PSBC to absorb Post-Youhui Bank in strategic consolidation

China Postal Savings Bank Co., Ltd. (PSBC) announced its intention to absorb its wholly-owned subsidiary, Post-Youhui Bank, following approvals from its board of directors on September 23, 2025, and a temporary shareholders' meeting on October 9, 2025. This strategic consolidation aims to integrate operations, optimize resource allocation, and reduce management costs. The merger, which requires approval from the National Financial Regulatory Administration, will result in the deregistration of Post-Youhui Bank as an independent legal entity.

Upon completion of the merger, PSBC will assume all business, property, and creditor-debtor relationships, along with other rights and obligations of Post-Youhui Bank. The rights and obligations of Post-Youhui Bank's customers and other creditors of both parties will remain unaffected, with existing contracts and agreements continuing under PSBC.

Creditors are advised to present valid creditor documents and relevant certificates to demand repayment or provide corresponding guarantees within 30 days of receiving notification from PSBC, or within 45 days from the announcement date for those not directly notified.