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. Guangzhou Rural Commercial Bank Co., Ltd.* 廣州農村商業銀行股份有限公司* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock code: 1551) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2018 The board of directors (the “Board”) of Guangzhou Rural Commercial Bank Co., Ltd.* (the “Bank”) is pleased to announce the audited consolidated annual results of the Bank and its subsidiaries (the “Group”) for the year ended December 31, 2018 (the “Annual Results”). This results announcement contains the annual report of the Group for the year ended December 31, 2018 and the contents were prepared in accordance with the relevant disclosure requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) and the International Financial Reporting Standards. The Annual Results have been reviewed by the Board and the audit committee of the Board. This results announcement is published on the websites of the Bank (www.grcbank.com) and the Hong Kong Stock Exchange (www.hkexnews.hk). The annual report of the Bank for the year ended December 31, 2018 will be dispatched to shareholders of the Bank and will also be available at the abovementioned websites in due course. By Order of the Board Guangzhou Rural Commercial Bank Co., Ltd. * Wang Jikang Chairman Guangzhou, the PRC, March 28, 2019 As at the date of this announcement, the Board comprises two executive directors, namely Mr. Wang Jikang and Mr. Yi Xuefei; six non-executive directors, namely Mr. Li Fangjin, Mr. Su Zhigang, Mr. Shao Jianming, Mr. Zhang Yongming, Mr. Liu Guojie and Mr. Zhu Kelin; and five independent non-executive directors, namely, Mr. Liu Shaobo, Mr. Liu Heng, Mr. Song Guanghui, Mr. Zheng Jianbiao and Mr. Yung Hin Man Raymond. * Guangzhou Rural Commercial Bank Co., Ltd. is not an authorized 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 authorized to carry on banking and/or deposit taking business in Hong Kong. CONTENTS Company Profile 2 Summary of Financial Data 7 Chairman’s Statement 10 President’s Statement 11 Management Discussion and Analysis 13 Changes in Share Capital and Shareholders 54 Directors, Supervisors and Senior Management 62 Corporate Governance Report 74 Report of the Board of Directors 98 Report of the Board of Supervisors 109 Major Events 112 Report on Sannong Financial Services 114 Independent Auditor’s Report 125 Financial Statements and Accompanying Notes 133 Definitions 291 COMPANY PROFILE I. COMPANY PROFILE (I) Official Name 1. Official Chinese Name: 廣州農村商業銀行股份有限公司 (Abbreviated as “廣州農村商業銀行”) 2. Official English Name: Guangzhou Rural Commercial Bank Co., Ltd. (Abbreviated as “GRCB”) (II) Registered Capital: RMB9,808,268,539.00 (III) Legal Representative: Mr. Wang Jikang (IV) Authorized Representatives: Mr. Wang Jikang and Mr. Ngai Wai Fung (V) Joint Company Secretaries: Ms. Zheng Ying and Mr. Ngai Wai Fung (VI) H-Share Listing Stock Exchange: The Stock Exchange of Hong Kong Limited (VII) Stock Name and Code: GRCB (1551.HK) (VIII) Registered Address: No. 9 Yingri Road, Huangpu District, Guangzhou, PRC (IX) Principal Place of Business in Hong Kong: 40th Floor, Sunlight Tower, No. 248 Queen’s Road East, Wanchai, Hong Kong (X) Scope of Business: