Our History and Development
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THIS DOCUMENT IS IN DRAFT FORM. THE INFORMATION CONTAINED HEREIN IS INCOMPLETE AND IS SUBJECT TO CHANGE. THIS DOCUMENT MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED “WARNING” ON THE COVER OF THIS DOCUMENT. OUR HISTORY AND DEVELOPMENT OUR HISTORY Overview Our Bank is a leading city commercial bank initiated by Guizhou provincial government and headquartered in Guiyang, Guizhou Province, China. We were established with the name “Bank of Guizhou Co., Ltd.” on September 28, 2012 in accordance with relevant PRC laws and regulations. According to the Several Opinions of the State Council on Further Promoting the Sound and Rapid Economic and Social Development of Guizhou (Guo Fa [2012] No. 2) (《國 務院關於進一步促進貴州經濟社會又好又快發展的若干意見》(國發[2012]2號), the Notice of the General Office of Provincial People’s Government on Establishment of Preparatory Group for Bank of Guizhou (Qian Fu Ban Han [2011] No. 28) (《省人民政府辦公廳關於成立貴州銀 行籌備組的通知》(黔府辦函[2011]28號)), the Request from the People’s Government of Guizhou Province for Supporting the Establishment of Bank of Guizhou (Qian Fu Han [2011] No. 354) (貴州省人民政府關於懇請支持我省組建貴州銀行的請示》(黔府函[2011]354號)), the Approval of CBRC in relation to the Establishment of Bank of Guizhou Co., Ltd. (Yin Jian Fu [2012] No. 185) (《中國銀監會關於籌建貴州銀行股份有限公司的批復》(銀監復[2012]185 號)), and the Approval from CBRC Guizhou Office in relation to Business Commencement of Bank of Guizhou Co., Ltd. (Qian Yin Jian Fu [2012] No. 231) (《貴州銀監局關於貴州銀行股 份有限公司開業的批復》(黔銀監復[2012]231號)), our Bank was established with a registered capital of RMB3,241,214,789.72 by the merger of the former Zunyi City Commercial Bank Co., Ltd. (“Zunyi City Commercial Bank”), the former Liupanshui City Commercial Bank Co., Ltd. (“Liupanshui City Commercial Bank”), and the former Anshun City Commercial Bank Co., Ltd. (“Anshun City Commercial Bank”). Former shareholders of Zunyi City Commercial Bank, Liupanshui City Commercial Bank and Anshun City Commercial Bank became shareholders of our Bank following the completion of the merger and reorganization. The principal businesses of our Bank comprise of corporate banking, retail banking and financial markets. In our corporate banking business, we provide our corporate customers with diversified financial products and services, including corporate loans, corporate deposits and fee- and commission-based products and services. In our retail banking business, we offer a wide range of products and services to our retail customers, including loans, deposits, bank cards, and other fee- and commission-based services. Our financial markets business primarily includes investment business, money-market transactions, debt securities underwriting and distribution, interbank discount and rediscounts of bills, as well as asset management business. – 142 – THIS DOCUMENT IS IN DRAFT FORM. THE INFORMATION CONTAINED HEREIN IS INCOMPLETE AND IS SUBJECT TO CHANGE. THIS DOCUMENT MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED “WARNING” ON THE COVER OF THIS DOCUMENT. OUR HISTORY AND DEVELOPMENT Milestones Our important milestones so far are as follows: April 2012 The then CBRC approved the establishment of our Bank September 2012 Our Bank was registered and established as the name Bank of Guizhou Co., Ltd. February 2013 Our Bank’s launched the first tranche “Gui Yin Heng Li (貴銀恒 利)” series wealth management products August 2013 Our Bank issued “Qianxiu Card” debit card to retail clients March 2014 Our Bank’s Tongren Branch, which is our first newly-established branch, was established April 2014 Our Bank put into use its new-generation IT system April 2015 Our Bank issued “Union Card” to employees of government, public utilities and high quality enterprises as accounts for giving union benefits October 2016 Our Bank’s branches and sub-branches were established across all 88 counties within Guizhou Province December 2016 Our Bank’s total assets exceeded RMB200 billion May 2018 Our Bank obtained the approval of opening public-facing credit card business from the CBIRC Guizhou Office November 2018 Our Bank successfully issued our first tranche green bonds December 2018 Our Bank’s total assets exceeded RMB300 billion December 2018 Our Bank was awarded “The Best Online Bank Security in Regional Commercial Bank in 2018” by China Financial Certification Authority – 143 – THIS DOCUMENT IS IN DRAFT FORM. THE INFORMATION CONTAINED HEREIN IS INCOMPLETE AND IS SUBJECT TO CHANGE. THIS DOCUMENT MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED “WARNING” ON THE COVER OF THIS DOCUMENT. OUR HISTORY AND DEVELOPMENT Establishment Zunyi City Commercial Bank, Liupanshui City Commercial Bank and Anshun City Commercial Bank (collectively referred to as the “Three Banks”) agreed to establish our Bank by merger and reorganization and signed a promoters agreement on December 7, 2011. The Three Banks were dissolved upon the incorporation of our Bank, and the original creditor’s rights, debts, taxes and owners’ equities of the Three Banks were inherited by our Bank. The registered capital of our Bank at the time of its establishment was