WEIHAI BANK (09677) plans to issue up to approximately 328 million domestic shares to Caixin Asset, raising funds of up to 10.79 billion yuan.

Weihai Bank (09677) announced that on December 24, 2025, the bank entered into a domestic stock subscription agreement with Caixin Assets. The bank plans to issue up to 327,989,709 domestic shares to Caixin Assets at a subscription price of RMB 3.29 per share, with a total cash consideration not exceeding RMB 1,079,086,143. The funds raised from this issuance, after deducting relevant issuance expenses, will be used entirely to supplement the bank's core Tier 1 capital.