Bank of Chongqing Co., Ltd. considered and approved at the 49th meeting of the sixth session of the board of directors and the 2021 annual general meeting, the Bank proposed to issue write-down undated capital bonds of an amount not exceeding RMB7 billion. With the approvals from the Chongqing Bureau of National Financial Regulatory Administration and the People's Bank of China, the Bank has successfully issued the 2023 undated capital bonds of Bank of Chongqing Co., Ltd. in the national inter-bank bond market. The Tranche of Bonds was book-built on October 18, 2023, and the issuance was completed on October 20, 2023.

The issuance size of the Tranche of Bonds is RMB2.5 billion. The coupon rate is 4.50% during the first 5 years and will be adjusted every 5 years. rate is 4.50% during the first 5 years and will be adjusted every 5 years.

The issuer shall have a conditional redemption right on every dividend payment date from the fifth year onwards. The Tranche of Bonds will be registered at and in the custody of Shanghai Clearing House. Subject to the applicable laws and the approvals by relevant regulatory authorities, the proceeds from the Tranche of Bonds will be used to replenish the Bank's other tier 1 capital.