HAITONG , S.A. Share Capital: €844.769.000 Headquarters: Rua Alexandre Herculano, 38, 1269-180 Lisboa Registered at Lisbon Commercial Register under number: 501 385 932

Haitong Bank, S.A. reports 2020 Results

Haitong Bank, S.A. (“Haitong Bank”) informs about the 2020 consolidated and individual accounts, which have been approved by the Board of Directors and will be submitted to the Sole Shareholder.

Lisbon, 19 March 2021

HAITONG BANK, S.A.

Press Release

Haitong Bank, S.A. reports 2020 results proving its resilience during the pandemic period

2020 Performance Highlights

 Net Profit: Break-even goal reached, with a Net Profit in 2020 of EUR 1.6 million

 Operating Performance: 20% decrease of the Operating Costs to EUR 58 million, leading to a solid Operating Income of EUR 24 million

 Banking Income: €82 million in 2020, showing a strong recovery from the EUR 24 million generated in the first half of 2020

 Asset quality: Further improvement in the NPL ratio, down from 3.6% in 2019 to 1.9% in 2020

 Capital position: strong capital and liquidity positions with a CET1 ratio of 22.7% and a Total Capital Ratio of 28.5% as at end 2020, as well as an NSFR of 157%

 Consolidated business franchise in Europe, Latin America and

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Press Release

Financial Overview

Haitong Bank, S.A. (Haitong Bank) reports a 2020 Net Profit of €1.6 million vs. a Net Profit of €7.5 million in 2019. This performance shows a good level of resilience to the impacts of COVID- 19 due to the nature of the Bank’s corporate and institutional business.

Despite the extremely adverse circumstances, Total Banking Income for the year was EUR 82 million, showing a strong recovery from the EUR 24 million generated in the first half of 2020. As the Bank maintained a strict cost awareness, Operating Costs decreased by almost 20% to EUR 58 million, leading to a solid Operating Income of EUR 24 million.

The Bank has also made further progress in 2020 regarding Asset Quality, with the NPL ratio decreasing from 3.6% in December 2019 to 1.9% in December 2020.

The Bank has been executing a consistent strategy over the last three years, focused on strengthening its domestic client franchise in Europe and Latin America, alongside a recurrent cross-border business flow with China. This unique business model position the Bank as a strategic driver of Haitong Group’s international expansion beyond Asia-Pacific.

Capital

Haitong Bank continues to show strong capital and liquidity positions with a CET1 ratio of 22.7% and a Total Capital of 28.5% as at end 2020, giving the Bank further room to increase the size of its Balance Sheet to support clients’ business in credit transactions, bond underwriting, hedging solutions, and Fixed Income products.

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Press Release

KEY INDICATORS (million euros)

FY2020 FY2019 FY2018

Balance Sheet Total Assets 2,801 2,607 2,895 Total Liabilities 2,203 1,991 2,279 Total Equity 598 616 616

Results Banking Income 82 108 99 Operating Costs 58 72 78 Operating Profit 24 36 21 Impairment and Provisions -12 -23 -26 Net Profit / Loss 2 8 1

Efficiency Cost to Income ratio 71.3% 67.0% 82.0%

Credit Quality Non Performing Loans Ratio 1.9% 3.6% 8.2%

Solvency CET1 ratio (phased-in) 22.7% 28.4% 22.9% Total capital ratio (phased-in) 28.5% 35.9% 28.9%

Source: Haitong Bank

About Haitong Bank

Haitong Bank, S.A. is part of Haitong Securities Co. Ltd, which is one of the leading investment and securities firms in China and a first-mover Chinese securities firm providing a wide range of services in global markets. Haitong Group is present in 14 countries in Asia, Europe, North America and South America, providing securities brokerage, wealth management, , asset management, , and financial leasing services.

Haitong Bank offers a combination of expertise in structured finance, capital markets, M&A advisory, corporate derivatives, fixed income, asset management, and private equity businesses. Through its operations located in Portugal, Spain, the UK, Poland and Brazil, and broader access to Asia through Haitong Group, Haitong Bank connects clients and opportunities across its network with a team of over three hundred professionals.

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