Jiangxi Bank (HK: 01916) has unveiled a plan to raise core tier-1 capital through a non-public issuance of up to 930.00 million new shares, split between onshore and offshore tranches and subject to shareholder and regulatory approvals.

The proposed offering comprises: 1. Up to 715.00 million new domestic shares (par value RMB1.00) to a maximum of 35 qualified PRC institutional investors—representing 15.28% of existing domestic shares and 11.87% of current total issued shares. 2. Up to 215.00 million new H shares (par value RMB1.00) to eligible overseas investors—representing 15.98% of existing H shares and 3.57% of current total issued shares.

Pricing Parameters • Domestic shares: issue price not lower than RMB1.00 and not below the H-share issue price after FX adjustment. • H shares: minimum price set at the higher of (i) the closing price on the agreement date or (ii) the average closing price over the preceding five trading days. • Final pricing, exact volumes and launch timing will hinge on market conditions and regulatory clearance.

Capital Structure Impact • Current share capital: 6.02 billion shares (4.68 billion domestic, 1.35 billion H), with H shares accounting for 22.33% of the total. • Post-issue scenario (full allotment): share count would rise to 6.95 billion (5.39 billion domestic, 1.56 billion H); H-share public float is expected to remain above the 22.33% threshold required under the Exchange’s waiver. Issuance will not proceed if the public float condition is breached.

Use of Proceeds Net proceeds, after deducting issuance expenses, will be fully allocated to replenish the bank’s core tier-1 capital, enhancing capital adequacy, risk-bearing capacity and support for real-economy growth.

Approval & Timetable The transaction requires special-resolution approvals at an extraordinary general meeting and separate class meetings of domestic and H shareholders. Regulatory consent is also needed from the National Financial Regulatory Administration, the China Securities Regulatory Commission and the Hong Kong Stock Exchange. The specific mandate, once granted, will remain valid for 12 months.

Governance Update Upon completion, Jiangxi Bank will amend its Articles of Association to reflect the enlarged registered capital and revised share structure, subject to regulatory registration.

Caution As the placement is contingent on multiple approvals and market conditions, it may or may not proceed. Investors are advised to exercise caution when dealing in Jiangxi Bank’s securities.