RMB3,241,214,789.72. On April 18, 2012, the CBRC approved the establishment of our Bank by merger and reorganization of the Three Banks in the Approval of CBRC in relation to the Establishment of Bank of Guizhou Co., Ltd. (Yin Jian Fu [2012] No. 185) (《中國銀監會關於籌建貴州銀行 股份有限公司的批復》(銀監復[2012]185號)). The then CBRC Guizhou Office was responsible for directing the merger and reorganization of the Three Banks. Details of the Three Banks before merger and reorganization are set out in the following table: Registered Date of capital (RMB Bank establishment Place in millions)1 Principal businesses Zunyi City June 5, 2001 Zunyi City, 567.9 Taking deposits from the public; Commercial Guizhou extending short-term, medium-term Bank Province, and long-term loans; effecting PRC domestic payment settlements; discounting instruments; issuing financial bonds; acting as the issuing agent, payment agent and underwriter of government bonds; and other businesses approved by regulatory authorities. Liupanshui City May 23, 2008 Liupanshui 592.4 Taking deposits from the public, Commercial City, extending short-term, medium-term Bank Guizhou and long-term loans, effecting Province, domestic payment settlements, PRC accepting and discounting instruments, entrusted deposits and entrusted loans, and other businesses approved by regulatory authorities. – 144 – THIS DOCUMENT IS IN DRAFT FORM. THE INFORMATION CONTAINED HEREIN IS INCOMPLETE AND IS SUBJECT TO CHANGE. THIS DOCUMENT MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED “WARNING” ON THE COVER OF THIS DOCUMENT. OUR HISTORY AND DEVELOPMENT Registered Date of capital (RMB Bank establishment Place in millions)1 Principal businesses Anshun City January 14, Anshun 400.0 Taking deposits from the public, Commercial 2002 City, extending short-term, medium-term Bank Guizhou and long-term loans, effecting Province, domestic payment settlements, PRC accepting and discounting instruments, entrusted deposits and entrusted loans, and other businesses approved by regulatory authorities. 1. As of June 30, 2012 After the merger and reorganization of the Three Banks and upon approval by the then CBRC Guizhou Office in the Approval from CBRC Guizhou Office in relation to Business Commencement of Bank of Guizhou Co., Ltd. (Qian Yin Jian Fu [2012] No. 231) (《貴州銀 監局關於貴州銀行股份有限公司開業的批復》(黔銀監復[2012]231號)) on September 26, 2012, our Bank was established as a joint stock company on September 28, 2012 and the Three Banks automatically ceased to be corporate bodies. The registered capital of our Bank at the time of its establishment was RMB3,241,214,789.72. Though there were certain defects in the regulatory procedures of the merger and reorganization of the Three Banks, King & Wood Mallesons, our PRC legal advisors, are of the view that, because (i) the merger and reorganization was approved by then competent authorities, (ii) the registered capital of our Bank was verified, (iii) there is no dispute or objection raised by the creditors of The Three Banks or other relevant parties, and (iv) People’s Government of Guizhou issued confirmation letter on 6 May 2019 confirming that the establishment of our Bank complied with laws and is effective, the defects have no material or adverse effect on our Bank’s operations and financial conditions and will not result in any material adverse effect on the [REDACTED] of our Bank. – 145 – THIS DOCUMENT IS IN DRAFT FORM. THE INFORMATION CONTAINED HEREIN IS INCOMPLETE AND IS SUBJECT TO CHANGE. THIS DOCUMENT MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED “WARNING” ON THE COVER OF THIS DOCUMENT. OUR HISTORY AND DEVELOPMENT Changes in registered capital Our registered capital was RMB3,241,214,789.72 at the time of incorporation. After several rounds of registered capital injection, our registered capital was increased to RMB12,388,046,744 as of the Latest Practicable Date. The changes in our registered capital are summarized as follows: Date of registration of the change Description of change July 2015 Our registered capital changed from RMB3,241,214,789.72 to RMB7,199,389,101.79, of which RMB3,500,360,100.00 was contributed in cash by 59 non-individual shareholders and 2,228 individual shareholders before March 27, 2015, with the rest of RMB457,814,212.07 transferred from capital reserve to paid-up capital. In July 2015, our Bank completed the registration for the above change in registered capital with the Industry and Commerce Administration Bureau of Guizhou Province and obtained the renewed business license. December 2017 Our registered capital changed from RMB7,199,389,101.79 to RMB9,699,345,232.77, of which RMB1,422,256,130.98 was contributed in cash by 15 non-individual shareholders and 292 individual shareholders before December 30, 2015, RMB1,039,700,000.00 was contributed in cash by eight non-individual shareholders before December 28, 2016 and RMB38,000,000.00 was contributed in cash by one corporate shareholder before March 13, 2017. In December 2017, our Bank completed the registration for the above changes in registered capital with the Industry and Commerce Administration Bureau of Guizhou Province and obtained the renewed business license.