股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 九江銀行股份有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06190 | 說明 | H 股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 482,367,200 | RMB | | 1 RMB | | 482,367,200 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 482,367,200 | RMB | | 1 RMB | | 482,367,200 | | 2. 股份分類 | 普通股 | 股份類別 | | 其他類 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Bank of Jiujiang Co., Ltd.* * 6190 公告 暫停辦理股份過戶登記手續 九江銀行股份有限公司*（「本行」）董事會（「董事會」）謹此宣佈，本行擬於2026年 2月28日（星期六）舉行2026年第一次臨時股東會（「臨時股東會」）。 為確定有權出席臨時股東會並於會上投票的本行H股股東名單，本行將自2026年 2月24日（星期二）起至2026年2月28日（星期六）止期間（包括首尾兩日）暫停辦理 股份過戶登記，該期間不辦理股份過戶手續。於2026年2月28日（星期六）名列本 行股東名冊的H股股東將有權出席臨時股東會並可於會上投票。 為符合資格出席臨時股東會並於會上投票，本行H股股份持有人須於2026年2月23 日（星期一）下午四時三十分前，將所有填妥及簽署的股份過戶文件（連同相關股 份證書）及其他適當文件送達本行的H股股份過戶登記處香港中央證券登記有限公 司（地址為香港灣仔皇后大道東 ...

Core Viewpoint - Jiujiang Bank is facing significant capital pressure, prompting its major shareholders to participate in a non-public offering to replenish core Tier 1 capital, amidst declining capital adequacy ratios and deteriorating asset quality [1][9]. Group 1: Capital Challenges - As of September 2025, Jiujiang Bank's core Tier 1 capital adequacy ratio was 8.63%, down 0.81 percentage points from the previous year, significantly below the industry average, indicating a shrinking capital buffer [1][9]. - The bank's capital adequacy ratio has been on a downward trend, with a notable drop from 9.44% at the end of 2024 to 8.63% by September 2025, just above the regulatory minimum [2][10]. - The bank's total capital adequacy ratio decreased by 1.96 percentage points to 11.21% compared to the end of 2024, reflecting ongoing capital depletion despite a reduction in business scale [2][10]. Group 2: Asset Quality and Operational Issues - Jiujiang Bank's non-performing loan ratio reached 2.19% at the end of 2024, the highest in five years, with overdue loans increasing by 47.4%, significantly above the industry average of 1.48% [5][12]. - The bank's credit impairment losses amounted to 63.2 billion yuan in 2023, indicating that most income generated was used to cover past aggressive expansion's bad debts rather than being retained as core capital [3][11]. - The bank's asset quality is further compromised by the overdue debts of Guo Hou Asset, which amounted to 7.2 billion yuan, representing 80.8% of the bank's net profit for the third quarter of 2025 [6][13]. Group 3: Governance and Market Confidence - The bank has faced a crisis of trust due to ongoing compliance failures and rising consumer complaints, including issues related to aggressive debt collection practices and marketing violations [6][14]. - The stock price of Jiujiang Bank has plummeted from a high of 10.8 HKD in November 2021 to 1.75 HKD by early 2026, reflecting an 84% decline and a market capitalization of 4.98 billion HKD, with a price-to-book ratio of only 0.13 [7][14]. - The bank's reliance on external capital raises concerns about its long-term viability, as the recent capital increase is seen as a reactive measure rather than part of a comprehensive strategy for governance and business transformation [8][15].

