Capital and Structure - The registered capital of Weihai Bank is RMB 5,980 million[6]. - The bank was officially renamed from Weihai Commercial Bank to Weihai Bank on February 26, 2025[8]. - The registered capital of Tongda Financial Leasing is RMB 1.65 billion, with the company holding 54.55% equity[154]. - The company has issued a total of 5,980,058,344 shares, including 4,971,197,344 domestic shares and 1,008,861,000 H-shares[185]. - The largest shareholder, Shandong Expressway Group, holds 2,126,237,528 shares, representing 35.56% of total shares[188]. - The domestic state-owned legal person shares account for 53.21% of the total shares[186]. - As of the reporting period, the total number of domestic shareholders is 1,037[187]. - Shandong Gaosu Group Company holds approximately 70.57% of the equity in Shandong Gaosu, making it the controlling shareholder[191]. - Xin Du Group Limited indirectly holds 71,003,000 H-shares, representing 1.19% of the bank's equity[190]. - Other major shareholders include Weihe City Finance Bureau and Shandong Global Fishing Tackle Co., Ltd., with no significant actions reported during the reporting period[196][198]. - The board consists of 14 directors, including 4 executive directors, 5 non-executive directors, and 5 independent non-executive directors[200]. Operational Performance - The bank's mid-term financial report for 2025 has been reviewed by KPMG according to Hong Kong's review standards[4]. - The bank's board of directors unanimously approved the mid-term performance announcement on August 28, 2025[4]. - The report period covers six months ending June 30, 2025[5]. - Net interest income for the first half of 2025 reached RMB 3,647.9 million, an increase of 5.33% compared to RMB 3,463.3 million in the same period of 2024[10]. - Total operating income rose to RMB 5,056.4 million, reflecting a growth of 10.98% from RMB 4,556.0 million year-on-year[10]. - The net profit for the first half of 2025 was RMB 1,257.0 million, up 5.79% from RMB 1,188.2 million in the same period of 2024[10]. - The company achieved a net profit of RMB 1.257 billion in the first half of 2025, an increase of RMB 0.069 billion, representing a growth of 5.79% compared to the same period last year[25]. - Operating income reached RMB 5.056 billion, up RMB 0.500 billion, reflecting a growth of 10.98% year-on-year[25]. - The total operating expenses rose to RMB 1,087.1 million, reflecting a 12.01% increase from RMB 970.5 million in the previous year[54]. Financial Position - The total assets as of June 30, 2025, amounted to RMB 483,843.0 million, representing a 9.60% increase from RMB 441,463.8 million at the end of 2024[21]. - The total loans increased to RMB 229,282.5 million, marking a growth of 9.01% from RMB 210,331.2 million at the end of 2024[21]. - The total deposits increased to RMB 330,859.2 million, reflecting a growth of 12.73% from RMB 293,489.5 million at the end of 2024[21]. - Total liabilities as of June 30, 2025, amounted to RMB 451.34 billion, an increase of RMB 40.68 billion or 9.90% compared to December 31, 2024[93]. - Customer deposits, the main source of funding, reached RMB 339.39 billion, up RMB 37.44 billion or 12.40% from the end of 2024, accounting for 75.20% of total liabilities[96]. - Total equity as of June 30, 2025, was RMB 32.50 billion, an increase of RMB 1.70 billion or 5.53% from December 31, 2024[101]. - The company’s loans secured by collateral amount to RMB 83.88 billion, representing 36.58% of total loans as of June 30, 2025[78]. - The company’s loans in Weihai City total RMB 83.13 billion, accounting for 36.26% of total loans[80]. - The company’s commercial acceptance bills amount to RMB 5.00 billion, which is 28.14% of the total discount bills as of June 30, 2025[77]. Risk Management - The bank has established a comprehensive risk management system covering various risk types, including credit, market, operational, liquidity, and interest rate risks, ensuring sustainable and healthy business development[165]. - The bank's credit risk management framework includes differentiated credit access policies and a robust monitoring mechanism, with a focus on early detection and response to potential risks[166]. - The bank has implemented dynamic liquidity management measures, adjusting asset-liability structures to ensure liquidity risks are manageable and compliant with regulatory requirements[170][171]. - The bank's operational risk management includes stress testing and knowledge assessments to enhance staff awareness and capabilities in risk prevention[168]. - The company has strengthened its information technology risk management, enhancing its risk prevention capabilities to ensure stable business operations[175]. - The company anticipates a stable economic outlook for the second half of the year, supported by effective fiscal and monetary policies, with a focus on boosting domestic demand and investment[182]. Digital Transformation and Innovation - The company is actively pursuing a digital transformation project to enhance its digital marketing capabilities and intelligent risk control[24]. - The bank's digital transformation strategy focuses on data standardization and online intelligence, significantly improving operational efficiency and customer experience[151]. - The bank has a total of approximately 733,300 online banking customers, including about 71,600 corporate banking customers and approximately 661,700 retail banking customers[146]. - The total transaction amount processed through the online banking platform during the reporting period was 628.471 billion yuan[146]. - The bank has approximately 3.9502 million mobile banking users, with a total transaction amount of 107.677 billion yuan processed through the mobile banking platform during the reporting period[147]. - The video banking service processed a total of 52,021 transactions during the reporting period, representing a year-on-year growth of 58.1%[149]. - The bank's intelligent service robot "Xiao Wei" can respond in 1.5 seconds with an accuracy rate of 95%[149]. - The bank has 487 self-service banking facilities, including 244 smart devices, enhancing customer service and operational efficiency[144]. Sustainability and Green Finance - The balance of green loans amounted to RMB 52.860 billion, an increase of 41.80% since the beginning of the year[25]. - The company established a dedicated green finance department to enhance its focus on sustainable financial services[24]. - The company signed the United Nations Principles for Responsible Banking, becoming the first city commercial bank in Shandong Province to do so[24]. - The company is committed to a transformation strategy focusing on marketization, specialization, refinement, and digitization[25]. Compliance and Governance - The company emphasizes compliance and risk awareness to ensure stable and sustainable development[184]. - Anti-money laundering measures were strengthened, with no incidents of money laundering or terrorist financing activities reported during the period[180]. - Legal risk management was improved through online document review and enhanced supervision of legal service providers[181]. - The company established a 24/7 reputation risk monitoring mechanism to identify, report, and control reputation risks effectively, with no major reputation risk events reported during the period[177].

