CMBC Announcement

Announcement of the Forth Board of Directors on the Resolution of the Twelfth Meeting

2007-9-12

The Company and its directors hereby guarantee that the content of the information disclosure is real, accurate and complete and shall be jointly and severally liable for any false record, misleading representation or material omissions.

The Twelfth Meeting of the Fourth Board of Directors of the Company was convened for voting through correspondence with the deadline on 10 September 2007. The notices of the meeting were issued via courier on 31 August 2007. Totally 18 voting forms were issued to all directors and all the forms were returned. The meeting was in compliance with the Company Law and the Company Articles of Associations. The resolutions adopted at the voting are lawful and effective.

The Meeting voted and passed the following resolutions:

I. The resolution on purchasing the CMBC Head Office building

The meeting agreed the plan to purchase the whole office building C1 of Fortune Time located at District H, Financial Street, Beijing with the total payment of 852.39 million yuan, plus the expenses of 146.124 million yuan for interior finish works, which will make the total investment not exceeding 998.514 million yuan (not including relevant taxes or fees). The management will be authorized for signing the Purchasing Agreement and go through all relevant formalities.
The voting results: Affirmative votes: 18; Negative votes: 0; Abstention: 0.

II. The resolution on the Company’s 2007-2009 Branches Setup Plan

The meeting passed the Company’s 2007-2009 Branches Setup Plan, which proposes to set up 5 -7 branch banks in the mid and eastern regions and will increase the number of branches in the western, the northeastern regions and in Hainan province; the short listed cities are: Changsha, Zhengzhou, Hefei, Nanchang, Changchun, Nanning, Shenyang, Hohhot, Harbin, Lanzhou and Urumchi. During the planning period about 150-180 new branches will be set up including 18 branches to operate over counties or city clusters.

The Board of Directors authorizes the management to make decision on the setup plans of each year and submit applications to CBRC for implementations after approval.

The voting results: Affirmative votes: 18; Negative votes: 0; Abstention: 0.

The Announcement is hereby made by

Board of Directors of China Minsheng Banking Corp. Ltd.
12 September 2007

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