China Construction Bank : 29 Apr 2022FIRST QUARTER REPORT OF 2022

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中國建設銀行股份有限公司

CHINA CONSTRUCTION BANK CORPORATION

(A joint stock company incorporated in the People's Republic of China with limited liability)

Stock Code: 939

FIRST QUARTER REPORT OF 2022

The board of directors (the "Board") of China Construction Bank Corporation (the "Bank") is pleased to announce the unaudited consolidated results of the Bank and its subsidiaries (collectively the "Group") for the period ended 31 March 2022, prepared under the International Financial Reporting Standards (IFRS). This announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Important Notice:

• • The Board, the board of supervisors, directors, supervisors and senior management of the Bank warrant that the information in this quarterly report is truthful, accurate and complete and there are no false records, misleading statements or material omissions, and that they assume legal liability for such contents severally and jointly.

• • Ms. Liu Fang, non-executive director of the Bank, Mr. Kenneth Patrick Chung and Mr. William Coen, independent non-executive directors of the Bank, hereby warrant the truthfulness, accuracy and completeness of the financial information in this quarterly report.

• • The first quarter financial statements have not been audited.

1 Major Financial Information

1.1 Major accounting data and financial indicators

The financial information in this quarterly report is the consolidated results of the Group prepared under IFRS and expressed in RMB unless otherwise stated.

Three months

ended 31

March 2022

200,229

87,818

88,741

479,940

0.35

14.02

31 March 2022

32,012,252

2,673,273

1.2 Changes in major accounting data and financial indicators and the causes thereof

(In millions of

RMB unless otherwise stated)

Three months ended 31

March 2021

Change (%) Causes of the change

Net cash from operating activities

Mainly due to a large increase in net increase in deposits from customers and from banks and non-bank financial

479,940

253,365

89.43

institutions.

2 Particulars of Shareholders

2.1 Number of ordinary shareholders and particulars of shareholding

As at 31 March 2022, the Bank had 373,414 ordinary shareholders, including 333,719 A-share holders and 39,695 H-share holders. Particulars of shareholding of top ten ordinary shareholders of the Bank are as follows:

Unit: share
Total number of shares	Shareholding
Name of ordinary shareholder	Nature of shareholder	held	percentage (%)
142,590,494,651 (H-shares)	57.03
Central Huijin Investment Ltd.	State
195,941,976 (A-shares)	0.08
HKSCC Nominees Limited 1	Foreign legal person	93,853,979,809 (H-shares)	37.54
China Securities Finance Corporation
Limited	State-owned legal person	2,189,259,672 (A-shares)	0.88
State Grid Corporation of China 2	State-owned legal person	1,611,413,730 (H-shares)	0.64
Reca Investment Limited	Foreign legal person	856,000,000 (H-shares)	0.34
China Yangtze Power Co., Limited 3	State-owned legal person	657,296,730 (H-shares)	0.26
Hong Kong Securities Clearing Company
Ltd.	Foreign legal person	568,563,959 (A-shares)	0.23
Central Huijin Asset Management Ltd.	State-owned legal person	496,639,800 (A-shares)	0.20
China Baowu Steel Group Corporation
Limited	State-owned legal person	335,000,000 (H-shares)	0.13
Taiping Life Insurance Co., Ltd.－
Traditional－Ordinary insurance product－
022L－CT001SH	Others	168,783,482 (A-shares)	0.07

• 1. It includes H-shares of the Bank held by Temasek Holdings (Private) Limited. As at 31 March 2022, State Grid Corporation of China and China Yangtze Power Co., Limited held 1,611,413,730 H-shares and 657,296,730 H-shares of the Bank respectively, all of which were held under the name of HKSCC Nominees Limited. Save the aforesaid H-shares of the Bank held by State Grid Corporation of China and China Yangtze Power Co., Limited, 93,853,979,809 H-shares of the Bank were held under the name of HKSCC Nominees Limited.

• 2. As at 31 March 2022, the holding of H-shares of the Bank by State Grid Corporation of China through its subsidiaries was as follows: State Grid International Development Co., Ltd. held 296,131,000 shares, State Grid International Development Limited held 1,315,282,730 shares.

• 3. As at 31 March 2022, China Yangtze Power Co., Limited directly held 648,993,000 H-shares of the Bank, and held 8,303,730 H-shares of the Bank through its subsidiary China Yangtze Power International (Hong Kong) Co., Limited.

