COMPLETION OF CONNECTED TRANSACTIONS IN RELATION TO
PROPOSED ACQUISITION OF THE ENTIRE SHARE CAPITAL OF
BOCI PRIVATE BANK

Information

Bank of China (Hong Kong) Limited (“BOCHK”) and BOCI Asia Limited (“BOCI Asia”), a wholly-owned subsidiary of BOC International Holdings Limited, have entered into an acquisition agreement on 24 January 2025 (“Acquisition Agreement”), pursuant to which BOCHK has agreed to acquire all the issued shares of Bank of China International Limited (“BOCI Private Bank”), a wholly owned subsidiary of BOCI Asia. All of the conditions precedent set out in the Acquisition Agreement have been satisfied. Completion of the proposed acquisition takes place on 30 January 2026 in accordance with the terms and conditions of the Acquisition Agreement. Upon completion, BOCHK owns all the issued shares of BOCI Private Bank, which becomes a direct wholly-owned subsidiary of BOCHK. For further details, please refer to the Announcements.

Reasons for and benefits of the acquisition

The acquisition would further strengthen BOCHK’s position in the private banking market, accelerate the enhancement of wealth management services, product innovation, marketing capability and competitive edge of its private banking business in Hong Kong and promote high-quality and sustainable development in its private banking business.

Bank of China International Limited Regulatory Disclosures