Guangzhou Rural Commercial Bank Co., Ltd. (“GRCB”, ticker: 1551.HK) was successfully listed on the Hong Kong Stock Exchange on June 20, 2017. The offer price was HK$ 5.10 per H Share. Assuming the Over-allotment Option is not exercised, the Offer Shares amounted to 1,582.90 million Shares, representing 16.5% of the total enlarged issued share capital and an offer size of HK$ 8,072.79 million. Assuming the Over-allotment Option is exercised in full, the Offer Shares increase to 1,820.34 million Shares, representing 18.56% of the total enlarged issued share capital and an offer size of HK$ 9,283.71 million. This IPO is the second largest IPO on the Hong Kong Stock Exchange since 2017. GRCB also became the first listed rural commercial bank in Guangdong Province, which is of great historical significance to the banking industry in Guangdong Province. CICC is the Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager of the Global Offering.

GRCB is a leading rural commercial bank in China, ranking first in Guangdong Province in terms of total assets, net assets, deposits, loans, operating income and net profits as of and for the year ended December 31, 2016. GRCB has over 60 years’ history, tracing its roots back to 1952 when the first rural credit cooperative was established in Guangzhou. GRCB was incorporated in 2009 after restructuring. Rooted in Guangzhou with distinct geographic advantages, GRCB ranked first among all commercial banks in Guangzhou in respect of the number of outlets as of December 31, 2016. According to “Top 1000 World Banks 2016” by The Banker, GRCB ranked 203rd among commercial banks in the world, 30th among commercial banks in China and fourth among rural commercial banks in China in terms of tier-one capital.

CICC has continuously provided financial advisory service and investment banking service of high quality to GRCB since 2010. Along the way, CICC has witnessed the development of GRCB and was honored to participate in the whole process of private placement, subordinated bond issuance and Hong Kong H Share IPO. CICC worked together with GRCB to overcome difficulties and challenges, and achieved fruitful achievement. As both the leading Sponsor and the leading Global Coordinator of this IPO, CICC fully coordinated the whole process, and took the leading role in formulating equity story, drafting prospectus, obtaining CSRC and HKEx approval as well as other key work streams. CICC also acted as the Settlement Agent and Stabilizing Manager in the offering phase to ensure the success of the Global Offering.

As a world-class investment bank with “Chinese Roots and International Reach”, CICC will provide the best financial services to more enterprises on the basis of its rich capital market experience, its philosophy of “Client First” and its mission of “Nation in Mind”.