POSTAL SAVINGS BANK of CHINA : Announcement on Approval of Qualifications of Directors by CBRC 2017-05-24

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Postal Savings Bank of China Co., Ltd.

中 國 郵 政 儲 蓄 銀 行 股 份 有 限 公 司

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

(Stock code: 1658) ANNOUNCEMENT ON APPROVAL OF QUALIFICATIONS OF DIRECTORS BY CBRC

The 2017 first extraordinary general meeting of Postal Savings Bank of China Co., Ltd. (the "Bank") convened on March 2, 2017 elected Mr. Han Wenbo and Mr. Liu Yaogong as non- executive directors of the Bank. Recently, the Bank received the Approval by CBRC on the Qualifications of Mr. Han Wenbo and Mr. Liu Yaogong of Postal Savings Bank of China Co., Ltd. (Yin Jian Fu [2017] No. 167), pursuant to which the China Banking Regulatory Commission (the "CBRC") has approved the qualifications of Mr. Han Wenbo and Mr. Liu Yaogong as the non- executive Directors of the Bank. According to relevant regulations, the term of office of Mr. Han Wenbo and Mr. Liu Yaogong shall commence from May 19, 2017. The board of directors of the Bank would like to extend its sincere welcome to Mr. Han Wenbo and Mr. Liu Yaogong for joining the Bank.

For biographical details about Mr. Han Wenbo and Mr. Liu Yaogong, please refer to the EGM circular of the Bank dated January 13, 2017. As of the date of this announcement, there is no change in these biographical details.

By Order of the Board

Postal Savings Bank of China Co., Ltd. Du Chunye

Joint Company Secretary

Beijing, China May 24, 2017

As at the date of this announcement, the Board comprises Mr. Li Guohua as Chairman and non-executive Director; Mr. Lyu Jiajin, Mr. Zhang Xuewen and Ms. Yao Hong as executive Directors; Mr. Han Wenbo, Mr. Tang Jian, Mr. Liu Yaogong and Mr. Chin Hung I David as non-executive Directors; Mr. Ma Weihua, Ms. Bi Zhonghua, Mr. Fu Tingmei and Mr. Gan Peizhong as independent non-executive Directors.

* Postal Savings Bank of China Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.