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. Bank of Jiujiang Co., Ltd.* 九江銀行股份有限公司* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock code: 6190) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 The board of directors (the “Board”) of Bank of Jiujiang 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 31 December 2020 (the “Annual Results”). This results announcement is in compliance with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) in relation to information to accompany the preliminary announcement of annual results. The Annual Results have been reviewed by the Board and the audit committee of the Board. This results announcement is published on the HKEXnews website of the Hong Kong Stock Exchange (www.hkexnews.hk) and the website of the Bank (www.jjccb.com). The 2020 annual report will be dispatched to the Bank’s H shareholders in due course and will be published on the aforesaid HKEXnews website of the Hong Kong Stock Exchange as well as the website of the Bank. By order of the Board Bank of Jiujiang Co., Ltd.* Liu Xianting Chairman Jiangxi, the People’s Republic of China 30 March 2021 As at the date of this announcement, the Board comprises Mr. Liu Xianting and Mr. Pan Ming as executive directors, Mr. Zeng Huasheng, Mr. Zhang Jianyong and Mr. Li Jianbao as non-executive directors, Mr. Chua Alvin Cheng-Hock, Ms. Gao Yuhui, Mr. Quan Ze and Mr. Yang Tao as independent non-executive directors. * Bank of Jiujiang 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. - 1 - 2 Company Profile 7 Accounting Data and Financial Indicator Highlights 11 Management Discussion and Analysis 87 Changes in Share Capital and Information on Shareholders 101 Information on Directors, Supervisors, Senior Management, Staff and Institution 132 Corporate Governance Report Contents 187 Report of the Board of Directors 205 Report of the Board of Supervisors 213 Significant Issues 217 Independent Auditor’s Report 227 Consolidated Statement of Profit or Loss and other Comprehensive Income 229 Consolidated Statement of Financial Position 231 Consolidated Statement of Changes in Equity 232 Consolidated Statement of Cash Flows 235 Notes to the Consolidated Financial Statements 371 Definition Company Profile 1. Basics Legal name in Chinese: Registered address and office address: 九江銀行股份有限公司* No. 619 Changhong Avenue, Lianxi District, Jiujiang, Jiangxi Province, China Legal name in English: (Postal code: 332000) Bank of Jiujiang Co., Ltd.* Principal place of business in Hong Kong: Legal representative: 40/F, Dah Sing Financial Centre, 248 Queen’s LIU Xianting (劉羨庭) Road East, Wan Chai, Hong Kong Authorized representatives: Contact details: PAN Ming (潘明), WONG Wai Chiu(黃偉超) Tel: +86(792) 7783000-1101 Fax: +86(792) 8325019 Board secretary: Email: [email protected] WANG Li (王琍) Website: http://www.jjccb.com Complaint and customer service hotline: +86 Company secretary: 95316 WONG Wai Chiu (黃偉超) PRC auditor: H-share exchange: KPMG Huazhen LLP The Stock Exchange of Hong Kong Limited International auditor: Stock short name: KPMG BANKOFJIUJIANG PRC legal advisor: Stock code: JunHe LLP (北京市君合律師事務所) 6190 Hong Kong (PRC) legal advisor: Unified social credit code: Clifford Chance 9136040070552834XQ H-share registrar and transfer office: License number for financial business operations: Computershare Hong Kong Investor Services B0348H236040001 Limited Registered capital: Domestic share depository: RMB2,407,367,200 China Securities Depository and Clearing Corporation Limited (CSDC) HKEXnews website of the Hong Kong Stock Exchange for publication of this report: http://www.hkexnews.hk * The Bank is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155th of the laws of Hong Kong), is not subject to the supervision of the Hong Kong Monetary Authority, and is not authorized to carry on banking and/or deposit-taking business in Hong Kong. 2 BANK OF JIUJIANG 2. About Us Approved by Wuhan Branch of the People’s Bank of China for establishment, Bank of Jiujiang Co., Ltd. (“Bank of Jiujiang” or the “Bank” or “our Bank” or “we”) was a regional commercial bank incorporated in November 2000 from eight urban credit cooperatives in Jiujiang City. In October 2008, the Bank officially changed its name to the Bank of Jiujiang Co., Ltd. On July 10, 2018, the Bank of Jiujiang was listed on the Main Board of the Hong Kong Stock Exchange (stock code: 6190). Over the past 20 years, staffs of Bank of Jiujiang, with unwavering faith, persistent pursuit, selfless dedication, and the mindset that success only comes through hard work, have endured through great hardships