Central Huijin Subscribed to 60 Billion Non-Publicly Traded Common Shares of Hengfeng Bank

On December 30, 2019, Central Huijin signed a share subscription agreement with Hengfeng Bank to subscribe to 60 billion non-publicly traded common shares of Hengfeng Bank at the price of CNY 1 per share, bringing Central Huijin's share in Hengfeng Bank to 54% after the issuance of shares.

Central Huijin's investment will significantly increase Hengfeng Bank's capital strength and its capabilities to serve the real economy and avert risks. Going forward, Central Huijin will tap into its own advantages to help Hengfeng Bank ameliorate corporate governance and realize high-quality and sustainable development.