Zheng Quan Zhi Xing·2025-06-20 10:50Core Viewpoint - China Postal Savings Bank is set to issue A-shares to specific investors, having received approval from the China Securities Regulatory Commission (CSRC) for the issuance process and compliance of subscription objects [1][2]. Summary by Sections Issuance Overview - The A-shares to be issued are domestic listed ordinary shares with a par value of RMB 1.00 per share [2]. - The issuance will be conducted through a targeted offering [3]. - The total amount raised from this issuance is RMB 130 billion, with net proceeds after deducting issuance costs amounting to RMB 129.96 billion [3][10]. Subscription Details - The issuance targets the Ministry of Finance, China Mobile Group, and China Shipbuilding Group, with subscription amounts of RMB 117.58 billion, RMB 7.85 billion, and RMB 4.57 billion respectively [3][4]. - The issuance price is set at RMB 6.32 per share, adjusted to RMB 6.21 per share after the distribution of dividends [4][5]. Issuance Quantity and Restrictions - A total of 20,933,977,454 shares will be issued, not exceeding 30% of the total share capital prior to the issuance [6]. - The shares subscribed by the Ministry of Finance, China Mobile Group, and China Shipbuilding Group will be subject to a five-year lock-up period [6]. Compliance and Approval Process - The issuance has undergone necessary internal decision-making and external approval processes, receiving consent from the Financial Regulatory Bureau and the CSRC [8][13]. - The issuance process complies with relevant laws and regulations, including the Company Law and Securities Law [13][14]. Information Disclosure - The company has adhered to information disclosure requirements as mandated by the Shanghai Stock Exchange and the CSRC [12][13]. Investor Suitability - The Ministry of Finance, China Mobile Group, and China Shipbuilding Group have confirmed that their funding sources for the subscription are legal and compliant [11][12].