China Zheshang Bank (601916.SH) intends to increase the capital of its subsidiary Zhejiang Silver Gold Lease by no more than 1.02 billion yuan.

China Zheshang Bank (601916.SH) announced that Zhejiang Yinjin Leasing, a subsidiary controlled by the company, holds a 51% stake, while Zhejiang Financial Holdings holds a 29% stake and Zhoushan Marine Comprehensive Development Investment Co., Ltd. holds a 20% stake. Zhejiang Yinjin Leasing plans to conduct a capital increase and share expansion, with its existing shareholders subscribing for 1.15 billion new shares in proportion to their respective shareholding ratios, raising an amount not exceeding RMB 2 billion. As the controlling shareholder of Zhejiang Yinjin Leasing, the company plans to invest up to RMB 1.02 billion in this round of fundraising.