China Everbright Bank : FIRST QUARTERLY REPORT OF 2022

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China Everbright Bank Company Limited

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

(Stock code: 6818)

FIRST QUARTERLY REPORT OF 2022

The Board of Directors (the "Board") of China Everbright Bank Company Limited (the "Company") hereby announces the unaudited results of the Company and its subsidiaries for the first quarter ended 31

March 2022 (the "Reporting Period") prepared under the International Financial Reporting Standards (the "IFRS"). This announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board of Directors of

China Everbright Bank Company Limited

Beijing, the PRC

27 April 2022

As at the date of this announcement, the Executive Directors of the Company are Mr. Fu Wanjun and Mr. Qu Liang; the Non-executive Directors are Mr. Wu Lijun, Mr. Yao Zhongyou, Mr. Yao Wei, Mr. Liu Chong and Mr. Li Wei; and the Independent Non-executive Directors are Mr. Wang Liguo, Mr. Shao Ruiqing, Mr. Hong Yongmiao, Mr. Li Yinquan, Mr. Han Fuling and Mr. Liu Shiping.

China Everbright Bank Company Limited

First Quarterly Report of 2022

II.

COMPANY PROFILE

2.1

Basic Information

China Everbright Bank, established in August 1992 and headquartered in Beijing, is a national joint-stock commercial bank approved by the State Council of China and the People's Bank of China (PBOC). The Bank was listed on the SSE in August 2010 (stock code 601818) and the HKEX in December 2013 (stock code 6818).

2.2

Strategy Implementation

During the reporting period, the Bank resolutely implemented the decisions and plans of the CPC Central Committee and the State Council, and carried out the mission of a "national team" of financial state-owned enterprises, a professional team of wealth management and a vanguard team of people's livelihood services. Grounded on the new development stage, the Bank applied the new development philosophy and served to create a new pattern of development, made in-depth efforts to facilitate the construction of a wealth management bank, and continuously enhanced its capacity of high-quality development.

First, rooted in the real economy, the Bank shouldered its due responsibilities. The Bank fully implemented incentive and restraint measures such as special credit plan management, differentiated FTP preferential policies and enhanced assessment of balanced scorecard, and strongly supported the development of key areas such as manufacturing industry, inclusive finance, green finance and rural revitalization. Medium and long-term manufacturing loans, inclusive loans to micro and small enterprises and green loans increased by 9.40%, 8.59% and 16.54% respectively over the end of the previous year, the growth rate of which all higher than that of general loans.

Second, oriented at delivering benefits to the people, the Bank served to improve people's well-being. The Bank secured Cloud Fee Payment's leading position as the largest open-ended and convenient fee payment platform in China, expanded the coverage of government affairs fee payment services and improved caring services for physically challenged groups. With an amount of 530 services newly added, the platform has offered a total of 12,793 fee payment services in cumulative terms. The Bank made refined efforts in providing livelihood services including pension agency payment service, third-generation social security card service and the "Craftsman Card" service exclusive for migrant workers, with a year-on-year growth rate of 10.12% in the amount of payroll agency transactions. The Bank also supported and provided preferential treatment for military personnel, veterans, martyrs and their families. 22 branches of the Bank have carried out cooperative projects with organizations and units regarding preferential treatment certification for ex-servicemen and other entitled groups.

Third, promoting reform and innovation, the Bank improved operation quality and efficiency. The Bank broadened settlement business and other transaction banking businesses, expanded high-quality liabilities, increased its deposit balance by RMB168,182 million over the end of the previous year with the decrease of deposit costs reaching a comparable level among financial peers, and created favorable conditions for enterprises to lower comprehensive financing costs. It promoted the development of fee-based business not occupying the Bank's risk assets, and optimized resource allocation, thus gradually showcasing the effect of light-asset transformation, with the ratio of fee-based income from businesses not occupying the Bank's risk assets reaching 8.50%, up 1.01 percentage points year on year.

Fourth, strictly safeguarding the bottom line of risks, the Bank strengthened risk management and control. The Bank pushed ahead the risk manager dispatching mechanism and the risk embedding mechanism for front office business to boost the accuracy of marketing services and risk prevention and control. It enhanced concentrated risk control of the real estate industry, improved the risk management of scenario-based online loans, refined the industry research system for credit granting, and made risk prevention more forward-looking. Taking multiple measures, the Bank maintained overall stability of asset quality, and the NPL ratio, special-mention loan ratio and overdue loan ratio were all lowered down while the provision coverage ratio rose up.

III.

KEY FINANCIAL DATA

3.1

Key Accounting Data and Financial Indicators

Unit: RMB million, %

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