Bank of Jiujiang (06190) has released an announcement regarding a planned issuance of domestic shares.

On June 18, 2026, the bank entered into separate domestic share subscription agreements with the Jiujiang Municipal Finance Bureau and no fewer than six other domestic share subscribers.

Under these agreements, the subscribers have conditionally agreed to subscribe for, and the bank has conditionally agreed to issue, a total of 494.2 million domestic shares.

The subscription price is set at RMB 7.29 per domestic share, which is approximately HKD 8.38.

The total cash consideration for the issuance amounts to RMB 3.6027 billion, equivalent to roughly HKD 4.1435 billion.

This domestic share subscription forms part of a broader issuance and is being conducted under the special mandate granted by shareholders at the bank's 2026 First Extraordinary General Meeting, the 2026 First Domestic Share Class Meeting, and the 2026 First H-Share Class Meeting, all convened on February 28, 2026.

Capital Allocation

The net proceeds from this domestic share subscription, after deducting related issuance expenses, will be entirely used to supplement the bank's core tier 1 capital.

Specifically, under the agreement with the Jiujiang Municipal Finance Bureau, the bureau has conditionally agreed to subscribe for, and the bank has conditionally agreed to issue, a total of 68.58 million domestic shares at the same price of RMB 7.29 per share.