Zhongyuan Bank proposes acquisitions, governance changes at EGM

Zhongyuan Bank Co., Ltd. has announced its 2025 Second Extraordinary General Meeting to be held on November 10, 2025, to address several pivotal resolutions. Shareholders will consider and approve amendments to the articles of association and new implementation plans.

The bank plans to acquire Puyang Zhongyuan County Bank, Mengjin Minfeng County Bank, and Luanchuan Minfeng County Bank. The acquisition of Puyang Zhongyuan County Bank will be for 1.33 yuan per share, while Mengjin Minfeng County Bank's acquisition is set at 2.99 yuan per share, and Luanchuan Minfeng County Bank at 4.25 yuan per share. These acquisitions will result in the absorbed banks being restructured into branches of Zhongyuan Bank.

Further significant proposals include the dissolution of the bank’s board of supervisors, with its functions transferred to the audit committee of the board. Shareholders will also vote on the appointment of Mr. Zhou Feng as an executive director and amendments to the rules of procedures for both the shareholders’ general meeting and the board’s meeting.