Bank of Chengdu share increase plan stalls

Bank of Chengdu's controlling shareholder's plan to increase its stake in the bank has stalled due to the stock price consistently exceeding the set maximum purchase price of CNY 17.59 per share. The entities involved, Chengdu Industry Investment Group and Chengdu Xintianyi Investment, announced on April 9, 2025, their intention to increase holdings by between 39,794,353 and 79,588,706 shares, representing 0.939% to 1.878% of the bank’s total share capital. As of today, no shares have been purchased, but the entities state they will continue to monitor market conditions and may resume purchases in the future. Shareholders under the control of the Chengdu State-owned Assets Supervision and Administration Commission (SASAC) currently hold 30.03% of Bank of Chengdu's shares. SASAC has committed to not reducing their holdings during the increase plan period.