江苏益友天元律师事务所 关于苏州银行股份有限公司控制权变更的 法律意见书 地址：苏州工业园区月亮湾路 15 号中新大厦 7 楼 邮编：215123 电话：0512-68240861 传真：0512-68253379 二〇二五年六月 | 目 录 2 | | --- | | 释 义 3 | | 一、上市公司基本情况 7 | | 二、国发集团基本情况 8 | | 三、上市公司控股股东、实际控制人的认定依据 8 | | 四、苏州银行控股股东、实际控制人的变更情况 9 | | 五、结论性意见 11 | 法律意见书 释 义 在本法律意见书内，除非文义另有所指，下列词语具有下述涵义： | 上市公司、公司、苏州 | 指 | 苏州银行股份有限公司 | | --- | --- | --- | | 银行 | | | | 国发集团、委托人 | 指 | 苏州国际发展集团有限公司 | | 东吴证券 | 指 | 东吴证券股份有限公司 | | 《公司法》 | 指 | 《中华人民共和国公司法》（2023 修订） | | 《证券法》 | 指 | 《中华人民共和国证券法》（2019 修订） | | 《收购管理办法》 | 指 | 《上市公司收购管理 ...

江苏新天伦律师事务所 Jiangsu New Talent Law Firm 江苏省苏州市工业园区苏桐路 37 号 4 号楼 3-4 层，邮编 215021 江苏新天伦律师事务所 关于 苏州银行股份有限公司控股股东和实际控制人变更 的 法律意见书 苏 州 工 业 园 区 苏 桐 路 3 7 号 4 号 楼 电 话 ( T e l ) : 0 5 1 2 - 6 5 1 5 2 0 5 6 传 真 ( F a x ) : 0 5 1 2 - 6 5 1 5 2 0 5 5 江苏新天伦律师事务所 Jiangsu New Talent Law Firm 江苏省苏州市工业园区苏桐路 37 号 4 号楼 3-4 层，邮编 215021 正文 致：苏州银行股份有限公司 江苏新天伦律师事务所（以下简称"本所"）接受苏州银行股份有限公司（以 下简称"苏州银行"或"公司"）委托，就苏州国际发展集团有限公司（以下称 国发集团）增持苏州银行股份后，苏州银行控股股东和实际控制人变更有关事宜 出具法律意见书。 本法律意见书的出具已得到苏州银行的如下保证： 1、其已向本所提供为出具本法律意见书所要求其提供的原始书面材料、副 本材料、复印 ...

苏州银行（002966）公告，国发集团及其一致行动人东吴证券合计持股比例由14%增加到15%。本次权 益变动不触及要约收购，变动后国发集团成为苏州银行控股股东，苏州市财政局成为实际控制人。 ...

金十数据6月30日讯，苏州银行公告称，国发集团及其一致行动人东吴证券通过增持公司股份，合计持 股比例由14%增加至15%。本次权益变动前，苏州银行不存在控股股东及实际控制人。变动后，国发集 团成为控股股东，苏州市财政局成为实际控制人。同日公告，国发集团及其一致行动人计划自2025年7 月1日起的6个月内，通过深圳证券交易所交易系统以集中竞价交易方式，合计增持不少于4亿元公司股 份。 苏州银行：苏州市财政局成为实际控制人 ...

Core Viewpoint - The peak period for cash dividend distribution among listed banks has arrived, with a significant increase in total cash dividends for 2024 compared to the previous year [1][2][3]. Summary by Sections Cash Dividend Distribution - As of June 27, 2024, 26 banks have implemented their cash dividend distribution plans, totaling 427.38 billion yuan [2][4]. - The total cash dividends for A-share listed banks are projected to reach 631.96 billion yuan in 2024, an increase of nearly 20 billion yuan from the previous year, representing a growth rate of 3.03% [3]. Dividend Increase - Nearly half of the A-share listed banks have advanced their dividend actions, with 14 banks completing both mid-term and year-end dividends by June 27 [4]. - A total of 39 out of 42 listed banks are expected to increase their cash dividends in 2024, with an overall increase of 18.6 billion yuan [5]. Major Contributors - The six major state-owned banks are the primary contributors to the dividend payouts, with total dividends exceeding 420 billion yuan [5]. - Industrial and Commercial Bank of China and China Construction Bank each have cash dividends exceeding 100 billion yuan, at 109.77 billion yuan and 100.75 billion yuan respectively [5][6]. Dividend Ratios - 14 banks have a cash dividend ratio exceeding 30% for 2024, with a slight decrease in the number of banks compared to 2023 [10]. - Notably, Ningbo Bank's cash dividend ratio increased by 6.3 percentage points to 21.91%, while Hu'nong Commercial Bank's ratio rose from 30.10% to 33.91% [10]. Mid-term Dividends - 23 A-share listed banks have implemented mid-term dividend plans, distributing a total of 257.71 billion yuan [8]. - Some banks, like Hu'nong Commercial Bank, have already proposed mid-term dividend plans for 2025 [9]. Challenges - Despite the increase in dividend frequency and ratios, the banking industry faces challenges such as narrowing interest margins and slowing revenue growth [12].

