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Bank' S Statement of Cash Flows for the Year Ended 31 December 2019

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Bank' S Statement of Cash Flows for the Year Ended 31 December 2019 Mission Inclusive finance delivers better life. Vision Build a service-oriented, value-creating, full-edged regional banking group with optimal experience and reputation. Core Values Sincerity Responsibility Creation Benet 1 Contents Important Notice 01 Definitions 02 Adhere to Customer-centricity Put customers at the center of all operation and management activities. Take "customer-centricity" as the Bank's core management concept, and reect it in strategy formulation, evaluation and assessment, resource alloca- Company Prole 03 tion, organizational structure, channels and processes, and sales and risk control. Answer, deal with and solve the three fundamental questions of "where are customers, how to acquire customers, and how to serve customers". Change the product-oriented sales and service mode dominated by deposits and loans, start from Honors and Awards 04 and focus on the needs, experience and development of customers in all the work. Business Highlights 05 Message from Leaders 07 1 1.1 Accounting Data and Financial Indicators Highlights 15 1.2 Business Overview 19 1.3 Management Discussion and Analysis 22 You could use the following ways to access to this report and performance information disclosed by the company. Printed Annual Download on Ocial WeChat Report Mobile Website Account Adhere t o Adhere t o Inclusive Finance Digital Transformation Take inclusive nance as the fundamental path towards practicing the mission of the Company, build the brand image of "Stay close to the people, facilitate the people and benet the people", adhere to the business positioning of serving "Agriculture, rural areas and farmers, small and micro enterprises, scientic and technological innovation enterprises, and community residents", clearly dene the business practice of "generating revenue from hard work and professionalism with integrity", and guide the business towards the fundamental purpose of nancial services. 2 3 2.1 Business Overview 59 3.1 Financial Statements and Report of The Auditors 115 2.2 Changes in Shares and Particulars of Shareholders 71 2.3 Directors, Supervisors, Senior Management, Employees and Organization 79 2.4 Corporate Governance 96 2.5 Financial Reports and Catalog of Documents Available for Reference 109 Important Notice The Board of Directors, the Board of Supervisors, directors, supervisors and the Senior Management members of the Company warrant that the information in this report is authentic, accurate and complete, contains no false record, misleading statement or material omission, and jointly and severally accept full responsibility for the information in this report. This Annual Report has been reviewed and approved at the meeting of the Board of Directors held on 10 April 2020. The number of directors who should attend the meeting is 19, with 16 directors attending the meeting in person. Non-executive director ZHOU Lei entrusted non-executive director WANG Tayu, non-executive director ZHANG Ke entrusted non-executive director ZHAO Ying, and independent director MAO Huigang entrusted independent director CHEN Naiwei to attend and vote on their behalves at the meeting. 4 supervisors attended the meeting as non-voting attendees. The 2019 nancial statements prepared by the Company in accordance with Chinese Accounting Standards ("CAS") have been audited by Deloitte & Touche CPAs(LLP) , who issued an unqualied opinion. Chairman of the Board of Directors XU Li, GU Jianzhong in charge of the Company's accounting and CHEN Nanhua in charge of the accounting rm warrant the authenticity, accuracy and completeness of the nancial statements in this report. The Board of Directors has reviewed and proposed a prot distribution plan for the reporting period: based on a total of 8,680,000,000 shares at the end of 2019, RMB 1.9 cash dividend per 10 shares (tax included) will be distributed to all shareholders, which amounts to RMB 1,649,200,000.00 (tax included) in total. This proposal is subject to the approval of the 2019 Annual Shareholders' Meeting. There is no misappropriation of the Company's funds by its controlling shareholders or other related-parties for non-operating purposes. The Company has no instance of providing external guarantee that is in breach of the established decision-making procedure. Disclaimers on forward-looking statements: the forward-looking statements that involve future plans and development strategies etc. do not constitute a substantive commitment by the Company to its investors. Investors and people concerned should be fully aware of the risks and understand the dierences between plans, forecast and commitment. Notice on major risks: the Company has no foreseeable major risks. Major risks of the Company's operation include credit risk, market risk, liquidity risk, and operational risk etc., and the Company has adopted various measures to eectively manage all types of risks. Please refer to the section "Management Discussion and Analysis" for details. 