Company News - 20 July 2017

AMTD, acting as Sole Financial Advisor and leading bank, assists Zhongyuan Bank in completing US$1bn H-share IPO in Hong Kong Stock Exchange, one of the biggest IPO in 2017

On 19th July 2017, Zhongyuan Bank (1216.HK), the biggest city commercial bank in Henan province successfully listed in Hong Kong Stock Exchange raising over US$1bn and becoming one of the biggest IPO in 2017. As the Sole Financial Advisor and leading bank of this IPO, AMTD assisted Zhongyuan Bank in successfully landing in international capital markets. The IPO is the second IPO project of Chinese banks completed by AMTD. So far, AMTD has successfully carried out two of three biggest IPO in Hong Kong this year.

Zhongyuan Bank is not only the biggest city commercial bank in Henan province but also the only city commercial bank to operate on a province level merged from 13 banks including Bank of Kaifeng, Bank of Anyang and Bank of Hebi. According to the ranking of 2016 British magazine “Banker”, Zhongyuan Bank is ranked 210th in 1000 global banks, 31th in Chinese commercial banks and 9th in Chinese city commercial banks.

Mr. Calvin Choi, Chairman and President of AMTD Group, Mr. Marcellus Wong, Vice Chairman of AMTD Group and Mr. Dou Rongxing, Chairman of Zhongyuan Bank

Zhongyuan Bank’s global offering included 3.3 bn shares with an issue price of HKD2.45 and gross proceeds of US$1bn. This IPO is the third IPO of Chinese banks and the 9th IPO of city commercial banks to list in Hong Kong this year. AMTD, acting as the Sole Financial Advisor and leading bank of Zhongyuan Bank, introduced the biggest cornerstone investors in this IPO, CMIG Futurelife, a subsidiary of CMIG, a leading global private investment group in China. This introduction is aimed to enhance the collaboration between CMIG Futurelife and Zhongyuan Bank, integrating CMIG Futurelife’s industry advantages and financial advantages of Zhongyuan Bank. Such exploration into domestic financial markets will provide leading financial services in the community and among the elderly through capitals and offer strong support for consumption upgrading in communities.

Mr. Marcellus Wong, Vice Chairman of AMTD Group, Ms. Emily Shi, Head of Capital Markets & Advisory of AMTD Group and Mr. Dou Rongxing, Chairman of Zhongyuan Bank

Zhongyuan Bank’s IPO is the 4th IPO of Chinese banks completed by AMTD in the past one year and half and the 10th funding project for financial institutions completed by AMTD so far, which further proves AMTD’s ability to expand overseas funding channels for Chinese financial institutions. Previously, AMTD has successfully assisted in the IPO of Guangzhou Rural Commercial Bank, the biggest rural commercial bank in Guangdong, the IPO of Bank of Qingdao, the biggest commercial bank in Shandong province and the IPO of Bank of Tianjin, one of the biggest city commercial banks in Bohai Gulf Rim Area. Moreover, AMTD assisted Shanghai Pudong Development Bank in the completion of Senior Floating Rates Bond offering, USD bond offering of China Minsheng Bank Hong Kong branch in 2017, various USD bond offerings of China Huarong Asset Management in 2016 and 2017, USD bond offering of Sirius International Insurance Group in 2016 and USD bond offerings of Zhongrong International Trust in 2016.

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