Core Insights - Weihai Bank received the first prize in the financial industry development performance assessment and the agricultural guarantee special assessment award at a financial support conference for high-quality economic development [1] - The bank's president, Zhang Wenbin, was recognized as a "Financial Talent" for 2024, while vice president Zhang Lei was awarded "Financial Star" for 2024 [1] Group 1: Financial Performance and Recognition - Weihai Bank was awarded for its performance in financial industry development and agricultural guarantee, highlighting its commitment to supporting local economic growth [1] - The recognition of key personnel within the bank reflects its leadership in the financial sector and its contributions to regional development [1] Group 2: Commitment to Green Development - The bank has focused on enhancing financial services to support the local economy, particularly through green development initiatives [1] - It has introduced various green financial products such as "Green Factory Loan," "Transformation Loan," "Energy Efficiency Loan," and "Low Carbon Park Loan" to promote low-carbon transformation [1] - Weihai Bank is the first city commercial bank in Shandong Province to sign the United Nations' "Principles for Responsible Banking," demonstrating its commitment to sustainable finance [1] Group 3: Future Directions - Moving forward, Weihai Bank aims to leverage its recent awards to deepen its integration into the green low-carbon high-quality development initiatives in Shandong Province [2] - The bank plans to adopt innovative strategies and practical measures to contribute to local economic development [2]

