Agricultural Bank of China Co., Ltd. (“ABC”, “the Issuer”) successfully announced its non-public preference shares offering (“the Offering”) on Mar. 19, 2015, which were listed on the Shanghai Stock Exchange since Mar. 27, 2015. The type of securities under the issuance were preference shares issued in the PRC that are in compliance with CBRC rules regarding the eligibility criteria of Additional Tier-1 capital instruments. A total of 400 million shares were offered, raising proceeds of RMB 40 Bn which will be used to replenish the Issuer’s Additional Tier-1 capital. Adjustment of the dividend rate will be conducted every five years, and the starting rate during the initial five years is decided at 5.50% through book-building procedure. The preference shares is rated AA+ by China Chengxin International Credit Rating Co., Ltd. CICC acted as Joint Lead Underwriter in this deal, which represents the globally largest preference share offering since 2015 and one of the largest equity follow-on deals in PRC.