Chong Hing Bank : Clarification Announcement on the Announcement on Proposed Issuance of U.S.$400,000,000 5.7 Per Cent. Undated Non-cumulative Subordinated Additional Tier 1 Capital Securities under the U.S.$2,000,000,000 Medium Term Note and Perpetual Capital Securities Programme of Chong Hing Bank Limited

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(Incorporated in Hong Kong with limited liability)

(Stock code: 01111)

CLARIFICATION ANNOUNCEMENT ON THE ANNOUNCEMENT ON PROPOSED ISSUANCE OF U.S.$400,000,000 5.7 PER CENT. UNDATED NON-CUMULATIVE SUBORDINATED ADDITIONAL TIER 1 CAPITAL SECURITIES UNDER THE U.S.$2,000,000,000 MEDIUM TERM NOTE AND PERPETUAL CAPITAL SECURITIES PROGRAMME OF CHONG HING BANK LIMITED

Reference is made to the Chinese version of the announcement dated 9 July 2019 (the "July 9 Chinese Announcement") in relation to the Proposed Issuance of U.S.$400,000,000 5.7 per cent. Undated Non- cumulative Subordinated Additional Tier 1 Capital Securities under the U.S.$2,000,000,000 Medium Term Note and Perpetual Capital Securities Programme of Chong Hing Bank Limited (the "Bank").

The Bank hereby clarifies that the reference in the third paragraph of the July 9 Chinese Announcement to

"廣州越秀控股有限公司" should be to "廣州越秀集團有限公司".

Save for the aforesaid, all other information in the July 9 Chinese Announcement remains unchanged. This clarification announcement is supplemental to and should be read in conjunction with the July 9 Chinese Announcement.

By Order of the Board

Chong Hing Bank Limited

Lai Wing Nga

Company Secretary

Hong Kong, 9 July 2019

As at the date of this announcement, the Board of the Bank comprises:

• Executive Directors
  Mr ZongJianxin (Deputy Chairman and Chief Executive) and Mr LauWai Man (Deputy Chief Executive);
• Non-executiveDirectors
  Mr ZhangZhaoxing (Chairman), Mr LiFeng, Mr ChowCheuk Yu Alfred and Ms ChenJing; and
• Independent Non-executive Directors
  Mr ChengYuk Wo, Mr MaChiu Cheung Andrew, Mr LeeKa Lun and Mr YuLup Fat Joseph.