SDHS plans to subscribe for no more than 106 million domestic shares of WEIHAI BANK

SDHS announced that it plans to subscribe for no more than 106 million domestic shares of WEIHAI BANK, with a total subscription amount not exceeding 348 million yuan. This capital increase project aims to supplement the core tier one capital of WEIHAI BANK, with the total amount raised from the stock issuance not exceeding 3 billion yuan. After the investment is completed, SDHS's shareholding ratio in WEIHAI BANK will remain at 11.60%

According to the Zhitong Finance APP, Shandong High-Speed (600350.SH) announced that its affiliated company, Weihai Bank Co., Ltd. (referred to as "Weihai Bank"), plans to issue domestic shares and non-publicly issue H shares to specific objects, with the total amount of funds raised from the stock issuance not exceeding 3 billion yuan, to supplement Weihai Bank's core Tier 1 capital. The company intends to participate in this capital increase project of Weihai Bank. Specifically, the company will subscribe for no more than 106 million domestic shares of Weihai Bank at a price of 3.29 yuan per share, with a total subscription amount not exceeding 348 million yuan. After the investment is completed, the company's equity stake in Weihai Bank will remain unchanged at 11.60%