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Announcement of Annual Results for the Year Ended 31 December 2020

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Announcement of Annual Results for the Year Ended 31 December 2020 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 The board of directors (the “Board”) of Bank of Guizhou Co., Ltd. (the “Bank”) is pleased to announce the audited annual results (the “Annual Results”) of the Bank for the year ended 31 December 2020. This results announcement, containing the full text of the 2020 annual report of the Bank, complies with the relevant content requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of annual results. The Board and the audit committee of the Board have reviewed and confirmed the Annual Results. This results announcement is published on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Bank (www.bgzchina.com). The annual report for the year ended 31 December 2020 will be dispatched to the shareholders of the Bank and will be available on the above websites in due course. By order of the Board Bank of Guizhou Co., Ltd. XU An Executive Director Guiyang, the PRC, 30 March 2021 As of the date of this announcement, the Board of the Bank comprises Mr. XU An as executive Director; Ms. GONG Taotao as non-executive Director; and Mr. TANG Xin, Mr. WANG Gefan, Mr. SONG Ke, Mr. LI Shoubing and Mr. LAW Cheuk Kin Stephen as independent non-executive Directors. * Bank of Guizhou Co., Ltd. is not an authorized institution within the meaning of the 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 Definitions 2 Chapter 1 Leader’s Statement 4 Chapter 2 Company Profile 6 Chapter 3 Summary of Accounting Data and 9 Financial Indicators Chapter 4 Management Discussion and 12 Analysis Chapter 5 Changes in Share Capital and 59 Information on Shareholders Chapter 6 Directors, Supervisors, Senior 73 Managements, Employees and Organizations Chapter 7 Corporate Governance Report 92 Chapter 8 Report of the Board of Directors 115 Chapter 9 Report of the Board of Supervisors 120 Chapter 10 Major Events 124 Chapter 11 Independent Auditor’s Report 130 Chapter 12 Financial Statements and Notes 139 Chapter 13 Unaudited Supplementary 263 Financial Information Appendix: List of Branches and Sub- 266 branches The Bank holds a financial license No. B1383H252010001 approved by the CBIRC and was authorised by the CBIRC Guizhou Office to obtain the business license with a unified social credit code 915200000550280000. The Bank is not an authorized institution within the meaning of the 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. 2 Bank of Guizhou Company Limited Definitions DEFINITIONS The following terms shall have the following meanings in this report unless the context requires otherwise. “Articles of Association” or “Articles” the articles of association of the Bank, the version of which was passed by our shareholders at the shareholders’ meeting on 19 January 2021, which is subject to the approval of the CBIRC Guizhou Office “Bank”, “We”, “Our”, “us” or Bank of Guizhou Co., Ltd. (貴州銀行股份有限公司), a joint stock company “Bank of Guizhou” incorporated on 28 September 2012 in Guizhou Province, China, with limited liability in accordance with PRC laws and regulations and, if the context requires, includes its predecessors, subsidiaries, branches and sub-branches “Banking Ordinance” the Banking Ordinance, Chapter 155 of the Laws of Hong Kong, as amended, supplemented or otherwise modified from time to time “Basel III” the revised Basel Capital Accord promulgated in 2010 “Basel Accords” Basel I, Basel II and Basel III, collectively “Board” the board of Directors of the Bank “Board of Supervisors” the board of Supervisors of the Bank “CBIRC” or “CBRC” China Banking and Insurance Regulatory Commission (中國銀行保險監督管 理委員會)/China Banking Regulatory Commission (中國銀行業監督管理委 員會) (before 17 March 2018) “CBIRC Guizhou Office” China Banking and Insurance Regulatory Commission Guizhou Office (中國 銀行保險監督管理委員會貴州監管局) “commercial banks” all the banking financial institutions in the PRC other than policy banks, including the large commercial banks, the joint-stock commercial banks, city commercial banks, foreign banks and other banking financial institutions “CSRC” China Securities Regulatory Commission (中國證券監督管理委員會) “Director(s)” the director(s) of the Bank “Domestic Shares” ordinary shares issued by the Bank in the PRC, with a nominal value of RMB1.00 each, which are subscribed for or credited as paid in full for in Renminbi “GDP” gross domestic product Definitions Annual Report 2020 3 “H Shares” overseas-listed shares in the share capital of the Bank, with a nominal value of