Qingdao Rural Commercial Bank updates on Q3 2025 convertible bond conversions

As of September 30, 2025, 316,100 yuan of Qingdao Rural Commercial Bank's convertible bonds have been converted into 65,185 A-share ordinary shares. This conversion accounts for 0.0012% of the total ordinary shares issued prior to the conversion. The remaining unconverted convertible bonds amount to 4.999 bn yuan, representing 99.9937% of the total issuance.

From July 1, 2025, to September 30, 2025, 60 convertible bonds were converted, increasing shares by 1,500. As a result, the bank's total share capital as of September 30, 2025, rose to 5,555,620,741 shares. The number of unrestricted tradable shares also increased by 1,500 to 4,939,644,132.

The initial conversion price for the convertible bonds, issued on August 25, 2020, was 5.74 yuan per share. Following several adjustments due to profit distribution plans, the latest conversion price, effective July 9, 2025, is 4.00 yuan per share.