Summary by Moomoo AI
CHINA POSTAL SAVINGS BANK CO., LTD. (“POSTAL BANK”) ISSUED A NOTICE ON 28 MARCH 2024 DETAILING THE STORAGE AND ACTUAL USE OF ITS NON-PUBLICLY ISSUED RMB ORDINARY SHARE (A SHARE) RAISING FUNDS. Postal Bank completed a non-public offering in March 2023 with a total of 6,777,108,433 A-shares for a total raising of RMB44,999,999,995.12. Net of the actual fundraising was RMB44,980,159,019.96 after deducting the issuance fee. The funds raised were deposited into the Special Account on 22 March 2023 and were all used to supplement the Bank's Core Tier 1 capital by 31 December of the same year. POSTAL BANK ENSURES THAT THE USE AND DISCLOSURE OF THE FUNDS RAISED IS CONSISTENT AND DOES NOT ALTER THE USE OF THE FUNDS OR HARM THE INTERESTS OF SHAREHOLDERS. Delkin Huayong Accounting Firm verified the implementation of the funds raised and reported accordingly. Postal Bank's sponsor also carried out special checks on the storage and use of the funds raised and considered that the bank complied with the requirements of relevant laws and regulations and regulatory documents.