RMB1.00 each, which are to be subscribed for and traded in Hong Kong dollars and are listed on the Hong Kong Stock Exchange “H Share Registrar” Computershare Hong Kong Investor Services Limited “HKSCC” Hong Kong Securities Clearing Company Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited “HK$” or “HKD” or “Hong Kong dollars” the lawful currency of Hong Kong “Hong Kong” or “HK” Hong Kong Special Administrative Region of the PRC “Hong Kong Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited “Listing Date” 30 December 2019, the date on which dealings in the H Shares of the Bank first commenced on the Hong Kong Stock Exchange “LPR” Loan Prime Rate “PBOC” or “Central Bank” the People’s Bank of China (中國人民銀行) “PRC” the People’s Republic of China, but for the purpose of this report only, excluding Hong Kong, Macau Special Administrative Region of the PRC and Taiwan “Reporting Period” the period for the year ended 31 December 2020 “RMB” or “Renminbi” Renminbi, the lawful currency of the PRC “security in the six areas” ensure security in job, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains, and the normal functioning of primary-level governments “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) “stability on the six fronts”” ensure stability in employment, financial operations, foreign trade, foreign investment, domestic investment, and expectations “Supervisor(s)” the supervisor(s) of the Bank 4 Bank of Guizhou Company Limited Chapter 1 Leader’s Statement LEADER’S STATEMENT As the season returns to spring, a new year begins. The year 2020 was an extraordinary year. In the face of the severe and complex economic and financial situation, especially the most serious COVID-19 pandemic in a century, Bank of Guizhou was determined to promote the transformation of its strategy to coordinate the pandemic prevention and control and the business development, thereby delivering outstanding results in the historic challenges, and taking solid steps on the path of high-quality development. As a result, various businesses developed steadily. Total assets reached RMB456,401 million, representing an increase of RMB47,012 million or 11.48% over the beginning of the year; total loans and advances amounted to RMB213,923 million, representing an increase of RMB34,055 million or 18.93% over the beginning of the year; deposits from customers amounted to RMB289,043 million, representing an increase of RMB28,776 million or 11.06% over the beginning of the year. The operation effects were in stable growth. Operating revenue amounted to RMB11,248 million, representing a year- on-year increase of RMB542 million or 5.06%, and net profit amounted to RMB3,671 million, representing a year-on-year increase of RMB107 million or 3.00%. We were firmly committed to promoting transformation and development. Our retail business witnessed rapid growth. Personal deposits exceeded RMB100,000 million, amounting to RMB101,633 million, representing an increase of RMB20,015 million or 24.52% over the beginning of the year. We continued to broaden the profit channels. The profits generated from financial markets business recorded increased steadily, and we successfully obtained the bond underwriting qualification issued by China Development Bank and the qualification of the new treasury bond underwriting syndicate, which increasingly enhanced our involvement and influence in the national financial market. We successfully built two mid-income product lines over RMB100 million in wealth management business and transaction banking business. The “Gui Yin Heng Li (貴銀恒利)” wealth management brand was spread across the country, with the sales volume and balance of the wealth management products hitting record highs; the trade financing products were continuously enriched, with significant growth of the financing balance and market share. The revenue structure was improved significantly, with fee and commission income increasing 283.05% over the first half of the year and the proportion of non-interest revenue rising to 10.01%, representing an increase of 2.21 percentage points over the beginning of the year. We were fully dedicated to serving the local economic construction. We supported the whole province to win the battle against poverty on a quality basis, with a balance of more than RMB95,000 million in financing to the original 66 poor counties and a balance of RMB25,685 million in loans for targeted poverty alleviation. Due to our financial contribution to tearing off the label of poverty in Guizhou Province, we were honored with six awards in the provincial recognition for poverty alleviation.
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