Issuance and Listing of Preference Shares in the Recent Three Years

The Bank obtained the Reply of China Banking Regulatory Commission on Approving China CITIC Bank’s Private Offering of Preference Shares and Amendments to the Articles of Association” (Yin Jian Fu [2015] No.540) on 1 September 2015 and the Reply of China Securities Regulatory Commission on Approving China CITIC Bank’s Private Offering of Preference Shares (CSRC Xu Ke [2016] No.1971) on 14 October 2016. The Bank made the private offering of 350 million domestic preference shares at RMB100.00 par value per share On 21 October 2016. The shares were issued at par at 3.80% initial coupon rate and with no maturity period. The Bank’s 350 million preference shares, referred to as “CITIC Excellent 1” with the stock code of 360025, were listed on Shanghai Stock Exchange’s Comprehensive Business Platform on 21 November 2016.

The above issuance of preference shares raised total proceeds of RMB35,000,000,000, which came to net proceeds of RMB34,954,688,113 after deduction of the issuance costs, taxes and other expenses, and were fully used to replenish other Tier-One capital of the Bank. There was no unused balance of the proceeds.

Please refer to the relevant announcements published on the websites of SSE (www.sse.com.cn), HKEX (www.hkexnews.hk) and the Bank (www.citicbank.com) for detailed information.