1 Definitions In this report, unless the context otherwise requires, the following terms shall have the meaning set out below: The Group/Group Shanghai Rural Commercial Bank Ltd. and subsidiaries under its control The Company/Parent Company/Company/the Bank/ Shanghai Rural Commercial Bank Ltd. Bank/SRCB Financial Leasing Company/Yangtze Financial Leasing Yangtze United Financial Leasing Co., Ltd. Company/Yangtze Financial Leasing Central Bank/ PBOC People's Bank of China China Accounting Standards Accounting Standard for Business Enterprises issued by the Ministry of Finance CBRC/former CBRC Former China Banking Regulatory Commission CBIRC China Banking and Insurance Regulatory Commission CSRC China Securities Regulatory Commission SASAC Shanghai Sate-owned Assets Supervision and Administration Commission of the State Council-Shanghai CBRC Shanghai Former China Banking Regulatory Commission - Shanghai CBIRC Shanghai China Banking and Insurance Regulatory Commission- Shanghai FTZ China Shanghai Pilot Free Trade Zone RMB Renminbi, the lawful currency of PRC Reporting period 1 January 2019 to 31 December 2019 There may be dierence between some of the total numbers and the direct sum of addends, which is a result of rounding o, not data error. This annual report is available in both Chinese and English, and the Chinese version shall prevail when there is ambiguity in the understanding of the English version. 2 Company Profile Basic Information Registered name in Chinese 上海农村商业银行股份有限公司 Abbreviated name in Chinese 上海农商银行 Registered name in English Shanghai Rural Commercial Bank Co., Ltd. Abbreviated name in English SRCB Legal representative XU Li Date of initial registration 23 August, 2005 Registered address No.70, Zhongshan No.2 Road (E), Huangpu District, Shanghai, China Postal code of registered address 200002 Oce address No.70, Zhongshan No.2 Road (E), Huangpu District, Shanghai, China Postal code of oce address 200002 Unied social credit code 913100007793473149 Company website http://www.srcb.com Email [email protected] Service & complaint hotline 021-962999 Contact Information Secretary to the Board of Directors Name YU Minhua Address No.70, Zhongshan No.2 Road (E), Huangpu District, Shanghai, China Telephone 021-61899999 Fax 021-50105180 Email [email protected] Information Disclosure and Provision Newspaper for Company Information Disclosure Shanghai Financial News Website for Publication of the Annual Report http://www.srcb.com Annual report Available at: Oce of the Board of Directors Other Relevant Information Name Deloitte & Touche CPAs(LLP) Oce address 30/F, Bund Center, No. 222 East Yan'an Road, Shanghai, China Certied Public Appointed auditor Accountants who signed HU Xiaojun, SU Yichen the auditor's report Name Beijing Junhe Law Firm Appointed legal advisor Oce address 20/F, China Resources Building, 8 Jianguomenbei Avenue, Beijing, China Name Shanghai Equity Exchange Equity trust Oce address Zhangjiang Center, 560 Songtao Road, Zhangjiang High-tech Park, Pudong New District, Shanghai 3 Honors and Awards Within the reporting period, the Company has won many honors and awards from events organized by domestic and overseas institutions. Domestic/overseas rankings 156th on the UK The Banker's list of "Top 1000 World Banks 2019", 22 places higher UK The Banker than that of 2018, the 24th among Chinese commercial banks 23rd on the "List of Top 100 among China Banking Industry in 2019" of China Banking Association, 2 places higher than that of 2018, ranking 2nd among Chinese rural China Banking Association commercial banks China Enterprise Confederation, China Enterprise 477th among the "2019 Top 500 Enterprises in China" Directors Association 38th among the "2019 Top 100 Enterprises in Shanghai" Shanghai Enterprise Directors Association, Jiefang Daily 44th among the "2019 Top 100 Service Enterprises in the Yangtze River Delta Region" Shanghai Enterprise Confederation Brand value 191st among the "Banking 500 2019", 32 places higher than that of 2018 UK The Banker Rating "BBB" long-term credit rating with a "stable" outlook, "A-2" short-term corporate Standard & Poor's Ratings Services credit rating by Standard & Poor's Ratings Services 2nd among urban rural commercial banks in 2018 "GYROSCOPE" rating China Banking Association Awards 3rd prize, 2018 Banking Technology Development Award PBOC 1st prize, Chinese Corporate Financial Institutions, 2018 Chinese Financial Institutions Shanghai Branch of PBOC Statistical Evaluation 2018 Outstanding Contribution Award for Inclusive Financial Service of Shanghai Banking Sector 2018
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