Zhangjiagang rural bank's registered capital rises after bond conversion

Jiangsu Zhangjiagang Rural Commercial Bank Company Limited has received approval from the Suzhou Financial Regulatory Bureau to change its registered capital. This follows the maturation of the company's RMB 2.5 bn convertible bonds, issued in 2018, which fully converted into RMB 1.137 bn in core Tier 1 capital by November 2024.

The bond conversion resulted in an issuance of 275,210,423 shares, bringing the company's total share capital to 2,444,344,974 shares. Consequently, the company's registered capital will increase by RMB 27,469.5892 million, rising from RMB 216,964.9082 million to RMB 244,434.4974 million.

The company will now proceed with the necessary industrial and commercial registration procedures to finalize this change in registered capital. This announcement was made by the Board of Directors of Jiangsu Zhangjiagang Rural Commercial Bank Company Limited on November 25, 2025.