Bank of Changsha secures approval for RMB 12 bn capital instrument issuance

Bank of Changsha Co., Ltd. announced it has obtained approval from the Hunan Financial Regulatory Bureau to issue capital instruments. The approval permits the bank to issue capital tools totaling up to RMB 12 billion. These instruments will consist of non-fixed term capital bonds and Tier 2 capital bonds.

The bank is authorized to determine the issuance time, tranches, and scale within the approved quota. The issuance process must be completed within 24 months from the date of approval. Bank of Changsha's board of directors assures that the announcement contains no false records, misleading statements, or significant omissions, and assumes legal responsibility for its truthfulness, accuracy, and completeness.

The bank commits to strictly adhere to the "Measures for the Management of Commercial Bank Capital" and other relevant regulations, ensuring proper management of the capital instrument issuance and information disclosure. This strategic move aims to strengthen the bank's capital structure in line with regulatory requirements.