BANK OF COMMUNICATIONS (LUXEMBOURG) S.A.

Bank of Communications (Luxembourg) S.A. is a Luxembourg-incorporated credit institution wholly owned by Bank of Communications Co., Ltd. of China and serves as the group’s platform for banking activities in the European Union. The bank holds a full banking license in Luxembourg and is supervised by the Commission de Surveillance du Secteur Financier (CSSF) and, as a significant institution within a non‑EU banking group, is subject to oversight under the European Central Bank’s Single Supervisory Mechanism. Its business is oriented toward corporate and institutional clients involved in Europe–China trade and investment flows, offering services such as current and term accounts in major currencies (including renminbi), trade finance instruments (documentary letters of credit, standby LCs, guarantees, and collections), corporate lending and syndications, cash management, foreign exchange and basic treasury solutions, and cross‑border payment processing via SWIFT and SEPA. The bank does not operate a broad retail franchise in Luxembourg, and product information and pricing are typically provided through relationship channels rather than public retail schedules. Client onboarding and transaction monitoring follow Luxembourg and EU AML/CFT requirements, with standard documentary due diligence for complex cross‑border structures. Eligible deposits are covered by the Luxembourg deposit guarantee scheme (Fonds de garantie des dépôts Luxembourg) up to EUR 100,000 per depositor, per bank, subject to statutory terms. The entity’s risk profile reflects its focus on corporate credit, trade‑related exposures, and treasury activities, along with sensitivity to EU–China regulatory conditions, sanctions and export‑control regimes, currency and interest‑rate movements, and broader credit cycles. The parent company is rated by major agencies; the Luxembourg subsidiary may not carry separate public ratings and generally relies on its own capital base and group frameworks within applicable EU prudential rules.