Press release:

BOC International and Baader Bank sign a Memorandum of Understanding

Hong Kong/Unterschleissheim, September 28, 2018: BOC International Holdings Limited ("BOCI"), one of the top Chinese investment banks in Hong Kong, and Baader Bank, one of the leading investment banks in the GSA-region (Germany, Austria, Switzerland), have signed a Memorandum of Understanding on supporting each other's business activities in their respective regions.

The signing of the Memorandum is a significant step in strengthening the mutual collaboration in a range of investment banking businesses, particularly in broadening the spectrum of Europe's Renminbi products and creating a conduit for European investors to access China's capital market.

"Our deep understanding of the China market allows us to develop best-in-class investment products and services for the China market" said Ms. Tong Li, CEO of BOCI. "But we need a trustworthy partner with strong market access in Europe to efficiently bring our products to European investors. Baader Bank is the ideal partner for us with their strong presence in the German-speaking region and being the market leader in trading financial instruments. Since 2015, BOCI has been working closely with Baader Bank on offering pioneering RMB products in Europe, including the distribution of the Europe's first RMB-denominated ETF and the first D-share transaction, which is targeted to be listed in the CEINEX in Frankfurt later this year" continues Tong Li.

"This Memorandum is a perfect demonstration of the willingness to establish a long-term relationship" said Oliver Riedel, member of the Board of Directors of Baader Bank. "We are looking forward to continue our pioneer work together" adds Nico Baader, Chairman of the Board of Directors of Baader Bank.

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About BOC International (BOCI)

BOCI, one of the first investment banks established in China, is one of the biggest and strongest Chinese investment banks in overseas markets. BOCI has a leading position in the Hong Kong capital market in terms of overall competitiveness.

BOCI was incorporated in Hong Kong on 10 July 1998, and its predecessor, China Development Finance Company (HK) Limited, was established in 1979. Having grown and prospered during the wave of China's reforms and opening-up over the past 39 years, BOCI has proved itself to be a trusted expert in the mainland market with deep insight into local conditions and a strong grasp of international regulations.

Headquartered in Hong Kong with offices in Beijing, Shanghai, Shenzhen, London, New York and Singapore, BOCI provides clients with a full range of investment banking products and services in both mainland China and overseas capital markets, including share issuance, merger and acquisition, bond issuance, fixed income, private banking, private equity, global commodities, asset management, equity derivatives, and leveraged and structured financing. It is one of the very few Chinese investment banks capable of providing international one-stop services in both the mainland China and Hong Kong markets. BOCI is a wholly owned subsidiary of Bank of China (3988.HK; 601988.SS).

About Baader Bank AG:

Baader Bank is the bank for the capital market. It allows its clients to access international capital markets and to invest in financial products in an effective, efficient and secure manner. The bank uses the latest innovations in the banking industry for products, processes and technology to generate added value for its clients. As a family-run, full-service bank with its headquarters in Unterschleissheim near Munich with 450 employees, it is active in the business lines of Market Making, Capital Markets, Multi Asset Brokerage, Asset Management Services, Banking Services and Research.

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