Group 1 - The core idea of the news is the "Environmental Exchange" public welfare activity organized by Weihai Bank's Huancui Branch, aimed at reducing resource waste and promoting a low-carbon lifestyle [1] - The activity includes two main areas: a waste battery exchange for salt and a book exchange, encouraging community participation without any barriers [1] - The Huancui Branch has collaborated with 17 communities and the local sanitation department to organize over 10 activities this year, involving more than 300 residents [1] Group 2 - The practices of Huancui Branch reflect Weihai Bank's commitment to green development, including innovative green financial products and zero-carbon operations [2] - Weihai Bank aims to deepen green financial innovation and expand its green development ecosystem while advocating for low-carbon lifestyles [2] - The bank is focused on contributing to social low-carbon transformation through multi-dimensional and systematic approaches [2]

Group 1: Stablecoin Regulation in Hong Kong - The implementation of the Stablecoin Regulation began on August 1, with 77 applications received by the Hong Kong Monetary Authority (HKMA) by August 31, from various sectors including banks, tech companies, and e-commerce [1] - The HKMA reiterated that only a limited number of stablecoin licenses will be issued in the initial phase of the regulation [1] Group 2: Market Developments - Hong Kong Exchanges and Clearing Limited (HKEX) announced an optimization of its collateral arrangements, reducing the financing cost for non-cash collateral from 0.5% to 0.25% [3] - The total trading amount of Hong Kong Stock Connect by brokers reached HKD 12.76 trillion in the first half of 2025, with cross-border business stock reaching CNY 19.7 trillion [4] Group 3: Corporate Actions - JD Group announced a voluntary public acquisition offer for CECONOMY AG at a price of €4.60 per share [5] - New World Development's controlling shareholder is considering injecting approximately HKD 10 billion into the company, seeking partners for a joint venture [6] - Weihai Bank entered into a conditional agreement to issue up to 430 million domestic shares [7][8] - Zheshang Bank plans to invest CNY 9.94 billion to increase its stake in Zheshang Financial Leasing to 54.04% [9] Group 4: Industry Performance - BYD reported August sales of 373,600 new energy vehicles, a slight increase from 373,100 units year-on-year, with a cumulative sales growth of 23% for the first eight months [13] - Geely's total vehicle sales in August reached 250,200 units, a year-on-year increase of approximately 38% [14] - NIO delivered 31,305 vehicles in August, marking a 55.2% year-on-year growth [16] - XPeng Motors achieved a record delivery of 37,709 smart electric vehicles in August, a 169% increase year-on-year [16] Group 5: Regulatory Approvals - Fuhong Hanlin received FDA approval for two products, BILDYOS® and BILPREVDA®, for specific osteoporosis treatments, marking a significant milestone in the company's international market presence [18][19]

Group 1 - The core point of the announcement is that Weihai Bank has entered into conditional agreements with Shandong Hi-Speed Group and Shandong Hi-Speed for the subscription of domestic shares, totaling up to 430,030,394 shares at a price of RMB 3.29 per share [1] - The total investment from Shandong Hi-Speed Group and Shandong Hi-Speed is expected to be approximately RMB 1,066,663,935 and RMB 348,136,062 respectively [1] - The funds raised from this issuance will be used entirely to supplement the bank's core tier one capital after deducting related issuance costs [1] Group 2 - The board believes that the subscription by Shandong Hi-Speed demonstrates the confidence of the controlling and major shareholders in the bank [1] - This capital increase is expected to enhance the bank's capital adequacy ratio, ensuring compliance with regulatory requirements and supporting stable growth in various business operations [1] - Ultimately, the initiative aims to effectively support the development of the real economy [1]

Group 1 - Weihai Bank (09677) announced a conditional subscription agreement with Shandong Hi-Speed Group and Shandong Hi-Speed, involving the issuance of up to 432 million domestic shares at a subscription price of RMB 3.29 per share [1] - The total investment from Shandong Hi-Speed Group and Shandong Hi-Speed is expected to be approximately RMB 10.67 billion and RMB 3.48 billion, respectively, equivalent to about HKD 11.71 billion and HKD 3.82 billion [1] - The funds raised from this issuance will be used to supplement the bank's core tier 1 capital after deducting related issuance costs [1] Group 2 - The board believes that the subscription by Shandong Hi-Speed demonstrates confidence from the controlling and major shareholders in the bank [1] - This capital increase is expected to enhance the bank's capital adequacy ratio, ensuring compliance with regulatory requirements and supporting stable business growth [1] - The issuance will require shareholder approval at a special general meeting and a class meeting due to changes in the bank's domestic and H-share holder rights [1]

