JIANGXI BANK (01916.HK): Proposes private placement of up to 715,000,000 domestic shares and 215,000,000 H shares under specific mandate; net proceeds to replenish core Tier 1 capital
NewTimeSpace News: Jiangxi Bank Co., Ltd. (stock code: 01916) published an announcement, announcing that on 6 August 2026 the Board passed resolutions proposing to issue, under a specific mandate, no more than 715,000,000 domestic shares (inclusive) to specific targets and to privately place no more than 215,000,000 H shares (inclusive) to eligible subscribers. The net proceeds of the issuance after deducting related issuance expenses will be used in full to replenish the Bank's core Tier 1 capital, with a view to further improving the capital adequacy ratio, optimising the shareholding structure and enhancing risk resilience.
The domestic share issuance targets no more than 35 qualified domestic institutional investors, with a par value of RMB 1.00 per share and an issue price not lower than the par value; the H share issue price will not be lower than the benchmark price, and if the H share issuance is completed concurrently with the domestic share issuance, the H share issue price will be consistent with the domestic share issue price adjusted at the applicable exchange rate. As the Bank's registered capital and number of shares will change upon completion of the issuance, the Bank will, in accordance with applicable laws, submit the amendments to the articles of association and the change of registered capital to the national financial regulatory authority for approval.
The issuance will be made under a specific mandate, and the Bank will convene an extraordinary general meeting and class meetings to seek approval of the domestic share and H share class shareholders respectively for granting the specific mandate, with the circular and notices of meetings to be published in due course. The issuance is conditional upon the satisfaction of certain conditions and may or may not proceed.
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