Bank of Jiujiang (6190) has released an announcement detailing proposals for a non-public issuance of Domestic Shares and H Shares, a planned adjustment to its registered capital, and amendments to its Articles of Association. According to the announcement, the Bank intends to issue up to 860 million Domestic Shares and up to 175 million H Shares under specific mandates, with an Extraordinary General Meeting (EGM) scheduled for February 28, 2026, to seek necessary shareholder approvals.
All net proceeds from the proposed issuances will be used to replenish core tier-one capital to strengthen the Bank’s capital base. The announcement specifies that Jiujiang Finance Bureau, which holds approximately 15.78% of the Bank’s total issued share capital, intends to subscribe for Domestic Shares representing up to around 12.85% of the total funds raised in the issuance; meanwhile, Industrial Bank, which holds approximately 10.34% of the Bank’s shares, intends to subscribe for an amount proportionate to its current shareholding. According to the announcement, relevant transaction proposals will be voted on at the upcoming EGM and related class meetings, including those addressing potential connected and related party transaction requirements.