Final dividend for the year ended 31 December 2023 (Updated)

EF001 Disclaimer Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arisen from or in reliance upon the whole or any part of the contents of this announcement.Cash Dividend Announcement for Equity Issuer Issuer name CHINA MERCHANTS BANK CO. LTD.Stock code 03968 Multi-counter stock code and currency Not applicable Other related stock code(s) and Not applicable name(s) Title of announcement Final dividend for the year ended 31 December 2023 (Updated) Announcement date 26 June 2024 Status Update to previous announcement Reason for the update / change Updated (i) default currency and the amount in which the dividend will be paid; (ii) exchange rate and (iii) payment date Information relating to the dividend Dividend type Final Dividend nature Ordinary For the financial year end 31 December 2023 Reporting period end for the dividend declared 31 December 2023 Dividend declared RMB 1.972 per share Date of shareholders' approval 25 June 2024 Information relating to Hong Kong share register Default currency and amount in which the dividend will be paid HKD 2.162044 per share Exchange rate RMB 1 : HKD 1.096371 Ex-dividend date 03 July 2024 Latest time to lodge transfer documents for registration with share registrar for 04 July 2024 16:30 determining entitlement to the dividend Book close period From 05 July 2024 to 10 July 2024 Record date 10 July 2024 Payment date 06 August 2024 Computershare Hong Kong Investor Services Limited Shops 1712-1716 17th Floor Hopewell Centre Share registrar and its address 183 Queen’s Road East Wan Chai Hong Kong Page 1 of 3 v 1.1.1EF001 Information relating to withholding tax Details of withholding tax (including type of shareholders and applicable tax rate) applied to the dividends declared are set out in the table below. For further details please refer to the section headed "5.13 Taxes and Tax Deductions" in the 2023 annual results announcement of the Company dated 25 March 2024 Type of shareholders Tax rate Other relevant information (if any) Individual - non-resident i.e. registered address 10% The Company will withhold 10% outside PRC of the dividend to be distributed to the individual holders of H shares as individual income tax.However if otherwise set forth in relevant tax laws regulations and treaties the Company shall handle specifically in accordance with the collection and administration requirements of the taxation authorities.Enterprise - non-resident i.e. registered address 10% For non-resident enterprise outside PRC holders of H shares the Company will withhold 10% of the dividend as enterprise income tax according to the relevant tax laws and regulations. However if otherwise set forth in relevant tax laws regulations and treaties the Company shall handle specifically in accordance with the collection Details of withholding tax applied to the and administration requirements dividend declared of the taxation authorities.Investors of Northbound 10% For investors of Northbound Trading Trading the Company will withhold income tax at the tax rate of 10% and apply to the competent taxation authority for withholding declaration. For Northbound Trading investors who are tax residents of other countries or regions and the income tax rate for dividends and bonuses is lower than 10% as stipulated in the tax treaty signed between its domicile country or region and China the withholding of enterprise income tax shall be implemented in accordance with relevant tax laws and regulations.Investors of Southbound 20% For dividends received by Trading individual investors in Chinese mainland from investing in the Company's H shares through Southbound Trading the Company shall withhold individual income tax at the tax rate of 20%; dividends received by securities investment funds in Chinese mainland from investing in the Company's H shares through Southbound Trading shall be taxed as individual investors; the Company will not withhold income tax on dividends for corporate Page 2 of 3 v 1.1.1EF001 investors in Chinese mainland and the tax payable shall be declared and paid by the relevant enterprises themselves.Information relating to listed warrants / convertible securities issued by the issuer Details of listed warrants / convertible securities issued by the issuer Not applicable Other information Other information Not applicable Directors of the issuer As at the date of this announcement the Executive Directors of the Company are Wang Liang and Zhu Jiangtao; the Non- executive Directors of the Company are Miao Jianmin Sun Yunfei Zhou Song Zhang Jian and Chen Dong; and the Independent Non-executive Directors of the Company are Wong See Hong Li Menggang Liu Qiao Tian Hongqi Li Chaoxian and Shi Yongdong.Page 3 of 3 v 1.1.1