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.



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


PROPOSED ISSUE OF SUBORDINATED BONDS TO REPLENISH TIER 2 CAPITAL

Chongqing Rural Commercial Bank Co., Ltd. ;j:lì'H Jli!T!Nffi1!<0iil * (the "Bank") is pleased to announce its plan to issue subordinated bonds with a total of no more than RMB5.0 billion to domestic inter-bank bond market players (including but not limited to banks, non-bank financial institutions and enterprises) to replenish Tier 2
Capital.
This announcement is made in accordance with Rule 13.09 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") and the inside information provision under Part XIVA of the Securities and Futures Ordinance, Chapter 571 of the laws of Hong Kong (as defined in the Listing Rules).

I. BACKGROUND

The Bank is pleased to announce its plan to issue subordinated bonds with a total of no more than RMB5.0 billion to domestic inter-bank bond market players (including but not limited to banks, non-bank financial institutions and enterprises) to replenish Tier 2 Capital. The proposed issue of subordinated bonds to replenish Tier 2 Capital is subject to shareholders' approval at the shareholders' general meeting. The Bank shall despatch a circular containing the notice of shareholders' general meeting to shareholders in accordance with the relevant requirements of its articles of association.

- 1 -

Pursuant to the Company Law of the People's Republic of China and the Bank's articles of association, the issue of subordinated bonds can proceed only with the shareholders' approval at the shareholders' general meeting as well as the approval from the relevant regulatory authority.

Pursuant to the bond-issuing requirements of regulatory authority, the Bank has met all the basic requirements for issuing subordinated bonds to replenish Tier 2 Capital.

II. PARTICULARS OF THE PROPOSED SUBORDINATED BONDS TO REPLENISH TIER II CAPITAL

(i) Offering size: No more than RMB5.0 billion in total.
(ii) Offering timing: the issue of subordinated bonds under this resolution shall be in a period of 24 months commencing from the date on which this resolution is passed in the general meeting.
(iii) Target subscribers: Inter-bank bond market players (including but not limited to banks, non-bank financial institutions and enterprises).
(iv) Maturity: to be determined in accordance with the prevailing market conditions at the time of issuance.
(v) Interest rate: determined by reference to the prevailing market rate. (vi) Use of proceeds: replenish Tier 2 Capital.

III. AUTHORIZATION MATTERS IN RELATION TO THE ISSUE

(i) The board of the Bank (the "Board") submits to the annual general meeting for
2012 ("2012 AGM") to authorise the Board to handle relevant affairs regarding the issue of subordinated bonds, including but not limited to. application and reporting formalities to relevant government authorities and regulatory authorities, determination on specified aggregate size and batches of offering, offering timing, offering terms, maturity of the bonds, interest rates and price of the bonds, arrangement of redemption of the bond principal and interests, signing all necessary legal documents and applicable adjustments to the offering plan pursuant to the requirement of relevant regulatory authorities.

- 2 -

(ii) The Board submits to the 2012 AGM to approve the Board to grant its authorisation to the management for the above matters, and to delegate the management to decide and handle relevant affairs regarding the issue according to the specific circumstances.
(iii) The authorisation and the Board's grant of its authorisation to the management in respect of the issue of subordinated bonds under this resolution shall be effective for a period of 24 months commencing from the date this resolution is passed.
The Board has agreed to put forward the proposed issue to the 2012 AGM for consideration and approval by way of special resolution.

For and on behalf of the Board

Chongqing Rural Commercial Bank Co., Ltd.*

* Sui Jun

Executive Director and Company Secretary

Chongqing, the PRC, March 22, 2013

As at the date of this announcement, the Executive Directors of the Bank are Mr. Liu Jianzhong, Mr. Tan Yuansheng and Mr. Sui Jun; the Non-Executive Directors are Mr. Tao Jun, Mr. Hua Yusheng, Mr. Wang Yongshu, Mr. Wen Honghai, Mr. Gao Xiaodong and Mr. Wu Xiufeng; and the Independent Non-Executive Directors are Mr. Sun Leland Li Hsun, Mr. Yin Mengbo, Mr. Wu Qing, Mr. Chen Zhengsheng and Mr. Liu Weili.

* The Bank holds a financial licence number B0335H250000001 approved by China Banking Regulatory Commission and was authorised by the Administration for Industry and Commerce of Chongqing to obtain a corporate legal person business licence with a registration number

500000000001239. The Bank is not an authorised institution in accordance with the Hong Kong Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorised to carry on banking/deposit-taking business in

Hong Kong.

- 3 -

distributed by