Bank of Communications: The application for issuing A-shares to specific targets has been approved by the China Securities Regulatory Commission.

The Bank of Communications announced that the company has received the approval from the China Securities Regulatory Commission for the registration of issuing stocks to specific entities. The approval allows the company to issue stocks to specific entities within 12 months from the date of approval. The company will handle the relevant matters of issuing A-shares to specific entities within the specified period in accordance with the approval document and relevant laws and regulations, and fulfill the obligation of timely disclosure of information.