Bank of Tianjin : VOLUNTARY ANNOUNCEMENT PROPOSED MANDATE FOR ISSUANCE OF TIER 2 CAPITAL BONDS

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.

BANK OF TIANJIN CO., LTD.*

˂ݵვБٰ΅Ϟࠢʮ̡ *

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

(Stock Code: 1578)

VOLUNTARY ANNOUNCEMENT

PROPOSED MANDATE FOR ISSUANCE OF TIER 2

CAPITAL BONDS

The board of directors (the "Board") of Bank of Tianjin Co., Ltd.* (the "Bank") hereby announces that in accordance with the Board resolution dated 26 March 2021, the Board recommends that, subject to the approval of the shareholders, the senior management is authorized to deal with, in its absolute discretion, all the matters relating to the issuance of Tier 2 Capital Bonds, with a total issue size not exceeding Renminbi ("RMB") 30 billion (inclusive).

In order to optimize the capital structure, broaden the capital supplement channels, and ensure the compliance of the capital adequacy ratio with the regulatory requirements, the Bank plans to issue Tier 2 capital bonds to supplement Tier 2 capital with its strategic plan and capital replenishment plan in accordance with the Commercial Banking Law of the People's Republic of China, the Measures for Capital Management of Commercial Banks (Trial), the Measures of China Banking and Insurance Regulatory Commission for the Implementation of Administrative Licensing Items for Chinese Commercial Banks, the Measures for the Administration of Issuance of Financial Bonds in the National Inter-bank Bond Market, the Administrative Procedures for the Issuance of Financial Bonds in the National Inter-bank Bond Market, the Guiding Opinions on Innovation of Capital Instruments of Commercial Banks (Revision) and other relevant laws and regulations. The Board held a meeting on 26 March 2021 to consider and review matters relating to the proposed issuance mandate. After careful consideration and deliberation of the Board, the Board recommends that the shareholders shall consider and approve at their discretion the Board to delegate the mandate to the senior management for the issuance of Tier 2 capital bonds subject to the approval of the relevant regulatory authorities, as detailed below:

Total issue size and number of tranches:

The proposed total issue size shall be no more than RMB30 billion (inclusive). The number of tranches and the specific scale shall be determined based on the business development, regulatory requirements, market environments and other relevant factors.

Type of instruments:

Qualified Tier 2 capital instruments with write-down provisions in compliance with the Measures for Capital Management of Commercial Banks (Trial) and the Guiding Opinions on Innovation of Capital Instruments of Commercial Banks

(Revision) .

Market:

Based on the status of capital adequacy ratio, Tier 2 capital bonds will be publicly offered in the national inter-bank bond market to ensure that the capital adequacy ratio is kept within a reasonable range. The bonds shall be traded and circulated in the national inter-bank bond market in accordance with the relevant regulations of the People's Bank of China upon the completion of the offering.

Term of instruments:

No more than 10 years.

Loss absorption method:

The loss will be absorbed by means of write-down upon the occurrence of the trigger events set out in the offering document.

Interest rate of bonds:

Determined based on the offering method by referring to the market interest rate.

Use of proceeds:

The proceeds from the issuance of Tier 2 capital bonds will be used to supplement the Bank's Tier 2 capital and improve the capital adequacy ratio in accordance with the applicable laws and under the approval of the regulatory authorities.

Validity period for the resolution on the issuance of Tier 2 capital bonds

Effective for 36 months from the date when the general meeting approves the issuance of Tier 2 capital bonds.

Scope of authorization:

It is recommended that the shareholders shall approve the Board to delegate the mandate to the senior management to handle all the relevant matters for the issuance of Tier 2 capital bonds (After the general meeting approves the authorization to the Board, the authorization of the Board to the senior management shall become effective). The authorization shall include but is not limited to:

(I)Determining the specific matters for the issuance of Tier 2 capital bonds to the extent permitted by applicable laws and regulatory authorities and based on the market conditions, including but not limited to: the specific issue size, issue time, issue batch, issue in stages or not and number of tranches, bond duration, offering method, offering clauses, target investor, issue interest rate and face value, bond registration and custody, applying for listing and trading of bonds, arranging for repayment of principal and interest, employing underwriters, rating agencies, law firms, accounting firms and other intermediary agencies, negotiating and signing contracts and legal documents on behalf of the Bank in connection with the issuance of Tier 2 capital bonds; applying to the relevant regulatory authorities for the issuance of Tier 2 capital bonds and making appropriate adjustments to the relevant issuance plan according to the opinions of the regulatory authorities (if any).

(II) Term of authorization: Effective for 36 months from the date when the general meeting approves this resolution, unless cancelled by the general meeting by means of special resolution.

(III) Other specific matters in connection with the issuance of

Tier 2 capital bonds.

The issuance of Tier 2 capital bonds is subject to (among others) the approval of the shareholders, the CBIRC and the People's Bank of China as well as the market conditions, therefore, the proposed issuance of Tier 2 capital bonds may not be carried out. Shareholders and investors shall be prudent in dealing in the Bank's shares.

A circular containing (among others) details of the Proposed Mandate for Issuance of Tier 2 Capital Bonds will be distributed to the shareholders of the Bank in due course.

By Order of the Board

BANK OF TIANJIN CO., LTD.*

SUN Liguo

Chairman

Tianjin, China

26 March 2021

As at the date of this announcement, the Board of the Bank comprises Mr. SUN Liguo and Mr. WU Hongtao, as executive directors; Ms. SUN Jingyu, Ms. DONG Guangpei, Mr. Alistair Marshall BULLOCH, Mr. ZHAO Wei, Mr. WANG Shunlong and Ms. LI Jun as non-executive directors; Mr. FENG Heping, Mr. LAW Yee Kwan, Quinn, Mr. JIN Qingjun, Mr. HUA Yaogang and Mr. HE Jia as independent non-executive directors.

*Bank of Tianjin Co., Ltd. is not an authorised 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 authorised to carry on banking/deposit-taking business in Hong Kong.