On May 12^th, Bank of Ningbo completed its non-public offering of A shares with a financing scale of RMB 8 billion which is the second largest project of non-public price inquiry since 2019 and it is one of the 1^st batch of projects applicable to the new refinancing regulations. OSIB is the joint lead underwriter of this issuance.

The issuance had attracted attention of more than 150 well-known investment institutions at home and abroad. Through this issuance, Bank of Ningbo successfully introduced Central Bank of Norway, the famous international sovereign fund, China Huarong Asset Management Co., Ltd., the famous domestic financial institution, as well as the mainstream institutional investors such as Fullgoal Fund, Southern Asset Management, Ping An Asset Management, etc. and further optimized its corporate governance structure. As the joint lead underwriter of this private placement, OSIB deeply excavated customer value, actively communicated with the capital market at home and abroad and finally assisted Bank of Ningbo to successfully complete this issuance with the help of years of sales network accumulation.

Bank of Ningbo was established on April 10^th, 1997 and became the first city commercial bank listed on Shenzhen Stock Exchange on July 19^th, 2007. The top two shareholders of the company are Ningbo Municipal Government and OCBC Bank. OCBC Bank is the second largest financial service group in Southeast Asia and one of the highest rated banks in the world with Moody's Aa1 rating. Since its establishment 23 years ago, with the rapid growth of China's economy, Bank of Ningbo has made great progress in various businesses. It has developed into a regional joint-stock listed bank with a net capital of more than RMB 130 billion, a total asset of more than RMB 1300 billion, nearly 20000 staff and ranking among the top 200 banks in the world.