China Minsheng Banking : ANNOUNCEMENT ON APPROVAL OF THE QUALIFICATION OF NON-EXECUTIVE DIRECTOR

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CHINA MINSHENG BANKING CORP., LTD.

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

(Stock Code: 01988)

(USD Preference Shares Stock Code: 04609)

ANNOUNCEMENT ON

APPROVAL OF THE QUALIFICATION OF

NON-EXECUTIVE DIRECTOR

China Minsheng Banking Corp., Ltd. (the "Company") today received the Approval of China Banking and Insurance Regulatory Commission in relation to the Appointment Qualification of Yang Xiaoling of China Minsheng Bank (Yinbaojianfu [2021] No. 195), which approved the qualification of Mr. Yang Xiaoling as a non-executive director of the Company. In accordance with the relevant requirements, Mr. Yang Xiaoling acts as non-executive director of the Company and member of Compensation and Remuneration Committee under the board of directors with effect from 16 March 2021.

For biographical details of Mr. Yang Xiaoling, please refer to the Company's announcement dated 16 October 2020 regarding, among others, change of session of the board of directors.

By Order of the Board

CHINA MINSHENG BANKING CORP., LTD.

Gao Yingxin

Chairman

Beijing, PRC

23 March 2021

As at the date of this announcement, the executive directors of the Company are Mr. Gao Yingxin and Mr. Zheng Wanchun; the non-executive directors are Mr. Zhang Hongwei, Mr. Lu Zhiqiang, Mr. Liu Yonghao, Mr. Shi Yuzhu, Mr. Wu Di, Mr. Song Chunfeng and Mr. Yang Xiaoling; 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.