Chongqing Rural Commercial Bank: CICC changes sponsor rep, small share unlock set

Chongqing Rural Commercial Bank Co., Ltd. (SSE:601077) announced a change in its continuous supervision sponsor representatives. China International Capital Corporation Limited (CICC) confirmed that due to a work change, Lu Su will replace Liu Zihan, joining Xu Jia, to continue fulfilling CICC's responsibilities for the bank’s initial public offering project. Lu Su's experience includes involvement in several significant equity and debt issuance projects for major Chinese banks and financial institutions.

Concurrently, the bank disclosed the upcoming release of 542,155 restricted A-shares, constituting 0.0048% of its total share capital. These shares, held by 153 natural person employees with holdings exceeding 50,000 shares, will become eligible for public trading on October 30, 2025. This release marks the expiration of a 72-month lock-up period following the bank’s A-share listing on the Shanghai Stock Exchange.

Following this unlock, the bank’s total share capital will remain RMB 11,357,000,000. The number of restricted A-shares will decrease to 5,421,550, while the number of unrestricted A-shares will increase to 8,838,242,409. CICC has verified that the release of these restricted shares complies with relevant regulations and shareholder commitments, affirming the accuracy of the disclosed information.