We Know, We Care

Shenzhen Development Bank

2012 1Q Report Release

Apr 2012

Highlights

Financial Results

Business Achievements

PAB Business Operations

Agenda

Looking Ahead

2

Highlights

2

3

At a Glance

Shenzhen Development Bank (“SDB”) was founded in

Shenzhen China 1987, listed in Shenzhen Stock Exchange

(Code: 000001) in 1991. Closing stock price was 15.71

Yuan as of 31st Mar 2012. Ping An Bank (“PAB”) originates

from Shenzhen Commercial Bank (“SZCB”). SZCB was

established on 22nd Jun 1995 and was the first city

commercial bank in China. Up to now, the merger is

approved by the EGMs of both two banks.

Since 3Q2011, the Company has prepared the

consolidated statements in accordance with Accounting

Standards for Business Enterprises. As of 31st Mar 2012,

consolidated total assets was RMB 1,368 bn, and net profit

was RMB 3,495 mn.

As of 31st Mar 2012, SDB and PAB had 399 outlets in 27

major cities across China, providing a broad range of

services to commercial, retail, and government customers.

Up to now, PAG and its related parties hold 52.38% of SDB

shares, becoming SDB’s controlling shareholder.

(RMB mn) Consolidated SDB

2012/3/31 2012/3/31

Total Assets 1,368,005 1,087,900

Total Loans 651,376 494,630

Total Deposits 914,810 697,275

NPL Ratio 0.68% 0.75%

1Q2012 1Q2012

Operating

Income 9,724 7,320

Net profit 3,495 2,776

Annualized

ROAA 1.04% 1.07%

Annualized

ROAE 17.11% 14.29%

Integrity、Professionalism、Service、Efficiency

Results Highlights - Consolidated

(RMB mn) 1Q2012 Change YoY

Operating Income 9,724 67%

Net Profit Attributed to

Shareholders of Parent Company 3,429 43%

Basic EPS (Yuan) 0.67 -3%

2012/3/31 Change YTD

Total Assets 1,368,005 9%

Total Deposits 914,810 8%

General Loans excl Bills 633,254 5%

Equity Attributed to Shareholders

of Parent Company 76,815 5%

NPL Ratio 0.68% 15bp

Provision Coverage Ratio 253% -67 pct points

BVPS Attributed to Shareholders

of Parent Company (Yuan) 14.99 5%

4

Note: the data for the same period of last year represented the sole data of SDB.

Results Highlights - SDB

(RMB mn) 1Q2012 Change YoY

Operating Income 7,320 26%

Net Profit 2,776 16%

Basic EPS (Yuan) 0.54 -22%

2012/3/31 Change YTD

Total Assets 1,087,900 10%

Total Deposits 697,275 9%

General Loans excl Bills 478,335 6%

Shareholders’ Equity 74,933 4%

NPL Ratio 0.75% 17bp

Provision Coverage Ratio 255% -71 pct points

BVPS (Yuan) 14.63 4%

5

6

Financial Results

1Q2012 Income Statement Summary

(RMB mn) 1Q2012

(Consolidated)

1Q2012

(SDB)

4Q2011

(SDB)

1Q2011

(SDB)

Change YoY (SDB)

Operating Income 9,724 7,320 6,536 5,815 26%

- Net Interest Income 7,955 6,024 5,715 5,104 18%

- Net Fee Revenue 1,448 992 768 482 106%

- Other Non Interest

Income 321 304 53 229 33%

Expenses (excl. Biz

Tax) 3,713 2,594 2,565 2,068 25%

Business Tax 860 672 630 446 51%

Profit before Provision 5,151 4,054 3,341 3,301 23%

Provisions 686 520 771 241 116%

Before Tax Profit 4,477 3,538 2,581 3,069 15%

Net Profit 3,495 2,776 2,061 2,402 16%

7

1Q2012 Income Statement Summary

1Q2012

(Consolidated)

1Q2012

(SDB)

2011

(SDB)

1Q2011

(SDB)

Change YoY (SDB)

Basic EPS (Yuan) 0.67 0.54 2.20 0.69 -22%

Diluted EPS (Yuan) 0.67 0.54 2.20 0.69 -22%

Cost Income Ratio

(excl. Biz Tax) 38.18% 35.43% 37.71% 35.56% -13bp

Income Tax Rate 21.93% 21.54% 21.50% 21.73% -19bp

Annualized ROAA 1.04% 1.07% 1.07% 1.07%* 0bp

Annualized ROAE 17.11% 14.29% 18.35% 18.35%* -406bp

8

*Note: the figures are actual data of Year 2011.

