CMBC Announcement

Announcement on the Progress of CMBC’s Overseas Investment

2008-12-20

The Bank obtained the remittance license from the Beijing Branch of the State Administration of Foreign Exchange (SAFE) on December 18, 2008, approving the Bank to increase its shares in UCBH with a payment of USD 29,899,115.10.

According to the agreement the Bank entered into with UCBH (please refer to the announcement on the Bank’s overseas investment on October 8, 2007), the Bank will make second phase investment in UCBH by purchasing 6,164,766 shares of UCBH at a price of USD 4.85 per share (as of December 17, 2008, the closing price of UCBH on the NASDAQ was USD 5.26), totaling the Bank’s shareholding to 9.9% of UCBH’s total capital stock. The total amount of this investment, to be paid in cash, is about USD 29.899 million or Rmb 0.204 billion, accounting for 0.4% of the Bank’s net assets as of June 30, 2008.

The investment in UCBH resulted in 0.03% decrease of the Bank’s capital adequacy ratio as at the end of June 2008.

For details, please refer to the China Securities Journal, Shanghai Securities News and Securities Times on October 8, 2007.

Board of Directors

China Minsheng Banking Corp., Ltd.

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