of the Board, effective from the date of the EGM. Mr. Gan Peizhong has confirmed that he has no disagreement with the Board of the Bank, and there are no matters in regard to his resignation that need to be brought to the attention of the Shareholders and creditors of the Bank. The Bank would like to express its sincere gratitude to Mr. Gan Peizhong for his contributions to the Bank's development during his tenure.

RE-ELECTION, ELECTION AND RESIGNATION OF SUPERVISORS

The terms of office of Mr. Chen Yuejun, Mr. Li Yujie, Mr. Zhao Yongxiang, Mr. Wu Yu and Mr. Bai Jianjun as Supervisors will be three years and their terms of office shall commence from the date of consideration and approval at the EGM. The term of office of Mr. Chen Shimin as Supervisor will be three years from December 8, 2019, being the date of the 6th anniversary of Mr. Guo Tianyong's appointment in the Bank on an accumulated basis. As at the date of this announcement, the Board of Supervisors of the Bank convened a meeting to re-elect Mr. Chen Yuejun as the Chairman of the Board of Supervisors of the Bank, the term of office of which shall be the same as that of Supervisors. Please refer to the Circular for the biographies of the re-elected and newly elected Supervisors. As of the date of this announcement, there is no change in such information.

Upon the expiration of his term of office, Mr. Zeng Kanglin ceased to serve as External Supervisor of the Bank, and the Chairman and member of the Nomination Committee of the Board of Supervisors, effective from the date of EGM. Mr. Zeng Kanglin has confirmed that he has no disagreement with the Board of Supervisors of the Bank, and there are no matters in regard to his resignation that need to be brought to the attention of the Shareholders and creditors of the Bank. The Bank would like to express its sincere gratitude to Mr. Zeng Kanglin for his contributions to the Bank's development during his tenure.

By order of the Board of Directors

Postal Savings Bank of China Co., Ltd.

Du Chunye

Joint Company Secretary

Beijing, the PRC

October 29, 2019

As at the date of this announcement, the Board of Directors of the Bank comprises Mr. Zhang Jinliang as Chairman and Non- executive Director; Mr. Zhang Xuewen and Ms. Yao Hong as Executive Directors; Mr. Han Wenbo, Mr. Tang Jian, Mr. Liu Yaogong, Mr. Liu Yue and Mr. Ding Xiangming as Non-executive Directors; Mr. Ma Weihua, Ms. Bi Zhonghua, Mr. Fu Tingmei, Mr. Wen Tiejun, Mr. Chung Shui Ming Timpson and Mr. Hu Xiang 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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