5,104 5,715 6,024

2.68% 2.43% 2.41%

4.04% 4.40% 4.47%

0%

4%

8%

0

3,000

6,000

9,000

1Q2011

4Q2011

1Q2012

Net Interest Margin Loan Deposit Spread

7,527 7,955

2.45% 2.47%

4.42% 4.50%

0%

4%

8%

0

3,000

6,000

9,000

4Q2011 1Q2012

Net Interest Margin Loan Deposit Spread

Consolidated SDB

Net Interest Income & Margin

9

Net Interest Income (RMB mn)

Net Interest Margin

Loan Deposit Spread

Net Interest Income (RMB mn)

Net Interest Margin

Loan Deposit Spread

1Q2012 Average Daily Balance and Spread (Consolidated)

1,218,554 1,293,184

5.61% 5.71%

0%

4%

8%

12%

0

500,000

1,000,000

1,500,000

4Q2011 1Q2012

1,146,473 1,218,210

3.36% 3.44%

0%

2%

4%

6%

0

500,000

1,000,000

1,500,000

4Q2011 1Q2012

598,900 618,152

6.85% 7.02%

0%

4%

8%

12%

0

300,000

600,000

900,000

4Q2011 1Q2012

819,682 864,359

2.43% 2.52%

0%

2%

4%

6%

0

400,000

800,000

1,200,000

4Q2011 1Q2012

10

AIEA

(RMB mn)

Yield on AIEA AIBL Cost on AIBL

ADB General Loans Loan Yield ADB Deposits Deposits Cost

1Q2012 Average Daily Balance and Spread (SDB)

773,355 933,183

1,005,864

4.83% 5.68% 5.74%

0%

4%

8%

12%

0

450,000

900,000

1,350,000

1Q2011 4Q2011 1Q2012

733,508 881,030

951,711

2.28%

3.45% 3.52%

0%

2%

4%

6%

0

450,000

900,000

1,350,000

1Q2011 4Q2011 1Q2012

403,465 449,710 465,390

5.72% 6.83% 6.98%

0%

4%

8%

12%

0

250,000

500,000

750,000

1Q2011 4Q2011 1Q2012

562,681 619,861 660,754

1.69%

2.43% 2.51%

0%

2%

4%

6%

0

300,000

600,000

900,000

1Q2011 4Q2011 1Q2012

11

AIEA

(RMB mn)

Yield on AIEA AIBL Cost on AIBL

ADB General Loans Loan Yield ADB Deposits Deposits Cost

12

1Q2012 Asset Average Daily Balance, Yield (Consolidated)

1Q2012 4Q2011 Change QoQ

(RMB mn) ADB Yield ADB Yield ADB Yield

General Loans 618,152 7.02% 598,900 6.85% 3% 17bp

- Corporate Loans 419,131 7.17% 411,952 6.93% 2% 24bp

- Retail Loans 199,021 6.70% 186,948 6.67% 6% 3bp

Bonds 194,641 4.04% 191,950 3.85% 1% 19bp

Placement at Central

Bank 169,569 1.53% 145,061 1.52% 17% 1bp

Bill & IB 139,210 6.09% 139,216 6.00% 0% 9bp

Others 171,612 6.75% 143,427 6.60% 20% 15bp

AIEA 1,293,184 5.71% 1,218,554 5.61% 6% 10bp

13

1Q2012 Liability Average Daily Balance, Cost (Consolidated)

