Postal Savings Bank of China plans capital increase, YOU+ BANK merger

Postal Savings Bank of China Co., Ltd. (PSBC) announced an extraordinary general meeting (EGM) on October 9, 2025, to address key strategic initiatives. Resolutions include a change in registered capital, amendments to the articles of association, dissolution of the board of supervisors, election of two non-executive directors (Ms. Chen Xue and Mr. Song Xiaodong), and the absorption and merger of YOU+ BANK.

The proposed change in registered capital follows the successful issuance of 20,933,977,454 A shares to the Ministry of Finance, China Mobile Communications Group, and China State Shipbuilding Corporation Limited in 2025. This issuance, priced at RMB6.21 per share, raised RMB130.0 bn, increasing PSBC's registered capital from RMB99,161,076,038 to RMB120,095,053,492.

The absorption and merger of wholly-owned subsidiary YOU+ BANK aims to optimize management and business structure, integrate online operations, and enhance resource allocation. This will lead to reduced management costs and improved operational efficiency, simplifying YOU+ BANK's independent legal entity status.