THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult a stockbroker or other registered dealer in securities, a bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in China Huirong Financial Holdings Limited, you should at once hand this circular, together with the enclosed form of proxy, to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular. CHINA HUIRONG FINANCIAL HOLDINGS LIMITED 中 國 匯 融 金 融 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 1290) PROPOSED RE-ELECTION OF DIRECTORS AND PROPOSED GRANTING OF GENERAL MANDATES TO BUY BACK SHARES AND TO ISSUE SHARES AND NOTICE OF ANNUAL GENERAL MEETING A notice convening the Annual General Meeting of China Huirong Financial Holdings Limited to be held at the meeting room of the Company, 22/F, Cultural and Creative Building, No. 345 Baodai East Road, Suzhou, Jiangsu Province, PRC on Thursday, 28 May 2020 at 10:00 a.m. is set out in this circular. Whether or not you are able to attend the Annual General Meeting, please complete and sign the enclosed form of proxy for use at the Annual General Meeting in accordance with the instructions printed thereon and return it to the Company’s Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong as soon as possible but in any event not less than 48 hours before the time appointed for the Annual General Meeting (i.e. not later than 10:00 a.m. on Tuesday, 26 May 2020) or any adjournment thereof (as the case may be). Completion and return of the form of proxy will not preclude Shareholders from attending and voting in person at the Annual General Meeting if they so wish. This circular together with the form of proxy are also published on the websites of Hong Kong Exchanges and Clearing Limited (http://www.hkexnews.hk) and the Company (http://www.cnhuirong.com). References to time and dates in this circular are to Hong Kong time and dates. 22 April 2020 CONTENTS Page Definitions .......................................................................... 1 Letter from the Board 1. Introduction ................................................................ 3 2. ProposedRe-electionofDirectors ............................................ 4 3. ProposedGrantingofGeneralMandatetoBuyBackShares .................... 5 4. ProposedGrantingofGeneralMandatetoIssueShares ......................... 5 5. AnnualGeneralMeetingandProxyArrangement .............................. 5 6. Recommendation ........................................................... 6 Appendix I — Details of the Directors Proposed to be Re-elected at the Annual General Meeting ................................... 7 Appendix II — Explanatory Statement on the Share Buy-back Mandate .............. 13 Notice of Annual General Meeting ................................................... 16 – i – DEFINITIONS In this circular, unless the context otherwise requires, the following expressions shall have the following meanings: ‘‘Annual General Meeting’’ The annual general meeting of the Company to be held at the meeting room of the Company, 22/F, Cultural and Creative Building, No. 345 Baodai East Road, Suzhou, Jiangsu Province, PRC on Thursday, 28 May 2020 at 10:00 a.m. or any adjournment thereof for the purpose of considering and, if thought fit, passing the resolutions as set out in the notice convening the Annual General Meeting on pages 16 to 19 of this circular ‘‘Articles of Association’’ the articles of association of the Company currently in force ‘‘Board’’ the board of Directors of the Company ‘‘Company’’ China Huirong Financial Holdings Limited 中國匯融金融控股 有限公司, a company incorporated in the Cayman Islands with limited liability and the Shares of which are listed on the main board of the Stock Exchange ‘‘Director(s)’’ the director(s) of the Company ‘‘HK$’’ Hong Kong dollars, the lawful currency of Hong Kong ‘‘Hong Kong’’ the Hong Kong Special Administrative Region of the People’s Republic of China ‘‘Issuance Mandate’’ the general mandate proposed to be granted to the Directors to allot, issue or deal with additional Shares of not exceeding 20% of the total number of issued Shares of the Company as at the date of passing of the ordinary resolution No. 9 contained in the notice of Annual General Meeting ‘‘Latest Practicable Date’’ 15 April 2020, being the latest practicable date prior to the printing of this circular for ascertaining certain information in this circular ‘‘Listing Rules’’ the Rules Governing the Listing of Securities on the Stock Exchange as amended from time to time ‘‘PRC’’ the People’s Republic of China ‘‘SFO’’ the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong – 1 – DEFINITIONS ‘‘Share(s)’’ ordinary share(s) of HK$0.01 each in the issued share capital of the Company or if there has been a subsequent subdivision, consolidation, reclassification or reconstruction of the share capital of the Company, shares forming part of the ordinary equity share capital of the Company ‘‘Share Buy-back Mandate’’ the general mandate proposed to be granted to the Directors to buy back Shares on the Stock Exchange of not exceeding 10% of the total number of issued Shares of the Company as at the date of passing of the ordinary resolution No. 8 contained in the notice convening the Annual General Meeting on pages 16 to 19 of this circular ‘‘Shareholder(s)’’ holder(s) of Share(s) ‘‘Stock Exchange’’ The Stock Exchange of Hong Kong Limited ‘‘Takeovers Codes’’ the Codes on Takeovers and Mergers and Share Buy-backs published by the Securities and Futures Commission as amended from time to time ‘‘Wuzhong Group’’ Jiangsu Wuzhong Group Co. Limited* (江蘇吳中集團有限公 司) * For identification purpose only – 2 – LETTER FROM THE BOARD CHINA HUIRONG FINANCIAL HOLDINGS LIMITED 中 國 匯 融 金 融 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 1290) Executive Directors: Registered Office: Wu Min Cricket Square, Hutchins Drive Zhang Changsong P.O. Box 2681 Grand Cayman KY1-1111 Non-executive Directors: Cayman Islands Zhuo You Zhang Cheng Principal Place of Business in Zhang Shu the PRC and Head Office: Ling Xiaoming 22/F, 345 Baodai East Road, Suzhou, Jiangsu Province, PRC Independent Non-executive Directors: Zhang Huaqiao Principal Place of Business in Feng Ke Hong Kong: Tse Yat Hong 23/F, No. 238 Des Voeux Road Central, Hong Kong Hong Kong, 22 April 2020 To the Shareholders, Dear Sir/Madam, PROPOSED RE-ELECTION OF DIRECTORS AND PROPOSED GRANTING OF GENERAL MANDATES TO BUY BACK SHARES AND TO ISSUE SHARES AND NOTICE OF ANNUAL GENERAL MEETING 1. INTRODUCTION The purpose of this circular is to provide the Shareholders with information in respect of certain resolutions to be proposed at the Annual General Meeting. – 3 – LETTER FROM THE BOARD 2. PROPOSED RE-ELECTION OF DIRECTORS According to Articles 84(1) and (2) of the Articles of Association, at each annual general meeting, one-third of the Directors for the time being (or, if their number is not a multiple of three, the number nearest to but not less than one-third) shall retire from office by rotation provided that every Director shall be subject to retirement at the annual general meeting at least once every three years. Any Directors so to retire shall be those of the Directors subject to retirement by rotation who have been longest in office since their last re-election or appointment and so that as between persons who became or were last re-elected Directors on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot. In accordance with the Articles of Association and in the opinion of the Board, Mr. Zhuo You, Mr. Feng Ke and Mr. Tse Yat Hong will retire as Directors at the Annual General Meeting. All of the above Directors, being eligible, will offer themselves for re-election at the Annual General Meeting. Mr. Feng Ke and Mr. Tse Yat Hong, both as an independent non-executive Director, have actively attended the meetings of the Board and the Board committees held in the past years and the current financial year. Details of the attendance records are set out in the Corporate Governance Report contained in the 2019 Annual Report of the Company. Mr. Feng Ke and Mr. Tse Yat Hong also actively participated in the meetings of the Board committees of the Company held during the past six years. Throughout the past few years, Mr. Feng Ke and Mr. Tse Yat Hong have been holding the directorship in other listed companies, while they remained responsible for the performance of their functions and discharged their duties to the Company. Mr. Feng Ke and Mr. Tse Yat Hong have confirmed that they will continue to devote sufficient time for the discharge of their functions and responsibilities as an independent non- executive Director of the Company. With their background and experience, Mr. Feng Ke and Mr. Tse Yat Hong are fully aware of the responsibilities and expected time involvements in the Company. Based on the foregoing, the Board believes that the positions of Mr. Feng Ke and Mr. Tse Yat Hong held outside of the Company will not affect them in maintaining their current roles in, and their functions and responsibilities for, the Company. With reference to the qualifications and working experience of Mr.