China Cinda Asset Management : ANNOUNCEMENT ON THE APPROVAL OF THE ISSUANCE OF UNDATED CAPITAL BONDS

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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))

ANNOUNCEMENT ON THE APPROVAL OF THE ISSUANCE

OF UNDATED CAPITAL BONDS

References were made to the notice and circular of the extraordinary general meeting dated December 3, 2020 and the announcement of the poll results of the extraordinary general meeting dated December 22, 2020 of China Cinda Asset Management Co., Ltd. (the "Company"). As considered and approved at the 2020 second extraordinary general meeting, the Company proposed to issue onshore undated capital bonds of an amount no more than RMB22 billion.

The Company has received China Banking and Insurance Regulatory Commission's Approval in respect of the Issuance of Undated Capital Bonds by China Cinda Asset Management Co., Ltd. (Yin Bao Jian Fu [2021] No. 149) and Affirmative Decision of Administrative License of the People's Bank of China (Yin Xu Zhun Yu Jue Zi [2021] No. 62), and has been approved to issue undated capital bonds in China's national inter-bank bond market of an amount no more than RMB22 billion.

The Company will perform its obligation of information disclosure regarding the issuance of undated capital bonds in accordance with relevant regulatory requirements.

By order of the Board

China Cinda Asset Management Co., Ltd.

ZHANG Zi'ai

Chairman

Beijing, the PRC

April 6, 2021

As at the date of this announcement, the Board of the Company consists of Mr. ZHANG Zi'ai and Mr. ZHANG Weidong as Executive Directors, Mr. HE Jieping, Mr. XU Long, Mr. WANG Shaoshuang, Ms. ZHANG Yuxiang, 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.