• 4. Central Huijin Asset Management Ltd. is a wholly-owned subsidiary of Central Huijin Investment Ltd. HKSCC Nominees Limited is a wholly-owned subsidiary of Hong Kong Securities Clearing Company Ltd. Apart from these, the Bank is not aware of any connected relation or concerted action among the aforesaid shareholders.

• 5. None of the shares held by the aforesaid shareholders were subject to selling restrictions. None of the aforesaid shares were pledged, labelled or frozen except that the status of the shares held under the name of HKSCC Nominees Limited was unknown.

2.2 Number of preference shareholders and particulars of shareholding

As at 31 March 2022, the Bank had 23 preference shareholders, all domestic preference shareholders. Particulars of shareholding of top ten domestic preference shareholders of the Bank are as follows:

Unit: share

Total number	Shareholding
Name of preference shareholder	Nature of shareholder	of shares held	percentage (%)
Shanghai Branch of Bank of China Limited	Others	90,000,000	15.00
Hwabao Trust Co., Ltd.	Others	86,140,000	14.36
Bosera Asset Management Co., Limited	Others	61,000,000	10.17
China Life Insurance Company Limited	Others	50,000,000	8.33
China Mobile Communications Group Co., Ltd.	State-owned legal person	50,000,000	8.33
Jiangsu International Trust Corporation Limited	Others	45,860,000	7.64
CITIC Securities Co., Ltd.	Others	38,520,000	6.42
Truvalue Asset Management Co., Limited	Others	27,022,000	4.50
GF Securities Asset Management (Guangdong) Co., Ltd.	Others	27,000,000	4.50
Postal Savings Bank of China Co., Ltd.	Others	27,000,000	4.50

• 1. Particulars of shareholding of the preference shareholders were based on the information in the Bank's register of preference shareholders. None of the aforesaid shares had restoration of voting rights of the preference shares, or were pledged, labelled or frozen.

• 2. The Bank is not aware of any connected relation or concerted action among the aforesaid preference shareholders, or between the aforesaid preference shareholders and the top ten ordinary shareholders.

3 Other Important Information

3.1 Highlights of operating results

3.1.1 Analysis of items in the statement of financial position

As at 31 March 2022, the Group's assets were RMB32,012,252 million, an increase of RMB1,758,273 million or 5.81% over the end of last year. The Group's liabilities were RMB29,314,072 million, an increase of RMB1,674,215 million or 6.06% over the end of last year.

The Group steadily advanced the "Three Major Strategies" of house rental, inclusive finance and FinTech. By the end of March 2022, the Group's comprehensive house rental service platform had provided a transparent trading platform for 15,600 enterprises and 39 million individual landlords and tenants; it had opened and operated 189 "CCB Home" long-term rental communities, participated in more than 400 indemnificatory housing projects in major cities across the country, and launched its indemnificatory housing APP in more than 60 cities. The Bank's loans for house rental business grew rapidly, with a loan balance of RMB162,822 million at the end of March 2022. The size of inclusive finance loans and the number of borrowers kept increasing as the Group continued to expand the inclusive finance strategy to cover more customers. Inclusive finance loans totalled RMB2,024,156 million, an increase of RMB150,473 million over the end of 2021. The number of inclusive financial loan borrowers reached 2.09 million, an increase of 153,300 over the end of 2021. Agriculture-related loans amounted to RMB2,668,775 million, an increase of RMB202,957 million over the end of 2021. The Group continued to build independent and controllable capacity under the FinTech strategy, and focused on developing the "binary star" APPs of mobile banking and "CCB Lifestyle" and building "three major middle platforms". CCB Life Insurance Co., Ltd. successfully launched the "new generation" insurance business system, contributing to new progress in the group-level integration. The Group accelerated the development of new finance ecology and scenarios, to effectively facilitate the digitalised operation across the bank.

Gross loans and advances to customers were RMB19,746,977 million, an increase of RMB939,147 million or 4.99% over the end of last year. Specifically, corporate loans, personal loans, discounted bills and accrued interest were RMB11,148,384 million, RMB8,093,079 million, RMB457,486 million and RMB48,028 million, respectively. Financial investments were RMB7,926,265 million, an increase of RMB284,346 million or 3.72% over the end of last year. The Bank focused on the national strategic goal of carbon peaking and neutrality, and vigorously promoted the green finance business. The Bank's green loans amounted to RMB2.26 trillion, up RMB297,222 million or 15.14% over the end of last year. It proactively conducted green bond investments with market-leading growth rate, which boosted more than RMB110 billion direct green financing in the first quarter 2022.