Jilin Bank's capital increase and share expansion plan approved

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On April 2, the Jilin Regulatory Bureau of the National Financial Regulatory Administration issued an approval, agreeing to the capital increase and share expansion proposal submitted by Jilin Bank.

The approval states that Jilin Bank must conscientiously implement the capital increase and share expansion proposal, comply with relevant laws and regulations, fulfill all statutory procedures, and ensure that the capital increase and share expansion work is legal and compliant. It must strictly review the sources of the funds of the shareholders; the funds contributed by investors must be their own funds, and it must ensure that the sources of the funds are legal. It is not allowed to contribute shares using non-own funds such as entrusted funds or debt funds. It should, in accordance with relevant procedures and requirements, properly handle applications or reports (filings/records) for matters such as changes to equity and changes to registered capital. Any matters not covered will be handled in accordance with the relevant provisions of the National Financial Regulatory Administration.

(National Financial Regulatory Administration)

(Editor: Qian Xiaorui)

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