Core Points - The report details the capital increase of Bank of Communications Co., Ltd. (交通银行) through a private placement of A-shares, with a total new registered capital of RMB 14,101,057,578.00, raising the total registered capital to RMB 88,363,784,223.00 [1][4][5] Group 1: Capital Increase Details - The bank's previous registered capital and paid-in capital were RMB 74,262,726,645.00, consisting of 39,250,864,015 A-shares and 35,011,862,630 H-shares [1][4] - The issuance of A-shares was approved by the National Financial Regulatory Administration and the China Securities Regulatory Commission, allowing the bank to issue up to 14,101,057,578 shares at a nominal value of RMB 1.00 per share, with a proposed issue price of RMB 8.51 per share [4][5] - As of June 13, 2025, the bank had received the total new registered capital from specific investors, amounting to RMB 14,101,057,578.00 [2][5] Group 2: Financial Summary - The total amount raised from the issuance was RMB 120 billion, with net proceeds after issuance costs amounting to RMB 119,940,554,882.23 [5][6] - The issuance costs, excluding VAT, totaled RMB 59,445,117.77 [5] - The cumulative paid-in capital after the increase is RMB 88,363,784,223.00, representing 100% of the proposed new registered capital [5][6]

Core Viewpoint - The legal opinion issued by Beijing Jindu Law Firm confirms the compliance of the issuance process and subscription objects for the A-share stock issuance by Bank of Communications, stating that all necessary approvals and authorizations have been obtained, and the process is legal and compliant [1][5][9]. Group 1: Approval and Authorization - The internal approvals and authorizations for the A-share issuance have been obtained through relevant resolutions from the general meetings [5]. - Regulatory approvals from the China Securities Regulatory Commission and other relevant authorities have been granted for the issuance plan [5]. Group 2: Issuance Process and Results - The issuance involves specific objects, including the Ministry of Finance and strategic investors such as China Tobacco and Shuangwei Investment, with subscription agreements signed on March 30, 2025 [5][6]. - The issuance price was set at 8.71 yuan per share, later adjusted to 8.51 yuan per share due to profit distribution adjustments [7][8]. - The total number of shares issued was 14,101,057,578, raising a total of 120 billion yuan, with a net amount of approximately 119.94 billion yuan after deducting related expenses [8][9]. Group 3: Compliance and Verification - The subscription funds from the Ministry of Finance and other investors are confirmed to be legal and compliant, with no issues related to fund sources or financial assistance from the issuer [6][9]. - The payment and verification processes have been conducted in accordance with relevant regulations, confirming the legality and fairness of the issuance process [9].

Group 1 - The core event is the launch of a co-branded digital RMB hard wallet by Bank of Communications Shanghai Branch and Tongji University, aimed at enhancing financial services and promoting digital RMB in campus scenarios [1][3] - The initiative is seen as a significant milestone in the collaboration between the bank and the university, aligning with national strategies for digital economy development and integrating financial technology with higher education [3] - The digital wallet features a design that symbolizes good wishes for graduates, incorporating elements like the university's iconic cherry blossom avenue, reflecting aspirations for the future of the students [3][4] Group 2 - The "Tongji University 2025 Graduation Hard Wallet" is specifically targeted at graduates of 2025, with the event attracting numerous students and faculty to experience the digital RMB [4] - The collaboration aims to enhance the application of digital RMB in campus life, promoting its use in daily student consumption and transitioning it from an experimental product to a practical one [4]

证券代码：601328 证券简称：交通银行 优先股代码：360021 优先股简称：交行优 1 交通银行股份有限公司 向特定对象发行 A 股股票 发行情况报告书 联席保荐人（联席主承销商） 联席主承销商 财务顾问 二零二五年六月 发行人全体董事、监事及高级管理人员声明 本行全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记载、 误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责任。 1 发行人全体董事、监事及高级管理人员声明 本行全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记载、 误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责任。 全体董事签名： 任德奇 张宝江 周万阜 常保升 交通银行股份有限公司 年 月 日 2 殷久勇 穆国新 罗小鹏 张向东 李晓慧 肖 伟 交通银行股份有限公司 年 月 日 3 发行人全体董事、监事及高级管理人员声明 全体董事签名： 本行全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记载、 李龙成 交通银行股份有限公司 年 月 日 4 误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责任。 全体董事签名 ...

交通银行股份有限公司（以下简称"交通银行"或"本公司"）董事会及全体董事保证 本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性 和完整性承担法律责任。 本公司向特定对象发行A股股票（以下简称"本次发行"）发行总结及相关文 件已在上海证券交易所备案通过。本公司将依据相关规定尽快办理本次发行新增 股份的登记托管事宜。 股票代码：601328 股票简称：交通银行 编号：临 2025-044 交通银行股份有限公司 关于向特定对象发行 A 股股票 发行情况的提示性公告 特此公告 交通银行股份有限公司董事会 本 次 发 行 的 具 体 情 况 详 见 本 公 司 同 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露《交通银行股份有限公司向特定对象发行A股股票发行 情况报告书》及相关发行文件。 2025 年 6 月 13 日 ...

KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 验资报告 毕马威华振验字第 2500411 号 交通银行股份有限公司： 我们接受委托，审验了交通银行股份有限公司 (以下简称"交通银行") 截至 2025 年 6 月 13 日止，因向特定对象发行 A 股股票新增注册资本及实收资本 (股本) 情况。按照法律法规和 公司章程的要求出资，提供真实、合法、完整的验资资料，保护资产的安全、完整是全体股东 及交通银行的责任。我们的责任是对交通银行新增注册资本及实收资本 (股本) 情况发表审验意 见。 ...

