Harbin Bank proposes merger of four rural banks

Harbin Bank Co., Ltd. announced proposals to absorb and merge four village and township banks, converting them into sub-branches. The affected entities are Chongqing Dadukou Rongxing Village and Township Bank, Chongqing Shapingba Rongxing Village and Township Bank, Chongqing Wulong Rongxing Village and Township Bank, and Nehe Rongxing Village and Township Bank. These mergers aim to consolidate operating resources and enhance financial service capabilities.

The mergers involve Dadukou Village and Township Bank, established in December 2010 with a registered capital of RMB180 million, where Harbin Bank holds 83.33334%. Shapingba Village and Township Bank, established in May 2012 with a registered capital of RMB100 million, has Harbin Bank holding 80%. Wulong Village and Township Bank, established in June 2011 with a registered capital of RMB50 million, sees Harbin Bank holding 70%. Nehe Village and Township Bank, established in April 2017 with a registered capital of RMB50 million, also has Harbin Bank holding 80%.

Shareholders will vote on these proposals at the 2025 third extraordinary general meeting (EGM) scheduled for October 22, 2025, in Harbin, China. The board recommends voting in favor, noting that the transactions are expected to have no material impact on the company’s financial condition or operating performance.