Core Viewpoint - China Construction Bank (CCB) plans to issue A-shares to specific investors, primarily the Ministry of Finance, to raise up to RMB 105 billion to strengthen its core Tier 1 capital and support sustainable business growth [5][20][25]. Group 1: Issuance Overview - The issuance aims to enhance CCB's risk absorption capacity and optimize its capital structure, aligning with regulatory requirements for TLAC (Total Loss-Absorbing Capacity) [20][21]. - The issuance price is set at RMB 9.27 per share, which is 80% of the average trading price over the 20 trading days prior to the pricing benchmark date [10][11]. - The total number of shares to be issued will not exceed 30% of the total share capital before the issuance [11][12]. Group 2: Use of Proceeds - The funds raised will be used entirely to supplement CCB's core Tier 1 capital, supporting future business development [13][20]. - The issuance is deemed necessary to maintain CCB's role in supporting the real economy and enhancing its risk management capabilities [20][21]. Group 3: Regulatory and Approval Process - The issuance requires approval from the China Banking and Insurance Regulatory Commission, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [3][14]. - The decision for the issuance is valid for twelve months from the date of approval by the relevant shareholder meetings [13]. Group 4: Impact on Financial Metrics - Post-issuance, CCB's net asset scale will increase, potentially leading to a short-term dilution of earnings per share and return on equity, but long-term benefits are expected as capital strengthens [25][27]. - The issuance is projected to improve CCB's capital adequacy ratios, enhancing its ability to withstand financial risks [27][28].

Core Viewpoint - China Construction Bank is issuing A-shares to specific investors, raising up to RMB 105 billion to strengthen its core tier one capital and enhance its capital structure, thereby supporting sustainable business development [1][7][8] Group 1: Impact of the Issuance - The issuance will dilute immediate returns for shareholders, with basic earnings per share expected to decrease from RMB 1.31 to RMB 1.28 under a no-growth scenario for 2025 [2][5] - In scenarios with projected net profit growth rates of 3% and 6%, basic earnings per share are estimated to be RMB 1.32 and RMB 1.36 respectively after the issuance [5][11] Group 2: Necessity of the Issuance - The issuance is necessary to support the high-quality development of the real economy, enhancing the bank's ability to provide financial support during economic transformation [7][8] - It aims to improve risk resistance capabilities, ensuring the bank can maintain a safety margin amid market changes and unexpected events [8][12] - The issuance will help meet regulatory requirements for Total Loss-Absorbing Capacity (TLAC), which is crucial for the bank's international competitiveness [8][9] Group 3: Use of Proceeds - The funds raised will be used entirely to supplement the bank's core tier one capital, supporting long-term sustainable development [9][10] - The bank has a comprehensive plan for personnel training and technological advancement to ensure effective utilization of the raised capital [9][10] Group 4: Measures to Mitigate Dilution - The bank plans to optimize its business structure and maintain coordinated growth of assets and liabilities to mitigate the dilution of immediate returns [11][12] - It will focus on creating differentiated competitive advantages and enhancing service quality in various financial sectors [11][12] - The bank is committed to protecting the rights of minority shareholders and ensuring reasonable returns through a well-defined profit distribution system [12][13]

的公告 股票代码：601939 股票简称：建设银行 公告编号：临 2025-016 中国建设银行股份有限公司 关于引入中华人民共和国财政部战略投资 董事会审议通过了《关于中国建设银行股份有限公司向特定对象发行 A 股股票方案的议案》等议案，拟通过向特定对象发行 A 股股票（以 下简称本次发行）的方式引入中华人民共和国财政部（以下简称财政 部）战略投资。 一、引入财政部战略投资的目的 为全面贯彻落实党中央、国务院针对向国有大型商业银行补充核 心一级资本的决策部署，巩固提升大型商业银行稳健经营发展的能力， 提升金融服务实体经济质效，深度践行金融工作的政治性、人民性， 积极做好"五篇大文章"，本行拟引入财政部参与本次发行，实现财 政部对本行的战略投资，进一步增强风险抵补能力，有序满足 TLAC 达标等监管要求，保持关键指标均衡协调，提高长期可持续发展能力， 更好的服务实体经济高质量发展。 二、引入财政部战略投资的合理性 财政部战略投资本行可优化国有资本布局，有利于增强财政政策 传导效能，通过资本纽带强化国家战略执行，推动宏观经济持续回升 向好，践行国有资本服务国计民生的责任。财政部投资本行，将有助 于本行持续打造差 ...

