China Minsheng Banking : ANNOUNCEMENT ON SUCCESSFUL ISSUANCE OF FINANCIAL BONDS OF RMB30 BILLION

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中 國 民 生 銀 行 股 份 有 限 公 司

CHINA MINSHENG BANKING CORP., LTD.

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

(Stock Code: 01988)

(USD Preference Shares Stock Code: 04609)

ANNOUNCEMENT ON SUCCESSFUL ISSUANCE OF

FINANCIAL BONDS OF RMB30 BILLION

Upon the approval by China Banking and Insurance Regulatory Commission and the People's Bank of China, recently, China Minsheng Banking Corp., Ltd. (the "Company") successfully issued the "2021 Second Tranche Financial Bonds of China Minsheng Banking Corp., Ltd." (the "Bonds") in the national inter-bank bond market and completed the registration and entrustment of the Bonds with China Central Depository & Clearing Co., Ltd.

The Bonds were book built and recorded on 8 December 2021 and the issuance was completed on 10 December 2021. The Bonds with an aggregate amount of RMB30 billion are subject to a fixed interest rate for a term of 3 years and have a coupon rate of 3.02%.

The proceeds from the issuance of the Bonds will be used to satisfy the Company's needs of assets and liabilities allocation, enrich the source of funds, optimize the maturity structure of liabilities as well as promote the steady development of business in accordance with applicable laws and the approval of the regulatory authority.

By Order of the Board

CHINA MINSHENG BANKING CORP., LTD.

Gao Yingxin

Chairman

Beijing, PRC

13 December 2021

As at the date of this announcement, the executive directors of the Company are Mr. Gao Yingxin, Mr. Zheng Wanchun and Mr. Yuan Guijun; the non-executive directors are Mr. Zhang Hongwei, Mr. Lu Zhiqiang, Mr. Liu Yonghao, Mr. Shi Yuzhu, Mr. Wu Di, Mr. Song Chunfeng, Mr. Yang Xiaoling and Mr. Zhao Peng; and the independent non-executive directors are Mr. Liu Jipeng, Mr. Li Hancheng, Mr. Xie Zhichun, Mr. Peng Xuefeng, Mr. Liu Ningyu and Mr. Qu Xinjiu.