Bank of Zhengzhou to acquire, convert Yanling Zhengyin Rural Bank to a branch

Bank of Zhengzhou announced its plan to acquire Yanling Zhengyin Rural Bank via a cash purchase of shares from other shareholders, followed by an absorption merger. This transaction will convert Yanling Zhengyin Rural Bank into a branch of Bank of Zhengzhou, transferring all assets, liabilities, business, personnel, rights, and obligations. Yanling Zhengyin Rural Bank will be dissolved, and its legal entity status canceled.

The acquisition consideration, for both share purchase and absorption merger, will be determined by an asset valuation based on June 30, 2025. Yanling Zhengyin Rural Bank, established in December 2011 with a registered capital of 70,495,000 yuan, currently has Bank of Zhengzhou as its largest shareholder, holding 49.58%.

The proposed acquisition was approved by the Bank of Zhengzhou's board of directors on December 25, 2025, with all nine directors voting in favor. The transaction is still subject to regulatory approval and is not considered a connected transaction or a major asset restructuring. It is expected to have a minimal impact on Bank of Zhengzhou's operating results.