Qingdao Rural Commercial Bank to acquire village bank equity

Qingdao Rural Commercial Bank Corporation announced that its board of directors, at its fourteenth extraordinary meeting held on November 27, 2025, passed a resolution to acquire equity in a village bank. The meeting was convened via written signature on November 27, 2025, with notices sent on November 20, 2025, through email and written methods.

Eleven directors were eligible to vote, and all eleven participated. The associated director, Lu Yurui, abstained from voting on the proposal due to a conflict of interest. The meeting and voting procedures adhered to the "Company Law of the People's Republic of China" and the company's articles of association.

The "Proposal on Acquiring Equity in Village Banks" was approved with 11 votes in favor, 0 against, and 0 abstentions. This decision signifies a strategic expansion for Qingdao Rural Commercial Bank.