China Minsheng Financial : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO DISCLOSEABLE TRANSACTION

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China Minsheng Financial Holding Corporation Limited

中 國 民 生 金 融 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 245)

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO

DISCLOSEABLE TRANSACTION

Reference is made to the announcement (the ''Announcement'') of China Minsheng Financial Holding Corporation Limited (the ''Company'') dated 20 December 2019 regarding the provision of a secured term loan in the principal amount of up to US$36,500,000 granted by the Lender to the Borrower constituting a discloseable transaction of the Company. Unless the context otherwise requires, capitalised terms in this announcement shall have the same meanings as defined in the Announcement.

This announcement is made to provide supplemental information on the identity of the Borrower and the background and financial standing of its ultimate beneficial owners.

The Borrower is Prosperity (Cayman) Limited, a special purpose vehicle incorporated in the Cayman Islands with limited liability. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, the Borrower is ultimately owned by the Guarantors, as to 79.12% by Mr. Tu Jun (涂俊), 19.78% by Mr. Bei Hong Jin (貝宏錦) and 1.10% by the Company, respectively. Each of the Guarantors is a businessman and a third party independent of the Company and its connected persons.

In assessing the financial standing of the Guarantors and the Borrower Group, the Company has considered, inter alia, (1) the leading position of the Borrower Group in the energy transportation business; (2) the solid financial results of the Borrower Group for the past three years; and (3) the dividend income to the Guarantors from the Borrower Group. Having considered the above, the Company is of the view that the Loan is fair and reasonable and is in the interest of the Company and its shareholders as a whole.

By Order of the Board

China Minsheng Financial Holding Corporation Limited

Tomohiko Watanabe

Chairman

Hong Kong, 31 December 2019

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As at the date of this announcement, the Board comprises (1) Mr. Tomohiko Watanabe, Mr. Ni Xinguang and Ms. Li Wei as executive Directors; (2) Mr. Wang Dongzhi as non-executive Director; and (3) Mr. Wang Yongli, Ms. Zhou Hui and Mr. Dong Hao as independent non- executive Directors.

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