Zhongyuan Bank : VOLUNTARY ANNOUNCEMENT - CHANGE IN SHAREHOLDING STRUCTURE OF SUBSTAINTIAL SHAREHOLER

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(Stock Code of H Shares: 1216)

(Stock Code of Preference Shares: 4617)

VOLUNTARY ANNOUNCEMENT

CHANGE IN SHAREHOLDING STRUCTURE OF

SUBSTAINTIAL SHAREHOLER

This announcement is made by Zhongyuan Bank Co., Ltd.* (the "Bank") on a voluntary basis.

The board of directors (the "Board") of the Bank hereby announces that it recently received the Letter of Notice on Waiver of Offer Acceptance by the Investor of the Investment Group (the "Letter of Notice") issued by Henan Investment Group Co., Ltd. ( 河 南 投 資 集 團 有 限 公 司) ("Henan Investment"). According to relevant approval document from the Henan Provincial Government ( 河 南 省 政

府), the Department of Finance of Henan Province ( 河 南 省 財 政 廳) is authorized to discharge the duties of investor for Henan Investment and the Henan Provincial Development and Reform Commission ( 河 南 省 發 展 和 改 革 委 員 會) will cease to discharge relevant duties. Henan Investment, a substantial shareholder of the Bank, holds 1,407,285,479 domestic shares in the Bank, representing approximately 7.01% of the total issued share capital of the Bank, as at the date of this announcement.

According to the Letter of Notice, Henan Investment and the Department of Finance of Henan Province, together with relevant departments, are advancing the relevant change of shareholding structure. After the Henan Provincial Development and Reform Commission gratuitously transfers 100% of shares held by it in Henan Investment to the Department of Finance of Henan Province according to relevant arrangement, Henan Investment will be wholly-owned by the Department of Finance of Henan Province.

On behalf of the Board

Zhongyuan Bank Co., Ltd.*

DOU Rongxing

Chairman

Zhengzhou, Henan Province, the PRC

November 22, 2019

As at the date of this announcement, the Board comprises Mr. DOU Rongxing, Mr. WANG Jiong, Mr. LI Yulin and Mr. WEI Jie as executive directors, Mr. LI Qiaocheng, Mr. LI Xipeng and Mr. MI Hongjun as non-executive directors, Ms. PANG Hong, Mr. LI Hongchang, Mr. JIA Tingyu and Mr. CHAN Ngai Sang Kenny as independent non-executive directors.

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