The Shareholders' Meeting of the Bank of China Limited held on 18 July 2025 has considered and approved the proposal on the issuance of capital instruments of no more than RMB 450 billion or equivalent in foreign currencies. Having obtained the approvals from relevant regulatory authorities, the Bank issued write-down tier 2 capital bonds (the "Bonds") in an aggregate amount of RMB 60 billion in the domestic interbank bond market on 24 November 2025. The issuance of the Bonds was completed on 26 November 2025.
The Bond is fixed rate bonds with a term of 10 years, coupon rate of 2.16%, amount of RMB 60 billion and a redemption right of the issuer at the end of the fifth year. The funds raised from the issuance of the Bonds will be used to replenish the Bank's tier 2 capital in accordance with the applicable laws and the approvals from the regulatory authorities.
