Sunong Bank senior management to significantly increase shareholdings

Jiangsu Suzhou Rural Commercial Bank announced that its senior management, including president Wang Liang, vice president Fei Haibin, and vice president Geng Zhi, plan to voluntarily increase their shareholdings. The executives aim to collectively purchase no less than RMB 1.8 million of the company's A-shares through concentrated bidding on the Shanghai Stock Exchange within six months from November 11, 2025. This move is driven by their confidence in Sunong Bank's future development and long-term investment value.

Specifically, president Wang Liang intends to acquire at least RMB 800,000 worth of shares. Vice presidents Fei Haibin and Geng Zhi each plan to purchase a minimum of RMB 500,000 in shares. All funds for these acquisitions will come from the executives' own resources. The plan does not set a price range for the acquisitions.

The executives have committed not to reduce their holdings during the plan's implementation period and legal restrictions. Furthermore, they pledge to lock up these newly acquired shares for three years from the date the plan's completion is announced.