Group 1 - Weihai Bank (09677) announced a conditional subscription agreement with Shandong Hi-Speed Group and Shandong Hi-Speed, involving the issuance of up to 432 million domestic shares at a subscription price of RMB 3.29 per share [1] - The total investment from Shandong Hi-Speed Group and Shandong Hi-Speed is expected to be approximately RMB 10.67 billion and RMB 3.48 billion, respectively, equivalent to about HKD 11.71 billion and HKD 3.82 billion [1] - The funds raised from this issuance will be used to supplement the bank's core tier 1 capital after deducting related issuance costs [1] Group 2 - The board believes that the subscription by Shandong Hi-Speed demonstrates confidence from the controlling and major shareholders in the bank [1] - This capital increase is expected to enhance the bank's capital adequacy ratio, ensuring compliance with regulatory requirements and supporting stable business growth [1] - The issuance will require shareholder approval at a special general meeting and a class meeting due to changes in the bank's domestic and H-share holder rights [1]

Core Viewpoint - Shandong Hi-Speed (600350.SH) announced that Weihai Bank plans to issue shares to raise a total of no more than 3 billion yuan for replenishing its core Tier 1 capital [1] Summary by Sections Investment Details - Weihai Bank intends to raise funds not exceeding 3 billion yuan through a stock issuance [1] - The company will subscribe to no more than 106 million domestic shares at a price of 3.29 yuan per share, with a total subscription amount not exceeding 348 million yuan [1] - Post-investment, the company's ownership stake in Weihai Bank will remain unchanged at 11.60% [1] Financial Projections - The internal rate of return for this investment project is estimated at 6.63% [1] - The static payback period for the project is calculated to be 16.73 years [1] - Using a discount rate of 6%, the net present value of the project is projected to be 17.08 million yuan [1] - The dynamic payback period is estimated at 31.62 years [1] - Under the equity method of consolidation, the average investment return for this project from 2025 to 2030 is expected to be 10.86% [1]

Core Viewpoint - Shandong Hi-Speed (600350.SH) announced that its associate company, Weihai Bank, plans to issue domestic shares and non-publicly issue H-shares to raise a total of no more than 3 billion yuan, aimed at supplementing its core Tier 1 capital [1] Group 1 - The company intends to participate in Weihai Bank's capital increase project by subscribing to no more than 106 million domestic shares at a price of 3.29 yuan per share, with a total investment not exceeding 348 million yuan [1] - After the investment is completed, the company's ownership stake in Weihai Bank will remain unchanged at 11.60% [1]