Core Viewpoint - Luzhou Bank has decided to postpone the submission of its non-public H-share issuance proposal to the shareholders' meeting, which was originally planned to raise at least HKD 1.85 billion by issuing up to 1 billion new H-shares at a minimum price of HKD 1.85 per share [1][2] Group 1: Shareholder Feedback and Decision - The decision to postpone was influenced by shareholder feedback regarding the non-public issuance proposal, leading the board to reconsider the plan [2][3] - The withdrawn proposals included several special resolutions for the annual shareholders' meeting and the first meetings of domestic and H-share shareholders, resulting in the cancellation of these meetings [2] Group 2: Governance and Future Plans - This situation highlights the importance of shareholder influence in major corporate decisions and reflects the company's governance standards [3] - The postponement is intended to allow management time to adjust the non-public issuance plan based on shareholder concerns, ensuring that future capital plans meet regulatory requirements and stakeholder interests [3] Group 3: Capital Needs and Market Position - Luzhou Bank, a state-owned enterprise, has a total share capital of approximately 2.718 billion shares, with major shareholders including Luzhou Laojiao Group and Sichuan Jiale Enterprise Group [4] - As of the end of 2024, the bank's core Tier 1 capital adequacy ratio was 8.27%, below the national average of 11.00%, indicating a continued need for capital supplementation [4] - The bank has been growing its asset base, reaching RMB 171 billion by the end of 2024, which represents an 8.48% increase from the previous year [4] Group 4: Future Capital Plans - The original plan to issue H-shares aimed to leverage the Hong Kong capital market for financing to enhance core Tier 1 capital and competitive strength [5] - Despite the postponement, the ongoing growth in asset size and relatively low capital adequacy ratio suggest that the need for capital supplementation remains significant [5] - Future capital plans, including potential "broken net issuance" or other strategies, may be revisited when market conditions and shareholder feedback align favorably [5]
股东意见引调整 泸州银行暂缓H股定增议案