中国建设银行股份有限公司 未来三年（2025 年-2027 年）股东回报规划 根据《上市公司监管指引第 3 号——上市公司现金分红》等相关 要求，为明确中国建设银行股份有限公司（以下简称"本行"）对股 东的合理投资回报规划，完善现金分红政策，增加利润分配决策透明 度和可操作性，便于股东对本行经营和利润分配进行监督，本行制订 了《中国建设银行股份有限公司未来三年（2025 年-2027 年）股东回 报规划》（以下简称"本规划"） ，具体内容如下。 （一）严格贯彻落实监管要求。本行积极落实中国证券监督管理 委员会和上海证券交易所对上市公司利润分配及现金分红政策的监 管要求，依法合规履行利润分配决策程序。本行确保利润分配后，满 足相关法律法规和监管机构对资本充足率等监管指标的规定。 （二）切实维护股东合法权益。本行积极履行本行的社会和法律 责任，切实维护股东的合法权益，为投资者提供合理的投资回报。 （三）保持资本金规模与可持续发展需要相匹配。本行在确定股 利分配政策时，将充分考虑本行所处发展阶段的影响，使本行资本金 能够满足正常经营和可持续发展需要，支持各项业务保持良好发展态 势。 （四）充分保障股东利益。本行鼓励 ...

股票代码：601939 股票简称：建设银行 公告编号：临 2025-017 认购人（甲方）：中华人民共和国财政部 发行人（乙方）：中国建设银行股份有限公司 中国建设银行股份有限公司 关于签署《附条件生效的股份认购协议》的 公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国建设银行股份有限公司 （以下简称本行） 董事会审议通过了《关于中国建设银行股份有限公司与特定对象签署 <附条件生效的股份认购协议> 的议案》，同意本行与中华人民共和国 财政部（以下简称财政部）签署附条件生效的股份认购协议，主要内 容如下： 一、协议主体和签署时间 签署时间：2025 年 3 月 30 日 二、认购价格 （一）本次发行的定价基准日为乙方审议通过本次发行的董事会 决议公告日。本次发行股票的价格为 9.27 元/股，不低于定价基准日 前 20 个交易日（不含定价基准日）乙方 A 股股票交易均价的 80%。 定价基准日前 20 个交易日 A 股股票交易均价=定价基准日前 20 个交 易日乙方 A 股股票交易总额/定价基准日前 20 个交易日乙方 ...

Core Viewpoint - The independent directors of China Construction Bank (CCB) have reviewed and approved the report on the issuance of A-shares to specific targets, affirming its alignment with the bank's strategic goals and regulatory requirements [1][2]. Summary by Relevant Sections Issuance Necessity - The report comprehensively considers the bank's actual situation, industry status, future development trends, and strategic plans, justifying the necessity of the securities issuance [1]. Selection of Issuance Targets - The report discusses the appropriateness of the selection range, quantity, and criteria for the issuance targets, ensuring they align with the bank's interests [1]. Pricing Principles - The principles, basis, methods, and procedures for the pricing of the issuance are deemed reasonable, supporting the overall fairness of the issuance plan [1]. Feasibility of Issuance Method - The feasibility of the proposed issuance method is confirmed, indicating a well-structured approach to the capital raise [1]. Impact on Shareholder Rights - The report addresses the potential dilution of existing shareholders' rights and outlines specific measures to mitigate this impact, ensuring the protection of shareholder interests [1].

