Core Insights - Weihai Bank has signed a cooperation agreement with the state-owned capital operation company of Rushan City for the "Rushan Shellfish Carbon Sink Project," marking the first oyster carbon sink transaction in the province, purchasing 300 tons of CO₂ equivalent carbon credits for creating "zero-carbon" outlets [1][2] Group 1: Project Details - The "Rushan Shellfish Carbon Sink Project" is the first oyster carbon sink trading project in the province, highlighting Weihai's initiative in establishing a national green finance reform and innovation pilot zone [1] - Oysters act as "marine filters," absorbing CO₂ from seawater to form calcium carbonate shells, thus demonstrating significant carbon sink capabilities [1] Group 2: Bank's Strategic Initiatives - Weihai Bank is actively responding to the national "dual carbon" strategy, focusing on sustainable development with a core philosophy of "ecology, harmony, and win-win" [1] - The bank has implemented a systematic approach to low-carbon transformation, including a "carbon peak" work plan and initiatives like zero-carbon outlet demonstration projects and marine carbon sink trading [1] - Innovative financial products such as "green factory + CBAM-linked loans" and "carbon footprint-linked loans" have been introduced to support clean energy and emission reduction sectors, creating a virtuous cycle of "emission reduction and efficiency increase - financing cost reduction" [1] Group 3: Future Outlook - The purchase of oyster carbon credits not only aids in achieving carbon neutrality for the bank's outlets but also promotes the conversion of ecological value into economic value, reflecting the bank's commitment to green development [2] - Weihai Bank plans to continuously enhance its green financial service system, aligning with green development needs to create a comprehensive green financial solution encompassing "products - services - operations" [2]

Core Insights - Weihai Bank is focusing on building a "green finance" brand by expanding its innovative pathways in green finance, responding quickly to the funding gaps faced by enterprises in green projects [1] - The bank has established a tripartite linkage mechanism involving "head office business guidance + customized branch solutions + third-party professional evaluation" to effectively support green projects [1] - The recently issued green trade finance ABS adheres to the standards of the "Green Finance Support Project Directory (2025 Edition)" and is expected to yield significant environmental and social benefits [1][3] Financial Details - Weihai Bank successfully issued green trade finance ABS on the Shenzhen Stock Exchange, raising 172 million yuan to support local projects in flood prevention, energy conservation, and carbon reduction [3] - The projects funded are projected to save 15,700 tons of standard coal and reduce carbon dioxide emissions by 34,000 tons annually, showcasing both environmental and social benefits [1] Strategic Direction - The bank aims to continue promoting green development, enhancing its green finance innovation efforts, and enriching its green finance product system to support sustainable development for enterprises [1]

Group 1 - The nature of Weihai Bank is determined by its regulatory attributes and shareholder structure [1][8] - The bank is a local joint-stock commercial bank, non-state-owned, established in 1997, and listed in Hong Kong in 2020 [4] - Major shareholders include Shandong Highway Group with 38.12% and Weihai Finance Bureau with 12.67%, indicating a state-owned enterprise nature [4][8] Group 2 - Regulatory oversight is provided by the National Financial Supervision Administration, with local supervision by the People's Bank of China Jinan Branch [3] - The bank holds a full commercial banking license and has the qualification to conduct QFLP cross-border RMB business, being one of the first green finance pilot banks in Shandong Province [3] Group 3 - The bank's market positioning focuses on serving small and micro enterprises, with a secondary emphasis on rural revitalization [6] - Unique products include Blue Carbon Loans for offshore wind power and aquaculture enterprises, and a talent credit card with no annual fee for recipients of Weihai's talent program [6] Group 4 - The bank's non-performing loan ratio is 1.23%, lower than the average of 1.45% for city commercial banks [6] - Total assets amount to 538.7 billion, ranking above average among city commercial banks [6] - The capital adequacy ratio stands at 13.87%, meeting Basel III requirements [6] - The bank has 4.5 million mobile banking users, leading among city commercial banks in Shandong Province [6]

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: 2025年7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: 威海銀行股份有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 第 1 頁 共 10 頁 v 1.1.1 本月底法定/註冊股本總額： RMB 5,980,058,344 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 4,971,197,344 | | 0 | | 4,971,197,344 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | ...

