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2020 Annual Report BANK OF CHONGQING CO., LTD.* 重慶銀行股份有限公司* (A joint stock company incorporated in the People's Republic of China with limited liability) （Stock Code：1963） （Stock Code of Preference Shares：4616） 2020 ANNUAL REPORT * The Bank holds a financial licence number B0206H250000001 approved by the regulatory authority of the banking industry of the PRC and was authorised by the Administration for Market Regulation of Chongqing to obtain a corporate legal person business licence with a unified social credit code 91500000202869177Y. The Bank is not an authorized institution within the meaning of the Hong Kong Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong. CONTENTS 1. Important Notice 2 2. Definitions 3 3. Company Profile 5 4. Financial Highlights 14 5. Chairman’s Statement 18 6. President’s Statement 19 7. Management Discussions and Analysis 20 7.1 Overall Operation 20 7.2. Analysis of the Financial Statements 21 7.3 Loan Quality Analysis 39 7.4 Operating Results by Segment 46 7.5 Other Information to be Disclosed 47 according to Regulatory Requirements 7.6 Business Overview 48 7.7 Risk Management 62 7.8 Capital Management 71 7.9 Environment and Outlook 75 8. Significant Events 78 9. Change in Share Capital and Shareholders 119 10. Directors, Supervisors, Senior 135 Management, Employees and Branch Outlets 11. Corporate Governance Report 163 12. Report of the Board of Directors 194 13. Report of the Board of Supervisors 202 14. Financial Report 208 15. Organizational Chart 375 16. List of Branch Outlets 376 Important Notice (1) The Board of Directors, the Board of Supervisors, Directors, Supervisors and Senior Management of the Bank warrant that the contents in this report are true, accurate and complete and have no false representations, misleading statements or material omissions, and they will take legal responsibilities for such contents on a joint and several basis. (2) The 24th meeting of the sixth session of the Board of the Bank was held on 30 March 2021 in the form of on- site (video) conference. Chairman LIN Jun presided over the meeting. The Company has 13 Directors, among which 13 Directors attended the meeting in person. Supervisors and Senior Management of the Bank attended the meeting as non-voting participants. The convening of the meeting complied with relevant provisions of the Company Law of the People’s Republic of China and the Articles of Association of Bank of Chongqing Co., Ltd. (3) The Bank’s auditors PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership) and PricewaterhouseCoopers have audited the 2020 Financial Report of the Bank prepared in accordance with the PRC GAAP (China) Accounting Standards and International Financial Reporting Standards (IFRSs), and have issued unqualified auditor’s reports, respectively. (4) LIN Jun (Chairman of the Bank), RAN Hailing (President of the Bank), YANG Shiyin (Vice President in charge of Finance) and YANG Kun (Head of Finance Department) warrant that the financial report in the annual report is true, accurate and complete. (5) Profit distribution plan: The Bank plans to withdraw the statutory surplus reserve of RMB432 million according to 10% of the audited net profit of RMB4.32 billion in 2020, and withdraw the general reserve of RMB585 million according to 1.5% of the balance of risk assets. Based on the total share capital of A shares and H shares on the equity registration date for profit distribution, cash dividends of RMB0.373 (tax inclusive) per share will be distributed to all registered shareholders, which shall be denominated and declared in RMB, paid to A-share shareholders in RMB and paid to H-share shareholders in Hong Kong dollars. The actual amount distributed in Hong Kong dollars shall be calculated according to the average benchmark exchange rate of RMB to HK$ announced by the People’s Bank of China (PBOC) five business days before convening the general meeting of shareholders (including the day of the general meeting). The remaining undistributed profits will be carried forward to the next year. In 2020, the Bank did not implement the conversion of capital reserve into share capital. The above profit distribution plan is subject to consideration and approval at the 2020 annual general meeting of the Bank. (6) Forward-looking statements about matters like future plans of the Bank may be contained in this report. Relevant statements are made on the basis of current plans, estimates and forecasts. The Group believes that the expectations reflected in these forward-looking statements are reasonable, but the Group can not guarantee that these expectations can be realized or will be proved to be correct, so they shall not constitute substantive commitments of the Group. Investors shall not rely too much on such statements and maintain sufficient risk awareness in this regard. Be sure to note that these forward-looking statements are related to future events or the Group’s future financial, business or other performance and are subject to numerous uncertainties that may lead to significant differences in the actual results. 