Bank of Jiujiang plans dual share issuance to boost capital

The Board of Bank of Jiujiang Co., Ltd. resolved on October 31, 2025, to propose a non-public issuance of up to 860,000,000 domestic shares and up to 175,000,000 H shares. The primary objective is to replenish core tier-one capital, enhance risk resilience, and optimize its equity structure. Net proceeds from both issuances, after deducting costs, will be entirely used for this purpose.

The domestic shares issuance, representing approximately 36.36% of current domestic shares, targets up to 35 qualified domestic institutional investors, potentially including substantial shareholders. The H shares issuance, accounting for about 36.28% of existing H shares, will be offered to not more than ten eligible investors, independent of the bank. Both issuances are subject to shareholder approval at an EGM and class meetings, as well as regulatory approvals.

The subscription by substantial shareholder subscribers for domestic shares is identified as a potential connected transaction, requiring independent shareholder approval. The bank also plans to amend its articles of association to reflect changes in registered capital and structure upon completion of the issuance and regulatory approval. The proposals will be considered at upcoming EGM and class meetings.