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Huishang Bank Corporation Limited* 徽商銀行股份有限公司

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Huishang Bank Corporation Limited* 徽商銀行股份有限公司 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. Huishang Bank Corporation Limited* 徽商銀行股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) ( Stock Code：3698 ) 2013 ANNUAL RESULTS ANNOUNCEMENT The Board of Directors of the Bank is pleased to announce the audited results of the Bank and its subsidiaries for the year ended 31 December 2013. This announcement, containing the full text of the 2013 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 Limitedin relation to preliminary announcements of annual results. The printed version of the Bank’s 2013 Annual Report will be delivered to the H-Share Holders of the Bank and available for viewing on the websites of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and of the Bank at www.hsbank.com.cn in late April 2014. By order of the Board Huishang Bank Corporation Limited LI Hongming Chairman Hefei, Anhui, China 27 March 2014 As at the date of this announcement, the Board of the Bank comprises Li Hongming, Xu Demei, Wu Xuemin, Zhang Renfu and Ci Yaping as executive directors; Zhang Feifei, Qian Zheng, Guo Shigang, Wu Tian and Gao Yang as non-executive directors; and Au Ngai Daniel, Dai Genyou, Wang Shihao, Zhang Shenghuai and Wen Jinghui as independent non-executive directors. Huishang Bank Corporation Limited is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking/deposit-taking business in Hong Kong. * For identification purposes only -1- CONTENTS CHAPTER I CORPORATE INFORMATION CHAPTER II SUMMARY OF ACCOUNTING INFORMATION AND FINANCIAL INDEX CHAPTER III CHAIRMAN’S STATEMENT CHAPTER IV PRESIDENT’S STATEMENT CHAPTER V MANAGEMENT DISCUSSION AND ANALYSIS CHAPTER VI REPORT OF THE BOARD OF DIRECTORS CHAPTER VII CHANGES IN SHARE CAPITAL AND PARTICULARS OF SHAREHOLDERS CHAPTER VIII PROFILE OF DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT AND EMPLOYEES CHAPTER IX CORPORATE GOVERNANCE REPORT CHAPTER X INTERNAL CONTROL CHAPTER XI REPORT OF THE BOARD OF SUPERVISORS CHAPTER XII FINANCIAL STATEMENTS -2- DEFINITION In this document, unless the context otherwise requires, the following terms shall have the meaning set out below. “The Bank” or “Huishang Bank” means Huishang Bank Corporation Limited “CBRC” means China Banking Regulatory Commission (中國銀行業監督管理委員會) “CSRC” means China Securities Regulatory Commission (中國證券監督管理委員會) “CBRC Anhui Office” means China Banking Regulatory Commission Anhui Office (中國銀 行業監督管理委員會安徽監管局) “Domestic Shares” means ordinary shares issued by our Bank in the PRC, with a nominal value of RMB1.00, which are subscribed for and paid for in RMB “Hong Kong” means Hong Kong Special Administrative Region of the PRC “Hong Kong Stock Exchange” means The Stock Exchange of Hong Kong Limited “Hong Kong Listing Rules” means Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “Listing” means the listing of H shares of the Bank on the Hong Kong Stock Exchange “PBOC” means the People’s Bank of China “China” or “PRC” means the People’s Republic of China “Yuan” or “RMB” means Renminbi, the lawful currency of China “HK$” or “Hong Kong dollars” means Hong Kong dollars, the lawful currency of Hong Kong -3- CHAPTER I CORPORATE INFORMATION 1.1 Corporate Information 1.1.1 Statutory Chinese name: 徽商銀行股份有限公司 Statutory English name: Huishang Bank Corporation Limited 1.1.2 Statutory representative: Mr. Li Hongming Authorized representatives: Mr. Wu Xuemin, Mr. Ngai Wai Fung Board of Directors secretary: Mr. Hu Dongdong Joint company secretary: Mr. Ngai Wai Fung, Mr. Hu Dongdong 1.1.3 Registered and business office: Block A, Tianhui Building, 79 Anqing Road, Hefei, Anhui Province, PRC 1.1.4 Contact address: Block A, Tianhui Building, 79 Anqing Road, Hefei, Anhui Province PRC Tel: 0551－62667787 Fax: 0551－62667787 Post code: 230001 Bank’s website: www.hsbank.com.cn E-mail: [email protected] 1.1.5 Principal place of business in Hong Kong(note): 18/F, Tesbury Centre 28 Queen’s Road East, Wanchai, Hong Kong 1.1.6 Certified public accountants: PricewaterhouseCoopers, 22/F, Prince’s Building, Central, Hong Kong 1.1.7 Legal advisor as to PRC laws: King & Wood Mallesons Legal advisor as to Hong Kong laws: Latham & Watkins Compliance Advisor: Guotai Junan Capital Limited 1.1.8 Domestic shares trustee agency: China Securities Depository and Clearing Corporation Limited H shares registrar office: Computershare Hong Kong Investor Services Limited -4- [Note] The principal place of business in Hong Kong of the Bank was 3907-08, 39/F Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong as from the date of listing on 12 November 2013 to 31 December 2013. Huishang Bank Corporation Limited