Verification Opinion on the Partial Lifting of Restrictions on Shares Issued Prior to the IPO of Qingdao Bank Co., Ltd.
According to the requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Sponsorship of Securities Issuance and Listing, the Listing Rules of the Shenzhen Stock Exchange, and the Self-Regulatory Guidelines for Listed Companies No. 1 and No. 13, Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United Securities" or "the Sponsor") has conducted a verification of the lifting of restrictions on certain shares issued prior to the initial public offering (IPO) of A-shares by Qingdao Bank Co., Ltd. (hereinafter referred to as "Qingdao Bank" or "the Company"). The specific situation is as follows:
I. Overview of Shares Issued Prior to the IPO of A-shares
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Initial Public Offering of A-shares According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2018] No. 1727), Qingdao Bank issued 450,977,251 shares of ordinary shares (A-shares). According to the Shenzhen Stock Exchange's notice (Shenzhen Stock Exchange [2019] No. 26), Qingdao Bank was listed on the Shenzhen Stock Exchange on January 16, 2019. Before the IPO of A-shares, the total number of shares issued by Qingdao Bank was 4,058,712,749 shares; after the IPO, the total number of shares increased to 4,509,690,000 shares.
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Changes in Total Shares After Listing of A-shares In January 2022, Qingdao Bank allotted shares at a ratio of 3 shares for every 10 shares to all A-share shareholders, with 781,754,230 shares actually issued, which were listed for trading on January 28, 2022. In February 2022, Qingdao Bank allotted shares at the same ratio to all H-share shareholders, with 528,910,494 shares actually issued, which were listed for trading on February 11, 2022. After the completion of the above A-share and H-share allotments, the total number of shares of Qingdao Bank increased to 5,820,354,724 shares. As of May 18, 2026, the total number of shares of Qingdao Bank is 5,820,354,724 shares, of which 3,528,409,250 are domestic listed ordinary shares (A-shares) and 2,291,945,474 are foreign listed ordinary shares (H-shares). The A-shares include 415,907,833 shares with restricted sale conditions and 3,112,501,417 shares without such conditions.