Qingdao Rural Commercial Bank: 500m restricted shares to enter circulation

Qingdao Rural Commercial Bank Corporation announced that 500 million previously restricted A-shares will become tradable on October 13, 2025. This represents 8.9999% of the bank's total share capital. The shares, held by Qingdao Urban Construction Investment (Group) Co., Ltd., were acquired through a gratuitous transfer from Qingdao International Airport Group Co., Ltd. in October 2020. The unlock marks the fulfillment of a five-year lock-up period commitment made by Qingdao Urban Construction Investment (Group) Co., Ltd.

The shares originated from the bank's initial public offering (IPO) in 2019, when it listed on the Shenzhen Stock Exchange. At that time, total share capital after the IPO was 5,555,555,556 shares, including 5,000,000,000 restricted shares. As of September 19, 2025, the bank's total share capital stands at 5,555,620,491 shares. The unlocking will add to the bank's actively traded stock.

The underwriter has confirmed that the release of these restricted shares complies with all relevant laws, regulations, and shareholder commitments. There are no outstanding pledges or freezes on the 500,000,000 shares set for circulation.