China Minsheng Banking : Announcement on Resolution of the 19th Extraordinary Meeting of the 7th Session BOD

Announcement on Resolution of the 19th Extraordinary Meeting

of the 7th Session BOD

5 June 2020

The 19 th extraordinary meeting of the 7th session of the Board of Directors of the Company was held in Beijing on 5 June 2020 . The meeting notice and meeting documents were sent out by email on 4 June 2020. The meeting was convened and presided over by Chairman Hong Qi. Of all 15 Directors who were entitled to attend the meeting, 3 Directors, being Chairman Hong Qi, Directors Zheng Wanchun and Peng Xuefeng, attended the meeting in person; 12 Directors, being Vice Chairmen Zhang Hongwei, Lu Zhiqiang and Liu Yonghao, Directors Shi Yuzhu, Wu Di, Song Chunfeng, Weng Zhenjie, Liu Jipeng, Li Hancheng, Xie Zhichun, Liu Ningyu and Tian Suning, attended the meeting by teleconference. Of all 9 Supervisors who were entitled to attend the meeting, 9 Supervisors attended the meeting as non-voting delegates. The convention and procedures of the meeting complied with the rules and regulations under the Company Law of the PRC and the Articles of Association of the Company. The resolution made through voting is legal and effective.

The following resolution was discussed and passed at the meeting:

Resolution on Nominating Mr. Gao Yingxin As a Candidate for Executive Director of the Company

The nomination of Mr. Gao Yingxin as a candidate for the Executive Director of the 7th Session of the Board of the Company was consented at the meeting. The Board of the Company entrusted shareholders who individually or collectively hold more than 3% of the shares of the Company (Oriental Group Incorporation and Oriental Group Co., Ltd., China Oceanwide Holdings Group Co., Ltd., New Hope Liuhe Investment Co., Ltd.) to submit this matter as an interim proposal to the 2019 Annual General Meeting ("AGM") of the Company, the First A Share Class Meeting for 2020 and the First H Share Class Meeting for 2020 (the "shareholders' meetings") for consideration.

Upon consideration and approval at the shareholders' meetings, the directorship qualification of Mr. Gao Yingxin will be subject to approval by China Banking and Insurance Regulatory Commission and his appointment will be effective from the date of approval.

Voting result: Affirmative: 14 votes; Negative: 0 vote; Abstention: 0 vote.

Opinions of the Independent Directors: The procedures for the nomination, consideration and voting of the candidate for the Executive Director are in compliance with the Company Law of the PRC, the Law of Commercial Banks of the PRC, the Code of Corporate Governance for Listed Companies, the Guidelines on Corporate Governance of Commercial Banks and other relevant laws and regulations as well as the Articles of Association of the Company. The Independent Directors agreed on the nomination of

Mr. Gao Yingxin as a candidate for the Executive Director of the 7th Session of the Board of the Company and the submission of this matter to the shareholders' meetings of the Company.

Attachment: Biography of Mr. Gao Yingxin

Board of Directors

China Minsheng Banking Corp., Ltd.

Attachment:

Biography of Mr. Gao Yingxin

Mr. Gao Yingxin, born in 1962, joined the Company as the Secretary of the CPC Party Committee in May 2020. Mr. Gao is a member of the 13th National Committee of the Chinese People's Political Consultative Conference. Before joining the Company, he was the vice chairman and chief executive of BOC Hong Kong (Holdings) Limited and Bank of China (Hong Kong) Limited from January 2018 to May 2020, an executive director of the Bank of China Limited ("BOC") from December 2016 to January 2018, a non-executive director of BOC Hong Kong (Holdings) Limited from March 2015 to January 2018, an executive vice president of the BOC from February 2015 to January 2018, an executive director and deputy chief executive of BOC Hong Kong (Holdings) Limited and Bank of China (Hong Kong) Limited from February 2005 to March 2015, president and chief operating officer of BOC International Holdings Limited from July 2004 to February 2005, the general manager of the Corporate Banking Department of the Head Office of the BOC from June 1999 to July 2004 and a deputy general manager of the Credit Department and the Corporate Banking Department of the Head Office of the BOC from September 1996 to June 1999.

Mr. Gao graduated from the East China University of Science and Technology with a Master's Degree in Engineering in 1986 and is a senior economist.

(Please note that this is the English translation of the announcement in Chinese. Should there be any discrepancy between the English translation and the Chinese version, the Chinese version shall prevail.)