1Q2012 4Q2011 Change QoQ

(RMB mn) ADB Cost ADB Cost ADB Cost

Total Deposits 864,359 2.52% 819,682 2.43% 5% 9bp

- Corporate

Deposits 499,161 2.50% 485,699 2.44% 3% 6bp

- Guarantee

Deposits 221,285 2.58% 202,185 2.49% 9% 9bp

- Retail Deposits 143,913 2.50% 131,798 2.29% 9% 21bp

Bonds 16,126 6.25% 16,123 6.18% 0% 7bp

IB 274,666 5.28% 250,146 5.28% 10% 0bp

Others 63,059 7.27% 60,522 7.33% 4% -6bp

AIBL 1,218,209 3.44% 1,146,473 3.36% 6% 8bp

14

1Q2012 4Q2011 1Q2011 Change QoQ

(RMB mn) ADB Yield ADB Yield ADB Yield ADB Yield

General Loans 465,390 6.98% 449,710 6.83% 403,465 5.72% 3% 15bp

- Corporate

Loans 317,691 7.18% 312,140 6.92% 280,290 5.74% 2% 26bp

- Retail Loans 147,699 6.54% 137,570 6.62% 123,175 5.70% 7% -8bp

Bonds 138,504 3.95% 134,618 3.91% 99,123 3.28% 3% 4bp

Placement at

Central Bank 127,066 1.53% 106,154 1.53% 76,749 1.50% 20% 0bp

Bill & IB 108,154 6.12% 101,870 6.08% 178,879 5.24% 6% 4bp

Others 166,751 6.72% 140,831 6.58% 15,139 3.38% 18% 14bp

AIEA 1,005,864 5.74% 933,183 5.68% 773,355 4.83% 8% 6bp

1Q2012 Asset Average Daily Balance, Yield (SDB)

15

1Q2012 4Q2011 1Q2011 Change QoQ

(RMB mn) ADB Cost ADB Cost ADB Cost ADB Cost

Total Deposits 660,754 2.51% 619,861 2.43% 562,681 1.69% 7% 8bp

- Corporate

Deposits 359,242 2.47% 348,514 2.40% 334,486 1.74% 3% 7bp

- Guarantee

Deposits 187,721 2.42% 167,924 2.40% 142,503 1.54% 12% 2bp

- Retail

Deposits 113,791 2.79% 103,423 2.54% 85,692 1.74% 10% 25bp

Bonds 13,132 6.46% 13,129 6.50% 9,472 6.08% 0% -4bp

IB 217,750 5.37% 190,026 5.38% 155,843 4.10% 15% -1bp

Others 60,075 7.26% 58,014 7.31% 5,512 4.11% 4% -5bp

AIBL 951,711 3.52% 881,030 3.45% 733,508 2.28% 8% 7bp

1Q2012 Liability Average Daily Balance, Cost (SDB)

(RMB mn) 1Q2012 1Q2012 1Q2011 Change YoY

(Consolidated) (SDB) (SDB) (SDB)

Settlement Fee Income

WM Fee Income

Brokerage &

Trust Fee Income

Bank Card Fee Income

Consultant Fee Income

Account Management Fee Income

Other Income

Total Fee & Commission

Expenses

Total Net Fee &

Commission Income

16

1Q2012 Net Fee and Commission Income

Realized 106% Growth YoY

225 184 145 27%

137 97 35 177%

272 218 41 432%

491 260 149 74%

150 146 95 54%

113 11 11 0%

208 169 68 149%

148 93 62 50%

1,448 992 482 106%

2012/3/31 Key Balance Sheet Items

17

(RMB mn) 2012/3/31

(Consolidated)

2012/3/31 (SDB)

2011/12/31 (Consolidated)

Change YTD (Consolidated)

Change YTD % (Consolidated)

