Announcement on Resolutions of the 2nd Interim Meeting of the 7th Session BOD

17 July 2017

The 2nd interim meeting of the 7th session Board of Directors of the Company was held in Beijing on 17 July 2017. The meeting notice was sent out via emails on 12 July 2017. The meeting was presided over by Chairman Hong Qi. Of all 18 Directors, 13 Directors attended the meeting in person, and 4 by conference call, which included Vice Chairmen Zhang Hongwei and Liu Yonghao, Directors Shi Yuzhu and Cheng Hoi-chuen. Vice Chairman Lu Zhiqiang entrusted his voting right, in a written form, to Chairman Hong Qi. All 9 supervisors participated in the meeting. The convention and procedure of the meeting complied with the rules and regulations under the Company Law of the PRC, the Articles of Association of the Company and the Rules of Procedure for the Board of Directors of the Company, and the resolutions made through voting were legal and effective.

The following resolutions were discussed and passed at the meeting:

  1. Resolution on Price Adjustment in Capital Increment of Minsheng Financial Leasing Co., Ltd.

    It was consented at the meeting that the price in capital increment of Minsheng Financial Leasing Co., Ltd. will be adjusted from RMB2.87/share, i.e. 1.1 times of net assets per share of RMB2.61/share as audited on 31 December 2015, to RMB3.19/share, i.e. 1.1 times of net assets per share of RMB2.9/share as audited on 31 December 2016.

    Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.

  2. Resolution on Construction of Zhengzhou Strategic R&D Service Base (First Stage) Project

    Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.

  3. Resolution on Construction Plan of Residential Facilities Project for Zhengzhou Strategic R&D Base

    Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.

  4. Resolution on Purchase and Refurbishment of Office Building of Guiyang Branch

    Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.

  5. Resolution on Annual Budget for Minsheng Art Institutions in 2017

    Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.

  6. Resolution on Extension of Integrated Credit to Good First Group

    For details, please refer to the websites of Shanghai Stock Exchange and the Company. Voting result: Affirmative: 14 votes; Negative: 0 vote; Abstention: 1 vote.

  7. Resolution on Budget of Non-credit Internal Transactions for Minsheng Royal Fund Management Co., Ltd. in 2017

    Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote

  8. Resolution on Budget of Non-credit Related-party Transactions for Hongtai Dingshi Asset Management LLC.

For details, please refer to the websites of Shanghai Stock Exchange and the Company. Voting result: Affirmative: 14 votes; Negative: 0 vote; Abstention: 1 vote.

Board of Directors China Minsheng Banking Corporation Limited

CMBC - China Minsheng Banking Corporation Ltd. published this content on 17 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 July 2017 06:28:06 UTC.

Original documenthttp://en.cmbc.com.cn/upload/images/2017/6/038 BOD 20170717.pdf

Public permalinkhttp://www.publicnow.com/view/4C1616144D1294640025AC772C533357F6B21213