INDUSTRIAL BANK(SH:601166) Zheng Quan Zhi Xing·2025-05-28 11:03Summary of Key Points Core Viewpoint - The announcement details an increase in shareholding by the Fujian Provincial Department of Finance and its acting party, Fujian Financial Investment Co., Ltd., in Industrial Bank Co., Ltd. through the conversion of convertible bonds, resulting in a total shareholding of 20.57% without triggering a mandatory bid or changing control [1][2]. Group 1: Shareholding Changes - The Fujian Provincial Department of Finance and Fujian Financial Investment Co., Ltd. now hold a combined total of 4,353,660,826 shares, representing 20.57% of the total ordinary shares of the company [1][2]. - Prior to the increase, the Fujian Provincial Department of Finance held 453,262,382 shares (2.18%), and after the conversion, it holds 841,742,201 shares (3.98%) [2]. - Fujian Financial Investment Co., Ltd. holds 3,511,918,625 shares, which is a slight decrease from 16.91% to 16.59% after the conversion [2]. Group 2: Convertible Bonds Details - The convertible bonds, known as "Xingye Convertible Bonds," were issued with a total amount of 50 billion RMB and began trading on January 14, 2022 [1]. - The conversion period for these bonds is from June 30, 2022, to December 26, 2027, with a conversion price set at 22.25 RMB per share starting from July 9, 2024 [2]. Group 3: Control and Governance - The increase in shareholding does not involve any change in control, and the company maintains its status of having no controlling shareholder or actual controller [1][3]. - The announcement confirms compliance with relevant regulations regarding the disclosure of equity changes [4].