Wuxi Rural Commercial Bank Co.,Ltd announced that it has received CNY 1.999999989 billion in funding from Wuxi Radio and Television Development Co., Ltd., Wuxi Xishan Asset Management Co.,Ltd., Wuxi Nengda Thermal Power Co., Ltd., Wuxi Huishan Technology Innovation Industry Group Co., Ltd., Wuxi Taihu New City Asset Management Co., Ltd.

On December 27, 2022, Wuxi Rural Commercial Bank Co.,Ltd closed the transaction. The company has issued 289,435,599 A shares at an issue price of CNY 6.91 per share for the gross proceeds of CNY 1,999,999,989.09. The transaction included participation from Wuxi Radio and Television Development Co., Ltd. for 28,943,560 shares, Wuxi Xishan Asset Management Co.,Ltd. for 6,078,147 shares, Wuxi Nengda Thermal Power Co., Ltd. for 8,393,632 shares, Wuxi Huishan Technology Innovation Industry Group Co., Ltd. for 36,179,450 shares, Wuxi Taihu New City Asset Management Co., Ltd. for 195,369,030 shares and Wuxi Hengyu Asset Management Co., Ltd. for 14,471,780 shares.

The company has paid issuance fees of CNY 1,979,435.60.