WEIHAI BANK (09677) signs H-share subscription agreement with Hengyuan Holdings.

WEIHAI BANK (09677) announced that on June 14, 2026, the bank entered into an H-share subscription agreement with Hengyuan Holdings, under which Hengyuan Holdings conditionally agreed to subscribe, and the bank conditionally agreed to issue and issue no more than 150 million H-shares at a subscription price of RMB 3.29 per H-share, with a total cash consideration not exceeding RMB 495 million. The issue price of this issuance is RMB 3.29 per share (equivalent to HKD 3.61 per share) as at the date of the H-share subscription agreement compared with the last trading day market value of HKD 2.86 per H-share on the Hong Kong Stock Exchange, a premium of approximately 26.22%. The funds raised from this issuance, net of relevant issuance expenses, will be used to supplement the bank's core Tier 1 capital. As of June 14, 2026, the bank has adopted alternative thresholds to comply with the provisions of Rule 19A.28B of the Hong Kong Listing Rules.