Total Assets 1,368,005 1,087,900 1,258,177 109,828 9%

Total Loans

(incl. Bills) 651,376 494,630 620,642 30,734 5%

Gen Loans 633,254 478,335 602,959 30,295 5%

Bills 18,122 16,295 17,683 439 2%

Total Liabilities 1,289,048 1,012,968 1,182,796 106,252 9%

Total Deposits 914,810 697,275 850,845 63,965 8%

Shareholders’

Equity 78,957 74,933 75,381 3,576 5%

BVPS (Yuan) 15.41 14.63 14.71 0.70 5%

29% 27%

71% 73%

0

300,000

600,000

900,000

2011/12/31 2012/3/31

Retail Loans

Commercial General Loans

Consolidated

General Loans & Growth

18

General Loans (excl. CC Receivable) (RMB mn)

SDB

30% 29% 28%

70% 71% 72%

0

300,000

600,000

900,000

2011/3/31 2011/12/31 2012/3/31

Retail Loans

Commercial General Loans

403,846 443,569 467,645

General Loans (excl. CC Receivable) (RMB mn)

578,246 607,499

16% 17% 17%

84% 83%

83%

0

400,000

800,000

1,200,000

2011/3/31 2011/12/31 2012/3/31

Retail Deposits

Commercial Deposits

18% 18%

82% 82%

0

400,000

800,000

1,200,000

2011/12/31 2012/3/31

Retail Deposits

Commercial Deposits

Consolidated

19

SDB

Deposits & Growth

Total Deposits (RMB mn)

640,585 582,716

850,845 914,810

697,275

Total Deposits (RMB mn)

33% 28% 26%

36% 37% 38%

6% 8% 8% 25%

27% 28%

0

400,000

800,000

1,200,000

1Q2011 4Q2011 1Q2012

Demand Deposits

Time Deposits (excl Negotiated dep)

MOF & Negotiated Deposits

Guarrantee Deposits

Consolidated

20

SDB

Deposits & Growth

30% 29%

38% 39%

7% 7%

25% 25%

0

400,000

800,000

1,200,000

4Q2011 1Q2012

Demand Deposits

Time Deposits (excl Negotiated dep)

MOF & Negotiated Deposits

Guarrantee Deposits

562,681 619,861

819,682 864,359

660,754

Total Deposits (Daily Average) (RMB mn) Total Deposits (Daily Average) (RMB mn)

CAR & CCAR

3.70% 3.71%

5.77%

8.58% 8.88%

10.19%

11.51% 11.63%

3.71% 3.68%

5.77%

5.27% 5.52%

7.10%

8.46%

8.63%

11.08% 11.12%

9.91% 9.96%

0%

4%

8%

12%

Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11

CAR (Consolidated)

CCAR (Consolidated)

CAR (SDB)

CCAR (SDB)

21

22

(RMB mn) 2012/3/31

(Consolidated)

2012/3/31

(SDB)

2011/12/31

(Consolidated)

Change YTD

(Consolidated)

Normal 642,251 487,676 612,937 5%

Special Mention 4,677 3,246 4,410 6%

Total NPL 4,448 3,708 3,295 35%

- Sub Standard 2,840 2,562 1,744 63%

- Doubtful 867 673 893 -3%

- Loss 741 473 658 13%

NPL Ratio 0.68% 0.75% 0.53% 15bp

Loan Provision 11,269 9,456 10,566 7%

Provision

Coverage Ratio 253% 255% 321% -67 pct points

Asset Quality

23

Loans by Industries & Credit Quality

2012/3/31

(Consolidated) NPL ratio

2012/3/31

(SDB) NPL ratio

2011/12/31

(Consolidated) NPL ratio

Manufacturing (Light Industry)

22.57% 1.24% 23.69% 1.38% 21.62% 0.78%

Commercial 18.29% 1.17% 20.64% 1.33% 17.24% 0.99%

Real Estate 6.01% 0.14% 4.98% 0.22% 5.90% 0.54%

Service, Technology, Culture and Sanitary Industries

7.72% 0.27% 6.82% 0.18% 8.33% 0.27%

Construction 4.22% 0.08% 3.75% 0.12% 4.44% 0.09%

Other (Retail Loans)

30.03% 0.44% 29.09% 0.31% 31.21% 0.36%

Bills 2.78% 0.00% 3.29% 0.00% 2.85% 0.07%

Others* 8.38% 0.27% 7.74% 0.38% 8.41% 0.22%

Note: Others includes: agriculture, husbandry and fisheries, Extraction (Heavy industry), Energy, Transportation, storage and communication.

