China Minsheng Financial Holdg : SUPPLEMENTAL ANNOUNCEMENT DISCLOSEABLE TRANSACTION - SUBSCRIPTION OF CONVERTIBLE BONDS

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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 DISCLOSEABLE TRANSACTION - SUBSCRIPTION OF CONVERTIBLE BONDS

Reference is made to the announcement of China Minsheng Financial Holding Corporation Limited (the ''Company'') dated 16 August 2017 in relation to the subscription of the Convertible Bonds (the ''Announcement''). Unless otherwise stated, terms used in this announcement have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, the Terms and Conditions contains an automatic conversion mechanism under which, immediately before a qualified IPO of Issuer, the then total outstanding principal amount of the Convertible Bonds shall be converted into such number of Conversion Shares calculated in accordance with the Conversion Formula.

The Company would like to supplement that in the event that an qualified IPO of the Issuer pursuant to which an automatic conversion of the Convertible Bonds is triggered under the Terms and Conditions occurred and all of the Convertible Bonds in the aggregate principal amount of HK$620,000,000 are so converted, based on the Conversion Formula, the Company is expected to hold approximately 1.67% of the total issued share capital of the Issuer as enlarged by the allotment and issue of such Conversion Shares but not taking into account shares to be issued at the qualified IPO.

By order of the Board

China Minsheng Financial Holding Corporation Limited Li Huaizhen

Chairman

Hong Kong, 21 August 2017

As at the date of this announcement, the Board comprises (1) Mr. Chen Guogang, Mr. Wang Dongzhi, Mr. Ni Xinguang and Ms. Feng Xiaoying as executive directors; (2) Mr. Li Huaizhen as non-executive director; and (3) Mr. Chen Johnny, Mr. Lyu Wei, Mr. Ling Yu Zhang and Dr. Guan Tao as independent non-executive directors of the Company.