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]