Chong Hing Bank : Completion of Issue of New Shares under General Mandate

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.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 01111)

COMPLETION OF ISSUE OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of Chong Hing Bank Limited (the "Bank") dated 14 August 2018 (the "Announcement") in relation to, amongst other things, the Subscription. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings given to them in the Announcement.

The Board is pleased to announce that the condition precedent under the Subscription Agreement has been fulfilled and completion of the Subscription took place on 21 August 2018. All the 70,126,000 Subscription Shares have been issued and allotted to the Subscriber at the Subscription Price in accordance with the terms and conditions of the Subscription Agreement.

EFFECTS ON SHAREHOLDING STRUCTURE

The shareholding structure of the Bank before and immediately after completion of the Subscription is summarized as follows:

Before completion of the Subscription

Immediately after completion of the

Subscription

Number of Shares	% of issued	Number of Shares	% of issued
Shares	Shares (Approx.)
Shareholders
Yuexiu Financial Holdings	489,375,000	75%	489,375,000	67.72%
Public Shareholders
The Subscriber	-	-	70,126,000	9.70%
Other Shareholders (being
public Shareholders)	163,125,000	25%	163,125,000	22.57%
Sub-total	163,125,000	25%	233,251,000	32.28%
Total	652,500,000	100%	722,626,000	100%

Note: Certain percentage figures included in the table have been subject to rounding adjustments. Accordingly, figures shown as totals may not be an arithmetic aggregation of the figures preceding them.

By Order of the Board Chong Hing Bank Limited

Lai Wing Nga Company Secretary

Hong Kong, 21 August 2018

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

•  Executive Directors

  Mr. Zong Jianxin (Deputy Chairman and Chief Executive) and Mr. Lau Wai Man (Deputy Chief Executive);

•  Non-executive Directors

  Mr. Zhang Zhaoxing (Chairman), Mr. Li Feng, Mr. Chow Cheuk Yu Alfred and Ms. Chen Jing; and

•  Independent Non-executive Directors

  Mr. Cheng Yuk Wo, Mr. Ma Chiu Cheung Andrew, Mr. Lee Ka Lun and Mr. Yu Lup Fat Joseph.