China Minsheng Banking : ANNOUNCEMENT ON APPROVAL BY THE PBOC OF ISSUANCE OF TIER-2 CAPITAL BONDS

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中 國 民 生 銀 行 股 份 有 限 公 司

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

China Minsheng Banking Corp., Ltd. (the "Company") recently obtained an affirmative decision of administrative license from the People's Bank of China (the "PBOC") (Yin Shi Chang Xu Zhun Yu Zi [2017] No.140) (the "Affirmative Decision"), in which the PBOC approves the public issuance of tier-2 capital bonds by the Company with an aggregate amount up to RMB30 billion in the national inter-bank bond market. The approved amount will be valid for two years from the date of the Affirmative Decision. The tier-2 capital bonds may be issued in tranches at any time to be determined by the Company during the effective period.

Upon completion of the issuance, the tier-2 capital bonds of the Company will be traded in the national inter-bank bond market in accordance with relevant regulations of the PBOC.

The Company will report the issuance results to the PBOC within ten business days after the completion of issuance of each tranche of the tier-2 capital bonds.

By Order of the Board

Chairman

Beijing, PRC 30 August 2017

As at the date of this announcement, the executive directors of the Company are Mr. Hong Qi, Mr. Liang Yutang and Mr. Zheng Wanchun; the non-executive directors are Mr. Zhang Hongwei, Mr. Lu Zhiqiang, Mr. Liu Yonghao, Mr. Shi Yuzhu, Mr. Wu Di, Mr. Yao Dafeng, Mr. Song Chunfeng, Mr. Tian Zhiping and Mr. Weng Zhenjie; and the independent non-executive directors are Mr. Liu Jipeng, Mr. Li Hancheng, Mr. Xie Zhichun, Mr. Cheng Hoi-chuen, Mr. Peng Xuefeng and Mr. Liu Ningyu.