Bank of Communications completes A share issuance

Bank of Communications (HKEX:3328) has completed the issuance of A shares under a specific mandate, the bank announced today. The issuance, involving 14,101,057,578 A Shares, represents approximately 15.96% of the bank's issued share capital immediately after completion. The shares were issued to the Ministry of Finance, CNTC, and CDIC at an adjusted price of RMB8.51 per share. This price reflects an adjustment for the final dividend approved at the extraordinary general meeting held on April 8, 2025. The net proceeds from the issuance totaled RMB119,940,554,882.23, and will be used to replenish the core tier 1 capital of the Bank.