Monetary and financial services (XI) Contact Address: No. 1 Huaxia Road, Pearl River New Town, Tianhe District, Guangzhou, Guangdong Province, PRC Postal Code: 510623 Website: www.grcbank.com (XII) Place of Inspection of the Annual Report: Office of the Board of Directors of the Bank (XIII) Auditor: PricewaterhouseCoopers (XIV) Legal Advisor as to PRC Law: Guangdong Qiyuan Law Office (XV) Legal Advisor as to Hong Kong Law: King & Wood Mallesons (XVI) H-Share Registrar: Computershare Hong Kong Investor Services Limited (XVII) Domestic Shares Depository: China Securities Depository and Clearing Corporation Limited (XVIII) Other Relevant Information of the Company Date of Registration: 9 December 2009 Registration Authority: Guangzhou Administration for Industry and Commerce Unified Social Credit Code: 914401017083429628 Financial License Registration No.: B1048H244010001 Customer Service and Complaint Telephone No.: +8695313 Investor Relations Telephone No.: +86(020)28019324 Email Address: [email protected] 2 GUANGZHOU RURAL COMMERCIAL BANK Company PROFILE II. BRANCHES AND SUBSIDIARIES (I) Branches The following table sets forth the basic information of the branches of the Bank: Contact Postal telephone Facsimile No. Name of branch Business address code number number Remarks 1 Baiyun Sub-branch 1/F to 3/F, No. 466–472 Huangshi West Road, Baiyun District, 510425 020-86295397 NA — Guangzhou 2 Conghua Sub-branch 1/F and 2/F, No. 98 Hebin North Road, Chengjiao Subdistrict, 510900 020-87999606 NA — Conghua District, Guangzhou 3 Panyu Sub-branch No. 239 Qinghe East Road, Shiqiao Subdistrict, Panyu District, 511400 020-34619802 NA — Guangzhou 4 Haizhu Sub-branch 2/F, No. 173-1 Changgang Middle Road, Haizhu District, Guangzhou 510250 020-84278835 NA — 5 Huadu Sub-branch South Tower, No. 21 Gongyi Road, Xinhua Subdistrict, Huadu District, 510800 020-36911004 020-36911006 — Guangzhou 6 Huanan Xincheng East Side of Tangxi, Village Entrance, Yingbin Road South, Tangbuxi 511442 020-34693625 NA — Sub-branch Village, Nancun Town, Panyu District, Guangzhou 7 Huangpu Sub-branch No. 138 Fengle North Road, Huangpu District, Guangzhou 510700 020-32204220 NA — 8 Liwan Sub-branch No. 89 Huadi Avenue Central, Liwan District, Guangzhou 510380 020-81617655 NA — 9 Airport Economic Zone Renhe Village, Renhe Town, Baiyun District, Guangzhou 510470 020-86451956 NA — Sub-branch 10 Tianhe Sub-branch 1/F to 2/F, No. 335 Longkou West Road, Tianhe District, Guangzhou 510635 020-38477288 020-38478080 — 11 Zengcheng Sub-branch No. 88-15, 16, 17, 18, 19, 20, 21 and 22 Fuyou Road, Licheng 511300 020-32162530 NA — Subdistrict, Zengcheng District, Guangzhou, and Rooms 201, 202, 210 and 211, No. 55 Zuanshi Street, Hehui Square, Licheng Subdistrict, Zengcheng District, Guangzhou 12 Nansha Sub-branch 2/F, No. 2 Jixiang Road, Dongchong Town, Panyu District, Guangzhou 511453 020-34929060 NA — 13 Free Trade Zone Nansha No. 56 Xinxing Road, Wanqingsha Town, Nansha District, Guangzhou 511462 020-34929298 NA Branch Branch 14 Foshan Branch Rooms 103 and 104 on 1/F and Room 202 on 2/F of Tower 1, Rooms 528000 0757-82581028 0757-82581059 Branch outside 1603 to 1605 on 16/F and Rooms 1701 to 1708 on 17/F of Block 