Core Viewpoint - Weihai Bank plans to raise up to 3 billion yuan through a private placement of domestic shares and H-shares to improve its capital adequacy ratio and support business growth [1] Group 1: Capital Raising and Share Issuance - The bank's board will seek special authorization from shareholders for the issuance of up to approximately 758 million domestic shares and 154 million H-shares [1] - The net proceeds from the issuance will be used entirely to supplement the bank's core Tier 1 capital after deducting related issuance costs [1] - Major shareholders Shandong High-speed Group and Shandong High-speed Co., Ltd. intend to participate in the capital increase, with Shandong High-speed planning to subscribe for up to approximately 106 million domestic shares, totaling no more than approximately 348 million yuan [1] Group 2: Shareholding Structure - Shandong High-speed holds an 11.60% stake in Weihai Bank, while Shandong High-speed Group directly holds 35.56%, controlling a total of 47.16% of the bank [1] - Post-investment, the shareholding ratios of Shandong High-speed Group and Shandong High-speed in Weihai Bank will remain unchanged at 35.56% and 11.60%, respectively [1] Group 3: Industry Context - The core Tier 1 capital adequacy ratio of Weihai Bank was 9.31% at the end of 2024, showing a 0.54 percentage point increase from the end of 2023 but a 0.57 percentage point decrease from the end of 2020 [2] - There is increasing pressure on capital supplementation for small and medium-sized banks, particularly due to narrowing net interest margins and profitability challenges [2] - Over 10 small and medium-sized banks have received approval for capital increases or targeted placements this year, indicating a trend of regional state-owned capital actively participating in these efforts [2][3]

Core Viewpoint - Weihai Bank is initiating a new round of capital replenishment with the support of local state-owned assets, planning to issue up to 758 million domestic shares and 154 million H-shares to raise approximately 3 billion yuan for core tier one capital supplementation [2][3][4]. Group 1: Capital Raising Details - The planned issuance price is 3.29 yuan per share, representing a 22.6% premium over the secondary market price [3][4]. - The controlling shareholder, Shandong Expressway Group, will participate in the subscription while maintaining its current shareholding ratio, potentially investing 1.414 billion yuan, which accounts for 47% of the total fundraising target [3][5]. - The total fundraising amount is approximately 3 billion yuan, with 2.494 billion yuan from domestic shares and 506 million yuan from H-shares [4][5]. Group 2: Financial Performance and Capital Adequacy - As of March 2025, Weihai Bank's total assets exceeded 465 billion yuan, with a capital adequacy ratio of 12.72%, a tier one capital ratio of 9.89%, and a core tier one capital ratio of 8.47%, all showing a decline from the end of 2024 [3][7][8]. - The bank's total assets surpassed 400 billion yuan by the end of 2024, marking a 12.65% increase year-on-year, with loans and deposits also showing significant growth [7][8]. - The non-performing loan ratio was at a record low of 1.41% by the end of 2024, with a provision coverage ratio of 156.07%, indicating improved asset quality [8].

Core Viewpoint - Weihai Bank has successfully launched the "Product Carbon Footprint Linked Loan," providing 22 million yuan in credit support to a local chemical company, marking an innovation in green finance and contributing to the "dual carbon" goals [2] Group 1: Product Innovation - The "Product Carbon Footprint Linked Loan" ties the loan interest rate to the carbon footprint of the company's products, which includes the total greenhouse gas emissions during the production cycle [2] - The loan aims to incentivize companies to reduce carbon emissions by offering preferential interest rates if they meet or exceed pre-set fossil energy carbon emission targets [2] Group 2: Company Background - The local chemical company specializes in marine engineering anti-corrosion coatings, special functional coatings, and electronic adhesives [2] - The company has achieved a product carbon footprint report and green factory management system certification, enabling collaboration with a leading enterprise in the petrochemical industry [2] Group 3: Future Plans - Weihai Bank plans to continue developing green finance by providing customized, full-cycle financial solutions to support the green industry and enhance the competitiveness of enterprises in green development [3]

Group 1 - Weihai Bank plans to raise up to 3 billion yuan through a private placement of domestic shares and H-shares to improve its capital adequacy ratio and support business growth [1] - The bank's major shareholders, Shandong High-speed Group and Shandong High-speed Co., Ltd., intend to participate in the capital increase, with Shandong High-speed planning to subscribe for up to approximately 106 million shares, totaling around 348 million yuan [1] - As of the end of 2024, Weihai Bank's core Tier 1 capital adequacy ratio is 9.31%, showing a slight increase from 2023 but a decrease from 2020 [2] Group 2 - The trend of local state-owned capital actively participating in the capital increase of regional small and medium-sized banks indicates confidence in the banks' development prospects [3] - The capital replenishment is crucial for small and medium-sized banks to ensure business growth and manage rising risks, especially in the context of narrowing net interest margins and pressure on bank profitability [2]

