The implementation period for increasing holdings is the same as the original plan
On December 19, the Bank of Xiamen issued an announcement. In order to further demonstrate confidence in the company's future development prospects and recognition of the company's long-term investment value, current directors (excluding independent directors), supervisors (excluding external supervisors), and senior managers of the company as of August 4, 2023 will voluntarily raise the total amount of active shares in the company by no less than 1,3764 million yuan to no less than 350,000 yuan.
This is the latest adjustment to the stock price stabilization plan announced by the Bank of Xiamen on August 5.
On August 5, 2023, the Bank of Xiamen issued the “Notice on the Stock Price Stabilization Plan” (Notice No.: 2023-030). According to the announcement, according to the “Bank of Xiamen Co., Ltd. Stock Price Stability Plan”, the company held the 36th meeting of the 8th board of directors on August 4, 2023 to deliberate and pass the “Proposal of Bank of Xiamen Co., Ltd., on a plan to stabilize stock prices”. The company will adopt measures to increase shareholding by shareholders holding 5% or more to stabilize stock prices.
At the same time, based on confidence in the company's future development prospects and recognition of investment value, directors (excluding independent directors), supervisors (excluding external supervisors), and senior managers serving as of August 4, 2023 have actively increased their holdings of the company by no less than 10% of the total after-tax remuneration obtained from the company in the previous year, that is, the total amount of active increase in the company's shares is not less than 1,3764 million yuan.
After this adjustment, the implementation period for the latest holdings increase is the same as the original plan, within 6 months from August 4, 2023.
Data show that in 1996, the Bank of Xiamen was founded in Xiamen, Fujian. It is the first urban commercial bank in mainland China with a Taiwan-funded background, and the first listed urban commercial bank in Fujian Province. As of the end of September 2023, Bank of Xiamen Group had total assets of 378.648 billion yuan.