in order to realize the achievements that Bank of Jiujiang has today. From a handful of branches to 276 outlets, we are now a renowned bank with total assets of over RMB400,000 million. Meanwhile, Bank of Jiujiang consistently optimized its shareholder structure and introduced strategic investors such as Industrial Bank and Beijing Automotive Group to enhance its brand image. Bank of Jiujiang ranks 322nd among banks worldwide according to the rankings published in 2020 by The Banker, a globally authoritative journal in the United Kingdom, up by 5 places compared the previous year. Besides, the Bank has successively received numerous recognition including “National Advanced Grassroots Party Organization”, “National May Day Labour Award”, “Best National Small and Medium Commercial Bank” and “Exemplary Workplace for Talents in Jiangxi Province”. As of December 31, 2020, Bank of Jiujiang (including controlled county banks) has 4,227 full-time employees, with an average age of 29.78. Among which, 3,743 had undergraduate degrees or graduated from junior college, accounting for 88.55%, while 458 had master’s degrees (and above), accounting for 10.83%. We now have operation department of the head office, 13 branches and 262 sub-branches, successively led to establish 20 county banks such as Xiushui Jiuyin and Zhongshan Xiaolan. As a city commercial bank, Bank of Jiujiang was the first to realize the full coverage of cities with districts in Jiangxi Province. 2020 ANNUAL REPORT 3 Company Profile 3. Major awards in 2020 In January 2020, the Bank was awarded with the “core dealer” of the inter-bank local currency market in 2019 and the X-REPO trading mechanism innovation award. In January 2020, the Bank was awarded “Top 100 Clearing Companies of 2019 – Excellent Proprietary Dealer” and was first awarded “Best Improvement Institute for Local Debt Underwriting Banks”. In January 2020, the Bank was awarded the “UnionPay Card – Excellent Contribution in Product Promotion” by China UnionPay Co., Ltd. In March 2020, Shanghai Clearing House announced outstanding institutions in settlement and central counterparty clearing businesses in the year of 2019, and the Bank was awarded the “Excellent Award for Net Bond Sole Settlement” for the second consecutive year. In March 2020, in the “Top 100 China Banks Rankings of 2019” published by the China Banking Association, the Bank ranked 52nd, raised by 10 places compared to the previous year. In April 2020, the Bank was awarded two awards, namely “Improvement Award” on Promotion Award on QuickPass users, and “Excellence Award” on establishing scene of public buses issued by China UnionPay’s Jiangxi branch. In April 2020, the Export-Import Bank of China announced the list of institutions with outstanding performances in financial bonds underwriting and market making transactions in the last quarter of 2019 and the first quarter of 2020. The Bank ranked first in list of institutions with outstanding performance in market making transactions and 11th in list of institutions with outstanding performance in underwriting. In May 2020, the Bank ranked 1,825th in the top 2,000 global enterprises in 2020 released by Forbes. In May 2020, the Export-Import Bank of China announced the list of 2019 domestic RMB financial bond underwriting group awards, in which the Bank was awarded three awards, namely “Excellent Underwriter”, “Excellent Market Making Trader” and “Contribution Award on Recovery from the Epidemic”. In July 2020, in the list of “Top 1,000 World Banks for the year 2020” published by The Banker, a journal in the United Kingdom, the Bank ranked 322nd among the world banks and ranked 54th among the China’s banking industry. 4 BANK OF JIUJIANG In July 2020, the Bank’s net-value wealth management product “Jiu Ying Zeng Li No. 1 (久 贏增利1號)” was rated as a five-star (highest) cash management wealth management product by PY Standard, which is the only wealth management product in Jiangxi Province that won the award. In July 2020, the Bank was rated as “a tax credit A-level taxpayer” in 2019 by Jiangxi Provincial Tax Service of the State Taxation Administration. In July 2020, in the series of activities jointly carried out by the Jiangxi Working Committee of the Chinese Financial Worker’s Union, Jiangxi Banking Association and the Jiangxi Insurance Industry Association on the theme of “Inclusive Finance and Make Contribution”, our Bank’s retail loan product of “Moblile Easy loan – Business Quicken Loan (手機快活貸-經營快貸)” won the 2019 Golden Key Award for Jiangxi “Inclusive Finance and Make Contribution” in the new era.