Bank of Beijing approves 400 bn yuan credit line to Zheshang Bank

Bank of Beijing announced on December 10, 2025, that its board of directors approved a comprehensive credit facility of 400 billion yuan to China Zheshang Bank Co., Ltd. Zheshang Bank is identified as a related party under regulatory definitions. This transaction, which exceeds 1% of Bank of Beijing's latest audited net capital, was reviewed and approved by the board's related party transaction committee and independent directors, eliminating the need for shareholder approval. The credit line, valid for two years, will be priced based on market principles and aligns with Bank of Beijing's internal policies and the People's Bank of China interest rate policies. In the 12 months preceding this transaction, Bank of Beijing had already extended 260 billion yuan in comprehensive credit to Zheshang Bank.

In a separate announcement on the same day, Bank of Beijing also disclosed the resignation of its chief financial officer, Mr. Cao Zhuo, effective December 8, 2025. Mr. Cao's departure is due to personal reasons, and he has confirmed no disagreements with the board. The company expressed gratitude for his contributions, noting that all handover procedures have been completed in accordance with relevant management regulations.