Core Viewpoint - The legal opinion issued by Beijing Jindu Law Firm confirms the compliance of the issuance process and subscription objects for the A-share stock issuance by Bank of Communications, stating that all necessary approvals and authorizations have been obtained, and the process is legal and compliant [1][5][9]. Group 1: Approval and Authorization - The internal approvals and authorizations for the A-share issuance have been obtained through relevant resolutions from the general meetings [5]. - Regulatory approvals from the China Securities Regulatory Commission and other relevant authorities have been granted for the issuance plan [5]. Group 2: Issuance Process and Results - The issuance involves specific objects, including the Ministry of Finance and strategic investors such as China Tobacco and Shuangwei Investment, with subscription agreements signed on March 30, 2025 [5][6]. - The issuance price was set at 8.71 yuan per share, later adjusted to 8.51 yuan per share due to profit distribution adjustments [7][8]. - The total number of shares issued was 14,101,057,578, raising a total of 120 billion yuan, with a net amount of approximately 119.94 billion yuan after deducting related expenses [8][9]. Group 3: Compliance and Verification - The subscription funds from the Ministry of Finance and other investors are confirmed to be legal and compliant, with no issues related to fund sources or financial assistance from the issuer [6][9]. - The payment and verification processes have been conducted in accordance with relevant regulations, confirming the legality and fairness of the issuance process [9].