Xiamen International Bank Co., Ltd. announced that it has signed a capital increase agreement for a private placement of 31,718,549 shares at a price of CNY 5.66 per share for gross proceeds of CNY 179,526,987.34 on October 30, 2020. The transaction will include participation from returning investor Fujian Expressway Development Co.,Ltd (SHSE:600033). The transaction has been approved by investor's fourteenth meeting of the eighth session of its board of directors and does not need it's shareholders approval.