Announcement Regarding Resolutions Passed At 2019 Second Extraordinary General Meeting of China Guangfa Bank Co., Ltd.

The 2019 Second Extraordinary General Meeting (hereinafter referred to as the “Meeting” ) of China Guangfa Bank Co., Ltd.( hereinafter referred to as the “Bank”) was held in Guangzhou on December 102019. The Meeting was convened by the 8th Board of Directors of the Bank. Director Yin Yi was elected to preside over the Meeting by Directors.

76 shareholders and proxies attended the Meeting, the total number of voting shares held by them was 17,795,685,327 (Seventeen Billion Seven Hundred and Ninety-Five Million Six Hundred and Eighty-Five Thousand Three Hundred and Twenty Seven), 90.39% of total shares of the Bank. 5 directors, 4 supervisors and certain senior management members attended the Meeting in non-voting capacity.

The convening of the Meeting and voting procedures were in compliance with the requirements of the Company Law of the PRC and the Articles of Association of China Guangfa Bank Co., Ltd. The resolution of the Meeting was lawful and valid.

All qualified shareholders and proxies attending the Meeting considered all proposals and voted. The resolutions of the Meeting passed as follow:

1.Consider and approve the Proposal on Mr. Zhao Peng as Director of the 8th Board of Directors of the Bank.

Mr. Zhao Peng was elected as a director of the Eighth Board of Directors of the Bank, with the same tenure as that of the Eighth Board of Directors. Mr. Zhao Peng’s qualification is still subject to the approval of China Banking and Insurance Regulatory Commission.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

100%

0

0

 

2.Consider and approve the Proposal on Amendments to the Article of Association of China Guangfa Bank Co., Ltd.

The Article of Association of China Guangfa Bank Co., Ltd. amended is still subject to the approval of China Banking and Insurance Regulatory Commission.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.9997%

0

0.0003%

 

3.Consider and approve the Proposal on Mr. Liu Xiangyang nominated by Jiangxi Provincial Expressway Investment Group Co., Ltd. as Director of the 8th Board of Directors of the Bank

Mr. Liu Xiangyang was elected as a director of the Eighth Board of Directors of the Bank, with the same tenure as that of the Eighth Board of Directors. The members of the Eighth Board of Directors of the Bank are increased from 15 to 16. Mr. Liu Xiangyang’s qualification is still subject to the approval of China Banking and Insurance Regulatory Commission.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

82.5850%

0

17.4150%

 

 

China Guangfa Bank Co., Ltd.

December 10, 2019