[ET Net News Agency, 3 May 2022] China CITIC Bank Corporation Limited (00998) said the
proposal in relation to the rights issue plan and other relevant proposals have been
considered and approved at a meeting of the board held on 29 April 2022. Under the A share
rights issue, it is proposed that A rights shares are to be allotted and issued to all A
shareholders on the basis of up to three A rights shares for every ten existing A shares
calculated based on the total number of A shares in issue at the close of the market on
the A share record date. Under the H share rights issue, it is proposed that H rights
shares are to be allotted and issued to all qualified H shareholders on the basis of up to
three H rights shares for every ten existing H shares calculated based on the total number
of H shares held by the qualified H shareholders as determined on the H share record date.
The gross proceeds raised from the rights issue are expected to be no more than RMB40
billion (inclusive). All the proceeds raised from the rights issue, after deduction of
relevant expenses relating to the issuance, will be used for the replenishment of the core
tier-one capital of the bank, so as to increase the capital adequacy ratio of the bank,
support the sustainable and healthy business development of the bank in the future, and
enhance the capital strength and competitiveness of the bank. (RC)