The Bank of Jiujiang (HKG: 06190) has announced a significant share issuance plan. 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 share, which is approximately HKD 8.38. This transaction represents a total cash consideration of RMB 3.6027 billion, equivalent to roughly HKD 4.1435 billion.

Details of the Share Issue

This domestic share subscription forms part of a broader issuance initiative. It is being carried out under the special authorization granted by shareholders at the bank's first extraordinary general meeting of 2026, as well as the first meetings for domestic and H-share category shareholders, all held on February 28, 2026. The net proceeds raised from this subscription, after deducting related issuance expenses, will be entirely allocated to bolstering the bank's core tier-one capital.

Specific Agreement with Local Authority

In a specific agreement with the Jiujiang Municipal Finance Bureau, the bureau has conditionally agreed to subscribe for, and the bank to issue, a total of 68.58 million domestic shares. The subscription price for these shares is also RMB 7.29 (approximately HKD 8.38) per share.