股票代码：601939 股票简称：建设银行 公告编号：临 2025-020 中国建设银行股份有限公司 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 会议召开时间：2025年3月31日（星期一）16:30-17:30 ? 会议召开方式：网络文字互动 ? 参会网址：上证路演中心（https://roadshow.sseinfo.com） ? 投资者可于2025年3月31日（星期一）12:00前将相关问题通过 电子邮件的形式发送至中国建设银行股份有限公司（以下简称本行） 投资者关系邮箱ir@ccb.com或在会议召开时提问。本行将于投资者说 明会上对投资者普遍关注的问题进行回答。 一、投资者说明会类型 关于召开投资者说明会的公告 投资者说明会通过网络文字互动方式召开，本行将针对向特定对 象发行 A 股股票有关事宜与投资者进行交流，并对投资者普遍关注 的问题进行回答。 二、投资者说明会召开的时间、方式和参会网址 （一）会议召开时间：2025 年 3 月 31 日（星期一）16:30-17:30 （二）会议召开方式： ...

Core Viewpoint - China Construction Bank plans to issue A-shares to raise up to RMB 105 billion to enhance its core tier one capital, supporting future business development and improving risk resilience [2][8]. Fundraising Purpose - The raised funds will be used entirely to supplement the bank's core tier one capital, which is essential for supporting future business growth [2]. Necessity of the Issuance - The issuance is necessary to support high-quality development of the real economy, enhance risk absorption capacity, meet TLAC regulatory requirements, and improve long-term sustainable development capabilities [3][4][5]. Feasibility of the Issuance - The issuance complies with relevant laws and regulations, and it is deemed feasible. The bank aims to enhance its competitive advantage and provide high-quality financial services [3][6]. Impact on Financial Management - The issuance will strengthen the bank's capital base, optimize its capital structure, and enhance its risk resilience. It will also have implications for net assets, capital adequacy ratio, and profitability [7][8]. Summary - The issuance is strategically significant for the bank's long-term development and shareholder value enhancement, ensuring efficient use of raised funds [8].

Core Points - The document outlines the management and usage of funds raised by China Construction Bank, aiming to protect investors' interests and ensure the safety and efficiency of fund usage [1][2]. Fund Storage - The bank implements a special account storage system for raised funds, ensuring that these funds are not mixed with other funds or used for unrelated purposes [2]. - A regulatory agreement must be signed with sponsors or independent financial advisors within one month of fund receipt, detailing the management and usage of the special account [2][3]. Fund Usage - Funds must be used according to the plans outlined in the issuance application documents, with strict internal approval processes [4]. - The bank is required to disclose the usage of raised funds in its semi-annual and annual reports [4]. - If significant changes occur affecting the fund usage plan, the bank must promptly announce these changes [4]. - Any surplus funds from completed projects must be approved by the board before being redirected to other projects [5]. Changes in Fund Direction - Any changes in the intended use of raised funds must be approved by the board and shareholders, with clear communication to sponsors and independent advisors [6][7]. - The bank must provide detailed information about the original and new projects if changes occur, including feasibility analysis and risk assessments [7]. Management and Supervision - The bank must conduct verification procedures for the raised funds and ensure compliance with regulations through regular audits and reports [8][9]. - The board is responsible for reviewing the progress of investment projects and the status of fund usage every six months [9]. - Any violations of laws or regulations regarding fund usage will result in accountability for responsible parties [9][10].

Financial Performance - The company reported a basic earnings per share of 0.2300 yuan for 2024, an increase of 53.33% compared to 0.1500 yuan in 2023 [1] - The operating revenue reached 3.86 billion yuan, reflecting a growth of 31.29% from 2.94 billion yuan in the previous year [1] - The net profit for 2024 was 0.53 billion yuan, up 51.43% from 0.35 billion yuan in 2023 [1] - The return on equity (ROE) improved to 9.33%, a 50% increase from 6.22% in the prior year [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 14,607.3 million shares, accounting for 70.63% of the circulating shares, with a decrease of 2.6268 million shares from the previous period [1] - Guangzhou Feixue Group Co., Ltd. remains the largest shareholder with 10,093.41 million shares, representing 48.82% of the total share capital [2] - New entrants among the top shareholders include Guangzhou Saina Management Consulting Partnership and China Construction Bank's fund, while Guangzhou Saina Equity Investment Partnership has exited the top ten [2][3] Dividend Distribution - The company announced a dividend distribution plan of 1.7 yuan per share (including tax) [4]