Industrial and Commercial Bank of China (01398)'s application for issuing A-shares to specific targets has been accepted by the Shanghai Stock Exchange.

Industrial and Commercial Bank of China (01398) announced that on October 8, 2026, the Bank received the "Notice on Accepting the Application of Industrial and Commercial Bank of China Co., Ltd., a Main Board Listed Company in Shanghai, for Issuance of Securities" (Shanghai Stock Exchange Review (Refinancing) [2026] No. 322) issued by the Shanghai Stock Exchange (the "SSE"). The SSE, in accordance with relevant regulations, reviewed the prospectus and related application documents for the issuance of securities by the Bank as a main board listed company in Shanghai, and considered that the application documents were complete and in compliance with statutory form, and decided to accept the application and conduct review in accordance with law. The Bank's issuance of A-shares to specific targets is still subject to approval by the SSE and registration consent by the China Securities Regulatory Commission (the "CSRC") before it can be implemented. Whether it will ultimately pass the SSE review and obtain the CSRC's decision to consent to registration, as well as the timing thereof, remains uncertain.