As considered and approved at the First Extraordinary General Meeting of 2020 of China Construction Bank Corporation (the "Bank") held on 12 November 2020, the Bank proposed to issue qualified write-down tier-2 capital instruments. The term of validity of the resolution is from the date of approval by the shareholders' general meeting to 31 March 2022. The Bank has recently received the Approval from the China Banking and Insurance Regulatory Commission in respect of the Issuance of Tier-2 Capital Bonds by China Construction Bank (Yin Bao Jian Fu  No. 552) and the Affirmative Decision on Administrative Approval from the
People 's Bank of China (Yin Xu Zhun Yu Jue Zi  No. 110), pursuant to which the Bank has been approved to publicly issue tier-2 capital bonds of an amount not exceeding RMB145 billion in the domestic inter-bank bond market. The Bank will perform its obligation of information disclosure regarding the issuance of tier-
2 capital bonds in accordance with relevant regulatory requirements. After the completion of the issuance, the tier-2 capital bonds will be traded and circulated in the domestic inter-bank bond market pursuant to relevant regulations.