Jiutai Rural Commercial Bank provides details on target equity disposal

Jilin Jiutai Rural Commercial Bank Corporation Limited clarified the determination basis for the disposal of target equity. The consideration was determined by the asset verification results, the asset valuation results, and the Target Company's profit or losses generated from daily operation from September 30, 2024, until the date of the Equity Transfer Agreement. The bank believes the disposal is fair and reasonable, as there have been no material changes in the Target Company's assets, liabilities, market environment, or management since the Benchmark Date. Upon completion of the Disposal, the Bank will be able to recover the initial investment cost in the Target Company, and the scale of the Bank's investment assets will decrease. Trading of the bank's H shares on the Hong Kong Stock Exchange remains suspended since March 12, 2025, pending satisfaction of resumption conditions.