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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)

ANNOUNCEMENT

POLL RESULTS OF

THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

The second extraordinary general meeting of shareholders for 2020 (the "EGM") of China Huarong Asset Management Co., Ltd. (the "Company") was held at Conference Room 1221, No. 8 Financial Street, Xicheng District, Beijing, the PRC, on Monday, 21 September 2020.

Resolutions of the EGM

The EGM was convened by the Board and chaired by Mr. Wang Zhanfeng, the chairman of the Board. All the proposed resolutions set out in the notice of the EGM of the Company dated 6 August 2020 (the "Notice"), were passed by way of poll. There were no restrictions on any Shareholders casting votes on the proposed resolutions at the EGM. The convening and holding of the EGM, and the voting process were all in compliance with applicable laws and regulations, including the Company Law and the Articles of Association.

For details of the resolutions considered at the EGM, Shareholders may refer to the Notice and the circular of the EGM of the Company (the "Circular") both dated 6 August 2020. Capitalized terms in this announcement shall have the same meanings as those defined in the Circular unless the context otherwise requires.

Poll Results of the EGM

The total number of Shares of the Company in issue as at the date of the EGM was 39,070,208,462 Shares (including 14,026,355,544 Domestic Shares and 25,043,852,918 H Shares), which was the total number of Shares entitling the holders to attend and vote for or against or abstain from voting on the resolutions proposed at the EGM. Shareholders and authorized proxies holding an aggregate 31,265,646,225 voting Shares were present at the EGM, representing 80.024263% of the total voting Shares of the Company.

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The poll results in respect of the resolutions proposed at the EGM are set out below:

The Company's H Share registrar, Computershare Hong Kong Investor Services Limited ("Computershare"), Shareholders' representatives of the Company, Mr. Zhu Dewu from National Council for Social Security Fund and Ms. Li Lin from China Life Insurance (Group) Company, an employee representative Supervisor, Ms. Zheng Shengqin, and a lawyer from Haiwen & Partners, the PRC legal advisor of the Company, Mr. Du Ning acted as scrutineers for the vote-taking at the EGM. Computershare acted as the vote-counter for the vote-taking at the EGM.

Appointment of Directors of the Company

As approved by the Shareholders at the EGM, Mr. Wang Wenjie and Mr. Xu Nuo were appointed as an executive Director and a non-executive Director of the Company, respectively. Their terms of office shall take effect upon the approval of their directorship qualifications by the China Banking and Insurance Regulatory Commission until the election of the next session of the Board. The biographical details of Mr. Wang Wenjie and Mr. Xu Nuo and other relevant information have been set out in the Circular. As at the date of this announcement, there has been no change of such information.

By order of the Board

China Huarong Asset Management Co., Ltd.

WANG Zhanfeng

Chairman

Beijing, the PRC

21 September 2020

As at the date of this announcement, the Board comprises Mr. WANG Zhanfeng and Ms. LI Xin as executive directors of the Company; Ms. ZHAO Jiangping, Mr. ZHENG Jiangping and Mr. ZHOU Langlang as non-executive directors 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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