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Fact Sheet Citi China

WHO WE ARE

Citi Inc. (NYSE: C) Citi is a leading global bank in China. We first opened our doors here in 1902, and became one of the first international banks to establish an incorporated entity in 2007. Citi’s Global Coverage 6 continents Today, we bank close to 1,000 MNCs - including about 70% of Fortune 500 companies - More than 160 countries over 350 local corporates and over 2,300 emerging corporates and middle corporates. By and jurisdictions listed market cap, we bank 85% of the largest 20 companies in China. We also have 128 currencies dedicated China desks across the world supporting Chinese clients across our global 200 million customer accounts network. We raised over US$30 billion for Chinese clients in 2020 from global capital markets, CCCL Credit Rating: including in Hong Kong and New York. We serve our Chinese clients with around 6,000 AAA (S&P colleagues across 16 locations. China, 2020) Citi China remains resilient despite the impact of COVID-19. At the height of the outbreak in Citigroup Tower China, we supported our clients and processed 100% of our transactions on time while No.33 Hua Yuan Shi Qiao Road Lu Jia Zui Finance accelerating digitization. and Trade Zone Shanghai, 200120, QUICK FACTS P.R. China Tel: +86 21 2896 6000 • Citibank (China) Co., Ltd. (“CCCL”) (est. 2007) is 100% www.citi.com.cn owned by parent Citibank N. A.

•The bank has a presence across 12 major Chinese cities, Press Contacts including Beijing, Shanghai, Guangzhou and Shenzhen, Marine Mao and lending companies in four other locations serving +86 21 2896 6366 rural counties and towns. +86 1370 1847 881 [email protected] • Our China franchise is fully supported in technology by Citigroup Services and Technology (China) Limited Flora Tian (CSTC), headquartered in Shanghai with outposts in +86 10 5937 6505 Dalian and Guangzhou, provides technology support to +86 1391 0624 802 Citi in more than 40 markets around the world. [email protected] • 2020: Rated 'AAA' by S&P China — only the third global Noah Sin bank to be rated by the agency's China subsidiary — +86 21 2896 6392 outlook stable. +86 131 2263 1265 [email protected] WHAT’S NEW

• In April 2021, Citi announced it will pursue the set-up of a securities company and a futures company in mainland China, as it begins a new chapter focused on developing its institutional business. The announcement came after Citi said it will exit consumer banking in 13 markets, including mainland China, to focus investment on businesses where it has the competitive advantages and scale necessary to drive higher returns for shareholders. The exit is expected to take several months or beyond a year, and Citi continues to serve its customers in the meantime.

• Leading the way in Custody: In August 2020, Citi became the first American bank to secure a domestic fund custody license from the China Securities Regulatory RECOGNITION Commission (CSRC), and was first bank among the top 5 global custodians to do so. This sets us up ahead of most competitors in serving USD 16 trillion of assets under AWARDS management in the country. Asia's Best Investment Bank 2020 • Fighting COVID-19: Citi China donated USD 250,000 to help battle the virus. Citi (Euromoney) employees in China, with the company’s matching donation, raised close to RMB 1.7 Ranked #1 China Equity Sales by million to support relief efforts. A number of our colleagues volunteered at community international investors relief centers in Hubei province in the middle of the outbreak, demonstrating (2020 Institutional Investor All-China Survey) tremendous courage. #1 All-Asia Research, #1 Overall China research LANDMARK DEALS (Institutional Investor Survey)

Global network: Citi fundraising for Chinese clients in global capital markets. One of the Best Banks in China 2015-2019 (Forbes 2020 World's Best Banks) • Pepole's Republic of China(China's Ministry of Finance): 4 billion euro-denominated sovereign bonds in 2019, USD 2 billion 5 and 10 year unrated bonds in 2017 and 2018. USD Best Bank in China - Global 2015-2020 6 billion bond again in 2020 – first sold to US domestic investors in 17 years. Best Corporate and Institutional Advisor in China - Global 2016-2019 • Blockbuster fu ndraising for consumer sector leaders:Tencent Holdings USD 10 billion ((The Asset Magazine) Block Trade in 2018 and Alibaba Group Holding Limited USD 7 billion bond sale in 2017 Best Foreign Wealth Management Bank in • Alibaba’s USD 12.9 billion secondary listing in 2019 – the largest equity deal in Hong Kong Mainland China 2018-2020 since 2010 which made Alibaba the biggest listed company there (WEALTH ) • Yum China USD 2.2 billion listing; Nongfu Spring USD 1.1 billion IPO Best Bank for Advising Chinese Institutions on Belt & Road 2019 Best International Corporate and • Sealed over USD 11 billion China Cross-border M&A deals in 2020, including the largest Investment Bank in China 2019 Chinese outbound M&A announced since 2019 and Volkswagen’s landmark acquisition of (Asia Money) a strategic stake in A-share listed Gotion Best International Bank 2019 • Leader in ESG financing: Citi was the Joint Global Coordinator on Bank of China priced 2019 Best Equity and Debt Deals Buyside its global multi-branch ESG bonds, including a US$500mm bond and a EUR500mm bond Financial Advisor on ‘Deal of the via its Luxembourg Branch, and a US$500mm bond via its Singapore Branch. Citi was the Year’ (Finance Asia China Awards) Joint Global Coordinator on China Construction Bank’s US$1.15bn Sustainability Linked Bond and a Joint Bookrunner on the EUR 800mm Green Bond, issued via its Hong Kong Top Bank Among Best Corporate Citizens and Luxembourg Branches, respectively. In ECM, led back-to-back equity placements for (3BL Media) Xinyi Solar, the world’s largest solar glass manufacturer. International Pioneer Financial Institution Award 2018 • Leader in ESG advisory: Joint Global Coordinator and advised ESG disclosure for CNPC, (International Finance News) Sinopec and Yili totaling US$5.8bn issuance amount. Outstanding Foreign Bank 2013-2020 (jrj.com) KEY CAPABILITIES #2 Most Attractive Bank Employer in China 2018 • Global solutions and China opportunities: Hedging on/offshore for Chinese companies, (Universum) management of FX exposure through Citi's global network. Active market maker in China’s interbank FX market; trade RMB options (since 2011); Among the first banks with China Open-end Wealth Manage-ment access to China’s CIPS payments system (2015); license to provide futures margin Product Award 2018 deposit service to QFII and RQFII clients (since 2018). Best Charitable Practice 2018 (Lujiazui Financial City Development • Custodian for China investments: Citi offers custody services for international stock Bureau, China Business Network, and bond investors on major channels into the onshore market. Assets under custody for Shanghai) QFII jumped 60% and 35% on CIBM Direct in 2020. Citi facilitated the first batch of CSR Best Practice Award 2020 securities borrowing, lending and margin financing for QFII investors in 2020. Responsible Finance Award 2019 • Full service in the world's 2nd largest bond market: Cross-border ‘Bond Connect’ Best Community Program Award Market Maker, holder of PBOC’s Type A Bond Settlement Agent license, Nafmii’s license 2018-2019 to underwrite interbank corporate bonds (since 2017); one of two foreign quoting banks (China Charity Festival) for Loan Prime Rate (LPR).