CMBC Announcement

Announcement on the 6th Extraordinary Meeting of the 4th Session BOD

2008-6-13

The 6th extraordinary meeting of the 4th session BOD of the Bank was convened in Beijing On June 12, 2008 and was presided by Chairman Dong Wenbiao. All 18 directors attended the meeting (12 in person and 6 entrusted others, Vice Chairman Zhang Hongwei and Lu Zhiqiang entrusted their voting rights to Chairman Dong Wenbiao, Tow Heng Tan entrusted his voting right to Wang Yugui, Huang Xi entrusted his voting right to Xing Jijun, Wang Songqi entrusted his voting right to Zhang Ke and Wu Zhipan entrusted his voting right to Gao Shangquan). 7 out of 9 supervisors participated in the meeting. The meeting complied with the regulations under the Company Law and the resolutions voted are legal and effective.

The meeting reviewed and passed the Resolution on the Re-auction of Some Stock Equity of Haitong Securities Held by the Bank.

The meeting agreed to implement the requirement of the regulatory authorities concerning prompt disposal of 134 million shares (before ex-rights) the Bank held in Haitong Securities. In accordance with the relevant authorization in the Resolution on the Disposal Plan for Some Stock Equity of Haitong Securities Held by the Bank adopted at the 2007 AGM, the meeting decided to carry out re-auction of the stock equity on June 30, 2008. The details of the auction are as the following:

1. Subject: 269 million shares (after ex-rights on May 22) the Bank held in Haitong Securities, or 3.26% of the total capital stock of Haitong Securites;
2. Initial bidding price: RMB11.68/share;
3. Method: Joint bid is allowed based on open bid and package auction.

Other authorizations in relation to the auction will be executed in compliance with the authorizations given in the resolution of the 2007 AGM.

Details of the auction will be announced separately before the auction.

Voting result: Affirmative: 18 votes; Negative: 0 vote; Abstention: 0 vote.

Board of Directors
China Minsheng Banking Corp., Ltd.

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