The major shareholder of Bank of Suzhou has significant confidence in the company's assets.

The latest announcement shows that the major shareholder of Bank Of Suzhou, Guofa Group, has accumulated a change in equity holdings of 5% in Bank Of Suzhou. This triggers the relevant disclosure obligations.

This also brings Guofaq Group's next shareholding plan to light.

Continuously increasing shareholding by 5 percentage points.

According to the announcement, Bank Of Suzhou received on January 8, 2025, a notification letter regarding the change in shareholder equity and a detailed report on equity changes issued by Suzhou International Development Group Co., Ltd. (hereinafter referred to as 'Guofa Group').

The relevant report shows that from August 2, 2019, to January 8, 2025, Guofaq Group's ownership of shares in Bank of Suzhou increased from 9% to 14% due to block trades, transfers without consideration, centralized bidding increases, passive dilution from Convertible Bonds conversion, and other reasons, resulting in a cumulative change in equity of 5%.

In other words, in the six months prior to this announcement, Guofa Group has cumulatively increased its shareholding in Bank Of Suzhou by 0.1036 billion shares.

The subsequent Shareholding plan is unveiled.

Moreover, the Bank Of Suzhou has also announced a brand new Shareholding plan.

The announcement shows that Guofa Group plans to increase its Shareholding by no less than 0.3 billion yuan within six months starting from January 14, 2025, through the trading system of the Shenzhen Exchange using centralized bidding or by purchasing Convertible Bonds to convert into stocks.

The announcement also stated that the entity increasing its Shareholding will not reduce the shares acquired in this Shareholding plan within six months after its completion.

According to reports, the reason for the increased Shareholding by Guofa Group is "based on confidence in the future development prospects of the Bank Of Suzhou and recognition of its long-term investment value." The company promises that it will not reduce its Shareholding in the Bank Of Suzhou during the implementation period of the plan and within the statutory period, and it will complete the Shareholding plan within the aforementioned implementation period.

Significant increase in recent years.

Over the past year, the stock price of the Bank Of Suzhou has continued to rise under multiple factors.

This also leads to its Convertible Bonds nearing the conditions for redemption.

It is reported that the Stock of Bank Of Suzhou has had 10 out of the 19 trading days from December 12, 2024, to January 8, 2025, with a closing price not lower than 130% of the current conversion price of the "Su Hang Convertible Bonds" at 6.19 yuan/share, which is 8.05 yuan/share. If, in the next 11 trading days, there are 5 trading days where the closing price of Bank Of Suzhou stocks is not lower than 8.05 yuan/share, it may trigger the conditional redemption clause of the "Su Hang Convertible Bonds."

Once the relevant conditions are met, according to the provisions in the "Prospectus for the Public Offering of A-shares Convertible Bonds by Bank Of Suzhou Co., Ltd." (hereinafter referred to as the "Prospectus"), the bank has the right to decide to redeem all or part of the unconverted "Bank Of Suzhou Convertible Bonds" at the price of the bond face value plus the interest accrued during the period.