北京市金杜律师事务所 关于交通银行股份有限公司 向特定对象发行Ａ股股票 发行过程和认购对象合规性的 法律意见书 2025 年 6 月 北京市金杜律师事务所 关于交通银行股份有限公司 向特定对象发行 A 股股票发行过程和认购对象合规性的 法律意见书 致：交通银行股份有限公司 北京市金杜律师事务所（以下简称"金杜"或"本所"）接受交通银行股份有限公司 （以下简称"发行人"、"交通银行"或"公司"）委托，作为发行人本次向特定对象发行 A 股股票（以下简称"本次发行"）的专项法律顾问，根据《证券法》《公司法》《发行注 册管理办法》《证券法律业务管理办法》《证券法律业务执业规则》《编报规则第 12 号》 等中华人民共和国境内（以下简称"中国境内"，为本法律意见书之目的，不包括中国香港 特别行政区、中国澳门特别行政区和中国台湾省）现行有效的法律法规和中国证监会和上交 所的有关规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，就发行人本次发 行的发行过程及认购对象的合规性出具本法律意见书。 除本法律意见书另有说明外，本所在《北京市金杜律师事务所关于交通银行股份有限公 司向特定对象发行Ａ股股票之法律意见书》《北京市金 ...

证券简称：交通银行 证券代码：601328 优先股简称：交行优 1 优先股代码：360021 联席主承销商关于 交通银行股份有限公司 向特定对象发行 A 股股票 发行过程和认购对象合规性的报告 联席保荐人（联席主承销商） 联席主承销商 二零二五年六月 上海证券交易所： 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意交通银行 股份有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕1081号）批 复，同意交通银行股份有限公司（以下简称"交通银行"、"发行人"或"公司"）向 特定对象发行股票的注册申请。 国泰海通证券股份有限公司（以下简称"国泰海通"）与中信建投证券股份有 限公司（以下简称"中信建投"，与国泰海通合称"联席保荐人（联席主承销商）"） 作为发行人本次向特定对象发行股票的联席保荐人（联席主承销商），中信证券 股份有限公司、广发证券股份有限公司、申万宏源证券承销保荐有限责任公司、 国信证券股份有限公司（以下合称"联席主承销商"）作为发行人本次向特定对象 发行股票的联席主承销商，根据《中华人民共和国公司法》（以下简称《公司法》 " "） 《中华人民共和国证券法》（以下简称"《证券法》 ...

股票代码：601328 股票简称：交通银行 编号：临 2025-045 交通银行股份有限公司 关于签订募集资金专户存储监管协议的公告 交通银行股份有限公司（以下简称"交通银行"或"本公司"）董事会及全体董事保证 本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性 和完整性承担法律责任。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意交通银行股份有限公司向特定对象发 行股票注册的批复》（证监许可〔2025〕1081号）批准，本公司向特定对象发行A 股股票14,101,057,578股（以下简称"本次发行"）。截至2025年6月13日，本公 司募集资金专户已收到本次发行募集资金总额人民币120,000,000,000元(尚未 扣除发行费用59,445,117.77元)，在扣除发行费用后，募集资金净额为人民币 119,940,554,882.23元。 毕马威华振会计师事务所（特殊普通合伙）对前述募集资金到位情况进行了 验证，并出具了毕马威华振验字第2500411号《验资报告》。 二、《募集资金专户存储监管协议》的签订情况和募集资金专户的开立情况 为规范募集资金管理和使用，保护 ...

Core Viewpoint - The article discusses the increasing popularity of family trusts among wealthy individuals in China, highlighting the shift in private banking services from asset accumulation to providing unique non-financial services and emotional value to retain high-net-worth clients [3][8][10]. Group 1: Private Banking Landscape - Private banking clients in China typically have investable assets exceeding 6 million yuan, with some banks setting higher thresholds, such as 10 million yuan at China Merchants Bank [3][5]. - The number of high-net-worth individuals in China with investable assets over 10 million yuan reached 3.16 million by the end of 2022, with an average investable asset of approximately 31.83 million yuan [5]. - The private banking sector has transitioned from "land grabbing" to "stock competition," focusing on existing clients as the market matures [3][20]. Group 2: Non-Financial Services - Non-financial services have become a core competitive advantage for private banks, with offerings including private jet bookings, Antarctic travel, and exclusive medical consultations [3][6][7]. - High-net-worth clients are increasingly attracted to unique experiences, such as customized concerts and exclusive travel opportunities, which enhance emotional value and client loyalty [4][6][7]. - Banks are investing heavily in providing high-end, scarce services to differentiate themselves in a competitive market [6][7]. Group 3: Family Trusts and Wealth Management - Family trusts and family offices are becoming focal points for private banks, especially for ultra-high-net-worth clients with assets exceeding 20 million yuan [10][11]. - Over 70% of high-net-worth individuals are preparing for wealth transfer, driven by concerns over asset protection and family dynamics [10][11]. - The family trust market in China is growing, with a reported balance of 643.58 billion yuan by the end of 2024 [11]. Group 4: Investment Trends - Wealthy clients are increasingly allocating assets to insurance products and precious metals like gold, especially in response to market volatility [15][19]. - The demand for exclusive investment products from top international asset management firms is rising among private banking clients, with minimum investment thresholds often set at 2 million yuan [14][19]. - Private banks are tailoring investment solutions to meet the specific needs of high-net-worth clients, often collaborating with various financial institutions [14][15]. Group 5: Client Retention and Competition - The private banking sector is experiencing a slowdown in client growth, leading to a focus on retaining existing clients and preventing asset outflows [20]. - The contribution of private banking clients to overall bank assets is significant, with a small percentage of clients holding a large portion of wealth [16][19]. - Banks are recognizing the comprehensive value of private banking clients, who often bring additional business opportunities through their enterprises [19][20].