2 Bank of Chongqing Co., Ltd. Definitions In this report, unless the context otherwise requires, the following terms shall have the meanings set forth below: “Articles of Association” the articles of association of Bank of Chongqing Co., Ltd. “Bank” or “Bank of Chongqing” Bank of Chongqing Co., Ltd. “Group” Bank of Chongqing Co., Ltd. and its controlled subsidiary “CBRC” formerly known as China Banking Regulatory Commission (中國銀行 業監督管理委員會) “CBIRC” China Banking and Insurance Regulatory Commission (中國銀行保險 監督管理委員會) “CSRC” China Securities Regulatory Commission (中國證券監督管理委員會) “CBRC Chongqing Bureau” formerly known as China Banking Regulatory Commission Chongqing Bureau (中國銀行業監督管理委員會重慶監管局) “Chongqing CBIRC” China Banking and Insurance Regulatory Commission Chongqing Bureau (中國銀行保險監督管理委員會重慶監管局) “Chongqing Yufu” Chongqing Yufu Capital Operation Group Co., Ltd. “Dah Sing Bank” Dah Sing Bank, Limited “Xinyu Financial Leasing” Chongqing Xinyu Financial Leasing Co., Ltd. “Xingyi Wanfeng” Xingyi Wanfeng Village Bank Co., Ltd. “Mashang Consumer” Mashang Consumer Finance Co., Ltd. “Three Gorges Bank” Chongqing Three Gorges Bank Co., Ltd. “Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited “IFRS(s)” International Financial Reporting Standard(s) Annual Report 2020 3 Definitions “Hong Kong Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “Listing Rules” the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “PBOC” or “Central Bank” People’s Bank of China (中國人民銀行) “Reporting Period” the year ended December 31, 2020 “SFO” Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) 4 Bank of Chongqing Co., Ltd. Company Profile 3.1 Corporate Information 3.1.1 Legal Name and Abbreviation in Chinese: 重慶銀行股份有限公司(Abbreviation: 重慶銀行） Name in English: Bank of Chongqing Co.,Ltd. 3.1.2 Legal Representative: LIN Jun Authorized Representatives: LIN Jun WONG Wah Sing Secretary to the Board: PENG Yanxi Company Secretary: HO Wing Tsz Wendy Securities Affairs Representative1: LIU Songtao 3.1.3 Registered Address and Office Address: No. 6 Yongpingmen Street, Jiangbei District, Chongqing, the PRC Principal Place of Business in Hong Kong: Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong 3.1.4 Correspondence Address: No. 6 Yongpingmen Street, Jiangbei District, Chongqing, the PRC Postal Code: 400024 Tel: +86(23)63799024 Fax: +86(23)63799024 E-mail: [email protected] Website: http://www.cqcbank.com Customer Service Hotline: 4007096899 3.1.5 General Information on the Listing of Shares: A Shares: Listing Exchange: Shanghai Stock Exchange Stock Name: BCQ Stock Code: 601963 H Shares: Listing Exchange: The Stock Exchange of Hong Kong Limited Stock Name: BCQ Stock Code: 01963 Offshore Preference Shares: Listing Exchange: The Stock Exchange of Hong Kong Limited Stock Name: BCQ 17USDPREF Stock Code: 4616 1. The Board of Directors has appointed Mr. LIU Songtao as the Securities Affairs Representative of the Bank. The appointment of Mr. LIU Songtao will take effect only after he obtains the qualification certificate of the Secretary to the Board issued by Shanghai Stock Exchange. Annual Report 2020 5 Company Profile 3.1.6 Domestic Auditor: PricewaterhouseCoopers Zhong Tian LLP Office Address: 11/F, PricewaterhouseCoopers Center, Link Square 2, 202 Hu Bin Road, Huangpu District, Shanghai, the PRC Names of Signatory Certified Public Accountants: ZHOU Zhang, XUE Yu International Auditor: PricewaterhouseCoopers Office Address: 22/F, Prince’s Building, Central, Hong Kong Names of Signatory Accountant: Lee, Chung Bor 3.1.7 Legal Advisor as to PRC Laws: JunHe LLP Legal Advisor as to Hong Kong Laws: Sullivan & Cromwell (Hong Kong) LLP 3.1.8 A Share Registrar: China Securities Depository and Clearing Corporation Limited Shanghai Branch Address: No. 188 Yanggaonan Road, Pudong New District, Shanghai H Share Registrar: Computershare Hong Kong Investor Services Limited Address: Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong 3.1.9 Newspapers and Websites Designated for Information Disclosure Mainland China: China Securities Journal, Shanghai Securities News, Securities Times and Securities
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