Hanhua Financial : VOLUNTARY ANNOUNCEMENT THE APPROVAL OF A SUBSIDIARY'S APPLIC...

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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)

VOLUNTARY ANNOUNCEMENT

THE APPROVAL OF A SUBSIDIARY'S APPLICATION FOR BECOMING A SUBSTANTIAL SHAREHOLDER OF TCG ASSET

MANAGEMENT BY SFC

This is a voluntary announcement made by Hanhua Financial Holding Co., Ltd (the "Company", together with its subsidiaries, the "Group") to keep its shareholders and investors informed of the latest business development of the Group.

We are pleased to announce that the Company received a response from the Securities and Futures Commission of Hong Kong ("SFC") for the approval of application for a subsidiary of the Company to become a substantial shareholder of TCG Asset Management Limited（態晟資產管理有限公司） ("TCG Asset Management"). The Group intends to commence the overseas asset management business channel through purchasing the entire shareholding of TCG Asset Management by the Group so as to enhance its business and service capabilities.

TCG Asset Management was established in April 2011 and obtained a license from SFC to carry out Type 9 regulated activities (asset management) under the Securities and Futures Ordinance in December 2013. After obtianed the license, TCG Asset Management is eligible to provide portfolio management services such as stocks, funds and bonds for domestic and overseas institutions.

The acquisition of TCG Asset Management is an important part of the Company's overseas investment. Upon completion of the acquisition, TCG Asset Management will continue its asset management business under the Company's support, including fixed income products, equity products and other businesses, and depending on the circumstances, the Company plans to expand TCG Asset Management's business to areas apart from Hong Kong including Mainland and Singapore. The Company intends that such business will launch the Company's overseas development, and also provide comprehensive assistance to the company to expand diversified overseas investment channels and render comprehensive services for domestic and overseas customers.

By order of the Board Hanhua Financial Holding Co., Ltd.

Zhang Guoxiang

Chairman of the Board

Chongqing, the PRC, 2 January 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