Huaxia Bank directed additional 20.8 billion awarded

Huaxia Bank announced today that the company has received China's Securities Regulatory Commission on February 16, 2011, the approval of the Chinese bank limited public offering of shares approved, approved Huaxia Bank non-public issue 1.859 billion shares.　　The official reply shall be valid for 6 months from the date of approval of the issue.　　According to Huaxia Bank announced the plan, Huaxia Bank proposed to issue about 1.859 billion shares, the price is 11.17 yuan/share, the total amount of financing does not exceed 20.8 billion yuan, after deducting the relevant costs are all used to supplement the core capital.　　Among them, Shougang Corporation subscribe to 691 million shares, the State network assets to subscribe 653 million shares, Deutsche Bank Luxembourg subscribe 514 million shares.　　The programme was approved by the general meeting of shareholders in June 2010 and endorsed by the CBRC last December. After the completion of the subscription, Shougang Corporation shareholding ratio will rise from 13.98% to 20.28%, again become the largest shareholder.