Bank of Qingdao revises 2025 related-party transaction estimates

Bank of Qingdao announced adjustments to its 2025 routine related-party transaction estimates. These were approved during its Ninth Board of Directors' Twenty-First Meeting on November 10, 2025. The revised estimates primarily involve credit and deposit businesses with related parties, including Lingong Heavy Machinery Co., Ltd. and Qingdao Guoxin Development (Group) Co., Ltd., and its affiliates.

Lingong Heavy Machinery's estimated credit business increased from CNY 0.00 to CNY 6.00, and deposit business from CNY 0.00 to CNY 5.00. Qingdao Guoxin Development (Group) Co., Ltd. and its affiliates saw their estimated credit business rise from CNY 36.10 to CNY 46.10.

These adjustments were deemed not to require shareholder approval and were approved by the board with 13 votes in favor, 0 against, and 0 abstentions. Related-party director Deng Youcheng abstained. Independent directors also unanimously approved the adjustments on November 7, 2025, stating the transactions conform to commercial principles and market terms, ensuring fair pricing and not negatively impacting the bank's independence or reliance on related parties. The bank's board resolution was published on November 11, 2025.