Hanhua Financial : ANNOUNCEMENT RULE 13.51B(2) AND RULE 13.51(2) OF THE LISTING...

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Hanhua Financial Holding Co., Ltd.*

瀚華金控股份有限公司

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

(Stock Code: 3903)

ANNOUNCEMENT

RULE 13.51B(2) AND RULE 13.51(2) OF THE LISTING

RULES

This announcement is made by Hanhua Financial Holdings Co., Ltd. (the "Company") in compliance with Rules 13.51B(2) and 13.51(2) of the Rules Governing the Listing of Securities on The Hong Kong Limited Stock Exchange (the "Listing Rules").

The board of the Company (the "Board") was recently informed, that the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (the "Shanghai Securities Regulatory Bureau") implemented an administrative supervision measure on Mr. Duan Xiaohua ("Mr. Duan"), a director of Shanghai Fenghua (Group) Co., Ltd. ("Fenghua Shares", a company incorporated in the PRC, whose shares are currently listed on the Shanghai Stock Exchange (stock code: 600615)), by issuing a warning letter (the "warning letter") to him. Mr. Duan currently is also a non-executive director of the Company.

According to the Decision of the Administrative Supervision Measures No. [2019] No. 54 issued by the Shanghai Securities Regulatory Bureau, Fenghua Shares' controlling shareholder and its related parties violated the relevant provisions of the Notice on Regulating the Capital Exchanges between Listed Companies and Related Parties and the Issues Concerning the External Guarantee of Listed Companies (CSRC Order [2003] No.56), Guidelines for the Governance of Listed Companies (CSRC Order [2002] No.1).

Fenghua Shares violated the relevant provisions of the Administrative Measures on Information Disclosure of Listed Companies (CSRC Order No. 40) and the Content and Format Guidelines for Information Disclosure of Companies Offering Public Offerings No. 3 - Contents and Formats of Semi-annualReports (CSRC Announcement [2017] No. 18).

As a director of Fenghua Shares and as such controlling shareholder's assistant to president and chief financial officer, Mr. Duan did not perform his duties diligently, and after he had been aware

of the above matter, he did not report to the board of directors of Fenghua Shares in a timely manner and did not cooperate with Fenghua Shares to fulfil its information disclosure obligations, which

violated Articles 3 and 40 of the Measures for the Administration of Information Disclosure of

Listed Companies. According to Articles 58 and 59 of such Measures, the Shanghai Securities Regulatory Bureau decided to implement an administrative supervision measure on Mr. Duan by issuing the warning letter to him.

For more details about the warning letter, please refer to the announcement of Fenghua Shares:

http://www.sse.com.cn/disclosure/listedinfo/announcement/c/2019-05-25/600615_20190525_1.pdf

Mr. Duan has confirmed to the Company that, except as disclosed in this announcement, there are no other matters that need to be brought to the attention of the shareholders of the Company or the Stock Exchange.

By order of the Board

Hanhua Financial Holding Co., Ltd.

Zhang Guoxiang

Chairman of the Board

Chongqing, the PRC, 24 May 2019

As at the date of this announcement, the executive directors of the Company are Mr. ZHANG Guoxiang, Mr. WANG Dayong and Mr. CUI Weilan; the non-executive directors of the Company are Mr. TU Jianhua, Mr. DUAN Xiaohua, Ms. LIU Jiaoyang, Ms. LIU Tingrong, Ms. WANG Fangfei, Mr. FENG Yongxiang and Mr. LIU Bolin; and the independent non-executive directors of the Company are Mr. BAI Qinxian, Mr. DENG Zhaoyu, Mr. QIAN Shizheng, Mr. NG Leung Sing and Mr. YUAN Xiaobin.

* For identification purpose only