INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Stock Code: 1398
EUR Preference Shares Stock Code: 4604
USD Preference Shares Stock Code: 4620
ANNOUNCEMENT ON THE APPROVAL OF THE ISSUANCE
OF UNDATED ADDITIONAL TIER 1 CAPITAL BONDS
As considered and approved at the Second Extraordinary General Meeting of 2020 of Industrial and Commercial Bank of China Limited (the "Bank"), the Bank proposed to issue write-down undated additional tier 1 capital bonds of a total amount no more than RMB100 billion.
The Bank has received "China Banking and Insurance Regulatory Commission's Approval in respect of the Issuance of Undated Additional Tier 1 Capital Bonds by Industrial and Commercial Bank of China" (Yin Bao Jian Fu [2021] No. 142) and "Affirmative Decision of Administration License of the People's Bank of China" (Yin Xu Zhun Yu Jue Zi [2021] No. 61), and has been granted to issue undated additional tier 1 capital bonds in China's national inter-bank bond market of an amount no more than RMB100 billion.
The Bank will perform its obligation of information disclosure regarding the issuance of undated additional tier 1 capital bonds in accordance with relevant regulatory requirements.
The Board of Directors of
Industrial and Commercial Bank of China Limited
Beijing, PRC
29 March 2021
As at the date of this announcement, the board of directors comprises Mr. CHEN Siqing and Mr. LIAO Lin as executive directors, Mr. LU Yongzhen, Mr. ZHENG Fuqing, Mr. FENG Weidong and Ms. CAO Liqun as non-executive directors, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Mr. SHEN Si, Mr. Nout WELLINK and Mr. Fred Zuliu HU as independent non-executive directors.
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ICBC - Industrial and Commercial Bank of China Limited published this content on 29 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2021 08:47:09 UTC.
