China CITIC Bank : ANNOUNCEMENT THE POSTPONEMENT OF THE PLAN OF VOLUNTARY INCREASE IN SHAREHOLDING IN THE BANK BY CERTAIN DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

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

(Stock Code: 998)

ANNOUNCEMENT

THE POSTPONEMENT OF THE PLAN OF VOLUNTARY INCREASE IN

SHAREHOLDING IN THE BANK BY CERTAIN DIRECTORS,

SUPERVISORS AND SENIOR MANAGEMENT

This announcement is made by China CITIC Bank Corporation Limited (the "Bank") in accordance with the requirements of Section XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

References are made to the announcement in relation to the plan of voluntary increase in shareholding in the Bank by certain directors, supervisors and senior management of the Bank dated 30 October 2020 and the announcement on the progress of the plan of voluntary increase in shareholding in the Bank by certain directors, supervisors and senior management dated 31 December 2020.

As disclosed in the abovementioned announcements, certain directors, supervisors and senior management of the Bank (the "Participants") plan to voluntarily purchase the Bank's H shares from the secondary market with self-owned funds of no less than 20.20 million RMB or equivalent in Hong Kong dollars within 4 months from October 31, 2020 (the "Plan"). As of 31 December 2020, the Participants had purchased 5,180,000 H shares of the Bank, totaling in 14.59 million RMB or equivalent in Hong Kong dollars. With the encouragement of the Bank, certain core management personnel of the Bank, including heads of tier-one branches, overseas branches, head office departments and subsidiaries (the "Certain Core Management Personnel"), had voluntarily purchased 47,602,000 H shares of the Bank from the secondary market, totaling in 133.32 million RMB or equivalent in Hong Kong dollars. As of the date of this announcement, the Participants have purchased 5,180,000 H shares of the Bank, totaling in 14.59 million RMB or equivalent in HongKong dollars. The Certain Core Management Personnel of the Bank have purchased 67,394,500 H shares of the Bank, totaling in 190.34 million RMB or equivalent in Hong Kong dollars. As of the date of this announcement, the implementation of the Plan has yet to be completed.

During the period of the Plan, some Participants are unable to perform their voluntary shareholdings increase plan as originally scheduled due to the limited time window because they are successively restricted by the compliance requirements that persons in possession of inside information shall not trade in the Bank's shares in the black out periods before the publication of the Announcement of the Preliminary Annual Results for the year of 2020 and the 2020 Annual Report of the Bank. The Bank plans to extend the implementation period of the Plan for two months. That is, the period for the implementation of the Plan is extended from "within 4 months from 31 October 2020" to "within 6 months from 31 October 2020 (if there are N trading days in the period during which direct or indirect sale or purchase of shares by the Participants shall be prohibited, the aforesaid period shall be postponed by N trading days)", whilst other contents of the Plan remain unchanged.

The Bank will continue to pay attention to the relevant situation of the voluntary increase in shareholding in the Bank by the above-mentioned Participants, and fulfill the information disclosure obligations in a timely manner in accordance with the relevant legal requirements.

By order of the Board of Directors China CITIC Bank Corporation Limited

Li Qingping

Chairperson

Beijing, the PRC

26 February 2021

As at the date of this announcement, the executive directors of the Bank are Ms. Li Qingping (Chairperson), Mr. Fang Heying (President), and Mr. Guo Danghuai; the non-executive directors are Mr. Cao Guoqiang, Ms. Huang Fang, and Mr. Wan Liming; and the independent non-executive directors are Mr. He Cao, Ms. Chen Lihua, Mr. Qian Jun, and Mr. Yan Lap Kei Isaac.