Postal Savings Bank of China : ANNOUNCEMENT ON POLL RESULTS OF THE 2020 FIRST EXTRAORDINARY GENERAL MEETING

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POSTAL SAVINGS BANK OF CHINA CO., LTD.

(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

2020 FIRST EXTRAORDINARY GENERAL MEETING

The board of directors (the "Board") of the Postal Savings Bank of China Co., Ltd. (the "Bank") hereby announces that, the 2020 First Extraordinary General Meeting (the "EGM") of the Bank was held at the head office of the Bank (No.3 Financial Street, Xicheng District, Beijing) at 2:30 p.m. on Friday, March 6, 2020.

The EGM was convened by the Board and Mr. Zhang Jinliang, Chairman of the Board, served as the chairman of the EGM and presided over 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 January 21, 2020 (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 86,978,562,200 Shares (including 67,122,395,200 A 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 favor 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 75,599,744,901 Shares of the Bank, representing 86.917676% of the total issued Shares of the Bank, attended the EGM.

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

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		For		Against		Abstain
	Resolutions	No. of Shares		Percentage	No. of Shares		Percentage	No. of Shares		Percentage
		voted		(%)	voted		(%)	voted		(%)
As Special Resolution
1	To deliberate on and approve the	74,232,665,590		98.191688	1,367,074,311		1.808305	5,000		0.000007
	amendments to the Articles of
	Association of Postal Savings Bank of
	China Co., Ltd.
	The resolution was duly passed as a special resolution.
As Ordinary Resolutions
2	To deliberate on and approve the	75,464,789,670		99.821487	134,950,131		0.178506	5,100		0.000007
	election of Mr. Guo Xinshuang as
	Executive Director of Postal Savings
	Bank of China Co., Ltd.
	The resolution was duly passed as an ordinary resolution.
3	To deliberate on and approve the	74,303,591,943		98.285506	1,296,147,958		1.714487	5,000		0.000007
	amendments to the Rules of Procedures
	of Shareholders' General Meeting of
	Postal Savings Bank of China Co., Ltd.
	The resolution was duly passed as an ordinary resolution.
4	To deliberate on and approve the	75,565,527,017		99.954738	34,151,784		0.045175	66,100		0.000087
	amendments to the Rules of Procedures
	of Board Meetings of Postal Savings
	Bank of China Co., Ltd.
	The resolution was duly passed as an ordinary resolution.

APPOINTMENT OF DIRECTOR

The term of office of Mr. Guo Xinshuang as Director will be three years and shall commence from the date of approval for his qualification by the China Banking and Insurance Regulatory Commission. Please refer to the Circular for the biography of Mr. Guo Xinshuang. As of the date of this announcement, there is no change in such information.

By order of the Board of Directors

Postal Savings Bank of China Co., Ltd.

Du Chunye

Joint Company Secretary

Beijing, the PRC

March 6, 2020

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As at the date of this announcement, the Board 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. Liu Yaogong, Mr. Liu Yue and Mr. Ding Xiangming as Non-executive Directors; Mr. Fu Tingmei, Mr. Wen Tiejun, Mr. Chung Shui Ming Timpson, Mr. Hu Xiang and Ms. Pan Yingli 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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