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Announcement on the Listing of Tradable Shares with Selling Restrictions

2007-10-23

 

Important notice:
 The listing amount of the restricted tradable shares is 4,782,561,842 shares;
 The listing date is October 26, 2007.

I. Information on the Shares Reform Plan
1. The Shares Reform Plan of the Bank was reviewed and passed by the First extraordinary shareholders’ meeting in 2005 and the relevant shareholders’ meetings on October 17, 2005, and was implemented with October 24, 2005 as the date of record, and was resumed trading on October 26, 2005 for the first time after the implementation.

2. Is additional consideration arranged for the shares reform plan?    Yes   No√
No additional consideration is arranged for the shares reform.

II. Commitment on the Listing of Tradable Shares with Selling Restrictions in the Shares Reform Plan
The holders of the Bank’s restricted tradable shares made the following commitment in the Introduction Manual of the Shares Reform Plan announced on September 12, 2005:

The non-tradable shares previously held by non-tradable share holders shall not be listed nor be transferred to others within 12 months. The non-tradable share holders holding more than 3% of total shares of the Bank prior to the implementation of the shares reform plan committed that they won’t list the previously held non tradable shares within minimum 12 months upon maturity of the above-mentioned restricted sale duration.

The holders of the Bank’s restricted tradable shares have strictly kept the above-mentioned commitment.

III. Changes in Equity Structure and Shareholding of the Bank Since the Implementation of the Shares Reform
1. Changes in equity structure besides distribution and increase from transfer since the implementation of the shares reform:
Yes√　　No

The Bank had implemented the distribution plan in 2005, in which a 15% stock dividend and a 25% additional share transferred from capital surplus were distributed to each outstanding share, and the distribution plan in 2006, in which a 19% additional share transferred from capital surplus were distributed to each outstanding share. Therefore, the capital stock of the listing of the restricted tradable shares will be calculated based on the total capital stock after the distribution and the transfer of additional shares from capital surplus. 

On June 23, 2007, the Bank issued 2.38 billion A shares by private placement, and the conversion of convertible bonds into shares led to changes in equity structure. Therefore, the capital stock of the listing of the restricted tradable shares will be calculated based on the total capital stock prior to new share issuance.

2. Changes in shareholding percentage since the implementation of shares reform
Yes √  No

On June 23, 2007, the bank issued 2.38 billion additional A shares through private placement, resulting in the changes in shareholding percentage as the following:

Name of company	Type		Shares held before additional issuance	Percentage	Number of additional shares	Shares held after additional issuance	Percentage
New Hope Investment Co., Ltd	Restricted		723,963,349	5.98%	130,900,000	854,863,349	5.90%
China Fanhai Holding Group Company	Restricted		681,895,633	5.64%	119,000,000	800,895,633	5.53%
China Life Insurance Co., Ltd.	Restricted		0	0.00%	714,000,000	714,000,000	4.93%
China Pingan Life Insurance Co., Ltd.	Restricted		0	0.00%	714,000,000	714,000,000	4.93%
Shanghai Giant Life Technology Co., Ltd.	Restricted		388,470,696	3.21%	309,400,000	697,870,696	4.82%
Sichuan South Hope Industries Co., Ltd.	Restricted		340,842,909	2.82%	357,000,000	697,842,909	4.82%
China Ship Owners Mutual Assurance Association	Restricted		580,618,272	4.80%	0	580,618,272	4.01%
Oriental Group Co., Ltd.	Restricted		569,852,708	4.71%	0	569,852,708	3.94%
China SME Investment Co., Lt.	Restricted		524,954,731	4.34%	0	524,954,731	3.63%
Xiamen Fuxin Group Co., Ltd.	Restricted		499,881,952	4.13%	0	499,881,952	3.45%
Asia Financial Holdings Pte., Ltd.	Restricted		472,081,592	3.90%	0	472,081,592	3.26%
Everbright Securities Co., Ltd	Restricted		0	0.00%	35,700,000	35,700,000	0.25%
Total		4,782,561,842		39.53%	2,380,000,000	7,162,561,842	49.47%

 

 

 

 

 

 

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