1Q2012 Loan Impairment Provisioning

(RMB mn) Consolidated SDB

Asset Provisions at 2011/12/31 10,566 8,919

+ Provisions (including Non-loans Impairment Provisions) + 686 + 521

- Interest Offset of Impaired Provisions - 31 - 30

- Provisions for Non-loans - 22 - 19

+ Collections of Written-offs Loans + 69 + 65

- Write-offs - 0 - 0

+ Others + 1 + 0

= Ending Asset Provision Balance at 2012/3/31 = 11,269 = 9,456

24

25

Asset Quality – Corporate Loans

2012/3/31

(Consolidated)

2012/3/31

(SDB)

2011/12/31

(Consolidated)

Change YTD

(Consolidated)

(RMB mn) Amount NPL Amount NPL Amount NPL NPL

Corporate

Loans 460,127 0.78% 355,105 0.92% 430,702 0.60% 18bp

- General

Loans 442,005 0.81% 338,810 0.96% 413,019 0.63% 18bp

- Bills 18,122 0.00% 16,295 0.00% 17,683 0.07% -7bp

Trade

Finance 253,250 0.30% 244,056 0.31% 233,356 na na

26

Asset Quality – Retail Loans

2012/3/31

(Consolidated)

2012/3/31

(SDB)

2011/12/31

(Consolidated)

Change YTD

(Consolidated)

(RMB mn) Amount NPL Amount NPL Amount NPL NPL

Retail Loans

(excl. CC

Receivable)

165,494 0.31% 128,835 0.26% 165,227 0.25% 6bp

- Mortgage 73,020 0.21% 61,452 0.17% 75,373 0.19% 2bp

- Business

Loans 45,166 0.40% 36,973 0.39% 43,353 0.31% 9bp

- Car Loans 13,466 0.24% 13,439 0.23% 12,705 0.23% 1bp

- Others 33,842 0.42% 16,971 0.32% 33,796 0.32% 10bp

CC

Receivable 25,755 1.37% 10,690 1.04% 24,713 1.10% 27bp

1Q2012 SM & NPL Balance & Percentage by Region

27

In 1Q2012, except for East and North Region where both NPLs and NPL ratio went up slightly, the other regions

saw stabilizing and declining SM loans, NPL balance and %.

1,535 1,336

50 360

1,782 1,459

50 71 0

1,000

2,000

3,000

East South West North

2011/12/31 2012/3/31

SM Loan Balance

(RMB mn)

Percentage

NPL Balance

(RMB mn)

NPL ratio

983

809

92

479

1,752

867

90

699

0

600

1,200

1,800

East South West North

2011/12/31 2012/3/31

1.00% 1.11% 0.96% 0.98%

0.13% 0.12%

0.43%

0.08%

1.20%

0.80%

0.40%

0.00%

3.00%

2.00%

1.00%

0.00% 0.64%

1.09%

0.58% 0.58% 0.25% 0.22%

2.61%

0.75%

1Q2012 Change of SM and NPL

28

285

73

-252

-300

-200

-100

0

100

200

300

400

Catering & accommodation

industry

Transportation, warehousing and

postal service

Other industries

754

324

-95

-200

0

200

400

600

800

Manufacturing Wholesale & retailing

Other industries

SM and NPL Balance (by customer)

(RMB mn)

Change of SM Loan (by industry)

(RMB mn)

Change of NPL (by industry)

(RMB mn)

415 490

2,853 3,098

1,409 860

0

2,000

4,000

6,000

SM Loan Balance NPL Balance

Enterprises (large-sized) SME Others

4,677 4,448

Note: “Others” mainly included retail loans and CC.

