Bank of Zhengzhou to acquire Junxian Zhengyin Rural Bank, convert it to branch

Bank of Zhengzhou will acquire Junxian Zhengyin Rural Bank Co., Ltd. through a cash purchase of shares and subsequent absorption. The acquisition will convert Junxian Zhengyin Rural Bank into a branch of Bank of Zhengzhou, with all assets, liabilities, business, personnel, and rights and obligations transferred. Junxian Zhengyin Rural Bank will be dissolved, and its legal entity status canceled.

Bank of Zhengzhou currently holds 51,000,000 shares (51%) of Junxian Zhengyin Rural Bank, which has a registered capital of yuan 100,000,000. The remaining 49,000,000 shares (49%) held by other shareholders will be acquired. The transaction price will be determined by an asset appraisal based on June 30, 2025, and approved by state-owned asset regulatory authorities.

The acquisition was approved by Bank of Zhengzhou's Eighth Board of Directors. It is subject to regulatory approval.