Shengjing Bank : ANNOUNCEMENT ON PROPOSED ISSUANCE OF FINANCIAL BONDS

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SHENGJING BANK CO., LTD.*

盛京銀行股份有限公司*

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

(Stock Code: 02066)

ANNOUNCEMENT ON PROPOSED ISSUANCE OF

FINANCIAL BONDS

This announcement is made by Shengjing Bank Co., Ltd. (the "Bank") pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of the Bank announces that the Board has resolved that, subject to obtaining shareholders' approval at the 2020 annual general meeting of the Bank (the "AGM") and obtaining approvals from the People's Bank of China, the Liaoning Bureau of the China Banking and Insurance Regulatory Commission and other relevant regulatory authorities, the Bank will issue financial bonds in the aggregate principal amount of up to RMB30 billion (the "Bonds") to members of the inter-bank bond market in China. The proceeds from the issuance of the Bonds will be used to optimise the structure of the Bank's liabilities and capital, stabilise the medium and long-term funding sources of the Bank, and support the Bank's medium and long-term asset business. The Bonds will not be listed on the The Stock Exchange of Hong Kong Limited.

Particulars of the proposed issuance of the Bonds are as follows:

1. SIZE OF THE ISSUANCE

The Bank proposes to issue the Bonds in the aggregate principal amount of up to RMB30 billion in one or more tranches, among which, capital bonds with no fixed term shall not exceed RMB15 billion, and other types of financial bonds shall not exceed RMB15 billion. Other types of financial bonds include but not limited to green financial bonds, small and micro enterprise bonds and entrepreneurship and innovation financial bonds. According to the actual situation, the specific issue size can be adjusted between the capital bonds with no fixed term and other types of financial bonds, and the type and progress of bond issuance shall be arranged according to the market acceptance conditions and regulatory requirements as appropriate.

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1. MATURITY
   The capital bonds with no fixed term will have no fixed term, with the date of triggering event being the date of maturity, and the maturity of other types of financial bonds have a term of not more than 10 years.
2. INTEREST RATE OF THE BONDS
   The interest rate of the Bonds will be determined based on market interest rate.
3. TARGET SUBSCRIBERS
   The Bonds will be issued to members of the inter-bank bond market in China.
4. USE OF PROCEEDS
   The proceeds from the issuance of the Bonds will be used to optimise the structure of the Bank's assets and liabilities, stabilise the medium and long- term funding sources of the Bank, support the Bank's medium and long-term asset business, issue green loans, and issue loans to small and micro enterprises and innovative entrepreneurs. After deducting the issuance costs, the funds raised from the capital bonds with no fixed term will be used to supplement tier- one capital of the Bank, optimise the capital structure of the Bank and improve the level of capital adequacy, thereby supporting the sustainable and stable development of the business.
5. TERM OF VALIDITY OF THE RESOLUTION
   A special resolution will be proposed at the AGM to approve the issuance of the Bonds. Such special resolution, if passed at the AGM, will be valid for 36 months from the date on which such special resolution is passed.
6. AUTHORISATION MATTERS
   It will be proposed at the AGM that the Board be authorised, which will in turn authorise the senior management of the Bank, to implement the issuance of the Bonds (including, but not limited to, the determination of timing of the issuance, size of the issuance, interest rate, method of the issuance, tranches and amount, method of calculation of interest, maturity of the bonds, loss absorption by way of wholly or partially write-off or conversion into equity interests, use of proceeds and the execution of all relevant documents and other matters).
   The issuance of the Bonds is subject to (i) shareholders' approval by way of a special resolution at the AGM and (ii) approvals from the People's Bank of China, the Liaoning Bureau of the China Banking and Insurance Regulatory Commission and other relevant regulatory authorities.

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A circular containing, among other things, further details of the proposed issuance of the Bonds, together with a notice of the AGM, will be despatched to the shareholders of the Bank in due course.

By order of the Board

Shengjing Bank Co., Ltd.

ZHOU Zhi

Joint Company Secretary

Shenyang, Liaoning Province, China

30 March 2021

As at the date of this announcement, the executive directors of the Bank are Mr. QIU Huofa, Mr. SHEN Guoyong, Ms. ZHANG Jun, Mr. SHI Yang and Ms. LI Ying; the non-executive directors of the Bank are Mr. SU Qingxiang, Mr. LIANG Zhifang, Mr. ZHU Jialin and Mr. JI Kun; and the independent non-executive directors of the Bank are Mr. NI Guoju, Mr. KEUNG Chak, Mr. TAI Kwok Leung, Alexander, Mr. XING Tiancai and Mr. LI Jinyi.

• Shengjing Bank 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.

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