Shengjing Bank H share offer becomes unconditional

As of October 8, 2025, the H share offer for Shengjing Bank has become unconditional as to acceptances. Valid acceptances were received for 2,086,917,500 H shares, representing approximately 92.84% of H shares held by independent H shareholders. Additionally, 58,257,901 domestic shares were accepted.

The combined accepted shares and shares already held by the offeror and its concert parties represent approximately 61.61% of the bank's voting rights, exceeding the 50% threshold. The offeror confirmed that conditions relating to acceptance thresholds have been satisfied.

Other conditions, including regulatory waivers and shareholder approval for delisting, remain outstanding. The H share offer will become unconditional in all respects once all conditions are fulfilled or waived.

The offers are initially open for acceptance until the first closing date, Tuesday, October 21, 2025. If delisting is approved and the H share offer is unconditional, the offers will be extended to November 18, 2025. The withdrawal of H share listing from the Stock Exchange is targeted for Thursday, November 20, 2025, assuming all conditions are met.