Press Release – March 27, 2020

Haitong Securities Co. Ltd. – the ultimate shareholder of Haitong , S.A. – registers a significant Net Profit of € 1.2 bn, which posts an impressive 83% YoY rise. HS also announces a share capital increase of up to RMB 20 bn (EUR 2.5 bn) to reinforce the balance sheet and support growth

2019 Performance Highlights

 Total revenues: 33.3% YoY increase to RMB 51.6bn (€ 6.7bn)

 Profit before income tax: 83.2% YoY growth to RMB 13.9bn (€ 1.8bn)

 Net Profit: RMB 9.5bn (€ 1.2bn) in 2019, up from RMB 5.2bn (€ 0.7bn) in 2018, a 82.8% YoY rise

 Total Assets: 10.8% increase to RMB637bn (€ 81.5bn) in 2019

Note: 2019 average EUR/RMB exchange rate of 7.73 and of 7.81 as of 31 /12/2019

Financials

The ultimate shareholder of Haitong Bank – Haitong Securities Co. Ltd. (“Haitong Securities”) – reported a 2019 Net Income of RMB 9.5bn vs. RMB 5.2bn in 2018. Profit before income tax was RMB 13.9bn, an increase of 83.2% YoY.

This very strong performance was driven by a significant increase in revenues, which grew by 33.3% in 2019 to RMB 51.6bn. In particular, fees and commissions from strengthening the wealth management business (which includes retail and high-net worth ), the

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Press Release – March 27, 2020 expansion of the business, and the increase of AUM of active fund management business related accounted for most of this performance, as well as Trading gains.

The overseas business, generating RMB 17.1bn, accounted for 33% of the total revenues of the Group.

Net Assets posted a 10.8% increase in the year. The weighted average return on net assets was 7.8% in 2019, increasing from 4.4% in 2018.

Haitong Securities Key Financial Indicators

Source: Haitong Securities Co. Ltd.

About Haitong Securities

Haitong Securities has an outstanding comprehensive financial service platform, ranking no2 among the brokerage and financial companies in . Haitong Securities’ branch network covers six international financial centres in New York, London, Tokyo, Singapore, Hong Kong and Shanghai. Haitong Securities has 340 securities and futures branches (including 300 securities branches and 40 futures branches) spanning across 30 provinces, municipalities and autonomous regions in the PRC. Haitong Securities has also established branches or subsidiaries in 14 countries and regions on 5 continents (Asia, Europe, North America, South America and Oceania). With a nationwide branch network and a strategic international presence, Haitong

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Press Release – March 27, 2020

Securities has built a large and stable customer base. As of 31 December 2019, Haitong Securities had approximately 15.5 million domestic and overseas customers.

In 2019, Haitong Securities and its subsidiaries ranked top in several businesses, such as Investment banking, Bond financing, Research, Asset and fund management, between others. In Hong Kong, its subsidiary Haitong International ranked first among all investment in terms of its numbers of IPOs and equity financing projects underwritten.

Capital

Having sufficient capital has laid a solid foundation for Haitong Securities’ business optimisation and transformation as well as satisfying domestic and overseas customers’ diversified needs for financial services. However, Haitong Securities has announced a share capital increase of up to RMB 20bn, through a private placement, in order to be able to continue to grow and to deal with the current global challenges.

Other Relevant Aspects

On March 25th, 2020, Haitong Securities, together with the municipal authorities of Shanghai and FOSUN, shipped medical material and equipment to Oporto in the context of the relationship between both cities as twin towns since 1995. The ceremony organized by the Shanghai Foreign Affairs Office (FAO) was held near Pudong Airport and marked the joint donation. The following persons attended the ceremony: the Consul General of Portugal in Shanghai, Mr. Israel Saraiva; one of the deputy Director-generals of FAO, Mr. Liu Guangyong; the Vice-chairman of the FOSUN Group and General Director of the Fosun Foundation, Mr. Li Haifeng; and the Chairman of the Board of Directors of the Haitong Securities Group, Mr. Qu Qiuping.

For more information, please contact AMP Associates: João Costa Pereira + 351 211 921 396 / +351 927 489 394 [email protected]

www.ampassociates.pt

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