2, Guangzhou Tower 1, No. 26 Jihua First Road, Chancheng District, Foshan 15 Qingyuan Branch Shops on 1/F to 3/F, Block 1, Oriental Paris, No. 5 Fengxiang Avenue, 511500 0763-3910555 NA Branch outside Qingcheng District, Qingyuan Guangzhou 16 Zhaoqing Branch Shop 01 on 1/F and Shops 01-07 on 2/F, Cultural Innovation Building, 526040 0758-2812835 0758-2812835 Branch outside No. 5 Yuelong North Road, Ruizhou District, Zhaoqing, Guangdong Guangzhou Province 17 Heyuan Branch Rooms 1601-1602 and Rooms 101-102 on 1/F, Changhong Building 517000 0762-8808225 NA Branch outside (Changhong Financial Center), H Road West, Yanjiang Road North, Guangzhou Xueqianbaxiaoqu, Xinshi District, Heyuan (河源市新市區學前壩小 區沿江路北邊H路西邊長鴻大廈（長鴻金融中心）第1層101-102 號、1601-1602號) 18 Guangdong Free Trade B6 to B10 Penguin Hotel Commercial Street, Chimelong International 519031 0756-2993600 NA Branch outside Zone Hengqin Branch Ocean Tourist Resort, Fuxiang Bay, Hengqin New District, Zhuhai Guangzhou ANNUAL REPORT 2018 3 COMPANY PROFILE (II) Subsidiaries The following table sets forth the basic information of the subsidiaries of the Bank: Contact Postal telephone No. Company name Registered address code number 1 Beijing Mentougou Zhujiang County No. 8 Shilong South Road, Yongding Town, Mentougou District, 102300 010-60865137 Bank Co., Ltd. Beijing 2 Dalian Bonded Area Zhujiang Zone 3 on 1/F and Zone 2 on 8/F, Block E, International Trade 116600 0411-66771959 County Bank Co., Ltd. Center, No. 205 Huanghaixi Fourth Road, Dalian Bonded Area, Liaoning Province 3 Laiwu Zhujiang County Bank Co., Yanjie Building, No. 19 Daihuayuan, Longtan East Street, Laicheng 271100 0634-5662720 Ltd. District, Laiwu, Shandong Province 4 Yantai Fushan Zhujiang County No. 133-216 Fuhai Road, Fushan District, Yantai, Shandong 265500 0535-6319002 Bank Co., Ltd. Province 5 Laizhou Zhujiang County Bank No. 672 Wenhua East Street, Laizhou, Shandong Province 261400 0535-2750000 Co., Ltd. 6 Qingdao Chengyang Zhujiang No. 160-12 Zhengyang Middle Road, Chengyang District, Qingdao 266109 0532-67762806 County Bank Co., Ltd. 7 Haiyang Zhujiang County Bank No. 181 Haiyang Road, Haiyang, Shandong Province 265100 0535-3107730 Co., Ltd. 8 Zhengzhou Zhujiang County Bank No. 101-1, 1/F,No. 501-2, 5/F,No. 501-3, 5/F, Expo Building, No.8 450000 0371-89959016 Co., Ltd. Business Outer Ring Road, Zhengzhou Area (Zhengdong), Free Trade Zone, Henan Province 9 Xinyang Zhujiang County Bank Block 10, Intersection of Xinqi Avenue and Xinba Street, Yangshan 464000 0376-6199166 Co., Ltd. New District, Pingqiao District, Xinyang, Henan Province 10 Anyang Zhujiang County Bank Northeast Corner of the intersection of Wenfeng Avenue and 455000 0372-2223000 Co., Ltd. Chaoyang Road, Wenfeng District, Anyang, Henan Province 11 Huixian Zhujiang County Bank No. 838 East Section of Gongcheng Avenue, Huixian, Xinxiang, 453600 0373-6223005 Co., Ltd. Henan Province (河南省新鄉市輝縣市共城大道東段838號) 12 Jiangsu Xuyi Zhujiang County Bank 5-1001, Wuzhou International Plaza Phase II, Donghu South Road, 211700 0517-88558207 Co., Ltd. Xuyi County, Huaian, Jiangsu Province 13 Jiangsu Qidong Zhujiang County No. 605, 609 and 617 Jianghai Middle Road, Huilong Town, 226200 0513-83904316 Bank Co., Ltd.