China Merchants Securities : ANNOUNCEMENT REGARDING RESOLUTION PASSED AT THE 2020 FIRST EXTRAORDINARY GENERAL MEETING

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.

招 商 銀 行 股 份 有 限 公 司

CHINA MERCHANTS BANK CO., LTD.

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

(H Share Stock Code: 03968)

(Preference Share Stock Code: 04614)

ANNOUNCEMENT REGARDING RESOLUTION PASSED

AT THE 2020 FIRST EXTRAORDINARY GENERAL MEETING

According to the notice of the 2020 first extraordinary general meeting dated 24 August 2020 (the "Notice of the EGM") issued by China Merchants Bank Co., Ltd. (the "Company"), the 2020 first extraordinary general meeting of the Company (the "EGM" or the "Meeting") was held at the Conference Room, 5/F, China Merchants Bank Tower, No. 7088 Shennan Boulevard, Futian District, Shenzhen, Guangdong, the PRC at 9:30 a.m. on 9 September 2020. Mr. Li Jianhong, the Chairman of the Board of Directors of the Company, presided over and acted as the chairman of the Meeting.

For details about the resolution considered at the Meeting, please refer to the Notice of the EGM and the circular of the EGM dated 24 August 2020 (the "Circular"), both of which can be downloaded from the Company's website (www.cmbchina.com) and the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (www.hkex.com.hk). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those adopted in the Circular.

As at the shareholding registration date of the Meeting (i.e. 2 September 2020), the Company had a total of 25,219,845,601 Ordinary Shares in issue, including 20,628,944,429 A Shares and 4,590,901,172 H Shares, which were the Shares entitling the holders to attend and vote on the resolution proposed at the Meeting.

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Shareholders of ordinary shares and proxies attending the Meeting and their shareholdings:

1.	Number of Shareholders and proxies attending the Meeting	656
	Of which: Number of A Shareholders and proxies	654
	Number of H Shareholders and proxies	2
2.	Total number of voting Shares held by Shareholders and proxies attending the Meeting	17,307,674,752
	Of which: Total number of Shares held by A Shareholders and proxies	14,050,376,380
	Total number of Shares held by H Shareholders and proxies	3,257,298,372
3.	Percentage of the total number of voting Shares of the Company held by Shareholders and
	proxies attending the Meeting (%)	68.6272
	Of which: Percentage of the total number of voting Shares of the Company held by
	A Shareholders and proxies (%)	55.7116
	Percentage of the total number of voting Shares of the Company held by
	H Shareholders and proxies (%)	12.9156

17 out of the 17 existing Directors of the Company attended the Meeting, and 9 out of the 9 existing supervisors of the Company attended the Meeting; the Secretary to the Board of Directors also attended the Meeting, with certain senior management members attending the Meeting.

The convening and voting procedures of the Meeting were in compliance with the relevant requirements of the Company Law of the People's Republic of China, the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (the "Hong Kong Listing Rules") and the Articles of Association of China Merchants Bank Co., Ltd. (the "Articles of Association").

Pursuant to the Hong Kong Listing Rules, no Shareholder of the Company is required to abstain from voting in respect of the resolution proposed at the Meeting. The Company is not aware of any parties who have indicated their intentions to vote against the resolution proposed at the Meeting. There are no Shareholders who are entitled to attend the Meeting but required to abstain from voting at the Meeting in favour of the resolution in accordance with Rule 13.40 of the Hong Kong Listing Rules.

Representatives from the Company's Shareholders, representatives from the Supervisors, lawyers of JunHe LLP and Computershare Hong Kong Investor Services Limited, the Company's H Share registrar and other parties were appointed as the scrutineers to monitor the on-site vote taking process and count the votes at the Meeting; SSE Infonet Co., Ltd. consolidated and calculated the voting results for the resolution voted by means of on-site voting and online voting.

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The voting results of the EGM on the resolution are as follows:

		For		Against		Abstained
		Number	Percentage	Number		Percentage	Number	Percentage	Passed
No.	Resolution	of Votes	(%)	of Votes		(%)	of Votes	(%)	or not
	ORDINARY RESOLUTION
1.	Resolution regarding the	17,060,295,882	98.5707	245,870,170		1.4206	1,508,700	0.0087	Passed
	Election of Mr. Miao Jianmin
	as a Non-executive Director of
	the Company

The above resolution was an ordinary resolution, which has been approved by more than half of the votes from the Shareholders who possess the right to vote (including proxies) attending the Meeting.

CHANGE OF DIRECTOR

The appointment qualification of Director of Mr. Miao Jianmin is subject to the approval of the China Banking and Insurance Regulatory Commission (the "CBIRC"), and his term shall be effective from the date of approval by the CBIRC. In accordance with the relevant requirements of the Articles of Association, in order to ensure the soundness of corporate governance of the Company and the Company's normal operation, Mr. Li Jianhong will continue to perform the duties as the Chairman, Non-Executive Director, Chairman of the Strategy Committee of the Board and member of the Nomination Committee of the Board until the date on which the qualifications of Mr. Miao Jianmin as a Director and the new Chairman elected at the Board meeting are approved by the CBIRC, upon which the Company will publish a separate announcement.

ATTESTATION BY LAWYER

The Meeting was attested by Liu Yongzhao and Cai Qiying appointed by JunHe LLP who issued a written legal opinion, certifying that the convening and procedures of the Meeting of the Company, the qualifications of the attendees and the voting procedures were in compliance with the relevant laws, administrative regulations and rules such as the Company Law of the People's Republic of China and the Rules for the Shareholder's Meetings of Listed Companies and the Articles of Association. The voting results of the Meeting were lawful and valid.

By Order of the Board

China Merchants Bank Co., Ltd.

Liu Jianjun Ho Wing Tsz Wendy

Joint Company Secretaries

9 September 2020

As at the date of this announcement, the executive directors of the Company are Tian Huiyu, Liu Jianjun and Wang Liang; the non-executive directors of the Company are Li Jianhong, Fu Gangfeng, Zhou Song, Hong Xiaoyuan, Zhang Jian, Su Min, Wang Daxiong and Luo Sheng; and the independent non-executive directors of the Company are Leung Kam Chung, Antony, Zhao Jun, Wong See Hong, Li Menggang, Liu Qiao and Tian Hongqi.

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