Weihai Bank: Share Issuance to Fuel Continued Growth

Weihai Bank Co., Ltd. proposes to issue up to 758,020,103 Domestic Shares and 153,834,000 H Shares to eligible subscribers at an issue price of 3.29 yuan per Share. The net proceeds, estimated at approximately 3,000 million yuan after expenses, will entirely supplement the bank’s core Tier 1 capital.

As of August 31, 2025, the Group’s core Tier 1 capital adequacy ratio was 8.12%. This issuance is expected to increase the ratio to approximately 9.33%. Shandong Hi-Speed Group and Shandong Hi-Speed will subscribe for a total of no more than 430,030,394 Domestic Shares, representing a connected transaction.

This transaction, along with proposed amendments to the Articles of Association, including the dissolution of the Board of Supervisors and a change of directors, will be put to a vote at the 2025 First Extraordinary General Meeting and Class Meetings on September 29, 2025.