Core Viewpoint - Shandong Hi-Speed Company plans to participate in the capital increase of its associate, Weihai Bank, by subscribing to a maximum of 105,816,432 domestic shares at a price of 3.29 yuan per share, totaling up to approximately 348.14 million yuan, to enhance the bank's core tier one capital [2][4][15]. Group 1: Transaction Overview - Weihai Bank intends to issue shares to raise no more than 3 billion yuan for enhancing its core tier one capital [2][4]. - The company will maintain an 11.60% stake in Weihai Bank post-investment [2][4]. - The internal rate of return for this project is estimated at 6.63%, with a static payback period of 16.73 years [4]. Group 2: Transaction Details - The transaction has been approved by the company's board and does not require shareholder approval [3][5]. - The company has engaged in two related transactions with its controlling shareholder, Shandong Hi-Speed Group, totaling 709.7 million yuan in the past 12 months [3][7]. - The share subscription agreement has not yet been signed, and there may be risks associated with the execution of the agreement [3][19]. Group 3: Financial Performance of Weihai Bank - Weihai Bank's total revenue over the past three years was 8.291 billion yuan, 8.735 billion yuan, and 9.316 billion yuan, with year-on-year growth rates of 12.39%, 5.36%, and 6.65% respectively [11]. - The bank's corporate banking segment showed revenue growth rates of 9.58%, 5.03%, and 14.21% over the same period [11]. - The retail banking segment experienced revenue growth rates of 15.29%, -0.45%, and -4.46% [12]. Group 4: Regulatory and Compliance Aspects - The transaction complies with relevant laws and regulations, including the Company Law and Securities Law [25]. - The transaction price is based on the latest audited net asset value per share of Weihai Bank, ensuring fairness and alignment with the company's interests [17]. - The bank's credit status is normal, and it has not been listed as a dishonest executor [9].

Key Points - Tibet Tourism may apply for suspension of trading if significant abnormalities occur in stock transactions [1] - Southern Road Machinery's stock price has deviated from its fundamental situation [1] - Industrial Fulian's major customers and products have not undergone significant changes [1] - Yingweike has established a relatively complete liquid cooling technology and product solution capability [1] - Victory Energy's operational situation remains normal with no significant changes in the internal and external business environment [1] - Qizheng Tibetan Medicine's operational situation is normal with no significant changes in the internal and external business environment [1] - Dongxin Co. states that its investment in Shanghai Lishuan's chip products is not applicable for large model computing clusters [1] - Guosheng Co. has obtained project filing related to PEEK from its wholly-owned subsidiary [1] - Action Education's actual controller proposed a mid-term dividend of 10 yuan per 10 shares [1] Mergers and Acquisitions - Darui Electronics plans to acquire 80% of Weiste's equity through capital increase and share acquisition [1] - Dashengda intends to acquire 30% equity of Thailand's Far East [1] Financing - Aoshikang plans to issue convertible bonds not exceeding 1 billion yuan for high-end printed circuit board projects [1] - Sixuan New Materials intends to raise no more than 466 million yuan through a private placement [1] - Changhua Chemical plans to raise no more than 230 million yuan for a carbon dioxide polyether project [1] Share Buybacks and Reductions - Fuanna plans to repurchase shares worth between 55.85 million and 104 million yuan [1] - Jiangnan Yifan's board member intends to increase his stake in the company [1] - Jieya Co. and its concerted parties plan to reduce their holdings by no more than 4.95% [1] - Other companies including Tongda Co., Haohan Deep, and Wanhu Chemical also plan to reduce their holdings [1] Operational Data - Sinopec expects a net profit decline of 39.5% to 43.7% year-on-year for the first half of the year [1] - Qingdao Bank reported a net profit of 3.065 billion yuan for the first half, up 16.05% year-on-year [1] - Daodaquan's net profit increased by 563.15% year-on-year, proposing a dividend of 1.76 yuan per 10 shares [1] - Zhengdan Co. reported a net profit increase of 120.35% year-on-year, proposing a dividend of 3 yuan per 10 shares [1] - Other companies reported varying profit changes, including losses and significant increases [1] Contracts and Major Investments - Sanhui Electric signed a framework contract for robot equipment sales [1] - Zhejiang University Network New's subsidiary won a smart engineering project worth 94.2712 million yuan [1] - New Aluminum Times plans to invest no less than 500 million yuan in a project for lightweight, high-strength auto parts [1] - Zhishang Technology will use part of its raised funds for a smart manufacturing production base in Vietnam [1]