Postal Savings Bank of China: 5.4 billion shares of non-publicly issued A-shares with trading restrictions will be listed for circulation on March 25

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On March 18, the Postal Savings Bank of China announced that, according to the approval from the China Securities Regulatory Commission for the non-public issuance of shares by China Postal Savings Bank Co., Ltd. (Approval No. Zhen Jian Xu Ke [2021] No. 751), the bank will issue 5,405,405,405 A-shares to its controlling shareholder, China Post Group Corporation (hereinafter referred to as Postal Group).

After this non-public issuance, the total share capital of the Postal Savings Bank will increase to 92,383,967,605 shares. The shares issued in this non-public offering were registered, deposited, and restricted for trading on March 25, 2021, at the Shanghai branch of China Securities Depository and Clearing Corporation Limited. The lock-up period is five years, and the shares will be fully unlocked and tradable on March 25, 2026.

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