Recently, Industrial and Commercial Bank of China (ICBC) obtained regulatory approval to inject RMB 15 billion into its wholly owned subsidiary, ICBC Financial Leasing Co., Ltd. (ICBC Leasing). Following the capital increase, ICBC Leasing, headquartered in the Tianjin Economic-Technological Development Area (TEDA), will see its registered capital rise to RMB 33 billion, further consolidating its position as the world's leading and China's largest financial leasing company by registered capital.

As the first bank-affiliated financial leasing company in China, established 18 years ago, ICBC Leasing has remained deeply rooted in TEDA, leveraging Tianjin's strong financial ecosystem and the sector’s pioneering policy advantages. Over the years, it has grown into a leading enterprise in the financial leasing industry.

This capital injection will significantly enhance the company's core capital adequacy, strengthen its risk resilience, and provide robust momentum for future business expansion. It will also further elevate Tianjin's role as China's largest and a globally significant hub for the financial leasing industry, boost market confidence in Tianjin and TEDA's financial development, and contribute to Tianjin's high-standard construction of a financial innovation and operation demonstration zone.

Looking ahead, ICBC Leasing will fully leverage Tianjin's policy advantages and strong industrial foundation in the leasing sector. Taking the capital increase as a new starting point, the company will continue to expand its investment in Tianjin and TEDA, prioritize serving the financing needs of local enterprises, and inject greater financial vitality into Tianjin’s high-quality economic and social development. It also aims to further enhance the brand of “Tianjin Leasing” in both domestic and international markets.

About ICBC Financial Leasing Co., Ltd.

Founded on 28 November 2007, ICBC Financial Leasing Co., Ltd. is a wholly owned subsidiary of Industrial and Commercial Bank of China. As China’s first bank-affiliated financial leasing company, it draws on ICBC’s strong comprehensive capabilities and global service network to continuously improve its leasing product portfolio and strengthen worldwide customer services. With balanced development across aviation, shipping, and general leasingbusiness segments, ICBC Leasing provides professional and innovative leasing solutions as well as full life-cycle asset support services to clients worldwide.