Shandong Expressway: Holding company Weihai Bank plans to issue domestic shares and privately place H-shares to specific investors.

Shandong Expressway announced that its joint venture company, Weihai Bank, plans to issue domestic shares and privately place H-shares to specific objects. The total fundraising amount for the issuance of stocks will not exceed 3 billion yuan, which will be used to supplement Weihai Bank's core Tier 1 capital. The company plans to subscribe to no more than 106 million domestic shares of Weihai Bank at a price of 3.29 yuan per share, with a total subscription amount not exceeding 348 million yuan. After the investment is completed, the company's ownership stake in Weihai Bank will remain unchanged at 11.60%.