Bank of Jiujiang : ANNOUNCEMENT ON THE COMPLETION OF THE ISSUANCE OF CAPITAL BONDS WITH NO FIXED TERM (SECOND TRANCHE)

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.*

*

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

(Stock Code: 6190)

ANNOUNCEMENT ON THE COMPLETION OF THE ISSUANCE OF CAPITAL BONDS WITH NO FIXED TERM (SECOND TRANCHE)

Reference is made to the announcement on the approval of the issuance of capital bonds with no fixed term dated 2 February 2021 of Bank of Jiujiang Co., Ltd.* (the "Bank") in relation to the public issuance of the capital bonds with no fixed term of not more than RMB7 billion in the China interbank bond market by the Bank with the approval from the China Banking and Insurance Regulatory Commission Jiangxi Bureau and the People's Bank of China.

The Bank is pleased to announce that it has successfully issued the "Capital Bonds with No Fixed Term (Second Tranche) of Bank of Jiujiang Co., Ltd. in 2021" (the "Bonds") in the China interbank bond market, and completed bond registration and custody in China Central Depository & Clearing Co., Ltd. The Bonds were book-built on 13 April 2021 and the issuance was completed on 15 April 2021. The size of issuance is RMB4 billion, and the denomination of the Bonds is RMB100 each, and the Bonds were issued at nominal value. The coupon rate is 4.80% during the first five years, and will be adjusted every five years. The issuer shall have a conditional redemption right on every dividend payment date from the fifth year onwards. Together with the "Capital Bonds with No Fixed Term (First Tranche) of Bank of Jiujiang Co., Ltd. in 2021" issued by the Bank, all capital bonds with no fixed term approved for issuance of the Bank have been issued.

The proceeds from the Bonds will be used to replenish the Bank's additional tier-1 capital in accordance with applicable laws and approvals by the regulatory authorities.

By Order of the Board

Bank of Jiujiang Co., Ltd.*

Liu Xianting

Chairman

Jiangxi, the PRC

15 April 2021

- 1 -

As at the date of this announcement, the Board of the Bank 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; and 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.

- 2 -