A premium of approximately 17.59%, Weihai Bank plans to issue no more than 328 million shares of domestic stock to Caixin Assets.

On December 24th, Weihai Bank announced that Weihai Cai Xin Asset Management Co., Ltd. will subscribe for up to 328 million shares of the company's non-publicly issued domestic shares at a subscription price of 3.29 yuan per share, with a cash consideration not exceeding 1.079 billion yuan. The subscription price per share is at a premium of approximately 17.59% over the closing price of 3.07 Hong Kong dollars per share reported on the Hong Kong Stock Exchange on the date of this announcement. The funds raised from this issuance will be used to supplement the company's core Tier 1 capital.