Postal Savings Bank of China : REVIEW AND APPROVAL OF THE A SHARE OFFERING APPLICATION BY THE ISSUANCE EXAMINATION COMMITTEE OF THE CSRC

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.

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)

REVIEW AND APPROVAL OF THE A SHARE OFFERING

APPLICATION BY THE ISSUANCE EXAMINATION

COMMITTEE OF THE CSRC

This announcement is made by Postal Savings Bank of China Co., Ltd. (the "Bank") pursuant to the requirements of Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcements of the Bank dated 29 August 2017, 12 September 2017, 12 October 2017, 27 October 2017, 14 May 2018, 28 June 2018, 12 April 2019, 30 May 2019, 12 June 2019 and 26 June 2019 (collectively, the "Announcements"), and the circulars of the Bank dated 12 September 2017, 14 May 2018 and 12 April 2019 (collectively, the "Circulars"), in relation to the A Shares offering of the Bank and relevant matters. Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Announcements and Circulars.

The Bank is pleased to announce that on 24 October 2019, the Issuance Examination Committee of the China Securities Regulatory Commission (the "CSRC") reviewed the application of the Bank in respect of the A Share offering. According to the review results, the application of the Bank in respect of the A Share offering has been approved.

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Currently, the Bank has not received the written approval document from the CSRC. The Bank will make further announcements upon receipt of the official approval document from the CSRC.

Shareholders and potential investors should be aware that the listing of A Share offering is subject to approvals from the CSRC and other relevant regulatory authorities and may or may not proceed. Shareholders and potential investors should exercise caution when dealing in the securities of the Bank. Further announcement(s) will be made to disclose any major updates and developments in respect of the listing of A Share offering in accordance with the Listing Rules and other applicable laws and regulations. This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Bank.

By order of the Board of Directors

Postal Savings Bank of China Co., Ltd.

Du Chunye

Joint Company Secretary

Beijing, the PRC

24 October 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. Gan Peizhong 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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