Bank of Gansu secures convertible deposit to boost capital

Bank of Gansu Co., Ltd. announced on September 30, 2025, that it has entered into an agreement for a convertible negotiated deposit with the Department of Finance of Gansu Province. This agreement, designed to replenish other tier-one capital, follows proposals approved at the bank's 2025 first extraordinary general meeting, 2025 first domestic share class meeting, and 2025 first H share class meeting.

The bank will enter into the agreement within twelve months from the date of approval at these meetings. The terms of the convertible negotiated deposit are consistent with those outlined in a circular dated September 4, 2025, which also details the different conversion cases. Further information regarding the deposit can be found in the aforementioned circular.

As of the announcement date, the board of directors includes Liu Qing as executive director and chairman, alongside several non-executive and independent non-executive directors. Bank of Gansu Co., Ltd. clarifies that it is not an authorized institution under Hong Kong's Banking Ordinance and is not supervised by the Hong Kong Monetary Authority.