Zheshang Bank plans capital increase for leasing arm

Zheshang Bank Co., Ltd. announced a capital increase for its controlled subsidiary, Zheshang Financial Leasing Co., Ltd. The transaction, approved by the bank's Board of Directors, involves Zheshang Bank subscribing to 500 million new shares of Zheshang Financial Leasing.

The subscription price is set at 1.9875 yuan per share, based on Zheshang Financial Leasing's net asset value per share as of the end of 2024. This will result in a total investment of 993.75 million yuan by Zheshang Bank. Zhoushan Ocean Comprehensive Development Investment Co., Ltd. will also participate, subscribing to 200 million shares at the same price. The capital increase is expected to boost Zheshang Bank's stake in Zheshang Financial Leasing from 51.00% to 54.04%.

As of September 1, 2025, Zheshang Bank has signed the "Capital Increase Subscription Agreement" with Zheshang Financial Leasing. The transaction is a related party transaction and remains subject to regulatory approval, introducing a degree of uncertainty. This move is intended to strengthen Zheshang Financial Leasing's capital, support its business development, and enhance its industry competitiveness.