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Huishang Bank Corporation Limited*

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

(Stock Code: 3698) ANNOUNCEMENT ON APPOINTMENT OF EMPLOYEE REPRESENTATIVE SUPERVISOR

Reference is made to the announcement of Huishang Bank Corporation Limited (the "Bank") dated August 12, 2014 (the "Announcement") in respect of the resignation of Mr. He Tao as an employee representative supervisor of the Bank. Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Announcement.
The Board is pleased to announce that, at the employee representatives' meeting of the Bank held on August 23, 2014, Ms. Zhou Tong ("Ms. Zhou") was elected as an employee representative supervisor of the third session of the Board of Supervisors. The resignation of Mr. He Tao as an employee representative supervisor took effect on August 23, 2014, upon the appointment of Ms. Zhou as his replacement employee representative supervisor.
The term of office of Ms. Zhou as employee representative supervisor has been effective since August 23, 2014. We expect the term to end in the employee representatives' meeting of the Bank to be held in 2016. Ms. Zhou, as an employee representative supervisor, does not receive remuneration from the Bank. Ms. Zhou will receive emoluments in accordance with her position in the Bank, including salary, bonus and allowance. Such emoluments are determined with reference to the staff remuneration policy of the Bank.
The biographical details of Ms. Zhou are as follows:
Ms. Zhou, aged 49, has served as the person in charge and General Manager of the Compliance Department of the Bank since March 2014. From July 1985 to December 1995, she had served as a committee member of the Education Commission in West Hefei, Anhui Province, and the Chief of the Audit Division thereof. From January 1996 to February 1997, she had served as Director of Treasury Services in West Hefei, Anhui Province, as well as Manager of the Hefei Guanghua Credit Union. During the period from April 1996 to February 1997, Ms. Zhou was also the Deputy Director of the West Hefei Municipal Finance Bureau in Anhui Province. From February 1997 to January 2007, she had served as Branch Manager of the Changjiang West Road branch and Mengcheng Road branch of the Hefei City Commercial Bank, as well as the Changjiang West Road branch of the Bank in Hefei, respectively. From January 2007 to March 2014, Ms. Zhou had also served the following positions in the Bank: Assistant to Branch Manager, Deputy Branch Manager, Deputy Branch Manager (presiding) and Branch Manager of the Anqing Branch. Ms. Zhou graduated from Nanjing University with a Bachelor's degree in National Economics in July 1991 and is a senior economist.
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Ms. Zhou has not held directorship or supervisorship in any other listed public companies or any other position in the Bank or its subsidiaries during the previous three years. Ms. Zhou does not have any relationship with any directors, supervisors, senior management or substantial shareholders of the Bank. Furthermore, Ms. Zhou has an interest in 167,974 shares of the Bank within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed above, there are no other matters relating to Ms. Zhou's appointment required to be disclosed pursuant to the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and there is no other information which needs to be brought to the attention of the shareholders of the Bank.
By order of the Board

Huishang Bank Corporation Limited Li Hongming

Chairman

Hefei, Anhui, China
October 21, 2014

As at the date of this announcement, the Board of Directors of the Bank comprises Li Hongming, Xu Demei, Wu Xuemin, Zhang Renfu and Ci Yaping, as executive Directors; Zhang Feifei, Zhu Jiusheng, Guo Shigang, Qian Zheng, Zhao Zongren, Wu Tian and Gao Yang as non-executive Directors; Au Ngai Daniel, Dai Genyou, Wang Shihao, Zhang Shenghuai, Fung Weichang and Zhu Hongjun as independent non-executive Directors.

* Huishang Bank Corporation Limited is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of 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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