[ET Net News Agency, 22 January 2018] Zhongyuan Bank (01216) said it proposes to issue
qualified tier 2 capital instruments in the aggregate principal amount of no more than
Rmb10 billion and not more than 100 million offshore preference shares to raise proceeds
not exceeding Rmb10 billion.
The proceeds from tier 2 capital instruments will be used to replenish tier-2 capital,
enhance capital adequacy ratio and enhance capital strengths of the bank to support
sustainable development of the bank.
The proceeds from the issuance of offshore preference shares will be used to replenish
the bank's additional tier 1 capital. (HL)