is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking/ deposit- taking business in Hong Kong. 1.2 Company profile The Bank is a joint stock commercial bank established on 4 April 1997 in Anhui. The Bank changed its name to Huishang Bank Corporation Limited on 28 December 2005, and officially merged with 5 city commercial banks of Wuhu, Ma’anshan, Anqing, Huaibei and Bengbu and 7 urban credit cooperatives of Lu’an, Huainan, Tongling, Fuyang Technology, Fuyang Xinying, Fuyang Yinhe and Fuyang Jinda. The Bank holds a financial institution license numbered B0162H234010001 from CBRC Anhui Office and a legal entity business license numbered 340000000026144 from Anhui Provincial Administration of Industry and Commerce. The registered address is Block A, Tianhui Building, 79 Anqing Road, Hefei, China. At the end of 2013, the total registered capital of the Bank was RMB11.05billion. The Bank’s principal activities are acquisition of deposits from the corporate and retail customers and the use of these deposits to fund the loan and investment portfolios, and the treasury operations which mainly encompass money market activities, investment and trading activities and transactions on behalf of customers in the PRC. On 31 December 2013, the Bank established 17 branches, 191 sub-branches and 447 self service areas, owned Jinzhai Huiyin Rural Bank Co., Ltd as its shareholding subsidiary and participates in Chery Motor Finance Service Co. Ltd and Wuwei Huiyin County Bank Co., Ltd. We are dedicated to serving local customers, with a focus on small and medium enterprises (“SME(s)”). Benefiting from our long-term commitment to deeply penetrate the Anhui market, we have built a broad SME customer base and a branch network strategically aligned with the regional economy, becoming a renowned financial institution in Anhui and China. On 12 November 2013, the Bank was listed on the Main Board of Hong Kong Stock Exchange. 1.3 Awards in 2013 In 2013, the Bank has won numerous accolades and rewards in contests organised by domestic authorities: • In January, the Bank was chosen as one of “The First 100 Banks of Inter-bank Domestic Currency Market in 2012” • In February, the Bank was awarded “The Best Efficient Award” in 2012 China Banking Finance Knowledge Wan Li Xing. • In March, the Bank was awarded the First Prize of “Non-tax Agency Work of Provincial Government in 2012” and “Advanced Entity and Star of Statistics of -5- International Income and Expense”. The Bank was rated as A-class bank in the evaluation of the implementation of foreign exchange rules. • In May, the Bank was awarded the First Prize of “Business Performance Evaluation of Support on Local Development” by Anhui financial work leading team. • In October, the Bank was awarded “Best Development Prize of Syndicated Loan Business in 2012” by China Banking Association. • In November, the Bank was awarded “Best Bank of Regional Cash and Treasury Management” by the 2013 Annual Conference of China Cash and Treasury Management. • In December, the Bank was awarded the best regional commercial bank of innovative mobile bank and “2013 Gold Medals for Chinese Financial Institution - Annual Small and Medium-Sized Bank with the Best Potential Growth”. • In December, the Bank ranked first place in the “First Resident Satisfactory Investigation of 10 Service Industries of Anhui Province”. CHAPTER II SUMMARY OF ACCOUNTING INFORMATION AND FINANCIAL INDEX 2.1 Main Financial Information Results of operation 2013 2012 YoY +/ (-) % RMB’000 RMB’000 Net operating income............................................................... 10,172,509 9,234,965 10.15% Profit before income tax .......................................................... 6,398,744 5,680,038 12.65% Net profit attributable to shareholders of the Bank.................. 4,926,202 4,306,393 14.39% By per share 2013 2012 YoY +/ (-) % RMB RMB Basic earnings attributable to shareholders of the Bank.......... 0.58 0.53 9.43% Diluted earnings attributable to shareholders of the Bank....... 0.58 0.53 9.43% Net closing assets attributable to shareholders of the Bank..... 2.86 2.51 13.94% 31 December Scale indicators 2013 2012 YoY +/ (-) % RMB’000 RMB’000 Total assets .............................................................................. 382,109,090 324,224,357 17.85% Including: Total loans and advances........................................ 195,449,436 163,794,766 19.33% Total liabilities......................................................................... 350,437,158 303,743,433 15.37% Including: Total deposits from customers ............................... 272,798,242 239,543,123 13.88% -6- 31 December Scale indicators 2013 2012 YoY +/ (-) % Equity attributable to shareholders of the Bank......................
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