Postal Savings Bank of China : ANNOUNCEMENT ON THE APPROVAL OF THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION FROM CBIRC

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.

POSTAL SAVINGS BANK OF CHINA CO., LTD.

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

(Stock Code: 1658)

(Stock Code of Preference Shares: 4612)

ANNOUNCEMENT ON THE APPROVAL OF THE

AMENDMENTS TO THE ARTICLES OF ASSOCIATION

FROM CBIRC

The 2020 first extraordinary general meeting of Postal Savings Bank of China Co., Ltd. (the "Bank") held on March 6, 2020 has reviewed and approved the proposal on the amendments to the Articles of Association of Postal Savings Bank of China Co., Ltd. Then the Bank made appropriate adjustments to the contents of the Articles of Association pursuant to the requirements of regulatory authorities and the authorization of the shareholders' general meeting.

The China Banking and Insurance Regulatory Commission has recently approved the above- mentioned amendments to the Articles of Association of the Bank. Please refer to the websites of the Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Bank (www.psbc.com) for the full text of the amended Articles of Association.

By order of the Board

Postal Savings Bank of China Co., Ltd.

Du Chunye

Joint Company Secretary

Beijing, PRC

August 28, 2020

As at the date of this announcement, the Board of the Bank comprises Mr. Zhang Jinliang as Chairman and Non-executive Director; Mr. Guo Xinshuang, Mr. Zhang Xuewen and Ms. Yao Hong as Executive Directors; Mr. Han Wenbo, Mr. Liu Yaogong, Mr. Liu Yue and Mr. Ding Xiangming as Non-executive Directors; Mr. Fu Tingmei, Mr. Wen Tiejun, Mr. Chung Shui Ming Timpson, Mr. Hu Xiang and Ms. Pan Yingli as Independent Non-executive Directors.

• Postal Savings Bank of China Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.