29

Business Achievements

Corporate Business Highlights

30

• Corp deposit balance increased by 7% versus year-beginning level; and corporate loan balance grew by 7% versus year-beginning level.

Scale Growth

• TF scale expanded quickly but NPL ratio maintained low at 0.30%;

• In 1Q2012, “HQ-to-HQ” supply chain finance business channel expansion demonstrated good developments; newly acquired 12 core customers, which made the total number of core customers 180.

TF

• Corp. WM established 371 products and total sales scale reached RMB 35.5 bn, bringing fee-based business income of RMB 9.36 mn;

• International and off-shore settlement volume increased by 23% YoY; fee-based business income from international and off-shore businesses grew by 15% YoY; FX sales and settlement increased by 16% YoY.

Other Businesses

31

Corporate Business – Loans and Deposits

General Corporate Loans (RMB mn) Corporate Deposits (RMB mn)

284,215

314,180 338,810

413,019

442,005

0

200,000

400,000

600,000

2011/3/31 2011/12/31 2012/3/31

SDB

Consolidated

489,087 530,498

575,557

698,565

746,405

0

300,000

600,000

900,000

2011/3/31 2011/12/31 2012/3/31

SDB

Consolidated

32

Trade Finance Business

Total Trade Finance (RMB mn) Trade Finance (by Geography)

Client No. of Trade Finance (number)

193,828

224,635 244,056 233,356

253,250

0

100,000

200,000

300,000

2011/3/31 2011/12/31 2012/3/31

SDB

Consolidated

East

25%

South

35%

West

10%

North

30%

8,034

9,921 9,773 10,125 10,037

0

4,000

8,000

12,000

2011/3/31 2011/12/31 2012/3/31

SDB

Consolidated

Domestic

86%

Interna-

tional

14%

Retail Business Highlights

33

• Accumulated issuance of WM business totaled RMB 170 bn, fee income from WM products up 138% YoY.

WM Business

• Total fund sales reached RMB 1.6 bn, increasing by an evident 61% compared with the same period last year;

• Bancassurance counter business brought premium of RMB 330 mn; FPM/IPS project brought premium of RMB 9.4 mn and agency fee income of RMB 8.42 mn;

• Agency referral of Trust products reached RMB 1.8 bn, up 137% YoY.

Cross-Selling

• As of the end of 1Q2012, personal loan balance (excluding CC) of the Group totaled RMB 165.5 bn, increasing by 300 mn from year-beginning level;

• Adjust business strategy and shift focus to credit loan and make it an important engine to drive personal loan growth.

Personal Loans

34

Retail Business – Loans

Retail Loans (excl C/C)

Retail Business Loans

Home Mortgage Loans Car Loans

(RMB mn)

119,631 129,389 128,835

165,227 165,494

0

60,000

120,000

180,000

2011/3/31 2011/12/31 2012/3/31

SDB Consolidated

23,191

36,229 36,973 43,353 45,166

0

20,000

40,000

60,000

2011/3/31 2011/12/31 2012/3/31

SDB Consolidated

66,863 63,629 61,452

75,373 73,020

0

30,000

60,000

90,000

2011/3/31 2011/12/31 2012/3/31

SDB Consolidated

10,856 12,663 13,439 12,705 13,466

0

6,000

12,000

18,000

2011/3/31 2011/12/31 2012/3/31

SDB Consolidated

35

Credit Card & Micro Finance

Credit Card Business

Credit Card Receivable (RMB mn) No. of Credit Cards in Circulation (k)

The Group continued to make progress in the establishment the system of Micro Finance. Greater investments were continuously made in institutional structuring, staff deployment, risk control system and ancillary resources.

As at the end of 1Q2012, the balance of micro loans of the Group increased by 6% to RMB 50.9 bn from the beginning of the year, and NPL ratio was 0.58%. The balance of personal working capital loans increased by RMB 2.3 bn to RMB 41.9 bn from the beginning of the year and accounted for 81% of the overall business growth of micro finance.

