Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Intchains Group Limited

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for the NASDAQ-listed American Depositary Receipt (ADR) program of Intchains Group Limited (NASDAQ: ICG). This program, effective March 20, 2023, involves the issuance of Level III ADRs, with Deutsche Bank managing cross-border equity structures and providing various banking services to corporations and financial institutions globally. Intchains specializes in high-performance ASIC chips and software solutions for blockchain applications, enhancing its technological footprint in the sector.

Positive

• Appointment of Deutsche Bank as depositary bank for Intchains Group's ADR program.
• Effective support for cross-border equity structures.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Intchains Group Limited.

Intchains Group Limited (NASDAQ: ICG) is a provider of integrated solutions consisting of high-performance application specific integrated circuits (ASIC) chips and ancillary software and hardware for blockchain applications.*

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by Intchains Group Limited (March 2023).

Depositary Receipt Information
Country	Cayman Islands incorporated holding company with operations conducted by subsidiaries in China
Custodian Bank	Deutsche Bank AG, Hong Kong Branch
Effective Date	March 20, 2023
Level III ADR
CUSIP	45828E 104
ISIN	US45828E1047
Symbol	ICG
Exchange	NASDAQ
Current Ratio	1 ADS: 2 Class A Ordinary shares
Eligibility	DTC

Depositary Receipt Contacts
New Business Development
William Ng
Tel: +852 2203 7889
www.adr.db.com	Markets Distribution
adr@db.com	London
	Tel: +44 (0) 20 7547 6500
gtb.db.com	New York
	Tel: +1 212 250 9100

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© March 2023 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230320005670/en/

For further information:

Dylan Riddle

Deutsche Bank AG

Press & Media Relations

Tel. +12122504982

Cell. +1(904)3866481

Email dylan.riddle@db.com

Source: Deutsche Bank

FAQ

What is the recent announcement about Deutsche Bank and Intchains Group Limited?

Deutsche Bank was appointed as the depositary bank for Intchains Group's NASDAQ ADR program, effective March 20, 2023.

What is the stock symbol for Intchains Group Limited?

Intchains Group Limited is listed under the stock symbol ICG on NASDAQ.

What services will Deutsche Bank provide for Intchains Group?

Deutsche Bank will manage the ADR program and support cross-border equity structures for Intchains Group.

When did Deutsche Bank become the depositary bank for Intchains Group?

Deutsche Bank became the depositary bank for Intchains Group's ADR program effective March 20, 2023.