Zhongyuan Bank : ANNOUNCEMENT ON ISSUANCE OF FINANCIAL BONDS

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ʕࡡვБٰ΅Ϟࠢʮ̡*

ZHONGYUAN BANK CO., LTD.*

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

(Stock Code of H Shares: 1216)

(Stock Code of Preference Shares: 4617)

ANNOUNCEMENT ON ISSUANCE OF FINANCIAL BONDS

The board of directors (the "Board") of Zhongyuan Bank Co., Ltd.* (the "Bank") is pleased to announce that the Bank had obtained approval from the China Banking and Insurance Regulatory Commission Henan Office and the approval from the People's Bank of China in relation to the issuance of the financial bonds by the Bank. The Bank was approved to publicly issue financial bonds in an amount not exceeding RMB5.0 billion in the national interbank bond market in the People's Republic of China (the "Bond Issuance"). Based on applicable laws and regulatory approvals, the Bank will use the proceeds raised thereof to grant credit facilities for supporting ecological protection and high-quality development of the Yellow River basin, including ecological protection, pollution prevention, efficient use of water resources, high-quality development and cultural tourism.

On March 4, 2021, the Bank issued the financial bonds (the "Offering") with an issuing size of RMB2.0 billion in the national interbank bond market in the People's Republic of China. The face value of the bond is RMB100 with an issuing price of RMB100. The financial bonds have three years to maturity and a coupon rate of 3.60%. The interests shall be calculated at a fixed rate and on an annual basis. Based on applicable laws and regulatory approvals, the Bank will use the proceeds of the Offering to grant credit facilities for supporting ecological protection and high-quality development of the Yellow River basin, including ecological protection, pollution prevention, efficient use of water resources, high-quality development and cultural tourism. The remaining balance of the authorized limit under the Bond Issuance will be RMB3.0 billion after the Offering.

On behalf of the Board

ZHONGYUAN BANK CO., LTD.*

Dou Rongxing

Chairman

Zhengzhou, the PRC

March 4, 2021

As of the date of this announcement, the Board comprises Mr. DOU Rongxing, Mr. WANG Jiong, Mr. LI Yulin and Mr. WEI Jie as executive Directors; Ms. ZHANG Qiuyun, Mr. LI Xipeng and Mr. MI Hongjun as non-executive Directors; Ms. PANG Hong, Mr. LI Hongchang, Mr. JIA Tingyu and Mr. CHAN Ngai Sang Kenny as independent non-executive Directors.

*Zhongyuan 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.