Certain A Shares of Xiamen Bank Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-OCT-2023.
October 19, 2023
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Certain A Shares of Xiamen Bank Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-OCT-2023. These A Shares will be under lockup for 1095 days starting from 19-OCT-2020 to 19-OCT-2023.
Details:
The Company's shareholders Xiamen Finance Bureau, Fubon Bank (Hong Kong) Limited, Beijing Shengda Xingye Real Estate Development Co., Ltd., and Fujian Septwolves Group Co., Ltd. promised to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.
Xiamen Bank Co Ltd is a China-based company principally engaged in commercial banking business. The Company's businesses mainly include corporate banking, personal banking and treasury business. The Company's corporate banking products mainly include corporate loans, bill discounting, corporate deposits, trade financing, agency services, cash management services, financial advisory and consulting services, remittance and settlement services. The Company provides retail banking products and services to individual customers, including personal loans, personal deposits, debit cards, credit cards, intermediary services and electronic banking products. The Company's treasury business mainly includes treasury trading business, bond investment trading business, derivatives trading business, inter-bank business, bill business and asset management business.