Hanhua Financial : THE COMPANY RECEIVED A CONFIRMATION LETTER FROM SHAREHOLDER

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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)

THE COMPANY RECEIVED

A CONFIRMATION LETTER FROM

SHAREHOLDER

Hanhua Financial Holdings Co., Ltd. (the "Company") received "Confirmation letter regarding the control of Hanhua Financial Holdings Co., Ltd." from its shareholder Loncin Holdings Co., Ltd. ("Loncin Holdings"), the content of which is summarized as follows:

Loncin Holdings and its actual controller Mr. Tu Jianhua ("Mr. Tu") confirmed that: In December 2018, Loncin Holdings and Chongqing Huitai Investment Co., Ltd. ("Chongqing Huitai") terminated the "Acting in Concert Agreement" and Loncin Holdings reduced its shareholding in the Company to approximately 9.40%. Since then, Loncin Holdings and Mr. Tu have ceased to be the controlling shareholder and the actual controller of the Company. During the duration of the "Acting in Concert Agreement", Loncin Holdings and Mr. Tu provided full support to the Company's development strategy and major business decision-making opinions put forward by the Company's professional management team, and there was no violation of regulations by them to interfere with the professional management team's in the management and operation of the Company.

Loncin Holdings and Mr. Tu confirmed that since Loncin Holdings reduced its shareholding in the Company in December 2018, they will not cooperate with other shareholders including but not limited to Chongqing Huitai, or seek actual control of the Company in any other way.

Reference is made to the announcement of the Company dated 27 December 2018, as of the date of the announcement, Loncin Holdings holds 432,188,780 domestic shares of the Company, accounting for approximately 9.40% of the existing issued share capital of the Company, the Company's shareholding structure is not centralized, Mr. Tu is a non-executive director of the Company and there is no controlling shareholder or actual controller.

By order of the Board

Hanhua Financial Holdings Co., Ltd.

Zhang Guoxiang

Chairman of the Board

Chongqing, the PRC, 13 September 2020

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, 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

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