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SHENGJING BANK CO., LTD.* 盛京銀行股份有限公司* (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 02066)

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SHENGJING BANK CO., LTD.* 盛京銀行股份有限公司* (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 02066) 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. SHENGJING BANK CO., LTD.* 盛京銀行股份有限公司* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 02066) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019 The board of directors (the “Board”) of Shengjing Bank Co., Ltd. (the “Bank”) is pleased to announce the audited annual results (the “Annual Results”) of the Bank and its subsidiaries for the year ended 31 December 2019 prepared in accordance with the International Financial Reporting Standards (the “IFRSs”) promulgated by the International Accounting Standards Board and the proposed dividend arrangement for the year of 2019. The Board and the audit committee have reviewed and confirmed the Annual Results. The Annual Results are published on the website of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the website of the Bank (www.shengjingbank.com.cn). This announcement, which contains the full text of the 2019 annual report of the Bank (the “Annual Report”), complies with the disclosure requirements for an annual results announcement as stipulated in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Annual Report will be published on the website of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the website of the Bank (www.shengjingbank.com.cn), and will be despatched to the holders of H shares of the Bank in due course. By order of the Board Shengjing Bank Co., Ltd. ZHOU Zhi Joint Company Secretary Shenyang, Liaoning Province, China 27 March 2020 As at the date of this announcement, the executive directors of the Bank are QIU Huofa, WANG Yigong and WU Gang; the non-executive directors of the Bank are ZHANG Qiyang, LIU Yanxue, LI Jianwei, LI Yuguo, YUEN Wing Shing and ZHAO Weiqing; and the independent non-executive directors of the Bank are NI Guoju, KEUNG Chak, TAI Kwok Leung, Alexander, XING Tiancai and LI Jinyi. * Shengjing Bank Co., Ltd. is not an authorised 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 authorised to carry on banking and/or deposit-taking business in Hong Kong. Contents 1. Company Information 2 8. Directors, Supervisors, Senior 74 2. Financial Highlights 4 Management and Employees 3. Chairman’s Statement 7 9. Corporate Governance Report 91 4. Honours and Awards 9 10. Report of the Board of Directors 118 5. Management Discussion and 10 11. Report of the Board of Supervisors 125 Analysis 12. Social Responsibility Report 128 5.1 Analysis of Overall 10 13. Internal Control 130 Operations 14. Independent Auditor’s Report 132 5.2 Financial Review 12 15. Financial Statements 142 5.3 Business Overview 45 16. Notes to the Financial Statements 150 5.4 Risk Management 53 17. Unaudited Supplementary 302 5.5 Environmental Outlook and 59 Financial Information Development Strategy 18. Organisational Chart 306 6. Significant Events 61 19. The Statistical Statements of All 307 7. Change in Share Capital and 65 Operating Institution of Shengjing Shareholders Bank 20. Definition 323 * Shengjing Bank Co., Ltd. is not an authorised 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 authorised to carry on banking and/or deposit-taking business in Hong Kong. Chapter 1 Company Information COMPANY INFORMATION Legal Name in Chinese 盛京銀行股份有限公司 Abbreviation in Chinese 盛京銀行 Legal Name in English Shengjing Bank Co., Ltd. Abbreviation in English SHENGJING BANK Legal Representative QIU Huofa Authorised Representatives QIU Huofa and ZHOU Zhi Secretary to the Board of Directors ZHOU Zhi Joint Company Secretaries ZHOU Zhi and KWONG Yin Ping, Yvonne Registered and Business Address No. 109 Beizhan Road, Shenhe District, Shenyang, Liaoning Province, the PRC Contact Number 86–24–22535633 Website www.shengjingbank.com.cn Principal Place of Business in Hong Kong Unit 4105, 41/F, Office Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong Website of the Hong Kong Stock Exchange www.hkexnews.hk on which the H Share Annual Report is Published Place of Maintenance of the Annual Report Office of the Board of Directors and Supervisory Board of Shengjing Bank Stock Name Shengjing Bank 2 Shengjing Bank Co., Ltd. Chapter 1 Company Information Stock Code 02066 H