Weihai Bank secures $67m investment from Tsinlien Group

Weihai Bank Co., Ltd. entered into an H Share Subscription Agreement with Tsinlien Group on December 21, 2025. Under the agreement, Tsinlien Group will subscribe for up to 150,000,000 H Shares at a subscription price of RMB3.29 per H Share, totaling a cash consideration not exceeding RMB493,500,000. These H Shares, with a par value of RMB1.00 each, will be issued under a specific mandate and will rank pari passu with existing H Shares once allotted.

The subscription price of RMB3.29 per H Share represents a premium of approximately 17.97% over the closing price of HK$3.06 on the Hong Kong Stock Exchange as of the announcement date and the last five consecutive trading days. However, it also represents a discount of approximately 19.76% to the net asset value per share of RMB4.10 as of June 30, 2025. The net proceeds from this issuance, after deducting relevant expenses, are earmarked entirely for replenishing the Bank's core Tier 1 capital.

Huatai Financial Holdings (HongKong) Limited has been appointed as the placing agent for the issuance. The agreement is subject to several effective conditions, including regulatory approvals from the NFRA, with some conditions already fulfilled as of the announcement date. If these conditions are not met by June 30, 2026, the agreement will be automatically terminated.