BOCOM International : ANNOUNCEMENT ON ESTABLISHMENT OF BOCOM FINANCIAL TECHNOLOGY COMPANY LIMITED

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BOCOM INTERNATIONAL HOLDINGS COMPANY LIMITED

(incorporated in Hong Kong with limited liability)

(Stock Code: 3329)

ANNOUNCEMENT ON ESTABLISHMENT OF BOCOM FINANCIAL

TECHNOLOGY COMPANY LIMITED

This announcement is made by BOCOM International Holdings Company Limited (the "Company") (together with its subsidiaries, collectively the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 16 January 2020 in relation to the establishment of BOCOM Financial Technology Company Limited* (交銀金融科技 有限公司) ("BOCOM Financial Technology").

On 25 August 2020, BOCOM Financial Technology has completed the registration procedure. BOCOM Financial Technology has a registered capital of RMB600 million and its registered address is Lingang Special Area, China (Shanghai) Pilot Free Trade Zone. BOCOM Financial Technology is mainly engaged in software research and development, technology consulting and innovation, information system integration services and other businesses through the application of financial technology.

The establishment of BOCOM Financial Technology represents the Company's further expansion into FinTech and intelligent finance in order to cope with the complex internal and external environment and enhance technological empowerment and market competitiveness. The Company strives to open up new business fields by building its own FinTech development team to gradually realize digital and intelligent transformation, as well as integrate with the Company's other existing businesses, so as to better meet customers' needs for diversified and personalized financial services.

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BOCOM Financial Technology, as a subsidiary of the Company, is purported to provide financial technology services for the Group, Bank of Communications Co., Ltd. and its subsidiaries ("BOCOM Group") and the public. The services provided to the Group and BOCOM Group mainly include assisting the Group and BOCOM Group to realize digital and intelligent transformation, while the services provided to the public include the construction of open and ecological platforms.

Provision of financial technology services by BOCOM Financial Technology for BOCOM Group (other than the Group) will constitute connected transactions of the Company. The Company will strictly comply with the requirements of the Listing Rules regarding connected transactions and other relevant applicable legal and regulatory requirements.

• For identification purpose only

By Order of the Board

BOCOM International Holdings Company Limited

YI Li

Company Secretary

Hong Kong, 25 August 2020

As at the date of this announcement, the Board of the Company comprises Mr. TAN Yueheng and Mr. CHENG Chuange as Executive Directors; Ms. LIN Zhihong, Mr. SHOU Fugang and Ms. PO Ying as Non-executive Directors; Mr. TSE Yung Hoi, Mr. MA Ning and Mr. LIN Zhijun as Independent Non-executive Directors.

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