Share Registrar and its Business Address Computershare Hong Kong Investor Services Limited Shops 1712–1716, 17th Floor, Hopewell Centre 183 Queen’s Road East, Wanchai, Hong Kong Legal Advisor as to PRC Laws and its Tian Yuan Law Firm Business Address 10/F, China Pacific Insurance Plaza 28 Fengsheng Hutong Xicheng District Beijing, the PRC Legal Advisor as to Hong Kong Law and its Freshfields Bruckhaus Deringer Business Address 55th Floor, One Island East, Taikoo Place Quarry Bay, Hong Kong Auditor and its Business Address KPMG 8th Floor, Prince’s Building 10 Chater Road Hong Kong 3 Chapter 2 Financial Highlights FINANCIAL HIGHLIGHTS Year-on- (Expressed in thousands of year change Renminbi, unless otherwise between 2019 stated) 2019 2018 and 2018 2017 2016 2015 Rate of change (%) Operating Results Interest income 44,944,020 42,805,495 5.0 42,277,528 36,055,533 31,479,529 Interest expense (28,594,168) (30,387,931) (5.9) (30,201,911) (22,837,867) (19,530,998) Net interest income 16,349,852 12,417,564 31.7 12,075,617 13,217,666 11,948,531 Net fee and commission income 1,155,436 626,699 84.4 1,612,758 1,913,907 1,204,189 Net trading gains/(losses), net gains/(losses) arising from investments, net foreign exchange gains/(losses) and other operating income 3,501,979 2,841,203 23.3 (438,692) 982,303 1,031,436 Operating income 21,007,267 15,885,466 32.2 13,249,683 16,113,876 14,184,156 Operating expenses (4,631,365) (3,945,215) 17.4 (3,617,442) (3,730,598) (4,102,162) Impairment losses on assets (10,233,200) (6,401,249) 59.9 (1,403,284) (3,675,411) (1,955,377) Operating profit 6,142,702 5,539,002 10.9 8,228,957 8,707,867 8,126,617 Share of profits of associates – – – – – – Profit before taxation 6,142,702 5,539,002 10.9 8,228,957 8,707,867 8,126,617 Income tax expense (704,641) (412,854) 70.7 (654,818) (1,829,575) (1,902,790) Net profit 5,438,061 5,126,148 6.1 7,574,139 6,878,292 6,223,827 Net profit attributable to equity shareholders of the Bank 5,443,224 5,128,717 6.1 7,580,055 6,864,520 6,211,334 4 Shengjing Bank Co., Ltd. Chapter 2 Financial Highlights Year-on- (Expressed in thousands of year change Renminbi, unless otherwise between 2019 stated) 2019 2018 and 2018 2017 2016 2015 Change Calculated on a per share basis (RMB) Basic and diluted earnings per share 0.90 0.88 0.02 1.31 1.18 1.07 Rate of change (%) Major indicators of assets/ liabilities Total assets 1,021,480,796 985,432,940 3.7 1,030,617,431 905,482,647 701,628,500 Of which: total loans and advances to customer(1) 457,202,375 376,597,360 21.4 279,513,418 235,416,650 195,460,365 Total liabilities 942,358,811 928,403,456 1.5 978,361,775 859,108,021 659,913,547 Of which: total deposits from customers(1) 641,428,191 514,166,997 24.8 473,580,808 415,246,159 402,379,086 Share capital 8,796,680 5,796,680 51.8 5,796,680 5,796,680 5,796,680 Equity attributable to equity shareholders of the Bank 78,555,532 56,457,868 39.1 51,681,375 45,794,429 41,268,528 Total equity 79,121,985 57,029,484 38.7 52,255,656 46,374,626 41,714,953 Change Profitability Indicators (%) Return on average total assets(2) 0.54 0.51 0.03 0.78 0.86 1.03 Return on average equity(3) 7.99 9.38 (1.39) 15.36 15.62 15.99 Net interest spread(4) 1.59 1.33 0.26 1.36 1.65 2.00 Net interest margin(5) 1.76 1.43 0.33 1.50 1.75 2.14 Net fee and commission income to operating income 5.50 3.95 1.55 12.17 11.88 8.49 Cost-to-income ratio(6) 21.31 24.13 (2.82) 26.22 19.31 19.04 Change Asset quality indicators (%) Non-performing loan ratio(7) 1.75 1.71 0.04 1.49 1.74 0.42 Allowance to non-performing loans(8) 160.90 160.81 0.09 186.02 159.17 482.38 Allowance to total loans(9) 2.82 2.75 0.07 2.77 2.78 2.01 5 Chapter 2 Financial Highlights FINANCIAL HIGHLIGHTS Year-on- (Expressed in thousands of year change Renminbi, unless otherwise between 2019 stated) 2019 2018 and 2018 2017 2016 2015 Change Capital adequacy indicators (%) Core Tier-one capital adequacy ratio(10) 11.48 8.52 2.96 9.04 9.10 9.42 Tier-one capital adequacy ratio(10) 11.48 8.52 2.96 9.04 9.10 9.42 Capital adequacy ratio(10) 14.54 11.86 2.68 12.85 11.99 13.03 Total equity to total assets ratio 7.75 5.79 1.96 5.07 5.12 5.95 Change Other indicators (%) Loan-to-deposit ratio(11) 71.28 73.24 (1.96) 59.02 56.69 48.58 Note: (1) Total balance of loans and advances to customers excludes interest receivables, total deposits from customers excludes interest payables.
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