Micro Finance

5,956

9,621 10,690

24,713 25,755

0

10,000

20,000

30,000

2011/3/31 2011/12/31 2012/3/31

SDB Consolidated

3,140 3,950

4,590

8,420 9,040

9,640

0

5,000

10,000

2011/3/31 2011/12/31 2012/3/31

SDB Consolidated

In 1Q2012, 900,000 new cards were issued; asset quality continued to improve, NPL ratio was 1.37％. In 1Q2012, CC launched

a series of diversified marketing campaigns like “swipe cards to gain gifts in the Year of Dragon”, “swipe cards everyday to gain a

rebate”, which received positive response from the market.

Treasury Inter-bank Business

36

• Proactively explore financial product cross-selling plan and strive to build an

integrated finance service platform serving various customer groups leveraging PAG resource.

Platform Building

• Launch over 60 3rd-party custody broker partners in total and cooperate with several banks in 3rd-party custody, precious metal agency and WM business and gradually set up a complete FI channel cooperation network.

Scale and Channel

• WM product issuance volume increases by 145% on YoY basis, WM pool’s existing volume increases by 118% on YoY basis and asset mgmt product’s daily average volume increases by 131% on YoY basis.

WM Business

• Precious metal agency business volume increases by 19% on YoY basis, agency business income increases by 4% on YoY basis and precious metal total income increases by 38% on YoY basis;

• Accumulative spot FX sales and settlement business volume increases by 40% on YoY basis.

Agency Business

37

PAB Business Operations

(RMB mn) 1Q2012 1Q2011 Change YoY

Operating Income 2,342 1,920 22%

- Net Fee Revenue 456 325 40%

Net Profit 716 669 7%

2012/3/31 2011/12/31 Change YTD

Total Assets 293,939 284,206 3%

Total Loans 156,746 150,740 4%

Total Deposits 217,534 210,260 3%

Shareholders’ Equity 19,057 18,246 4%

BVPS (Yuan) 2.21 2.12 4%

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Results Highlights - PAB

2012/3/31 2011/12/31 Change YTD

NIS 2.38% 2.32% 6bp

NIM 2.61% 2.51% 10bp

Cost Income Ratio 45.26% 48.82% -356bp

CCAR 9.51% 9.10% 40bp

CAR 11.54% 11.10% 44bp

LD Ratio 72.07% 71.04% 103bp

NPL Ratio 0.47% 0.37% 10bp

Provision Coverage Ratio 245% 296% -51 pct points

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Key Ratios - PAB

PAB Business Highlights

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• Work around Consumer Business Strategy to comprehensively plan/implement product/channel/service

strategies;

• Follow regulatory requirements to implement/roll out “7 prohibits” and “4 announcements” and improve

management capability/disciplined operating;

• Keep strengthening risk control, build innovative mechanism and brand, keep consolidating basic retail

platform;

• Retail deposit balance and loan balance reach 46.7bn and 36.7bn, representing growth of 11% and 2%

respectively from year beginning;

• Incremental deposit from cross selling accounts for about 35%, “Easy E Opening” project has been

launched successfully.

Retail Business

• CIF reaches 5.05million, AR reaches 15.1bn, number of card issuance in Q1 reached 130,000;

• Continue to leverage PAG integrated finance platform to aggressively expand cross selling. Design

products around distribution channel and characteristics of target customers. Build precise marketing

platform to conduct feature business operating toward different segments. Work around Consumer

Business strategy to launch joint brand promotion and marketing activities.

CC Business

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Looking Ahead

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Focus on the target of “BB”, proceed with the merger

and speed up SDB/PAB integration

Corporate – customer tiering, TF business, product optimization,

cross-selling

Retail – integrate resources, realize synergetic development,

diversify products, optimize structure

Treasury FI – adjust structure, diversify products,

improve competitiveness

Establish risk info. platform, and consolidate

risk management

Micro Finance and CC – strengthen the building of

channels by the leverage of integrated financial platform

2012 Key Initiatives

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Thank You !

IR Contact :ir@sdb.com.cn