Jinshang Bank : CHANGE IN REGISTERED CAPITAL AND AMENDMENTS TO ARTICLES OF ASSOCIATION

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JINSHANG BANK CO., LTD.*

晉商銀行股份有限公司 *

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

(Stock Code: 2558)

CHANGE IN REGISTERED CAPITAL

AND

AMENDMENTS TO ARTICLES OF ASSOCIATION

References are made to the prospectus (the "Prospectus") and the announcements of Jinshang Bank Co., Ltd.* (the "Bank") dated February 26, 2019, June 27, 2019 and June 28, 2019, respectively. Unless otherwise defined herein, capitalized terms in this announcement shall have the same meanings defined in the Prospectus.

To reflect the changes in the total issued share capital of the Bank after the completion of the Global Offering and the partial exercise of the Over-allotment Option, pursuant to the authorization granted by the Shareholders' general meeting held on December 17, 2018 and further authorization granted by the board of directors (the "Board"), the chairman of the Bank has approved the corresponding change in the registered capital of the Bank and the amendments to the articles of association of the Bank (the "Articles of Association").

On October 31, 2019, the Bank received the approval from China Banking and Insurance Regulatory Commission Shanxi Office with respect to the change in the registered capital of the Bank from RMB4,868,000,000 to RMB5,838,650,000. On December 12, 2019, the Bank completed the registration and filing procedures with Shanxi counterparts of State Administration for Market Regulation of the PRC with respect to the change in registered capital of the Bank and the amendments to the Articles of Association.

Particulars of the amendments to the Articles of Association are as follows:

Article 5, which originally read as:

"The registered capital of the Bank: RMB[ ••• ]."

is amended as follows:

"The registered capital of the Bank: RMB5,838,650,000 (RMB5,838,650,000)."

Article 23, which originally read as:

"The Bank may issue [ ••• ] ordinary shares upon approval by the examination and approval department authorized by the State Council.

The equity structure of the Bank is: [ ••• ] ordinary shares, including [ ••• ] domestic shares, accounting for [ ••• ]% of the total shares of the Bank; [ ••• ] H Shares, accounting for [ ••• ]% of the total shares of the Bank."

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is amended as follows:

"The Bank may issue 5,838,650,000 ordinary shares upon approval by the examination and approval department authorized by the State Council.

The equity structure of the Bank is: 5,838,650,000 ordinary shares, including 4,868,000,000 domestic shares, accounting for approximately 83.38% of the total shares of the Bank; 970,650,000 H Shares, accounting for approximately 16.62% of the total shares of the Bank."

For the full text of the amended Articles of Association, please refer to the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Bank (www.jshbank.com).

Shareholders should be aware that the English version of the Articles of Association is the translation of the Chinese version. The Chinese version of the Articles of Association shall prevail in the case of any inconsistencies between the two versions.

By order of the Board

Jinshang Bank Co., Ltd.*

YAN Junsheng

Chairman

Taiyuan, December 13, 2019

As at the date of this announcement, the Board comprises Mr. YAN Junsheng, Mr. TANG Yiping, Mr. WANG Peiming and Mr. RONG Changqing as executive directors; Mr. LI Shishan, Mr. XIANG Lijun, Mr. LIU Chenhang, Mr. LI Yang and Mr. WANG Jianjun as non-executive directors; Mr. JIN Haiteng, Mr. SUN Shihu, Mr. WANG Liyan, Mr. DUAN Qingshan, Mr. SAI Zhiyi and Mr. YE Xiang as independent non-executive directors.

• Jinshang 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/deposit-taking business in Hong Kong.

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