China Merchants Securities : ·SUPPLEMENTARY ANNOUNCEMENT OF 2019 ANNUAL REPORT

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)

SUPPLEMENTARY ANNOUNCEMENT OF 2019 ANNUAL REPORT

Upon review and approval by the Board of Directors of China Merchants Bank Co., Ltd. (the "Company"), the rest of pre-tax remunerations of the senior management who received remunerations from the Company for 2019 are now disclosed as follows:

		The Rest of Pre-tax
Name	Title	Remuneration for 2019
		(RMB10,000)
Tian Huiyu	Executive Director, President	176.55
and Chief Executive Officer
Li Hao	Former Executive Director, First Executive	42.65
Vice President and Chief Financial Officer
Liu Yuan	Chairman of the Board of Supervisors	144.45
and Employee Supervisor
Tang Zhihong	Former Executive Vice President	128.40
Liu Jianjun	Executive Director, Executive Vice President	128.40
and Secretary of the Board of Directors
Xiong Liangjun	Secretary of the Party Discipline Committee	128.40
Wang Liang	Executive Director, Executive Vice President	128.40
and Chief Financial Officer
Wang Jianzhong	Executive Vice President	128.40
Shi Shunhua	Executive Vice President	128.40
Wang Yungui	Executive Vice President	94.28
Li Delin	Executive Assistant President	83.72
Liu Hui	Executive Assistant President	83.72

1

Notes:

1. According to the relevant policies and regulations, the performance-based remunerations of the Company's senior management are subject to deferred payment. The total amount of deferred performance-based remunerations of the Company's senior management for 2019 is RMB13.9577 million. The deferred remunerations have not been paid to the individuals, and the Board of Directors will determine finally whether and how to pay these deferred remunerations in accordance with the Company's actual operations and risk exposure in the future.
2. Mr. Zhu Qi, a former Executive Vice President of the Company, receives remuneration from CMB Wing Lung Bank Limited, a subsidiary of the Company. Mr. Zhao Ju, a former Executive Vice President of the Company, receives remuneration from CMB International Capital Corporation Limited, a subsidiary of the Company.

By Order of the Board

China Merchants Bank Co., Ltd.

Liu Jianjun Ho Wing Tsz Wendy

Joint Company Secretaries

29 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 Miao Jianmin, 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.

2