Hong Kong Exchanges and Clearing Limited

FORM 2 - Corporate Substantial Shareholder Notice

Form Serial Number:

CS20220913E00402

1. Date of relevant event:

08/09/2022
(dd/mm/yyyy)

2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):

12/09/2022
(dd/mm/yyyy)

3. Stock code:

03968

4. Name of listed corporation:

China Merchants Bank Co., Ltd. - H Shares

5. Class of shares:

H Shares

6. Number of issued shares in class:

4,590,901,172

7. Name of substantial shareholder:

JPMorgan Chase & Co.

8. Registered office:

383 Madison Ave., New York, NY 10179, United States

9. Principal place of business in Hong Kong:

N/A

15. Exchange on which listed:

New York Stock Exchange

16. Name of listed parent and exchange on which parent is listed:

N/A

17. Details of relevant event:

Brief description of relevant event

Capacity in which shares were/are held

Number of shares bought/sold or involved

Currency of transaction

On Exchange

Off Exchange

Before relevant event

After relevant event

Highest price (per share)

Average price (per share)

Average consideration (per share)

Nature of consideration

Long position

1205	The percentage level of your interest in the shares has reduced because: you ceased to have a security interest in the shares

2201	Interest of corporation controlled by you

2201	Interest of corporation controlled by you

19,306,448

HKD

38.2000

38.0263

38.0944

3101

Cash

Short position

18. Total shares immediately before the relevant event:

	Total number of shares	Percentage figure (%)
Long position	336,077,060	7.32
Short position	86,835,135	1.89
Lending Pool	97,251,697	2.11

19. Total shares immediately after the relevant event:

	Total number of shares	Percentage figure (%)
Long position	316,770,612	6.89
Short position	70,494,293	1.53
Lending Pool	96,900,846	2.11

20. Capacity in which interests disclosed in Box 19 are held:

Capacity code

Number of shares

2201	Interest of corporation controlled by you

Long position	68,235,129
Short position	70,494,293

2102	Investment manager

Long position	151,548,958
Short position	0

2106	Person having a security interest in shares

Long position	85,679
Short position	0

2502	Approved lending agent

Long position	96,900,846
Short position	0

21. Further information in respect of derivative interests:

Derivatives code

Number of shares

4101	Listed derivatives - Physically settled

Long position	663,500
Short position	1,042,500

4102	Listed derivatives - Cash settled

Long position	84,150
Short position	2,908,950

4105	Unlisted derivatives - Physically settled

Long position	49,384
Short position	4,878,015

4106	Unlisted derivatives - Cash settled

Long position	45,777,500
Short position	22,094,598

22. Further information in relation to interests of corporations controlled by substantial shareholder:

Name of controlled corporation

Address and place of incorporation

Name of controlling person

% control

Direct interest (Y/N)

Number of shares

China International Fund Management Co., Ltd.

25th Floor, Aurora Plaza 99 Fu Cheng Road Pudong Shanghai 200120 China

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

49.00

Long position	300,000
Short position	0

JPMorgan Asset Management (Taiwan) Limited

20F & 21, No.1 Song Zhi Rd, Xin Yi District, Taipei City, Taiwan. Taipei 110 Taiwan (Province of China)

JPMorgan Asset Management (Asia) Inc.

100.00

Long position	3,033,600
Short position	0

J.P. Morgan SE

TaunusTurm Taunustor 1 Frankfurt am Main Frankfurt 60310 Germany

J.P. Morgan International Finance Limited

100.00

Long position	249,538
Short position	0

J.P. Morgan Securities LLC

383 Madison Ave. New York NY 10179 United States

J.P. Morgan Broker-Dealer Holdings Inc.

100.00

Long position	704,579
Short position	593,500

JPMORGAN CHASE BANK, N.A. - LONDON BRANCH

25 Bank Street Canary Wharf London E14 5JP England

JPMorgan Chase Bank, National Association

100.00

Long position	96,900,846
Short position	0

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

60 Victoria Embankment London EC4Y0JP England

JPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED

100.00

Long position	10,384,268
Short position	0

J.P. Morgan Investment Management Inc.

383 Madison Avenue New York NY 10179 United States

JPMorgan Asset Management Holdings Inc.

100.00

Long position	33,864,690
Short position	0

JPMorgan Asset Management (Japan) Limited

Tokyo Building, 7-3 Marunouchi 2 Chome, Chiyoda-ku, Tokyo 100 6432 Japan

JPMorgan Asset Management (Asia) Inc.

100.00

Long position	1,367,500
Short position	0

JPMorgan Chase Bank, National Association

1111 Polaris Parkway Columbus OH 43240 United States

JPMorgan Chase & Co.

100.00

Long position	6,836,502
Short position	0

JPMorgan Asset Management (Asia Pacific) Limited

21st Floor, Chater House, 8 Connaught Road Central, Hong Kong. Hong Kong Hong Kong

JPMorgan Asset Management (Asia) Inc.

99.99

Long position	95,737,000
Short position	0

J.P. MORGAN SECURITIES PLC

25 Bank Street Canary Wharf London E14 5JP England

J.P. MORGAN CAPITAL HOLDINGS LIMITED

100.00

Long position	67,392,089
Short position	69,900,793

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

60 Victoria Embankment London EC4Y0JP England

JPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED

100.00

Long position	300,000
Short position	0

JPMORGAN ASSET MANAGEMENT INTERNATIONAL LIMITED

60 Victoria Embankment London EC4Y0JP England

JPMorgan Asset Management Holdings Inc.

100.00

Long position	10,684,268
Short position	0

JPMorgan Asset Management Holdings Inc.

383 Madison Avenue New York NY 10179 United States

JPMorgan Chase Holdings LLC

100.00

Long position	144,687,058
Short position	0

JPMorgan Chase Holdings LLC

383 Madison Avenue New York NY 10179 United States

JPMorgan Chase & Co.

100.00

Long position	145,391,637
Short position	593,500

JPMorgan Asset Management (Asia) Inc.

383 Madison Avenue New York NY 10179 United States

JPMorgan Asset Management Holdings Inc.

100.00

Long position	100,138,100
Short position	0

J.P. Morgan International Finance Limited

383 Madison Avenue New York NY 10179 United States

JPMorgan Chase Bank, National Association

100.00

Long position	67,641,627
Short position	69,900,793

JPMorgan Chase Bank, National Association

1111 Polaris Parkway Columbus OH 43240 United States

JPMorgan Chase & Co.

100.00

Long position	164,542,473
Short position	69,900,793

J.P. Morgan Broker-Dealer Holdings Inc.

4 Chase Metrotech Center 4th Floor Brooklyn NY 11245 United States

JPMorgan Chase Holdings LLC

100.00

Long position	704,579
Short position	593,500

J.P. MORGAN CAPITAL HOLDINGS LIMITED

25 Bank Street Canary Wharf London E14 5JP England

J.P. Morgan International Finance Limited

100.00

Long position	67,392,089
Short position	69,900,793

23. Further information in relation to interests held by substantial shareholder jointly with another person:

Name of joint shareholder	Address	Number of shares

24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:

Names of trust	Address	Status code	Number of shares

25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):

Names of other parties	Address	Number of shares

Total number of shares in which a substantial shareholder is interested under sections 317 and 318

26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:

Names	Address	Relationship Code	Percentage (%)

27. Supplementary information:

28. Log/Serial Number of the previous form:

29. Number of concert party document(s) under section 317 attached/uploaded:

Date of filing this Form 2:

13/09/2022
(dd/mm/yyyy)