CBHB (09668.HK) announced that it intends to transfer its transferable assets through a public listing process, and proposes that the proceeds from the sale of the proposed items should not be less than approximately 17.672 billion yuan (the same below). This is equivalent to approximately 60% of the total amount of convertible asset credit to be transferred at the end of December last year. It is intended for the bank's general operating funds, which can improve its asset quality, reduce capital occupation, and thereby enhance its capital adequacy ratio and improve liquidity.

Among them, the negative financial impact of the net debt amount calculated by deducting the impairment losses that have been provided for the price is approximately 3.878 billion yuan for CBHB.

Potential transferees are China Cinda Asset Management Tianjin Branch; or China Oriental Asset Management Tianjin Branch; or China Greatwall Technology Group Asset Management Tianjin Branch; or China CITIC Financial Asset Management Co., Ltd. Tianjin Branch; or Tianjin Jinrong Asset Management; or Tianjin Bohai Zhengxin Asset Management.

The company pointed out that because the proposed sale items involve a relatively large asset scale, it is difficult to complete the asset sale items through a single transfer, and the necessary time and implementation conditions for the organized preparation of each batch of asset sales have uncertainty. In order to facilitate the asset transfer involved in the proposed sale item to be completed in an orderly manner, and based on the principle that is conducive to the bank's further optimization of the asset structure, consolidation of asset quality, and maximum protection of the interests of the bank and shareholders, the bank intends to apply to the shareholders' meeting for the authorization to obtain a proposed authorization and complete the asset transfer in batches within the effective period of the authorization.