Approval to hold a stake in a financial sector company of more than 15%

Financial Sector (Shareholdings) Act 1998

SINCE:

1. China Everbright Bank Co., Ltd ABN 69 322 403 457 (CEB) is a financial sector company under the Financial Sector (Shareholdings) Act 1998 (the Act);

B.            the persons named in the Schedule (the applicants) have applied to the Treasurer under section 13 of the Act for approval to hold a greater than 15% stake in CEB as specified in the Schedule; and

C.            I am satisfied that it is in the national interest to approve the applicants holding a stake in CEB greater than 15% as specified in the Schedule,

I, Mark Adams, a delegate of the Treasurer, under section 14 of the Act, APPROVE the applicants holding a 70% stake in CEB.

This approval has effect from the date it is signed and remains in force indefinitely. Dated: 20 December 2018

[Signed]

………………… Mark Adams

Executive General Manager Specialised Institutions Division

Schedule – the person(s) who applied for approval

1. The Government of the People’s Republic of China
2. Central Huijin Investment Ltd.
3. China Everbright Group Limited
4. Central Huijin Asset Management Ltd.
5. China Reinsurance (Group) Corporation
6. China Life Reinsurance Company Limited
7. Everbright Financial Holding Asset Management Co., Ltd.
8. China Everbright Holdings Co., Ltd.
9. China Everbright Industry (Group) Co., Ltd.
10. Meiguang Enyu (Shanghai) Properties Company Limited
11. China Everbright Limited
12. China Everbright Investment and Asset Management Company Limited
13. Overseas Chinese Town Enterprises Company

Note: By operation of subsection 19(3) of the Act, if a company holds an approval to hold a stake in CEB of more than 15%, each officer of the company is taken to hold an approval to hold the same percentage stake in CEB.