Zhejiang Orient Financial Holdings Group (600120.SH) has acquired a total of 3.24% stake in Hangzhou United Bank.

Zhejiang Orient Financial Holdings Group (600120.SH) announced that the company has acquired 1.65% of the shares of Hangzhou United Rural Commercial Bank (referred to as "Hangzhou United Bank") through public auctions, totaling 36,015,900 shares. Recently, the company has also acquired an additional 1.59% of the shares of Hangzhou United Bank through public delisting and agreement transfer, totaling 34,696,500 shares. As of the announcement date, the company has acquired a total of 3.24% of the shares of Hangzhou United Bank, totaling 70,712,500 shares. The company will continue to proceed with the share acquisition.