Jilin Financial Holding Group Co., Ltd.* (the Offeror) and Jilin Jiutai Rural Commercial Bank Corporation Limited# (the Bank, Stock Code: 6122) announced the closure of their voluntary conditional general cash offers (the Offers) at 4:00 p.m. on Friday, 21 November 2025. The Offers comprised a cash offer for all issued H Shares by China International Capital Corporation Hong Kong Securities Limited on behalf of the Offeror, and a cash offer by the Offeror for all issued Domestic Shares.
According to the announcement, valid acceptances under the H Share Offer were received for 920,676,734 H Shares, representing approximately 95.26% of issued H Shares and 18.14% of the Bank’s total issued shares as of the same date. Meanwhile, valid acceptances under the Domestic Share Offer totaled 3,782,689,850 Domestic Shares, accounting for around 92.09% of the issued Domestic Shares and 74.55% of the Bank’s total issued shares.
No compulsory acquisition right applies under the relevant laws, so holders of H Shares who did not accept the H Share Offer will hold unlisted securities after the withdrawal of listing. The last trading day for the Bank’s H Shares was Tuesday, 18 November 2025, and the listing on the Stock Exchange will be withdrawn effective 4:00 p.m. on Monday, 24 November 2025. Trading in the Bank’s shares was suspended from 9:00 a.m. on 12 March 2025 and remains suspended. The Offeror and the Bank highlighted that settlement of offer consideration for H Shares will be completed within seven business days following valid acceptance, while the Domestic Share settlement will be handled via wire transfer, subject to procedural requirements by the clearing and settlement authority.