Announcement on Results of Private Placement and Equity Change of China Guangfa Bank Co., Ltd.

The Board of Directors and all Directors of China Guangfa Bank Co., Ltd. ensure that the contents of this Announcement are free from any misrepresentation, misleading statement and material omission, and that they will assume joint and several liability for the truthfulness, accuracy and integrity of the contents.

 

According to the Approval on the Private Placement and Shareholder Qualification of China Guangfa Bank Co., Ltd. (Yin Bao Jian Fu 2018NO.212) from China Banking and Insurance Regulatory Commission and the Approval on the Private Placement of China Guangfa Bank Co., Ltd. (Zheng Jian Xu Ke2018NO.2015) from China Securities Regulatory Commission, China Guangfa Bank Co., Ltd. (hereinafter referred as “the Bank”) has accomplished the private placement in strict accordance with laws and regulations. The quantity of new shares issued of the private placement is 4,284,799,008 shares, and the total share capital of the Bank has increased to 19,687,196,272 shares after the private placement. Guangdong Nanfang Tianyuan Accounting Firm (general partnership) has verified capital for the private placement and issued Capital Verification Report (Nanfang Tianyuan Yan Zi2018NO.14).

The subscribers and subscription of the private placement are as follows: 52 registered shareholders including China Life Insurance Company Limited totally subscribed 1,911,073,987 shares; Jiangxi Provincial Expressway Investment Group Co., Ltd. subscribed 1,611,255,772 shares, accounting for 8.184% of the share capital of the Bank after the private placement; China Aviation Investment Co., Ltd. subscribed 762,469,249 shares, accounting for 3.873% of the share capital of the Bank after the private placement.

The changes of top 10 shareholders of the Bank are as follows:

The Profile of Shareholding of Top 10 Shareholders of the Bank

(After the Private Placement)

Name of Shareholders

Number of Shares

Shareholding

China Life Insurance Company Limited

8,600,631,426

43.686%

State Grid Yingda International Holdings Co., Ltd.

3,080,479,452

15.647%

CITIC Trust Co., Ltd.

3,080,479,452

15.647%

Jiangxi Provincial Expressway Investment Group Co., Ltd.

1,611,255,772

8.184%

China Aviation Investment Co., Ltd.

762,469,249

3.873%

Guangdong Finance Investment Holdings Co., Ltd.

317,757,229

1.614%

HuaChen Automotive Group Holding Co., Ltd.

223,596,793

1.136%

Jiangsu Suzhou Steel Group Co., Ltd.

222,777,231

1.132%

Heung Kong Group Co., Ltd.

148,544,461

0.755%

Beijing Energy Holding Co., Ltd.

133,349,884

0.677%

Total

18,181,340,949

92.351%

The Profile of Shareholding of Top 10 Shareholders of the Bank

(Before the Private Placement)

Name of Shareholders

Number of Shares

Shareholding

China Life Insurance Company Limited

6,728,756,097

43.686%

State Grid Yingda International Holdings Co., Ltd.

3,080,479,452

20.000%

CITIC Trust Co., Ltd.

3,080,479,452

20.000%

Guangdong Finance Investment Holdings Co., Ltd.

317,757,229

2.063%

HuaChen Automotive Group Holding Co., Ltd.

223,596,793

1.452%

Jiangsu Suzhou Steel Group Co., Ltd.

222,777,231

1.446%

Heung Kong Group Co., Ltd.

148,544,461

0.964%

Beijing Energy Holding Co., Ltd.

133,349,884

0.866%

Bank of China Limited

131,240,136

0.852%

Yunnan Hehe (Group) Co., Ltd.

93,189,132

0.605%

Total

14,160,169,867

91.935%

Through the private placement, the Bank enhanced the capital strength, and provided effective support for business expansion and strategic implementation.

It’s hereby announced.

China Guangfa Bank Co., Ltd.

December 29, 2018