Major shareholder boosts stake in Bank of Qingdao, reinforces confidence

Qingdao Guoxin Industrial and Financial Holdings (Group) Co., Ltd., Bank of Qingdao's major shareholder, completed its shareholding increase plan between September 15, 2025, and November 5, 2025. The group acquired an additional 243,000,000 H shares through the Hong Kong Stock Connect, representing 4.18% of the bank’s total shares. The total investment for this increase amounted to RMB956.7937 million.

Upon completion, Guoxin Industrial and Financial Holdings and its persons acting in concert collectively now hold 1,115,471,173 shares, increasing their aggregated ownership to 19.17% of the bank’s total shares, up from 14.99% previously. This strategic move aligns with the target range of 19.00% to 19.99% outlined in the original plan.

The share increase, funded by the shareholder's own resources, aligns with regulatory approvals and is subject to a five-year lock-up period, demonstrating a commitment to the bank's sustained development. This action is intended to support the bank's long-term growth.