Bank of China Limited (“Bank of China”) was approved at the General Meeting on 30 June 2023 to issue capital instruments in the amount of not more than RMB 4,500 million or equivalent in foreign currency. Following regulatory approval, the Bank of China successfully issued tier 2 capital bonds in the national interbank bond market on April 2, 2024 and completed issuance on April 8, 2024. The term bonds are divided into two types, including RMB 350 billion 10-year fixed rate bonds with an interest rate of 2.62%, and RMB250 billion 15-year fixed rate bonds with an interest rate of 2.71%, both with an issuer redemption right. The funds raised will be used to supplement the Tier II capital of the Bank of China.

Bank of China Limited (“Bank of China”) was approved at the General Meeting on 30 June 2023 to issue capital instruments in the amount of not more than RMB 4,500 million or equivalent in foreign currency. Following regulatory approval, the Bank of China successfully issued tier 2 capital bonds in the national interbank bond market on April 2, 2024 and completed issuance on April 8, 2024. The term bonds are divided into two types, including RMB 350 billion 10-year fixed rate bonds with an interest rate of 2.62%, and RMB250 billion 15-year fixed rate bonds with an interest rate of 2.71%, both with an issuer redemption right. The funds raised will be used to supplement the Tier II capital of the Bank of China.