Bank of Changsha wins appeal in loan dispute

Bank of Changsha (SSE:601577) announced a favorable ruling in its legal dispute with Yihua Life Technology Co., Ltd. concerning a 590 million yuan loan. The Hunan Provincial High People's Court rejected Yihua Life Technology's appeal, upholding the original verdict. The case originated from a financial loan contract dispute initiated by Bohai International Trust Co., Ltd., the trustee of Bohai・Changyin Phase 4 Single Fund Trust. Bank of Changsha, which has already made full provisions for impairment losses related to the loan, anticipates no material adverse effect on its current or future earnings as a result of this legal outcome.