Clarification​ statement​ on​ shareholders​ composition​ of​ ABA​ Bank

16/10/2019

Clarification​ statement 1

Advanced​ Bank​ of​ Asia​ Limited​ (“ABA​ Bank”​ or​ “the​ Bank”)​ would​ like​ to​ clarify​ on​ the​ information​ about​ the​ composition​ of​ shareholders​ of​ the​ Bank​ provided​ in​ the​ press​ release​ “National​ Bank​ of​ Canada​ acquires​ the​ remaining​ 10%​ stake​ in​ ABA​ Bank”​ dated​ 04​ October​ 2019.

According​ to​ the​ Amendment​ of​ Memorandum​ and​ Articles​ of​ Association​ of​ ABA​ Bank​ registered​ with​ the​ Ministry​ of​ Commerce​ on​ 19​ September​ 2019,​ National​ Bank​ of​ Canada​ purchased​ 16,499​ shares​ from​ Damir​ Karassayev​ and​ therefore​ increased​ its​ stake​ in​ ABA​ to​ 214,999​ shares​ that​ represents​ 99.99%​ of​ ownership.​ Damir​ Karassayev​ is​ currently​ holding​ 1​ share​ of​ ABA​ Bank​ that​ represents​ 0.01%​ of​ ownership.

The​ Bank’s​ previous​ statement​ on​ National​ Bank​ of​ Canada​ holding​ 100%​ of​ ABA​ shares​ as​ the​ result​ of​ acquisition​ was​ made​ to​ facilitate​ the​ perception​ of​ information​ and​ did​ not​ mean​ to​ mislead​ the​ public.