Zhitong Financial APP News, Industrial and Commercial Bank of China (601398.SH) issued an announcement that the bank examined and passed the "motion on issuing open-ended capital bonds" at its second interim shareholders' meeting in 2020 on November 26, 2020, agreeing that the bank should issue write-down non-fixed-term capital bonds of no more than 100 billion yuan. With the approval of Bank of China Ltd. Insurance Regulatory Commission and the people's Bank of China, the bank issued the "China Industrial and Commercial Bank of China Co., Ltd. 2021 Open-ended Capital Bond (second issue)" (referred to as the current issue) in the national interbank bond market, and completed the bond registration and custody with the Central National debt Registration and Clearing Co., Ltd.

The current issue was recorded on November 24, 2021 and completed on November 26, 2021. The current bond issue is RMB 30 billion yuan, with a coupon rate of 3.65% in the first five years, adjusted every five years, and a conditional redemption right of the issuer in the fifth year and every interest payment date after that. The funds raised in the current issue of bonds will be used to supplement other tier one capital of the Bank in accordance with applicable laws and regulatory approvals.