Core Viewpoint - A regional bank, Jiujiang Bank, has announced a capital increase plan, with significant participation from its major shareholders, indicating a trend of capital replenishment among banks to enhance risk resilience and optimize capital structure [1][2][3] Group 1: Capital Increase Trends - Jiujiang Bank plans to issue up to 860 million domestic shares and 175 million H-shares, aiming to raise funds entirely for core tier 1 capital replenishment, which will increase its total share capital by 36.4% from 2.847 billion shares to 3.882 billion shares [3] - Since 2025, many small and medium-sized banks have initiated capital increases through various methods, reflecting the urgency and proactivity of capital replenishment [3][4] - The average capital adequacy ratio for city commercial banks is currently the lowest at 12.4%, indicating a significant capital shortfall and the need for these banks to enhance their capital structures [4] Group 2: Local Government Support - Local state-owned assets have become a major support force in the current capital increase wave, with many local banks receiving substantial backing from regional governments [7] - For instance, Weifang Bank's capital increase plan includes participation from Shandong High-speed Group, showcasing the local government's commitment to supporting small and medium-sized banks [7] Group 3: Capital Reduction Trends - In contrast to the capital increase trend, some rural commercial banks and village banks have initiated capital reduction to optimize their capital structures, indicating a dual approach to capital management [9][10] - The capital reduction actions are primarily concentrated in rural areas, with banks like Shandong Yanggu Rural Commercial Bank reducing their registered capital to align with actual credit demand [9][10] Group 4: Strategic Adjustments - The adjustments in capital structure, whether through increases or reductions, are aimed at aligning capital with business needs, with a focus on enhancing operational efficiency and governance [10][12] - Some banks, like Inner Mongolia Bank, have adopted a unique approach by first reducing capital and then replenishing it through special bond funds, indicating a systematic restructuring strategy [11]

Core Viewpoint - Jiujiang Bank plans to issue up to 860 million domestic shares and 175 million H-shares to enhance its core tier 1 capital and optimize its capital structure, with major shareholders indicating their support for the bank's future development [2][3] Group 1: Share Issuance Details - Jiujiang Bank's total share capital will increase from 2.847 billion shares to 3.882 billion shares, representing a growth of approximately 36% if the issuance is completed [2] - The total amount intended for subscription by Jiujiang Finance Bureau is up to 500 million RMB, which will not exceed 12.85% of the actual funds raised [2] - The total amount intended for subscription by Industrial Bank will not exceed 10.24% of the actual funds raised [2] Group 2: Purpose and Impact of the Issuance - The primary purpose of the issuance is to effectively supplement the bank's core tier 1 capital, thereby enhancing its risk resistance capability and optimizing its equity structure [3] - The bank's core tier 1 capital adequacy ratio was reported at 8.62% as of June 2025, a decrease of 0.82 percentage points from the end of 2024 [3] - The issuance is expected to create greater value for shareholders and strengthen the bank's core competitiveness in its main business [3] Group 3: Industry Context - Regional small and medium-sized banks have been actively increasing capital, with examples including Weihai Bank and Hankou Bank, which have also announced significant share issuances to bolster their core tier 1 capital [4] - Experts suggest that capital increases in regional banks enhance their ability to provide credit and improve governance structures, ultimately benefiting local economic development [4][5]

Core Viewpoint - Jiujiang Bank is progressing with its capital increase plan, with major shareholders indicating their intention to participate, which is expected to enhance the bank's core tier one capital and stabilize its governance structure [2][3][8]. Group 1: Capital Increase Details - Jiujiang Bank plans to issue up to 860 million domestic shares and up to 175 million H-shares, as disclosed in October 2025 [4]. - The first major shareholder, Jiujiang Municipal Finance Bureau, intends to subscribe for up to 500 million RMB of domestic shares, while the third major shareholder, Industrial Bank, will subscribe in proportion to its current shareholding [3][4]. - Following the completion of this capital increase, Jiujiang Bank's total share capital will rise to 3.882 billion shares, representing a 36.4% increase [5]. Group 2: Financial Performance - For the first three quarters of 2025, Jiujiang Bank reported revenue of 8.03 billion RMB, a year-on-year decline of 4.04%, while net profit increased by 3.94%, recovering from a previous decline of 36.08% [7]. - As of the end of Q3 2025, the bank's total assets reached 521.334 billion RMB, marking a significant milestone [7]. Group 3: Capital Adequacy and Governance - Jiujiang Bank's core tier one capital adequacy ratio decreased to 8.63% by the end of September 2025, which is below the average level of 10.87% for commercial banks in China [7]. - The participation of major shareholders in the capital increase is seen as a stabilizing factor amid ongoing issues with problematic shareholders, which may lead to an improved governance and ownership structure [8].