Investment Rating - The report maintains an "Overweight" rating for the banking sector, indicating a positive outlook for bank stocks despite recent short-term corrections [4]. Core Insights - The banking sector is expected to maintain its performance due to the relative advantage of dividend yields, stable earnings, and predictable dividends. The average dividend yield for major state-owned banks is 4.07%, with a significant spread of 2.42% over the 10-year government bond yield, placing it in the 49.10th percentile over the past decade [1][17]. - The report highlights that the insurance sector is likely to increase its allocation to high-dividend bank stocks, especially with anticipated reductions in preset interest rates for insurance products [1]. - The report anticipates a stable profit growth for banks, with a projected profit growth rate of 2.35% for listed banks in 2024, supported by substantial unrealized gains from self-owned bonds and a robust provisioning coverage ratio of 238% as of Q1 2025 [3][7]. Summary by Sections Section 1: Market Performance - The banking index experienced a nearly 3% decline on June 27, 2025, but the overall market sentiment remains positive due to the sector's dividend yield advantages and stable earnings [1]. Section 2: Fund Flows - Since the beginning of 2025, southbound funds have significantly increased their allocation to Hong Kong bank stocks, with a net inflow of approximately 680 billion yuan, of which 146.2 billion yuan is directed towards bank stocks [2]. Section 3: Earnings Stability - Historical data indicates that the banking sector has low earnings volatility, with profits showing stable positive growth. The report emphasizes the importance of unrealized gains from bond investments and strong provisioning as key factors supporting profit stability [3][7][8]. Section 4: Sector Outlook - The report suggests that while short-term export impacts may arise from tariff policies, long-term domestic policies aimed at stabilizing the real estate market and boosting consumption will benefit the banking sector. Specific banks such as Ningbo Bank, Postal Savings Bank, and China Merchants Bank are highlighted as potential investment opportunities [9]. Section 5: Key Data Tracking - The report includes various financial metrics, such as the average daily trading volume of stocks at 14,868.42 billion yuan and a margin balance of 1.83 trillion yuan, indicating active market engagement [10].

Regulatory Developments - Six departments, including the People's Bank of China, encourage financial institutions to increase loan support for eligible consumer industry entities [1] - The National Financial Supervision Administration issued the "Market Risk Management Measures for Commercial Banks," requiring banks to establish comprehensive stress testing procedures [1] - The "Implementation Plan for High-Quality Development of Inclusive Finance in Banking and Insurance" was released, focusing on enhancing inclusive credit systems and support for small and micro enterprises [1] Industry Insights - The four major state-owned banks have successfully completed a total of 520 billion yuan in capital increase through private placements, signaling stability in the banking sector [2] - Listed banks are experiencing a wave of capital increases, with significant shareholders increasing their stakes, indicating a potential revaluation of the banking sector [3] Mergers and Acquisitions - The Industrial and Commercial Bank of China has received approval to acquire Chongqing Bishan Rural Bank, marking the first instance of a state-owned bank participating in the "village-to-branch" reform [4] Corporate Actions - Ping An Life has increased its stake in China Merchants Bank to 15%, marking the third time it has done so this year, reflecting confidence in the bank's long-term investment value [5][6] - Luzhou Bank has paused its planned capital increase due to shareholder objections, with no new timeline for resuming the plan [6] - Suzhou Bank's major shareholder has completed an 856 million yuan stake increase [6] - China Great Wall Asset Management is transferring a 40.92% stake in Changjiang Huaxi Bank for a base price of 4.332 billion yuan, marking its exit after 11 years [6] Personnel Changes - Yang Jun has been appointed as a member of the Party Committee of the Bank of China [7] - Wang Dajun has been appointed as the Vice President of Agricultural Bank of China [8] - Qian Xi has been approved as the Chairman of Huaren Bank, which has total assets exceeding 430 billion yuan [9] - Zeng Xiaosong has been appointed as the President of Fudian Bank [10]

