China Huarong Asset Management : SUPPLEMENTAL NOTICE OF THE FIRST EGM OF 2020

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China Huarong Asset Management Co., Ltd.

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

(Stock Code: 2799)

SUPPLEMENTAL NOTICE OF THE FIRST EGM OF 2020

References are made to the notice of the first extraordinary general meeting of Shareholders for 2020 (the "First Notice of the First EGM of 2020") and the circular of the first extraordinary general meeting of Shareholders for 2020 (the "First Circular") dated 13 January 2020 of China Huarong Asset Management Co., Ltd. (the "Company") and the announcement on the postponement of the first extraordinary general meeting of Shareholders for 2020 and extension of book closure period for H Share registrar dated 21 February 2020 of the Company, in which the time and venue of the first extraordinary general meeting of Shareholders for 2020 (the "First EGM of 2020") of the Company and resolutions to be submitted at the meeting for Shareholders' consideration were set out.

SUPPLEMENTAL NOTICE IS HEREBY GIVEN that the First EGM of 2020 will be held as originally scheduled at Conference Room 1221, No. 8 Financial Street, Xicheng District, Beijing, the PRC at 9:00 a.m. on Wednesday, 25 March 2020, for considering and, if thought fit, passing the following resolution in addition to the resolutions set out in the First Notice of the First EGM of 2020:

ORDINARY RESOLUTION

5. To consider and approve the election of Mr. Zheng Jiangping as a non-executive Director.

Please refer to the supplemental circular of the First EGM of 2020 dated 10 March 2020 (the "Supplemental Circular") for details of the above-mentioned resolution. Please read it in conjunction with the First Circular.

By Order of the Board

China Huarong Asset Management Co., Ltd.

WANG Zhanfeng

Chairman

Beijing, the PRC

10 March 2020

As	at	the date of	this	notice, the Board comprises Mr. WANG Zhanfeng and Ms. LI Xin as executive	directors
of	the	Company;	Mr.	ZHOU Langlang as a non-executive director of the Company; Mr. TSE	Hau Yin,
Mr. LIU Junmin, Mr. SHAO Jingchun and Mr. ZHU Ning as independent non-executive directors of the Company.

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Notes:

1. The register of members of the Company shall be closed from Tuesday, 28 January 2020 to Wednesday, 25 March 2020 (both days inclusive). H Shareholders and Domestic Shareholders whose names appear on the register of members of the Company at the close of business on Friday, 24 January 2020 will be entitled to attend and vote at the First EGM of 2020. H Shareholders who wish to attend and vote at the First EGM of 2020 shall deposit the share certificates together with the transfer documents with the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on Friday, 24 January 2020.
2. The supplemental proxy form (the "Supplemental Proxy Form") concerning the resolution set forth in this supplemental notice is enclosed in the Supplemental Circular. The proxy form enclosed in the First Circular (the "First Proxy Form") that has been returned to the H Share registrar of the Company will remain valid and applicable to the permissible extent applicable if correctly completed. The Supplemental Proxy Form will not affect the validity of any proxy form duly completed and delivered by you in respect of the resolutions set out in the First Notice of the First EGM of 2020. If you have validly appointed a proxy to attend and act for you at the First EGM of 2020 but do not duly complete and deliver the Supplemental Proxy Form, your proxy will be entitled to vote at the discretion on the ordinary resolution (5) set out in this notice. If you do not duly complete and deliver the First Proxy Form but have duly completed and delivered the Supplemental Proxy Form and validly appointed a proxy to attend and act for you at the First EGM of 2020, your proxy will be entitled to vote at the discretion on the resolutions set out in the First Notice of the First EGM of 2020.
3. A Shareholder entitled to attend and vote at the First EGM of 2020 may appoint one or more proxies to attend and vote on his/her behalf. A proxy needs not to be a Shareholder, but he/she must attend the First EGM of 2020 in person to represent the relevant Shareholder.
4. The instrument appointing a proxy must be in writing under the hand of a Shareholder or his/her attorney duly authorized in writing. If the Shareholder is a corporation, that instrument must be executed either under its common seal or under the hand of its legal representative, Director(s) or duly authorized attorney. If that instrument is signed by an attorney of the Shareholder, the power of attorney authorizing that attorney to sign or other authorization document must be notarized.
5. In order to be valid, the proxy form, the notarized power of attorney or other authorization document (if any) must be delivered to the Board office of the Company at No. 8 Financial Street, Xicheng District, Beijing, the PRC for Domestic Shareholders and to the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for H Shareholders no later than 24 hours before the time appointed for the holding of the First EGM of 2020 (i.e. before 9:00 a.m. on Tuesday, 24 March 2020) or any adjournment thereof (as the case may be). Completion and return of a proxy form will not preclude a Shareholder from attending and voting in person at the First EGM of 2020 or any adjournment thereof if he/she so wishes.
6. Pursuant to the Articles of Association, any vote of Shareholders at a general meeting must be taken by poll. As such, the resolution set out in the Supplemental Notice of the First EGM of 2020 will be voted on by poll.
7. The First EGM of 2020 is expected to last for half a day. Shareholders (in person or by proxy) attending the First EGM of 2020 are responsible for their own transportation and accommodation expenses. Shareholders or their proxies attending the First EGM of 2020 shall produce their identity documents.
8. In the case of joint Shareholders, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint Shareholder(s), and for this purpose, seniority will be determined by the order in which the names stand on the register of members in respect of the relevant joint Shareholders.

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