Congratulations! Bank of Qingdao, with AMTD as a strategical shareholder, has completed A-share IPO, becoming the first A-share listed bank in Shandong Province and the second “A+H”-shares listed city commercial bank in China

On 16th January, 2019, Bank of Qingdao (3866.HK, 002948.SZ), the largest city commercial bank in Shandong Province, with AMTD as a strategical shareholder, was successfully listed on the Shenzhen Stock Exchange, completing its A-share IPO and becoming the first A-share listed bank in Shandong Province and the second "A+H"-shares listed city commercial bank in the country. Calvin Choi, Chairman and CEO of AMTD Group, non-executive director of Bank of Qingdao, Chairman of the Regional Banks+ Strategic Cooperation Alliance, and Marcellus Wong, Vice Chairman of AMTD Group, led the senior management to attend the Bank of Qingdao listing ceremony. Starting today, "3866" and "002948" have jointly become the names of Bank of Qingdao in the capital market, these two numbers will be engraved in its history, accompanied by foundation of Bank of Qingdao for hundreds of years!

After 22 years of development, Bank of Qingdao has grown into the bank with largest assets in Shandong Province and was listed on the Hong Kong Stock Exchange on 3rd December, 2015. With the A-share listing of Bank of Qingdao, it became the first A-share listed bank in Shandong Province and the second “A+H”-share listed city commercial bank in the country, it has changed the history of three major stocks located in Shandong Province, the province with the third highest GDP in the country. Bank of Qingdao’s A-share IPO issued 450 million new shares at an issue price of RMB4.52yuan per share, raising more than RMB2 billion. This is the first listed company on the Shenzhen Stock Exchange in 2019. As one of the major shareholders of Bank of Qingdao and a strategic partner of Bank of Qingdao, AMTD is even more proud of it and sincerely wishes Bank of Qingdao to steadily develop further and achieve satisfied results after the “A+H”-share listing.

AMTD and Bank of Qingdao have established a comprehensive strategic partnership with mutual benefits by win-win cooperation, and have successfully carried out many mutually beneficial win-win cooperation in the fields of equity cooperation, investment banking, asset management and wealth management. At the end of 2016, AMTD announced its strategic investment in Bank of Qingdao. This is also the first Hong Kong non-bank financial institution to formally participate in city commercial banks in China in recent years. Calvin Choi, Chairman and CEO of AMTD Group, was also appointed to into the Board of Directors of Bank of Qingdao; In 2017, AMTD once again increased its holdings of Bank of Qingdao H-share and became one of the major shareholders of Bank of Qingdao. In capital markets, it has repeatedly assisted Bank of Qingdao's international capital market transactions and continuously improved the international influence of Bank of Qingdao. In December 2015, AMTD was the only non-sponsor joint global coordinator, joint bookrunner and joint lead manager to assist Bank of Qingdao to successfully complete the US$600 million H-share IPO; in September 2017, it again acted as the joint global coordinator, joint bookrunner and joint lead manager, to assisted Bank of Qingdao to complete the USD 1.203 billion issuance of overseas preference shares, becoming the first Chinese bank to issue preference shares overseas in the second half of 2017, and was highly sought after and highly praised by international capital markets. As its financial advisor, AMTD also took the lead in arranging the international non-deal roadshow of Bank of Qingdao to promote the interaction and cooperation between Bank of Qingdao and international investors and partners. In addition, AMTD and Bank of Qingdao also carried out in-depth cooperation in cross-border asset management and wealth management. Not only that, in October 2018, AMTD as the main proponent, Bank of Qingdao as one of the main initiators and founding directors, jointly initiated the establishment of a "regional bank +" strategic cooperation alliance to jointly promote financial technology to enable traditional financial business, to develop financial technology, smart finance, inclusive finance and green finance to promote the international and innovative development of alliance members. The multi-level and all-round cooperation relationship between AMTD and Bank of Qingdao is a successful example of the mutually beneficial interconnection of Hong Kong and mainland financial institutions. AMTD will continue to support the management of Bank of Qingdao as always and create a new financial boutique bank with leadership in technology, fine management and distinctive features.