证券代码：002966 证券简称：苏州银行 公告编号：2025-062 苏州银行股份有限公司 关于监事辞职的公告 本行及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 孟卫元先生在本行任职期间恪尽职守、勤勉尽责，本行谨向孟卫元先生为 本行所做的贡献表示衷心感谢。 特此公告。 苏州银行股份有限公司监事会 2025 年 6 月 27 日 苏州银行股份有限公司（以下简称"本行"）近日收到本行股东监事孟卫元 先生的书面辞呈。因工作调整，孟卫元先生辞去本行股东监事职务，辞任后不再 担任本行及控股子公司任何职务，自 2025 年 6 月 27 日起生效。截至公告披露日， 孟卫元先生未持有本行股份。 孟卫元先生确认其与本行监事会无不同意见，也无任何与辞任有关而需通 知本行股东及债权人的事项。 ...

Investment Rating - The report maintains a "Buy" rating for Suzhou Bank, with an adjusted target valuation set at 1 times PB for 2025 [8]. Core Views - The report emphasizes the strong regional presence, substantial provisions, and excellent performance characteristics of Suzhou Bank, highlighting the significant shareholding increase by the major shareholder, Guofa Group, as a key catalyst for investment [8]. - The report notes that Guofa Group has increased its stake to approximately 14.6% and has completed a share buyback plan exceeding the lower limit, indicating confidence in the bank's long-term growth potential [6][8]. - The expected improvement in mid-year revenue performance and the bank's ability to maintain a leading position in profit growth within the industry are also highlighted [8]. Financial Data and Profit Forecast - Total operating income is projected to grow from 11,866.12 million in 2023 to 14,377.10 million by 2027, with a compound annual growth rate (CAGR) of approximately 7.17% [7]. - The net profit attributable to shareholders is expected to increase from 4,600.65 million in 2023 to 6,353.92 million in 2027, reflecting a growth rate of 8.29% by 2027 [7]. - The report anticipates a decrease in asset impairment losses from 1,647.96 million in 2023 to 2,223.63 million by 2027, indicating improved asset quality [7]. - The non-performing loan (NPL) ratio is projected to remain stable at around 0.82% from 2025 to 2027, with a high provision coverage ratio of over 420% expected to be maintained [7][8]. Shareholder Activity - Guofa Group has increased its holdings in Suzhou Bank four times since September 2024, accumulating a total of 2.2 billion shares for nearly 17 billion, demonstrating strong confidence in the bank's future [9]. - Following the approval of shareholder qualifications, Guofa Group's maximum holding limit has increased to 20%, allowing for further potential share purchases [8][9]. Valuation Comparison - As of June 26, 2025, Suzhou Bank's closing price is 9.13 yuan, with a market capitalization of 40,071 million yuan and a price-to-book (P/B) ratio of 0.79, indicating an approximate 11% discount compared to comparable peers [8][13]. - The report suggests that the current stock price corresponds to a 2025 P/B of 0.79, with an expected dividend yield of around 4.0%, providing a potential upside of 27% [8].

证券代码：002966 证券简称：苏州银行 公告编号：2025-061 苏州银行股份有限公司 关于收到国家金融监督管理总局江苏监管局 对有关股东资格批复的公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 苏州国际发展集团有限公司（以下简称"国发集团"）是苏州银行股份有限 公司（以下简称"本行"）第一大股东，截至本公告日直接持有本行股份比例为 14.6453%，与关联方合计持有本行股份比例为 14.7292%。根据《商业银行股权 管理暂行办法》第四条"投资人及其关联方、一致行动人单独或合计拟首次持有 或累计增持商业银行资本总额或股份总额百分之五以上的，应当事先报银监会或 其派出机构核准"的要求，国发集团作为持股比例 10%以上的股东，持股比例超 过 15%需要事先获得国家金融监督管理总局江苏监管局核准。 近日，本行收到《江苏金融监管局关于苏州银行变更股权的批复》（苏金复 〔2025〕201 号），同意国发集团股东资格。后续，本行将严格按照监管要求履 行相关信息披露义务。 特此公告。 苏州银行股份有限公司董事会 2025 年 6 月 26 日 ...