China Cinda Asset Management : PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION, THE RULES OF PROCEDURES OF GENERAL MEETINGS, THE RULES OF PROCEDURES OF BOARD MEETINGS AND THE RULES OF PROCEDURES OF THE BOARD OF SUPERVISORS MEETINGS

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China Cinda Asset Management Co., Ltd.

中國信達資產管理股份有限公司

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

(Stock Code: 01359 and 04607 (Preference Shares))

PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION, THE RULES OF PROCEDURES OF GENERAL MEETINGS, THE RULES OF PROCEDURES

OF BOARD MEETINGS AND THE RULES OF PROCEDURES OF

THE BOARD OF SUPERVISORS MEETINGS

In order to strengthen the governance foundation of China Cinda Asset Management Co., Ltd. (the "Company") and improve the corporate governance mechanism of the Company, the Company proposed to amend the Articles of Association of China Cinda Asset Management Co., Ltd. (the "Articles of Association") pursuant to the Company Law of the People's Republic of China, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and other laws and regulations as well as the relevant regulatory provisions specified in the Guidelines on the Corporate Governance of Commercial Banks and based on the governance practices of the Company. Meanwhile, the Company proposed to amend the Rules of Procedures of the Shareholders' General Meeting of China Cinda Asset Management Co., Ltd. (the "Rules of Procedures of General Meetings"), the Rules of Procedures of the Meetings of the Board of Directors of China Cinda Asset Management Co., Ltd. (the "Rules of Procedures of Board Meetings") and the Rules of Procedures of the Board of Supervisors Meetings of China Cinda Asset Management Co., Ltd. (the "Rules of Procedures of the Board of Supervisors Meetings") based on the amendments to the Articles of Association and the governance practices accordingly.

The amendments to the Articles of Association, the Rules of Procedures of General Meetings, the Rules of Procedures of Board Meetings and the Rules of Procedures of the Board of Supervisors Meetings mainly aim to improve the contents on share repurchase, rights and obligations of shareholders, the prior notice of the shareholders' general meeting, the nomination and election procedures for directors and the functions and powers of the Board of Directors and the Board of Supervisors.

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At the board meeting convened on December 25, 2019, the proposals in relation to the amendments to the Articles of Association, the Rules of Procedures of General Meetings and the Rules of Procedures of Board Meetings were considered and approved, and at the meeting of the Board of Supervisors convened on December 25, 2019, the proposal in relation to the amendments to the Rules of Procedures of the Board of Supervisors Meetings was considered and approved. Such proposals will be submitted to the extraordinary general meeting of the Company for consideration and approval. Upon consideration and approval at the extraordinary general meeting, the amended Articles of Association shall be subject to approval by the China Banking and Insurance Regulatory Commission and come into effect from the date of approval by the China Banking and Insurance Regulatory Commission.

Details regarding the amendments to the Articles of Association, the Rules of Procedures of General Meetings, the Rules of Procedures of Board Meetings and the Rules of Procedures of the Board of Supervisors Meetings will be listed in the circular on related proposals sent to the shareholders.

By order of the Board

China Cinda Asset Management Co., Ltd.

ZHANG Zi'ai

Chairman

Beijing, the PRC

December 26, 2019

As at the date of this announcement, the Board of the Company consists of Mr. ZHANG Zi'ai as an executive Director, Mr. HE Jieping, Mr. XU Long, Ms. YUAN Hong, Mr. ZHANG Guoqing and Mr. LIU Chong as non-executive Directors, and Mr. ZHU Wuxiang, Mr. SUN Baowen, Mr. LU Zhengfei and Mr. LAM Chi Kuen as independent non-executive Directors.

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