Bank of Jiujiang (Stock Code: 6190) released an announcement dated 31 October 2025 outlining a proposed non-public issuance of up to 860,000,000 Domestic Shares and up to 175,000,000 H Shares under a specific mandate. The proceeds, after deducting relevant costs, are designated to replenish the bank’s core tier-one capital.

According to the announcement, the issuance is subject to approval at an Extraordinary General Meeting (EGM) and separate Class Meetings of Domestic and H Shareholders, as well as regulatory clearance. The target subscribers may include substantial shareholders, which could result in a connected transaction under Chapter 14A of the Listing Rules. If confirmed, independent shareholders’ approval will be sought at a separate meeting, and an independent board committee will be established.

The proposed issuance aims to strengthen the bank’s resilience to risks and optimize its equity structure. Upon completion, certain amendments to the Articles of Association will also take effect to reflect changes in registered capital and shareholding structure, subject to regulatory approval.

Bank of Jiujiang emphasized that the new Domestic and H Shares would rank pari passu with existing shares. Each issuance will proceed only if it meets all required conditions, including the maintenance of the bank’s minimum public float of H Shares. Shareholders and investors are advised to exercise caution when dealing in the bank’s securities. A detailed circular will be dispatched to H Shareholders, and further announcements will be made as required by relevant regulatory provisions.