CSC Financial : COMPLETION OF US$500,000,000 INITIAL ISSUANCE OF NOTES UNDER US$3,000,000,000 GUARANTEED MEDIUM TERM NOTE PROGRAMME

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Notes to be issued have not been and will not be registered under the Securities Act, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Notes are being offered and sold only outside the United States and, in certain circumstances, to non-U.S. persons (as defined in Regulation S) in offshore transactions in compliance with Regulation S.

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

(Stock Code: 6066)

COMPLETION OF US$500,000,000 INITIAL ISSUANCE OF NOTES UNDER US$3,000,000,000 GUARANTEED MEDIUM TERM NOTE PROGRAMME

INTRODUCTION

Reference is made to the announcements of the Company dated 21 July 2020 and 29 July 2020 in relation to the establishment of the Programme and the pricing of the initial issuance of the Notes by the Issuer, an indirect wholly-owned subsidiary of the Company, under the Programme respectively.

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COMPLETION OF THE INITIAL ISSUANCE OF NOTES

The Board is pleased to announce that on 4 August 2020, the initial issuance of the Notes by the Issuer under the Programme was completed. The Notes are unconditionally and irrevocably guaranteed by the Company.

DEFINITIONS

In this announcement, unless the context requires otherwise, the following expressions shall have the following meanings:

Term	Definition
"Board"	the board of directors of the Company
"Company"	CSC Financial Co., Ltd. ( 中 信 建 投 証 券 股 份 有
	限 公 司), a joint stock company incorporated in the
	People's Republic of China with limited liability
"Hong Kong"	the Hong Kong Special Administrative Region of the
	People's Republic of China
"Issuer"	CSCIF Asia Limited, a BVI business company
	incorporated with limited liability in the British Virgin
	Islands and an indirect wholly-owned subsidiary of the
	Company
"Notes"	US$500,000,000 1.75 per cent. notes due 2025 issued
	by the Issuer and guaranteed by the Company under the
	Programme
"PRC"	the People's Republic of China excluding, for the
	purpose of this announcement, Hong Kong Special
	Administrative Region of the PRC, the Macau Special
	Administrative Region of the PRC and Taiwan region
"Programme"	the US$3,000,000,000 guaranteed medium term note
	programme established by the Issuer on 21 July 2020

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"Regulation S"	Regulation S under the U.S. Securities Act of 1933, as
	amended from time to time
"Securities Act"	the United States Securities Act of 1933, as amended
	from time to time
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"U.S." or "United States"	the United States of America
"US$"	United States dollars, the lawful currency of the United
	States
	By order of the Board
	CSC Financial Co., Ltd.
	Wang Changqing
	Chairman
Beijing, the PRC
4 August 2020

As at the date of this announcement, the executive Directors of the Company are Mr. WANG Changqing and Mr. LI Geping; the non-executive Directors of the Company are Mr. YU Zhongfu, Ms. ZHANG Qin, Ms. ZHU Jia, Mr. WANG Xiaolin, Mr. WANG Hao and Mr. XU Gang; and the independent non-executive Directors of the Company are Mr. FENG Genfu, Ms. ZHU Shengqin, Mr. DAI Deming, Mr. BAI Jianjun and Mr. LIU Qiao.

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