Core Viewpoint - Jiujiang Bank (06190) announced a proposed non-public issuance of domestic shares and H-shares, with intentions from Jiujiang Municipal Finance Bureau and Industrial Bank to subscribe under certain conditions [1] Group 1: Issuance Details - The bank received letters of intent from Jiujiang Municipal Finance Bureau and Industrial Bank on January 23, 2026, regarding the subscription of shares [1] - Jiujiang Municipal Finance Bureau intends to subscribe for up to RMB 500 million in domestic shares, representing approximately 12.85% of the total funds raised in this issuance [1] - Industrial Bank's intended subscription amount will not exceed approximately 10.34% of the total funds raised, based on its current shareholding [1] Group 2: Purpose and Implications - The primary purpose of this issuance is to effectively supplement the bank's core tier one capital, enhancing its risk resilience and optimizing its equity structure [1] - The participation of major shareholders in the subscription indicates their positive outlook on the bank's future and support for its long-term development, which is beneficial for optimizing the capital structure and enhancing core competitiveness [1]

Core Viewpoint - Jiujiang Bank (06190) has announced a proposed non-public issuance of domestic shares and H-shares, with intentions from Jiujiang Municipal Finance Bureau and Industrial Bank to subscribe to the offering, subject to regulatory and shareholder approvals [1] Group 1: Issuance Details - The total amount intended for subscription by Jiujiang Municipal Finance Bureau does not exceed RMB 500 million, representing approximately 12.85% of the total funds raised in this issuance [1] - Industrial Bank intends to subscribe an amount not exceeding approximately 10.34% of the total funds raised, based on its current shareholding in the bank [1] Group 2: Purpose of the Issuance - The primary goal of this issuance is to effectively supplement the bank's core tier one capital, enhance its risk resilience, and optimize its equity structure [1] - The participation of major shareholders in the subscription indicates their positive outlook on the bank's future and long-term development, which is beneficial for optimizing the capital structure and enhancing the core competitiveness of its main business [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Bank of Jiujiang Co., Ltd.* * 6190 上市規則的涵義 公告 內幕消息及關連交易 主要股東認購方擬認購內資股 本公告乃由本行根據上市規則第13.09條及證券及期貨條例第XIVA部項下之內 幕消息條文（定義見上市規則）而作出。 茲提述本行日期為2025年10月31日之股份發行公告，內容有關（其中包括）建 議以特別授權非公開發行內資股及H股以及主要股東認購方擬認購內資股的潛 在關連交易。 主要股東認購事項 董事會欣然宣佈，本行已於今日收到九江市財政局及興業銀行於2026年1月23 日分別出具的意向函。根據該等意向函，在本次發行及主要股東認購事項獲得 所有必要的監管機構批准以及於臨時股東會及類別股東會議上獲股東批准的前 提條件下，九江市財政局有意認購的總金額不超過人民幣5億元的內資股，且 佔本次發行實際募集資金總額的比例不超過九江市財政局於意向函日期直接持 有本行的股權比例，即約 ...

Core Insights - The report highlights the need for improved sustainable information disclosure capabilities among small and medium-sized banks in China, revealing significant disparities influenced by regulatory pressures, market listing status, and regional characteristics [1][9]. Group 1: Research Findings - Finding 1: There is a notable divergence between mandatory and voluntary disclosures, with listed banks generally having more robust frameworks due to external compliance pressures, while non-listed banks rely heavily on management's strategic vision [3][4]. - Finding 2: Regional characteristics shape disclosure practices, with banks in green finance reform pilot areas leveraging policy advantages to innovate in areas like green credit and carbon accounting [5][6]. - Finding 3: Common capacity bottlenecks include insufficient internal motivation, weak data foundations, lack of organizational structure, and inadequate integration of environmental risks into core processes [7][8]. Group 2: Recommendations - The report proposes a tiered capability enhancement roadmap, suggesting banks improve internal governance, develop comprehensive ESG risk management systems, and establish practical climate risk stress testing mechanisms [8][9]. - Specific actions include clarifying board responsibilities for ESG oversight, creating dedicated departments, and developing localized carbon accounting practices [8].