Jilin Bank's capital increase and share expansion plan approved

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China Net Finance, April 3—Yesterday, the Jilin Financial Regulatory Bureau disclosed approval documents showing that it agreed to the capital increase and share expansion plan submitted by Jilin Bank. The Jilin Financial Regulatory Bureau requires that Jilin Bank must earnestly implement the capital increase and share expansion plan, comply with relevant laws and regulations, fulfill all statutory procedures, and ensure that the capital increase and share expansion work is legal and compliant; strictly review the source of the funds for subscribing shares. The investors’ share subscription funds must be their own funds, and it must be ensured that the sources of the funds are legal. No non-own funds such as entrusted funds or debt funds may be used to subscribe shares; in accordance with the prescribed procedures and requirements, properly handle application or reporting (filing) matters such as changes to equity and changes to registered capital.

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