On April 8, the Postal Savings Bank of China (hereinafter referred to as PSBC) announced that its controlling shareholder, China Post Group Corporation Limited (hereinafter referred to as China Post Group), increased its A-share holdings of PSBC by 19.9102 million shares by means of centralized price bidding via the Shanghai Stock Exchange system on the same day, accounting for 0.02 percent of the ordinary shares PSBC has totally issued.

According to the announcement, China Post Group will continue to increase its A-share holdings of the bank by legal and compliant means like centralized price bidding via the Shanghai Stock Exchange system. The implementation period of this shareholding increase plan is 12 months from the disclosure date of the announcement.

China Post Group’s decision to increase its A-share holdings of PSBC is based on its firm confidence in the development prospects of China’s capital market, and its high recognition and sustained optimism for PSBC’s long-term investment value. With the shareholding increase, China Post Group aims to bolster investor confidence and safeguard minority investors’ interests.