Core Viewpoint - Weihai Bank has entered into conditional agreements with Shandong Hi-Speed Group and Shandong Hi-Speed for the subscription of domestic shares, aiming to enhance its capital adequacy and support business growth [1] Group 1: Subscription Agreement Details - The bank will issue up to 324 million domestic shares to Shandong Hi-Speed Group and up to 106 million domestic shares to Shandong Hi-Speed, totaling no more than 430 million domestic shares [1] - The subscription price is set at RMB 3.29 per share, with total contributions not exceeding RMB 10.67 billion and RMB 3.48 billion from the respective parties [1] Group 2: Purpose of Fundraising - The net proceeds from the issuance, after deducting related expenses, will be used entirely to replenish the bank's core tier 1 capital [1] - The board believes that the subscription by Shandong Hi-Speed demonstrates confidence from the controlling and major shareholders in the bank [1] Group 3: Regulatory Compliance and Meetings - The issuance will require special authorization and will result in changes to the rights of domestic and H-share holders as per the company's articles of association [1] - A temporary shareholders' meeting and a class shareholders' meeting will be convened to seek shareholder approval for the special authorization [1] Group 4: Impact on Capital Adequacy - The transaction is expected to improve the bank's capital adequacy ratio, ensuring compliance with regulatory requirements and supporting stable business growth [1] - This initiative is aimed at effectively supporting the development of the real economy [1]

Core Viewpoint - Weihai Bank has entered into conditional agreements with Shandong Hi-Speed Group and Shandong Hi-Speed for the subscription of domestic shares, indicating strong confidence from major shareholders and aiming to enhance the bank's capital adequacy ratio [1] Group 1: Subscription Agreement Details - The agreements involve the conditional subscription of up to 324,213,962 and 105,816,432 domestic shares, totaling a maximum of 430,030,394 shares [1] - The subscription price is set at RMB 3.29 per share, with total contributions not exceeding RMB 1,066,663,935 and RMB 348,136,062 from Shandong Hi-Speed Group and Shandong Hi-Speed, respectively [1] Group 2: Use of Proceeds - The net proceeds from the share issuance, after deducting related issuance costs, will be used entirely to replenish the bank's core tier one capital [1] - The board believes that the subscription will help demonstrate the confidence of the controlling and major shareholders in the bank, as well as improve the bank's capital adequacy ratio to meet regulatory requirements [1] Group 3: Business Implications - The capital increase is expected to support the bank's stable growth in various business areas and ultimately contribute to the development of the real economy [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的內容概不 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的任何損失承擔任何責 任。 WEIHAI BANK CO., LTD.* 威海銀行股份有限公司* （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：09677） 訂立內資股認購協議 及 山東高速認購方認購內資股的關連交易 茲提述本行日期為2025年7月31日 的 公 告，內 容 關 於（其 中 包 括）本行建議向 特 定 對 象 發 行 內 資 股、建 議 非 公 開 發 行H股以及控股股東及主要股東擬認購 內 資 股 的 潛 在 關 連 交 易。 訂立內資股認購協議 董 事 會 欣 然 宣 佈，於2025年9月1日，本 行 分 別 與 山 東 高 速 集 團 及 山 東 高 速 訂 立 附 生 效 條 件 的 內 資 股 認 購 協 議。據 此，山 東 高 速 集 團 及 山 東 高 速 分 別 有 條 件 同 意 認 購，且 ...

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8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9月1日 I. 法定/註冊股本變動 | 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 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,971,197,344 RMB | | | 1 RMB | | 4,971,197,344 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 4,971,197,344 RMB | | | 1 RMB | | 4,971,197,344 | FF301 II. 已發行股份 ...